As Ignyta (RXDX) Valuation Declined, Cormorant Asset Management Has Raised by $24.00 Million Its Holding; Sigma Planning Has Upped Position in Verizon Communications (VZ) by $680,022 as Market Value Declined

March 25, 2018 - By Vivian Park

Sigma Planning Corp increased its stake in Verizon Communications Inc (VZ) by 11.52% based on its latest 2017Q3 regulatory filing with the SEC. Sigma Planning Corp bought 13,878 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 134,381 shares of the telecommunications equipment company at the end of 2017Q3, valued at $6.65 million, up from 120,503 at the end of the previous reported quarter. Sigma Planning Corp who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $191.08B market cap company. The stock decreased 1.26% or $0.59 during the last trading session, reaching $46.29. About 15.96M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since March 25, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Cormorant Asset Management Llc increased its stake in Ignyta Inc (RXDX) by 133.33% based on its latest 2017Q3 regulatory filing with the SEC. Cormorant Asset Management Llc bought 2.00 million shares as the company’s stock declined 28.13% while stock markets rallied. The hedge fund held 3.50M shares of the health care company at the end of 2017Q3, valued at $43.23M, up from 1.50M at the end of the previous reported quarter. Cormorant Asset Management Llc who had been investing in Ignyta Inc for a number of months, seems to be bullish on the $1.82 billion market cap company. It closed at $26.95 lastly. It is down 14.24% since March 25, 2017 and is uptrending. It has underperformed by 2.46% the S&P500.

Among 10 analysts covering Ignyta (NASDAQ:RXDX), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Ignyta had 20 analyst reports since August 12, 2015 according to SRatingsIntel. Credit Suisse initiated the shares of RXDX in report on Thursday, January 21 with “Outperform” rating. The firm has “Buy” rating given on Monday, October 26 by Canaccord Genuity. The stock has “Neutral” rating by Ladenburg Thalmann on Tuesday, December 26. Credit Suisse maintained Ignyta, Inc. (NASDAQ:RXDX) on Tuesday, March 15 with “Outperform” rating. JP Morgan maintained Ignyta, Inc. (NASDAQ:RXDX) rating on Thursday, October 12. JP Morgan has “Overweight” rating and $20 target. Cantor Fitzgerald initiated the stock with “Buy” rating in Tuesday, November 10 report. As per Tuesday, November 21, the company rating was initiated by SunTrust. The firm has “Buy” rating given on Friday, October 20 by Jefferies. The rating was initiated by JP Morgan with “Overweight” on Thursday, June 23. Cantor Fitzgerald initiated the shares of RXDX in report on Monday, October 26 with “Buy” rating.

Investors sentiment decreased to 2.28 in Q3 2017. Its down 0.68, from 2.96 in 2017Q2. It dived, as 14 investors sold RXDX shares while 18 reduced holdings. 35 funds opened positions while 38 raised stakes. 44.98 million shares or 5.65% more from 42.58 million shares in 2017Q2 were reported. Broadfin Capital Ltd Liability reported 1.49M shares stake. Schwab Charles Invest Mngmt invested 0% of its portfolio in Ignyta, Inc. (NASDAQ:RXDX). Bailard Inc has invested 0.05% of its portfolio in Ignyta, Inc. (NASDAQ:RXDX). Rhumbline Advisers accumulated 0% or 53,979 shares. Amer holds 0% or 33,504 shares. Parametric Port Assoc Ltd Liability Company invested in 50,803 shares. Prelude Limited Co stated it has 0% in Ignyta, Inc. (NASDAQ:RXDX). 1.16M were reported by Emerald Mutual Fund Advisers Tru. Parallax Volatility Advisers Limited Partnership has invested 0% in Ignyta, Inc. (NASDAQ:RXDX). Aqr Cap Mngmt Ltd Llc holds 0% or 42,045 shares in its portfolio. Federated Pa reported 567 shares or 0% of all its holdings. Bnp Paribas Arbitrage Sa owns 4,874 shares. Spark Investment Mngmt Ltd Limited Liability Company holds 57,000 shares. 2,298 are owned by Quantbot Technology L P. Sphera Funds Mngmt owns 0.81% invested in Ignyta, Inc. (NASDAQ:RXDX) for 459,300 shares.

Cormorant Asset Management Llc, which manages about $841.40M and $566.36M US Long portfolio, decreased its stake in Immune Design Corp (NASDAQ:IMDZ) by 56,500 shares to 280,500 shares, valued at $2.90 million in 2017Q3, according to the filing. It also reduced its holding in Bluebird Bio Inc (NASDAQ:BLUE) by 137,500 shares in the quarter, leaving it with 137,500 shares, and cut its stake in Curis Inc (NASDAQ:CRIS).

Since September 27, 2017, it had 0 insider buys, and 3 sales for $406,645 activity. Shares for $346,957 were sold by Skiadas Anthony T.

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It is without change, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Cibc Asset Mgmt holds 512,863 shares. Beach Investment Counsel Inc Pa reported 96,742 shares. Atria Invests Ltd Company reported 119,830 shares. Whalerock Point Ptnrs Ltd Co, Rhode Island-based fund reported 43,446 shares. The Virginia-based Pineno Levin & Ford Asset Management has invested 0.71% in Verizon Communications Inc. (NYSE:VZ). New Mexico Educational Retirement Board reported 379,171 shares. Country Club Tru Company Na holds 23,158 shares or 0.16% of its portfolio. Employees Retirement Of Texas has 649,317 shares. Kentucky Retirement Systems, a Kentucky-based fund reported 250,479 shares. Moreover, Schaper Benz & Wise Inv Counsel Inc Wi has 0.03% invested in Verizon Communications Inc. (NYSE:VZ) for 4,350 shares. Cetera Advisor Netwr Ltd Limited Liability Company reported 0.72% stake. Cibc World Markets invested 0.41% in Verizon Communications Inc. (NYSE:VZ). Ballentine Ptnrs Limited Liability reported 28,649 shares. Hl Financial Limited Liability Com reported 271,807 shares or 0.26% of all its holdings. Jfs Wealth Advisors Ltd Liability holds 0.14% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 10,749 shares.

Among 29 analysts covering Verizon Communications Inc. (NYSE:VZ), 9 have Buy rating, 0 Sell and 20 Hold. Therefore 31% are positive. Verizon Communications Inc. had 76 analyst reports since July 22, 2015 according to SRatingsIntel. Bank of America maintained Verizon Communications Inc. (NYSE:VZ) rating on Wednesday, January 24. Bank of America has “Buy” rating and $58 target. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Wednesday, January 25 report. The firm earned “Hold” rating on Friday, May 26 by RBC Capital Markets. The stock has “Mkt Perform” rating by FBR Capital on Wednesday, January 25. As per Monday, November 20, the company rating was upgraded by Wells Fargo. The firm has “Hold” rating by Cowen & Co given on Tuesday, January 23. As per Tuesday, August 11, the company rating was downgraded by Vetr. The rating was initiated by Nomura on Friday, October 16 with “Neutral”. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by RBC Capital Markets on Monday, April 24. The stock has “Neutral” rating by JP Morgan on Wednesday, January 24.

Sigma Planning Corp, which manages about $1.21B US Long portfolio, decreased its stake in Ishares Tr (IYK) by 7,816 shares to 2,401 shares, valued at $290,000 in 2017Q3, according to the filing. It also reduced its holding in Amgen Inc (NASDAQ:AMGN) by 3,106 shares in the quarter, leaving it with 14,822 shares, and cut its stake in Kroger Co (NYSE:KR).

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