Camber Capital Management Has Lifted Tesaro (TSRO) Stake by $49.88 Million; Share Price Declined; Echo Global Logistics (ECHO) Valuation Were Volatile While Kennedy Capital Management Trimmed Holding by $665,172

August 10, 2018 - By Megan Stone

Echo Global Logistics, Inc. (NASDAQ:ECHO) Logo

Kennedy Capital Management Inc decreased its stake in Echo Global Logistics Inc (ECHO) by 8.35% based on its latest 2018Q1 regulatory filing with the SEC. Kennedy Capital Management Inc sold 24,636 shares as the company’s stock 0.00% . The institutional investor held 270,265 shares of the transportation company at the end of 2018Q1, valued at $7.46M, down from 294,901 at the end of the previous reported quarter. Kennedy Capital Management Inc who had been investing in Echo Global Logistics Inc for a number of months, seems to be less bullish one the $930.67M market cap company. The stock decreased 0.91% or $0.3 during the last trading session, reaching $32.6. About 444,067 shares traded or 14.32% up from the average. Echo Global Logistics, Inc. (NASDAQ:ECHO) has risen 48.00% since August 10, 2017 and is uptrending. It has outperformed by 35.43% the S&P500. Some Historical ECHO News: 22/04/2018 – DJ Echo Global Logistics Inc, Inst Holders, 1Q 2018 (ECHO); 26/04/2018 – Favorite short target $ECHO can always be depended on to disappoint with its free cash flow. Even in a tight freight env’t and “record sales” its margins contract and free cash barely grows; 25/04/2018 – Echo Global Logistics 1Q EPS 17c; 25/04/2018 – Echo Global Logistics Reports Record First Quarter Revenue; Up 39% Year over Year; 27/03/2018 – A. Duie Pyle Receives Regional LTL Carrier of the Year Award; 17/05/2018 – Echo Named to the 2018 Food Logistics’ Champions: Rock Stars of the Supply Chain; 26/04/2018 – ECHO GLOBAL LOGISTICS INC ECHO.O : JP MORGAN RAISES TARGET PRICE TO $37 FROM $35; 26/04/2018 – ECHO GLOBAL LOGISTICS INC ECHO.O : COWEN AND COMPANY RAISES TARGET PRICE TO $35 FROM $34; 25/04/2018 – Echo Global Logistics 1Q Rev $577.1M; 13/03/2018 – Echo Global at Company Marketing Hosted By Stephens Inc. Today

Camber Capital Management Llc increased its stake in Tesaro Inc (TSRO) by 102.94% based on its latest 2018Q1 regulatory filing with the SEC. Camber Capital Management Llc bought 875,000 shares as the company’s stock declined 13.40% with the market. The hedge fund held 1.73 million shares of the health care company at the end of 2018Q1, valued at $98.57M, up from 850,000 at the end of the previous reported quarter. Camber Capital Management Llc who had been investing in Tesaro Inc for a number of months, seems to be bullish on the $1.49 billion market cap company. The stock increased 1.23% or $0.33 during the last trading session, reaching $27.19. About 1.20M shares traded. Tesaro, Inc. (NASDAQ:TSRO) has declined 66.21% since August 10, 2017 and is downtrending. It has underperformed by 78.78% the S&P500. Some Historical TSRO News: 16/04/2018 – BIOTHERA PHARMACEUTICALS PRESENTS TRANSLATIONAL DATA FROM ONGOING CLINICAL TRIALS SHOWING IMPRIME PGG IN COMBINATION WITH MERCK’S KEYTRUDA® (PEMBROLIZUMAB) DRIVES INNATE AND ADAPTIVE IMMUNE; 16/05/2018 – Dynavax to Present New Data for SD-101 in Combination with KEYTRUDA® (pembrolizumab) at the 2018 American Society for Clinical Oncology Annual Meeting; 16/04/2018 – ASTRAZENECA PLC AZN.L – LYNPARZA TRIAL MET ITS PRIMARY ENDPOINT OF PROGRESSION-FREE SURVIVAL; 02/05/2018 – Franklin Templeton – Biotech Adds Nektar, Exits Tesaro; 09/04/2018 – Merck: Keytruda Monotherapy Meets Primary Endpoint in Phase 3 Study; 16/04/2018 – NEARLY 70 PCT OF KEYTRUDA PLUS CHEMOTHERAPY PATIENTS ALIVE AFTER 1 YEAR VS 49 PCT FOR CHEMO ALONE – DATA; 23/03/2018 – CHMP GRANTS POSITIVE OPINION FOR CLOVIS ONCOLOGY’S RUBRACA® (RU; 11/04/2018 – TESARO and Medison Enter Into Exclusive Distribution Agreement to Commercialize ZEJULA in Israel; 17/05/2018 – Eisai Announces Data at ASCO 2018 Annual Meeting Showcasing LENVIMA® (lenvatinib) and KEYTRUDA® (pembrolizumab) Combination Therapy Under Strategic Oncology Collaboration with Merck; 06/04/2018 – Clovis Oncology: Rubraca Approved in U.S. as Maintenance Treatment of Recurrent Ovarian Cance

