Ghost Tree Capital Has Trimmed Insmed (INSM) Stake as Share Value Rose; As Cabot Oil & Gas Com (COG) Shares Rose, Riggs Asset Managment Company Raised Position

February 17, 2018 - By Adrian Mccoy

Ken Greenberg decreased its stake in Insmed Inc (INSM) by 31.71% based on its latest 2017Q3 regulatory filing with the SEC. Ghost Tree Capital Llc sold 150,600 shares as the company’s stock rose 11.02% with the market. The hedge fund run by Ken Greenberg held 324,400 shares of the health care company at the end of 2017Q3, valued at $10.13M, down from 475,000 at the end of the previous reported quarter. Ghost Tree Capital Llc who had been investing in Insmed Inc for a number of months, seems to be less bullish one the $1.86B market cap company. The stock decreased 4.49% or $1.14 during the last trading session, reaching $24.23. About 728,415 shares traded. Insmed Incorporated (NASDAQ:INSM) has risen 57.88% since February 17, 2017 and is uptrending. It has outperformed by 41.18% the S&P500.

Riggs Asset Managment Company increased its stake in Cabot Oil & Gas Corp Com (COG) by 28.17% based on its latest 2017Q3 regulatory filing with the SEC. Riggs Asset Managment Company bought 17,947 shares as the company’s stock rose 1.60% with the market. The institutional investor held 81,646 shares of the oil & gas production company at the end of 2017Q3, valued at $2.18M, up from 63,699 at the end of the previous reported quarter. Riggs Asset Managment Company who had been investing in Cabot Oil & Gas Corp Com for a number of months, seems to be bullish on the $11.05 billion market cap company. The stock decreased 0.67% or $0.16 during the last trading session, reaching $23.89. About 5.41 million shares traded or 9.78% up from the average. Cabot Oil & Gas Corporation (NYSE:COG) has risen 1.25% since February 17, 2017 and is uptrending. It has underperformed by 15.45% the S&P500.

Since September 5, 2017, it had 0 buys, and 1 insider sale for $319,283 activity.

Riggs Asset Managment Company, which manages about $300.44M and $221.76M US Long portfolio, decreased its stake in Spdr S&P Semiconductor Etf (XSD) by 14,860 shares to 107,123 shares, valued at $7.02 million in 2017Q3, according to the filing. It also reduced its holding in Coresite Realty (NYSE:COR) by 25,584 shares in the quarter, leaving it with 57,395 shares, and cut its stake in Boeing Co (NYSE:BA).

Among 33 analysts covering Cabot Oil & Gas (NYSE:COG), 21 have Buy rating, 1 Sell and 11 Hold. Therefore 64% are positive. Cabot Oil & Gas had 106 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Cabot Oil & Gas Corporation (NYSE:COG) earned “Buy” rating by Cowen & Co on Friday, November 10. Williams Capital Group initiated it with “Buy” rating and $30 target in Monday, August 29 report. Tudor Pickering downgraded the stock to “Hold” rating in Friday, April 15 report. The stock of Cabot Oil & Gas Corporation (NYSE:COG) has “Hold” rating given on Wednesday, July 19 by Jefferies. The firm has “Sector Outperform” rating by Howard Weil given on Thursday, August 11. The firm has “Hold” rating by Jefferies given on Wednesday, April 19. The stock has “Hold” rating by Drexel Hamilton on Tuesday, November 7. Citigroup maintained the stock with “Neutral” rating in Monday, September 14 report. The firm earned “Equal Weight” rating on Monday, January 11 by Barclays Capital. The stock of Cabot Oil & Gas Corporation (NYSE:COG) has “Buy” rating given on Wednesday, September 28 by GMP Securities.

