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MacroGenics, Inc. (MGNX) Is At $23.30 Formed Wedge; Ionic Capital Management Has Boosted Its Anadarko Pete (Call) (APC) Position

MacroGenics, Inc. (MGNX) formed wedge up with $24.70 target or 6.00% above today’s $23.30 share price. MacroGenics, Inc. (MGNX) has $857.97 million valuation. The stock decreased 1.02% or $0.24 during the last trading session, reaching $23.3. About 186,134 shares traded. MacroGenics, Inc. (NASDAQ:MGNX) has declined 9.76% since February 20, 2017 and is downtrending. It has underperformed by 26.46% the S&P500.

Ionic Capital Management Llc increased Anadarko Pete Corp (Call) (APC) stake by 13.16% reported in 2017Q3 SEC filing. Ionic Capital Management Llc acquired 25,000 shares as Anadarko Pete Corp (Call) (APC)’s stock declined 20.17%. The Ionic Capital Management Llc holds 215,000 shares with $10.50 million value, up from 190,000 last quarter. Anadarko Pete Corp (Call) now has $31.51B valuation. The stock decreased 0.74% or $0.44 during the last trading session, reaching $59.18. About 3.86 million shares traded. Anadarko Petroleum Corporation (NYSE:APC) has risen 8.29% since February 20, 2017 and is uptrending. It has underperformed by 8.41% the S&P500.

Ionic Capital Management Llc decreased Air Prods & Chems Inc (NYSE:APD) stake by 4,604 shares to 50,271 valued at $7.60M in 2017Q3. It also reduced Microsoft Corp (NASDAQ:MSFT) stake by 24,379 shares and now owns 148,221 shares. Altaba Inc (Call) was reduced too.

Investors sentiment increased to 0.84 in Q3 2017. Its up 0.02, from 0.82 in 2017Q2. It improved, as 54 investors sold APC shares while 267 reduced holdings. 93 funds opened positions while 178 raised stakes. 468.24 million shares or 0.20% less from 469.17 million shares in 2017Q2 were reported. The Connecticut-based Tide Point Capital Mgmt Ltd Partnership has invested 1.59% in Anadarko Petroleum Corporation (NYSE:APC). British Columbia – Canada-based Pacad Invest Limited has invested 0.23% in Anadarko Petroleum Corporation (NYSE:APC). Stewart Patten Limited Liability Corporation accumulated 0.05% or 5,818 shares. 20,205 are owned by Bradley Foster Sargent Ct. Alliancebernstein Ltd Partnership stated it has 0.04% in Anadarko Petroleum Corporation (NYSE:APC). Dearborn Prtnrs Limited Liability owns 7,033 shares. Korea Inv invested in 0.05% or 204,887 shares. Royal National Bank Of Canada invested in 0.11% or 4.52 million shares. 9,858 are owned by Berkshire Asset Mgmt Ltd Llc Pa. Jane Street Gp Lc invested in 0% or 12,406 shares. State Of New Jersey Common Pension Fund D invested in 0.06% or 312,800 shares. Optimum Invest Advisors invested in 0.18% or 11,041 shares. Commerzbank Aktiengesellschaft Fi stated it has 334,483 shares. Axa invested 0.02% in Anadarko Petroleum Corporation (NYSE:APC). Vanguard Grp Incorporated Inc stated it has 0.09% in Anadarko Petroleum Corporation (NYSE:APC).

Among 39 analysts covering Anadarko Petroleum Corporation (NYSE:APC), 32 have Buy rating, 2 Sell and 5 Hold. Therefore 82% are positive. Anadarko Petroleum Corporation had 132 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by MUFG Securities Americas Inc given on Thursday, September 21. The firm has “Buy” rating by Argus Research given on Wednesday, November 25. The company was downgraded on Wednesday, May 4 by Alembic. As per Wednesday, February 3, the company rating was maintained by Credit Suisse. The firm has “Underweight” rating given on Wednesday, June 14 by Barclays Capital. Morgan Stanley maintained the shares of APC in report on Wednesday, October 18 with “Equal-Weight” rating. Guggenheim upgraded the shares of APC in report on Friday, November 11 to “Buy” rating. The firm earned “Buy” rating on Tuesday, January 23 by Credit Suisse. Susquehanna maintained Anadarko Petroleum Corporation (NYSE:APC) rating on Thursday, February 8. Susquehanna has “Buy” rating and $75.0 target. Barclays Capital maintained the shares of APC in report on Wednesday, February 3 with “Equal-Weight” rating.

Among 10 analysts covering MacroGenics (NASDAQ:MGNX), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. MacroGenics had 22 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was initiated by SunTrust with “Buy” on Tuesday, December 20. Stifel Nicolaus maintained it with “Buy” rating and $34.0 target in Monday, September 11 report. Morgan Stanley initiated the shares of MGNX in report on Thursday, February 25 with “Equal-Weight” rating. Zacks downgraded MacroGenics, Inc. (NASDAQ:MGNX) on Monday, August 10 to “Buy” rating. The rating was maintained by BTIG Research with “Buy” on Friday, January 19. Morgan Stanley maintained MacroGenics, Inc. (NASDAQ:MGNX) on Monday, August 7 with “Equal-Weight” rating. The stock of MacroGenics, Inc. (NASDAQ:MGNX) has “Neutral” rating given on Thursday, September 17 by Citigroup. The rating was upgraded by Citigroup to “Buy” on Monday, October 19. The stock of MacroGenics, Inc. (NASDAQ:MGNX) earned “Buy” rating by Stifel Nicolaus on Thursday, August 6. The rating was maintained by SunTrust on Friday, September 1 with “Buy”.

Analysts await MacroGenics, Inc. (NASDAQ:MGNX) to report earnings on February, 27. They expect $2.58 earnings per share, up 358.00% or $3.58 from last year’s $-1 per share. MGNX’s profit will be $95.00 million for 2.26 P/E if the $2.58 EPS becomes a reality. After $-1.28 actual earnings per share reported by MacroGenics, Inc. for the previous quarter, Wall Street now forecasts -301.56% EPS growth.

Since October 25, 2017, it had 0 insider buys, and 3 selling transactions for $367,500 activity. Wigginton Jon Marc also sold $100,000 worth of MacroGenics, Inc. (NASDAQ:MGNX) on Tuesday, January 16. Another trade for 3,000 shares valued at $67,500 was sold by Risser Eric Blasius.

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