As Hornbeck Offshore Svcs N (HOS) Market Valuation Declined, Holder Element Capital Management Lowered Its Holding; As Biogen (BIIB) Market Valuation Declined, Kornitzer Capital Management Has Cut Stake

February 23, 2018 - By Linda Rogers

Element Capital Management Llc decreased its stake in Hornbeck Offshore Svcs Inc N (HOS) by 85.46% based on its latest 2017Q3 regulatory filing with the SEC. Element Capital Management Llc sold 121,215 shares as the company’s stock declined 45.49% while stock markets rallied. The hedge fund held 20,621 shares of the marine transportation company at the end of 2017Q3, valued at $83,000, down from 141,836 at the end of the previous reported quarter. Element Capital Management Llc who had been investing in Hornbeck Offshore Svcs Inc N for a number of months, seems to be less bullish one the $141.53M market cap company. The stock decreased 1.55% or $0.06 during the last trading session, reaching $3.82. About 179,287 shares traded. Hornbeck Offshore Services, Inc. (NYSE:HOS) has declined 71.10% since February 23, 2017 and is downtrending. It has underperformed by 87.80% the S&P500.

Kornitzer Capital Management Inc decreased its stake in Biogen Inc (BIIB) by 10.09% based on its latest 2017Q3 regulatory filing with the SEC. Kornitzer Capital Management Inc sold 3,935 shares as the company’s stock declined 13.45% while stock markets rallied. The institutional investor held 35,050 shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $10.98 million, down from 38,985 at the end of the previous reported quarter. Kornitzer Capital Management Inc who had been investing in Biogen Inc for a number of months, seems to be less bullish one the $60.26 billion market cap company. The stock decreased 0.45% or $1.29 during the last trading session, reaching $284.81. About 2.48 million shares traded or 78.83% up from the average. Biogen Inc. (NASDAQ:BIIB) has risen 4.94% since February 23, 2017 and is uptrending. It has underperformed by 11.76% the S&P500.




Since January 9, 2018, it had 0 insider buys, and 3 insider sales for $2.53 million activity. $1.92 million worth of Biogen Inc. (NASDAQ:BIIB) was sold by PANGIA ROBERT W.

Kornitzer Capital Management Inc, which manages about $11.35 billion and $5.73 billion US Long portfolio, upped its stake in Athenahealth Inc (NASDAQ:ATHN) by 4,465 shares to 209,715 shares, valued at $26.08M in 2017Q3, according to the filing. It also increased its holding in Apogee Enterprises Inc (NASDAQ:APOG) by 18,800 shares in the quarter, for a total of 45,500 shares, and has risen its stake in Tile Shop Holdings Inc. (NASDAQ:TTS).

Among 33 analysts covering Biogen Idec Inc. (NASDAQ:BIIB), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. Biogen Idec Inc. had 113 analyst reports since July 23, 2015 according to SRatingsIntel. BMO Capital Markets maintained Biogen Inc. (NASDAQ:BIIB) rating on Thursday, January 25. BMO Capital Markets has “Buy” rating and $403.0 target. The stock has “Hold” rating by BMO Capital Markets on Friday, October 20. Jefferies maintained the stock with “Hold” rating in Monday, June 12 report. The stock has “Overweight” rating by PiperJaffray on Monday, October 23. The firm has “Buy” rating given on Monday, July 27 by Argus Research. The firm earned “Hold” rating on Thursday, January 25 by Robert W. Baird. The firm has “Equal-Weight” rating given on Wednesday, July 26 by Morgan Stanley. The rating was upgraded by Goldman Sachs on Wednesday, July 26 to “Buy”. The stock of Biogen Inc. (NASDAQ:BIIB) has “Hold” rating given on Tuesday, January 16 by Canaccord Genuity. H.C. Wainwright maintained the stock with “Buy” rating in Wednesday, October 25 report.

Investors sentiment increased to 1.13 in 2017 Q3. Its up 0.25, from 0.88 in 2017Q2. It increased, as 59 investors sold BIIB shares while 283 reduced holdings. 96 funds opened positions while 292 raised stakes. 181.16 million shares or 0.28% more from 180.66 million shares in 2017Q2 were reported. Portfolio Solutions Ltd Limited Liability Company owns 85 shares or 0% of their US portfolio. Spears Abacus Advsr Limited reported 7,115 shares or 0.27% of all its holdings. Meiji Yasuda Life Insur accumulated 6,366 shares. Fic Cap reported 4,470 shares. 5,083 were accumulated by Regentatlantic Capital Limited Liability. Twin Focus Cap Partners Ltd Company has 839 shares for 0.14% of their portfolio. Fmr Limited Liability Company holds 0.27% or 7.15M shares. Legg Mason Asset (Japan) reported 2,900 shares stake. First Advsrs LP reported 0.18% stake. Montecito Bancshares & Tru has 0.17% invested in Biogen Inc. (NASDAQ:BIIB). Utah Retirement has invested 0.27% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Lenox Wealth invested 0% in Biogen Inc. (NASDAQ:BIIB). Moreover, Da Davidson has 0.12% invested in Biogen Inc. (NASDAQ:BIIB). Deroy & Devereaux Private Investment Counsel Inc invested in 0.04% or 1,000 shares. Sunbelt accumulated 0.24% or 723 shares.

