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Telemus Capital Cut Lannet (LCI) Position; Light Street Capital Management Increased By $4.25 Million Its Facebook (FB) Stake

Light Street Capital Management Llc increased Facebook Inc (FB) stake by 5.56% reported in 2017Q3 SEC filing. Light Street Capital Management Llc acquired 25,000 shares as Facebook Inc (FB)’s stock rose 10.88%. The Light Street Capital Management Llc holds 475,000 shares with $81.16 million value, up from 450,000 last quarter. Facebook Inc now has $521.22 billion valuation. The stock decreased 4.47% or $8.4 during the last trading session, reaching $179.37. About 77.55M shares traded or 356.22% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 15, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Telemus Capital Llc decreased Lannet Inc (LCI) stake by 99.36% reported in 2017Q3 SEC filing. Telemus Capital Llc sold 5.98M shares as Lannet Inc (LCI)’s stock declined 10.94%. The Telemus Capital Llc holds 38,300 shares with $707,000 value, down from 6.02 million last quarter. Lannet Inc now has $933.07M valuation. The stock decreased 0.40% or $0.1 during the last trading session, reaching $24.75. About 452,081 shares traded. Lannett Company, Inc. (NYSE:LCI) has declined 2.16% since January 15, 2017 and is downtrending. It has underperformed by 18.86% the S&P500.

Telemus Capital Llc increased Brookfield Infrast Partners (NYSE:BIP) stake by 15,000 shares to 25,000 valued at $1.08 million in 2017Q3. It also upped Johnson & Johnson (NYSE:JNJ) stake by 4,534 shares and now owns 24,364 shares. Ishares Tr (FLOT) was raised too.

Since December 13, 2017, it had 0 insider purchases, and 2 sales for $255,620 activity. On Wednesday, December 13 the insider FARBER DAVID sold $5,520.

Among 10 analysts covering Lannett (NYSE:LCI), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. Lannett had 27 analyst reports since July 21, 2015 according to SRatingsIntel. TH Capital maintained Lannett Company, Inc. (NYSE:LCI) rating on Thursday, September 3. TH Capital has “Buy” rating and $68.0 target. On Monday, September 7 the stock rating was upgraded by Zacks to “Strong-Buy”. The stock of Lannett Company, Inc. (NYSE:LCI) has “Buy” rating given on Thursday, August 27 by Craig Hallum. As per Monday, August 14, the company rating was maintained by Deutsche Bank. Roth Capital maintained the shares of LCI in report on Thursday, March 24 with “Buy” rating. Roth Capital maintained the stock with “Buy” rating in Tuesday, August 22 report. The stock has “Hold” rating by Craig Hallum on Thursday, November 5. The stock of Lannett Company, Inc. (NYSE:LCI) earned “Hold” rating by Deutsche Bank on Monday, July 17. Canaccord Genuity downgraded Lannett Company, Inc. (NYSE:LCI) rating on Thursday, March 24. Canaccord Genuity has “Sell” rating and $18 target. The firm has “Outperform” rating by Raymond James given on Wednesday, August 24.

Analysts await Lannett Company, Inc. (NYSE:LCI) to report earnings on February, 7. They expect $0.87 earnings per share, down 5.43% or $0.05 from last year’s $0.92 per share. LCI’s profit will be $32.80 million for 7.11 P/E if the $0.87 EPS becomes a reality. After $0.60 actual earnings per share reported by Lannett Company, Inc. for the previous quarter, Wall Street now forecasts 45.00% EPS growth.

Investors sentiment increased to 1.48 in 2017 Q3. Its up 0.60, from 0.88 in 2017Q2. It is positive, as 13 investors sold LCI shares while 37 reduced holdings. 24 funds opened positions while 50 raised stakes. 27.62 million shares or 13.83% less from 32.05 million shares in 2017Q2 were reported. Credit Suisse Ag has invested 0% in Lannett Company, Inc. (NYSE:LCI). Sei Invs reported 1,881 shares or 0% of all its holdings. Northwestern Mutual Wealth reported 209 shares or 0% of all its holdings. Wells Fargo Mn owns 41,567 shares or 0% of their US portfolio. Moreover, Employees Retirement Association Of Colorado has 0% invested in Lannett Company, Inc. (NYSE:LCI). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 855 shares in its portfolio. Assetmark has invested 0% in Lannett Company, Inc. (NYSE:LCI). Comerica National Bank & Trust reported 31,690 shares. Cubist Systematic Strategies stated it has 37,942 shares or 0.04% of all its holdings. Pinnacle Assocs Ltd, a New York-based fund reported 34,135 shares. Bnp Paribas Arbitrage Sa holds 0% or 15,384 shares in its portfolio. State Street Corporation reported 1.01 million shares stake. Hartford has 0% invested in Lannett Company, Inc. (NYSE:LCI) for 11,500 shares. 35,000 are held by Balyasny Asset Mngmt Lc. Aqr Capital Mgmt Lc accumulated 42,962 shares.

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.25, from 1.4 in 2017Q2. It is negative, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Salient Trust Lta owns 37,484 shares for 0.77% of their portfolio. Nelson Roberts Advisors Ltd Liability Com holds 2,568 shares or 0.14% of its portfolio. Churchill holds 0.22% in Facebook, Inc. (NASDAQ:FB) or 51,894 shares. Trust Department Mb State Bank N A reported 1,363 shares or 0.02% of all its holdings. Kingdon Capital Mngmt Limited Liability Company holds 179,758 shares or 2% of its portfolio. Fjarde Ap, Alabama-based fund reported 557,066 shares. First Western Capital Mngmt Company owns 0.27% invested in Facebook, Inc. (NASDAQ:FB) for 2,736 shares. Guyasuta Inv Advsr has 0.03% invested in Facebook, Inc. (NASDAQ:FB). Martingale Asset Mngmt LP has 0.62% invested in Facebook, Inc. (NASDAQ:FB) for 270,500 shares. R G Niederhoffer Capital Management Incorporated invested 5.06% in Facebook, Inc. (NASDAQ:FB). Mu Invests accumulated 0.08% or 650 shares. Nikko Asset Mgmt Americas holds 108,000 shares. Perkins Coie Tru Com reported 0.2% of its portfolio in Facebook, Inc. (NASDAQ:FB). High Pointe Lc has 0.54% invested in Facebook, Inc. (NASDAQ:FB) for 2,170 shares. Carderock Management holds 1.48% in Facebook, Inc. (NASDAQ:FB) or 19,240 shares.

Light Street Capital Management Llc decreased Alibaba Group Hldg Ltd (NYSE:BABA) stake by 55,000 shares to 320,000 valued at $55.27M in 2017Q3. It also reduced Amazon Com Inc (NASDAQ:AMZN) stake by 2,500 shares and now owns 55,000 shares. Blackline Inc was reduced too.

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