United American Securities Increases Position in Bank Of America Co (BAC); Quantres Asset Management LTD Decreased Incyte (INCY) Holding by $404,200 as Stock Declined

May 26, 2018 - By Michael Collier

Incyte Corporation (NASDAQ:INCY) Logo

United American Securities Inc increased its stake in Bank Of America Corporation Co (BAC) by 365.28% based on its latest 2017Q4 regulatory filing with the SEC. United American Securities Inc bought 74,700 shares as the company’s stock declined 1.20% with the market. The institutional investor held 95,150 shares of the major banks company at the end of 2017Q4, valued at $2.81 million, up from 20,450 at the end of the previous reported quarter. United American Securities Inc who had been investing in Bank Of America Corporation Co for a number of months, seems to be bullish on the $305.80B market cap company. The stock decreased 0.17% or $0.05 during the last trading session, reaching $30.16. About 44.17M shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 26, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Quantres Asset Management Ltd decreased its stake in Incyte Corp (INCY) by 28.1% based on its latest 2017Q4 regulatory filing with the SEC. Quantres Asset Management Ltd sold 4,300 shares as the company’s stock declined 11.25% with the market. The institutional investor held 11,000 shares of the commercial physical & biological resarch company at the end of 2017Q4, valued at $1.04 million, down from 15,300 at the end of the previous reported quarter. Quantres Asset Management Ltd who had been investing in Incyte Corp for a number of months, seems to be less bullish one the $14.51 billion market cap company. The stock increased 2.64% or $1.76 during the last trading session, reaching $68.43. About 1.26M shares traded. Incyte Corporation (NASDAQ:INCY) has declined 39.22% since May 26, 2017 and is downtrending. It has underperformed by 50.77% the S&P500.

More important recent Incyte Corporation (NASDAQ:INCY) news were published by: Nasdaq.com which released: “3 Cheap Growth Stocks With Upside Catalysts” on May 21, 2018, also Seekingalpha.com published article titled: “Shopify Cannot Be Killed Easily – Cramer’s Lightning Round (5/23/18)”, Bizjournals.com published: “Big Peninsula biotech buyout means happy returns for Kleiner Perkins, other VCs” on May 10, 2018. More interesting news about Incyte Corporation (NASDAQ:INCY) was released by: Seekingalpha.com and their article: “Best And Worst Performing Nasdaq 100 Stocks Of 2018” with publication date: May 25, 2018.

Among 27 analysts covering Incyte (NASDAQ:INCY), 20 have Buy rating, 0 Sell and 7 Hold. Therefore 74% are positive. Incyte had 91 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Wednesday, November 1 with “Outperform”. The stock has “Buy” rating by Nomura on Tuesday, October 6. The firm earned “Outperform” rating on Wednesday, October 12 by RBC Capital Markets. SunTrust maintained Incyte Corporation (NASDAQ:INCY) on Monday, April 23 with “Buy” rating. The stock has “Buy” rating by Raymond James on Thursday, February 15. The stock of Incyte Corporation (NASDAQ:INCY) earned “Buy” rating by UBS on Wednesday, November 4. The rating was maintained by Argus Research with “Buy” on Tuesday, August 18. As per Tuesday, October 31, the company rating was maintained by SunTrust. The firm has “Buy” rating given on Tuesday, June 20 by Jefferies. Guggenheim downgraded Incyte Corporation (NASDAQ:INCY) on Friday, April 6 to “Neutral” rating.

