Palouse Capital Management Raised Anthem (ANTM) Holding; Cormorant Asset Management Raised Its Rigel Pharmaceuticals (RIGL) Stake

June 19, 2017 - By Dolores Ford

Cormorant Asset Management Llc increased Rigel Pharmaceuticals Inc (RIGL) stake by 148.24% reported in 2016Q4 SEC filing. Cormorant Asset Management Llc acquired 1.71M shares as Rigel Pharmaceuticals Inc (RIGL)’s stock rose 5.44%. The Cormorant Asset Management Llc holds 2.87M shares with $6.83 million value, up from 1.16M last quarter. Rigel Pharmaceuticals Inc now has $322.44 million valuation. The stock rose 10.40% or $0.26 reaching $2.76 per share. About 2.87M shares traded or 390.32% up from the average. Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) has risen 4.56% since June 19, 2016 and is uptrending. It has underperformed by 12.14% the S&P500.

Palouse Capital Management Inc increased Anthem Inc (ANTM) stake by 84.78% reported in 2016Q4 SEC filing. Palouse Capital Management Inc acquired 13,290 shares as Anthem Inc (ANTM)’s stock rose 10.08%. The Palouse Capital Management Inc holds 28,965 shares with $4.16 million value, up from 15,675 last quarter. Anthem Inc now has $50.89 billion valuation. The stock rose 0.46% or $0.88 reaching $190.84 per share. About 130,674 shares traded. Anthem Inc (NYSE:ANTM) has risen 31.86% since June 19, 2016 and is uptrending. It has outperformed by 15.16% the S&P500.

Among 4 analysts covering Rigel Pharmaceuticals (NASDAQ:RIGL), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Rigel Pharmaceuticals had 7 analyst reports since August 8, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, August 31 by H.C. Wainwright. The firm has “Buy” rating given on Monday, May 16 by Jefferies. The firm has “Hold” rating by Zacks given on Saturday, August 8. The rating was maintained by Piper Jaffray on Tuesday, August 30 with “Overweight”. The rating was maintained by BMO Capital Markets with “Outperform” on Wednesday, August 31. Piper Jaffray initiated Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) on Monday, June 13 with “Overweight” rating. The firm has “Buy” rating given on Wednesday, July 13 by H.C. Wainwright.

Cormorant Asset Management Llc decreased Portola Pharmaceuticals Inc (NASDAQ:PTLA) stake by 59,000 shares to 537,000 valued at $12.05M in 2016Q4. It also reduced Myokardia Inc stake by 160,700 shares and now owns 1.45 million shares. Alder Biopharmaceuticals Inc (NASDAQ:ALDR) was reduced too.

Investors sentiment decreased to 0.74 in 2016 Q4. Its down 0.28, from 1.02 in 2016Q3. It dived, as 21 investors sold RIGL shares while 36 reduced holdings. 15 funds opened positions while 27 raised stakes. 86.85 million shares or 3.67% more from 83.78 million shares in 2016Q3 were reported. Credit Suisse Ag has 649,790 shares for 0% of their portfolio. Franklin Street Advsrs Nc stated it has 0.01% of its portfolio in Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL). Palo Alto Limited Liability Company accumulated 0.57% or 4.18M shares. Blackrock Fund Advisors owns 4.38M shares for 0% of their portfolio. Bridgeway Cap Management, a Texas-based fund reported 157,800 shares. Citadel Advsrs Ltd Liability Corporation holds 0.01% of its portfolio in Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) for 3.04 million shares. Millennium Mgmt Limited Liability Corp, New York-based fund reported 1.56M shares. Cap Guardian Trust holds 0% or 46 shares. Victory Capital Inc has 0% invested in Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) for 6,986 shares. Oxford Asset Management holds 0% or 13,794 shares in its portfolio. 2.87 million are owned by Cormorant Asset Management Ltd Limited Liability Company. Blackrock Inv Management Ltd Liability Com holds 374,383 shares or 0% of its portfolio. Tfs Capital Ltd Company reported 94,869 shares. Hsbc Public Ltd Company owns 17,229 shares. Moreover, Hightower Advsr Ltd Liability has 0% invested in Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL).

Since January 3, 2017, it had 0 buys, and 1 insider sale for $12,028 activity. Another trade for 5,000 shares valued at $12,028 was made by Duliege Anne-Marie on Tuesday, January 3.

Palouse Capital Management Inc decreased Prudential Finl Inc (NYSE:PRU) stake by 4,204 shares to 82,663 valued at $8.60M in 2016Q4. It also reduced Ford Mtr Co Del (NYSE:F) stake by 38,370 shares and now owns 452,881 shares. Citigroup Inc (NYSE:C) was reduced too.

Among 20 analysts covering Anthem Inc (NYSE:ANTM), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 40% are positive. Anthem Inc had 35 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating by FBR Capital given on Thursday, October 29. Cantor Fitzgerald upgraded Anthem Inc (NYSE:ANTM) rating on Friday, April 28. Cantor Fitzgerald has “Overweight” rating and $210 target. The firm has “Outperform” rating given on Thursday, July 30 by RBC Capital Markets. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, January 4. The firm earned “Buy” rating on Friday, January 8 by Jefferies. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, October 29 report. Goldman Sachs upgraded the shares of ANTM in report on Wednesday, January 20 to “Buy” rating. RBC Capital Markets maintained Anthem Inc (NYSE:ANTM) rating on Thursday, January 28. RBC Capital Markets has “Outperform” rating and $182 target. The rating was maintained by Oppenheimer with “Outperform” on Thursday, October 29. Oppenheimer maintained Anthem Inc (NYSE:ANTM) on Thursday, July 30 with “Outperform” rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.



Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: