Putnam Investments Increased Cummins (CMI) Holding By $34.17 Million; Last Week Rigel Pharmaceuticals, Inc. (RIGL) Coverage

February 16, 2018 - By Adrian Mccoy

Among 5 analysts covering Rigel Pharmaceuticals (NASDAQ:RIGL), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Rigel Pharmaceuticals had 18 analyst reports since August 8, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, January 19 by H.C. Wainwright. On Monday, May 16 the stock rating was maintained by Jefferies with “Buy”. The stock of Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) has “Buy” rating given on Wednesday, August 31 by H.C. Wainwright. The stock has “Overweight” rating by Piper Jaffray on Tuesday, August 30. As per Monday, November 6, the company rating was reinitiated by H.C. Wainwright. BMO Capital Markets maintained the stock with “Buy” rating in Wednesday, June 7 report. H.C. Wainwright maintained the stock with “Buy” rating in Monday, December 11 report. Piper Jaffray initiated Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) rating on Thursday, December 21. Piper Jaffray has “Buy” rating and $6.0 target. The stock has “Hold” rating by Zacks on Saturday, August 8. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, November 7. See Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) latest ratings:

02/02/2018 Broker: H.C. Wainwright Rating: Buy New Target: $7.0 Maintain
19/01/2018 Broker: H.C. Wainwright Rating: Buy New Target: $7.0 Maintain
21/12/2017 Broker: Piper Jaffray Rating: Buy New Target: $6.0 Initiate
15/12/2017 Broker: Cantor Fitzgerald Rating: Overweight New Target: $6 Initiates Coverage On
11/12/2017 Broker: H.C. Wainwright Rating: Buy New Target: $7.0 Maintain
07/11/2017 Broker: BMO Capital Markets Rating: Buy New Target: $6.0 Maintain
06/11/2017 Broker: H.C. Wainwright Old Rating: Buy New Rating: Buy New Target: $7 Reinitiate
02/10/2017 Broker: BMO Capital Markets Rating: Buy New Target: $5.0 Maintain
04/09/2017 Broker: Jefferies Rating: Buy New Target: $5.0 Maintain

Putnam Investments Llc increased Cummins Inc (CMI) stake by 27.66% reported in 2017Q3 SEC filing. Putnam Investments Llc acquired 203,380 shares as Cummins Inc (CMI)’s stock rose 1.30%. The Putnam Investments Llc holds 938,593 shares with $157.71M value, up from 735,213 last quarter. Cummins Inc now has $27.47 billion valuation. The stock increased 0.78% or $1.28 during the last trading session, reaching $166.3. About 1.08M shares traded. Cummins Inc. (NYSE:CMI) has risen 43.32% since February 16, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

The stock decreased 2.03% or $0.08 during the last trading session, reaching $3.87. About 471,708 shares traded. Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) has risen 4.56% since February 16, 2017 and is uptrending. It has underperformed by 12.14% the S&P500.

Rigel Pharmaceuticals, Inc., a clinical-stage biotechnology company, engages in the discovery and development of drugs in the therapeutic areas of immunology, oncology, and immuno-oncology. The company has market cap of $566.92 million. The companyÂ’s clinical programs include fostamatinib, an oral spleen tyrosine kinase inhibitor, which has completed Phase III clinical program for immune thrombocytopenia purpura; and Phase II clinical study for autoimmune hemolytic anemia and IgA nephropathy. It currently has negative earnings. It is also developing two oncology product candidates, which are in Phase I and Phase II.

Investors sentiment decreased to 1.39 in 2017 Q3. Its down 0.20, from 1.59 in 2017Q2. It dived, as 7 investors sold Rigel Pharmaceuticals, Inc. shares while 24 reduced holdings. 11 funds opened positions while 32 raised stakes. 104.32 million shares or 0.70% less from 105.05 million shares in 2017Q2 were reported. 1,950 were accumulated by Next Fin Group Incorporated. Bridgeway Cap Mngmt Inc holds 0% or 157,800 shares in its portfolio. Barclays Public Ltd Liability Corporation accumulated 168,297 shares. Legal General Public Ltd Co accumulated 0% or 30,605 shares. Wealthtrust holds 0% or 2,210 shares in its portfolio. State Of New Jersey Common Pension Fund D has invested 0.01% in Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL). Engineers Gate Manager Limited Partnership accumulated 31,434 shares. One Trading L P owns 4,738 shares. Voya Inv Mgmt Lc holds 0% or 53,661 shares in its portfolio. Palo Alto Invsts Ltd Liability Com accumulated 3.86 million shares. Morgan Stanley stated it has 179,384 shares or 0% of all its holdings. Great Point Prtn Ltd Liability Corporation invested in 9.11M shares. Metropolitan Life Ins Ny has invested 0% in Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL). Loring Wolcott & Coolidge Fiduciary Advsrs Limited Liability Partnership Ma stated it has 27 shares or 0% of all its holdings. California Public Employees Retirement Systems has 881,500 shares.

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.09, from 1.01 in 2017Q2. It improved, as 57 investors sold CMI shares while 253 reduced holdings. 92 funds opened positions while 249 raised stakes. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported. Warren Averett Asset Limited Company invested in 0.18% or 4,948 shares. Marshall Wace Limited Liability Partnership has 4,834 shares for 0.04% of their portfolio. Optimum Invest Advsr has invested 0.08% in Cummins Inc. (NYSE:CMI). Parametric Assoc Ltd Llc invested in 0.11% or 609,290 shares. Bank Of Montreal Can stated it has 0.23% of its portfolio in Cummins Inc. (NYSE:CMI). Tru Co Of Vermont, Vermont-based fund reported 1,971 shares. World Asset Management holds 15,024 shares. Private Advisor Gru Lc accumulated 6,796 shares. Raymond James And Assocs reported 206,367 shares stake. Florida-based Dreman Value Management L L C has invested 0% in Cummins Inc. (NYSE:CMI). Jacobs Levy Equity Mgmt Inc owns 15,010 shares or 0.05% of their US portfolio. Los Angeles Management Equity Inc owns 438,203 shares. Twin Capital Mgmt owns 22,580 shares for 0.2% of their portfolio. First Interstate Financial Bank reported 837 shares stake. Huntington Bancshares reported 2,851 shares.

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