Investors sentiment increased to 1.06 in 2017 Q4. Its up 0.02, from 1.04 in 2017Q3. It improved, as 59 investors sold INCY shares while 141 reduced holdings. 59 funds opened positions while 153 raised stakes. 191.73 million shares or 1.46% more from 188.97 million shares in 2017Q3 were reported. Millennium Mngmt Limited Co reported 362,937 shares. Commonwealth Bank Of Australia reported 69 shares. The Georgia-based Emory University has invested 1.38% in Incyte Corporation (NASDAQ:INCY). Polar Limited Liability Partnership has 42,500 shares for 0.04% of their portfolio. Great West Life Assurance Can has invested 0.03% in Incyte Corporation (NASDAQ:INCY). New Mexico Educational Retirement Board holds 0.06% of its portfolio in Incyte Corporation (NASDAQ:INCY) for 16,400 shares. Parametric Port Associate Ltd Liability holds 233,760 shares. Cibc Ww Corp reported 0.04% in Incyte Corporation (NASDAQ:INCY). Architects, a New Jersey-based fund reported 365 shares. Moreover, Gulf Comml Bank (Uk) Limited has 0.07% invested in Incyte Corporation (NASDAQ:INCY) for 54,925 shares. Vanguard Grp Inc Inc holds 0.07% or 18.00M shares in its portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 8,177 shares. Tocqueville Asset Mngmt Limited Partnership holds 0.07% or 69,685 shares in its portfolio. 4 were reported by Clarivest Asset Management Limited Co. Sectoral Asset Mngmt, a Quebec – Canada-based fund reported 38,945 shares.

Quantres Asset Management Ltd, which manages about $158.73M US Long portfolio, upped its stake in Apache Corp (NYSE:APA) by 16,300 shares to 25,200 shares, valued at $1.06M in 2017Q4, according to the filing. It also increased its holding in Under Armour Inc (NYSE:UA) by 103,100 shares in the quarter, for a total of 197,100 shares, and has risen its stake in Duke Energy Corp (NYSE:DUK).

Since January 5, 2018, it had 1 buy, and 4 sales for $5.08 million activity. SWAIN PAULA J had sold 80,000 shares worth $4.99M. $167,013 worth of stock was sold by GRYSKA DAVID W on Tuesday, February 20. On Wednesday, May 2 Hoppenot Herve bought $914,100 worth of Incyte Corporation (NASDAQ:INCY) or 15,000 shares.

Analysts await Incyte Corporation (NASDAQ:INCY) to report earnings on August, 7. They expect $-0.06 earnings per share, 0.00% or $0.00 from last year’s $-0.06 per share. After $-0.18 actual earnings per share reported by Incyte Corporation for the previous quarter, Wall Street now forecasts -66.67% EPS growth.

United American Securities Inc, which manages about $201.06M and $215.78M US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 38,239 shares to 22,396 shares, valued at $3.86 million in 2017Q4, according to the filing.

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.15, from 1.04 in 2017Q3. It improved, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. 6.85 billion shares or 0.98% less from 6.91 billion shares in 2017Q3 were reported. Patten Incorporated reported 3,913 shares or 0.05% of all its holdings. Wills Fincl Group Incorporated invested 0.19% of its portfolio in Bank of America Corporation (NYSE:BAC). State Street Corporation invested in 443.70M shares or 1.05% of the stock. Glenview Bancorporation Tru Dept invested in 28,625 shares. Loomis Sayles & Limited Partnership reported 2.85M shares. Employees Retirement Association Of Colorado owns 1.87 million shares for 0.35% of their portfolio. The Quebec – Canada-based Fiera Cap Corporation has invested 0.03% in Bank of America Corporation (NYSE:BAC). Deutsche Bancorporation Ag owns 33.66 million shares. Alliancebernstein LP holds 1.19% of its portfolio in Bank of America Corporation (NYSE:BAC) for 56.18 million shares. Berkshire Hathaway Inc reported 679.00 million shares. Pillar Pacific Cap Management Limited Liability Corporation holds 1.34% or 371,930 shares in its portfolio. Us Financial Bank De accumulated 6.00 million shares. Cypress Mgmt Limited Liability (Wy) owns 4,671 shares. Smithbridge Asset Management De holds 0.41% or 22,113 shares in its portfolio. Asset Mgmt Limited Liability Company holds 4.39% or 177,550 shares.

Incyte Corporation (NASDAQ:INCY) Institutional Positions Chart

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