Sprott Cut Its Tahoe Res (TAHO) Holding by $3.21 Million; Axogen (AXGN) Stake Increased by Next Century Growth Investors Llc

February 6, 2018 - By Winifred Garcia

Next Century Growth Investors Llc increased its stake in Axogen Inc (AXGN) by 24.32% based on its latest 2017Q3 regulatory filing with the SEC. Next Century Growth Investors Llc bought 128,488 shares as the company’s stock rose 35.94% with the market. The institutional investor held 656,766 shares of the health care company at the end of 2017Q3, valued at $12.71 million, up from 528,278 at the end of the previous reported quarter. Next Century Growth Investors Llc who had been investing in Axogen Inc for a number of months, seems to be bullish on the $864.28 million market cap company. The stock decreased 4.88% or $1.3 during the last trading session, reaching $25.35. About 521,236 shares traded or 63.83% up from the average. AxoGen, Inc. (NASDAQ:AXGN) has risen 181.49% since February 6, 2017 and is uptrending. It has outperformed by 164.79% the S&P500.

Eric Sprott decreased its stake in Tahoe Res Inc (TAHO) by 96.8% based on its latest 2017Q3 regulatory filing with the SEC. Sprott Inc sold 641,667 shares as the company’s stock rose 6.76% with the market. The hedge fund run by Eric Sprott held 21,234 shares of the basic industries company at the end of 2017Q3, valued at $112,000, down from 662,901 at the end of the previous reported quarter. Sprott Inc who had been investing in Tahoe Res Inc for a number of months, seems to be less bullish one the $1.27 billion market cap company. The stock decreased 1.19% or $0.05 during the last trading session, reaching $4.16. About 4.23M shares traded or 66.48% up from the average. Tahoe Resources Inc. (NYSE:TAHO) has declined 23.51% since February 6, 2017 and is downtrending. It has underperformed by 40.21% the S&P500.

Sprott Inc, which manages about $3.27B and $389.45M US Long portfolio, upped its stake in Gentex Corp (NASDAQ:GNTX) by 80,000 shares to 505,000 shares, valued at $10.00M in 2017Q3, according to the filing. It also increased its holding in Kennedy (NYSE:KW) by 41,351 shares in the quarter, for a total of 579,102 shares, and has risen its stake in Cirrus Logic Inc (NASDAQ:CRUS).

Among 9 analysts covering Tahoe Resources (NYSE:TAHO), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Tahoe Resources had 18 analyst reports since October 8, 2015 according to SRatingsIntel. The stock has “Hold” rating by Credit Suisse on Friday, July 7. The firm earned “Mkt Perform” rating on Friday, July 7 by Raymond James. The firm has “Outperform” rating given on Monday, December 12 by RBC Capital Markets. The firm has “Outperform” rating given on Wednesday, April 20 by Raymond James. Macquarie Research downgraded Tahoe Resources Inc. (NYSE:TAHO) on Friday, July 7 to “Neutral” rating. The firm earned “Outperform” rating on Friday, June 23 by Raymond James. TD Securities downgraded Tahoe Resources Inc. (NYSE:TAHO) on Thursday, July 6 to “Hold” rating. Bank of America initiated the shares of TAHO in report on Friday, April 15 with “Buy” rating. The firm has “Hold” rating given on Friday, January 26 by Credit Suisse. The rating was downgraded by IBC to “Neutral” on Thursday, January 19.

Among 8 analysts covering AxoGen (NASDAQ:AXGN), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AxoGen has $37.0 highest and $4 lowest target. $23.50’s average target is -7.30% below currents $25.35 stock price. AxoGen had 18 analyst reports since August 11, 2015 according to SRatingsIntel. Wedbush maintained the shares of AXGN in report on Tuesday, November 21 with “Buy” rating. Leerink Swann maintained it with “Outperform” rating and $30 target in Tuesday, November 21 report. Lake Street downgraded the stock to “Hold” rating in Thursday, November 3 report. The stock of AxoGen, Inc. (NASDAQ:AXGN) earned “Outperform” rating by Wedbush on Monday, November 7. Lake Street upgraded the shares of AXGN in report on Tuesday, November 22 to “Buy” rating. The firm has “Buy” rating by Roth Capital given on Monday, September 11. The firm has “Buy” rating given on Monday, January 8 by Cantor Fitzgerald. As per Monday, August 21, the company rating was maintained by Cantor Fitzgerald. The rating was upgraded by Zacks on Tuesday, August 11 to “Hold”. The rating was maintained by Wedbush with “Outperform” on Friday, August 28.

Next Century Growth Investors Llc, which manages about $3.86B and $833.72 million US Long portfolio, decreased its stake in Essent Group Ltd (NYSE:ESNT) by 20,161 shares to 12,957 shares, valued at $524,000 in 2017Q3, according to the filing. It also reduced its holding in Ultimate Software Group Inc. (NASDAQ:ULTI) by 7,696 shares in the quarter, leaving it with 26,615 shares, and cut its stake in Euronet Worldwide Inc (NASDAQ:EEFT).