New Mexico Educational Retirement Board Trimmed Citigroup (C) Stake by $417,600; Stock Value Rose; Gilead Sciences (GILD) Stake Has Upped by Platinum Investment Management Ltd

January 14, 2018 - By Clifton Ray

New Mexico Educational Retirement Board decreased its stake in Citigroup Inc (C) by 2.27% based on its latest 2017Q3 regulatory filing with the SEC. New Mexico Educational Retirement Board sold 5,800 shares as the company’s stock rose 1.55% with the market. The institutional investor held 250,126 shares of the major banks company at the end of 2017Q3, valued at $18.19M, down from 255,926 at the end of the previous reported quarter. New Mexico Educational Retirement Board who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $203.17 billion market cap company. The stock increased 1.69% or $1.28 during the last trading session, reaching $76.84. About 16.95 million shares traded or 12.74% up from the average. Citigroup Inc. (NYSE:C) has risen 35.60% since January 14, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Kerr Neilson increased its stake in Gilead Sciences Inc (GILD) by 0.35% based on its latest 2017Q3 regulatory filing with the SEC. Platinum Investment Management Ltd bought 10,100 shares as the company’s stock declined 8.05% while stock markets rallied. The hedge fund run by Kerr Neilson held 2.90 million shares of the health care company at the end of 2017Q3, valued at $234.93M, up from 2.89M at the end of the previous reported quarter. Platinum Investment Management Ltd who had been investing in Gilead Sciences Inc for a number of months, seems to be bullish on the $103.22 billion market cap company. The stock decreased 0.05% or $0.04 during the last trading session, reaching $79.02. About 6.37M shares traded. Gilead Sciences, Inc. (NASDAQ:GILD) has declined 21.80% since January 14, 2017 and is downtrending. It has underperformed by 38.50% the S&P500.

Platinum Investment Management Ltd, which manages about $22.00B and $3.96 billion US Long portfolio, decreased its stake in Acceleron Pharma Inc (NASDAQ:XLRN) by 10,500 shares to 58,500 shares, valued at $2.18 million in 2017Q3, according to the filing. It also reduced its holding in Alphabet Inc by 3,100 shares in the quarter, leaving it with 178,702 shares, and cut its stake in Johnson & Johnson (NYSE:JNJ).

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.10, from 0.93 in 2017Q2. It is positive, as 96 investors sold GILD shares while 488 reduced holdings. 127 funds opened positions while 474 raised stakes. 957.62 million shares or 2.06% more from 938.32 million shares in 2017Q2 were reported. Minnesota-based Thrivent Finance For Lutherans has invested 0.01% in Gilead Sciences, Inc. (NASDAQ:GILD). Barbara Oil reported 8,000 shares. Stephens Ar has 0.2% invested in Gilead Sciences, Inc. (NASDAQ:GILD) for 69,768 shares. Healthinvest holds 76,600 shares. Money Mgmt Ltd Limited Liability Company stated it has 18,815 shares. 8,677 are held by Btg Pactual Asset Limited. Hodges Inc reported 0.22% in Gilead Sciences, Inc. (NASDAQ:GILD). Zweig invested in 5,700 shares or 0.04% of the stock. Essex Inc holds 21,898 shares or 0.44% of its portfolio. Systematic Fincl Mgmt Lp accumulated 14,881 shares or 0.02% of the stock. Bridges Inv Management holds 0.61% or 58,652 shares. Cape Cod Five Cents National Bank & Trust owns 0.04% invested in Gilead Sciences, Inc. (NASDAQ:GILD) for 3,125 shares. 17,916 were accumulated by Fragasso Group. Cypress Cap Grp has 0.73% invested in Gilead Sciences, Inc. (NASDAQ:GILD). Appleton Prns Ma reported 0.32% stake.

Since August 1, 2017, it had 0 insider purchases, and 11 sales for $41.13 million activity. $2.07M worth of Gilead Sciences, Inc. (NASDAQ:GILD) was sold by Alton Gregg H. Shares for $4.99 million were sold by Meyers James R. Washington Robin L had sold 51,820 shares worth $4.40M on Thursday, September 7.

Among 30 analysts covering Gilead Sciences (NASDAQ:GILD), 18 have Buy rating, 0 Sell and 12 Hold. Therefore 60% are positive. Gilead Sciences had 111 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was upgraded by Argus Research to “Buy” on Thursday, August 31. Gabelli initiated the stock with “Buy” rating in Wednesday, June 1 report. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, October 27. On Wednesday, November 2 the stock rating was upgraded by BMO Capital Markets to “Outperform”. Oppenheimer maintained it with “Outperform” rating and $124 target in Tuesday, October 20 report. The company was upgraded on Thursday, September 10 by Jyske Bank. The company was maintained on Wednesday, July 29 by RBC Capital Markets. Oppenheimer maintained the shares of GILD in report on Thursday, December 21 with “Hold” rating. Jefferies maintained Gilead Sciences, Inc. (NASDAQ:GILD) rating on Friday, October 27. Jefferies has “Hold” rating and $87.0 target. As per Wednesday, February 3, the company rating was initiated by Standpoint Research.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on January, 16 before the open. They expect $1.26 EPS, up 10.53% or $0.12 from last year’s $1.14 per share. C’s profit will be $3.33B for 15.25 P/E if the $1.26 EPS becomes a reality. After $1.42 actual EPS reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -11.27% negative EPS growth.

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. It is positive, as 56 investors sold C shares while 400 reduced holdings. 125 funds opened positions while 492 raised stakes. 2.04 billion shares or 0.42% more from 2.03 billion shares in 2017Q2 were reported. Westwood Holdings Grp Inc Inc reported 109,453 shares. Louisiana State Employees Retirement System owns 170,100 shares for 0.58% of their portfolio. Alexandria Capital Ltd Company reported 0.01% in Citigroup Inc. (NYSE:C). Meritage Management accumulated 92,719 shares or 0.66% of the stock. Moneta Group Ltd accumulated 0.13% or 11,416 shares. First Fincl Bank Of Mount Dora Trust Inv Svcs holds 1.97% or 55,007 shares in its portfolio. Argent Trust accumulated 0.74% or 36,912 shares. Moreover, Integral Derivatives Ltd Co has 0% invested in Citigroup Inc. (NYSE:C). Strategic Limited Liability Corporation accumulated 31,032 shares. Comerica Securities Inc has invested 0.1% of its portfolio in Citigroup Inc. (NYSE:C). Truenorth reported 17,398 shares or 0.59% of all its holdings. Bbr Prns Limited Liability Corporation holds 0.05% or 2,946 shares. Aviance Capital Mgmt Limited Liability Corp stated it has 10 shares. Vaughan Nelson Mgmt Limited Partnership reported 0.45% in Citigroup Inc. (NYSE:C). Condor Cap Management invested 0.47% in Citigroup Inc. (NYSE:C).

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