Among 25 analysts covering Tesaro Inc (NASDAQ:TSRO), 15 have Buy rating, 1 Sell and 9 Hold. Therefore 60% are positive. Tesaro Inc had 84 analyst reports since August 24, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital with “Outperform” on Tuesday, December 27. On Tuesday, September 1 the stock rating was initiated by Raymond James with “Strong-Buy”. The rating was initiated by Citigroup with “Buy” on Thursday, March 17. The firm has “Hold” rating given on Monday, September 25 by Jefferies. Leerink Swann maintained Tesaro, Inc. (NASDAQ:TSRO) on Wednesday, August 9 with “Hold” rating. The rating was maintained by Leerink Swann on Wednesday, February 28 with “Buy”. The stock of Tesaro, Inc. (NASDAQ:TSRO) has “Overweight” rating given on Thursday, March 1 by Morgan Stanley. Bank of America maintained the stock with “Buy” rating in Friday, May 4 report. As per Friday, August 5, the company rating was maintained by Mizuho. Lake Street maintained Tesaro, Inc. (NASDAQ:TSRO) rating on Monday, November 7. Lake Street has “Buy” rating and $150 target.

More notable recent Tesaro, Inc. (NASDAQ:TSRO) news were published by: Seekingalpha.com which released: “Tesaro: Assessing The Turnaround Prospects Of An Underperforming Bioscience” on July 31, 2018, also Seekingalpha.com with their article: “Does Tesaro Really Deserve The Beatdown It’s Getting?” published on July 30, 2018, Seekingalpha.com published: “TESARO’s (TSRO) CEO Lonnie Moulder on Q1 2018 Results – Earnings Call Transcript” on August 03, 2018. More interesting news about Tesaro, Inc. (NASDAQ:TSRO) were released by: Seekingalpha.com and their article: “Premarket analyst action – healthcare” published on August 06, 2018 as well as Seekingalpha.com‘s news article titled: “Evaluation Of Tesaro: Fair Value And Acquisition Potential” with publication date: July 12, 2018.

Since March 1, 2018, it had 9 buys, and 8 insider sales for $60.88 million activity. Shares for $141,265 were sold by PEARSON TIMOTHY R on Thursday, March 1. KERINS PATRICK J bought $6.68M worth of Tesaro, Inc. (NASDAQ:TSRO) on Friday, March 2. The insider MOULDER LEON O JR bought $284,640. 116,445 shares were bought by BARRETT M JAMES, worth $6.68 million on Friday, March 2. NEW ENTERPRISE ASSOCIATES 13 LP bought $6.68 million worth of stock. $144,501 worth of Tesaro, Inc. (NASDAQ:TSRO) was sold by Farmer Joseph L on Thursday, March 1.

Investors sentiment increased to 1.14 in 2018 Q1. Its up 0.13, from 1.01 in 2017Q4. It improved, as 41 investors sold TSRO shares while 58 reduced holdings. 33 funds opened positions while 80 raised stakes. 60.57 million shares or 4.53% more from 57.95 million shares in 2017Q4 were reported. Old Mutual Customised Solutions (Proprietary) invested in 0.01% or 1,500 shares. Spark Investment Mngmt Ltd Liability Corporation owns 57,600 shares. Quantitative Invest Mngmt Ltd Liability Corp has invested 0.03% in Tesaro, Inc. (NASDAQ:TSRO). Element Cap Ltd Com has 0.29% invested in Tesaro, Inc. (NASDAQ:TSRO) for 218,079 shares. Vanguard invested in 3.16 million shares or 0.01% of the stock. American Grp Incorporated holds 0% or 2,099 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 8,900 shares. Ww Investors reported 0% stake. Victory Mgmt owns 12,000 shares. First Mercantile invested in 656 shares or 0.01% of the stock. Frontier Capital Management Commerce Ltd Com has 242,260 shares for 0.1% of their portfolio. Bb Biotech Ag invested in 1.63M shares or 2.57% of the stock. D E Shaw And owns 0% invested in Tesaro, Inc. (NASDAQ:TSRO) for 15,031 shares. The Arizona-based Tci Wealth Advsr has invested 0% in Tesaro, Inc. (NASDAQ:TSRO). Renaissance Techs Lc holds 0.01% of its portfolio in Tesaro, Inc. (NASDAQ:TSRO) for 186,500 shares.

