Paloma Partners Management Company Has Upped Alere (ALR) Stake; Bank Of Stockton Has Increased Its Phillips 66 (PSX) Holding by $358,085

February 18, 2018 - By Clifton Ray

Paloma Partners Management Company increased its stake in Alere Inc (ALR) by 3441.29% based on its latest 2017Q3 regulatory filing with the SEC. Paloma Partners Management Company bought 722,362 shares as the company’s stock rose 18.05% with the market. The institutional investor held 743,353 shares of the in vitro & in vivo diagnostic substances company at the end of 2017Q3, valued at $37.90 million, up from 20,991 at the end of the previous reported quarter. Paloma Partners Management Company who had been investing in Alere Inc for a number of months, seems to be bullish on the $ market cap company. The stock decreased 100.00% or $50.99 during the last trading session, reaching $0. It is down 17.58% since February 18, 2017 and is uptrending. It has outperformed by 0.88% the S&P500.

Bank Of Stockton increased its stake in Phillips 66 (PSX) by 127.26% based on its latest 2017Q3 regulatory filing with the SEC. Bank Of Stockton bought 3,935 shares as the company’s stock declined 0.52% while stock markets rallied. The institutional investor held 7,027 shares of the integrated oil company at the end of 2017Q3, valued at $643,000, up from 3,092 at the end of the previous reported quarter. Bank Of Stockton who had been investing in Phillips 66 for a number of months, seems to be bullish on the $46.18B market cap company. The stock decreased 0.09% or $0.08 during the last trading session, reaching $91.99. About 2.22 million shares traded or 12.78% up from the average. Phillips 66 (NYSE:PSX) has risen 0.77% since February 18, 2017 and is uptrending. It has underperformed by 15.93% the S&P500.




Paloma Partners Management Company, which manages about $7.27 billion US Long portfolio, decreased its stake in Carpenter Technology (NYSE:CRS) by 44,246 shares to 6,400 shares, valued at $307,000 in 2017Q3, according to the filing. It also reduced its holding in Arris International Plc by 38,181 shares in the quarter, leaving it with 91,917 shares, and cut its stake in Seagate Technology (NASDAQ:STX).

Investors sentiment increased to 1.07 in 2017 Q3. Its up 0.06, from 1.01 in 2017Q2. It improved, as 46 investors sold ALR shares while 35 reduced holdings. 26 funds opened positions while 61 raised stakes. 73.86 million shares or 1.56% more from 72.72 million shares in 2017Q2 were reported. Two Sigma Securities Lc holds 4,576 shares. Coastland Capital Limited Liability Corporation has 0.55% invested in Alere Inc. (NYSE:ALR). Segall Bryant Hamill holds 0.03% in Alere Inc. (NYSE:ALR) or 21,442 shares. Alliancebernstein Limited Partnership reported 0% of its portfolio in Alere Inc. (NYSE:ALR). Illinois-based Gp One Trading LP has invested 0.2% in Alere Inc. (NYSE:ALR). Private Cap Mngmt Ltd Liability Corp owns 689,285 shares. Alyeska Gru Ltd Partnership stated it has 1.60 million shares. Gabelli Funds Limited Liability Com accumulated 1.56 million shares or 0.46% of the stock. Cornerstone Capital Mngmt Hldgs Limited Liability reported 37,695 shares stake. Sei Invs invested 0% of its portfolio in Alere Inc. (NYSE:ALR). Farallon Capital Mngmt Ltd Llc holds 1.22% or 2.70M shares. 4.27 million were accumulated by Fmr. Envestnet Asset Mgmt holds 2 shares. Voya Management Lc reported 24,083 shares. Manatuck Hill Partners Limited Liability stated it has 0.13% in Alere Inc. (NYSE:ALR).

Among 7 analysts covering Alere (NYSE:ALR), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Alere had 21 analyst reports since August 4, 2015 according to SRatingsIntel. Canaccord Genuity maintained the stock with “Buy” rating in Monday, November 7 report. The company was maintained on Tuesday, August 4 by BTIG Research. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, November 5 report. The stock of Alere Inc. (NYSE:ALR) has “Hold” rating given on Tuesday, February 2 by Canaccord Genuity. The firm has “Hold” rating by TheStreet given on Friday, August 14. Jefferies maintained the shares of ALR in report on Thursday, July 20 with “Hold” rating. As per Friday, April 29, the company rating was upgraded by Craig Hallum. The firm earned “Hold” rating on Thursday, May 25 by BTIG Research. The company was downgraded on Monday, May 15 by Craig Hallum. The stock of Alere Inc. (NYSE:ALR) has “Hold” rating given on Tuesday, September 19 by Canaccord Genuity.

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

Among 18 analysts covering Phillips 66 (NYSE:PSX), 8 have Buy rating, 2 Sell and 8 Hold. Therefore 44% are positive. Phillips 66 had 71 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, January 30 by RBC Capital Markets. The firm earned “Buy” rating on Tuesday, October 17 by Cowen & Co. The firm earned “Neutral” rating on Monday, April 11 by Credit Suisse. As per Monday, November 2, the company rating was maintained by RBC Capital Markets. The stock of Phillips 66 (NYSE:PSX) earned “Buy” rating by Cowen & Co on Friday, July 7. Barclays Capital downgraded the stock to “Underweight” rating in Tuesday, November 14 report. The firm earned “Buy” rating on Wednesday, January 10 by Scotia Capital. The stock of Phillips 66 (NYSE:PSX) earned “Buy” rating by Scotia Capital on Thursday, December 21. Citigroup maintained Phillips 66 (NYSE:PSX) rating on Wednesday, January 24. Citigroup has “Neutral” rating and $110 target. The rating was downgraded by Jefferies to “Underperform” on Monday, October 16.

Bank Of Stockton, which manages about $219.34 million US Long portfolio, decreased its stake in Guggenheim Midcap Pure Value (RFV) by 28,660 shares to 72,707 shares, valued at $4.70 million in 2017Q3, according to the filing. It also reduced its holding in Nike Inc. (NYSE:NKE) by 6,100 shares in the quarter, leaving it with 9,260 shares, and cut its stake in Ishares: S&P Smallcap 600 Index (IJR).

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