Saturday, 31 March 2018

First American Financial (FAF) Holder Connor Clark & Lunn Investment Management LTD Trimmed Stake; Teewinot Capital Advisers Decreased Celgene (CELG) Stake by $1.02 Million

First American Financial Corporation (NYSE:FAF) Logo

Michael Moriarty decreased its stake in Celgene Corp (CELG) by 11.85% based on its latest 2017Q4 regulatory filing with the SEC. Teewinot Capital Advisers Llc sold 9,800 shares as the company’s stock declined 19.30% with the market. The hedge fund run by Michael Moriarty held 72,909 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $7.61 million, down from 82,709 at the end of the previous reported quarter. Teewinot Capital Advisers Llc who had been investing in Celgene Corp for a number of months, seems to be less bullish one the $67.10 billion market cap company. The stock increased 0.90% or $0.8 during the last trading session, reaching $89.21. About 7.59 million shares traded. Celgene Corporation (NASDAQ:CELG) has declined 31.28% since March 31, 2017 and is downtrending. It has underperformed by 42.83% the S&P500.

Connor Clark & Lunn Investment Management Ltd decreased its stake in First American Financial Corp (FAF) by 29.94% based on its latest 2017Q4 regulatory filing with the SEC. Connor Clark & Lunn Investment Management Ltd sold 9,500 shares as the company’s stock rose 2.97% while stock markets declined. The institutional investor held 22,231 shares of the specialty insurers company at the end of 2017Q4, valued at $1.25 million, down from 31,731 at the end of the previous reported quarter. Connor Clark & Lunn Investment Management Ltd who had been investing in First American Financial Corp for a number of months, seems to be less bullish one the $6.51B market cap company. The stock increased 0.98% or $0.57 during the last trading session, reaching $58.68. About 445,460 shares traded. First American Financial Corporation (NYSE:FAF) has risen 49.42% since March 31, 2017 and is uptrending. It has outperformed by 37.87% the S&P500.

Since February 8, 2018, it had 1 insider buy, and 3 insider sales for $3.58 million activity. 18,500 shares were sold by KAPLAN GILLA, worth $1.77 million. LOUGHLIN JAMES J sold $851,093 worth of Celgene Corporation (NASDAQ:CELG) on Monday, March 12. MARIO ERNEST sold $1.26M worth of stock or 13,370 shares.

Analysts await Celgene Corporation (NASDAQ:CELG) to report earnings on April, 26. They expect $1.78 EPS, up 16.34% or $0.25 from last year’s $1.53 per share. CELG’s profit will be $1.34B for 12.53 P/E if the $1.78 EPS becomes a reality. After $1.87 actual EPS reported by Celgene Corporation for the previous quarter, Wall Street now forecasts -4.81% negative EPS growth.

Among 34 analysts covering Celgene Corporation (NASDAQ:CELG), 19 have Buy rating, 2 Sell and 13 Hold. Therefore 56% are positive. Celgene Corporation had 140 analyst reports since July 21, 2015 according to SRatingsIntel. SunTrust maintained it with “Buy” rating and $156.0 target in Friday, October 20 report. Leerink Swann maintained Celgene Corporation (NASDAQ:CELG) rating on Wednesday, December 13. Leerink Swann has “Buy” rating and $120.0 target. As per Thursday, January 25, the company rating was maintained by Piper Jaffray. The firm has “Mkt Outperform” rating by JMP Securities given on Friday, July 24. The rating was downgraded by BTIG Research to “Neutral” on Friday, June 30. Leerink Swann maintained it with “Outperform” rating and $160 target in Friday, July 28 report. As per Friday, October 27, the company rating was maintained by Citigroup. The rating was maintained by Robert W. Baird on Tuesday, September 19 with “Buy”. The firm earned “Hold” rating on Friday, January 5 by Bank of America. The company was maintained on Monday, October 23 by Morgan Stanley.

