Market News

Cortina Asset Management Has Lowered Biotelemetry (BEAT) Holding by $2.19 Million; Atria Investments Upped Its Alexandria Real Estate Eq In (ARE) Stake by $1.08 Million as Market Valuation Rose

Atria Investments Llc increased its stake in Alexandria Real Estate Eq In (ARE) by 439.86% based on its latest 2017Q3 regulatory filing with the SEC. Atria Investments Llc bought 9,193 shares as the company’s stock rose 1.11% with the market. The institutional investor held 11,283 shares of the consumer services company at the end of 2017Q3, valued at $1.34M, up from 2,090 at the end of the previous reported quarter. Atria Investments Llc who had been investing in Alexandria Real Estate Eq In for a number of months, seems to be bullish on the $12.76 billion market cap company. The stock increased 3.02% or $3.46 during the last trading session, reaching $118.04. About 958,186 shares traded or 23.03% up from the average. Alexandria Real Estate Equities, Inc. (NYSE:ARE) has risen 25.81% since February 11, 2017 and is uptrending. It has outperformed by 9.11% the S&P500.

Cortina Asset Management Llc decreased its stake in Biotelemetry Inc (BEAT) by 20.72% based on its latest 2017Q3 regulatory filing with the SEC. Cortina Asset Management Llc sold 66,218 shares as the company’s stock rose 13.43% with the market. The institutional investor held 253,420 shares of the health care company at the end of 2017Q3, valued at $8.36M, down from 319,638 at the end of the previous reported quarter. Cortina Asset Management Llc who had been investing in Biotelemetry Inc for a number of months, seems to be less bullish one the $1.03 billion market cap company. The stock increased 1.93% or $0.6 during the last trading session, reaching $31.65. About 350,697 shares traded. BioTelemetry, Inc. (NASDAQ:BEAT) has risen 87.79% since February 11, 2017 and is uptrending. It has outperformed by 71.09% the S&P500.

Among 6 analysts covering BioTelemetry (NASDAQ:BEAT), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. BioTelemetry had 9 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of BioTelemetry, Inc. (NASDAQ:BEAT) has “Buy” rating given on Tuesday, July 28 by Dougherty & Company. The stock of BioTelemetry, Inc. (NASDAQ:BEAT) earned “Buy” rating by Sidoti on Tuesday, September 13. Raymond James maintained the shares of BEAT in report on Thursday, November 30 with “Buy” rating. The firm earned “Buy” rating on Friday, December 2 by Dougherty & Company. The stock has “Buy” rating by Dougherty & Company on Tuesday, April 11.

Cortina Asset Management Llc, which manages about $2.83 billion and $2.44B US Long portfolio, upped its stake in Usa Technologies Inc (NASDAQ:USAT) by 190,107 shares to 1.24M shares, valued at $7.75M in 2017Q3, according to the filing. It also increased its holding in K2m Group Holdings Inc (NASDAQ:KTWO) by 90,365 shares in the quarter, for a total of 1.74 million shares, and has risen its stake in Tile Shop Hldgs Inc (NASDAQ:TTS).

Investors sentiment decreased to 1.28 in 2017 Q3. Its down 0.02, from 1.3 in 2017Q2. It dropped, as 15 investors sold BEAT shares while 66 reduced holdings. 41 funds opened positions while 63 raised stakes. 25.49 million shares or 7.15% more from 23.79 million shares in 2017Q2 were reported. 953,400 are owned by Renaissance Techs Llc. Moreover, Sei Investments Co has 0.02% invested in BioTelemetry, Inc. (NASDAQ:BEAT). Art Advisors Ltd reported 11,884 shares. Psagot Inv House Limited holds 0.03% or 22,350 shares in its portfolio. Prelude Mngmt Limited Co has 0.09% invested in BioTelemetry, Inc. (NASDAQ:BEAT) for 30,474 shares. The Missouri-based Stifel Finance has invested 0.05% in BioTelemetry, Inc. (NASDAQ:BEAT). Moreover, Los Angeles Mgmt Equity Research has 0% invested in BioTelemetry, Inc. (NASDAQ:BEAT) for 7,020 shares. Bridgeway Capital Management Inc reported 0% stake. Argent Capital Management Ltd Liability Company, a Missouri-based fund reported 47,977 shares. Rhumbline Advisers, a Massachusetts-based fund reported 56,903 shares. State Common Retirement Fund owns 46,634 shares or 0% of their US portfolio. Concorde Asset Mgmt Ltd Co has 1.02% invested in BioTelemetry, Inc. (NASDAQ:BEAT) for 35,813 shares. Voya Invest Ltd Liability Company owns 13,644 shares for 0% of their portfolio. Campbell Newman Asset Mgmt invested in 0.05% or 8,338 shares. Columbia Ptnrs L L C Investment Management, Maryland-based fund reported 54,598 shares.

