Williams Jones & Associates Has Boosted Its Biogen Com (BIIB) Holding by $1.39 Million; Simon Property Group (SPG) Share Value Declined While Aew Capital Management LP Has Cut Stake

January 14, 2018 - By Clifton Ray

Williams Jones & Associates Llc increased its stake in Biogen Inc Com (BIIB) by 72.93% based on its latest 2017Q3 regulatory filing with the SEC. Williams Jones & Associates Llc bought 4,431 shares as the company’s stock declined 13.45% while stock markets rallied. The institutional investor held 10,507 shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $3.29 million, up from 6,076 at the end of the previous reported quarter. Williams Jones & Associates Llc who had been investing in Biogen Inc Com for a number of months, seems to be bullish on the $71.05 billion market cap company. The stock increased 0.86% or $2.88 during the last trading session, reaching $335.95. About 885,516 shares traded. Biogen Inc. (NASDAQ:BIIB) has risen 4.94% since January 14, 2017 and is uptrending. It has underperformed by 11.76% the S&P500.

Jeffrey Furber decreased its stake in Simon Property Group Inc (SPG) by 1.05% based on its latest 2017Q3 regulatory filing with the SEC. Aew Capital Management LP sold 24,000 shares as the company’s stock declined 12.82% while stock markets rallied. The hedge fund run by Jeffrey Furber held 2.27M shares of the consumer services company at the end of 2017Q3, valued at $365.52 million, down from 2.29 million at the end of the previous reported quarter. Aew Capital Management LP who had been investing in Simon Property Group Inc for a number of months, seems to be less bullish one the $59.27 billion market cap company. The stock increased 0.41% or $0.68 during the last trading session, reaching $165.51. About 1.24 million shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 18.56% since January 14, 2017 and is downtrending. It has underperformed by 35.26% the S&P500.

Among 19 analysts covering Simon Property Group (NYSE:SPG), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Simon Property Group had 61 analyst reports since July 21, 2015 according to SRatingsIntel. Evercore upgraded it to “Buy” rating and $213 target in Monday, March 7 report. The rating was maintained by Boenning & Scattergood on Wednesday, August 2 with “Buy”. Jefferies maintained the stock with “Buy” rating in Monday, September 25 report. The stock of Simon Property Group, Inc. (NYSE:SPG) earned “Buy” rating by Argus Research on Thursday, August 11. The firm earned “Buy” rating on Friday, June 16 by Jefferies. The stock of Simon Property Group, Inc. (NYSE:SPG) earned “Neutral” rating by Goldman Sachs on Friday, March 17. RBC Capital Markets maintained Simon Property Group, Inc. (NYSE:SPG) on Wednesday, November 1 with “Hold” rating. The firm has “Hold” rating given on Friday, January 20 by SunTrust. The company was maintained on Thursday, July 20 by Boenning & Scattergood. On Tuesday, August 8 the stock rating was maintained by Barclays Capital with “Overweight”.

Aew Capital Management L P, which manages about $25.93 billion and $4.02 billion US Long portfolio, upped its stake in Gramercy Property Trust by 425,601 shares to 5.92M shares, valued at $178.01M in 2017Q3, according to the filing. It also increased its holding in American Campus Communities (NYSE:ACC) by 75,424 shares in the quarter, for a total of 1.10M shares, and has risen its stake in Kilroy Realty Corp (NYSE:KRC).

Investors sentiment increased to 0.98 in 2017 Q3. Its up 0.22, from 0.76 in 2017Q2. It improved, as 57 investors sold SPG shares while 202 reduced holdings. 61 funds opened positions while 194 raised stakes. 297.03 million shares or 0.55% less from 298.66 million shares in 2017Q2 were reported. Services Automobile Association holds 115,030 shares. Silvercrest Asset Mgmt Limited Liability Corp holds 0% of its portfolio in Simon Property Group, Inc. (NYSE:SPG) for 2,048 shares. Gabalex Mgmt Ltd Limited Liability Company owns 20,000 shares. Lederer And Assocs Counsel Ca holds 2,220 shares or 0.34% of its portfolio. Loeb Partners holds 0.37% in Simon Property Group, Inc. (NYSE:SPG) or 7,600 shares. Jefferies Group Limited Liability Company has 15,120 shares. Fjarde Ap reported 75,200 shares. Lazard Asset Mngmt Limited Liability Corp has invested 0.13% in Simon Property Group, Inc. (NYSE:SPG). Altfest L J & Incorporated has 7,912 shares. Tower Bridge Advsrs reported 3,445 shares stake. Asset Mngmt One has invested 0.45% in Simon Property Group, Inc. (NYSE:SPG). Farmers Trust Com holds 0.12% of its portfolio in Simon Property Group, Inc. (NYSE:SPG) for 2,166 shares. 440,233 are held by Sumitomo Mitsui Asset Management. Parametric Portfolio Associates invested in 705,971 shares. 115,110 are owned by Aperio Gru Ltd.

