Exelixis (EXEL) Shareholder Kingdon Capital Management Has Increased Stake by $4.40 Million; Tricadia Capital Management Has Raised Holding in Allegheny Technologies (ATI)

May 21, 2018 - By Darrin Black

Exelixis, Inc. (NASDAQ:EXEL) Logo

Michael Barnes increased its stake in Allegheny Technologies Inc (ATI) by 37.91% based on its latest 2017Q4 regulatory filing with the SEC. Tricadia Capital Management Llc bought 97,200 shares as the company’s stock declined 5.12% with the market. The hedge fund run by Michael Barnes held 353,600 shares of the steel and iron ore company at the end of 2017Q4, valued at $8.54M, up from 256,400 at the end of the previous reported quarter. Tricadia Capital Management Llc who had been investing in Allegheny Technologies Inc for a number of months, seems to be bullish on the $3.56B market cap company. The stock decreased 0.81% or $0.23 during the last trading session, reaching $28.32. About 162,014 shares traded. Allegheny Technologies Incorporated (NYSE:ATI) has risen 37.25% since May 21, 2017 and is uptrending. It has outperformed by 25.70% the S&P500.




Mark Kingdon increased its stake in Exelixis Inc (EXEL) by 146.52% based on its latest 2017Q4 regulatory filing with the SEC. Kingdon Capital Management Llc bought 146,519 shares as the company’s stock declined 23.85% with the market. The hedge fund run by Mark Kingdon held 246,519 shares of the health care company at the end of 2017Q4, valued at $7.49 million, up from 100,000 at the end of the previous reported quarter. Kingdon Capital Management Llc who had been investing in Exelixis Inc for a number of months, seems to be bullish on the $6.43 billion market cap company. The stock increased 0.30% or $0.07 during the last trading session, reaching $21.65. About 1.30M shares traded. Exelixis, Inc. (NASDAQ:EXEL) has risen 5.01% since May 21, 2017 and is uptrending. It has underperformed by 6.54% the S&P500.

Tricadia Capital Management Llc, which manages about $3.88B and $206.70 million US Long portfolio, decreased its stake in On Deck Cap Inc by 311,813 shares to 481,858 shares, valued at $2.77M in 2017Q4, according to the filing. It also reduced its holding in Gentherm Inc (NASDAQ:THRM) by 50,689 shares in the quarter, leaving it with 105,210 shares, and cut its stake in Continental Resources Inc (NYSE:CLR).

Among 15 analysts covering Allegheny Tech (NYSE:ATI), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Allegheny Tech had 45 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Hold” rating by KeyBanc Capital Markets on Wednesday, October 11. The company was maintained on Wednesday, January 24 by JP Morgan. The firm earned “Buy” rating on Monday, October 5 by Deutsche Bank. The stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Neutral” rating by JP Morgan on Wednesday, July 26. As per Monday, January 8, the company rating was upgraded by Cowen & Co. The rating was maintained by Cowen & Co on Tuesday, July 25 with “Hold”. As per Thursday, February 2, the company rating was downgraded by Berenberg. Seaport Global upgraded Allegheny Technologies Incorporated (NYSE:ATI) rating on Thursday, March 16. Seaport Global has “Buy” rating and $22 target. The company was maintained on Thursday, September 3 by Cowen & Co. Cowen & Co maintained it with “Hold” rating and $18 target in Wednesday, April 26 report.

