Partner Investment Management LP Cut Biogen (BIIB) Holding; Shorts at Hawaiian Electric Industries (HE) Raised By 23.5%

December 8, 2017 - By Hazel Jackson

Partner Investment Management Lp decreased Biogen Inc (BIIB) stake by 97.03% reported in 2017Q2 SEC filing. Partner Investment Management Lp sold 8,115 shares as Biogen Inc (BIIB)’s stock declined 13.45%. The Partner Investment Management Lp holds 248 shares with $67,000 value, down from 8,363 last quarter. Biogen Inc now has $68.91B valuation. The stock increased 1.96% or $6.26 during the last trading session, reaching $325.83. About 439,344 shares traded. Biogen Inc. (NASDAQ:BIIB) has risen 4.94% since December 8, 2016 and is uptrending. It has underperformed by 11.76% the S&P500.

Hawaiian Electric Industries (NYSE:HE) had an increase of 23.5% in short interest. HE’s SI was 5.69 million shares in December as released by FINRA. Its up 23.5% from 4.61M shares previously. With 353,400 avg volume, 16 days are for Hawaiian Electric Industries (NYSE:HE)’s short sellers to cover HE’s short positions. The SI to Hawaiian Electric Industries’s float is 5.29%. The stock increased 0.95% or $0.355 during the last trading session, reaching $37.905. About 180,632 shares traded. Hawaiian Electric Industries, Inc. (NYSE:HE) has risen 0.68% since December 8, 2016 and is uptrending. It has underperformed by 16.02% the S&P500.

Among 5 analysts covering Hawaiian Electric Industries (NYSE:HE), 0 have Buy rating, 2 Sell and 3 Hold. Therefore 0 are positive. Hawaiian Electric Industries had 7 analyst reports since August 14, 2015 according to SRatingsIntel. As per Thursday, October 12, the company rating was maintained by JP Morgan. The company was upgraded on Friday, August 14 by Zacks. The stock of Hawaiian Electric Industries, Inc. (NYSE:HE) has “Hold” rating given on Friday, August 28 by Zacks. The firm earned “Underweight” rating on Friday, March 18 by Barclays Capital. The stock has “Sell” rating by Bank of America on Tuesday, October 24. Wells Fargo downgraded the stock to “Market Perform” rating in Friday, November 20 report.

Investors sentiment decreased to 1.24 in 2017 Q2. Its down 0.04, from 1.28 in 2017Q1. It worsened, as 26 investors sold Hawaiian Electric Industries, Inc. shares while 57 reduced holdings. 22 funds opened positions while 81 raised stakes. 52.09 million shares or 0.60% more from 51.78 million shares in 2017Q1 were reported. Citigroup Inc holds 0% or 67,036 shares. Wisconsin-based Mason Street Ltd has invested 0.04% in Hawaiian Electric Industries, Inc. (NYSE:HE). Enterprise Fincl Svcs, a Missouri-based fund reported 122 shares. Banque Pictet & Cie holds 85,000 shares. Hudock Gru Limited Liability holds 478 shares. Ntv Asset Mgmt Ltd Llc invested in 0.06% or 6,300 shares. Verition Fund Mngmt Lc has 35,068 shares for 0.11% of their portfolio. Mufg Americas Corp owns 0% invested in Hawaiian Electric Industries, Inc. (NYSE:HE) for 1,241 shares. Massachusetts-based Acadian Asset Mgmt has invested 0.01% in Hawaiian Electric Industries, Inc. (NYSE:HE). Comerica Savings Bank invested in 0.02% or 94,969 shares. Sg Americas Secs reported 26,545 shares. Teachers Retirement System Of The State Of Kentucky holds 19,260 shares. Wells Fargo Mn, a California-based fund reported 2.74 million shares. Ls Advisors Ltd Liability Corp has 0.02% invested in Hawaiian Electric Industries, Inc. (NYSE:HE) for 8,515 shares. Moreover, Wealthtrust has 0% invested in Hawaiian Electric Industries, Inc. (NYSE:HE).

Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. The company has market cap of $4.12 billion. The companyÂ’s Electric Utility segment is involved in generating, purchasing, transmitting, distributing, and selling electric energy. It has a 23.24 P/E ratio. The Company’s renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, sugarcane waste, municipal waste, and other bio fuels.

Partner Investment Management Lp increased Godaddy Inc stake by 9,279 shares to 46,566 valued at $1.98 million in 2017Q2. It also upped Zayo Group Hldgs Inc (NYSE:ZAYO) stake by 12,569 shares and now owns 24,188 shares. Weatherford Intl Ltd (Prn) was raised too.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.16, from 1.04 in 2017Q1. It turned negative, 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. Northwest Invest Counselors Ltd Llc accumulated 0% or 10 shares. Catawba Cap Management Va reported 0.05% in Biogen Inc. (NASDAQ:BIIB). Levin Strategies Ltd Partnership holds 3,728 shares. Tci Wealth owns 0.89% invested in Biogen Inc. (NASDAQ:BIIB) for 6,451 shares. C World Group Inc A S has invested 0.27% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Envestnet Asset holds 53,529 shares or 0.04% of its portfolio. Riverpoint Mgmt Llc invested in 7,381 shares. Pekin Singer Strauss Asset Management Il invested 0.04% in Biogen Inc. (NASDAQ:BIIB). Massachusetts-based Liberty Mutual Group Asset Management has invested 0.28% in Biogen Inc. (NASDAQ:BIIB). Wedge Capital L Limited Partnership Nc stated it has 0.39% in Biogen Inc. (NASDAQ:BIIB). Btim Corporation holds 0.01% or 2,774 shares in its portfolio. 892,101 are owned by Point72 Asset Lp. Connecticut-based Hartford Mngmt Co has invested 0.25% in Biogen Inc. (NASDAQ:BIIB). Mitchell Capital Company holds 1.96% of its portfolio in Biogen Inc. (NASDAQ:BIIB) for 18,906 shares. Amalgamated National Bank has 24,999 shares for 0.22% of their portfolio.

Analysts await Biogen Inc. (NASDAQ:BIIB) to report earnings on January, 25. They expect $5.55 EPS, up 10.12% or $0.51 from last year’s $5.04 per share. BIIB’s profit will be $1.17B for 14.68 P/E if the $5.55 EPS becomes a reality. After $6.31 actual EPS reported by Biogen Inc. for the previous quarter, Wall Street now forecasts -12.04% negative EPS growth.

Among 31 analysts covering Biogen Idec Inc. (NASDAQ:BIIB), 21 have Buy rating, 0 Sell and 10 Hold. Therefore 68% are positive. Biogen Idec Inc. had 92 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by H.C. Wainwright with “Buy” on Wednesday, October 25. The stock of Biogen Inc. (NASDAQ:BIIB) has “Equal-Weight” rating given on Wednesday, July 26 by Morgan Stanley. Standpoint Research initiated Biogen Inc. (NASDAQ:BIIB) on Thursday, January 7 with “Buy” rating. As per Friday, July 14, the company rating was maintained by Nomura. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, July 24. The firm has “Hold” rating given on Friday, December 9 by Stifel Nicolaus. The firm earned “Outperform” rating on Monday, July 27 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, October 7. Jefferies maintained it with “Hold” rating and $316 target in Wednesday, October 5 report. The stock of Biogen Inc. (NASDAQ:BIIB) has “Neutral” rating given on Wednesday, July 26 by UBS.

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