Nikko Asset Management Americas Has Lowered Its Holding in Abbvie (ABBV) by $7.15 Million as Shares Rose; Asa Gold & Precious Metals LTD Increases Holding in Pretium Resources (PVG)

February 20, 2018 - By Clifton Ray

Asa Gold & Precious Metals Ltd increased its stake in Pretium Resources Inc (PVG) by 16% based on its latest 2017Q3 regulatory filing with the SEC. Asa Gold & Precious Metals Ltd bought 100,000 shares as the company’s stock declined 19.63% while stock markets rallied. The institutional investor held 725,000 shares of the basic industries company at the end of 2017Q3, valued at $6.71 million, up from 625,000 at the end of the previous reported quarter. Asa Gold & Precious Metals Ltd who had been investing in Pretium Resources Inc for a number of months, seems to be bullish on the $1.20B market cap company. The stock decreased 4.86% or $0.34 during the last trading session, reaching $6.65. About 1.11 million shares traded. Pretium Resources Inc. (NYSE:PVG) has risen 14.20% since February 20, 2017 and is uptrending. It has underperformed by 2.50% the S&P500.

Nikko Asset Management Americas Inc decreased its stake in Abbvie Inc (ABBV) by 91.24% based on its latest 2017Q3 regulatory filing with the SEC. Nikko Asset Management Americas Inc sold 81,200 shares as the company’s stock rose 6.17% with the market. The institutional investor held 7,800 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $693,000, down from 89,000 at the end of the previous reported quarter. Nikko Asset Management Americas Inc who had been investing in Abbvie Inc for a number of months, seems to be less bullish one the $187.64B market cap company. The stock decreased 0.37% or $0.44 during the last trading session, reaching $118.16. About 6.65M shares traded or 12.00% up from the average. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since February 20, 2017 and is uptrending. It has underperformed by 6.07% the S&P500.

Among 5 analysts covering Pretium Resources (NYSE:PVG), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Pretium Resources had 18 analyst reports since August 24, 2015 according to SRatingsIntel. As per Monday, August 24, the company rating was maintained by RBC Capital Markets. Credit Suisse downgraded the shares of PVG in report on Wednesday, January 24 to “Neutral” rating. The stock of Pretium Resources Inc. (NYSE:PVG) earned “Buy” rating by H.C. Wainwright on Monday, August 14. The company was maintained on Thursday, September 17 by Roth Capital. The stock of Pretium Resources Inc. (NYSE:PVG) earned “Buy” rating by H.C. Wainwright on Tuesday, December 26. As per Monday, August 24, the company rating was maintained by Canaccord Genuity. On Wednesday, October 11 the stock rating was maintained by Roth Capital with “Buy”. The firm earned “Buy” rating on Friday, August 18 by Roth Capital. The rating was maintained by H.C. Wainwright with “Buy” on Thursday, September 17. Canaccord Genuity upgraded Pretium Resources Inc. (NYSE:PVG) on Thursday, October 22 to “Speculative Buy” rating.

Investors sentiment increased to 1.74 in Q3 2017. Its up 0.50, from 1.24 in 2017Q2. It is positive, as 13 investors sold PVG shares while 21 reduced holdings. 14 funds opened positions while 45 raised stakes. 87.11 million shares or 11.66% more from 78.01 million shares in 2017Q2 were reported. Invest Centers Of America Incorporated reported 16,750 shares. Wells Fargo And Mn, a California-based fund reported 59,142 shares. 330,000 were reported by Sentinel Asset Mgmt Inc. The Ontario – Canada-based Mackenzie Fincl Corporation has invested 0.08% in Pretium Resources Inc. (NYSE:PVG). Art Advisors Limited Liability Co, New York-based fund reported 120,430 shares. Royal National Bank Of Canada holds 0% or 764,772 shares. Idaho-based Sun Valley Gold Limited Liability Company has invested 3.57% in Pretium Resources Inc. (NYSE:PVG). 1.52 million were reported by United Automobile Association. Sei Investments accumulated 2,515 shares or 0% of the stock. 259,948 were accumulated by Swiss Savings Bank. Ig Invest Mgmt Ltd reported 325,000 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 11,888 shares or 0% of its portfolio. Moreover, Gabelli Funds Ltd Liability Corp has 0.03% invested in Pretium Resources Inc. (NYSE:PVG). 1.65M are held by Bridger Ltd Liability Company. Ftb Inc invested in 0% or 1,000 shares.

Since September 11, 2017, it had 0 buys, and 5 insider sales for $25.59 million activity. Another trade for 6,699 shares valued at $589,512 was sold by Michael Robert A.. Gosebruch Henry O sold $1.66M worth of AbbVie Inc. (NYSE:ABBV) on Monday, October 30. SALEKI-GERHARDT AZITA also sold $705,655 worth of AbbVie Inc. (NYSE:ABBV) on Monday, September 11. Schumacher Laura J had sold 145,510 shares worth $14.07M on Thursday, December 14.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 10 have Buy rating, 2 Sell and 9 Hold. Therefore 48% are positive. Abbvie Inc had 78 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Piper Jaffray with “Buy” on Thursday, September 28. Piper Jaffray maintained the shares of ABBV in report on Friday, September 15 with “Buy” rating. On Sunday, October 29 the stock rating was maintained by SunTrust with “Buy”. The stock has “Sell” rating by Societe Generale on Wednesday, April 6. On Friday, August 18 the stock rating was maintained by Jefferies with “Buy”. The firm has “Underperform” rating given on Tuesday, January 30 by BMO Capital Markets. Cowen & Co maintained it with “Buy” rating and $130.0 target in Friday, January 26 report. The stock of AbbVie Inc. (NYSE:ABBV) has “Market Perform” rating given on Monday, June 6 by Cowen & Co. The stock of AbbVie Inc. (NYSE:ABBV) earned “Market Perform” rating by BMO Capital Markets on Thursday, November 16. Leerink Swann initiated AbbVie Inc. (NYSE:ABBV) rating on Tuesday, October 18. Leerink Swann has “Mkt Perform” rating and $70 target.

Nikko Asset Management Americas Inc, which manages about $3.82B and $2.05B US Long portfolio, upped its stake in Hdfc Bank Ltd (NYSE:HDB) by 52,300 shares to 199,400 shares, valued at $19.22 million in 2017Q3, according to the filing. It also increased its holding in Transunion by 200,400 shares in the quarter, for a total of 395,600 shares, and has risen its stake in Procter & Gamble Co/The (NYSE:PG).

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