Sawgrass Asset Management Raised By $12.04 Million Its Abbvie I (ABBV) Holding; Pam Transportation Services Has 0.44 Sentiment

November 15, 2017 - By wolcottdaily

P.A.M. Transportation Services, Inc

Sawgrass Asset Management Llc increased Abbvie I (ABBV) stake by 32.19% reported in 2017Q2 SEC filing. Sawgrass Asset Management Llc acquired 167,235 shares as Abbvie I (ABBV)’s stock rose 6.17%. The Sawgrass Asset Management Llc holds 686,682 shares with $49.79 million value, up from 519,447 last quarter. Abbvie I now has $151.04B valuation. The stock declined 0.95% or $0.9 reaching $93.85 on the news. About 39,433 shares traded. AbbVie Inc (NYSE:ABBV) has risen 10.63% since November 15, 2016 and is uptrending. It has underperformed by 6.07% the S&P500.

Pacific Ridge Capital Partners Llc holds 0.97% of its portfolio in P.A.M. Transportation Services, Inc. for 174,921 shares. Horrell Capital Management Inc. owns 27,941 shares or 0.31% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0.01% invested in the company for 39,662 shares. The New York-based Prelude Capital Management Llc has invested 0.01% in the stock. Renaissance Technologies Llc, a New York-based fund reported 335,700 shares.

Analysts await P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) to report earnings on February, 6. They expect $0.19 EPS, up 72.73% or $0.08 from last year’s $0.11 per share. PTSI’s profit will be $1.20 million for 47.32 P/E if the $0.19 EPS becomes a reality. After $0.54 actual EPS reported by P.A.M. Transportation Services, Inc. for the previous quarter, Wall Street now forecasts -64.81% negative EPS growth.

It closed at $35.96 lastly. It is down 13.34% since November 15, 2016 and is downtrending. It has underperformed by 30.04% the S&P500.

Investors sentiment increased to 1 in 2017 Q2. Its up 0.01, from 0.99 in 2017Q1. It is positive, as 55 investors sold ABBV shares while 581 reduced holdings. 138 funds opened positions while 500 raised stakes. 1.04 billion shares or 0.53% more from 1.04 billion shares in 2017Q1 were reported. M&R Capital Management reported 28,141 shares or 0.49% of all its holdings. Poplar Forest Capital Ltd Liability Corp reported 0.1% stake. Altavista Wealth Mngmt holds 4,329 shares. The Maryland-based Proshare Advsrs Ltd Com has invested 0.81% in AbbVie Inc (NYSE:ABBV). Schroder Inv Management Gru accumulated 0.45% or 3.46M shares. Fidelity Natl Financial stated it has 207,950 shares or 3.44% of all its holdings. 36,395 are held by A D Beadell Invest Counsel. Provident Trust owns 15,978 shares for 0.06% of their portfolio. Moreover, Hennessy Advsrs Incorporated has 0.26% invested in AbbVie Inc (NYSE:ABBV) for 116,200 shares. Nadler Inc has 0.27% invested in AbbVie Inc (NYSE:ABBV) for 11,090 shares. Rice Hall James Associates Ltd Llc holds 0.07% or 21,037 shares. 1.17M were reported by Citigroup Inc. Horseman Capital Mngmt holds 0.32% or 16,000 shares. 45,157 are owned by American Money Mngmt Limited Liability Company. Mirae Asset Global Investments Co Limited accumulated 73,644 shares or 0.09% of the stock.

Sawgrass Asset Management Llc decreased Coca Col (NYSE:KO) stake by 24,270 shares to 1.14M valued at $51.08M in 2017Q2. It also reduced Omnicom (NYSE:OMC) stake by 4,025 shares and now owns 230,146 shares. Johnson (NYSE:JNJ) was reduced too.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. Abbvie Inc had 66 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, June 8 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The firm has “Outperform” rating by Raymond James given on Friday, September 2. The company was maintained on Friday, October 23 by UBS. Cowen & Co maintained AbbVie Inc (NYSE:ABBV) rating on Friday, July 28. Cowen & Co has “Hold” rating and $7000 target. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, December 1. The company was downgraded on Monday, October 31 by Credit Suisse. Jefferies maintained AbbVie Inc (NYSE:ABBV) rating on Friday, September 15. Jefferies has “Buy” rating and $10 target. The firm earned “Buy” rating on Friday, August 18 by Jefferies. As per Friday, June 10, the company rating was downgraded by BMO Capital Markets. The rating was downgraded by JP Morgan on Thursday, September 8 to “Neutral”.

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