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.34, from 1.17 in 2017Q3. It turned negative, as 156 investors sold CELG shares while 478 reduced holdings. 118 funds opened positions while 411 raised stakes. 561.38 million shares or 7.06% less from 603.99 million shares in 2017Q3 were reported. Lmr Partners Llp has 0.1% invested in Celgene Corporation (NASDAQ:CELG) for 9,026 shares. First Foundation Advsr holds 0.14% or 25,127 shares in its portfolio. Zacks Inv Mgmt invested in 0.01% or 2,664 shares. 74,304 are held by Mirae Asset Global Invests. Amica Retiree Trust holds 0.34% of its portfolio in Celgene Corporation (NASDAQ:CELG) for 4,259 shares. Moreover, Syntal Prtnrs Limited has 0.12% invested in Celgene Corporation (NASDAQ:CELG). British Columbia Investment Mngmt reported 568,397 shares. Gw Henssler holds 1.59% or 163,077 shares. E&G Advsrs Limited Partnership owns 11,058 shares. Acadian Asset Mgmt Ltd Liability Company accumulated 32,574 shares. Southeast Asset Advsrs Inc accumulated 3,350 shares. Diversified accumulated 0.02% or 2,446 shares. Cannell Peter B & Company reported 5.67% of its portfolio in Celgene Corporation (NASDAQ:CELG). Epoch Inv Partners has 76,608 shares for 0.03% of their portfolio. Abner Herrman And Brock Lc reported 60,043 shares or 1.05% of all its holdings.

Teewinot Capital Advisers Llc, which manages about $260.49 million and $237.24M US Long portfolio, upped its stake in Ryanair Hldgs Plc by 50,000 shares to 179,470 shares, valued at $18.70M in 2017Q4, according to the filing.

Investors sentiment increased to 1.11 in 2017 Q4. Its up 0.09, from 1.02 in 2017Q3. It improved, as 19 investors sold FAF shares while 112 reduced holdings. 53 funds opened positions while 92 raised stakes. 90.20 million shares or 0.16% less from 90.34 million shares in 2017Q3 were reported. Victory Capital Mgmt owns 2.00M shares. Dupont Cap Mgmt Corporation reported 168,700 shares or 0.22% of all its holdings. The Massachusetts-based Fmr Ltd Liability Co has invested 0.06% in First American Financial Corporation (NYSE:FAF). Oberweis Asset Management has 13,010 shares for 0.17% of their portfolio. Texas Permanent School Fund has invested 0.05% in First American Financial Corporation (NYSE:FAF). Alpha Windward Limited Liability Corporation reported 9,617 shares stake. Ironwood Inv Counsel Ltd Liability reported 0.08% of its portfolio in First American Financial Corporation (NYSE:FAF). National Bank & Trust Of America De has 571,934 shares for 0.01% of their portfolio. Oregon Pub Employees Retirement Fund has 41,155 shares. Northwestern Mutual Wealth Mgmt reported 0% stake. New York-based Product Ptnrs Ltd Liability Corporation has invested 0.16% in First American Financial Corporation (NYSE:FAF). Greenleaf Tru, a Michigan-based fund reported 3,835 shares. State Common Retirement Fund has invested 0.02% in First American Financial Corporation (NYSE:FAF). Nordea Inv Mngmt Ab has 45,846 shares for 0.01% of their portfolio. Prudential holds 0.09% or 1.12M shares.

Among 15 analysts covering First American Financial (NYSE:FAF), 8 have Buy rating, 1 Sell and 6 Hold. Therefore 53% are positive. First American Financial had 17 analyst reports since September 25, 2015 according to SRatingsIntel. The company was initiated on Friday, December 11 by Oppenheimer. The stock of First American Financial Corporation (NYSE:FAF) has “Overweight” rating given on Monday, January 8 by Stephens. The rating was downgraded by Goldman Sachs to “Sell” on Wednesday, January 13. The rating was initiated by Bernstein with “Mkt Perform” on Thursday, December 10. The stock has “Positive” rating by Susquehanna on Tuesday, October 20. The company was initiated on Friday, December 18 by Macquarie Research. The stock has “Overweight” rating by Barclays Capital on Friday, February 9. The rating was initiated by Sterne Agee CRT with “Buy” on Thursday, December 17. Barclays Capital maintained First American Financial Corporation (NYSE:FAF) on Friday, February 12 with “Overweight” rating. Credit Suisse initiated First American Financial Corporation (NYSE:FAF) on Friday, December 11 with “Neutral” rating.

Analysts await First American Financial Corporation (NYSE:FAF) to report earnings on April, 26. They expect $0.64 EPS, up 28.00% or $0.14 from last year’s $0.5 per share. FAF’s profit will be $71.01 million for 22.92 P/E if the $0.64 EPS becomes a reality. After $0.95 actual EPS reported by First American Financial Corporation for the previous quarter, Wall Street now forecasts -32.63% negative EPS growth.

First American Financial Corporation (NYSE:FAF) Institutional Positions Chart

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