Alliancebernstein Hldgs LP Uni (AB) Share Price Declined While Rothschild Investment Lowered Its Position; As Biogen Idec (BIIB) Valuation Declined, Fic Capital Lowered Its Holding

December 20, 2017 - By Adrian Mccoy

Rothschild Investment Corp decreased its stake in Alliancebernstein Hldgs Lp Uni (AB) by 25.23% based on its latest 2017Q2 regulatory filing with the SEC. Rothschild Investment Corp sold 19,878 shares as the company’s stock declined 13.43% while stock markets rallied. The institutional investor held 58,900 shares of the investment managers company at the end of 2017Q2, valued at $1.39M, down from 78,778 at the end of the previous reported quarter. Rothschild Investment Corp who had been investing in Alliancebernstein Hldgs Lp Uni for a number of months, seems to be less bullish one the $2.40 billion market cap company. The stock increased 0.93% or $0.2361 during the last trading session, reaching $25.6361. About 66,470 shares traded. AllianceBernstein Holding L.P. (NYSE:AB) has declined 7.46% since December 20, 2016 and is downtrending. It has underperformed by 24.16% the S&P500.

Fic Capital Inc decreased its stake in Biogen Idec Inc (BIIB) by 19.8% based on its latest 2017Q2 regulatory filing with the SEC. Fic Capital Inc sold 1,160 shares as the company’s stock declined 13.45% while stock markets rallied. The institutional investor held 4,698 shares of the biological products (no diagnostic substances) company at the end of 2017Q2, valued at $1.28M, down from 5,858 at the end of the previous reported quarter. Fic Capital Inc who had been investing in Biogen Idec Inc for a number of months, seems to be less bullish one the $70.82B market cap company. The stock increased 2.40% or $7.86 during the last trading session, reaching $334.88. About 509,083 shares traded. Biogen Inc. (NASDAQ:BIIB) has risen 4.94% since December 20, 2016 and is uptrending. It has underperformed by 11.76% the S&P500.

Analysts await Biogen Inc. (NASDAQ:BIIB) to report earnings on January, 25. They expect $5.55 earnings per share, up 10.12% or $0.51 from last year’s $5.04 per share. BIIB’s profit will be $1.17 billion for 15.08 P/E if the $5.55 EPS becomes a reality. After $6.31 actual earnings per share reported by Biogen Inc. for the previous quarter, Wall Street now forecasts -12.04% negative EPS growth.

Fic Capital Inc, which manages about $297.00 million and $243.12M US Long portfolio, upped its stake in Costco (NASDAQ:COST) by 5,840 shares to 9,050 shares, valued at $1.45 million in 2017Q2, according to the filing. It also increased its holding in United Parcel B (NYSE:UPS) by 5,155 shares in the quarter, for a total of 34,849 shares, and has risen its stake in Facebook Inc Cl A (NASDAQ:FB).

Investors sentiment decreased to 0.88 in 2017 Q2. 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. Wedge Mgmt L Lp Nc stated it has 0.39% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Public Employees Retirement Association Of Colorado reported 0.08% in Biogen Inc. (NASDAQ:BIIB). Ssi Mgmt Incorporated holds 770 shares. Cetera Advisors Ltd Liability Co reported 1,026 shares. Lau Llc reported 4,420 shares stake. Regions invested 0.02% in Biogen Inc. (NASDAQ:BIIB). Fernwood Mngmt Ltd Limited Liability Company holds 1.93% or 9,800 shares. Zacks Inv Mngmt reported 21,581 shares. The Manitoba – Canada-based Ig Invest Mngmt Limited has invested 0.06% in Biogen Inc. (NASDAQ:BIIB). Credit Agricole S A, a France-based fund reported 228,122 shares. Bokf Na has 0.13% invested in Biogen Inc. (NASDAQ:BIIB) for 15,306 shares. Moreover, Federated Inc Pa has 0% invested in Biogen Inc. (NASDAQ:BIIB). Ent Fincl stated it has 0% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Whittier Tru reported 19,192 shares. 145,273 are held by Retirement System Of Alabama.