Investors sentiment increased to 1.73 in Q4 2017. Its up 0.87, from 0.86 in 2017Q3. It improved, as 26 investors sold ATI shares while 58 reduced holdings. 49 funds opened positions while 96 raised stakes. 126.25 million shares or 8.42% more from 116.44 million shares in 2017Q3 were reported. Magnetar Finance Limited Liability Company reported 0.03% in Allegheny Technologies Incorporated (NYSE:ATI). Prudential Fincl Incorporated accumulated 85,457 shares. Voloridge Investment Mngmt Limited Liability Corporation has invested 0.14% in Allegheny Technologies Incorporated (NYSE:ATI). Frontier Capital Lc invested 1.38% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). Teachers Retirement System Of The State Of Kentucky invested in 0% or 17,150 shares. Van Eck Associate Corp has 176,620 shares for 0.02% of their portfolio. Winfield Assoc has 120 shares for 0% of their portfolio. Glenmede Company Na has invested 0% in Allegheny Technologies Incorporated (NYSE:ATI). Manchester Cap Management holds 50 shares. Ubs Asset Mngmt Americas holds 0% or 103,944 shares. Springowl Associate Ltd Liability Company stated it has 1.45% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). Huntington Comml Bank reported 1,822 shares. Moreover, Jane Street Group Limited Liability Corp has 0% invested in Allegheny Technologies Incorporated (NYSE:ATI) for 61,002 shares. Price T Rowe Assoc Md invested 0% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). Bankshares Of Montreal Can holds 0% or 114,785 shares.

Another recent and important Allegheny Technologies Incorporated (NYSE:ATI) news was published by Globenewswire.com which published an article titled: “Detailed Research: Economic Perspectives on Allegheny Technologies, Swift Transportation, Boyd Gaming, DSW, The …” on May 09, 2018.

Among 11 analysts covering Exelixis (NASDAQ:EXEL), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Exelixis had 42 analyst reports since January 19, 2016 according to SRatingsIntel. The rating was upgraded by Piper Jaffray on Monday, October 10 to “Overweight”. The firm has “Hold” rating by Oppenheimer given on Monday, July 10. The rating was maintained by Leerink Swann on Wednesday, August 16 with “Buy”. The stock has “Hold” rating by Deutsche Bank on Thursday, August 3. The rating was maintained by Needham on Monday, October 16 with “Buy”. The firm has “Buy” rating given on Wednesday, August 2 by Piper Jaffray. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, January 16. SunTrust initiated the shares of EXEL in report on Thursday, July 13 with “Buy” rating. The firm has “Outperform” rating given on Tuesday, January 19 by Leerink Swann. The firm has “Buy” rating given on Thursday, August 3 by Cowen & Co.

Since January 8, 2018, it had 0 buys, and 17 insider sales for $9.14 million activity. Another trade for 15,000 shares valued at $393,900 was made by POSTE GEORGE on Wednesday, February 28. 15,000 Exelixis, Inc. (NASDAQ:EXEL) shares with value of $363,450 were sold by COHEN CHARLES. On Wednesday, February 28 Haley Patrick J. sold $1.22M worth of Exelixis, Inc. (NASDAQ:EXEL) or 45,029 shares. WILLSEY LANCE sold $717,300 worth of stock. Schwab Gisela also sold $519,417 worth of Exelixis, Inc. (NASDAQ:EXEL) on Thursday, May 3. PAPADOPOULOS STELIOS had sold 15,000 shares worth $360,750.

Kingdon Capital Management Llc, which manages about $3.27 billion and $1.55B US Long portfolio, decreased its stake in Xpo Logistics Inc (NYSE:XPO) by 215,590 shares to 379,875 shares, valued at $34.79M in 2017Q4, according to the filing. It also reduced its holding in Applied Matls Inc (NASDAQ:AMAT) by 176,732 shares in the quarter, leaving it with 312,568 shares, and cut its stake in Fortive Corp.

More notable recent Exelixis, Inc. (NASDAQ:EXEL) news were published by: Seekingalpha.com which released: “Exelixis: Elucidating The Recent Developments Powering A Big Winner” on May 11, 2018, also Seekingalpha.com with their article: “Exelixis’s Cabometyx Continues March Towards Blockbuster Status” published on May 03, 2018, Seekingalpha.com published: “Reader Inquiry: Will Core Biotech Holding Exelixis Rebound?” on May 16, 2018. More interesting news about Exelixis, Inc. (NASDAQ:EXEL) were released by: Nasdaq.com and their article: “Why Booking Holdings, Exelixis, and L Brands Slumped Today” published on May 10, 2018 as well as Seekingalpha.com‘s news article titled: “Exelixis: Time To Excel” with publication date: May 14, 2018.

Exelixis, Inc. (NASDAQ:EXEL) Institutional Positions Chart

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