Magellan Midstream Prtnrs LP (MMP) Holder Sfmg Upped Stake; Biogen (BIIB) Holder Quantres Asset Management LTD Lowered Its Stake as Share Value Declined

January 16, 2018 - By Winifred Garcia

Quantres Asset Management Ltd decreased its stake in Biogen Inc (BIIB) by 50% based on its latest 2017Q3 regulatory filing with the SEC. Quantres Asset Management Ltd sold 2,000 shares as the company’s stock declined 13.45% while stock markets rallied. The institutional investor held 2,000 shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $626,000, down from 4,000 at the end of the previous reported quarter. Quantres Asset Management Ltd who had been investing in Biogen Inc for a number of months, seems to be less bullish one the $71.97 billion market cap company. The stock increased 1.30% or $4.36 during the last trading session, reaching $340.31. About 352,470 shares traded. Biogen Inc. (NASDAQ:BIIB) has risen 4.94% since January 16, 2017 and is uptrending. It has underperformed by 11.76% the S&P500.

Sfmg Llc increased its stake in Magellan Midstream Prtnrs Lp (MMP) by 8.66% based on its latest 2017Q3 regulatory filing with the SEC. Sfmg Llc bought 4,315 shares as the company’s stock declined 7.68% while stock markets rallied. The institutional investor held 54,117 shares of the natural gas distribution company at the end of 2017Q3, valued at $3.85M, up from 49,802 at the end of the previous reported quarter. Sfmg Llc who had been investing in Magellan Midstream Prtnrs Lp for a number of months, seems to be bullish on the $17.13 billion market cap company. The stock increased 0.66% or $0.4948 during the last trading session, reaching $75.1148. About 234,949 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since January 16, 2017 and is uptrending. It has underperformed by 13.15% the S&P500.

Since September 14, 2017, it had 0 insider purchases, and 1 insider sale for $353,200 activity.

Investors sentiment is 0.9 in Q3 2017. Its the same as in 2017Q2. It has no change, as 42 investors sold MMP shares while 161 reduced holdings. only 40 funds opened positions while 142 raised stakes. 134.51 million shares or 2.12% more from 131.72 million shares in 2017Q2 were reported. Mariner Wealth Advsr Ltd Liability Corp owns 22,541 shares. Samson Cap Mgmt Ltd Liability Corporation has 9.43% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 129,079 shares. Moreover, Hightower Ltd Liability Corporation has 0.39% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 645,120 shares. Greystone Investment Management Ltd Limited Liability Company has 0.29% invested in Magellan Midstream Partners, L.P. (NYSE:MMP). State Street Corp holds 26,689 shares or 0% of its portfolio. Sei reported 0.01% stake. Fiduciary Fincl Ser Of The Southwest Tx stated it has 151,165 shares. Yorkville Capital Ltd Liability Corp holds 6.25% or 76,087 shares in its portfolio. Sg Americas Securities Limited Liability Company reported 50,575 shares. Peak Asset Lc stated it has 0.14% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Cwm Lc holds 236 shares or 0% of its portfolio. Parsec Financial Management, North Carolina-based fund reported 3,486 shares. Duff Phelps has 295,090 shares. Barnett Incorporated has 600 shares. Fort Washington Advsr Inc Oh stated it has 176,081 shares or 0.19% of all its holdings.

Among 22 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 11 have Buy rating, 3 Sell and 8 Hold. Therefore 50% are positive. Magellan Midstream Partners L.P. had 54 analyst reports since August 7, 2015 according to SRatingsIntel. Morgan Stanley downgraded the shares of MMP in report on Thursday, August 18 to “Underweight” rating. The stock has “Buy” rating by Citigroup on Thursday, September 21. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 4 report. As per Thursday, December 15, the company rating was upgraded by Goldman Sachs. On Wednesday, January 6 the stock rating was upgraded by UBS to “Buy”. On Monday, January 4 the stock rating was upgraded by Raymond James to “Strong Buy”. The firm has “Buy” rating given on Friday, August 7 by Citigroup. Wells Fargo downgraded Magellan Midstream Partners, L.P. (NYSE:MMP) on Wednesday, January 11 to “Market Perform” rating. The rating was upgraded by Credit Suisse on Monday, August 10 to “Outperform”. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Neutral” rating by Credit Suisse on Friday, February 5.

