Jump Trading Cut Position in Bristol (BMY) as Stock Declined; American International Group I (AIG) Holder Omega Advisors Cut Position by $29.68 Million

February 23, 2018 - By Winifred Garcia

Jump Trading Llc decreased its stake in Bristol (BMY) by 81.72% based on its latest 2017Q3 regulatory filing with the SEC. Jump Trading Llc sold 27,621 shares as the company’s stock declined 1.04% while stock markets rallied. The institutional investor held 6,179 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $394,000, down from 33,800 at the end of the previous reported quarter. Jump Trading Llc who had been investing in Bristol for a number of months, seems to be less bullish one the $107.65B market cap company. The stock decreased 0.89% or $0.59 during the last trading session, reaching $65.94. About 6.53 million shares traded. Bristol-Myers Squibb Company (NYSE:BMY) has declined 23.19% since February 23, 2017 and is downtrending. It has underperformed by 39.89% the S&P500.

Leon Cooperman decreased its stake in American International Group I (AIG) by 36.63% based on its latest 2017Q3 regulatory filing with the SEC. Omega Advisors Inc sold 486,500 shares as the company’s stock declined 2.08% while stock markets rallied. The hedge fund run by Leon Cooperman held 841,740 shares of the finance company at the end of 2017Q3, valued at $51.67M, down from 1.33M at the end of the previous reported quarter. Omega Advisors Inc who had been investing in American International Group I for a number of months, seems to be less bullish one the $54.11 billion market cap company. The stock decreased 0.37% or $0.22 during the last trading session, reaching $59.96. About 23.19 million shares traded or 282.13% up from the average. American International Group, Inc. (NYSE:AIG) has risen 8.59% since February 23, 2017 and is uptrending. It has underperformed by 8.11% the S&P500.




Investors sentiment increased to 0.79 in 2017 Q3. Its up 0.15, from 0.64 in 2017Q2. It increased, as 72 investors sold AIG shares while 293 reduced holdings. 78 funds opened positions while 211 raised stakes. 748.00 million shares or 0.80% more from 742.03 million shares in 2017Q2 were reported. Argent Trust holds 0.29% or 16,967 shares in its portfolio. 172,320 are owned by Lincluden Limited. Tukman Grossman Cap has 102,513 shares for 4.72% of their portfolio. Smithfield owns 3,862 shares. Assetmark holds 0% or 3,754 shares in its portfolio. Ironwood Financial Ltd Liability Company stated it has 5 shares or 0% of all its holdings. Wall Street Access Asset Mngmt holds 7,287 shares or 0.94% of its portfolio. Kensico Mgmt Corp stated it has 6.19% of its portfolio in American International Group, Inc. (NYSE:AIG). Investment Centers Of America holds 0.01% of its portfolio in American International Group, Inc. (NYSE:AIG) for 3,266 shares. 3.59 million are held by Schwab Charles Inv Mngmt. Hodges Mngmt Inc owns 0.02% invested in American International Group, Inc. (NYSE:AIG) for 5,000 shares. Boston Advsr Limited Company accumulated 19,568 shares or 0.03% of the stock. Moreover, Aviva Pcl has 0.19% invested in American International Group, Inc. (NYSE:AIG) for 581,150 shares. Whittier Tru Company Of Nevada reported 21,296 shares or 0.12% of all its holdings. Farmers Merchants Invests accumulated 322 shares or 0% of the stock.

Analysts await American International Group, Inc. (NYSE:AIG) to report earnings on May, 2. They expect $1.37 EPS, up 0.74% or $0.01 from last year’s $1.36 per share. AIG’s profit will be $1.24B for 10.94 P/E if the $1.37 EPS becomes a reality. After $0.57 actual EPS reported by American International Group, Inc. for the previous quarter, Wall Street now forecasts 140.35% EPS growth.

Omega Advisors Inc, which manages about $12.65 billion and $2.57B US Long portfolio, upped its stake in Wpx Energy Inc (NYSE:WPX) by 978,426 shares to 4.65M shares, valued at $53.42 million in 2017Q3, according to the filing. It also increased its holding in New Residential Investment Cor (NYSE:NRZ) by 267,800 shares in the quarter, for a total of 1.42M shares, and has risen its stake in First Data Corp.