Analysts await Simon Property Group, Inc. (NYSE:SPG) to report earnings on January, 30. They expect $3.11 earnings per share, up 6.87% or $0.20 from last year’s $2.91 per share. SPG’s profit will be $1.11 billion for 13.30 P/E if the $3.11 EPS becomes a reality. After $2.89 actual earnings per share reported by Simon Property Group, Inc. for the previous quarter, Wall Street now forecasts 7.61% EPS growth.

Williams Jones & Associates Llc, which manages about $4.95 billion and $4.07 billion US Long portfolio, decreased its stake in Wex Inc Com (NYSE:WEX) by 3,577 shares to 248,460 shares, valued at $27.88 million in 2017Q3, according to the filing. It also reduced its holding in Pioneer Nat Res Co Com (NYSE:PXD) by 2,920 shares in the quarter, leaving it with 1,625 shares, and cut its stake in Visteon Corp Com (NYSE:VC).

Among 31 analysts covering Biogen Idec Inc. (NASDAQ:BIIB), 22 have Buy rating, 0 Sell and 9 Hold. Therefore 71% are positive. Biogen Idec Inc. had 95 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Biogen Inc. (NASDAQ:BIIB) earned “Hold” rating by Jefferies on Wednesday, October 5. The firm has “Overweight” rating by Piper Jaffray given on Thursday, November 5. The firm has “Market Perform” rating given on Friday, February 5 by Leerink Swann. Cantor Fitzgerald maintained the shares of BIIB in report on Tuesday, October 24 with “Hold” rating. Jefferies maintained Biogen Inc. (NASDAQ:BIIB) on Wednesday, August 30 with “Hold” rating. Jefferies initiated it with “Buy” rating and $348 target in Wednesday, September 9 report. The firm has “Buy” rating by Stifel Nicolaus given on Monday, October 23. BMO Capital Markets maintained the stock with “Buy” rating in Monday, November 27 report. H.C. Wainwright maintained the stock with “Buy” rating in Thursday, October 22 report. Jefferies maintained it with “Hold” rating and $28100 target in Monday, June 12 report.

Investors sentiment increased to 1.13 in 2017 Q3. Its up 0.25, from 0.88 in 2017Q2. It improved, as 59 investors sold BIIB shares while 283 reduced holdings. 96 funds opened positions while 292 raised stakes. 181.16 million shares or 0.28% more from 180.66 million shares in 2017Q2 were reported. Iguana Healthcare Mngmt Ltd Liability Com stated it has 3.5% in Biogen Inc. (NASDAQ:BIIB). Howland Capital Ltd Company holds 973 shares. 776,305 were accumulated by Schwab Charles Investment Mgmt. Swiss Bancorporation, Switzerland-based fund reported 788,799 shares. Provident invested 3.53% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Lingohr Partner Asset Mgmt Gmbh holds 0.52% or 3,214 shares in its portfolio. Cullen Frost Bankers reported 0.16% in Biogen Inc. (NASDAQ:BIIB). Chesley Taft Ltd Company holds 0.12% or 4,257 shares in its portfolio. Ferguson Wellman Capital Mngmt invested 0.89% in Biogen Inc. (NASDAQ:BIIB). Eagle Glob invested in 2,600 shares. Moreover, Federated Invsts Pa has 0% invested in Biogen Inc. (NASDAQ:BIIB). Cadence Cap Management Llc reported 6,417 shares stake. Outfitter Advsrs Ltd reported 24,206 shares stake. Cornerstone Capital Holdg Llc, New York-based fund reported 43,247 shares. Eulav Asset holds 0.47% or 31,500 shares in its portfolio.

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