Tiger Management Cut By $528,000 Its Macrogenics (MGNX) Holding, Echo Global Logistics (ECHO) Shorts Raised By 3.24%

June 19, 2017 - By Marguerite Chambers

Tiger Management Llc decreased Macrogenics Inc (MGNX) stake by 9.92% reported in 2016Q4 SEC filing. Tiger Management Llc sold 26,400 shares as Macrogenics Inc (MGNX)’s stock declined 10.05%. The Tiger Management Llc holds 239,667 shares with $4.90M value, down from 266,067 last quarter. Macrogenics Inc now has $655.53 million valuation. The stock declined 0.05% or $0.01 reaching $18.23 per share. About 215,523 shares traded or 1.86% up from the average. MacroGenics Inc (NASDAQ:MGNX) has declined 9.76% since June 19, 2016 and is downtrending. It has underperformed by 26.46% the S&P500.

Echo Global Logistics Incorporated (NASDAQ:ECHO) had an increase of 3.24% in short interest. ECHO’s SI was 3.50 million shares in June as released by FINRA. Its up 3.24% from 3.39 million shares previously. With 282,200 avg volume, 12 days are for Echo Global Logistics Incorporated (NASDAQ:ECHO)’s short sellers to cover ECHO’s short positions. The SI to Echo Global Logistics Incorporated’s float is 12.89%. About 71,205 shares traded. Echo Global Logistics, Inc. (NASDAQ:ECHO) has declined 17.14% since June 19, 2016 and is downtrending. It has underperformed by 33.84% the S&P500.

Analysts await MacroGenics Inc (NASDAQ:MGNX) to report earnings on August, 2. They expect $-1.02 earnings per share, down 191.07% or $2.14 from last year’s $1.12 per share. After $-1.08 actual earnings per share reported by MacroGenics Inc for the previous quarter, Wall Street now forecasts -5.56% EPS growth.

Since June 5, 2017, it had 0 insider buys, and 1 insider sale for $100,000 activity. On Monday, June 5 Wigginton Jon Marc sold $100,000 worth of MacroGenics Inc (NASDAQ:MGNX) or 5,000 shares.

Tiger Management Llc increased Priceline Grp Inc (NASDAQ:PCLN) stake by 2,143 shares to 18,643 valued at $27.33 million in 2016Q4. It also upped Microsoft Corp (NASDAQ:MSFT) stake by 77,500 shares and now owns 535,800 shares. Royal Caribbean Cruises Ltd (NYSE:RCL) was raised too.

Among 7 analysts covering MacroGenics (NASDAQ:MGNX), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. MacroGenics had 11 analyst reports since August 6, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $56 target in Thursday, August 6 report. The stock of MacroGenics Inc (NASDAQ:MGNX) earned “Buy” rating by Zacks on Monday, August 10. The company was upgraded on Monday, October 19 by Citigroup. Citigroup initiated MacroGenics Inc (NASDAQ:MGNX) on Thursday, September 17 with “Neutral” rating. Morgan Stanley initiated it with “Equal-Weight” rating and $20 target in Thursday, February 25 report. The stock of MacroGenics Inc (NASDAQ:MGNX) has “Buy” rating given on Tuesday, December 20 by SunTrust. Citigroup downgraded MacroGenics Inc (NASDAQ:MGNX) rating on Thursday, August 4. Citigroup has “Neutral” rating and $32 target. The firm has “Buy” rating by Janney Capital given on Thursday, February 18.

Investors sentiment decreased to 1 in Q4 2016. Its down 0.43, from 1.43 in 2016Q3. It dived, as 15 investors sold MGNX shares while 40 reduced holdings. 16 funds opened positions while 39 raised stakes. 27.48 million shares or 1.39% less from 27.87 million shares in 2016Q3 were reported. Blackrock Fund Advsr reported 1.51M shares. Meeder Asset Inc has invested 0% in MacroGenics Inc (NASDAQ:MGNX). First Light Asset Mngmt Lc accumulated 61,835 shares. Suffolk Cap Ltd Co holds 59,412 shares or 0.17% of its portfolio. 22 are held by Plante Moran Fincl Advsr Limited Company. 59,194 are owned by Credit Suisse Ag. Principal Fincl Grp Inc reported 0% in MacroGenics Inc (NASDAQ:MGNX). Clearbridge Invs Ltd Llc invested 0% of its portfolio in MacroGenics Inc (NASDAQ:MGNX). Franklin Res accumulated 587,100 shares. Pinnacle Limited reported 652,777 shares or 0.27% of all its holdings. Bank & Trust Of Mellon, New York-based fund reported 138,552 shares. Next Grp owns 100 shares for 0% of their portfolio. Impact Advsr Ltd Liability Corporation holds 0.4% of its portfolio in MacroGenics Inc (NASDAQ:MGNX) for 47,737 shares. Rhenman Prtn Asset Management has 155,000 shares. Sg Americas Securities Limited Company invested 0% in MacroGenics Inc (NASDAQ:MGNX).

Echo Global Logistics, Inc. is a provider of technology-enabled transportation and supply chain management solutions. The company has market cap of $599.04 million. The Firm utilizes a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services. It currently has negative earnings. The Firm focuses primarily on arranging transportation by truckload and less than truckload (LTL) carriers.

Investors sentiment decreased to 1 in Q4 2016. Its down 0.29, from 1.29 in 2016Q3. It worsened, as 26 investors sold Echo Global Logistics, Inc. shares while 41 reduced holdings. 22 funds opened positions while 45 raised stakes. 25.15 million shares or 0.33% less from 25.24 million shares in 2016Q3 were reported. Credit Suisse Ag holds 0% or 99,813 shares. Etrade Capital Mngmt Limited Liability Co reported 0.05% stake. Dimensional Fund Advsrs Ltd Partnership owns 1.32M shares. Louisiana State Employees Retirement Systems reported 0.01% stake. Envestnet Asset Mgmt holds 3,590 shares. Metropolitan Life reported 0% stake. 14,164 were accumulated by Arizona State Retirement Sys. Janus Capital Mgmt Ltd Liability holds 950,105 shares or 0.02% of its portfolio. Invesco Limited reported 0.01% stake. Blackrock Ltd reported 48,050 shares stake. Stephens Investment Group Inc Limited Com owns 595,902 shares or 0.42% of their US portfolio. State Teachers Retirement System reported 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Icon Advisers Communication, a Colorado-based fund reported 114,636 shares. Ls Invest Limited Liability Com invested in 1,007 shares. Frontier Capital Limited reported 220,638 shares stake.

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