Alps Advisors Raised By $8.59 Million Its Boardwalk Pipeline Partners LP (BWP) Position; Matinas Biopharma Holdings INC. (NYSEMKT:MTNB) Shorts Down By 15.03%

September 6, 2017 - By Adrian Erickson

Alps Advisors Inc increased Boardwalk Pipeline Partners Lp (BWP) stake by 6.39% reported in 2016Q4 SEC filing. Alps Advisors Inc acquired 505,571 shares as Boardwalk Pipeline Partners Lp (BWP)’s stock rose 2.14%. The Alps Advisors Inc holds 8.41 million shares with $146.03 million value, up from 7.91 million last quarter. Boardwalk Pipeline Partners Lp now has $3.74B valuation. The stock decreased 0.80% or $0.12 during the last trading session, reaching $14.95. About shares traded. Boardwalk Pipeline Partners, LP (NYSE:BWP) has risen 11.68% since September 6, 2016 and is uptrending. It has underperformed by 5.02% the S&P500.

Matinas Biopharma Holdings INC. (NYSEMKT:MTNB) had a decrease of 15.03% in short interest. MTNB’s SI was 3.55M shares in September as released by FINRA. Its down 15.03% from 4.18M shares previously. With 276,700 avg volume, 13 days are for Matinas Biopharma Holdings INC. (NYSEMKT:MTNB)’s short sellers to cover MTNB’s short positions. The SI to Matinas Biopharma Holdings INC.’s float is 5.15%. It closed at $1.29 lastly. It is down 469.23% since September 6, 2016 and is uptrending. It has outperformed by 452.53% the S&P500.

Investors sentiment decreased to 0.99 in 2016 Q4. Its down 0.01, from 1 in 2016Q3. It turned negative, as 14 investors sold BWP shares while 35 reduced holdings. 28 funds opened positions while 47 raised stakes. 229.78 million shares or 0.73% more from 228.11 million shares in 2016Q3 were reported. Cwm Ltd invested in 0% or 419 shares. Valley Advisers Inc holds 0.02% or 1,972 shares. Zimmer Prtnrs Lp owns 858,028 shares for 0.47% of their portfolio. Huntington Bank accumulated 300 shares or 0% of the stock. Peak6 Invests Lp stated it has 494 shares or 0% of all its holdings. Moreover, Ing Groep Nv has 0.45% invested in Boardwalk Pipeline Partners, LP (NYSE:BWP). Bb&T holds 0% of its portfolio in Boardwalk Pipeline Partners, LP (NYSE:BWP) for 10,000 shares. Allianz Asset Mgmt Ag has 2.57M shares for 0.04% of their portfolio. Pnc Fincl Svcs Grp, a Pennsylvania-based fund reported 93,000 shares. Invesco Limited stated it has 0% in Boardwalk Pipeline Partners, LP (NYSE:BWP). Cowen Gp Inc holds 0.01% or 15,150 shares in its portfolio. Lee Danner And Bass Inc invested in 473,717 shares. Parallax Volatility Advisers Ltd Partnership accumulated 703 shares or 0% of the stock. Nuveen Asset Ltd Com accumulated 48,198 shares or 0% of the stock. Conning owns 133,312 shares.

Alps Advisors Inc decreased Supernus Pharmaceuticals Inc (NASDAQ:SUPN) stake by 15,859 shares to 66,251 valued at $1.67M in 2016Q4. It also reduced Agios Pharmaceuticals Inc (NASDAQ:AGIO) stake by 8,125 shares and now owns 40,377 shares. Wal (NYSE:WMT) was reduced too.

Among 6 analysts covering Boardwalk Pipeline Partners (NYSE:BWP), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Boardwalk Pipeline Partners had 12 analyst reports since August 13, 2015 according to SRatingsIntel. The company was maintained on Tuesday, September 1 by Bank of America. RBC Capital Markets maintained it with “Outperform” rating and $21 target in Tuesday, February 7 report. As per Thursday, September 29, the company rating was initiated by Janney Capital. The stock has “Buy” rating by RBC Capital Markets on Monday, June 5. The rating was maintained by Credit Suisse on Tuesday, February 9 with “Outperform”. The stock has “Sector Perform” rating by RBC Capital Markets on Tuesday, August 1. JP Morgan maintained the shares of BWP in report on Friday, May 27 with “Overweight” rating. The stock of Boardwalk Pipeline Partners, LP (NYSE:BWP) earned “Underweight” rating by Barclays Capital on Tuesday, August 2. On Thursday, July 21 the stock rating was downgraded by Ladenburg Thalmann to “Neutral”.