Benin Management Boosted By $983,475 Its Bb&T (BBT) Position, Endologix (ELGX) Shorts Down By 5.77%

June 1, 2017 - By Michael Collier

Endologix Incorporated (NASDAQ:ELGX) had a decrease of 5.77% in short interest. ELGX’s SI was 18.29M shares in June as released by FINRA. Its down 5.77% from 19.41M shares previously. With 1.51M avg volume, 12 days are for Endologix Incorporated (NASDAQ:ELGX)’s short sellers to cover ELGX’s short positions. The SI to Endologix Incorporated’s float is 26.86%. It closed at $4.82 lastly. It is down 63.00% since June 1, 2016 and is downtrending. It has underperformed by 79.70% the S&P500.

Benin Management Corp increased Bb&T Corp (BBT) stake by 55.53% reported in 2016Q4 SEC filing. Benin Management Corp acquired 20,925 shares as Bb&T Corp (BBT)’s stock declined 11.91%. The Benin Management Corp holds 58,605 shares with $2.76M value, up from 37,680 last quarter. Bb&T Corp now has $33.46B valuation. It closed at $41.65 lastly. It is down 20.68% since June 1, 2016 and is uptrending. It has outperformed by 3.98% the S&P500.

Endologix, Inc. is engaged in developing, manufacturing, marketing and selling medical devices for the treatment of aortic disorders. The company has market cap of $418.16 million. The Company’s products are intended for the treatment of abdominal aortic aneurysms . It currently has negative earnings. The AAA products are built on one of two platforms, including traditional minimally invasive endovascular repair (EVAR) or endovascular sealing (EVAS), its solution for sealing the aneurysm sac while maintaining blood flow through two blood flow lumens.

Since December 13, 2016, it had 8 buys, and 0 insider sales for $540,366 activity. Another trade for 2,200 shares valued at $9,504 was made by Mitchell Robert D on Friday, May 19. NEELS GUIDO J also bought $86,400 worth of Endologix, Inc. (NASDAQ:ELGX) shares. McDermott John D also bought $66,710 worth of Endologix, Inc. (NASDAQ:ELGX) on Wednesday, December 14. 5,000 Endologix, Inc. (NASDAQ:ELGX) shares with value of $22,200 were bought by Zenty III Thomas F. 20,000 shares were bought by Mahboob Vaseem, worth $125,000. Another trade for 22,522 shares valued at $99,772 was made by Lemaitre Dan on Monday, May 22.

Investors sentiment increased to 1.22 in 2016 Q4. Its up 0.04, from 1.18 in 2016Q3. It is positive, as 34 investors sold Endologix, Inc. shares while 29 reduced holdings. 23 funds opened positions while 54 raised stakes. 83.87 million shares or 6.17% less from 89.39 million shares in 2016Q3 were reported. Columbia Wanger Asset Mgmt Limited Liability Company holds 6.32M shares or 0.51% of its portfolio. Elk Creek Partners Lc owns 2.80 million shares for 1.08% of their portfolio. William Harris Invsts Inc has invested 0.15% of its portfolio in Endologix, Inc. (NASDAQ:ELGX). Moreover, Creative Planning has 0% invested in Endologix, Inc. (NASDAQ:ELGX). Mackenzie Fincl reported 1.83 million shares or 0.06% of all its holdings. Vanguard Grp Inc invested in 5.98 million shares. State Common Retirement Fund holds 862,889 shares. Commercial Bank Of Mellon has invested 0% of its portfolio in Endologix, Inc. (NASDAQ:ELGX). Denver Inv Advsr Limited Liability Co invested in 0.01% or 50,615 shares. Fil Ltd accumulated 882,214 shares or 0.01% of the stock. Perkins Mngmt reported 0.08% in Endologix, Inc. (NASDAQ:ELGX). 6,683 were reported by Great West Life Assurance Can. Ameriprise reported 222,584 shares. Voya Mngmt Limited Company, Georgia-based fund reported 33,439 shares. Moreover, Blackrock Investment Management Limited has 0% invested in Endologix, Inc. (NASDAQ:ELGX) for 305,519 shares.

