Spark Investment Management Has Boosted Position in Achillion Pharmaceuticals In (ACHN) by $845,600 as Share Value Rose; As General Amern Invs (GAM) Stock Price Declined, 1607 Capital Partners Increased Its Stake

April 24, 2018 - By Michael Collier

Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) Logo

Spark Investment Management Llc increased its stake in Achillion Pharmaceuticals In (ACHN) by 151.98% based on its latest 2017Q4 regulatory filing with the SEC. Spark Investment Management Llc bought 422,800 shares as the company’s stock rose 28.04% while stock markets declined. The hedge fund held 701,000 shares of the health care company at the end of 2017Q4, valued at $2.02 million, up from 278,200 at the end of the previous reported quarter. Spark Investment Management Llc who had been investing in Achillion Pharmaceuticals In for a number of months, seems to be bullish on the $500.56M market cap company. The stock decreased 0.55% or $0.02 during the last trading session, reaching $3.63. About 511,427 shares traded. Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) has declined 2.57% since April 24, 2017 and is downtrending. It has underperformed by 14.12% the S&P500.

1607 Capital Partners Llc increased its stake in General Amern Invs Inc (GAM) by 4.66% based on its latest 2017Q4 regulatory filing with the SEC. 1607 Capital Partners Llc bought 16,388 shares as the company’s stock declined 1.96% with the market. The institutional investor held 367,988 shares of the company at the end of 2017Q4, valued at $12.66 million, up from 351,600 at the end of the previous reported quarter. 1607 Capital Partners Llc who had been investing in General Amern Invs Inc for a number of months, seems to be bullish on the $886.51 million market cap company. The stock increased 0.06% or $0.02 during the last trading session, reaching $33.85. About 39,485 shares traded. General American Investors Company, Inc. (NYSE:GAM) has risen 9.16% since April 24, 2017 and is uptrending. It has underperformed by 2.39% the S&P500.

Among 11 analysts covering Achillion Pharma (NASDAQ:ACHN), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Achillion Pharma had 27 analyst reports since August 13, 2015 according to SRatingsIntel. The stock of Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) earned “Outperform” rating by Robert W. Baird on Friday, February 26. Leerink Swann maintained the shares of ACHN in report on Friday, August 11 with “Buy” rating. The rating was initiated by Wedbush on Friday, September 23 with “Outperform”. Chardan Capital Markets maintained it with “Hold” rating and $400 target in Wednesday, August 9 report. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, August 10. The rating was maintained by Leerink Swann with “Market Perform” on Wednesday, May 4. FBR Capital initiated the stock with “Hold” rating in Wednesday, February 7 report. The company was initiated on Thursday, February 2 by Ladenburg Thalmann. JMP Securities upgraded the stock to “Market Outperform” rating in Thursday, July 7 report. The firm earned “Market Perform” rating on Friday, January 29 by Leerink Swann.

Investors sentiment increased to 2.08 in 2017 Q4. Its up 1.12, from 0.96 in 2017Q3. It improved, as 10 investors sold ACHN shares while 28 reduced holdings. 34 funds opened positions while 45 raised stakes. 110.36 million shares or 4.96% more from 105.14 million shares in 2017Q3 were reported. Balyasny Asset Lc holds 0% in Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) or 84,923 shares. Jpmorgan Chase And invested in 1.16 million shares or 0% of the stock. Parallax Volatility Advisers Limited Partnership holds 18,312 shares or 0% of its portfolio. 2.25M are owned by Rock Springs Cap Mgmt L P. Proshare Advsr Limited Liability Corp owns 91,640 shares for 0% of their portfolio. Ecor1 Limited Liability holds 0.6% of its portfolio in Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) for 1.84M shares. Principal Gru Incorporated stated it has 37,771 shares. Federated Invsts Pa owns 5,819 shares or 0% of their US portfolio. Doheny Asset Management Ca stated it has 39,000 shares or 0.05% of all its holdings. Tiaa Cref Inv Mngmt Limited Liability Corp stated it has 363,571 shares. Paloma Partners Mgmt holds 0% or 13,865 shares in its portfolio. New York State Common Retirement Fund, a New York-based fund reported 118,300 shares. Parametric Port Assocs Limited Liability Corp invested 0% of its portfolio in Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN). 129,176 were accumulated by Creative Planning. Royal National Bank Of Canada reported 894 shares stake.

