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Medtronic (MDT) Holder Westend Advisors Has Trimmed Its Stake by $4.95 Billion; Baupost Group Has Cut Holding in Avis Budget Group (CAR) as Stock Declined

Westend Advisors Llc decreased its stake in Medtronic Inc. (MDT) by 10.04% based on its latest 2017Q3 regulatory filing with the SEC. Westend Advisors Llc sold 63,710 shares as the company’s stock rose 5.51% with the market. The institutional investor held 570,625 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q3, valued at $44.38B, down from 634,335 at the end of the previous reported quarter. Westend Advisors Llc who had been investing in Medtronic Inc. for a number of months, seems to be less bullish one the $108.60 billion market cap company. The stock decreased 0.35% or $0.28 during the last trading session, reaching $80.13. About 2.21 million shares traded. Medtronic plc (NYSE:MDT) has risen 4.04% since February 23, 2017 and is uptrending. It has underperformed by 12.66% the S&P500.

Seth Klarman decreased its stake in Avis Budget Group (CAR) by 74.08% based on its latest 2017Q3 regulatory filing with the SEC. Baupost Group Llc sold 2.96 million shares as the company’s stock declined 33.71% while stock markets rallied. The hedge fund run by Seth Klarman held 1.04M shares of the consumer services company at the end of 2017Q3, valued at $39.46 million, down from 4.00M at the end of the previous reported quarter. Baupost Group Llc who had been investing in Avis Budget Group for a number of months, seems to be less bullish one the $3.68B market cap company. The stock increased 2.33% or $1.03 during the last trading session, reaching $45.23. About 1.65 million shares traded. Avis Budget Group, Inc. (NASDAQ:CAR) has declined 14.90% since February 23, 2017 and is downtrending. It has underperformed by 31.60% the S&P500.

Among 11 analysts covering Avis Budget (NASDAQ:CAR), 7 have Buy rating, 2 Sell and 2 Hold. Therefore 64% are positive. Avis Budget had 35 analyst reports since August 5, 2015 according to SRatingsIntel. As per Wednesday, August 5, the company rating was maintained by Barclays Capital. The rating was maintained by Credit Suisse on Tuesday, April 12 with “Outperform”. The firm has “Neutral” rating given on Monday, October 24 by Goldman Sachs. Deutsche Bank maintained Avis Budget Group, Inc. (NASDAQ:CAR) rating on Thursday, August 4. Deutsche Bank has “Buy” rating and $45 target. The stock has “Hold” rating by Credit Suisse on Thursday, September 14. The stock has “Buy” rating by Deutsche Bank on Thursday, February 25. Goldman Sachs downgraded Avis Budget Group, Inc. (NASDAQ:CAR) on Wednesday, February 14 to “Sell” rating. Barclays Capital maintained it with “Equal-Weight” rating and $29 target in Thursday, February 25 report. On Friday, August 4 the stock rating was initiated by J.P. Morgan with “Buy”. On Thursday, February 25 the stock rating was maintained by M Partners with “Buy”.

Since August 31, 2017, it had 1 insider purchase, and 7 sales for $123.81 million activity. 3,000 shares were sold by Linnen Edward P, worth $108,270. Another trade for 1,500 shares valued at $52,530 was sold by Sweeney Stender E. Shares for $10.26 million were sold by NELSON RONALD L. Servodidio Mark J sold 29,000 shares worth $1.05M. 25,000 shares were sold by De Shon Larry D, worth $1.05M on Monday, October 30. $46,618 worth of stock was sold by Calabria David T on Wednesday, September 6.

Baupost Group Llc, which manages about $29.88B and $8.02B US Long portfolio, upped its stake in Antero Res Corp (NYSE:AR) by 2.74M shares to 23.91 million shares, valued at $475.85 million in 2017Q3, according to the filing. It also increased its holding in Theravance Biopharma Inc (NASDAQ:TBPH) by 35,177 shares in the quarter, for a total of 9.31 million shares, and has risen its stake in Allergan Plc.

Investors sentiment decreased to 0.58 in 2017 Q3. Its down 0.46, from 1.04 in 2017Q2. It dropped, as 45 investors sold CAR shares while 83 reduced holdings. 35 funds opened positions while 39 raised stakes. 110.63 million shares or 4.00% less from 115.24 million shares in 2017Q2 were reported. Moreover, Dimensional Fund Limited Partnership has 0.03% invested in Avis Budget Group, Inc. (NASDAQ:CAR). Advantus Cap Management has invested 0.01% in Avis Budget Group, Inc. (NASDAQ:CAR). Goldman Sachs Grp reported 1.83 million shares or 0.02% of all its holdings. Thrivent Fin For Lutherans accumulated 15,504 shares. Glenview Capital Ltd Liability Corp has invested 1.68% in Avis Budget Group, Inc. (NASDAQ:CAR). Amalgamated Bancorporation holds 0.01% or 10,268 shares. Federated Pa invested in 0.01% or 131,160 shares. Deprince Race Zollo Inc invested in 5,300 shares or 0% of the stock. 10,500 are held by Proshare Advsr Ltd. Sol Mngmt has invested 0.1% in Avis Budget Group, Inc. (NASDAQ:CAR). Next Group Inc accumulated 7 shares. State Treasurer State Of Michigan has invested 0.01% in Avis Budget Group, Inc. (NASDAQ:CAR). Geode Management Lc holds 0.01% or 675,001 shares in its portfolio. Ny State Teachers Retirement Sys has 0% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 1,200 shares. Globeflex Capital Ltd Partnership has invested 0.12% in Avis Budget Group, Inc. (NASDAQ:CAR).

Among 28 analysts covering Medtronic (NYSE:MDT), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 64% are positive. Medtronic had 81 analyst reports since August 10, 2015 according to SRatingsIntel. Needham maintained Medtronic plc (NYSE:MDT) rating on Tuesday, June 7. Needham has “Buy” rating and $93 target. The firm has “Buy” rating given on Thursday, June 2 by Deutsche Bank. Credit Suisse maintained Medtronic plc (NYSE:MDT) rating on Monday, November 23. Credit Suisse has “Outperform” rating and $85 target. The firm earned “Buy” rating on Wednesday, September 27 by Cowen & Co. Stifel Nicolaus maintained Medtronic plc (NYSE:MDT) rating on Tuesday, July 18. Stifel Nicolaus has “Hold” rating and $9100 target. RBC Capital Markets maintained the shares of MDT in report on Friday, September 22 with “Buy” rating. The firm has “Buy” rating by Citigroup given on Tuesday, August 23. The stock of Medtronic plc (NYSE:MDT) has “Equal-Weight” rating given on Monday, February 5 by Morgan Stanley. The rating was maintained by Needham on Monday, October 9 with “Buy”. Jefferies maintained Medtronic plc (NYSE:MDT) on Wednesday, August 23 with “Buy” rating.

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