First Midwest Bank Trust Division Raised Achaogen (AKAO) Stake; Ennis (EBF) Market Value Declined While Euclidean Technologies Management Cut Holding by $361,000

February 14, 2018 - By Hazel Jackson

First Midwest Bank Trust Division increased its stake in Achaogen Inc (AKAO) by 125.8% based on its latest 2017Q3 regulatory filing with the SEC. First Midwest Bank Trust Division bought 25,648 shares as the company’s stock rose 8.95% with the market. The institutional investor held 46,036 shares of the health care company at the end of 2017Q3, valued at $734,000, up from 20,388 at the end of the previous reported quarter. First Midwest Bank Trust Division who had been investing in Achaogen Inc for a number of months, seems to be bullish on the $462.51M market cap company. The stock decreased 0.64% or $0.07 during the last trading session, reaching $10.91. About 892,944 shares traded. Achaogen, Inc. (NASDAQ:AKAO) has risen 757.99% since February 14, 2017 and is uptrending. It has outperformed by 741.29% the S&P500.

Euclidean Technologies Management Llc decreased its stake in Ennis Inc (EBF) by 14.95% based on its latest 2017Q3 regulatory filing with the SEC. Euclidean Technologies Management Llc sold 19,000 shares as the company’s stock declined 2.94% while stock markets rallied. The hedge fund held 108,110 shares of the consumer services company at the end of 2017Q3, valued at $2.12 million, down from 127,110 at the end of the previous reported quarter. Euclidean Technologies Management Llc who had been investing in Ennis Inc for a number of months, seems to be less bullish one the $512.15M market cap company. The stock increased 1.26% or $0.25 during the last trading session, reaching $20.15. About 55,619 shares traded. Ennis, Inc. (NYSE:EBF) has risen 1.90% since February 14, 2017 and is uptrending. It has underperformed by 14.80% the S&P500.

Among 10 analysts covering Achaogen (NASDAQ:AKAO), 9 have Buy rating, 1 Sell and 0 Hold. Therefore 90% are positive. Achaogen had 21 analyst reports since March 16, 2016 according to SRatingsIntel. The stock has “Buy” rating by Needham on Friday, September 15. Wedbush upgraded the shares of AKAO in report on Tuesday, June 14 to “Outperform” rating. Cowen & Co downgraded Achaogen, Inc. (NASDAQ:AKAO) on Thursday, March 31 to “Market Perform” rating. On Monday, October 9 the stock rating was maintained by Leerink Swann with “Outperform”. As per Thursday, June 1, the company rating was maintained by Cowen & Co. As per Thursday, August 3, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating by Cowen & Co given on Tuesday, January 2. Stifel Nicolaus initiated the stock with “Buy” rating in Tuesday, February 7 report. The rating was upgraded by Cowen & Co to “Outperform” on Monday, November 28. Needham upgraded Achaogen, Inc. (NASDAQ:AKAO) rating on Tuesday, December 13. Needham has “Buy” rating and $19 target.

Since September 26, 2017, it had 2 insider buys, and 2 selling transactions for $1.72 million activity. Another trade for 3,576 shares valued at $57,180 was sold by Wise Blake. 1,146 shares were sold by LOEB GARY, worth $18,325 on Tuesday, September 26.

Investors sentiment decreased to 1.16 in Q3 2017. Its down 1.22, from 2.38 in 2017Q2. It dropped, as 23 investors sold AKAO shares while 20 reduced holdings. 14 funds opened positions while 36 raised stakes. 31.77 million shares or 0.83% less from 32.03 million shares in 2017Q2 were reported. 1.36 million were reported by Timessquare Limited Liability. Fmr Ltd Liability Com stated it has 5.06M shares. Awm Inv Com Inc, New York-based fund reported 120,200 shares. Group Inc Inc holds 0% in Achaogen, Inc. (NASDAQ:AKAO) or 19,445 shares. Lord Abbett And Ltd Llc holds 411,992 shares. Point72 Asset Mngmt Ltd Partnership owns 2.26M shares. Ameritas Investment Inc invested in 0% or 2,546 shares. Pennsylvania-based Hamilton Lane Advisors Ltd Company has invested 0.12% in Achaogen, Inc. (NASDAQ:AKAO). Aqr Mngmt Ltd reported 33,394 shares stake. Royal Bank Of Canada owns 3,491 shares. Cubist Systematic Strategies Ltd Co stated it has 0% in Achaogen, Inc. (NASDAQ:AKAO). Jpmorgan Chase has invested 0% in Achaogen, Inc. (NASDAQ:AKAO). 100,821 are held by Emory University. Td Asset Mgmt has invested 0% in Achaogen, Inc. (NASDAQ:AKAO). Price T Rowe Associates Md reported 938,876 shares or 0% of all its holdings.

First Midwest Bank Trust Division, which manages about $820.52M US Long portfolio, decreased its stake in Blackrock Inc (NYSE:BLK) by 1,473 shares to 1,262 shares, valued at $564,000 in 2017Q3, according to the filing. It also reduced its holding in Cummins Inc (NYSE:CMI) by 3,941 shares in the quarter, leaving it with 16,457 shares, and cut its stake in Danaher Corp Del (NYSE:DHR).

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