As Alcobra LTD (ADHD) Share Value Declined, Knoll Capital Management LP Cut Its Stake; Metropolitan Life Insurance Company Has Cut Phillips (PSX) Position by $767,039 as Stock Price Declined

January 13, 2018 - By Peter Erickson

Fred Knoll decreased its stake in Alcobra Ltd (ADHD) by 33.3% based on its latest 2017Q3 regulatory filing with the SEC. Knoll Capital Management Lp sold 401,449 shares as the company’s stock declined 8.00% while stock markets rallied. The hedge fund run by Fred Knoll held 804,049 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $812,000, down from 1.21M at the end of the previous reported quarter. Knoll Capital Management Lp who had been investing in Alcobra Ltd for a number of months, seems to be less bullish one the $281.69M market cap company. The stock increased 4.29% or $0.42 during the last trading session, reaching $10.22. About 1.11M shares traded. Alcobra Ltd. (NASDAQ:ADHD) has declined 74.73% since January 13, 2017 and is downtrending. It has underperformed by 91.43% the S&P500.




Metropolitan Life Insurance Company decreased its stake in Phillips (PSX) by 3.96% based on its latest 2017Q3 regulatory filing with the SEC. Metropolitan Life Insurance Company sold 8,429 shares as the company’s stock declined 0.52% while stock markets rallied. The institutional investor held 204,226 shares of the integrated oil company at the end of 2017Q3, valued at $18.71M, down from 212,655 at the end of the previous reported quarter. Metropolitan Life Insurance Company who had been investing in Phillips for a number of months, seems to be less bullish one the $53.69B market cap company. The stock increased 2.54% or $2.6 during the last trading session, reaching $104.97. About 1.85 million shares traded or 6.78% up from the average. Phillips 66 (NYSE:PSX) has risen 0.77% since January 13, 2017 and is uptrending. It has underperformed by 15.93% the S&P500.

Among 7 analysts covering Alcobra (NASDAQ:ADHD), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Alcobra had 19 analyst reports since August 9, 2015 according to SRatingsIntel. On Sunday, August 9 the stock rating was maintained by WBB Securities with “Hold”. Roth Capital maintained the shares of ADHD in report on Tuesday, June 21 with “Buy” rating. Cantor Fitzgerald initiated it with “Buy” rating and $16 target in Tuesday, June 7 report. Roth Capital maintained it with “Buy” rating and $400 target in Friday, August 11 report. The firm earned “Buy” rating on Wednesday, May 31 by Roth Capital. On Monday, January 25 the stock rating was initiated by Oppenheimer with “Outperform”. Zacks upgraded the stock to “Hold” rating in Monday, August 17 report. The stock of Alcobra Ltd. (NASDAQ:ADHD) has “Buy” rating given on Friday, August 14 by TH Capital. WBB Securities upgraded it to “Speculative Buy” rating and $2 target in Monday, October 9 report. The firm has “Hold” rating given on Monday, June 12 by Jefferies.

Among 18 analysts covering Phillips 66 (NYSE:PSX), 8 have Buy rating, 2 Sell and 8 Hold. Therefore 44% are positive. Phillips 66 had 64 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Thursday, May 25 by PiperJaffray. RBC Capital Markets maintained Phillips 66 (NYSE:PSX) on Friday, April 21 with “Hold” rating. RBC Capital Markets maintained Phillips 66 (NYSE:PSX) on Thursday, July 6 with “Hold” rating. Barclays Capital downgraded the shares of PSX in report on Wednesday, July 13 to “Equal-Weight” rating. The rating was maintained by Scotia Capital on Wednesday, January 10 with “Buy”. UBS maintained the stock with “Neutral” rating in Wednesday, November 15 report. The rating was downgraded by Goldman Sachs to “Sell” on Monday, November 23. Piper Jaffray maintained the shares of PSX in report on Wednesday, August 2 with “Buy” rating. The firm has “Hold” rating by Citigroup given on Wednesday, April 20. The rating was maintained by RBC Capital Markets on Tuesday, August 1 with “Hold”.

Metropolitan Life Insurance Company, which manages about $14.10B and $15.97B US Long portfolio, upped its stake in Micron Technology Inc (NASDAQ:MU) by 23,417 shares to 563,016 shares, valued at $22.14M in 2017Q3, according to the filing. It also increased its holding in Jeld Wen Holding Inc by 18,373 shares in the quarter, for a total of 37,122 shares, and has risen its stake in Briggs And Stratton Corp (NYSE:BGG).

Since September 19, 2017, it had 0 buys, and 2 selling transactions for $373,204 activity.

Analysts await Phillips 66 (NYSE:PSX) to report earnings on February, 2. They expect $1.27 EPS, up 693.75% or $1.11 from last year’s $0.16 per share. PSX’s profit will be $649.62 million for 20.66 P/E if the $1.27 EPS becomes a reality. After $1.66 actual EPS reported by Phillips 66 for the previous quarter, Wall Street now forecasts -23.49% negative EPS growth.

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