Stock News

Mirae Asset Global Investments Trimmed Aetna New (AET) Position by $3.18 Million; Marble Arch Investments LP Cut Applied Matls (AMAT) Stake by $4.28 Million; Share Price Rose

Applied Materials, Inc. (NASDAQ:AMAT) Logo

Mirae Asset Global Investments decreased its stake in Aetna Inc New (AET) by 37.38% based on its latest 2017Q4 regulatory filing with the SEC. Mirae Asset Global Investments sold 17,686 shares as the company’s stock declined 6.45% with the market. The institutional investor held 29,630 shares of the medical specialities company at the end of 2017Q4, valued at $5.35 million, down from 47,316 at the end of the previous reported quarter. Mirae Asset Global Investments who had been investing in Aetna Inc New for a number of months, seems to be less bullish one the $58.17 billion market cap company. The stock increased 0.41% or $0.725 during the last trading session, reaching $177.825. About 149,472 shares traded. Aetna Inc. (NYSE:AET) has risen 33.34% since April 24, 2017 and is uptrending. It has outperformed by 21.79% the S&P500.

Scott Mclellan decreased its stake in Applied Matls Inc (AMAT) by 3.98% based on its latest 2017Q4 regulatory filing with the SEC. Marble Arch Investments Lp sold 84,000 shares as the company’s stock rose 6.49% while stock markets declined. The hedge fund run by Scott Mclellan held 2.02 million shares of the technology company at the end of 2017Q4, valued at $103.49M, down from 2.11M at the end of the previous reported quarter. Marble Arch Investments Lp who had been investing in Applied Matls Inc for a number of months, seems to be less bullish one the $52.70B market cap company. The stock decreased 0.04% or $0.02 during the last trading session, reaching $50.16. About 2.29 million shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 42.67% since April 24, 2017 and is uptrending. It has outperformed by 31.12% the S&P500.

Among 24 analysts covering Aetna (NYSE:AET), 11 have Buy rating, 0 Sell and 13 Hold. Therefore 46% are positive. Aetna had 73 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Aetna Inc. (NYSE:AET) has “Hold” rating given on Tuesday, February 2 by Jefferies. The firm has “Hold” rating given on Wednesday, December 6 by Argus Research. The rating was maintained by Wedbush on Tuesday, February 2 with “Neutral”. The stock has “Buy” rating by Evercore on Friday, September 23. Piper Jaffray initiated the shares of AET in report on Wednesday, January 4 with “Neutral” rating. The company was maintained on Friday, May 26 by Cowen & Co. Stifel Nicolaus maintained Aetna Inc. (NYSE:AET) on Tuesday, May 16 with “Buy” rating. PiperJaffray upgraded the shares of AET in report on Wednesday, January 3 to “Overweight” rating. Cowen & Co maintained Aetna Inc. (NYSE:AET) rating on Wednesday, September 20. Cowen & Co has “Buy” rating and $170.0 target. The company was downgraded on Thursday, July 21 by Wolfe Research.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.08, from 0.91 in 2017Q3. It fall, as 69 investors sold AET shares while 345 reduced holdings. 147 funds opened positions while 198 raised stakes. 275.71 million shares or 1.91% less from 281.08 million shares in 2017Q3 were reported. First Commonwealth Financial Pa accumulated 2,827 shares. Commercial Bank Of The West invested in 7,253 shares or 0.16% of the stock. 340,000 are held by Fir Tree Cap Mngmt Lp. Twin Securities owns 458,805 shares. Da Davidson & has invested 0.02% in Aetna Inc. (NYSE:AET). 14,502 were accumulated by Rockefeller Financial Services Incorporated. Gw Henssler And Associate Ltd holds 0.26% in Aetna Inc. (NYSE:AET) or 15,671 shares. Bessemer Incorporated holds 13,363 shares or 0.01% of its portfolio. Univest Of Pennsylvania holds 1.7% or 23,443 shares in its portfolio. Cubist Systematic Strategies invested 0.07% of its portfolio in Aetna Inc. (NYSE:AET). Moreover, Massmutual Trust Fsb Adv has 0.05% invested in Aetna Inc. (NYSE:AET) for 8,269 shares. Perella Weinberg Prns Mngmt Lp stated it has 1.46% in Aetna Inc. (NYSE:AET). Hsbc Hldg Public Ltd Co accumulated 547,920 shares. Kemnay Advisory Services owns 0.59% invested in Aetna Inc. (NYSE:AET) for 7,299 shares. Leisure Mgmt invested in 0.18% or 1,225 shares.

Analysts await Aetna Inc. (NYSE:AET) to report earnings on May, 1 before the open. They expect $3.00 EPS, up 10.70% or $0.29 from last year’s $2.71 per share. AET’s profit will be $981.41M for 14.82 P/E if the $3.00 EPS becomes a reality. After $1.25 actual EPS reported by Aetna Inc. for the previous quarter, Wall Street now forecasts 140.00% EPS growth.

Mirae Asset Global Investments, which manages about $4.74 billion and $7.47B US Long portfolio, upped its stake in Neurocrine Biosciences Inc (NASDAQ:NBIX) by 37,690 shares to 53,362 shares, valued at $4.14 million in 2017Q4, according to the filing. It also increased its holding in Texas Instrs Inc (NASDAQ:TXN) by 96,790 shares in the quarter, for a total of 368,798 shares, and has risen its stake in Vaneck Vectors Etf Tr.

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 27 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Applied Materials Inc. had 120 analyst reports since August 4, 2015 according to SRatingsIntel. As per Tuesday, June 28, the company rating was upgraded by Susquehanna. The firm earned “Buy” rating on Thursday, June 2 by Goldman Sachs. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Hold” rating by RBC Capital Markets on Monday, July 24. The firm has “Conviction Buy” rating by Goldman Sachs given on Wednesday, February 3. The company was maintained on Thursday, February 15 by Stifel Nicolaus. The firm has “Neutral” rating by DA Davidson given on Wednesday, April 6. The firm earned “Buy” rating on Monday, July 10 by DA Davidson. The stock has “Buy” rating by Nomura on Friday, September 29. The stock has “Buy” rating by Jefferies on Friday, August 14. The firm earned “Buy” rating on Thursday, February 15 by KeyBanc Capital Markets.

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on May, 17. They expect $1.13 EPS, up 43.04% or $0.34 from last year’s $0.79 per share. AMAT’s profit will be $1.19B for 11.10 P/E if the $1.13 EPS becomes a reality. After $1.06 actual EPS reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts 6.60% EPS growth.

Since December 29, 2017, it had 0 insider purchases, and 4 sales for $10.41 million activity. Forrest Stephen R had sold 4,000 shares worth $214,680 on Wednesday, January 3. Another trade for 125,125 shares valued at $6.44 million was sold by Salehpour Ali. Another trade for 53,466 shares valued at $2.83M was sold by Nalamasu Omkaram.

Applied Materials, Inc. (NASDAQ:AMAT) Institutional Positions Chart

Leave a Reply

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