As First Solar (FSLR) Share Price Rose, Shareholder Guggenheim Capital Has Lifted Its Stake; Sageworth Trust Co Stake in Abbott Labs (ABT) Upped by $553,638 as Stock Price Declined

February 15, 2018 - By Peter Erickson

Sageworth Trust Co increased its stake in Abbott Labs (ABT) by 10.29% based on its latest 2017Q3 regulatory filing with the SEC. Sageworth Trust Co bought 10,446 shares as the company’s stock declined 3.42% while stock markets rallied. The institutional investor held 111,953 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $5.97 million, up from 101,507 at the end of the previous reported quarter. Sageworth Trust Co who had been investing in Abbott Labs for a number of months, seems to be bullish on the $103.13B market cap company. The stock increased 1.66% or $0.97 during the last trading session, reaching $59.25. About 2.07 million shares traded. Abbott Laboratories (NYSE:ABT) has risen 15.90% since February 15, 2017 and is uptrending. It has underperformed by 0.80% the S&P500.

Guggenheim Capital Llc increased its stake in First Solar Inc (FSLR) by 18.31% based on its latest 2017Q3 regulatory filing with the SEC. Guggenheim Capital Llc bought 137,527 shares as the company’s stock rose 4.31% with the market. The institutional investor held 888,739 shares of the technology company at the end of 2017Q3, valued at $40.77M, up from 751,212 at the end of the previous reported quarter. Guggenheim Capital Llc who had been investing in First Solar Inc for a number of months, seems to be bullish on the $6.87B market cap company. The stock increased 0.78% or $0.51 during the last trading session, reaching $65.75. About 830,344 shares traded. First Solar, Inc. (NASDAQ:FSLR) has declined 22.83% since February 15, 2017 and is downtrending. It has underperformed by 39.53% the S&P500.

Investors sentiment decreased to 0.87 in Q3 2017. Its down 0.01, from 0.88 in 2017Q2. It worsened, as 47 investors sold ABT shares while 563 reduced holdings. 111 funds opened positions while 421 raised stakes. 1.21 billion shares or 0.79% less from 1.22 billion shares in 2017Q2 were reported. 1,250 were reported by Monroe Financial Bank Mi. Kayne Anderson Rudnick Invest Mgmt Lc has invested 0.05% of its portfolio in Abbott Laboratories (NYSE:ABT). Heritage Mgmt Corp invested in 0.2% or 57,032 shares. Deutsche Savings Bank Ag owns 4.22M shares. Jackson Wealth Management Limited Com holds 0.46% of its portfolio in Abbott Laboratories (NYSE:ABT) for 30,499 shares. Sg Americas Ltd owns 63,653 shares. Trust Department Mb Finance Retail Bank N A holds 0.17% of its portfolio in Abbott Laboratories (NYSE:ABT) for 29,672 shares. Cohen Klingenstein Ltd Liability Company invested 0.05% of its portfolio in Abbott Laboratories (NYSE:ABT). Vaughan David Inc Il holds 1.29% in Abbott Laboratories (NYSE:ABT) or 493,723 shares. Primecap Mngmt Company Ca stated it has 14.71M shares. 2,225 are owned by Hanson Mcclain Incorporated. Shufro Rose Communication Ltd Liability accumulated 6,900 shares. Jarislowsky Fraser Ltd stated it has 2.39M shares. First Wilshire Securities Mgmt invested in 0.1% or 6,833 shares. Tdam Usa owns 156,846 shares for 0.49% of their portfolio.

Among 25 analysts covering Abbott Laboratories (NYSE:ABT), 18 have Buy rating, 0 Sell and 7 Hold. Therefore 72% are positive. Abbott Laboratories had 105 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Wednesday, October 7 by Barclays Capital. On Thursday, January 25 the stock rating was maintained by Morgan Stanley with “Overweight”. The stock of Abbott Laboratories (NYSE:ABT) earned “Hold” rating by BMO Capital Markets on Thursday, August 31. The firm has “Buy” rating given on Tuesday, March 15 by Jefferies. RBC Capital Markets maintained the shares of ABT in report on Monday, October 2 with “Buy” rating. The firm has “Market Perform” rating given on Tuesday, March 14 by BMO Capital Markets. The rating was maintained by Citigroup with “Neutral” on Thursday, October 19. The rating was upgraded by BMO Capital Markets on Tuesday, December 12 to “Outperform”. The rating was downgraded by William Blair to “Market Perform” on Friday, January 29. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, July 20.

