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National Asset Management Lowered Wellcare Health Plans (WCG) Position by $326,022; Stock Value Declined; Avis Budget Group (CAR) Shares Rose While Slate Path Capital LP Has Trimmed Position

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National Asset Management Inc decreased its stake in Wellcare Health Plans Inc (WCG) by 50.31% based on its latest 2017Q4 regulatory filing with the SEC. National Asset Management Inc sold 1,622 shares as the company’s stock declined 4.59% with the market. The institutional investor held 1,602 shares of the health care company at the end of 2017Q4, valued at $323,000, down from 3,224 at the end of the previous reported quarter. National Asset Management Inc who had been investing in Wellcare Health Plans Inc for a number of months, seems to be less bullish one the $9.81 billion market cap company. The stock increased 0.97% or $2.11 during the last trading session, reaching $219.2. About 18,248 shares traded. WellCare Health Plans, Inc. (NYSE:WCG) has risen 36.99% since May 17, 2017 and is uptrending. It has outperformed by 25.44% the S&P500.

David Greenspan decreased its stake in Avis Budget Group (CAR) by 25.07% based on its latest 2017Q4 regulatory filing with the SEC. Slate Path Capital Lp sold 855,000 shares as the company’s stock rose 3.94% while stock markets declined. The hedge fund run by David Greenspan held 2.56M shares of the consumer services company at the end of 2017Q4, valued at $112.11 million, down from 3.41 million at the end of the previous reported quarter. Slate Path Capital Lp who had been investing in Avis Budget Group for a number of months, seems to be less bullish one the $3.61 billion market cap company. The stock increased 1.46% or $0.639 during the last trading session, reaching $44.459. About 141,578 shares traded. Avis Budget Group, Inc. (NASDAQ:CAR) has risen 66.28% since May 17, 2017 and is uptrending. It has outperformed by 54.73% the S&P500.

Analysts await WellCare Health Plans, Inc. (NYSE:WCG) to report earnings on August, 3. They expect $3.00 earnings per share, up 19.05% or $0.48 from last year’s $2.52 per share. WCG’s profit will be $134.26M for 18.27 P/E if the $3.00 EPS becomes a reality. After $2.47 actual earnings per share reported by WellCare Health Plans, Inc. for the previous quarter, Wall Street now forecasts 21.46% EPS growth.

National Asset Management Inc, which manages about $740.07 million US Long portfolio, upped its stake in Boulder Growth & Income Fd I (BIF) by 658,829 shares to 720,188 shares, valued at $7.99M in 2017Q4, according to the filing. It also increased its holding in Home Depot Inc (NYSE:HD) by 2,335 shares in the quarter, for a total of 28,150 shares, and has risen its stake in Ishares Tr (SIZE).

Among 19 analysts covering Wellcare Health Plans Inc. (NYSE:WCG), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Wellcare Health Plans Inc. had 53 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Wednesday, January 3 with “Hold”. Leerink Swann maintained the stock with “Buy” rating in Thursday, June 22 report. Jefferies maintained it with “Hold” rating and $17000 target in Wednesday, June 7 report. As per Wednesday, September 20, the company rating was maintained by Jefferies. Deutsche Bank maintained WellCare Health Plans, Inc. (NYSE:WCG) rating on Thursday, July 13. Deutsche Bank has “Buy” rating and $192 target. The company was maintained on Wednesday, May 2 by Morgan Stanley. The stock has “Buy” rating by Piper Jaffray on Tuesday, October 31. The rating was initiated by Cowen & Co with “Buy” on Monday, October 9. The stock of WellCare Health Plans, Inc. (NYSE:WCG) earned “Buy” rating by Cantor Fitzgerald on Tuesday, October 31. Morgan Stanley maintained WellCare Health Plans, Inc. (NYSE:WCG) on Thursday, November 2 with “Equal-Weight” rating.

Investors sentiment decreased to 1.13 in Q4 2017. Its down 0.02, from 1.15 in 2017Q3. It worsened, as 16 investors sold WCG shares while 116 reduced holdings. 60 funds opened positions while 89 raised stakes. 42.30 million shares or 2.83% less from 43.53 million shares in 2017Q3 were reported. Arizona State Retirement invested in 0.06% or 32,047 shares. Rafferty Asset Mngmt Ltd Limited Liability Company reported 3,841 shares. Clark Mngmt Grp Inc Inc has 4,985 shares. Earnest Limited Company accumulated 36 shares or 0% of the stock. Silvercrest Asset Mngmt Gru Ltd Liability has 3,500 shares for 0.01% of their portfolio. Ny State Common Retirement Fund holds 125,574 shares or 0.03% of its portfolio. Arrowstreet Capital LP invested in 0.12% or 248,949 shares. Aqr Management Ltd Co owns 0.28% invested in WellCare Health Plans, Inc. (NYSE:WCG) for 1.35M shares. Wright Serv holds 0.53% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG) for 7,876 shares. Motco invested 0% in WellCare Health Plans, Inc. (NYSE:WCG). Invesco invested in 250,038 shares. Magnetar Financial Limited Company holds 0.01% or 1,014 shares. State Of Tennessee Treasury Department holds 0.04% in WellCare Health Plans, Inc. (NYSE:WCG) or 50,000 shares. Swiss Bancorp holds 75,800 shares. Rhumbline Advisers stated it has 0.04% in WellCare Health Plans, Inc. (NYSE:WCG).

