Odyssey Marine Exploration (OMEX) Reaches $3.19 After 4.00% Down Move, Tradition Capital Management Has Cut Its Shire Plc (SHPG) Stake

May 31, 2017 - By Adrian Mccoy

The stock of Odyssey Marine Exploration Inc (NASDAQ:OMEX) is a huge mover today! The stock increased 0.16% or $0.01 on May 31, reaching $3.19. About 53,490 shares traded or 141.35% up from the average. Odyssey Marine Exploration Inc (NASDAQ:OMEX) has risen 54.32% since May 31, 2016 and is uptrending. It has outperformed by 37.62% the S&P500.The move comes after 8 months negative chart setup for the $25.75M company. It was reported on May, 31 by Barchart.com. We have $3.06 PT which if reached, will make NASDAQ:OMEX worth $1.03M less.

Tradition Capital Management Llc decreased Shire Plc (SHPG) stake by 63.52% reported in 2016Q4 SEC filing. Tradition Capital Management Llc sold 2,626 shares as Shire Plc (SHPG)’s stock rose 4.45%. The Tradition Capital Management Llc holds 1,508 shares with $256,000 value, down from 4,134 last quarter. Shire Plc now has $51.12B valuation. The stock decreased 0.12% or $0.2 during the last trading session, reaching $172.72. About 971,688 shares traded. Shire PLC (ADR) (NASDAQ:SHPG) has risen 4.69% since May 31, 2016 and is uptrending. It has underperformed by 12.01% the S&P500.

Analysts await Shire PLC (ADR) (NASDAQ:SHPG) to report earnings on August, 1. They expect $3.61 earnings per share, up 6.80% or $0.23 from last year’s $3.38 per share. SHPG’s profit will be $1.07 billion for 11.96 P/E if the $3.61 EPS becomes a reality. After $3.63 actual earnings per share reported by Shire PLC (ADR) for the previous quarter, Wall Street now forecasts -0.55% negative EPS growth.

Among 20 analysts covering Shire plc (ADR) (NASDAQ:SHPG), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Shire plc (ADR) had 30 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Shire PLC (ADR) (NASDAQ:SHPG) earned “Hold” rating by HSBC on Monday, September 26. As per Tuesday, June 28, the company rating was maintained by Goldman Sachs. The rating was initiated by Bryan Garnier & Cie on Monday, May 23 with “Buy”. The stock has “Outperform” rating by Northland Capital on Wednesday, October 14. On Friday, May 26 the stock rating was downgraded by Bernstein to “Hold”. JP Morgan maintained Shire PLC (ADR) (NASDAQ:SHPG) rating on Friday, May 20. JP Morgan has “Overweight” rating and $239 target. The rating was upgraded by Bank of America on Friday, January 15 to “Buy”. The firm has “Buy” rating by Jefferies given on Friday, June 3. As per Tuesday, October 27, the company rating was upgraded by HSBC. The stock has “Buy” rating by Societe Generale on Friday, December 2.

Tradition Capital Management Llc increased Stone Ridge All Asset Var Rsk stake by 53,582 shares to 1.10M valued at $11.56 million in 2016Q4. It also upped Lazard Ltd. (NYSE:LAZ) stake by 8,560 shares and now owns 65,094 shares. Medtronic Plc (NYSE:MDT) was raised too.

Odyssey Marine Exploration, Inc. is a deep-ocean exploration company. The company has market cap of $25.75 million. The Company’s techniques are applied to mineral exploration, shipwreck cargo recovery, and other marine survey and exploration charter services. It currently has negative earnings. The Firm is engaged in discovering shipwreck sites in the deep ocean and conducting archaeological excavations with remotely operated vehicles (ROVs).