Springbok Capital Management Cut By $946,358 Its Raytheon Co (RTN) Position; Surmodics (SRDX) Sentiment Is 1

November 14, 2017 - By Louis Casey

Springbok Capital Management Llc decreased Raytheon Co (RTN) stake by 67.11% reported in 2017Q2 SEC filing. Springbok Capital Management Llc sold 5,878 shares as Raytheon Co (RTN)’s stock rose 4.85%. The Springbok Capital Management Llc holds 2,881 shares with $465,000 value, down from 8,759 last quarter. Raytheon Co now has $53.30 billion valuation. The stock declined 0.05% or $0.09 reaching $184.37 per share. About 495,904 shares traded. Raytheon Company (NYSE:RTN) has risen 24.03% since November 14, 2016 and is uptrending. It has outperformed by 7.33% the S&P500.

Surmodics, Inc. is a provider of medical device and in vitro diagnostic technologies to the healthcare industry. The company has market cap of $382.81 million. The Firm operates through two divisions: Medical Device and In Vitro Diagnostics. It has a 99.85 P/E ratio. The Company’s Medical Device segment consists of surface modification coating technologies to improve access, deliverability and predictable deployment of medical devices; international cardiology and peripheral balloon design, development and manufacturing, as well as drug delivery coating technologies to provide site-specific drug delivery from the surface of a medical device.

Analysts await SurModics, Inc. (NASDAQ:SRDX) to report earnings on February, 1. They expect $0.01 earnings per share, down 94.74% or $0.18 from last year’s $0.19 per share. SRDX’s profit will be $131,099 for 730.00 P/E if the $0.01 EPS becomes a reality. After $0.18 actual earnings per share reported by SurModics, Inc. for the previous quarter, Wall Street now forecasts -94.44% negative EPS growth.

Since January 1, 0001, it had 0 insider buys, and 3 selling transactions for $123,573 activity.

Trigran Investments Inc. holds 9.08% of its portfolio in SurModics, Inc. for 1.26 million shares. Murphy Pohlad Asset Management Llc owns 64,500 shares or 1.34% of their US portfolio. Moreover, Teton Advisors Inc. has 0.77% invested in the company for 276,792 shares. The California-based Menta Capital Llc has invested 0.2% in the stock. Rice Hall James & Associates Llc, a California-based fund reported 109,965 shares.

About 7,084 shares traded. SurModics, Inc. (SRDX) has risen 6.57% since November 14, 2016 and is uptrending. It has underperformed by 10.13% the S&P500.

Since May 30, 2017, it had 0 insider buys, and 5 selling transactions for $3.07 million activity. $446,577 worth of Raytheon Company (NYSE:RTN) was sold by Lawrence Taylor W. RHOADS REBECCA R had sold 3,029 shares worth $493,666 on Monday, June 5. 1,010 shares were sold by Kremer Wesley D, worth $164,731. 1,442 shares were sold by Wood Michael J, worth $235,017. Another trade for 10,703 shares valued at $1.73M was sold by Kennedy Thomas A.

Among 20 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 2 Hold. Therefore 85% are positive. Raytheon Company had 64 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Thursday, November 12 by Argus Research. The rating was maintained by Cowen & Co on Monday, September 18 with “Buy”. The firm has “Top Pick” rating by RBC Capital Markets given on Friday, April 29. RBC Capital Markets maintained Raytheon Company (NYSE:RTN) on Wednesday, September 2 with “Buy” rating. Bank of America upgraded the stock to “Buy” rating in Tuesday, August 1 report. Bank of America maintained it with “Buy” rating and $220.0 target in Friday, October 27 report. Robert W. Baird maintained it with “Buy” rating and $212.0 target in Monday, October 23 report. Jefferies maintained the shares of RTN in report on Friday, September 29 with “Buy” rating. The firm earned “Buy” rating on Tuesday, July 28 by Bank of America. On Monday, August 28 the stock rating was maintained by RBC Capital Markets with “Buy”.

Springbok Capital Management Llc increased Ishares Tr (Put) (TLT) stake by 4,100 shares to 35,000 valued at $4.38 million in 2017Q2. It also upped Astoria Finl Corp (NYSE:AF) stake by 221,803 shares and now owns 243,300 shares. U S Silica Hldgs Inc (NYSE:SLCA) was raised too.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on January, 25. They expect $2.03 EPS, up 7.98% or $0.15 from last year’s $1.88 per share. RTN’s profit will be $586.86M for 22.71 P/E if the $2.03 EPS becomes a reality. After $1.97 actual EPS reported by Raytheon Company for the previous quarter, Wall Street now forecasts 3.05% EPS growth.

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