Pacific Alternative Asset Management Company LLC Stake in Raytheon Co (RTN) Has Upped as Market Valuation Rose

February 15, 2018 - By Dolores Ford

Investors sentiment increased to 1.21 in 2017 Q3. Its up 0.09, from 1.12 in 2017Q2. It is positive, as 42 investors sold RTN shares while 343 reduced holdings. 118 funds opened positions while 346 raised stakes. 205.51 million shares or 1.55% less from 208.75 million shares in 2017Q2 were reported. Wealthcare Capital Mgmt Ltd Liability Corp, a Virginia-based fund reported 15 shares. Sasco Ct reported 5.03% of its portfolio in Raytheon Company (NYSE:RTN). Centurylink Invest Mngmt holds 0.49% of its portfolio in Raytheon Company (NYSE:RTN) for 8,118 shares. Fiduciary owns 20,592 shares. Cornerstone Capital Mgmt Ltd Co invested 0.09% of its portfolio in Raytheon Company (NYSE:RTN). Piedmont Investment Advsrs Limited Liability Company stated it has 0.25% in Raytheon Company (NYSE:RTN). Advisory Services Limited Co has 11,479 shares. Woodley Farra Manion Port Mgmt stated it has 32,888 shares. Lourd Cap Llc invested 0.03% in Raytheon Company (NYSE:RTN). Endurance Wealth holds 0.04% or 1,155 shares in its portfolio. Private reported 46,933 shares or 2.99% of all its holdings. 40,368 are owned by Cibc World Markets. Perkins Coie Trust holds 0% in Raytheon Company (NYSE:RTN) or 37 shares. Strs Ohio, Ohio-based fund reported 230,816 shares. Country Club Tru Na reported 51,252 shares stake.

Since August 14, 2017, it had 0 buys, and 5 selling transactions for $2.06 million activity. $718,217 worth of Raytheon Company (NYSE:RTN) was sold by Jimenez Frank R on Monday, January 29. $690,304 worth of Raytheon Company (NYSE:RTN) was sold by Lawrence Taylor W on Thursday, August 31. On Friday, January 26 the insider Wood Michael J sold $410,738. Clark Vernon E sold $149,378 worth of stock.

Pacific Alternative Asset Management Company Llc increased its stake in Raytheon Co (RTN) by 246.27% based on its latest 2017Q3 regulatory filing with the SEC. Pacific Alternative Asset Management Company Llc bought 16,424 shares as the company’s stock rose 4.85% with the market. The hedge fund held 23,093 shares of the industrial machinery and components company at the end of 2017Q3, valued at $4.31M, up from 6,669 at the end of the previous reported quarter. Pacific Alternative Asset Management Company Llc who had been investing in Raytheon Co for a number of months, seems to be bullish on the $62.93B market cap company. The stock increased 2.39% or $5.09 during the last trading session, reaching $217.67. About 1.66M shares traded or 6.63% up from the average. Raytheon Company (NYSE:RTN) has risen 24.03% since February 15, 2017 and is uptrending. It has outperformed by 7.33% the S&P500.

Pacific Alternative Asset Management Company Llc, which manages about $15.88 billion and $913.16M US Long portfolio, decreased its stake in Altaba Inc by 63,532 shares to 29,575 shares, valued at $1.96 million in 2017Q3, according to the filing.

More notable recent Raytheon Company (NYSE:RTN) news were published by: Pionline.com which released: “Raytheon to contribute $936 million to DB plans in 2018” on February 14, 2018, also Fool.com with their article: “Better Buy: Huntington Ingalls Industries, Inc. vs. Raytheon” published on February 06, 2018, Fool.com published: “Why Raytheon Company, Lockheed Martin Corporation, and Northrop Grumman …” on February 06, 2018. More interesting news about Raytheon Company (NYSE:RTN) were released by: Prnewswire.com and their article: “Raytheon executives to speak at Cowen and Company 39th Annual Aerospace …” published on January 30, 2018 as well as Prnewswire.com‘s news article titled: “Raytheon names Kelsey DeBriyn vice president, Investor Relations” with publication date: February 06, 2018.

Raytheon Company (NYSE:RTN) Ratings Coverage

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company had 75 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Buy” rating by Buckingham Research on Friday, August 11. Robert W. Baird maintained the shares of RTN in report on Friday, January 26 with “Buy” rating. RBC Capital Markets maintained it with “Top Pick” rating and $133 target in Friday, October 23 report. On Thursday, July 27 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, October 8. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Thursday, August 10 by Cowen & Co. The company was maintained on Friday, January 29 by RBC Capital Markets. Barclays Capital downgraded it to “Equal-Weight” rating and $125 target in Monday, November 30 report. The stock has “Hold” rating by J.P. Morgan on Tuesday, December 12. Robert W. Baird initiated Raytheon Company (NYSE:RTN) rating on Thursday, October 6. Robert W. Baird has “Outperform” rating and $170 target.

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