Financial Consulate Trimmed Its Aerie Pharmaceuticals In (AERI) Position as Valuation Declined; Connable Office Boosted Its Holding in American Intl Group (AIG) as Stock Value Declined

April 24, 2018 - By Adrian Erickson

American International Group, Inc. (NYSE:AIG) Logo

Financial Consulate Inc decreased its stake in Aerie Pharmaceuticals In (AERI) by 43.24% based on its latest 2017Q4 regulatory filing with the SEC. Financial Consulate Inc sold 8,000 shares as the company’s stock declined 12.77% with the market. The institutional investor held 10,500 shares of the health care company at the end of 2017Q4, valued at $627,000, down from 18,500 at the end of the previous reported quarter. Financial Consulate Inc who had been investing in Aerie Pharmaceuticals In for a number of months, seems to be less bullish one the $2.17B market cap company. The stock increased 0.55% or $0.3 during the last trading session, reaching $55.05. About 24,473 shares traded. Aerie Pharmaceuticals, Inc. (NASDAQ:AERI) has risen 16.25% since April 24, 2017 and is uptrending. It has outperformed by 4.70% the S&P500.

Connable Office Inc increased its stake in American Intl Group Inc (AIG) by 71.13% based on its latest 2017Q4 regulatory filing with the SEC. Connable Office Inc bought 18,107 shares as the company’s stock declined 9.32% with the market. The institutional investor held 43,563 shares of the finance company at the end of 2017Q4, valued at $2.60M, up from 25,456 at the end of the previous reported quarter. Connable Office Inc who had been investing in American Intl Group Inc for a number of months, seems to be bullish on the $49.85B market cap company. The stock increased 0.04% or $0.02 during the last trading session, reaching $55.2. About 618,621 shares traded. American International Group, Inc. (NYSE:AIG) has declined 11.73% since April 24, 2017 and is downtrending. It has underperformed by 23.28% the S&P500.

Financial Consulate Inc, which manages about $333.98M and $195.69M US Long portfolio, upped its stake in Rydex Etf Trust (RPG) by 6,703 shares to 98,255 shares, valued at $10.30M in 2017Q4, according to the filing. It also increased its holding in Schwab Strategic Tr (SCHF) by 10,284 shares in the quarter, for a total of 422,554 shares, and has risen its stake in Schwab Strategic Tr (SCHM).

Investors sentiment decreased to 1.2 in Q4 2017. Its down 0.53, from 1.73 in 2017Q3. It turned negative, as 23 investors sold AERI shares while 48 reduced holdings. 21 funds opened positions while 64 raised stakes. 34.86 million shares or 1.29% more from 34.42 million shares in 2017Q3 were reported. California State Teachers Retirement has 52,235 shares for 0.01% of their portfolio. Creative Planning holds 3,600 shares or 0% of its portfolio. Tower Cap Limited Liability Company (Trc) stated it has 0% in Aerie Pharmaceuticals, Inc. (NASDAQ:AERI). Amer Century Companies stated it has 0% of its portfolio in Aerie Pharmaceuticals, Inc. (NASDAQ:AERI). Stifel Corp accumulated 85,458 shares. Teacher Retirement Sys Of Texas stated it has 0% in Aerie Pharmaceuticals, Inc. (NASDAQ:AERI). Endurant Capital Mgmt LP stated it has 0.83% in Aerie Pharmaceuticals, Inc. (NASDAQ:AERI). Great West Life Assurance Company Can reported 4,160 shares. Mirae Asset Glob Invests Ltd stated it has 0.03% of its portfolio in Aerie Pharmaceuticals, Inc. (NASDAQ:AERI). Tiaa Cref Invest Mngmt Ltd Liability Com invested in 0% or 89,396 shares. First Personal Service has 0.01% invested in Aerie Pharmaceuticals, Inc. (NASDAQ:AERI). Waddell & Reed Fincl accumulated 455,427 shares. 116,770 are held by Dafna Capital Management Limited Liability Com. Platinum Invest Mngmt Limited invested in 0.06% or 37,600 shares. Meeder Asset Mgmt Incorporated holds 0% or 3 shares in its portfolio.

Analysts await Aerie Pharmaceuticals, Inc. (NASDAQ:AERI) to report earnings on May, 1. They expect $-0.89 EPS, down 17.11% or $0.13 from last year’s $-0.76 per share. After $-1.38 actual EPS reported by Aerie Pharmaceuticals, Inc. for the previous quarter, Wall Street now forecasts -35.51% EPS growth.

Among 15 analysts covering Aerie Pharmaceuticals (NASDAQ:AERI), 15 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Aerie Pharmaceuticals had 50 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Needham with “Buy” on Friday, September 15. The firm earned “Buy” rating on Thursday, September 15 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of AERI in report on Thursday, September 17 with “Buy” rating. The company was initiated on Wednesday, September 14 by Raymond James. Cantor Fitzgerald reinitiated the shares of AERI in report on Friday, June 3 with “Buy” rating. The company was maintained on Wednesday, October 11 by Cantor Fitzgerald. The firm has “Buy” rating given on Tuesday, September 20 by H.C. Wainwright. H.C. Wainwright maintained Aerie Pharmaceuticals, Inc. (NASDAQ:AERI) on Thursday, March 1 with “Buy” rating. The stock has “Buy” rating by Cowen & Co on Thursday, October 5. Mizuho maintained the stock with “Buy” rating in Thursday, March 29 report.

Among 21 analysts covering American International Group (NYSE:AIG), 13 have Buy rating, 2 Sell and 6 Hold. Therefore 62% are positive. American International Group had 76 analyst reports since August 5, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of AIG in report on Friday, February 12 with “Overweight” rating. The stock of American International Group, Inc. (NYSE:AIG) has “Neutral” rating given on Wednesday, August 9 by Atlantic Securities. Morgan Stanley upgraded the shares of AIG in report on Tuesday, May 16 to “Overweight” rating. The stock has “Hold” rating by Deutsche Bank on Wednesday, December 6. The firm earned “Buy” rating on Monday, October 9 by RBC Capital Markets. The firm earned “Buy” rating on Monday, May 29 by Keefe Bruyette & Woods. As per Friday, November 3, the company rating was downgraded by Bank of America. The company was maintained on Tuesday, February 16 by RBC Capital Markets. On Tuesday, May 30 the stock rating was maintained by RBC Capital Markets with “Buy”. UBS maintained the stock with “Neutral” rating in Tuesday, September 19 report.

Connable Office Inc, which manages about $513.84M US Long portfolio, decreased its stake in Spdr S&P Oil & Gas Exploration & Prod (XOP) by 9,921 shares to 467,194 shares, valued at $17.37M in 2017Q4, according to the filing. It also reduced its holding in Ishares Msci Eurozone Etf (EZU) by 7,724 shares in the quarter, leaving it with 475,066 shares, and cut its stake in Spdr S&P 500 Etf Trust (SPY).

American International Group, Inc. (NYSE:AIG) Institutional Positions Chart

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