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EPS for Egalet (EGLT) Expected At $-0.38; Westchester Capital Management Has Decreased Its American International Group (AIG) Stake

Westchester Capital Management Llc decreased American International Group Inc. (AIG) stake by 22.76% reported in 2017Q3 SEC filing. Westchester Capital Management Llc sold 255,900 shares as American International Group Inc. (AIG)’s stock declined 2.08%. The Westchester Capital Management Llc holds 868,600 shares with $53.32 million value, down from 1.12M last quarter. American International Group Inc. now has $54.31B valuation. The stock increased 0.23% or $0.14 during the last trading session, reaching $60.18. About 7.20M shares traded or 25.58% up from the average. American International Group, Inc. (NYSE:AIG) has risen 8.59% since February 22, 2017 and is uptrending. It has underperformed by 8.11% the S&P500.

Analysts expect Egalet Corporation (NASDAQ:EGLT) to report $-0.38 EPS on March, 8.They anticipate $0.49 EPS change or 56.32% from last quarter’s $-0.87 EPS. After having $-0.46 EPS previously, Egalet Corporation’s analysts see -17.39% EPS growth. The stock decreased 5.59% or $0.05 during the last trading session, reaching $0.76. About 446,599 shares traded. Egalet Corporation (NASDAQ:EGLT) has declined 46.67% since February 22, 2017 and is downtrending. It has underperformed by 63.37% the S&P500.

Among 5 analysts covering Egalet Ltd (NASDAQ:EGLT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Egalet Ltd had 13 analyst reports since November 4, 2015 according to SRatingsIntel. The firm has “Hold” rating by Gabelli given on Thursday, November 9. The rating was maintained by JMP Securities with “Market Outperform” on Friday, July 14. The stock of Egalet Corporation (NASDAQ:EGLT) has “Buy” rating given on Thursday, June 1 by Cantor Fitzgerald. The stock of Egalet Corporation (NASDAQ:EGLT) earned “Buy” rating by Cantor Fitzgerald on Friday, August 25. Cantor Fitzgerald maintained it with “Buy” rating and $7.0 target in Monday, September 11 report. The stock has “Buy” rating by Cantor Fitzgerald on Wednesday, November 4. The stock has “Buy” rating by Guggenheim on Monday, August 14. The stock has “Buy” rating by Cantor Fitzgerald on Monday, August 14. The firm has “Buy” rating given on Wednesday, June 7 by Cantor Fitzgerald. The firm has “Hold” rating given on Wednesday, January 3 by Stifel Nicolaus.

Investors sentiment decreased to 0.58 in 2017 Q3. Its down 0.13, from 0.71 in 2017Q2. It dived, as 14 investors sold Egalet Corporation shares while 17 reduced holdings. 11 funds opened positions while 7 raised stakes. 20.27 million shares or 84.59% more from 10.98 million shares in 2017Q2 were reported. Utah-based Wasatch Advsr has invested 0% in Egalet Corporation (NASDAQ:EGLT). Glenmede Tru Na reported 0% of its portfolio in Egalet Corporation (NASDAQ:EGLT). Sabby Ltd Liability has invested 0.06% in Egalet Corporation (NASDAQ:EGLT). 266,928 were accumulated by Hightower Advsr Ltd Liability Corp. Highland Capital Limited Partnership accumulated 0.01% or 119,520 shares. Msd Prns Ltd Partnership reported 0.04% in Egalet Corporation (NASDAQ:EGLT). New Jersey Better Educational Savings Tru, a New Jersey-based fund reported 120,000 shares. Fmr Limited Liability Company holds 0% or 2.30M shares. Rock Springs Capital Mngmt Limited Partnership holds 0.02% of its portfolio in Egalet Corporation (NASDAQ:EGLT) for 300,000 shares. Parallax Volatility Advisers Ltd Partnership has invested 0% in Egalet Corporation (NASDAQ:EGLT). Barclays Public Ltd Liability Corp holds 0% of its portfolio in Egalet Corporation (NASDAQ:EGLT) for 1,265 shares. Meeder Asset Mngmt Inc has invested 0% of its portfolio in Egalet Corporation (NASDAQ:EGLT). Bridgeway Capital Mgmt invested in 191,350 shares or 0% of the stock. D E Shaw Incorporated has invested 0% in Egalet Corporation (NASDAQ:EGLT). Highbridge Ltd Limited Liability Company holds 0.08% or 4.25 million shares.