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 stock of Biogen Inc. (NASDAQ:BIIB) earned “Market Perform” rating by BMO Capital Markets on Friday, July 24. H.C. Wainwright maintained it with “Buy” rating and $360 target in Thursday, October 22 report. The stock has “Hold” rating by Jefferies on Monday, June 12. The stock of Biogen Inc. (NASDAQ:BIIB) earned “Buy” rating by Goldman Sachs on Tuesday, October 24. On Thursday, January 7 the stock rating was initiated by Standpoint Research with “Buy”. Jefferies reinitiated Biogen Inc. (NASDAQ:BIIB) rating on Tuesday, July 11. Jefferies has “Hold” rating and $310 target. As per Friday, July 14, the company rating was maintained by Nomura. On Thursday, September 21 the stock rating was downgraded by Raymond James to “Market Perform”. On Wednesday, July 26 the stock rating was maintained by BMO Capital Markets with “Market Perform”. UBS upgraded Biogen Inc. (NASDAQ:BIIB) on Monday, June 19 to “Neutral” rating.

Among 6 analysts covering AllianceBernstein Holding (NYSE:AB), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. AllianceBernstein Holding had 27 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Monday, October 12. Jefferies maintained it with “Hold” rating and $25.0 target in Monday, September 25 report. Jefferies maintained the stock with “Hold” rating in Thursday, August 17 report. The firm has “Buy” rating by Bank of America given on Tuesday, March 15. The firm has “Buy” rating by Citigroup given on Thursday, October 26. Bank of America upgraded it to “Buy” rating and $25 target in Thursday, April 13 report. Bank of America downgraded AllianceBernstein Holding L.P. (NYSE:AB) on Wednesday, October 7 to “Neutral” rating. Citigroup downgraded the shares of AB in report on Tuesday, November 22 to “Neutral” rating. The rating was maintained by Jefferies with “Hold” on Thursday, November 2. The company was maintained on Thursday, September 3 by Wood.

Investors sentiment increased to 1.05 in Q2 2017. Its up 0.21, from 0.84 in 2017Q1. It is positive, as 17 investors sold AB shares while 39 reduced holdings. 19 funds opened positions while 40 raised stakes. 17.41 million shares or 10.47% less from 19.45 million shares in 2017Q1 were reported. Ontario – Canada-based Royal Fincl Bank Of Canada has invested 0% in AllianceBernstein Holding L.P. (NYSE:AB). Qci Asset Mgmt Ny has 2,000 shares. Loring Wolcott Coolidge Fiduciary Advsr Limited Liability Partnership Ma reported 90 shares or 0% of all its holdings. Paradigm Asset Management Communications Ltd Co, New York-based fund reported 25,100 shares. Beach Inv Ltd Com stated it has 24,625 shares. Moors And Cabot Incorporated stated it has 0.22% of its portfolio in AllianceBernstein Holding L.P. (NYSE:AB). Moreover, Barclays Public Limited has 0% invested in AllianceBernstein Holding L.P. (NYSE:AB) for 829 shares. Meritage Portfolio Mngmt holds 0.37% of its portfolio in AllianceBernstein Holding L.P. (NYSE:AB) for 150,182 shares. Guinness Asset Ltd reported 0.05% of its portfolio in AllianceBernstein Holding L.P. (NYSE:AB). Ontario – Canada-based Commercial Bank Of Montreal Can has invested 0.01% in AllianceBernstein Holding L.P. (NYSE:AB). Ftb reported 0% stake. Blair William And Communication Il reported 11,799 shares stake. Diligent Invsts Limited Liability owns 10,224 shares. Evercore Wealth Management Ltd Liability holds 1,000 shares or 0% of its portfolio. Tru Department Mb Fin Bancorp N A has 0.06% invested in AllianceBernstein Holding L.P. (NYSE:AB).

Analysts await AllianceBernstein Holding L.P. (NYSE:AB) to report earnings on February, 13. They expect $0.63 EPS, down 5.97% or $0.04 from last year’s $0.67 per share. AB’s profit will be $59.05 million for 10.17 P/E if the $0.63 EPS becomes a reality. After $0.51 actual EPS reported by AllianceBernstein Holding L.P. for the previous quarter, Wall Street now forecasts 23.53% EPS growth.

Rothschild Investment Corp, which manages about $1.10B and $880.81 million US Long portfolio, upped its stake in Advisors Ser Tr Poplar Frst Co by 17,886 shares to 306,997 shares, valued at $8.05M in 2017Q2, according to the filing. It also increased its holding in Verizon Communications Com (NYSE:VZ) by 14,147 shares in the quarter, for a total of 217,381 shares, and has risen its stake in Allergan Plc Shs.

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