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Granahan Investment Management Maintains Holding in Kindred Biosciences (KIN); As Hess (HES) Stock Price Rose, Holder Capital World Investors Has Cut Its Position by $44.27 Million

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Capital World Investors decreased its stake in Hess Corp (HES) by 14.49% based on its latest 2018Q1 regulatory filing with the SEC. Capital World Investors sold 885,397 shares as the company’s stock rose 23.82% while stock markets declined. The institutional investor held 5.22 million shares of the integrated oil company at the end of 2018Q1, valued at $264.41M, down from 6.11 million at the end of the previous reported quarter. Capital World Investors who had been investing in Hess Corp for a number of months, seems to be less bullish one the $18.15B market cap company. The stock increased 0.03% or $0.02 during the last trading session, reaching $60.49. About 2.82 million shares traded. Hess Corporation (NYSE:HES) has risen 23.77% since June 14, 2017 and is uptrending. It has outperformed by 11.20% the S&P500. Some Historical HES News: 25/04/2018 – HESS ENDS EARNINGS CONFERENCE CALL; 25/04/2018 – HESS SEES FY 2018 E&P CAPITAL & EXPLORATORY EXPENDITURES $2.1B; 05/03/2018 – HESS CEO JOHN HESS COMMENTS AT CERAWEEK BY IHS MARKIT; 25/04/2018 – Hess Corp 1Q Net Cash Provided by Operating Activities $210M; 26/04/2018 – Hess Acquires Interest in New Acreage Offshore Guyana; 09/03/2018 – Fitch: Hess Outlook Reflects Material Reduction in Liquidity as Shr Repurchase Plan Is Implemented; 22/04/2018 – DJ Hess Corporation, Inst Holders, 1Q 2018 (HES); 05/03/2018 – HESS SAYS GUYANA DISCOVERY COULD CONTINUE TO GROW; 14/05/2018 – Hess at Citi Global Energy & Utilities Conference Tomorrow; 25/04/2018 – HESS CORP HES.N CHIEF EXECUTIVE JOHN HESS SAYS FIRST PRODUCTION IN GUYANA LIZA 1 PROJECT STILL EXPECTED BY 2020

Granahan Investment Management Inc increased its stake in Kindred Biosciences (KIN) by 30.62% based on its latest 2018Q1 regulatory filing with the SEC. Granahan Investment Management Inc bought 38,744 shares as the company’s stock rose 15.20% while stock markets declined. The hedge fund held 165,262 shares of the health care company at the end of 2018Q1, valued at $1.43 million, up from 126,518 at the end of the previous reported quarter. Granahan Investment Management Inc who had been investing in Kindred Biosciences for a number of months, seems to be bullish on the $306.00 million market cap company. The stock increased 2.36% or $0.25 during the last trading session, reaching $10.85. About 203,038 shares traded or 60.78% up from the average. Kindred Biosciences, Inc. (NASDAQ:KIN) has risen 39.72% since June 14, 2017 and is uptrending. It has outperformed by 27.15% the S&P500. Some Historical KIN News: 07/05/2018 – Kindred Biosciences Receives FDA Approval of Mirataz™ (mirtazapine transdermal ointment) for the Management of Weight Loss in Cats; 08/05/2018 – Kindred Biosciences 1Q Loss/Shr 36c; 24/04/2018 – Kindred Biosciences: Zimeta IV Is for the Control of Fever in Horses; 29/05/2018 – Kindred Biosciences Presenting at Conference Tomorrow; 24/04/2018 – KIN: FDA SAYS APPROVAL IS PENDING PRE-APPROVAL INSPECTION; 08/05/2018 – KINDRED BIOSCIENCES INC – AS OF MARCH 31, 2018, KINDREDBIO HAD $70.8 MLN IN CASH, CASH EQUIVALENTS AND INVESTMENTS; 30/05/2018 – KindredBio Announces Positive Results from Pilot Effectiveness Study of KIND-014 for the Treatment of Gastric Ulcers in Horses; 07/05/2018 – FDA approves Kindred’s weight-loss ointment for cats; 25/04/2018 – Kindred Biosciences Announces the Appointment of Dr. Ernest Mario and Dr. Joseph McCracken to its Board of Directors; 07/05/2018 – KINDRED BIOSCIENCES SAYS ENTERED INTO AT MARKET ISSUANCE SALES AGREEMENT – SEC FILING

