Liberty Mutual Group Asset Management Has Boosted Biogen (BIIB) Holding; Summit Materials Class A (SUM) SI Decreased By 5.86%

November 14, 2017 - By Richard Conner

Summit Materials Class A (NYSE:SUM) had a decrease of 5.86% in short interest. SUM’s SI was 7.90 million shares in November as released by FINRA. Its down 5.86% from 8.39 million shares previously. With 1.48 million avg volume, 5 days are for Summit Materials Class A (NYSE:SUM)’s short sellers to cover SUM’s short positions. The stock decreased 1.55% or $0.47 on November 14, reaching $29.9. About 584,413 shares traded. Summit Materials Inc (NYSE:SUM) has risen 29.53% since November 14, 2016 and is uptrending. It has outperformed by 12.83% the S&P500.

Liberty Mutual Group Asset Management Inc increased Biogen Inc (BIIB) stake by 36.74% reported in 2017Q2 SEC filing. Liberty Mutual Group Asset Management Inc acquired 6,884 shares as Biogen Inc (BIIB)’s stock declined 13.45%. The Liberty Mutual Group Asset Management Inc holds 25,621 shares with $6.95M value, up from 18,737 last quarter. Biogen Inc now has $65.49 billion valuation. The stock rose 0.53% or $1.63 reaching $311.32 per share. About 1.16 million shares traded. Biogen Inc (NASDAQ:BIIB) has risen 4.94% since November 14, 2016 and is uptrending. It has underperformed by 11.76% the S&P500.

Since June 9, 2017, it had 0 buys, and 1 insider sale for $277,840 activity. Posner Brian S sold $277,840 worth of stock or 1,084 shares.

Among 30 analysts covering Biogen Idec Inc. (NASDAQ:BIIB), 20 have Buy rating, 0 Sell and 10 Hold. Therefore 67% are positive. Biogen Idec Inc. had 89 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird with “Hold” on Thursday, September 28. The rating was initiated by H.C. Wainwright on Tuesday, August 11 with “Buy”. The stock has “Hold” rating by Stifel Nicolaus on Friday, December 9. The stock of Biogen Inc (NASDAQ:BIIB) earned “Hold” rating by Jefferies on Wednesday, August 30. The firm has “Neutral” rating by Citigroup given on Tuesday, June 7. The firm has “Hold” rating given on Tuesday, July 11 by Jefferies. The firm has “Overweight” rating given on Thursday, October 5 by Morgan Stanley. On Wednesday, October 7 the stock rating was maintained by RBC Capital Markets with “Outperform”. Raymond James initiated the shares of BIIB in report on Tuesday, September 1 with “Strong-Buy” rating. The rating was maintained by Cantor Fitzgerald with “Hold” on Tuesday, October 24.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.16, from 1.04 in 2017Q1. It fall, as 81 investors sold BIIB shares while 321 reduced holdings. 78 funds opened positions while 277 raised stakes. 180.66 million shares or 1.01% less from 182.50 million shares in 2017Q1 were reported. Cornercap Invest Counsel Inc, a Georgia-based fund reported 22,373 shares. Spears Abacus Ltd Liability Co stated it has 0.24% of its portfolio in Biogen Inc (NASDAQ:BIIB). Peoples Services stated it has 0% of its portfolio in Biogen Inc (NASDAQ:BIIB). Nuveen Asset Lc holds 0.18% of its portfolio in Biogen Inc (NASDAQ:BIIB) for 103,393 shares. Ubs Asset Management Americas owns 0% invested in Biogen Inc (NASDAQ:BIIB) for 829,144 shares. Arizona State Retirement Systems holds 0.2% or 52,998 shares in its portfolio. Moreover, Panagora Asset Mngmt Inc has 0.28% invested in Biogen Inc (NASDAQ:BIIB) for 253,945 shares. Cibc Markets Inc holds 0.05% or 46,600 shares. Tokio Marine Asset Management Ltd accumulated 9,355 shares or 0.36% of the stock. Envestnet Asset Mgmt Inc has 53,529 shares. 17,647 are held by Ahl Llp. Tru Department Mb Bancorporation N A stated it has 1.1% of its portfolio in Biogen Inc (NASDAQ:BIIB). Clough Prns Lp reported 53,222 shares or 1% of all its holdings. 20 are held by Duncker Streett And Inc. Cim Limited Liability Company holds 27,471 shares.

Liberty Mutual Group Asset Management Inc decreased Svb Finl Group (NASDAQ:SIVB) stake by 2,499 shares to 21,187 valued at $3.73 million in 2017Q2. It also reduced Manpowergroup Inc (NYSE:MAN) stake by 3,219 shares and now owns 27,407 shares. National Retail Pptys Inc (NYSE:NNN) was reduced too.

Among 12 analysts covering Summit Materials (NYSE:SUM), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Summit Materials had 30 analyst reports since August 17, 2015 according to SRatingsIntel. RBC Capital Markets maintained Summit Materials Inc (NYSE:SUM) rating on Wednesday, November 4. RBC Capital Markets has “Outperform” rating and $25 target. RBC Capital Markets maintained the shares of SUM in report on Tuesday, October 10 with “Buy” rating. The rating was maintained by Bank of America on Tuesday, October 31 with “Neutral”. The rating was downgraded by Goldman Sachs to “Neutral” on Tuesday, October 11. The stock of Summit Materials Inc (NYSE:SUM) has “Buy” rating given on Friday, August 28 by RBC Capital Markets. The firm has “Neutral” rating given on Wednesday, November 16 by Bank of America. The rating was maintained by Citigroup on Monday, April 18 with “Buy”. The firm has “Buy” rating by Cleveland given on Monday, April 3. Citigroup maintained the shares of SUM in report on Thursday, August 4 with “Buy” rating. The stock of Summit Materials Inc (NYSE:SUM) earned “Buy” rating by Stifel Nicolaus on Wednesday, September 6.

Summit Materials, Inc. is a construction materials company. The company has market cap of $3.24 billion. The Firm operates through three divisions: West, East and Cement. It has a 43.67 P/E ratio. As of December 31, 2016, the Company had activities in 21 states in the United States and in British Columbia, Canada.

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