Whitnell & Co Has Lifted Kayne Anderson Mlp Invt Co (KYN) Position By $508,440, Alkermes PLC (ALKS)’s Sentiment Is 0.91

June 19, 2017 - By Nellie Frank

Alkermes plc is a biopharmaceutical company. The company has market cap of $8.53 billion. The Firm is engaged in the researching, developing and commercializing pharmaceutical products that are designed to address medical needs of patients in therapeutic areas. It currently has negative earnings. The Firm has a portfolio of marketed drug products and a clinical pipeline of products that address central nervous system disorders, such as schizophrenia, depression, addiction and multiple sclerosis (MS).

Whitnell & Co increased Kayne Anderson Mlp Invt Co (KYN) stake by 13.32% reported in 2016Q4 SEC filing. Whitnell & Co acquired 26,760 shares as Kayne Anderson Mlp Invt Co (KYN)’s stock declined 10.33%. The Whitnell & Co holds 227,654 shares with $4.46M value, up from 200,894 last quarter. Kayne Anderson Mlp Invt Co now has $2.15 billion valuation. The stock rose 0.76% or $0.14 reaching $18.45 per share. About 12,122 shares traded. Kayne Anderson MLP Investment Co. (NYSE:KYN) has risen 3.10% since June 19, 2016 and is uptrending. It has underperformed by 13.60% the S&P500.

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.

Ratings analysis reveals 100% of Alkermes’s analysts are positive. Out of 3 Wall Street analysts rating Alkermes, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $70.0 while the high is $70.0. The stock’s average target of $70 is 23.24% above today’s ($56.8) share price. ALKS was included in 3 notes of analysts from October 21, 2016. The rating was maintained by Leerink Swann with “Outperform” on Friday, October 21. The firm earned “Overweight” rating on Friday, October 21 by JP Morgan. The rating was maintained by Jefferies on Friday, October 21 with “Buy”.

About 22,263 shares traded. Alkermes Plc (ALKS) has risen 47.50% since June 19, 2016 and is uptrending. It has outperformed by 30.80% the S&P500.

Meditor Group Ltd holds 14.14% of its portfolio in Alkermes Plc for 1.03 million shares. Opus Point Partners Management Llc owns 82,296 shares or 3.64% of their US portfolio. Moreover, Camber Capital Management Llc has 2.89% invested in the company for 1.00 million shares. The New York-based Roanoke Asset Management Corp Ny has invested 1.77% in the stock. First Light Asset Management Llc, a Minnesota-based fund reported 60,533 shares.

Whitnell & Co decreased Wells Fargo & Co New (NYSE:WFC) stake by 10,044 shares to 2,343 valued at $129,000 in 2016Q4. It also reduced Spdr S&P 500 Etf Tr (SPY) stake by 5,713 shares and now owns 19,690 shares. Select Sector Spdr Tr (XLE) was reduced too.

Investors sentiment decreased to 1.02 in Q4 2016. Its down 0.39, from 1.41 in 2016Q3. It fall, as 16 investors sold KYN shares while 49 reduced holdings. 19 funds opened positions while 47 raised stakes. 23.70 million shares or 1.32% more from 23.40 million shares in 2016Q3 were reported. Invesco Limited has 241,875 shares. Coe Capital Limited Liability Co stated it has 0.53% of its portfolio in Kayne Anderson MLP Investment Co. (NYSE:KYN). Schnieders Limited Com invested in 1.23% or 121,950 shares. Lpl Fincl Ltd Llc owns 0.07% invested in Kayne Anderson MLP Investment Co. (NYSE:KYN) for 448,025 shares. 30,000 are held by Raiff Prns. King Wealth Grp Llc owns 0.12% invested in Kayne Anderson MLP Investment Co. (NYSE:KYN) for 13,653 shares. Noesis Mangement Corporation invested 0.28% of its portfolio in Kayne Anderson MLP Investment Co. (NYSE:KYN). Usca Ria Ltd Liability stated it has 0.11% in Kayne Anderson MLP Investment Co. (NYSE:KYN). Moreover, Janney Montgomery Scott Ltd Limited Liability Company has 0.04% invested in Kayne Anderson MLP Investment Co. (NYSE:KYN). Moreover, Dubuque Retail Bank Trust has 0% invested in Kayne Anderson MLP Investment Co. (NYSE:KYN). Jacobus Wealth Mgmt reported 107,340 shares. Whittier Tru Company owns 600 shares. Brick Kyle Associates holds 117 shares. First Manhattan holds 0% of its portfolio in Kayne Anderson MLP Investment Co. (NYSE:KYN) for 4,672 shares. Da Davidson Co reported 80,638 shares.

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