Cypress Funds Lifted Its Churchill Downs (CHDN) Holding by $8.34 Million; Share Price Rose; As Cigna (CI) Stock Rose, Redwood Capital Management Trimmed Its Position by $27.67 Million

January 1, 2018 - By Ellis Scott

Jonathan Kolatch decreased its stake in Cigna Corporation (CI) by 78.81% based on its latest 2017Q3 regulatory filing with the SEC. Redwood Capital Management Llc sold 148,769 shares as the company’s stock rose 11.09% with the market. The hedge fund run by Jonathan Kolatch held 40,000 shares of the medical specialities company at the end of 2017Q3, valued at $7.48 million, down from 188,769 at the end of the previous reported quarter. Redwood Capital Management Llc who had been investing in Cigna Corporation for a number of months, seems to be less bullish one the $50.07 billion market cap company. The stock decreased 1.05% or $2.15 during the last trading session, reaching $203.09. About 736,245 shares traded. Cigna Corporation (NYSE:CI) has risen 23.57% since January 1, 2017 and is uptrending. It has outperformed by 6.87% the S&P500.

Cypress Funds Llc increased its stake in Churchill Downs Inc (CHDN) by 33.33% based on its latest 2017Q3 regulatory filing with the SEC. Cypress Funds Llc bought 40,500 shares as the company’s stock rose 8.09% with the market. The hedge fund held 162,000 shares of the consumer services company at the end of 2017Q3, valued at $33.40M, up from 121,500 at the end of the previous reported quarter. Cypress Funds Llc who had been investing in Churchill Downs Inc for a number of months, seems to be bullish on the $3.55B market cap company. The stock decreased 0.11% or $0.25 during the last trading session, reaching $232.7. About 109,231 shares traded or 35.13% up from the average. Churchill Downs Incorporated (NASDAQ:CHDN) has risen 34.01% since January 1, 2017 and is uptrending. It has outperformed by 17.31% the S&P500.

Among 18 analysts covering CIGNA (NYSE:CI), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. CIGNA had 52 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Monday, September 11. As per Friday, November 3, the company rating was maintained by RBC Capital Markets. On Thursday, July 13 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Overweight” rating given on Wednesday, September 16 by JP Morgan. On Monday, October 23 the stock rating was maintained by Cowen & Co with “Buy”. The stock of Cigna Corporation (NYSE:CI) has “Buy” rating given on Sunday, July 23 by RBC Capital Markets. On Monday, August 7 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was upgraded by Jefferies to “Buy” on Friday, January 8. The firm earned “Equal-Weight” rating on Wednesday, January 6 by Barclays Capital. As per Monday, August 7, the company rating was maintained by Morgan Stanley.

Since August 7, 2017, it had 0 insider purchases, and 7 insider sales for $8.11 million activity. 2,236 shares were sold by Bacus Lisa R, worth $402,366. $93,232 worth of Cigna Corporation (NYSE:CI) was sold by Hoeltzel Mary T. 37,756 Cigna Corporation (NYSE:CI) shares with value of $6.65 million were sold by Sadler Jason D. $647,360 worth of Cigna Corporation (NYSE:CI) was sold by Triplett Michael W on Tuesday, August 8. HARRIS ISAIAH JR sold 212 shares worth $44,382.

Investors sentiment is 0.96 in 2017 Q3. Its the same as in 2017Q2. It is flat, as 47 investors sold CI shares while 249 reduced holdings. only 72 funds opened positions while 212 raised stakes. 206.32 million shares or 5.35% less from 217.98 million shares in 2017Q2 were reported. Smithfield holds 0% of its portfolio in Cigna Corporation (NYSE:CI) for 112 shares. Bryn Mawr, Pennsylvania-based fund reported 5,536 shares. Baystate Wealth Mngmt Limited Liability invested 0.02% of its portfolio in Cigna Corporation (NYSE:CI). State Treasurer State Of Michigan has 76,428 shares. 228,725 were reported by Martingale Asset L P. 21,478 were accumulated by Raymond James Fin Advisors. Plante Moran Fincl Advisors Ltd Liability Co owns 54 shares. Usca Ria Ltd Liability Corporation invested in 1,734 shares or 0.04% of the stock. Northwestern Mutual Wealth Management invested 0% of its portfolio in Cigna Corporation (NYSE:CI). Town Country State Bank Dba First Bankers, a Kentucky-based fund reported 1,302 shares. Dimensional Fund Advsr Limited Partnership has 1.43 million shares for 0.12% of their portfolio. Gofen & Glossberg Il owns 0.09% invested in Cigna Corporation (NYSE:CI) for 13,500 shares. Northcoast Asset Mgmt Lc accumulated 1.64% or 74,466 shares. Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma holds 3,637 shares or 0.01% of its portfolio. Advantus Cap Mngmt holds 0.12% in Cigna Corporation (NYSE:CI) or 25,421 shares.

Analysts await Cigna Corporation (NYSE:CI) to report earnings on February, 1. They expect $1.87 EPS, 0.00% or $0.00 from last year’s $1.87 per share. CI’s profit will be $461.05M for 27.15 P/E if the $1.87 EPS becomes a reality. After $2.83 actual EPS reported by Cigna Corporation for the previous quarter, Wall Street now forecasts -33.92% negative EPS growth.

Since August 31, 2017, it had 0 insider buys, and 2 selling transactions for $1.97 million activity.

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