Since February 15, 2018, it had 0 insider buys, and 2 selling transactions for $331,484 activity. Another trade for 3,503 shares valued at $209,164 was made by Macia Seraina on Friday, February 16.

Among 21 analysts covering American International Group (NYSE:AIG), 13 have Buy rating, 2 Sell and 6 Hold. Therefore 62% are positive. American International Group had 74 analyst reports since August 5, 2015 according to SRatingsIntel. The company was maintained on Tuesday, May 30 by RBC Capital Markets. The stock of American International Group, Inc. (NYSE:AIG) earned “Buy” rating by Credit Suisse on Monday, January 22. The stock of American International Group, Inc. (NYSE:AIG) earned “Neutral” rating by Credit Suisse on Friday, February 12. On Tuesday, February 20 the stock rating was maintained by Barclays Capital with “Overweight”. The company was maintained on Tuesday, September 19 by UBS. The rating was maintained by Goldman Sachs with “Buy” on Monday, August 8. FBR Capital maintained the stock with “Outperform” rating in Wednesday, August 5 report. The firm earned “Neutral” rating on Friday, October 7 by Credit Suisse. The stock has “Buy” rating by RBC Capital Markets on Monday, November 13. UBS maintained American International Group, Inc. (NYSE:AIG) rating on Monday, October 2. UBS has “Neutral” rating and $63 target.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.08, from 0.95 in 2017Q2. It improved, as 62 investors sold BMY shares while 519 reduced holdings. 137 funds opened positions while 460 raised stakes. 1.11 billion shares or 0.68% more from 1.10 billion shares in 2017Q2 were reported. Notis holds 0.61% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY) for 15,161 shares. Mechanics Bank & Trust Department invested 1.77% in Bristol-Myers Squibb Company (NYSE:BMY). Great West Life Assurance Communication Can accumulated 1.48 million shares or 0.23% of the stock. Citizens Northern Corp, a Pennsylvania-based fund reported 26,372 shares. Tci Wealth Advsrs Incorporated stated it has 1.13% in Bristol-Myers Squibb Company (NYSE:BMY). Sumitomo Mitsui stated it has 4.65 million shares or 0.42% of all its holdings. Chicago Equity Prns Ltd Liability invested in 3,710 shares. Thrivent Fincl For Lutherans holds 0.02% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY) for 77,885 shares. Zacks Invest Mngmt stated it has 0.74% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY). Mirador Cap Partners LP invested in 53,589 shares or 2.03% of the stock. Reynders Mcveigh Cap Mgmt Ltd Limited Liability Company, a Massachusetts-based fund reported 28,771 shares. Koshinski Asset reported 9,284 shares or 0.19% of all its holdings. Matrix Asset Advsrs reported 17,974 shares stake. Gotham Asset Mgmt Ltd Llc holds 0.11% or 121,594 shares in its portfolio. Capital Inv Counsel reported 3,856 shares.

Since September 6, 2017, it had 1 insider buy, and 2 sales for $646,385 activity. Shares for $249,187 were bought by Samuels Theodore R. II on Friday, December 15. Caldarella Joseph C had sold 9,340 shares worth $560,400.

Among 19 analysts covering Bristol-Myers Squibb Company (NYSE:BMY), 7 have Buy rating, 3 Sell and 9 Hold. Therefore 37% are positive. Bristol-Myers Squibb Company had 73 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Tuesday, September 20 with “Buy”. Credit Suisse maintained it with “Hold” rating and $58.0 target in Wednesday, August 16 report. Hilliard Lyons initiated Bristol-Myers Squibb Company (NYSE:BMY) on Monday, May 23 with “Neutral” rating. On Friday, February 16 the stock rating was maintained by Citigroup with “Buy”. The firm has “Hold” rating by Piper Jaffray given on Friday, September 22. As per Thursday, July 27, the company rating was maintained by Piper Jaffray. As per Thursday, February 15, the company rating was upgraded by Morgan Stanley. The firm has “Outperform” rating by Leerink Swann given on Monday, October 23. The firm earned “Equal Weight” rating on Tuesday, December 1 by Barclays Capital. The firm has “Hold” rating given on Tuesday, March 15 by Jefferies.

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