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.02, from 1.09 in 2017Q2. It fall, as 39 investors sold COG shares while 160 reduced holdings. 60 funds opened positions while 153 raised stakes. 435.56 million shares or 1.02% less from 440.03 million shares in 2017Q2 were reported. 836,171 are held by Altrinsic Glob Advisors Llc. Zwj Inv Counsel Inc, Georgia-based fund reported 14,970 shares. Louisiana State Employees Retirement System has 0.04% invested in Cabot Oil & Gas Corporation (NYSE:COG) for 28,900 shares. The Ontario – Canada-based Mackenzie Corp has invested 0.07% in Cabot Oil & Gas Corporation (NYSE:COG). Cambridge Inv Rech Advsrs holds 10,935 shares or 0% of its portfolio. Employees Retirement System Of Ohio reported 0.03% stake. 884,921 are held by Rhumbline Advisers. Cwm Ltd Liability Corp, a Nebraska-based fund reported 55,649 shares. Suntrust Banks Inc has invested 0% in Cabot Oil & Gas Corporation (NYSE:COG). Fmr Limited holds 0.1% or 31.09M shares. Barclays Public Ltd Com holds 0.01% of its portfolio in Cabot Oil & Gas Corporation (NYSE:COG) for 181,835 shares. Utah Retirement Systems holds 84,324 shares or 0.05% of its portfolio. Cadence Capital Management reported 17,727 shares. Lord Abbett And Co Ltd Liability Co owns 819,400 shares. California State Teachers Retirement invested 0.04% in Cabot Oil & Gas Corporation (NYSE:COG).

Investors sentiment increased to 3.74 in 2017 Q3. Its up 1.98, from 1.76 in 2017Q2. It improved, as 11 investors sold INSM shares while 16 reduced holdings. 44 funds opened positions while 57 raised stakes. 144.25 million shares or 160.06% more from 55.47 million shares in 2017Q2 were reported. Swiss Commercial Bank, Switzerland-based fund reported 116,800 shares. Gsa Partners Llp has 16,794 shares for 0.04% of their portfolio. Vanguard Group reported 4.67 million shares. Senzar Asset Mgmt Ltd Llc holds 238,700 shares. 118,925 are owned by California State Teachers Retirement Systems. California Employees Retirement System invested 0% in Insmed Incorporated (NASDAQ:INSM). Moore Capital Management Limited Partnership owns 50,000 shares. Parametric Assocs Ltd invested 0% in Insmed Incorporated (NASDAQ:INSM). Clearbridge Invests Limited Liability holds 1,376 shares. State Board Of Administration Of Florida Retirement has 0% invested in Insmed Incorporated (NASDAQ:INSM) for 29,601 shares. Northern stated it has 948,115 shares. First Manhattan Communications owns 25 shares. Cornerstone Management Holdg Limited Liability reported 40,808 shares. Driehaus Capital Limited Co holds 0.04% of its portfolio in Insmed Incorporated (NASDAQ:INSM) for 34,963 shares. Ellington Grp Incorporated holds 9,600 shares or 0.05% of its portfolio.

Since September 5, 2017, it had 0 insider buys, and 2 sales for $2.70 million activity. 45,000 shares valued at $1.34M were sold by HAYDEN DONALD J JR on Tuesday, September 5.

Ghost Tree Capital Llc, which manages about $470.91M US Long portfolio, upped its stake in Aquinox Pharmaceuticals Inc (NASDAQ:AQXP) by 100,000 shares to 400,000 shares, valued at $5.68M in 2017Q3, according to the filing. It also increased its holding in Neurocrine Biosciences Inc (NASDAQ:NBIX) by 75,000 shares in the quarter, for a total of 225,000 shares, and has risen its stake in Spark Therapeutics Inc (NASDAQ:ONCE).

Among 10 analysts covering Insmed (NASDAQ:INSM), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Insmed had 25 analyst reports since August 10, 2015 according to SRatingsIntel. Stifel Nicolaus upgraded Insmed Incorporated (NASDAQ:INSM) on Thursday, January 4 to “Buy” rating. As per Monday, October 30, the company rating was maintained by Robert W. Baird. The firm earned “Buy” rating on Wednesday, August 16 by Evercore. The stock has “Buy” rating by Zacks on Friday, September 4. The firm has “Buy” rating by Robert W. Baird given on Thursday, January 4. H.C. Wainwright maintained it with “Buy” rating and $3500 target in Thursday, July 20 report. The company was initiated on Tuesday, March 15 by Stifel Nicolaus. The company was maintained on Thursday, August 3 by Stifel Nicolaus. The company was maintained on Monday, November 6 by H.C. Wainwright. The rating was upgraded by Zacks to “Hold” on Thursday, August 20.

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