Adage Capital Partners Gp Lowered Its United Technologies (UTX) Position, Amcon Distributing Company (NYSEMKT:DIT) Shorts Down By 58.33%

June 19, 2017 - By Linda Rogers

Adage Capital Partners Gp Llc decreased United Technologies Corp (UTX) stake by 2.96% reported in 2016Q4 SEC filing. Adage Capital Partners Gp Llc sold 30,901 shares as United Technologies Corp (UTX)’s stock rose 8.03%. The Adage Capital Partners Gp Llc holds 1.01 million shares with $110.97 million value, down from 1.04M last quarter. United Technologies Corp now has $97.16 billion valuation. The stock rose 0.95% or $1.15 reaching $121.58. About 2.09 million shares traded. United Technologies Corporation (NYSE:UTX) has risen 22.99% since June 19, 2016 and is uptrending. It has outperformed by 6.29% the S&P500.

Amcon Distributing Company (NYSEMKT:DIT) had a decrease of 58.33% in short interest. DIT’s SI was 500 shares in June as released by FINRA. Its down 58.33% from 1,200 shares previously. With 900 avg volume, 1 days are for Amcon Distributing Company (NYSEMKT:DIT)’s short sellers to cover DIT’s short positions. The SI to Amcon Distributing Company’s float is 0.16%. About 699 shares traded. AMCON Distributing Co. (NYSEMKT:DIT) has risen 33.62% since June 19, 2016 and is uptrending. It has outperformed by 16.92% the S&P500.

Among 20 analysts covering United Technologies Corporation (NYSE:UTX), 7 have Buy rating, 0 Sell and 13 Hold. Therefore 35% are positive. United Technologies Corporation had 47 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Monday, December 19 by Credit Suisse. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, May 3. Robert W. Baird initiated United Technologies Corporation (NYSE:UTX) on Thursday, October 6 with “Neutral” rating. On Monday, October 10 the stock rating was downgraded by CItigroup to “Neutral”. The firm has “Buy” rating given on Tuesday, October 6 by Numis Securities. Atlantic Securities downgraded it to “Neutral” rating and $110 target in Wednesday, July 22 report. Liberum Capital initiated the stock with “Hold” rating in Tuesday, December 1 report. Argus Research maintained it with “Buy” rating and $125 target in Wednesday, July 22 report. The rating was maintained by RBC Capital Markets on Friday, June 2 with “Hold”. The firm earned “Equal Weight” rating on Monday, August 31 by Barclays Capital.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on July, 25. They expect $1.76 earnings per share, down 3.30% or $0.06 from last year’s $1.82 per share. UTX’s profit will be $1.41 billion for 17.27 P/E if the $1.76 EPS becomes a reality. After $1.48 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts 18.92% EPS growth.

Adage Capital Partners Gp Llc increased Johnson & Johnson (NYSE:JNJ) stake by 559,050 shares to 3.63M valued at $418.49 million in 2016Q4. It also upped Loxo Oncology Inc (NASDAQ:LOXO) stake by 352,500 shares and now owns 1.17M shares. Goldman Sachs Group Inc (NYSE:GS) was raised too.

Since February 6, 2017, it had 0 buys, and 10 sales for $11.15 million activity. MCDONOUGH ROBERT J had sold 300 shares worth $33,396 on Tuesday, February 7. DELPECH PHILIPPE had sold 7,696 shares worth $925,993. Gill Charles D sold $4.25M worth of stock or 37,975 shares. HAYES GREGORY had sold 17,450 shares worth $1.93 million. JOHRI AKHIL had sold 2,209 shares worth $246,111 on Tuesday, February 7. $322,969 worth of United Technologies Corporation (NYSE:UTX) shares were sold by Bailey Robert J.. Dumais Michael R had sold 2,541 shares worth $284,906 on Thursday, February 16.

Investors sentiment decreased to 1 in Q4 2016. Its down 0.06, from 1.06 in 2016Q3. It worsened, as 70 investors sold UTX shares while 516 reduced holdings. 100 funds opened positions while 484 raised stakes. 623.51 million shares or 1.02% less from 629.95 million shares in 2016Q3 were reported. Sii Investments Wi has invested 0.28% in United Technologies Corporation (NYSE:UTX). 14,520 are held by Roof Eidam Maycock Adv. 2,000 were reported by Garrison Bradford &. North Star Investment Mngmt owns 4,389 shares. 1St owns 5,983 shares for 0.08% of their portfolio. Lba Wealth Mngmt Limited Liability Com owns 0.47% invested in United Technologies Corporation (NYSE:UTX) for 7,766 shares. Gamble Jones Invest Counsel, California-based fund reported 69,884 shares. Pitcairn Company stated it has 0.2% in United Technologies Corporation (NYSE:UTX). Btim Corp invested in 13,551 shares or 0.02% of the stock. Nj State Employees Deferred Compensation Plan reported 0.54% in United Technologies Corporation (NYSE:UTX). Appleton Prns Inc Ma has 12,319 shares. Horan Cap Mngmt reported 9,941 shares stake. Welch Group Inc Limited Company invested in 3.06% or 142,714 shares. Braun Stacey Assoc invested in 5,500 shares or 0.04% of the stock. Bridgeway holds 142,785 shares or 0.2% of its portfolio.

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