Spark Investment Management Llc, which manages about $1.26B and $1.87 billion US Long portfolio, decreased its stake in Cubic Corp (NYSE:CUB) by 13,800 shares to 8,500 shares, valued at $501,000 in 2017Q4, according to the filing. It also reduced its holding in Bio Techne Corp (NASDAQ:TECH) by 18,100 shares in the quarter, leaving it with 4,500 shares, and cut its stake in Voya Finl Inc (NYSE:VOYA).

1607 Capital Partners Llc, which manages about $2.83 billion and $1.80B US Long portfolio, decreased its stake in Morgan Stanley Asia Pac Fd I (APF) by 19,202 shares to 1.20 million shares, valued at $22.11M in 2017Q4, according to the filing. It also reduced its holding in Blackrock Enhanced Eqt Div T (BDJ) by 99,700 shares in the quarter, leaving it with 567,161 shares, and cut its stake in Ishares Inc (EWA).

Since December 14, 2017, it had 8 buys, and 3 insider sales for $227,331 activity. $132,620 worth of General American Investors Company, Inc. (NYSE:GAM) was bought by Priest Jeffrey W on Thursday, February 8. The insider DAVIDSON SPENCER bought 5,800 shares worth $197,991. 700 shares were bought by Stark Eugene S, worth $23,716 on Friday, December 15. $70,765 worth of General American Investors Company, Inc. (NYSE:GAM) was sold by TRUST FBO ALTSCHUL STEPHEN F UW ALTSCHUL HG. BERENS RODNEY B also sold $144,716 worth of General American Investors Company, Inc. (NYSE:GAM) shares. Majmudar Anang K. bought $7,445 worth of stock or 225 shares.

Investors sentiment increased to 2.05 in Q4 2017. Its up 1.27, from 0.78 in 2017Q3. It increased, as 2 investors sold GAM shares while 18 reduced holdings. 9 funds opened positions while 32 raised stakes. 6.48 million shares or 11.86% less from 7.35 million shares in 2017Q3 were reported. Moreover, Citigroup has 0% invested in General American Investors Company, Inc. (NYSE:GAM) for 15,129 shares. Jacobs And Com Ca accumulated 7,516 shares. Bank & Trust Of America Corporation De holds 145,957 shares or 0% of its portfolio. Raymond James Tru Na reported 5,921 shares. Fifth Third Financial Bank has invested 0% in General American Investors Company, Inc. (NYSE:GAM). Laurion Cap Mgmt Limited Partnership has 32,735 shares for 0.01% of their portfolio. Levin Cap Strategies Lp holds 0.01% of its portfolio in General American Investors Company, Inc. (NYSE:GAM) for 23,661 shares. The New York-based M&R Capital Management has invested 0% in General American Investors Company, Inc. (NYSE:GAM). City Of London Mngmt Ltd reported 85,145 shares. Wells Fargo And Mn reported 0% stake. 700 were accumulated by Howe And Rusling Inc. Minnesota-based Sit Inv Assocs has invested 0.17% in General American Investors Company, Inc. (NYSE:GAM). Comml Bank Of Montreal Can reported 0% of its portfolio in General American Investors Company, Inc. (NYSE:GAM). Bessemer Gru Inc, New Jersey-based fund reported 5,138 shares. The New Jersey-based Bulldog Ltd Liability Co has invested 0.46% in General American Investors Company, Inc. (NYSE:GAM).

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