Opus Point Partners Management Cut Alexion Pharmaceuticals (ALXN) Holding by $3.30 Million as Market Value Declined; Geosphere Capital Management Increased Continental Resources (CLR) Position by $380,000

February 17, 2018 - By Vivian Park

Opus Point Partners Management Llc decreased its stake in Alexion Pharmaceuticals Inc (ALXN) by 67.29% based on its latest 2017Q3 regulatory filing with the SEC. Opus Point Partners Management Llc sold 23,553 shares as the company’s stock declined 11.63% while stock markets rallied. The institutional investor held 11,447 shares of the health care company at the end of 2017Q3, valued at $1.61 million, down from 35,000 at the end of the previous reported quarter. Opus Point Partners Management Llc who had been investing in Alexion Pharmaceuticals Inc for a number of months, seems to be less bullish one the $26.71B market cap company. The stock decreased 1.83% or $2.24 during the last trading session, reaching $120.47. About 3.90 million shares traded or 81.82% up from the average. Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) has declined 18.12% since February 17, 2017 and is downtrending. It has underperformed by 34.82% the S&P500.

Arvind Sanger increased its stake in Continental Resources Inc (CLR) by 20% based on its latest 2017Q3 regulatory filing with the SEC. Geosphere Capital Management bought 10,000 shares as the company’s stock declined 7.27% while stock markets rallied. The hedge fund run by Arvind Sanger held 60,000 shares of the energy company at the end of 2017Q3, valued at $2.32M, up from 50,000 at the end of the previous reported quarter. Geosphere Capital Management who had been investing in Continental Resources Inc for a number of months, seems to be bullish on the $19.79 billion market cap company. The stock decreased 0.82% or $0.44 during the last trading session, reaching $53.33. About 4.51M shares traded or 114.85% up from the average. Continental Resources, Inc. (NYSE:CLR) has risen 4.05% since February 17, 2017 and is uptrending. It has underperformed by 12.65% the S&P500.

Among 38 analysts covering Continental Resources Inc. (NYSE:CLR), 27 have Buy rating, 0 Sell and 11 Hold. Therefore 71% are positive. Continental Resources Inc. had 147 analyst reports since July 21, 2015 according to SRatingsIntel. PiperJaffray maintained the stock with “Overweight” rating in Monday, September 18 report. Imperial Capital upgraded Continental Resources, Inc. (NYSE:CLR) on Thursday, November 9 to “Outperform” rating. On Monday, January 29 the stock rating was maintained by Stifel Nicolaus with “Buy”. The company was initiated on Monday, June 6 by Credit Suisse. Howard Weil upgraded the stock to “Sector Outperform” rating in Friday, August 14 report. The stock of Continental Resources, Inc. (NYSE:CLR) has “Buy” rating given on Friday, August 25 by Stifel Nicolaus. FBR Capital initiated it with “Buy” rating and $78.0 target in Monday, February 5 report. Jefferies maintained Continental Resources, Inc. (NYSE:CLR) rating on Tuesday, January 30. Jefferies has “Buy” rating and $68.0 target. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Buy” rating by SunTrust on Tuesday, January 2. The rating was maintained by Nomura with “Buy” on Thursday, August 25.

Since December 13, 2017, it had 0 insider buys, and 1 sale for $958,024 activity.

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.31, from 1.08 in 2017Q2. It turned negative, as 42 investors sold CLR shares while 107 reduced holdings. 38 funds opened positions while 77 raised stakes. 82.82 million shares or 3.64% less from 85.95 million shares in 2017Q2 were reported. Deprince Race & Zollo accumulated 10,000 shares or 0.01% of the stock. Weiss Multi has invested 0.53% of its portfolio in Continental Resources, Inc. (NYSE:CLR). Johnson Counsel has invested 0.01% in Continental Resources, Inc. (NYSE:CLR). North Star Invest Mgmt owns 0% invested in Continental Resources, Inc. (NYSE:CLR) for 200 shares. Robeco Institutional Asset Bv invested 0% in Continental Resources, Inc. (NYSE:CLR). Peak6 Investments Lp, a Illinois-based fund reported 37,293 shares. Geode Mgmt Ltd holds 0.01% or 662,707 shares in its portfolio. Deutsche State Bank Ag invested in 731,583 shares. 10,000 are held by Southport Management Lc. Guggenheim Capital Ltd Llc owns 61,626 shares. Rafferty Asset Management Lc has invested 0.02% of its portfolio in Continental Resources, Inc. (NYSE:CLR). Tower Research Capital Ltd Liability (Trc) holds 0.03% or 9,989 shares in its portfolio. Ameriprise Inc invested in 84,115 shares or 0% of the stock. Allen Invest Ltd Limited Liability Company owns 21,678 shares. Credit Capital Invs Lc invested in 0.84% or 19,816 shares.

Opus Point Partners Management Llc, which manages about $111.46M US Long portfolio, upped its stake in Bristol Myers Squibb Co (NYSE:BMY) by 45,000 shares to 90,000 shares, valued at $5.74M in 2017Q3, according to the filing.

Investors sentiment decreased to 1.17 in Q3 2017. Its down 0.20, from 1.37 in 2017Q2. It worsened, as 36 investors sold ALXN shares while 174 reduced holdings. 78 funds opened positions while 167 raised stakes. 206.89 million shares or 0.54% less from 208.01 million shares in 2017Q2 were reported. State Street Corporation stated it has 11.25 million shares or 0.14% of all its holdings. Main Street Llc holds 0.04% of its portfolio in Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) for 1,900 shares. Moreover, Ig Mgmt Limited has 0.02% invested in Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) for 28,000 shares. Pitcairn holds 6,684 shares. 1.58M were reported by Tourbillon Capital Lp. Jpmorgan Chase And Communication holds 0.05% of its portfolio in Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) for 1.79 million shares. Cadence Mngmt Llc holds 0.05% in Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) or 6,001 shares. State Of Tennessee Treasury Department stated it has 351,003 shares. Intact Management has invested 0.03% of its portfolio in Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN). Ubs Asset Mgmt Americas Incorporated accumulated 1.70M shares. Profund Advsrs Ltd Liability Company holds 0.63% or 107,244 shares in its portfolio. Third Point Ltd Liability, New York-based fund reported 1.00M shares. Thrivent Finance For Lutherans holds 0.4% or 808,232 shares. City Comm, West Virginia-based fund reported 38 shares. D Scott Neal Inc owns 1,200 shares for 0.1% of their portfolio.

Since August 28, 2017, it had 0 buys, and 14 sales for $6.68 million activity. Moriarty John B also sold $389,099 worth of Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) on Tuesday, February 6. $16,800 worth of Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) shares were sold by Wagner Heidi L. Shares for $192,028 were sold by Goff Brian. $310,521 worth of Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) was sold by HANTSON LUDWIG on Tuesday, January 2. O’Neill Julie also sold $1.56 million worth of Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) on Monday, August 28. $121,751 worth of stock was sold by Veneman Ann M on Tuesday, September 5.

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