Sageworth Trust Co, which manages about $531.54M US Long portfolio, decreased its stake in Ishares Tr (IWD) by 12,575 shares to 11,958 shares, valued at $1.42 million in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (IWO) by 2,035 shares in the quarter, leaving it with 235 shares, and cut its stake in Vanguard Index Fds (VOO).

Since August 16, 2017, it had 0 insider purchases, and 7 selling transactions for $31.71 million activity. Blaser Brian J also sold $1.73M worth of Abbott Laboratories (NYSE:ABT) on Wednesday, January 31. Salvadori Daniel Gesua Sive also sold $5.43 million worth of Abbott Laboratories (NYSE:ABT) on Monday, October 23. Ford Robert B sold $2.69M worth of stock or 42,665 shares. 52,700 shares were sold by Contreras Jaime, worth $2.74M on Friday, September 22.

Among 30 analysts covering First Solar Inc. (NASDAQ:FSLR), 12 have Buy rating, 4 Sell and 14 Hold. Therefore 40% are positive. First Solar Inc. had 77 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by Wells Fargo on Thursday, June 2. As per Thursday, March 31, the company rating was initiated by Mizuho. Roth Capital maintained it with “Buy” rating and $5500 target in Wednesday, July 26 report. The rating was downgraded by Standpoint Research to “Hold” on Thursday, February 25. The firm has “Outperform” rating given on Thursday, December 10 by Oppenheimer. The rating was downgraded by Needham on Thursday, December 10 to “Hold”. Robert W. Baird maintained First Solar, Inc. (NASDAQ:FSLR) rating on Friday, October 27. Robert W. Baird has “Hold” rating and $53.0 target. The firm earned “Buy” rating on Thursday, April 28 by Roth Capital. The stock has “Outperform” rating by Oppenheimer on Wednesday, September 9. The rating was upgraded by Robert W. Baird to “Outperform” on Monday, December 11.

Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.40, from 1.56 in 2017Q2. It worsened, as 48 investors sold FSLR shares while 83 reduced holdings. 61 funds opened positions while 91 raised stakes. 51.15 million shares or 30.07% less from 73.13 million shares in 2017Q2 were reported. Hanson & Doremus Inv Management holds 20,755 shares or 0.33% of its portfolio. Point72 Asset Ltd Partnership owns 58,000 shares for 0.01% of their portfolio. Commonwealth Of Pennsylvania School Empls Retrmt holds 11,881 shares. Parsec Financial Incorporated holds 0.02% or 5,125 shares. Enterprise Fincl holds 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR) for 78 shares. Georgia-based Invesco has invested 0% in First Solar, Inc. (NASDAQ:FSLR). Sei Invests holds 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR) for 7,265 shares. Evercore Wealth Mgmt Ltd Liability has invested 0% in First Solar, Inc. (NASDAQ:FSLR). Guinness Atkinson Asset Mgmt has 0.2% invested in First Solar, Inc. (NASDAQ:FSLR) for 7,000 shares. Northwestern Mutual Wealth Mgmt holds 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR) for 2,421 shares. Walleye Trading Ltd Liability invested in 61,905 shares or 0.01% of the stock. California State Teachers Retirement reported 0.01% stake. Prentiss Smith & Com accumulated 67,615 shares. Raymond James Associates owns 29,113 shares. 25 were accumulated by Allsquare Wealth Management Ltd Liability Company.

Since December 18, 2017, it had 0 buys, and 2 selling transactions for $1.83 million activity. $1.04 million worth of First Solar, Inc. (NASDAQ:FSLR) was sold by DeJong Philip.

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