Among 10 analysts covering Endologix Inc. (NASDAQ:ELGX), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Endologix Inc. had 26 analyst reports since August 4, 2015 according to SRatingsIntel. JP Morgan downgraded the stock to “Neutral” rating in Wednesday, November 16 report. The firm earned “Overweight” rating on Monday, April 4 by JP Morgan. The rating was initiated by RBC Capital Markets on Monday, October 19 with “Outperform”. The rating was downgraded by BMO Capital Markets to “Market Perform” on Tuesday, October 27. The stock has “Hold” rating by Canaccord Genuity on Tuesday, October 27. The stock has “Outperform” rating by RBC Capital Markets on Monday, June 13. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, May 10 report. As per Friday, August 7, the company rating was upgraded by Oppenheimer. The firm earned “Hold” rating on Tuesday, August 4 by Canaccord Genuity. As per Tuesday, September 6, the company rating was initiated by Leerink Swann.

Benin Management Corp decreased Prudential Finl Inc (NYSE:PRU) stake by 19,755 shares to 105,605 valued at $10.99M in 2016Q4. It also reduced Spdr Gold Trust (GLD) stake by 5,880 shares and now owns 3,565 shares. Apple Inc (NASDAQ:AAPL) was reduced too.

Among 24 analysts covering BB&T Corp (NYSE:BBT), 9 have Buy rating, 2 Sell and 13 Hold. Therefore 38% are positive. BB&T Corp had 45 analyst reports since July 17, 2015 according to SRatingsIntel. The firm has “Underweight” rating by Piper Jaffray given on Monday, March 28. The firm earned “Outperform” rating on Monday, May 16 by Suntrust Robinson. The firm earned “Market Perform” rating on Wednesday, August 26 by BMO Capital Markets. The firm has “Neutral” rating given on Monday, January 9 by Piper Jaffray. BMO Capital Markets maintained it with “Hold” rating and $4800 target in Friday, May 26 report. The company was maintained on Wednesday, April 5 by RBC Capital Markets. As per Tuesday, April 5, the company rating was maintained by Deutsche Bank. The stock of BB&T Corporation (NYSE:BBT) earned “Hold” rating by Deutsche Bank on Wednesday, August 12. Wood maintained it with “Market Perform” rating and $37 target in Wednesday, October 19 report. On Monday, January 25 the stock rating was upgraded by Hilliard Lyons to “Buy”.

Investors sentiment decreased to 1.17 in Q4 2016. Its down 0.18, from 1.35 in 2016Q3. It is negative, as 47 investors sold BBT shares while 271 reduced holdings. 109 funds opened positions while 262 raised stakes. 518.52 million shares or 2.79% more from 504.45 million shares in 2016Q3 were reported. Cornerstone Advsr holds 0.03% of its portfolio in BB&T Corporation (NYSE:BBT) for 816 shares. Hartford Mngmt holds 229,977 shares. Newman Dignan & Sheerar owns 19,501 shares or 0.56% of their US portfolio. Woodmont Investment Counsel Lc has 47,672 shares for 0.64% of their portfolio. Dana Investment Advsr Incorporated owns 0.01% invested in BB&T Corporation (NYSE:BBT) for 4,965 shares. Pnc Financial Ser Gp Inc stated it has 0.03% of its portfolio in BB&T Corporation (NYSE:BBT). Acadian Asset Mgmt Limited Liability reported 268 shares. White Pine Capital Limited reported 6,550 shares. Staley Cap Advisers Inc reported 0.02% of its portfolio in BB&T Corporation (NYSE:BBT). First Natl Tru holds 0.43% of its portfolio in BB&T Corporation (NYSE:BBT) for 65,543 shares. First Ltd Partnership holds 0.09% in BB&T Corporation (NYSE:BBT) or 675,199 shares. Oakwood Cap Management Ltd Co Ca holds 139,374 shares. Aqr Mgmt Limited reported 982,758 shares stake. First Interstate National Bank invested in 0.1% or 10,776 shares. Hrt Ltd Liability stated it has 7,271 shares or 0.43% of all its holdings.

Since December 22, 2016, it had 0 insider purchases, and 24 selling transactions for $111.72 million activity. Thompson Thomas Nichols had sold 21,025 shares worth $1.00 million on Wednesday, March 15. Wilson Donta L sold $376,433 worth of stock. The insider KING KELLY S sold 290,356 shares worth $13.21 million. Williams Stephen T had sold 1.19M shares worth $54.77 million on Thursday, December 22. QUBEIN NIDO R sold $220,667 worth of BB&T Corporation (NYSE:BBT) on Monday, February 13. $187,483 worth of BB&T Corporation (NYSE:BBT) shares were sold by Powell Cynthia B. 160,595 shares valued at $7.27M were sold by DUCK BARBARA F on Monday, January 23.

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