Stratos Wealth Partners LTD Has Cut Its Position in Amgen (AMGN) by $629,547; Callaway Golf Co (ELY) Holding Boosted by Nicholas Investment Partners Lp

April 17, 2018 - By Louis Casey

Amgen Inc. (NASDAQ:AMGN) Logo

Nicholas Investment Partners Lp increased its stake in Callaway Golf Co (ELY) by 10.24% based on its latest 2017Q4 regulatory filing with the SEC. Nicholas Investment Partners Lp bought 56,028 shares as the company’s stock rose 8.19% while stock markets declined. The institutional investor held 603,107 shares of the recreational products and toys company at the end of 2017Q4, valued at $8.40 million, up from 547,079 at the end of the previous reported quarter. Nicholas Investment Partners Lp who had been investing in Callaway Golf Co for a number of months, seems to be bullish on the $1.68 billion market cap company. The stock increased 1.14% or $0.2 during the last trading session, reaching $17.67. About 294,719 shares traded. Callaway Golf Company (NYSE:ELY) has risen 47.83% since April 17, 2017 and is uptrending. It has outperformed by 36.28% the S&P500.

Stratos Wealth Partners Ltd decreased its stake in Amgen Inc (AMGN) by 6.69% based on its latest 2017Q4 regulatory filing with the SEC. Stratos Wealth Partners Ltd sold 3,639 shares as the company’s stock declined 2.99% with the market. The institutional investor held 50,724 shares of the biological products (no diagnostic substances) company at the end of 2017Q4, valued at $8.82M, down from 54,363 at the end of the previous reported quarter. Stratos Wealth Partners Ltd who had been investing in Amgen Inc for a number of months, seems to be less bullish one the $116.82B market cap company. The stock increased 2.00% or $3.43 during the last trading session, reaching $174.81. About 1.46 million shares traded. Amgen Inc. (NASDAQ:AMGN) has risen 3.78% since April 17, 2017 and is uptrending. It has underperformed by 7.77% the S&P500.

Since October 26, 2017, it had 0 insider buys, and 11 insider sales for $3.72 million activity. $440,237 worth of Callaway Golf Company (NYSE:ELY) was sold by Lynch Brian P. on Wednesday, March 21. Howie Neil sold 68,824 shares worth $1.08 million. Arnett Richard H. sold $132,000 worth of stock. 8,369 shares valued at $125,535 were sold by Hocknell Alan on Thursday, October 26. Thomas Jennifer L. sold $127,120 worth of stock.

Investors sentiment increased to 1.36 in Q4 2017. Its up 0.17, from 1.19 in 2017Q3. It increased, as 19 investors sold ELY shares while 62 reduced holdings. 34 funds opened positions while 76 raised stakes. 80.37 million shares or 2.05% less from 82.05 million shares in 2017Q3 were reported. Voya Investment Mngmt Llc holds 0% or 44,233 shares in its portfolio. Jacobs Levy Equity Mgmt stated it has 0.01% in Callaway Golf Company (NYSE:ELY). Daruma Capital Mngmt Llc holds 3.89M shares. Northpointe Ltd Liability reported 427,662 shares or 0.67% of all its holdings. California State Teachers Retirement Systems, California-based fund reported 147,470 shares. Baldwin Brothers Ma holds 0% or 630 shares in its portfolio. Monarch Prtn Asset Ltd Llc invested 0.34% in Callaway Golf Company (NYSE:ELY). Northern Tru has 0% invested in Callaway Golf Company (NYSE:ELY). State Board Of Administration Of Florida Retirement reported 0% stake. Grace & White has invested 1.83% in Callaway Golf Company (NYSE:ELY). The Minnesota-based Ameriprise has invested 0% in Callaway Golf Company (NYSE:ELY). Platinum Investment Mngmt Ltd reported 0.58% of its portfolio in Callaway Golf Company (NYSE:ELY). Guggenheim Capital Ltd Liability Corp accumulated 12,516 shares. Bernzott Capital has 3.35% invested in Callaway Golf Company (NYSE:ELY). Cubist Systematic Strategies Ltd Com holds 0.06% or 87,222 shares.

Among 16 analysts covering Callaway Golf (NYSE:ELY), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Callaway Golf had 44 analyst reports since August 23, 2015 according to SRatingsIntel. The firm has “Hold” rating by Forward View Consulting given on Saturday, August 5. The stock of Callaway Golf Company (NYSE:ELY) has “Buy” rating given on Wednesday, September 20 by DA Davidson. The rating was maintained by Jefferies with “Buy” on Thursday, October 26. The firm has “Buy” rating by Jefferies given on Friday, August 4. The company was downgraded on Monday, August 7 by Compass Point. The stock of Callaway Golf Company (NYSE:ELY) has “Buy” rating given on Thursday, October 26 by SunTrust. The stock of Callaway Golf Company (NYSE:ELY) earned “Buy” rating by SunTrust on Wednesday, April 11. Jefferies maintained Callaway Golf Company (NYSE:ELY) rating on Tuesday, September 5. Jefferies has “Buy” rating and $18.0 target. J.P. Morgan initiated Callaway Golf Company (NYSE:ELY) on Thursday, December 14 with “Buy” rating. The stock has “Buy” rating by DA Davidson on Wednesday, December 27.

Nicholas Investment Partners Lp, which manages about $1.37B and $1.51B US Long portfolio, decreased its stake in Old Dominion Fght Lines Inc (NASDAQ:ODFL) by 10,574 shares to 111,320 shares, valued at $14.64M in 2017Q4, according to the filing. It also reduced its holding in Teladoc Inc by 12,557 shares in the quarter, leaving it with 148,105 shares, and cut its stake in Integrated Device Technology (Prn).

Since December 12, 2017, it had 0 insider purchases, and 4 sales for $1.11 million activity.

Stratos Wealth Partners Ltd, which manages about $2.15B and $2.23 billion US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 2,201 shares to 76,197 shares, valued at $13.45M in 2017Q4, according to the filing. It also increased its holding in Alibaba Group Hldg Ltd (NYSE:BABA) by 2,812 shares in the quarter, for a total of 12,089 shares, and has risen its stake in Nuveen Pfd & Incm Securties (JPS).

Analysts await Amgen Inc. (NASDAQ:AMGN) to report earnings on April, 26 after the close. They expect $3.22 earnings per share, up 2.22% or $0.07 from last year’s $3.15 per share. AMGN’s profit will be $2.15B for 13.57 P/E if the $3.22 EPS becomes a reality. After $2.89 actual earnings per share reported by Amgen Inc. for the previous quarter, Wall Street now forecasts 11.42% EPS growth.

Callaway Golf Company (NYSE:ELY) Institutional Positions Chart

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