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Dalton Investments Boosted Its Dr Reddys Labs LTD (RDY) Holding; Blackrock Income Trust (BKT) Has 0.91 Sentiment

Dr. Reddy's Laboratories Limited (NYSE:RDY) Logo

Blackrock Income Trust Inc (BKT) investors sentiment decreased to 0.91 in Q4 2017. It’s down -0.47, from 1.38 in 2017Q3. The ratio has dropped, as 21 investment managers increased or opened new holdings, while 23 sold and decreased their stakes in Blackrock Income Trust Inc. The investment managers in our database now own: 32.65 million shares, up from 32.11 million shares in 2017Q3. Also, the number of investment managers holding Blackrock Income Trust Inc in top ten holdings decreased from 2 to 1 for a decrease of 1. Sold All: 7 Reduced: 16 Increased: 12 New Position: 9.

Dalton Investments Llc increased Dr Reddys Labs Ltd (RDY) stake by 10.63% reported in 2017Q4 SEC filing. Dalton Investments Llc acquired 22,000 shares as Dr Reddys Labs Ltd (RDY)’s stock declined 9.49%. The Dalton Investments Llc holds 229,000 shares with $8.60 million value, up from 207,000 last quarter. Dr Reddys Labs Ltd now has $5.27 billion valuation. The stock decreased 0.12% or $0.04 during the last trading session, reaching $32.31. About 449,207 shares traded or 43.16% up from the average. Dr. Reddy's Laboratories Limited (NYSE:RDY) has declined 18.86% since April 15, 2017 and is downtrending. It has underperformed by 30.41% the S&P500.

Karpus Management Inc. holds 2.45% of its portfolio in BlackRock Income Trust, Inc. for 8.60 million shares. Sit Investment Associates Inc owns 8.41 million shares or 1.24% of their US portfolio. Moreover, 1607 Capital Partners Llc has 0.55% invested in the company for 1.59 million shares. The Colorado-based Icon Advisers Inc Co has invested 0.39% in the stock. Cue Financial Group Inc., a Arizona-based fund reported 34,305 shares.

The stock 0.06% or $0 during the last trading session, reaching $5.82. It is down 5.19% since April 15, 2017 and is downtrending. It has underperformed by 16.74% the S&P500.

Among 7 analysts covering Dr. Reddy’s (NYSE:RDY), 1 have Buy rating, 4 Sell and 2 Hold. Therefore 14% are positive. Dr. Reddy’s had 9 analyst reports since November 10, 2015 according to SRatingsIntel. On Friday, September 1 the stock rating was maintained by Jefferies with “Sell”. Jefferies maintained Dr. Reddy's Laboratories Limited (NYSE:RDY) on Wednesday, November 1 with “Underperform” rating. The company was initiated on Monday, May 2 by Goldman Sachs. The stock has “Reduce” rating by HSBC on Wednesday, July 27. The rating was downgraded by Citigroup to “Neutral” on Tuesday, November 10. The firm earned “Overweight” rating on Thursday, September 21 by Morgan Stanley. The rating was downgraded by CLSA on Friday, July 28 to “Sell”. The firm earned “Sell” rating on Wednesday, December 2 by Deutsche Bank. The stock of Dr. Reddy's Laboratories Limited (NYSE:RDY) has “Underperform” rating given on Wednesday, July 27 by Jefferies.

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