Egalet Corporation, a specialty pharmaceutical company, develops, makes, and commercializes treatments for patients with pain and other conditions. The company has market cap of $34.89 million. It has licensed three approved pain products, such as SPRIX Nasal Spray, a non-steroidal anti-inflammatory drug indicated in adult patients for the short-term management of moderate to moderately severe pain that requires analgesia at the opioid level; OXAYDO, an immediate-release oxycodone product designed to discourage abuse via snorting for the management of acute and chronic moderate to severe pain where an opioid is appropriate; and ARYMO ER, an extended-release morphine product formulated with abuse-deterrent (AD) properties for the management of pain severe enough to require daily, around-the-clock, long-term opioid treatment and for which alternative treatment options are inadequate. It currently has negative earnings. The firm is also developing Egalet-002, a Guardian Technology AD, ER, oral oxycodone formulation, which is in Phase III clinical trials for the same indication as ARYMO ER.

Westchester Capital Management Llc increased Ashland Global Holdings Inc. stake by 6,300 shares to 806,200 valued at $52.72M in 2017Q3. It also upped Hewlett Packard Enterprise Company stake by 267,297 shares and now owns 5.66 million shares. Spdr S&P 500 Etf Tr (Put) (SPY) was raised too.

Among 21 analysts covering American International Group (NYSE:AIG), 13 have Buy rating, 2 Sell and 6 Hold. Therefore 62% are positive. American International Group had 74 analyst reports since August 5, 2015 according to SRatingsIntel. Janney Capital upgraded the shares of AIG in report on Wednesday, March 30 to “Buy” rating. The rating was maintained by Wells Fargo with “Buy” on Friday, April 21. RBC Capital Markets maintained American International Group, Inc. (NYSE:AIG) on Friday, February 17 with “Outperform” rating. The firm has “Market Perform” rating by FBR Capital given on Friday, February 26. The stock of American International Group, Inc. (NYSE:AIG) earned “Neutral” rating by Credit Suisse on Friday, October 7. Standpoint Research downgraded the stock to “Hold” rating in Monday, November 23 report. The company was maintained on Tuesday, October 10 by Morgan Stanley. The firm earned “Neutral” rating on Tuesday, March 22 by Atlantic Securities. Keefe Bruyette & Woods maintained American International Group, Inc. (NYSE:AIG) rating on Thursday, October 5. Keefe Bruyette & Woods has “Buy” rating and $75.0 target. The firm has “Outperform” rating by FBR Capital given on Wednesday, August 5.

Investors sentiment increased to 0.79 in Q3 2017. Its up 0.15, from 0.64 in 2017Q2. It improved, as 72 investors sold AIG shares while 293 reduced holdings. 78 funds opened positions while 211 raised stakes. 748.00 million shares or 0.80% more from 742.03 million shares in 2017Q2 were reported. Jfs Wealth Advisors Llc owns 570 shares. Synovus Corporation invested in 0.11% or 93,385 shares. Westwood Hldg holds 0.73% in American International Group, Inc. (NYSE:AIG) or 1.51M shares. Segall Bryant Hamill Limited Liability Company reported 490,039 shares. Winfield Assoc stated it has 190 shares. Supplemental Annuity Collective Of Nj accumulated 20,000 shares or 0.54% of the stock. Comm National Bank holds 42,498 shares. Webster National Bank N A reported 0.04% stake. Tortoise Inv has invested 0.01% of its portfolio in American International Group, Inc. (NYSE:AIG). Nj State Employees Deferred Compensation Plan reported 5,500 shares or 0.06% of all its holdings. Natixis invested in 86,250 shares or 0.05% of the stock. Eubel Brady Suttman Asset Management, a Ohio-based fund reported 241,613 shares. Zwj Investment Counsel stated it has 0.05% of its portfolio in American International Group, Inc. (NYSE:AIG). Gemmer Asset Management Ltd Limited Liability Company owns 779 shares. Schwab Charles Mgmt, California-based fund reported 3.59M shares.

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