Barclays Plc Holds Stake in Amtrust Finl Svcs (AFSI); Quidel (QDEL) Stock Rose While Northern Trust Cut Its Stake

March 25, 2018 - By Marguerite Chambers

Northern Trust Corp decreased its stake in Quidel Corp (QDEL) by 2.57% based on its latest 2017Q3 regulatory filing with the SEC. Northern Trust Corp sold 9,693 shares as the company’s stock rose 16.85% with the market. The institutional investor held 368,014 shares of the in vitro & in vivo diagnostic substances company at the end of 2017Q3, valued at $16.14M, down from 377,707 at the end of the previous reported quarter. Northern Trust Corp who had been investing in Quidel Corp for a number of months, seems to be less bullish one the $1.78B market cap company. The stock increased 1.41% or $0.71 during the last trading session, reaching $51.03. About 591,690 shares traded or 77.09% up from the average. Quidel Corporation (NASDAQ:QDEL) has risen 56.78% since March 25, 2017 and is uptrending. It has outperformed by 40.08% the S&P500.

Barclays Plc increased its stake in Amtrust Finl Svcs Inc (AFSI) by 11202.07% based on its latest 2017Q3 regulatory filing with the SEC. Barclays Plc bought 784,145 shares as the company’s stock declined 55.63% while stock markets rallied. The institutional investor held 791,145 shares of the finance company at the end of 2017Q3, valued at $10.65 million, up from 7,000 at the end of the previous reported quarter. Barclays Plc who had been investing in Amtrust Finl Svcs Inc for a number of months, seems to be bullish on the $2.42 billion market cap company. The stock decreased 1.44% or $0.18 during the last trading session, reaching $12.32. About 1.12 million shares traded. AmTrust Financial Services, Inc. (NASDAQ:AFSI) has declined 53.49% since March 25, 2017 and is downtrending. It has underperformed by 70.19% the S&P500.

Since September 27, 2017, it had 0 insider buys, and 10 sales for $14.97 million activity. $661,529 worth of Quidel Corporation (NASDAQ:QDEL) was sold by Kroll Werner on Friday, December 8. Bujarski Robert Joseph had sold 110,704 shares worth $4.40M. On Monday, February 26 BRYANT DOUGLAS C sold $1.60 million worth of Quidel Corporation (NASDAQ:QDEL) or 36,000 shares. On Wednesday, January 3 BORKAR RATAN S sold $1.35M worth of Quidel Corporation (NASDAQ:QDEL) or 29,880 shares. 36,383 shares were sold by STEWARD RANDALL J, worth $1.46 million.

Analysts await Quidel Corporation (NASDAQ:QDEL) to report earnings on April, 23. They expect $0.43 earnings per share, up 2.38% or $0.01 from last year’s $0.42 per share. QDEL’s profit will be $14.99 million for 29.67 P/E if the $0.43 EPS becomes a reality. After $-0.11 actual earnings per share reported by Quidel Corporation for the previous quarter, Wall Street now forecasts -490.91% EPS growth.

Among 9 analysts covering Quidel (NASDAQ:QDEL), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Quidel had 31 analyst reports since September 2, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Thursday, November 2. Raymond James downgraded Quidel Corporation (NASDAQ:QDEL) on Monday, December 14 to “Mkt Perform” rating. The firm earned “Overweight” rating on Thursday, July 27 by Barclays Capital. The rating was initiated by Barclays Capital on Wednesday, September 2 with “Overweight”. The stock of Quidel Corporation (NASDAQ:QDEL) earned “Buy” rating by Canaccord Genuity on Friday, January 8. The firm has “Outperform” rating given on Tuesday, September 19 by Raymond James. The stock of Quidel Corporation (NASDAQ:QDEL) has “Buy” rating given on Tuesday, October 24 by Canaccord Genuity. The rating was maintained by Raymond James with “Outperform” on Thursday, July 27. The firm earned “Buy” rating on Tuesday, July 18 by Canaccord Genuity. The rating was downgraded by Canaccord Genuity on Tuesday, February 9 to “Hold”.