Analysts await BioTelemetry, Inc. (NASDAQ:BEAT) to report earnings on February, 28. They expect $0.21 earnings per share, up 16.67% or $0.03 from last year’s $0.18 per share. BEAT’s profit will be $6.81 million for 37.68 P/E if the $0.21 EPS becomes a reality. After $0.16 actual earnings per share reported by BioTelemetry, Inc. for the previous quarter, Wall Street now forecasts 31.25% EPS growth.

Atria Investments Llc, which manages about $2.88 billion and $1.84B US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 3,631 shares to 103,139 shares, valued at $17.62 million in 2017Q3, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 2,295 shares in the quarter, leaving it with 102,874 shares, and cut its stake in Spdr Index Shs Fds (RWO).

Among 8 analysts covering Alexandria Real Estate Equities Inc. (NYSE:ARE), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Alexandria Real Estate Equities Inc. had 21 analyst reports since August 24, 2015 according to SRatingsIntel. Bank of America upgraded the shares of ARE in report on Monday, December 4 to “Buy” rating. The company was initiated on Thursday, August 25 by BTIG Research. Barclays Capital maintained Alexandria Real Estate Equities, Inc. (NYSE:ARE) on Tuesday, January 30 with “Overweight” rating. The firm has “Outperform” rating given on Tuesday, March 21 by Evercore. The rating was upgraded by JP Morgan on Tuesday, October 13 to “Overweight”. On Monday, November 6 the stock rating was maintained by Bank of America with “Neutral”. The firm has “Buy” rating given on Tuesday, October 31 by Mizuho. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, July 19. The company was maintained on Monday, November 13 by Citigroup. JP Morgan maintained it with “Overweight” rating and $111 target in Tuesday, August 16 report.

Investors sentiment increased to 1.81 in 2017 Q3. Its up 0.37, from 1.44 in 2017Q2. It is positive, as 18 investors sold ARE shares while 90 reduced holdings. 49 funds opened positions while 147 raised stakes. 92.94 million shares or 1.38% less from 94.23 million shares in 2017Q2 were reported. Gotham Asset Mngmt owns 6,466 shares. Strs Ohio holds 0.31% or 604,200 shares in its portfolio. Phocas Fincl has invested 0.25% in Alexandria Real Estate Equities, Inc. (NYSE:ARE). Quadrant Capital Mgmt Ltd Co holds 1.16% in Alexandria Real Estate Equities, Inc. (NYSE:ARE) or 13,159 shares. Kayne Anderson Rudnick Ltd Limited Liability Company owns 22,095 shares. Ameritas Inv Inc holds 0.01% or 2,069 shares. Pensionfund Dsm Netherlands reported 0.3% stake. Forward Mgmt Lc owns 17,900 shares or 0.24% of their US portfolio. Arizona State Retirement System owns 57,151 shares for 0.08% of their portfolio. Bancorporation reported 3,074 shares. Dimensional Fund Advsrs LP reported 0.07% stake. Fund Mngmt holds 0.02% of its portfolio in Alexandria Real Estate Equities, Inc. (NYSE:ARE) for 27,600 shares. Rampart Inv Mgmt Ltd Co accumulated 1,260 shares. The Switzerland-based Swiss Bancorporation has invested 0.05% in Alexandria Real Estate Equities, Inc. (NYSE:ARE). Renaissance Technologies Ltd Liability has invested 0.04% in Alexandria Real Estate Equities, Inc. (NYSE:ARE).

Leave a Reply

Your email address will not be published. Required fields are marked *