Analysts await Biogen Inc. (NASDAQ:BIIB) to report earnings on January, 25. They expect $5.52 EPS, up 9.52% or $0.48 from last year’s $5.04 per share. BIIB’s profit will be $1.17B for 15.41 P/E if the $5.52 EPS becomes a reality. After $6.31 actual EPS reported by Biogen Inc. for the previous quarter, Wall Street now forecasts -12.52% negative EPS growth.

Since January 9, 2018, it had 0 insider buys, and 1 sale for $1.92 million activity.

Investors sentiment increased to 1.13 in 2017 Q3. Its up 0.25, from 0.88 in 2017Q2. It increased, as 59 investors sold BIIB shares while 283 reduced holdings. 96 funds opened positions while 292 raised stakes. 181.16 million shares or 0.28% more from 180.66 million shares in 2017Q2 were reported. Co Of Vermont holds 0.1% or 3,181 shares. Stifel Corp reported 177,094 shares. Envestnet Asset Mngmt stated it has 0.04% in Biogen Inc. (NASDAQ:BIIB). Qs Limited Liability Corp reported 48,407 shares. Sentinel Trust Co Lba invested 0.31% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Lipe And Dalton has invested 3.64% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Alphaone Invest Ltd Com owns 173 shares for 0.01% of their portfolio. Dillon Assocs invested in 1,470 shares. Auxier Asset Management holds 28,145 shares or 1.79% of its portfolio. Visionary Asset Management owns 699 shares. Girard holds 1,125 shares. Benjamin F Edwards & Com has invested 0.02% in Biogen Inc. (NASDAQ:BIIB). Mcf Advisors Limited Liability Corporation holds 208 shares or 0.01% of its portfolio. Rosenbaum Jay D invested 1.26% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Amf Pensionsforsakring Ab, Sweden-based fund reported 232,061 shares.

Quantres Asset Management Ltd, which manages about $155.73 million US Long portfolio, upped its stake in Johnson & Johnson (NYSE:JNJ) by 6,300 shares to 19,300 shares, valued at $2.51 million in 2017Q3, according to the filing. It also increased its holding in Pepsico Inc (NYSE:PEP) by 7,700 shares in the quarter, for a total of 11,000 shares, and has risen its stake in Amazon.Com Inc (NASDAQ:AMZN).

Among 31 analysts covering Biogen Idec Inc. (NASDAQ:BIIB), 22 have Buy rating, 0 Sell and 9 Hold. Therefore 71% are positive. Biogen Idec Inc. had 95 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, July 26. The firm earned “Hold” rating on Wednesday, October 4 by RBC Capital Markets. Atlantic Securities initiated Biogen Inc. (NASDAQ:BIIB) rating on Friday, December 18. Atlantic Securities has “Overweight” rating and $344 target. The stock of Biogen Inc. (NASDAQ:BIIB) earned “Buy” rating by Standpoint Research on Thursday, January 7. The firm earned “Overweight” rating on Thursday, November 5 by Piper Jaffray. Raymond James maintained the shares of BIIB in report on Thursday, December 29 with “Strong Buy” rating. H.C. Wainwright maintained Biogen Inc. (NASDAQ:BIIB) on Wednesday, October 25 with “Buy” rating. The company was initiated on Tuesday, August 11 by H.C. Wainwright. The company was upgraded on Monday, November 7 by Piper Jaffray. RBC Capital Markets maintained Biogen Inc. (NASDAQ:BIIB) on Wednesday, October 25 with “Hold” rating.

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