Qs Investors LLC Has Lowered Holding in Icon Plc (ICLR) by $3.01 Million as Stock Rose

February 15, 2018 - By Vivian Currie

Qs Investors Llc decreased its stake in Icon Plc (ICLR) by 23.25% based on its latest 2017Q3 regulatory filing with the SEC. Qs Investors Llc sold 26,666 shares as the company’s stock rose 5.08% with the market. The institutional investor held 88,031 shares of the commercial physical & biological resarch company at the end of 2017Q3, valued at $10.03M, down from 114,697 at the end of the previous reported quarter. Qs Investors Llc who had been investing in Icon Plc for a number of months, seems to be less bullish one the $6.18B market cap company. The stock increased 3.58% or $3.95 during the last trading session, reaching $114.14. About 275,438 shares traded. ICON Public Limited Company (NASDAQ:ICLR) has risen 40.78% since February 15, 2017 and is uptrending. It has outperformed by 24.08% the S&P500.

Qs Investors Llc, which manages about $4.98B and $12.33B US Long portfolio, upped its stake in Ishares Tr (PFF) by 104,944 shares to 2.01 million shares, valued at $77.95M in 2017Q3, according to the filing. It also increased its holding in Xcel Energy Inc (NYSE:XEL) by 98,955 shares in the quarter, for a total of 214,696 shares, and has risen its stake in Procter And Gamble Co (NYSE:PG).

More recent ICON Public Limited Company (NASDAQ:ICLR) news were published by: Streetinsider.com which released: “Form 6-K ICON PLC For: Feb 15” on February 15, 2018. Also Streetinsider.com published the news titled: “UPDATE: Evercore ISI Starts ICON plc (ICLR) at Outperform” on January 18, 2018. Benzinga.com‘s news article titled: “Earnings Scheduled For February 15, 2018” with publication date: February 15, 2018 was also an interesting one.

ICON Public Limited Company (NASDAQ:ICLR) Ratings Coverage

Among 12 analysts covering Icon plc (NASDAQ:ICLR), 8 have Buy rating, 1 Sell and 3 Hold. Therefore 67% are positive. Icon plc had 35 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of ICON Public Limited Company (NASDAQ:ICLR) has “Hold” rating given on Wednesday, July 27 by Jefferies. The firm earned “Outperform” rating on Friday, August 14 by Credit Suisse. Jefferies maintained ICON Public Limited Company (NASDAQ:ICLR) on Tuesday, January 9 with “Buy” rating. SunTrust maintained ICON Public Limited Company (NASDAQ:ICLR) rating on Monday, January 22. SunTrust has “Buy” rating and $133.0 target. The stock of ICON Public Limited Company (NASDAQ:ICLR) earned “Buy” rating by Evercore on Friday, October 14. The rating was maintained by Robert W. Baird with “Buy” on Thursday, June 8. On Tuesday, June 21 the stock rating was initiated by Credit Suisse with “Outperform”. The stock of ICON Public Limited Company (NASDAQ:ICLR) has “Hold” rating given on Friday, December 16 by Suntrust Robinson. Goldman Sachs upgraded the shares of ICLR in report on Friday, December 16 to “Buy” rating. Jefferies maintained the shares of ICLR in report on Monday, September 11 with “Buy” rating.

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