As Biogen (BIIB) Stock Value Declined, American Beacon Advisors Lifted by $13.06 Million Its Position; Eagle Boston Investment Management Lifted Position in Barnes Group (B) as Stock Price Declined

April 24, 2018 - By Ellis Scott

Biogen Inc. (NASDAQ:BIIB) Logo

Eagle Boston Investment Management Inc increased its stake in Barnes Group Inc (B) by 7.14% based on its latest 2017Q4 regulatory filing with the SEC. Eagle Boston Investment Management Inc bought 13,514 shares as the company’s stock declined 5.92% with the market. The institutional investor held 202,728 shares of the capital goods company at the end of 2017Q4, valued at $12.83 million, up from 189,214 at the end of the previous reported quarter. Eagle Boston Investment Management Inc who had been investing in Barnes Group Inc for a number of months, seems to be bullish on the $3.31 billion market cap company. The stock increased 1.27% or $0.78 during the last trading session, reaching $62.25. About 48,224 shares traded. Barnes Group Inc. (NYSE:B) has risen 19.73% since April 24, 2017 and is uptrending. It has outperformed by 8.18% the S&P500.

American Beacon Advisors Inc increased its stake in Biogen Inc (BIIB) by 12.81% based on its latest 2017Q4 regulatory filing with the SEC. American Beacon Advisors Inc bought 41 shares as the company’s stock declined 17.01% with the market. The institutional investor held 361 shares of the biological products (no diagnostic substances) company at the end of 2017Q4, valued at $115.00M, up from 320 at the end of the previous reported quarter. American Beacon Advisors Inc who had been investing in Biogen Inc for a number of months, seems to be bullish on the $53.91 billion market cap company. The stock decreased 1.72% or $4.47 during the last trading session, reaching $254.83. About 884,593 shares traded. Biogen Inc. (NASDAQ:BIIB) has declined 3.66% since April 24, 2017 and is downtrending. It has underperformed by 15.21% the S&P500.

Investors sentiment increased to 1.17 in Q4 2017. Its up 0.04, from 1.13 in 2017Q3. It is positive, as 46 investors sold BIIB shares while 305 reduced holdings. 105 funds opened positions while 305 raised stakes. 180.65 million shares or 0.28% less from 181.16 million shares in 2017Q3 were reported. Tarbox Family Office stated it has 110 shares. Horizon Kinetics Limited Liability Corporation has invested 0.04% in Biogen Inc. (NASDAQ:BIIB). Winslow Cap Mgmt Lc holds 1.31% of its portfolio in Biogen Inc. (NASDAQ:BIIB) for 742,658 shares. Orbimed Advsrs Limited Liability Company accumulated 1.23M shares. South State accumulated 918 shares or 0.03% of the stock. Bamco Ny invested 0.02% in Biogen Inc. (NASDAQ:BIIB). Old Mutual Customised Solutions (Proprietary) Ltd stated it has 0.38% in Biogen Inc. (NASDAQ:BIIB). Sphera Funds Mngmt Limited invested 2.77% in Biogen Inc. (NASDAQ:BIIB). Ajo LP holds 102,266 shares. Charter Tru reported 0.12% stake. Putnam Fl Invest Mngmt reported 3,551 shares. The Massachusetts-based Highvista Strategies Lc has invested 2.94% in Biogen Inc. (NASDAQ:BIIB). 112,261 are owned by Renaissance Grp Inc Limited Liability Corp. Lincoln owns 962 shares for 0.01% of their portfolio. Banque Pictet Cie, Switzerland-based fund reported 21,829 shares.

American Beacon Advisors Inc, which manages about $52.95 billion and $9.35 billion US Long portfolio, decreased its stake in Netapp Inc (NASDAQ:NTAP) by 149 shares to 2,476 shares, valued at $136.97M in 2017Q4, according to the filing. It also reduced its holding in Cigna Corp (NYSE:CI) by 60 shares in the quarter, leaving it with 635 shares, and cut its stake in Altria Group Inc (NYSE:MO).

Since January 9, 2018, it had 0 buys, and 5 sales for $2.87 million activity. On Tuesday, January 9 the insider PANGIA ROBERT W sold $1.92 million.

Among 33 analysts covering Biogen Idec Inc. (NASDAQ:BIIB), 23 have Buy rating, 0 Sell and 10 Hold. Therefore 70% are positive. Biogen Idec Inc. had 120 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Hold” rating by Morgan Stanley on Wednesday, June 14. As per Tuesday, September 1, the company rating was initiated by Raymond James. The stock has “Overweight” rating by Atlantic Securities on Friday, December 18. As per Wednesday, June 29, the company rating was initiated by Bernstein. The rating was maintained by Bernstein with “Buy” on Tuesday, April 10. The rating was maintained by Jefferies on Wednesday, August 30 with “Hold”. The stock of Biogen Inc. (NASDAQ:BIIB) has “Overweight” rating given on Thursday, October 5 by Morgan Stanley. The firm earned “Market Perform” rating on Thursday, September 21 by Raymond James. The firm has “Hold” rating given on Friday, October 20 by BMO Capital Markets. Mizuho maintained Biogen Inc. (NASDAQ:BIIB) rating on Sunday, February 4. Mizuho has “Buy” rating and $433.0 target.

Among 8 analysts covering Barnes Group (NYSE:B), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Barnes Group had 24 analyst reports since July 28, 2015 according to SRatingsIntel. Oppenheimer maintained it with “Outperform” rating and $43 target in Monday, October 26 report. The stock of Barnes Group Inc. (NYSE:B) has “Neutral” rating given on Friday, December 11 by DA Davidson. Jefferies maintained Barnes Group Inc. (NYSE:B) on Wednesday, June 7 with “Buy” rating. The stock of Barnes Group Inc. (NYSE:B) has “Hold” rating given on Thursday, January 19 by SunTrust. Sidoti upgraded the stock to “Buy” rating in Tuesday, January 12 report. The stock of Barnes Group Inc. (NYSE:B) has “Buy” rating given on Monday, December 5 by Deutsche Bank. SunTrust maintained Barnes Group Inc. (NYSE:B) rating on Monday, January 8. SunTrust has “Hold” rating and $67.0 target. The stock has “Hold” rating by Robert W. Baird on Friday, October 27. The company was upgraded on Friday, August 7 by Oppenheimer. The rating was initiated by Buckingham Research on Monday, October 19 with “Neutral”.

Eagle Boston Investment Management Inc, which manages about $1.88B and $1.00 billion US Long portfolio, decreased its stake in Arcbest Corp (NASDAQ:ARCB) by 88,169 shares to 242,735 shares, valued at $8.68M in 2017Q4, according to the filing. It also reduced its holding in On Assignment Inc (NYSE:ASGN) by 15,290 shares in the quarter, leaving it with 315,136 shares, and cut its stake in Heico Corp (NYSE:HEI.A).

Since February 21, 2018, it had 3 insider purchases, and 4 insider sales for $743,077 activity. BARNES THOMAS O sold $107,712 worth of stock. BENANAV GARY G bought 29 shares worth $1,809. Shares for $496,161 were sold by ACKER MARIAN on Wednesday, February 21. 29 shares were bought by MANGUM MYLLE H, worth $1,809.

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