Wellington Management Group Llp Raised Holding in Hess (HES) by $59.37 Million as Stock Price Rose; Ami Asset Management Upped Its Corcept Therapeutics (CORT) Holding by $1.76 Million

April 20, 2018 - By Dolores Ford

Corcept Therapeutics Incorporated (NASDAQ:CORT) Logo

Wellington Management Group Llp increased its stake in Hess Corp (HES) by 7.83% based on its latest 2017Q4 regulatory filing with the SEC. Wellington Management Group Llp bought 1.26M shares as the company’s stock rose 6.08% while stock markets declined. The institutional investor held 17.40 million shares of the integrated oil company at the end of 2017Q4, valued at $825.83M, up from 16.13 million at the end of the previous reported quarter. Wellington Management Group Llp who had been investing in Hess Corp for a number of months, seems to be bullish on the $18.22B market cap company. The stock decreased 0.64% or $0.3699 during the last trading session, reaching $57.8301. About 1.88 million shares traded. Hess Corporation (NYSE:HES) has risen 8.91% since April 20, 2017 and is uptrending. It has underperformed by 2.64% the S&P500.

Ami Asset Management Corp increased its stake in Corcept Therapeutics Inc. (CORT) by 18.55% based on its latest 2017Q4 regulatory filing with the SEC. Ami Asset Management Corp bought 97,867 shares as the company’s stock declined 9.45% with the market. The hedge fund held 625,382 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $11.29 million, up from 527,515 at the end of the previous reported quarter. Ami Asset Management Corp who had been investing in Corcept Therapeutics Inc. for a number of months, seems to be bullish on the $2.04 billion market cap company. The stock decreased 2.26% or $0.41 during the last trading session, reaching $17.76. About 280,316 shares traded. Corcept Therapeutics Incorporated (NASDAQ:CORT) has risen 52.11% since April 20, 2017 and is uptrending. It has outperformed by 40.56% the S&P500.

Ami Asset Management Corp, which manages about $1.42 billion and $1.45 billion US Long portfolio, decreased its stake in Costco Whsl Corp New Com (NASDAQ:COST) by 4,361 shares to 111,017 shares, valued at $20.66 million in 2017Q4, according to the filing. It also reduced its holding in Synopsys Inc (NASDAQ:SNPS) by 11,903 shares in the quarter, leaving it with 262,818 shares, and cut its stake in Pepsico Inc (NYSE:PEP).

Among 7 analysts covering Corcept Therapeutics (NASDAQ:CORT), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Corcept Therapeutics had 11 analyst reports since February 2, 2017 according to SRatingsIntel. Piper Jaffray maintained the shares of CORT in report on Thursday, August 24 with “Buy” rating. The firm has “Buy” rating given on Thursday, March 8 by FBR Capital. Stifel Nicolaus maintained Corcept Therapeutics Incorporated (NASDAQ:CORT) on Friday, November 3 with “Buy” rating. The rating was maintained by FBR Capital with “Buy” on Tuesday, March 20. The stock has “Buy” rating by Piper Jaffray on Wednesday, October 11. The firm has “Buy” rating given on Friday, September 8 by Piper Jaffray. The company was initiated on Friday, April 13 by Seaport Global. Ladenburg Thalmann initiated Corcept Therapeutics Incorporated (NASDAQ:CORT) on Thursday, February 2 with “Buy” rating.

Investors sentiment decreased to 1.49 in 2017 Q4. Its down 0.47, from 1.96 in 2017Q3. It dived, as 30 investors sold CORT shares while 42 reduced holdings. 40 funds opened positions while 67 raised stakes. 87.40 million shares or 21.46% more from 71.96 million shares in 2017Q3 were reported. Morgan Stanley reported 344,083 shares or 0% of all its holdings. 440,300 were reported by Fuller And Thaler Asset Management. Hightower Limited Liability Corp owns 0% invested in Corcept Therapeutics Incorporated (NASDAQ:CORT) for 11,832 shares. State Common Retirement Fund reported 234,500 shares stake. Lazard Asset Mgmt Limited accumulated 17,422 shares. California-based Sanctuary Wealth Ltd Liability Co has invested 0.01% in Corcept Therapeutics Incorporated (NASDAQ:CORT). Prelude Cap Management Llc owns 51,801 shares. Timpani Mgmt Lc stated it has 162,594 shares or 1.06% of all its holdings. Sei Investments holds 19,550 shares or 0% of its portfolio. Employees Retirement Association Of Colorado reported 5,105 shares. Amalgamated Commercial Bank accumulated 13,392 shares. Profund Advsrs Ltd Liability Company invested 0.01% in Corcept Therapeutics Incorporated (NASDAQ:CORT). Navellier Associates, Nevada-based fund reported 100,738 shares. Ftb Advisors reported 0% in Corcept Therapeutics Incorporated (NASDAQ:CORT). Macquarie Gp Ltd invested 0% of its portfolio in Corcept Therapeutics Incorporated (NASDAQ:CORT).