More important recent WellCare Health Plans, Inc. (NYSE:WCG) news were published by: Bizjournals.com which released: “Kiran Patel’s latest big deal is worth more than five times the sale of WellCare” on April 26, 2018, also Bizjournals.com published article titled: “How Tampa Bay’s startup community compares to the rest of the world”, Seekingalpha.com published: “WellCare Health Plans (WCG) Q1 2018 Results – Earnings Call Transcript” on May 01, 2018. More interesting news about WellCare Health Plans, Inc. (NYSE:WCG) was released by: Streetinsider.com and their article: “Aetna (AET) Trump Proposal Unlikely To Impact Managed Care – Cantor Fitzgerald” with publication date: May 14, 2018.

More notable recent Avis Budget Group, Inc. (NASDAQ:CAR) news were published by: Streetinsider.com which released: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” on May 15, 2018, also Nasdaq.com with their article: “Shares of Avis Budget Group Inc. Drop 11.6% Despite Strong First Quarter” published on May 03, 2018, Globenewswire.com published: “Avis Returns to Japan With Presence at Gateway Airports” on April 18, 2018. More interesting news about Avis Budget Group, Inc. (NASDAQ:CAR) were released by: Nasdaq.com and their article: “Avis Opens Car Sales Locations, Offering Previously-Owned Vehicles at Competitive Prices” published on May 09, 2018 as well as Nasdaq.com‘s news article titled: “Avis Budget Group Brings Connected Cars to Europe with Groupe PSA Partnership” with publication date: April 30, 2018.

Slate Path Capital Lp, which manages about $4.31 billion and $1.02 billion US Long portfolio, upped its stake in Hertz Global Hldgs Inc by 291,000 shares to 430,000 shares, valued at $9.50 million in 2017Q4, according to the filing.

Analysts await Avis Budget Group, Inc. (NASDAQ:CAR) to report earnings on August, 6. They expect $0.57 earnings per share, up 90.00% or $0.27 from last year’s $0.3 per share. CAR’s profit will be $46.32M for 19.50 P/E if the $0.57 EPS becomes a reality. After $-0.74 actual earnings per share reported by Avis Budget Group, Inc. for the previous quarter, Wall Street now forecasts -177.03% EPS growth.

Since December 8, 2017, it had 1 insider purchase, and 3 sales for $141.56 million activity. On Friday, December 8 the insider SRS Investment Management – LLC bought $141.96M. Linnen Edward P sold $225,600 worth of stock. $129,510 worth of Avis Budget Group, Inc. (NASDAQ:CAR) shares were sold by Sweeney Stender E.

Investors sentiment increased to 0.7 in Q4 2017. Its up 0.12, from 0.58 in 2017Q3. It is positive, as 39 investors sold CAR shares while 78 reduced holdings. 36 funds opened positions while 46 raised stakes. 100.88 million shares or 8.81% less from 110.63 million shares in 2017Q3 were reported. Ameritas Prtn holds 27,747 shares or 0.06% of its portfolio. Slate Path LP holds 11.03% or 2.56M shares in its portfolio. Public Sector Pension Inv Board accumulated 158,000 shares. Globeflex Ltd Partnership invested in 0.13% or 10,950 shares. Prudential Fincl holds 0.02% or 352,652 shares in its portfolio. Cubist Systematic Strategies Ltd Liability Company accumulated 12,884 shares. Tudor Invest Et Al reported 20,108 shares. Sei Investments reported 33 shares stake. 59,897 were accumulated by Mutual Of America Capital Management Ltd Liability Co. Aperio Gp Lc reported 0.01% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt invested in 0.01% or 22,200 shares. Moreover, Fmr Ltd Company has 0.04% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 7.53 million shares. Voya Inv Management Ltd Company invested 0% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR). Manufacturers Life Insurance Co The reported 171,538 shares. Northern Tru invested in 0.01% or 1.17 million shares.

Among 12 analysts covering Avis Budget (NASDAQ:CAR), 7 have Buy rating, 2 Sell and 3 Hold. Therefore 58% are positive. Avis Budget had 39 analyst reports since August 5, 2015 according to SRatingsIntel. J.P. Morgan initiated Avis Budget Group, Inc. (NASDAQ:CAR) on Friday, August 4 with “Buy” rating. M Partners maintained Avis Budget Group, Inc. (NASDAQ:CAR) on Monday, December 14 with “Buy” rating. The stock has “Equal Weight” rating by Barclays Capital on Tuesday, September 27. The firm earned “Outperform” rating on Friday, August 26 by Macquarie Research. On Thursday, October 12 the stock rating was maintained by M Partners with “Buy”. Barclays Capital maintained it with “Equal-Weight” rating and $35 target in Monday, February 22 report. Morgan Stanley maintained Avis Budget Group, Inc. (NASDAQ:CAR) rating on Friday, September 15. Morgan Stanley has “Underweight” rating and $21 target. The firm has “Neutral” rating given on Monday, October 24 by Goldman Sachs. The firm has “Equal-Weight” rating given on Wednesday, August 10 by Barclays Capital. The stock of Avis Budget Group, Inc. (NASDAQ:CAR) earned “Buy” rating by Deutsche Bank on Friday, February 23.

Avis Budget Group, Inc. (NASDAQ:CAR) Institutional Positions Chart

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