Investors sentiment decreased to 1.2 in 2017 Q3. Its down 1.21, from 2.41 in 2017Q2. It fall, as 24 investors sold QDEL shares while 32 reduced holdings. 33 funds opened positions while 34 raised stakes. 30.68 million shares or 6.86% more from 28.71 million shares in 2017Q2 were reported. Pitcairn has invested 0.04% in Quidel Corporation (NASDAQ:QDEL). Chicago Equity Prtnrs Limited Liability Corp invested in 10,000 shares. Pacad Limited has 0.03% invested in Quidel Corporation (NASDAQ:QDEL) for 3,429 shares. Moreover, Rhumbline Advisers has 0% invested in Quidel Corporation (NASDAQ:QDEL) for 33,511 shares. Quantbot Techs Limited Partnership invested 0.01% of its portfolio in Quidel Corporation (NASDAQ:QDEL). Macquarie Gp Ltd invested 0.08% in Quidel Corporation (NASDAQ:QDEL). Birchview Capital Limited Partnership accumulated 0.88% or 38,975 shares. Water Island Ltd Liability Corp invested in 0.26% or 125,000 shares. Acadian Asset Mngmt Limited Com holds 0.01% in Quidel Corporation (NASDAQ:QDEL) or 42,339 shares. Blackrock holds 0% or 1.75M shares in its portfolio. Point72 Asset Management LP reported 185,192 shares. Moreover, Trellus Management Lc has 0.6% invested in Quidel Corporation (NASDAQ:QDEL). Price T Rowe Assocs Inc Md invested in 0.03% or 3.36 million shares. 6,047 were reported by Barclays Public Ltd. Parametric Assoc Ltd Llc holds 45,020 shares or 0% of its portfolio.

Northern Trust Corp, which manages about $383.69 billion US Long portfolio, upped its stake in Jounce Therapeutics Inc by 54,167 shares to 144,579 shares, valued at $2.25M in 2017Q3, according to the filing. It also increased its holding in Carter Inc (NYSE:CRI) by 227,373 shares in the quarter, for a total of 707,178 shares, and has risen its stake in Anaptysbio Inc.

Barclays Plc, which manages about $97.09B US Long portfolio, decreased its stake in American Tower Corp New (Put) (NYSE:AMT) by 15,200 shares to 8,100 shares, valued at $1.11 million in 2017Q3, according to the filing. It also reduced its holding in Jack In The Box Inc (Call) (NASDAQ:JACK) by 3,700 shares in the quarter, leaving it with 700 shares, and cut its stake in Infinera Corporation (Put) (NASDAQ:INFN).

Among 8 analysts covering Amtrust Financial Services (NASDAQ:AFSI), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Amtrust Financial Services had 24 analyst reports since August 5, 2015 according to SRatingsIntel. FBR Capital downgraded it to “Hold” rating and $14.0 target in Tuesday, October 24 report. Keefe Bruyette & Woods maintained AmTrust Financial Services, Inc. (NASDAQ:AFSI) rating on Thursday, July 6. Keefe Bruyette & Woods has “Hold” rating and $17.5000 target. The firm has “Hold” rating by JMP Securities given on Friday, July 7. SunTrust maintained AmTrust Financial Services, Inc. (NASDAQ:AFSI) on Monday, October 23 with “Buy” rating. On Monday, February 26 the stock rating was downgraded by Compass Point to “Hold”. The firm has “Market Perform” rating by JMP Securities given on Monday, November 13. The stock of AmTrust Financial Services, Inc. (NASDAQ:AFSI) earned “Hold” rating by Keefe Bruyette & Woods on Sunday, January 21. The stock has “Buy” rating by FBR Capital on Friday, June 9. Compass Point downgraded it to “Neutral” rating and $70 target in Wednesday, August 5 report. The rating was downgraded by SunTrust to “Hold” on Thursday, March 1.

Investors sentiment decreased to 0.68 in 2017 Q3. Its down 0.07, from 0.75 in 2017Q2. It fall, as 31 investors sold AFSI shares while 56 reduced holdings. 27 funds opened positions while 32 raised stakes. 65.41 million shares or 8.26% less from 71.30 million shares in 2017Q2 were reported. Dimensional Fund Advsr Lp stated it has 0.02% of its portfolio in AmTrust Financial Services, Inc. (NASDAQ:AFSI). Smithfield Tru holds 0% or 400 shares. State Board Of Administration Of Florida Retirement System accumulated 0% or 55,037 shares. Fincl Bank Of New York Mellon Corp owns 738,599 shares for 0% of their portfolio. Livforsakringsbolaget Skandia Omsesidigt, a Sweden-based fund reported 34,818 shares. Paragon Limited reported 12,224 shares stake. Citigroup invested in 0% or 24,846 shares. Envestnet Asset Mngmt Inc holds 0% or 2,339 shares in its portfolio. Jpmorgan Chase And has 0.01% invested in AmTrust Financial Services, Inc. (NASDAQ:AFSI) for 2.15 million shares. 338,200 are held by California Public Employees Retirement System. Symons Capital Mgmt holds 12,747 shares or 0.04% of its portfolio. Panagora Asset Management stated it has 0.02% of its portfolio in AmTrust Financial Services, Inc. (NASDAQ:AFSI). Assetmark holds 0% in AmTrust Financial Services, Inc. (NASDAQ:AFSI) or 9 shares. Great West Life Assurance Can holds 0% of its portfolio in AmTrust Financial Services, Inc. (NASDAQ:AFSI) for 7,833 shares. Reilly Advsr Limited Liability invested 0% of its portfolio in AmTrust Financial Services, Inc. (NASDAQ:AFSI).

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