Since December 8, 2017, it had 1 insider buy, and 5 insider sales for $515,904 activity. 10,000 shares valued at $155,102 were bought by GALA RENEE D on Tuesday, March 6.

Among 22 analysts covering Hess Corp. (NYSE:HES), 9 have Buy rating, 2 Sell and 11 Hold. Therefore 41% are positive. Hess Corp. had 64 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, October 5 the stock rating was maintained by Piper Jaffray with “Buy”. JP Morgan downgraded the shares of HES in report on Thursday, September 14 to “Neutral” rating. On Sunday, August 20 the stock rating was maintained by Cowen & Co with “Hold”. JP Morgan upgraded Hess Corporation (NYSE:HES) on Thursday, December 8 to “Overweight” rating. BMO Capital Markets maintained it with “Hold” rating and $48.0 target in Tuesday, February 6 report. The company was maintained on Friday, July 21 by Citigroup. The stock has “Equal Weight” rating by Barclays Capital on Tuesday, January 12. The rating was downgraded by Capital One on Wednesday, April 27 to “Equal-Weight”. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, January 24. BMO Capital Markets maintained the shares of HES in report on Tuesday, October 10 with “Hold” rating.

Wellington Management Group Llp, which manages about $452.59B US Long portfolio, decreased its stake in Propetro Hldg Corp by 279,693 shares to 4.50 million shares, valued at $90.79M in 2017Q4, according to the filing. It also reduced its holding in Fibrogen Inc by 38,759 shares in the quarter, leaving it with 50,909 shares, and cut its stake in Corvel Corp (NASDAQ:CRVL).

Since February 8, 2018, it had 11 insider purchases, and 15 sales for $8.38 million activity. The insider HESS JOHN B sold $4.15 million. MCMANUS DAVID also bought $25,016 worth of Hess Corporation (NYSE:HES) on Tuesday, March 6. Shares for $135,592 were sold by RIELLY JOHN P. 7,422 shares valued at $356,520 were sold by Hill Gregory P. on Tuesday, March 6. Shares for $85,039 were sold by Turner Michael R. 516 shares valued at $25,016 were bought by CHASE RODNEY F on Tuesday, March 6.

Investors sentiment increased to 0.94 in 2017 Q4. Its up 0.06, from 0.88 in 2017Q3. It increased, as 45 investors sold HES shares while 161 reduced holdings. 63 funds opened positions while 131 raised stakes. 256.03 million shares or 0.61% more from 254.48 million shares in 2017Q3 were reported. Brandywine Global Ltd Liability Corporation holds 0% or 262 shares. Guinness Atkinson Asset Mngmt holds 0.69% or 23,643 shares in its portfolio. First Personal Finance Svcs has invested 0.01% in Hess Corporation (NYSE:HES). Solaris Asset Ltd invested in 12,665 shares or 0.34% of the stock. The Nebraska-based Ameritas Prns has invested 0.01% in Hess Corporation (NYSE:HES). Virtu Fin Ltd Liability Corp holds 0.05% of its portfolio in Hess Corporation (NYSE:HES) for 19,336 shares. Stratos Wealth Ltd owns 573 shares. Korea Investment holds 0% or 2,645 shares. Perella Weinberg Prtnrs Mgmt LP holds 57,154 shares. State Board Of Administration Of Florida Retirement Sys accumulated 420,442 shares. Art Advisors Limited Liability Corp stated it has 147,900 shares. Wedge Cap Mgmt L Lp Nc owns 321,605 shares. Atlantic Grp Limited Liability accumulated 0% or 131 shares. Walleye Trading Lc has 0.03% invested in Hess Corporation (NYSE:HES) for 124,739 shares. State Of Alaska Department Of Revenue accumulated 0.04% or 38,758 shares.

Corcept Therapeutics Incorporated (NASDAQ:CORT) Institutional Positions Chart

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