As Tesaro INC (TSRO) Share Value Declined, Shareholder Blue Jay Capital Management LLC Lowered by $4.06 Million Its Stake

July 17, 2017 - By Michael Collier

Investors sentiment decreased to 1.19 in 2016 Q4. Its down 0.70, from 1.89 in 2016Q3. It dropped, as 34 investors sold TSRO shares while 64 reduced holdings. 40 funds opened positions while 77 raised stakes. 54.93 million shares or 6.78% more from 51.44 million shares in 2016Q3 were reported. Barclays Public Ltd Com stated it has 0% in TESARO Inc (NASDAQ:TSRO). Credit Suisse Ag invested in 0.01% or 86,378 shares. Parallax Volatility Advisers LP reported 13 shares. Cap Impact Ltd Liability Corp reported 0.38% in TESARO Inc (NASDAQ:TSRO). Ameritas Prns Inc invested in 0.02% or 2,415 shares. 2,250 are owned by Calvert Invest Management. Asset Mgmt Inc holds 2,628 shares. Tudor Et Al has 0.01% invested in TESARO Inc (NASDAQ:TSRO) for 2,401 shares. Sg Americas Lc has invested 0.02% of its portfolio in TESARO Inc (NASDAQ:TSRO). Columbia Ptnrs L L C Investment Management stated it has 60,846 shares or 0.73% of all its holdings. Shell Asset Mngmt Co accumulated 5,894 shares. Driehaus Capital Mngmt Ltd Llc invested in 7,271 shares. Nea Mgmt Co Limited Com owns 10.28 million shares or 54.94% of their US portfolio. Fred Alger Mngmt stated it has 95,575 shares or 0.07% of all its holdings. Guggenheim Cap Lc invested in 39,962 shares.

Since March 1, 2017, it had 0 insider buys, and 10 insider sales for $4.89 million activity. The insider Oliveira Orlando sold $44,225. Shares for $1.78M were sold by English Edward C on Monday, March 6. Huber Martin H. Jr. had sold 1,428 shares worth $253,627. Hedley Mary Lynne also sold $697,474 worth of TESARO Inc (NASDAQ:TSRO) on Wednesday, March 1. The insider Farmer Joseph L sold $257,357. 1,447 shares were sold by Bogle Grant C., worth $257,002 on Wednesday, March 1. PEARSON TIMOTHY R also sold $257,002 worth of TESARO Inc (NASDAQ:TSRO) shares.

Andrew Feldstein decreased its stake in Tesaro Inc (TSRO) by 25.25% based on its latest 2016Q4 regulatory filing with the SEC. Blue Jay Capital Management Llc sold 30,305 shares as the company’s stock declined 19.97% while stock markets rallied. The hedge fund run by Andrew Feldstein held 89,695 shares of the health care company at the end of 2016Q4, valued at $12.06M, down from 120,000 at the end of the previous reported quarter. Blue Jay Capital Management Llc who had been investing in Tesaro Inc for a number of months, seems to be less bullish one the $6.45 billion market cap company. The stock declined 2.94% or $3.71 reaching $122.46 per share. About 800,344 shares traded. TESARO Inc (NASDAQ:TSRO) has risen 254.28% since July 17, 2016 and is uptrending. It has outperformed by 237.58% the S&P500.

Blue Jay Capital Management Llc, which manages about $137.80 million and $165.72 million US Long portfolio, upped its stake in Qiagen Nv (NASDAQ:QGEN) by 138,572 shares to 438,572 shares, valued at $12.29M in 2016Q4, according to the filing.

More notable recent TESARO Inc (NASDAQ:TSRO) news were published by: Benzinga.com which released: “Wall Street’s M&A Chatter From July 13: Tesaro, Time, Frontier Communications …” on July 14, 2017, also Fool.com with their article: “Why Tesaro Inc. Stock Briefly Dipped Today” published on June 19, 2017, Seekingalpha.com published: “Tesaro Shows Good Potential With Major Approvals This Year” on July 12, 2017. More interesting news about TESARO Inc (NASDAQ:TSRO) were released by: Nasdaq.com and their article: “Is the Options Market Predicting a Spike in TESARO, Inc. (TSRO) Stock?” published on July 11, 2017 as well as Barrons.com‘s news article titled: “Tesaro: Why Gabelli Sees 20%+ Upside” with publication date: July 07, 2017.

TESARO Inc (NASDAQ:TSRO) Ratings Coverage

Among 19 analysts covering Tesaro Inc (NASDAQ:TSRO), 12 have Buy rating, 1 Sell and 6 Hold. Therefore 63% are positive. Tesaro Inc had 43 analyst reports since August 24, 2015 according to SRatingsIntel. Wedbush initiated the shares of TSRO in report on Thursday, January 21 with “Outperform” rating. Leerink Swann initiated it with “Outperform” rating and $69 target in Monday, August 24 report. The firm has “Outperform” rating by Wedbush given on Monday, October 10. Credit Suisse initiated it with “Outperform” rating and $56 target in Friday, May 13 report. As per Thursday, March 17, the company rating was initiated by Citigroup. Cowen & Co maintained the shares of TSRO in report on Monday, June 5 with “Hold” rating. The company was initiated on Wednesday, April 13 by FBR Capital. The company was initiated on Friday, December 4 by Wells Fargo. The firm has “Sell” rating by Zacks given on Tuesday, September 1. The rating was maintained by Leerink Swann with “Outperform” on Monday, October 10.

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