Eulav Asset Management Position in Biogen (BIIB) Has Raised as Valuation Declined; Skylands Capital Position in Alliance Data Systems (ADS) Trimmed by $1.21 Million

May 24, 2018 - By Winifred Garcia

Biogen Inc. (NASDAQ:BIIB) Logo

Charles Paquelet decreased its stake in Alliance Data Systems Corp (ADS) by 24.24% based on its latest 2017Q4 regulatory filing with the SEC. Skylands Capital Llc sold 4,775 shares as the company’s stock declined 13.04% with the market. The hedge fund run by Charles Paquelet held 14,925 shares of the business services company at the end of 2017Q4, valued at $3.78 million, down from 19,700 at the end of the previous reported quarter. Skylands Capital Llc who had been investing in Alliance Data Systems Corp for a number of months, seems to be less bullish one the $11.85B market cap company. The stock decreased 0.42% or $0.9 during the last trading session, reaching $213.9. About 374,861 shares traded. Alliance Data Systems Corporation (NYSE:ADS) has declined 9.99% since May 24, 2017 and is downtrending. It has underperformed by 21.54% the S&P500.

Eulav Asset Management increased its stake in Biogen Inc (BIIB) by 23.81% based on its latest 2017Q4 regulatory filing with the SEC. Eulav Asset Management bought 7,500 shares as the company’s stock declined 17.01% with the market. The institutional investor held 39,000 shares of the biological products (no diagnostic substances) company at the end of 2017Q4, valued at $12.42M, up from 31,500 at the end of the previous reported quarter. Eulav Asset Management who had been investing in Biogen Inc for a number of months, seems to be bullish on the $60.01 billion market cap company. The stock increased 0.23% or $0.66 during the last trading session, reaching $284.41. About 975,013 shares traded. Biogen Inc. (NASDAQ:BIIB) has declined 3.66% since May 24, 2017 and is downtrending. It has underperformed by 15.21% the S&P500.

Among 33 analysts covering Biogen Idec Inc. (NASDAQ:BIIB), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. Biogen Idec Inc. had 132 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, June 19 by UBS. The rating was maintained by Raymond James with “Strong Buy” on Tuesday, August 2. Robert W. Baird maintained it with “Hold” rating and $290.0 target in Thursday, September 28 report. The firm has “Buy” rating given on Wednesday, October 25 by H.C. Wainwright. As per Monday, October 23, the company rating was initiated by Guggenheim. As per Thursday, March 16, the company rating was downgraded by Morgan Stanley. H.C. Wainwright maintained the shares of BIIB in report on Wednesday, April 25 with “Buy” rating. The rating was upgraded by PiperJaffray to “Overweight” on Monday, November 7. The rating was maintained by BMO Capital Markets with “Outperform” on Monday, March 5. The stock has “Hold” rating by Morgan Stanley on Wednesday, June 14.

Eulav Asset Management, which manages about $2.35 billion and $2.12 billion US Long portfolio, decreased its stake in Starbucks Corp (NASDAQ:SBUX) by 11,000 shares to 125,000 shares, valued at $7.18M in 2017Q4, according to the filing. It also reduced its holding in Idexx Labs Inc (NASDAQ:IDXX) by 6,900 shares in the quarter, leaving it with 230,500 shares, and cut its stake in Zendesk Inc (NYSE:ZEN).

Investors sentiment increased to 1.17 in 2017 Q4. Its up 0.04, from 1.13 in 2017Q3. It increased, as 46 investors sold BIIB shares while 305 reduced holdings. 105 funds opened positions while 305 raised stakes. 180.65 million shares or 0.28% less from 181.16 million shares in 2017Q3 were reported. Trust Department Mb State Bank N A, Illinois-based fund reported 34,824 shares. Etrade Mngmt Ltd Llc has invested 0.09% in Biogen Inc. (NASDAQ:BIIB). Pictet Asset Mgmt Limited reported 0.59% in Biogen Inc. (NASDAQ:BIIB). Grimes reported 1,365 shares stake. British Columbia Inv Mgmt Corp holds 0.36% of its portfolio in Biogen Inc. (NASDAQ:BIIB) for 160,230 shares. Contrarius Investment Management Ltd holds 0.24% or 15,203 shares. Calamos Advsrs Ltd Liability Company has invested 0.05% in Biogen Inc. (NASDAQ:BIIB). Arrowstreet Lp holds 0.04% or 49,000 shares in its portfolio. Sands Management Ltd Liability Corp stated it has 1.14M shares or 1.1% of all its holdings. Fiduciary Trust Com owns 6,222 shares or 0.06% of their US portfolio. 34,566 are held by Trillium Asset Limited Liability Com. Moreno Evelyn V reported 1.86% in Biogen Inc. (NASDAQ:BIIB). The New York-based Epoch Inv Partners has invested 0.01% in Biogen Inc. (NASDAQ:BIIB). Quantbot Tech Lp holds 0.01% or 322 shares in its portfolio. 24,847 are owned by Artemis Investment Mngmt Ltd Liability Partnership.

