As Johnson & Johnson (JNJ) Market Value Rose, Btc Capital Management Raised Its Stake by $428,090; Pier Capital Trimmed Repligen (RGEN) Holding by $1.05 Million

January 3, 2018 - By Peter Erickson

Pier Capital Llc decreased its stake in Repligen Corporation (RGEN) by 15.74% based on its latest 2017Q3 regulatory filing with the SEC. Pier Capital Llc sold 27,626 shares as the company’s stock rose 23.50% with the market. The institutional investor held 147,939 shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $5.67 million, down from 175,565 at the end of the previous reported quarter. Pier Capital Llc who had been investing in Repligen Corporation for a number of months, seems to be less bullish one the $1.62 billion market cap company. The stock increased 0.32% or $0.12 during the last trading session, reaching $37.18. About 89,832 shares traded. Repligen Corporation (NASDAQ:RGEN) has risen 59.96% since January 3, 2017 and is uptrending. It has outperformed by 43.26% the S&P500.

Btc Capital Management Inc increased its stake in Johnson & Johnson (JNJ) by 6.19% based on its latest 2017Q3 regulatory filing with the SEC. Btc Capital Management Inc bought 3,293 shares as the company’s stock rose 6.85% with the market. The institutional investor held 56,476 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $7.35 million, up from 53,183 at the end of the previous reported quarter. Btc Capital Management Inc who had been investing in Johnson & Johnson for a number of months, seems to be bullish on the $377.24 billion market cap company. The stock increased 0.85% or $1.19 during the last trading session, reaching $140.42. About 3.17 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since January 3, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Since December 14, 2017, it had 0 insider purchases, and 1 sale for $449,835 activity.

Pier Capital Llc, which manages about $576.61M US Long portfolio, upped its stake in Wix Com Ltd (NASDAQ:WIX) by 49,684 shares to 91,267 shares, valued at $6.56M in 2017Q3, according to the filing. It also increased its holding in Silicon Laboratories Inc (NASDAQ:SLAB) by 13,441 shares in the quarter, for a total of 90,607 shares, and has risen its stake in Welbilt Inc.

Investors sentiment decreased to 1.31 in Q3 2017. Its down 0.75, from 2.06 in 2017Q2. It is negative, as 26 investors sold RGEN shares while 48 reduced holdings. 29 funds opened positions while 68 raised stakes. 34.48 million shares or 3.95% more from 33.17 million shares in 2017Q2 were reported. Moreover, Quantbot Techs Ltd Partnership has 0% invested in Repligen Corporation (NASDAQ:RGEN) for 332 shares. Bnp Paribas Arbitrage Sa holds 0% or 18,793 shares. Gemmer Asset Management Ltd Llc accumulated 84 shares. Sei Invests holds 0.02% or 158,500 shares. California State Teachers Retirement Systems holds 0.01% of its portfolio in Repligen Corporation (NASDAQ:RGEN) for 60,046 shares. Panagora Asset Management accumulated 0% or 27,083 shares. Gotham Asset Mgmt Lc stated it has 118,888 shares or 0.07% of all its holdings. Louisiana State Employees Retirement holds 15,100 shares or 0.03% of its portfolio. Clarivest Asset Mngmt Ltd has 0.03% invested in Repligen Corporation (NASDAQ:RGEN) for 37,717 shares. Cortina Asset Mngmt Ltd Liability Corp holds 169,143 shares or 0.27% of its portfolio. Teachers Retirement System Of The State Of Kentucky reported 11,500 shares. Moreover, Ameritas Invest Partners has 0.01% invested in Repligen Corporation (NASDAQ:RGEN) for 2,916 shares. Pnc Grp Incorporated invested in 60,342 shares. Jpmorgan Chase stated it has 6,601 shares. Conestoga Cap Advisors Limited owns 2.46% invested in Repligen Corporation (NASDAQ:RGEN) for 1.45 million shares.

Among 8 analysts covering Repligen (NASDAQ:RGEN), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Repligen had 13 analyst reports since November 6, 2015 according to SRatingsIntel. The stock of Repligen Corporation (NASDAQ:RGEN) has “Hold” rating given on Tuesday, September 12 by Jefferies. The firm has “Hold” rating given on Friday, November 6 by Jefferies. Citigroup initiated the shares of RGEN in report on Friday, December 8 with “Buy” rating. The firm has “Hold” rating given on Thursday, June 8 by Jefferies. The stock has “Overweight” rating by Piper Jaffray on Monday, February 13. Craig Hallum initiated Repligen Corporation (NASDAQ:RGEN) on Monday, February 22 with “Buy” rating. The rating was maintained by Jefferies with “Hold” on Thursday, August 3. The rating was maintained by Jefferies with “Hold” on Tuesday, June 27. The stock of Repligen Corporation (NASDAQ:RGEN) earned “Buy” rating by J.P. Morgan on Tuesday, December 5. The firm has “Buy” rating given on Friday, July 21 by William Blair.

Analysts await Repligen Corporation (NASDAQ:RGEN) to report earnings on February, 28. They expect $0.12 EPS, up 50.00% or $0.04 from last year’s $0.08 per share. RGEN’s profit will be $5.23M for 77.46 P/E if the $0.12 EPS becomes a reality. After $0.15 actual EPS reported by Repligen Corporation for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.

Btc Capital Management Inc, which manages about $2.73B and $558.91M US Long portfolio, decreased its stake in Vanguard Bd Index Fd Inc (BND) by 28,054 shares to 453,508 shares, valued at $37.17 million in 2017Q3, according to the filing. It also reduced its holding in Lam Research Corp (NASDAQ:LRCX) by 9,522 shares in the quarter, leaving it with 21,819 shares, and cut its stake in Ameriprise Finl Inc (NYSE:AMP).

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