Kennedy Capital Management Inc, which manages about $5.67B and $5.14B US Long portfolio, upped its stake in Centerpoint Energy Inc (NYSE:CNP) by 38,868 shares to 224,379 shares, valued at $6.15M in 2018Q1, according to the filing. It also increased its holding in Array Biopharma Inc (NASDAQ:ARRY) by 454,279 shares in the quarter, for a total of 763,467 shares, and has risen its stake in Hardinge Inc (NASDAQ:HDNG).

Analysts await Echo Global Logistics, Inc. (NASDAQ:ECHO) to report earnings on October, 24. They expect $0.38 earnings per share, up 65.22% or $0.15 from last year’s $0.23 per share. ECHO’s profit will be $10.85 million for 21.45 P/E if the $0.38 EPS becomes a reality. After $0.41 actual earnings per share reported by Echo Global Logistics, Inc. for the previous quarter, Wall Street now forecasts -7.32% negative EPS growth.

Among 15 analysts covering Echo Global Logistics (NASDAQ:ECHO), 9 have Buy rating, 2 Sell and 4 Hold. Therefore 60% are positive. Echo Global Logistics had 51 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Neutral” rating by UBS on Monday, July 11. The firm has “Buy” rating given on Wednesday, August 30 by Cowen & Co. Morgan Stanley downgraded Echo Global Logistics, Inc. (NASDAQ:ECHO) on Monday, August 7 to “Equal-Weight” rating. The rating was downgraded by TheStreet to “Hold” on Friday, September 4. Stifel Nicolaus maintained the shares of ECHO in report on Thursday, October 26 with “Buy” rating. As per Friday, August 28, the company rating was maintained by Barrington Research. Macquarie Research upgraded the shares of ECHO in report on Tuesday, August 11 to “Neutral” rating. UBS maintained the stock with “Sell” rating in Thursday, October 26 report. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) earned “Underweight” rating by Morgan Stanley on Tuesday, May 1. Macquarie Research downgraded the shares of ECHO in report on Thursday, December 14 to “Hold” rating.

Investors sentiment increased to 1.29 in Q1 2018. Its up 0.03, from 1.26 in 2017Q4. It increased, as 14 investors sold ECHO shares while 51 reduced holdings. 40 funds opened positions while 44 raised stakes. 26.25 million shares or 0.02% more from 26.25 million shares in 2017Q4 were reported. State Board Of Administration Of Florida Retirement Sys owns 0% invested in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 29,695 shares. Prudential Fincl, New Jersey-based fund reported 43,670 shares. Chicago Equity Partners has 0.03% invested in Echo Global Logistics, Inc. (NASDAQ:ECHO). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management holds 25,100 shares. New York-based Millennium Mgmt Ltd has invested 0.01% in Echo Global Logistics, Inc. (NASDAQ:ECHO). 35,400 were accumulated by California Pub Employees Retirement System. Moreover, Legal & General Public Limited Company has 0% invested in Echo Global Logistics, Inc. (NASDAQ:ECHO). Tiaa Cref Mngmt Lc reported 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO). 44 were reported by Parkside Fin Commercial Bank. Schwab Charles Invest Mgmt has invested 0.01% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Bogle Invest Limited Partnership De holds 0.31% or 147,337 shares in its portfolio. Meeder Asset Mgmt reported 171 shares. Rhumbline Advisers reported 0% stake. Granahan Invest Inc Ma stated it has 1.3% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Fmr Ltd Limited Liability Company accumulated 141,100 shares or 0% of the stock.

More recent Echo Global Logistics, Inc. (NASDAQ:ECHO) news were published by: Nasdaq.com which released: “Factors of Influence in 2018, Key Indicators and Opportunity within Casella Waste, Echo Global Logistics, ConnectOne …” on August 08, 2018. Also Nasdaq.com published the news titled: “Echo Global Logistics Named One of Chicago’s 2018 Best and Brightest Companies to Work For” on August 01, 2018. Nasdaq.com‘s news article titled: “Inbound Logistics Readers Vote Echo Global Logistics #1 in Service and Quality for the Second Year in a Row” with publication date: July 17, 2018 was also an interesting one.

Tesaro, Inc. (NASDAQ:TSRO) Institutional Positions Chart

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