Since January 9, 2018, it had 1 insider buy, and 5 sales for $10.09 million activity. On Wednesday, April 25 the insider DENNER ALEXANDER J bought $12.96 million. PANGIA ROBERT W had sold 5,832 shares worth $1.92 million.

More notable recent Biogen Inc. (NASDAQ:BIIB) news were published by: Benzinga.com which released: “Baird: Biogen A Buy On M&A Prospects, Underappreciated Franchises” on April 25, 2018, also Seekingalpha.com with their article: “Biogen Buy Signal: Alzheimer’s Royalties Option” published on May 02, 2018, Seekingalpha.com published: “Biogen’s Ionis Deal Is Brilliant” on April 25, 2018. More interesting news about Biogen Inc. (NASDAQ:BIIB) were released by: Nasdaq.com and their article: “3 Big Pharma Stocks with Huge Future Growth Potential” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “Biogen: Down Too Far, Too Fast?” with publication date: April 25, 2018.

Analysts await Alliance Data Systems Corporation (NYSE:ADS) to report earnings on July, 19. They expect $4.32 earnings per share, up 20.67% or $0.74 from last year’s $3.58 per share. ADS’s profit will be $239.33 million for 12.38 P/E if the $4.32 EPS becomes a reality. After $4.10 actual earnings per share reported by Alliance Data Systems Corporation for the previous quarter, Wall Street now forecasts 5.37% EPS growth.

More notable recent Alliance Data Systems Corporation (NYSE:ADS) news were published by: Streetinsider.com which released: “ValueAct’s 13F Shows New Stake in SLM Corp (SLM), Confirms Increase in Citi (C), Exits Microsoft (MSFT) (more…)” on May 15, 2018, also Benzinga.com with their article: “Insider Buys Of The Week: ADS, Tesla, Teva And More” published on May 13, 2018, Streetinsider.com published: “Form 8-K ALLIANCE DATA SYSTEMS For: May 22” on May 22, 2018. More interesting news about Alliance Data Systems Corporation (NYSE:ADS) were released by: Seekingalpha.com and their article: “An Investment Overview On Alliance Data Systems” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “Tracking Jeffrey Ubben’s ValueAct Portfolio – Q1 2018 Update” with publication date: May 22, 2018.

Skylands Capital Llc, which manages about $986.41M and $776.20 million US Long portfolio, upped its stake in Airgain Inc by 72,494 shares to 276,400 shares, valued at $2.49 million in 2017Q4, according to the filing. It also increased its holding in Rayonier Advanced Matls Inc (NYSE:RYAM) by 60,120 shares in the quarter, for a total of 159,820 shares, and has risen its stake in Marcus Corp (NYSE:MCS).

Among 35 analysts covering Alliance Data Systems (NYSE:ADS), 18 have Buy rating, 2 Sell and 15 Hold. Therefore 51% are positive. Alliance Data Systems had 98 analyst reports since August 9, 2015 according to SRatingsIntel. The stock of Alliance Data Systems Corporation (NYSE:ADS) has “Sell” rating given on Thursday, July 20 by Oppenheimer. JP Morgan downgraded Alliance Data Systems Corporation (NYSE:ADS) on Friday, December 9 to “Neutral” rating. The stock has “Buy” rating by SunTrust on Thursday, October 19. The stock of Alliance Data Systems Corporation (NYSE:ADS) earned “Buy” rating by Edward Jones on Friday, January 26. On Tuesday, August 29 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was upgraded by Piper Jaffray to “Overweight” on Wednesday, November 25. The rating was maintained by Robert W. Baird on Wednesday, November 15 with “Hold”. BMO Capital Markets maintained Alliance Data Systems Corporation (NYSE:ADS) rating on Monday, October 16. BMO Capital Markets has “Hold” rating and $235.0 target. KeyBanc Capital Markets maintained Alliance Data Systems Corporation (NYSE:ADS) on Wednesday, August 23 with “Hold” rating. The stock of Alliance Data Systems Corporation (NYSE:ADS) has “Buy” rating given on Friday, September 8 by Piper Jaffray.

Since February 16, 2018, it had 2 insider buys, and 2 sales for $33.28 million activity. On Friday, February 16 HEFFERNAN EDWARD J sold $5.14M worth of Alliance Data Systems Corporation (NYSE:ADS) or 21,000 shares. Miller Melisa A also sold $3.00 million worth of Alliance Data Systems Corporation (NYSE:ADS) shares.

Alliance Data Systems Corporation (NYSE:ADS) Institutional Positions Chart

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