Analysts await Biogen Inc. (NASDAQ:BIIB) to report earnings on April, 24. They expect $5.94 earnings per share, up 14.23% or $0.74 from last year’s $5.2 per share. BIIB’s profit will be $1.26 billion for 11.99 P/E if the $5.94 EPS becomes a reality. After $5.26 actual earnings per share reported by Biogen Inc. for the previous quarter, Wall Street now forecasts 12.93% EPS growth.

Element Capital Management Llc, which manages about $30.52B and $243.31 million US Long portfolio, upped its stake in Select Sector Spdr Tr (XLK) by 259,767 shares to 335,069 shares, valued at $19.80M in 2017Q3, according to the filing.

Investors sentiment increased to 0.48 in Q3 2017. Its up 0.10, from 0.38 in 2017Q2. It increased, as 22 investors sold HOS shares while 18 reduced holdings. 6 funds opened positions while 13 raised stakes. 27.41 million shares or 7.93% less from 29.77 million shares in 2017Q2 were reported. Kbc Group Nv accumulated 208,249 shares. Barclays Public Limited Liability Corp, United Kingdom-based fund reported 132 shares. Schroder Investment Mgmt holds 73,121 shares. State Street has invested 0% in Hornbeck Offshore Services, Inc. (NYSE:HOS). 8,400 were accumulated by Teachers Retirement Sys Of The State Of Kentucky. 3.29 million are owned by Solus Alternative Asset Mgmt Ltd Partnership. California Employees Retirement Systems holds 0% in Hornbeck Offshore Services, Inc. (NYSE:HOS) or 632,673 shares. Valley Natl Advisers holds 0% or 500 shares in its portfolio. Deutsche Fincl Bank Ag has 0% invested in Hornbeck Offshore Services, Inc. (NYSE:HOS) for 1,698 shares. Veritable Lp has invested 0% in Hornbeck Offshore Services, Inc. (NYSE:HOS). Cyrus Cap Prtn LP stated it has 3.58 million shares or 1.88% of all its holdings. Raymond James Serv Advsr Inc has invested 0% in Hornbeck Offshore Services, Inc. (NYSE:HOS). Raging Capital Mngmt Limited Company holds 2.30M shares. Balyasny Asset Mngmt Limited Liability Co accumulated 350,800 shares. Pacific Global Inv holds 225,482 shares or 0.21% of its portfolio.

Analysts await Hornbeck Offshore Services, Inc. (NYSE:HOS) to report earnings on May, 2. They expect $-0.73 earnings per share, up 3.95% or $0.03 from last year’s $-0.76 per share. After $-0.44 actual earnings per share reported by Hornbeck Offshore Services, Inc. for the previous quarter, Wall Street now forecasts 65.91% negative EPS growth.

Among 12 analysts covering Hornbeck Offshore (NYSE:HOS), 1 have Buy rating, 3 Sell and 8 Hold. Therefore 8% are positive. Hornbeck Offshore had 20 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Underweight” rating given on Wednesday, March 9 by Stephens. Cowen & Co maintained it with “Outperform” rating and $25 target in Wednesday, August 5 report. Stephens upgraded the stock to “Equal-Weight” rating in Wednesday, May 11 report. On Tuesday, March 8 the stock rating was downgraded by Clarkson Platou to “Sell”. The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) has “Underperform” rating given on Friday, January 12 by Credit Suisse. KeyBanc Capital Markets initiated the shares of HOS in report on Friday, October 9 with “Sector Weight” rating. The rating was downgraded by Barclays Capital on Wednesday, April 20 to “Equal-Weight”. IBERIA Capital Partners downgraded Hornbeck Offshore Services, Inc. (NYSE:HOS) on Friday, October 30 to “Sector Perform” rating. Piper Jaffray maintained Hornbeck Offshore Services, Inc. (NYSE:HOS) on Wednesday, August 2 with “Hold” rating. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, February 23 report.

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