Permit Capital Upped Its Interdigital (IDCC) Position by $2.96 Million; Tesaro (TSRO) Holder Eulav Asset Management Has Upped Its Stake by $10.66 Million as Share Price Declined

August 10, 2018 - By Mark Babin

InterDigital, Inc. (NASDAQ:IDCC) Logo

Eulav Asset Management increased its stake in Tesaro Inc (TSRO) by 173.15% based on its latest 2018Q1 regulatory filing with the SEC. Eulav Asset Management bought 187,000 shares as the company’s stock declined 13.40% with the market. The institutional investor held 295,000 shares of the health care company at the end of 2018Q1, valued at $16.86 million, up from 108,000 at the end of the previous reported quarter. Eulav Asset Management 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 1.20 million 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 – TESARO: Data Support Unique and Convenient Dosing Schedule; 23/03/2018 – CHMP Grants Positive Opinion for Clovis Oncology’s Rubraca® (rucaparib) Tablets; 08/05/2018 – ONCOSEC EXPANDS RELATIONSHIP WITH MERCK, ANNOUNCES CLINICAL COLLABORATION TO EVALUATE COMBINATION OF IMMUNOPULSE IL-12 AND KEYTRUDA FOR TRIPLE NEGATIVE BREAST CANCER; 07/05/2018 – PROVECTUS BIOPHARMACEUTICALS COMPLETES ENROLLMENT OF PHASE 1B TRIAL OF PV-10 IN COMBINATION WITH KEYTRUDA® IN PATIENTS WITH ME; 08/05/2018 – ONCOSEC MEDICAL SAYS UNDER COLLABORATION AGREEMENT, ONCOSEC WILL SPONSOR, FUND STUDY AND MERCK WILL PROVIDE KEYTRUDA; 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…; 02/04/2018 – MYRIAD GENETICS INC – ASTRAZENECA AND MERCK ARE SEEKING APPROVAL OF LYNPARZA IN JAPAN FOR TREATING PATIENTS WITH BRCA-MUTATED METASTATIC BREAST CANCER; 21/05/2018 – Tesaro at American Society of Clinical Oncology June 4 (Correct); 03/05/2018 – TESARO 1Q REV. $49.7M, EST. $57.5M; 15/04/2018 – Updated Overall Survival Data for LYNPARZA® (olaparib) in gBRCA-mutated HER2-Negative Metastatic Breast Cancer Presented at AACR

Permit Capital Llc increased its stake in Interdigital Inc (IDCC) by 46.99% based on its latest 2018Q1 regulatory filing with the SEC. Permit Capital Llc bought 40,600 shares as the company’s stock rose 5.70% while stock markets declined. The hedge fund held 127,000 shares of the miscellaneous company at the end of 2018Q1, valued at $9.35M, up from 86,400 at the end of the previous reported quarter. Permit Capital Llc who had been investing in Interdigital Inc for a number of months, seems to be bullish on the $2.85 billion market cap company. The stock decreased 0.43% or $0.35 during the last trading session, reaching $81.8. About 126,984 shares traded. InterDigital, Inc. (NASDAQ:IDCC) has declined 3.68% since August 10, 2017 and is downtrending. It has underperformed by 16.25% the S&P500. Some Historical IDCC News: 26/04/2018 – INTERDIGITAL 1Q REV. $64.1M, EST. $69.6M (2 EST.); 26/04/2018 – INTERDIGITAL 1Q EPS 84C, EST. 24C (2 EST.); 23/05/2018 – InterDigital Presenting at Conference Tomorrow; 05/03/2018 – lnterDigital Announces Conversion Rate Adjustment to and Convertibility of 1.50% Senior Convertible Notes Due 2020; 24/05/2018 – lnterDigital Announces Webcast Details of Annual Meeting of Shareholders; 23/04/2018 – Eric Cohen Joins lnterDigital as Chief Development Officer; 17/05/2018 – 3 Years, 20 Companies, 18 Groundbreaking Experiments: 5G-Crosshaul Successfully Concludes Most Ambitious 5G Transport Network R&D Effort to Date; 09/03/2018 – InterDigital Board of Directors Declares Regular Quarterly Cash Dividend; 17/05/2018 – Henry Tirri Joins lnterDigital as Chief Technology Officer; 17/05/2018 – HENRY TIRRI JOINS INTERDIGITAL AS CHIEF TECH OFFICER

Eulav Asset Management, which manages about $2.35B and $2.09 billion US Long portfolio, decreased its stake in Adobe Sys Inc (NASDAQ:ADBE) by 3,000 shares to 48,000 shares, valued at $10.37 million in 2018Q1, according to the filing. It also reduced its holding in Asbury Automotive Group Inc (NYSE:ABG) by 10,900 shares in the quarter, leaving it with 10,300 shares, and cut its stake in Church & Dwight Inc (NYSE:CHD).

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. On Thursday, February 22 the stock rating was upgraded by Evercore to “Outperform”. On Wednesday, February 28 the stock rating was maintained by Leerink Swann with “Buy”. The rating was maintained by Bank of America with “Buy” on Friday, May 4. The firm has “Strong-Buy” rating by Raymond James given on Tuesday, September 1. FBR Capital downgraded the stock to “Mkt Perform” rating in Thursday, February 16 report. The stock of Tesaro, Inc. (NASDAQ:TSRO) earned “Hold” rating by Robert W. Baird on Friday, September 29. On Monday, June 5 the stock rating was maintained by Cowen & Co with “Hold”. The firm earned “Neutral” rating on Monday, February 27 by Robert W. Baird. As per Monday, June 5, the company rating was maintained by FBR Capital. Morgan Stanley maintained Tesaro, Inc. (NASDAQ:TSRO) on Wednesday, November 8 with “Overweight” rating.