Among 23 analysts covering Hess Corp. (NYSE:HES), 8 have Buy rating, 2 Sell and 13 Hold. Therefore 35% are positive. Hess Corp. had 68 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Citigroup given on Friday, July 21. The firm earned “Buy” rating on Sunday, April 22 by Piper Jaffray. KLR Group downgraded the shares of HES in report on Thursday, April 26 to “Hold” rating. As per Tuesday, January 12, the company rating was initiated by Morgan Stanley. Atlantic Securities upgraded it to “Overweight” rating and $63 target in Tuesday, March 22 report. The stock has “Hold” rating by Cowen & Co on Tuesday, July 18. The firm earned “Outperform” rating on Friday, May 5 by Wells Fargo. The firm has “Neutral” rating given on Thursday, April 28 by UBS. Wolfe Research upgraded the stock to “Outperform” rating in Tuesday, April 11 report. The firm has “Equal-Weight” rating given on Wednesday, January 24 by Morgan Stanley.

Investors sentiment decreased to 0.81 in 2018 Q1. Its down 0.13, from 0.94 in 2017Q4. It fall, as 41 investors sold HES shares while 169 reduced holdings. 49 funds opened positions while 121 raised stakes. 252.61 million shares or 1.34% less from 256.03 million shares in 2017Q4 were reported. 60,404 were reported by Fayez Sarofim And. Kistler has 175 shares for 0% of their portfolio. Sumitomo Life Commerce reported 7,990 shares. Moreover, Sumitomo Mitsui Asset Mgmt Co Ltd has 0.01% invested in Hess Corporation (NYSE:HES). Cleararc Capital Inc invested in 0.05% or 6,820 shares. Adage Cap Ptnrs Gp Limited has invested 0.03% in Hess Corporation (NYSE:HES). Bollard Limited Company holds 0.01% or 4,041 shares in its portfolio. Aperio Group Inc Limited Liability Company holds 127,500 shares or 0.03% of its portfolio. Texas Permanent School Fund holds 69,192 shares or 0.05% of its portfolio. Point72 Asset Mngmt LP owns 50,000 shares or 0.01% of their US portfolio. Horizon Kinetics Limited Co has invested 0.01% in Hess Corporation (NYSE:HES). Federated Pa holds 0% of its portfolio in Hess Corporation (NYSE:HES) for 12,344 shares. Loews Corporation has invested 0.01% of its portfolio in Hess Corporation (NYSE:HES). Stifel Financial invested in 0% or 17,374 shares. Gulf Fincl Bank (Uk) Ltd invested 0.06% in Hess Corporation (NYSE:HES).

Analysts await Hess Corporation (NYSE:HES) to report earnings on July, 25. They expect $-0.34 earnings per share, up 76.71% or $1.12 from last year’s $-1.46 per share. After $-0.27 actual earnings per share reported by Hess Corporation for the previous quarter, Wall Street now forecasts 25.93% negative EPS growth.

More news for Hess Corporation (NYSE:HES) were recently published by: Nasdaq.com, which released: “New Research: Key Drivers of Growth for CNA Financial, AutoNation, Hess, Infinity Pharmaceuticals, Regulus …” on June 12, 2018. Seekingalpha.com‘s article titled: “Hess Corporation: Is It Too Late?” and published on May 21, 2018 is yet another important article.

Capital World Investors, which manages about $444.21 billion US Long portfolio, upped its stake in Bank Of Nt Butterfield And Son Ltd (The) (Usd) by 25,000 shares to 1.87 million shares, valued at $83.70M in 2018Q1, according to the filing. It also increased its holding in Acadia Pharmaceuticals Inc (NASDAQ:ACAD) by 2.31 million shares in the quarter, for a total of 5.13 million shares, and has risen its stake in Concho Resources Inc (NYSE:CXO).

Since February 8, 2018, it had 11 insider buys, and 15 sales for $8.38 million activity. Shares for $135,592 were sold by RIELLY JOHN P. 516 shares were bought by SCHRADER WILLIAM G., worth $25,016. $25,016 worth of Hess Corporation (NYSE:HES) was bought by MCMANUS DAVID on Tuesday, March 6. On Tuesday, March 6 CHASE RODNEY F bought $25,016 worth of Hess Corporation (NYSE:HES) or 516 shares. 516 shares were bought by Checki Terrence J., worth $25,016 on Tuesday, March 6. On Tuesday, March 6 Slentz Andrew P sold $19,686 worth of Hess Corporation (NYSE:HES) or 422 shares.

