Denali Advisors Has Decreased By $2.57 Million Its Arrow Electronics (ARW) Stake; Retrophin Has 1.16 Sentiment

November 15, 2017 - By Louis Casey

Denali Advisors Llc decreased Arrow Electronics Inc (ARW) stake by 21.57% reported in 2017Q2 SEC filing. Denali Advisors Llc sold 32,900 shares as Arrow Electronics Inc (ARW)’s stock rose 0.57%. The Denali Advisors Llc holds 119,645 shares with $9.38 million value, down from 152,545 last quarter. Arrow Electronics Inc now has $6.79 billion valuation. The stock declined 1.02% or $0.79 reaching $76.98 per share. About 2,168 shares traded. Arrow Electronics, Inc. (NYSE:ARW) has risen 21.10% since November 15, 2016 and is uptrending. It has outperformed by 4.40% the S&P500.

Retrophin, Inc. is a biopharmaceutical company. The company has market cap of $813.77 million. The Firm is focused on the development, acquisition and commercialization of therapies for the treatment of serious, catastrophic or rare diseases. It currently has negative earnings. The Firm sells three products, including Chenodal , Cholbam (cholic acid) and Thiola (tiopronin).

Broadfin Capital Llc holds 6.74% of its portfolio in Retrophin Inc for 2.86 million shares. Consonance Capital Management Lp owns 2.44 million shares or 5.57% of their US portfolio. Moreover, Perceptive Advisors Llc has 2.61% invested in the company for 2.67 million shares. The Georgia-based Emory University has invested 1.56% in the stock. Senzar Asset Management Llc, a New York-based fund reported 246,289 shares.

About shares traded. Retrophin Inc (RTRX) has risen 4.93% since November 15, 2016 and is uptrending. It has underperformed by 11.77% the S&P500.

Analysts await Retrophin Inc (NASDAQ:RTRX) to report earnings on March, 7. After $-0.46 actual earnings per share reported by Retrophin Inc for the previous quarter, Wall Street now forecasts -56.52% EPS growth.

Since January 1, 0001, it had 1 buying transaction, and 0 selling transactions for $89,250 activity.

Since May 16, 2017, it had 0 buys, and 1 sale for $727,578 activity. Morris Mary Catherine had sold 9,692 shares worth $727,578 on Thursday, May 25. Melvin Vincent P had sold 5,760 shares worth $436,550 on Tuesday, May 16.

Among 10 analysts covering Arrow Electronics Inc. (NYSE:ARW), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. Arrow Electronics Inc. had 17 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Arrow Electronics, Inc. (NYSE:ARW) has “Buy” rating given on Wednesday, October 4 by Stifel Nicolaus. The firm has “Outperform” rating by Credit Agricole given on Thursday, October 29. As per Tuesday, January 3, the company rating was downgraded by Suntrust Robinson. Citigroup downgraded the shares of ARW in report on Monday, May 2 to “Sell” rating. The firm earned “Hold” rating on Monday, August 31 by Zacks. The company was upgraded on Friday, January 22 by Longbow. The firm has “Buy” rating given on Monday, March 14 by Goldman Sachs. The stock of Arrow Electronics, Inc. (NYSE:ARW) has “Buy” rating given on Wednesday, April 27 by Bank of America. The company was maintained on Monday, July 17 by Stifel Nicolaus. SunTrust downgraded Arrow Electronics, Inc. (NYSE:ARW) on Tuesday, January 3 to “Hold” rating.

Denali Advisors Llc increased Ibm Corp (NYSE:IBM) stake by 8,600 shares to 95,805 valued at $14.74M in 2017Q2. It also upped Vornado Realty Trust (NYSE:VNO) stake by 3,900 shares and now owns 25,700 shares. General Motors Company (NYSE:GM) was raised too.

Investors sentiment decreased to 0.92 in 2017 Q2. Its down 0.02, from 0.94 in 2017Q1. It turned negative, as 32 investors sold ARW shares while 114 reduced holdings. 36 funds opened positions while 98 raised stakes. 81.66 million shares or 1.21% less from 82.66 million shares in 2017Q1 were reported. Timber Hill Ltd Com holds 2,983 shares or 0.01% of its portfolio. Amer Intl Grp Inc has invested 0.05% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW). 50,272 are held by Sei Investments. Daiwa Sb Invs has 0.04% invested in Arrow Electronics, Inc. (NYSE:ARW) for 2,000 shares. Wright Serv invested in 0.15% or 5,035 shares. Fincl Architects has 0.01% invested in Arrow Electronics, Inc. (NYSE:ARW) for 761 shares. Goldman Sachs Gru Inc stated it has 0.03% in Arrow Electronics, Inc. (NYSE:ARW). 92,574 are owned by Schafer Cullen Capital Mngmt. Gam Hldg Ag, Switzerland-based fund reported 4,889 shares. Jacobs Levy Equity Mgmt Incorporated owns 209,235 shares. British Columbia Mngmt Corporation invested in 55,311 shares or 0.03% of the stock. Aviance Capital Prns Limited Liability Co has 0.56% invested in Arrow Electronics, Inc. (NYSE:ARW). Caprock Gru has 4,012 shares for 0.07% of their portfolio. 119,500 are held by Caisse De Depot Et Placement Du Quebec. Cap One Natl Association holds 26,471 shares or 0.15% of its portfolio.

Analysts await Arrow Electronics, Inc. (NYSE:ARW) to report earnings on February, 6. They expect $2.29 earnings per share, up 14.50% or $0.29 from last year’s $2 per share. ARW’s profit will be $201.99M for 8.40 P/E if the $2.29 EPS becomes a reality. After $1.82 actual earnings per share reported by Arrow Electronics, Inc. for the previous quarter, Wall Street now forecasts 25.82% EPS growth.

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