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. First Allied Advisory Services Incorporated holds 0.01% or 5,700 shares. Neuberger Berman holds 0.01% of its portfolio in Tesaro, Inc. (NASDAQ:TSRO) for 149,157 shares. Raymond James holds 0% or 4,881 shares in its portfolio. Bnp Paribas Arbitrage Sa invested in 36,063 shares. Metropolitan Life Insurance Ny holds 2,773 shares or 0% of its portfolio. 316,000 are held by Cap Invsts. Kazazian Asset Mgmt invested in 0.62% or 10,408 shares. Massachusetts Financial Svcs Ma reported 76,063 shares. 260 are owned by Sei. Credit Suisse Ag stated it has 518,026 shares. Cornerstone Advsr holds 0% of its portfolio in Tesaro, Inc. (NASDAQ:TSRO) for 106 shares. The Colorado-based Public Employees Retirement Association Of Colorado has invested 0% in Tesaro, Inc. (NASDAQ:TSRO). Renaissance Technology Ltd Com has 0.01% invested in Tesaro, Inc. (NASDAQ:TSRO). Oppenheimer & holds 0.01% or 3,850 shares. Envestnet Asset Mgmt owns 0% invested in Tesaro, Inc. (NASDAQ:TSRO) for 1,706 shares.

Since March 1, 2018, it had 9 insider purchases, and 8 insider sales for $60.88 million activity. BASKETT FOREST had bought 145,532 shares worth $8.35 million on Friday, March 2. Shares for $141,265 were sold by PEARSON TIMOTHY R on Thursday, March 1. $99,224 worth of Tesaro, Inc. (NASDAQ:TSRO) was sold by Bogle Grant C.. 337 Tesaro, Inc. (NASDAQ:TSRO) shares with value of $18,488 were sold by Oliveira Orlando. $8.35M worth of stock was bought by Viswanathan Ravi on Friday, March 2. KERINS PATRICK J bought $6.68M worth of Tesaro, Inc. (NASDAQ:TSRO) on Friday, March 2.

More important 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 published article titled: “Premarket analyst action – healthcare”, Seekingalpha.com published: “Evaluation Of Tesaro: Fair Value And Acquisition Potential” on July 12, 2018. More interesting news about Tesaro, Inc. (NASDAQ:TSRO) was released by: Seekingalpha.com and their article: “TESARO’s (TSRO) CEO Lonnie Moulder on Q1 2018 Results – Earnings Call Transcript” with publication date: August 03, 2018.

More notable recent InterDigital, Inc. (NASDAQ:IDCC) news were published by: Globenewswire.com which released: “InterDigital Announces August 2018 Investor Conference Schedule” on August 01, 2018, also Nasdaq.com with their article: “InterDigital Announces Financial Results for Second Quarter 2018” published on August 02, 2018, Globenewswire.com published: “InterDigital Completes Acquisition of Technicolor Patent Licensing Business” on July 31, 2018. More interesting news about InterDigital, Inc. (NASDAQ:IDCC) were released by: Profitconfidential.com and their article: “IDCC Stock to Grow Further With 5G Growth” published on July 12, 2018 as well as Streetinsider.com‘s news article titled: “InterDigital (IDCC) Tops Q2 EPS by 11c, Revenues Beat” with publication date: August 02, 2018.

Investors sentiment increased to 1.21 in Q1 2018. Its up 0.04, from 1.17 in 2017Q4. It is positive, as 21 investors sold IDCC shares while 76 reduced holdings. 33 funds opened positions while 84 raised stakes. 24.72 million shares or 1.59% more from 24.33 million shares in 2017Q4 were reported. Orrstown Services accumulated 35 shares. Nj State Employees Deferred Compensation Plan invested in 9,000 shares. Fdx Advsrs holds 8,564 shares or 0.02% of its portfolio. Greenwich Wealth Mngmt Ltd has invested 0.03% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC). 18,000 are owned by Pub Sector Pension Board. Oberweis Asset Mngmt reported 3,880 shares stake. State Of Tennessee Treasury Department, Tennessee-based fund reported 90,000 shares. Stevens Capital Mngmt Ltd Partnership has 0.02% invested in InterDigital, Inc. (NASDAQ:IDCC). Cordasco holds 0.48% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC) for 6,000 shares. Proshare Advisors Ltd Liability Corporation reported 11,290 shares or 0.01% of all its holdings. Commonwealth Of Pennsylvania Public School Empls Retrmt holds 0.01% or 9,336 shares. Moreover, Signaturefd Limited Liability Corporation has 0% invested in InterDigital, Inc. (NASDAQ:IDCC) for 54 shares. Invesco Limited invested in 0% or 152,661 shares. Moreover, Swiss Bank has 0.01% invested in InterDigital, Inc. (NASDAQ:IDCC). Massachusetts-based State Street has invested 0.01% in InterDigital, Inc. (NASDAQ:IDCC).

InterDigital, Inc. (NASDAQ:IDCC) Institutional Positions Chart

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