Granahan Investment Management Inc, which manages about $3.81B and $1.38B US Long portfolio, decreased its stake in Liveperson (NASDAQ:LPSN) by 52,402 shares to 2.80M shares, valued at $45.72M in 2018Q1, according to the filing. It also reduced its holding in Imax Corp (NYSE:IMAX) by 325,001 shares in the quarter, leaving it with 435,511 shares, and cut its stake in Echo Global Logistics (NASDAQ:ECHO).

Since January 2, 2018, it had 0 buys, and 9 selling transactions for $1.04 million activity. Townsend Raymond also sold $60,660 worth of Kindred Biosciences, Inc. (NASDAQ:KIN) shares.

More recent Kindred Biosciences, Inc. (NASDAQ:KIN) news were published by: Prnewswire.com which released: “Kindred Biosciences to Present at Jefferies 2018 Global Healthcare Conference and 8th Annual LD Micro Invitational …” on May 29, 2018. Also Seekingalpha.com published the news titled: “KindredBio announces positive results from KIND-014 for the treatment of gastric ulcers in horses” on May 30, 2018. Benzinga.com‘s news article titled: “Benzinga’s Daily Biotech Pulse: Organovo Falls On Earnings; Celgene Gets New CFO” with publication date: June 01, 2018 was also an interesting one.

Among 7 analysts covering Kindred Biosciences (NASDAQ:KIN), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Kindred Biosciences had 14 analyst reports since November 17, 2015 according to SRatingsIntel. The company was maintained on Tuesday, May 30 by FBR Capital. The company was downgraded on Tuesday, November 17 by BMO Capital Markets. The rating was initiated by Ladenburg Thalmann on Tuesday, November 1 with “Buy”. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Friday, November 18. The firm earned “Buy” rating on Wednesday, May 9 by H.C. Wainwright. As per Friday, March 2, the company rating was maintained by H.C. Wainwright. The firm has “Buy” rating by FBR Capital given on Monday, February 26. FBR Capital maintained Kindred Biosciences, Inc. (NASDAQ:KIN) rating on Tuesday, June 27. FBR Capital has “Buy” rating and $1000 target. On Monday, August 7 the stock rating was maintained by BMO Capital Markets with “Hold”. The company was initiated on Wednesday, December 27 by C.L. King.

Investors sentiment decreased to 0.78 in 2018 Q1. Its down 0.15, from 0.93 in 2017Q4. It is negative, as 6 investors sold KIN shares while 21 reduced holdings. 9 funds opened positions while 12 raised stakes. 16.83 million shares or 3.46% less from 17.44 million shares in 2017Q4 were reported. State Of Wisconsin Board holds 0% or 15,000 shares in its portfolio. Manufacturers Life Insur The has invested 0% in Kindred Biosciences, Inc. (NASDAQ:KIN). Gru One Trading Limited Partnership invested in 10,303 shares. Geode Management Limited Company reported 211,428 shares or 0% of all its holdings. State Common Retirement Fund has invested 0% of its portfolio in Kindred Biosciences, Inc. (NASDAQ:KIN). Royal Natl Bank Of Canada stated it has 8 shares or 0% of all its holdings. General American Invsts Company has invested 0.49% in Kindred Biosciences, Inc. (NASDAQ:KIN). Granahan Mgmt Ma invested in 0.1% or 165,262 shares. 22,765 are held by Rhumbline Advisers. Legal & General Gru Public Ltd reported 0% stake. State Bank Of Montreal Can reported 40 shares. California State Teachers Retirement System accumulated 38,744 shares. Amer International Gru Inc stated it has 16,262 shares. C M Bidwell & Associate Ltd reported 0.07% of its portfolio in Kindred Biosciences, Inc. (NASDAQ:KIN). Citigroup Inc invested 0% in Kindred Biosciences, Inc. (NASDAQ:KIN).

Hess Corporation (NYSE:HES) Institutional Positions Chart

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