Vaughan David Investments Has Decreased Its Pnc Financial Services Group (PNC) Holding; Rock Springs Capital Management LP Has Decreased By $3.19 Million Its Alkermes Plc (ALKS) Position

June 19, 2017 - By Adrian Erickson

Vaughan David Investments Inc decreased Pnc Financial Services Group (PNC) stake by 3.92% reported in 2016Q4 SEC filing. Vaughan David Investments Inc sold 8,120 shares as Pnc Financial Services Group (PNC)’s stock declined 6.38%. The Vaughan David Investments Inc holds 199,248 shares with $23.30M value, down from 207,368 last quarter. Pnc Financial Services Group now has $59.65 billion valuation. The stock rose 1.00% or $1.23 reaching $123.74. About 674,042 shares traded. PNC Financial Services Group Inc (NYSE:PNC) has risen 35.14% since June 19, 2016 and is uptrending. It has outperformed by 18.44% the S&P500.

Rock Springs Capital Management Lp decreased Alkermes Plc (ALKS) stake by 31.7% reported in 2016Q4 SEC filing. Rock Springs Capital Management Lp sold 58,027 shares as Alkermes Plc (ALKS)’s stock rose 6.12%. The Rock Springs Capital Management Lp holds 125,000 shares with $6.95M value, down from 183,027 last quarter. Alkermes Plc now has $8.63 billion valuation. The stock rose 0.59% or $0.34 reaching $57.49. About 212,541 shares traded. Alkermes Plc (NASDAQ:ALKS) has risen 47.50% since June 19, 2016 and is uptrending. It has outperformed by 30.80% the S&P500.

Among 9 analysts covering Alkermes (NASDAQ:ALKS), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Alkermes had 18 analyst reports since September 1, 2015 according to SRatingsIntel. The rating was upgraded by Cowen & Co to “Market Perform” on Tuesday, July 26. Barclays Capital maintained the shares of ALKS in report on Wednesday, October 7 with “Overweight” rating. Jefferies maintained Alkermes Plc (NASDAQ:ALKS) rating on Friday, October 21. Jefferies has “Buy” rating and $70 target. The stock of Alkermes Plc (NASDAQ:ALKS) has “Overweight” rating given on Friday, July 29 by Barclays Capital. JP Morgan downgraded the shares of ALKS in report on Thursday, January 21 to “Neutral” rating. Cowen & Co downgraded it to “Market Perform” rating and $50 target in Thursday, January 21 report. As per Thursday, January 21, the company rating was maintained by Leerink Swann. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, July 13. The firm has “Outperform” rating given on Friday, October 21 by Leerink Swann. Morgan Stanley upgraded Alkermes Plc (NASDAQ:ALKS) on Tuesday, September 1 to “Overweight” rating.

Investors sentiment decreased to 0.91 in 2016 Q4. Its down 0.29, from 1.2 in 2016Q3. It turned negative, as 26 investors sold ALKS shares while 96 reduced holdings. 44 funds opened positions while 67 raised stakes. 138.80 million shares or 2.08% more from 135.97 million shares in 2016Q3 were reported. Winslow Evans & Crocker reported 0% of its portfolio in Alkermes Plc (NASDAQ:ALKS). Stevens Limited Partnership has 18,459 shares for 0.04% of their portfolio. Citadel Advsr Ltd Liability Com accumulated 13,165 shares or 0% of the stock. Franklin Res has 0.08% invested in Alkermes Plc (NASDAQ:ALKS) for 2.78 million shares. Ameriprise Finance has invested 0.05% in Alkermes Plc (NASDAQ:ALKS). Northwestern Mutual Wealth Mngmt has 372 shares. Parametric Portfolio Assoc invested 0.01% of its portfolio in Alkermes Plc (NASDAQ:ALKS). United Svcs Automobile Association, Texas-based fund reported 182,694 shares. Whittier Tru owns 415 shares. Camber Management Ltd Company stated it has 2.89% in Alkermes Plc (NASDAQ:ALKS). Putnam Invs Ltd Com has 189,481 shares. Geode Cap Mngmt Ltd Liability Corp reported 0.03% of its portfolio in Alkermes Plc (NASDAQ:ALKS). D E Shaw & Com has 831,790 shares for 0.08% of their portfolio. Soros Fund Mgmt Ltd Llc holds 7,200 shares. Bnp Paribas Arbitrage Sa holds 0% or 12,351 shares.

Analysts await Alkermes Plc (NASDAQ:ALKS) to report earnings on July, 27. They expect $-0.26 EPS, down 44.44% or $0.08 from last year’s $-0.18 per share. After $-0.31 actual EPS reported by Alkermes Plc for the previous quarter, Wall Street now forecasts -16.13% EPS growth.

Rock Springs Capital Management Lp increased Wright Med Group N V stake by 54,000 shares to 667,000 valued at $15.33 million in 2016Q4. It also upped Medicines Co (NASDAQ:MDCO) stake by 18,500 shares and now owns 699,500 shares. Ligand Pharmaceuticals Inc (NASDAQ:LGND) was raised too.

Vaughan David Investments Inc increased Pepsico Inc (NYSE:PEP) stake by 3,296 shares to 240,344 valued at $25.15 million in 2016Q4. It also upped Abbott Laboratories (NYSE:ABT) stake by 21,802 shares and now owns 473,021 shares. National Grid Plc (NYSE:NGG) was raised too.

Investors sentiment decreased to 0.89 in Q4 2016. Its down 0.09, from 0.98 in 2016Q3. It is negative, as 49 investors sold PNC shares while 372 reduced holdings. 118 funds opened positions while 257 raised stakes. 390.56 million shares or 0.68% more from 387.94 million shares in 2016Q3 were reported. Mason Street Advsr Lc reported 66,551 shares. Highstreet Asset Management stated it has 0.39% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC). Country Comml Bank stated it has 0% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC). The Wisconsin-based Northwestern Mutual Wealth Management Co has invested 0.02% in PNC Financial Services Group Inc (NYSE:PNC). Hudson Valley Investment Advsr Inc Adv owns 19,382 shares or 0.67% of their US portfolio. 23,320 were accumulated by Dupont Corp. Smithfield holds 0.53% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC) for 26,872 shares. Dubuque State Bank And Trust Com has invested 0.46% in PNC Financial Services Group Inc (NYSE:PNC). Raymond James Trust Na has invested 0.33% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC). Tiedemann Wealth Mngmt Limited Liability Corp holds 16,306 shares. Montecito Comml Bank & accumulated 660 shares. Old Mutual Customised Solutions (Proprietary) Limited stated it has 17,000 shares or 0.36% of all its holdings. Focused Wealth Incorporated reported 25 shares. 207,312 are held by Sei Invests. 43,000 are owned by Andra Ap.

Since January 20, 2017, it had 1 buying transaction, and 6 sales for $35.94 million activity. $21.03M worth of stock was sold by DEMCHAK WILLIAM S on Tuesday, February 28. Lyons Michael P. sold $1.08M worth of stock. Another trade for 88,000 shares valued at $11.54 million was sold by Reilly Robert Q. Van Wyk Steven C. had sold 1,000 shares worth $116,845 on Friday, January 20. The insider Rockey Joseph E sold $2.04 million. On Thursday, February 9 the insider BUNCH CHARLES E bought $122,790. Larrimer Karen L. sold $256,790 worth of stock.

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