Tandem Diabetes Care, Inc. (TNDM) Reaches $12.57 After 4.00% Up Move; Arete Wealth Advisors Has Decreased Blackstone Group LP (BX) Position

May 22, 2018 - By Henry Gaston

The Blackstone Group L.P. (NYSE:BX) Logo

Arete Wealth Advisors Llc decreased Blackstone Group LP (BX) stake by 60.05% reported in 2017Q4 SEC filing. Arete Wealth Advisors Llc sold 58,330 shares as Blackstone Group LP (BX)’s stock declined 3.02%. The Arete Wealth Advisors Llc holds 38,809 shares with $1.24 million value, down from 97,139 last quarter. Blackstone Group LP now has $37.83 billion valuation. The stock increased 0.30% or $0.095 during the last trading session, reaching $31.775. About 1.32 million shares traded. The Blackstone Group L.P. (NYSE:BX) has risen 7.37% since May 22, 2017 and is uptrending. It has underperformed by 4.18% the S&P500.




The stock of Tandem Diabetes Care, Inc. (NASDAQ:TNDM) is a huge mover today! The stock increased 2.24% or $0.275 during the last trading session, reaching $12.565. About 757,150 shares traded. Tandem Diabetes Care, Inc. (NASDAQ:TNDM) has declined 63.92% since May 22, 2017 and is downtrending. It has underperformed by 75.47% the S&P500.The move comes after 6 months positive chart setup for the $629.10 million company. It was reported on May, 22 by Barchart.com. We have $13.07 PT which if reached, will make NASDAQ:TNDM worth $25.16M more.

Among 11 analysts covering Tandem Diabetes Care (NASDAQ:TNDM), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. Tandem Diabetes Care has $19.0 highest and $1.5 lowest target. $6.22’s average target is -50.50% below currents $12.565 stock price. Tandem Diabetes Care had 26 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Hold” rating by Stifel Nicolaus given on Friday, March 2. Feltl & Co downgraded the stock to “Buy” rating in Wednesday, November 2 report. The company was downgraded on Wednesday, November 2 by Stifel Nicolaus. The stock has “Buy” rating by Zacks on Friday, August 28. The stock of Tandem Diabetes Care, Inc. (NASDAQ:TNDM) has “Hold” rating given on Tuesday, February 27 by Cowen & Co. On Wednesday, November 2 the stock rating was maintained by Wedbush with “Outperform”. The firm has “Buy” rating by Deutsche Bank given on Wednesday, November 2. The stock has “Neutral” rating by PiperJaffray on Thursday, November 3. The firm has “Buy” rating given on Monday, August 10 by Deutsche Bank. Bank of America maintained Tandem Diabetes Care, Inc. (NASDAQ:TNDM) rating on Monday, November 20. Bank of America has “Underperform” rating and $2 target.

Tandem Diabetes Care, Inc., a medical device company, designs, develops, and commercializes various products for people with insulin-dependent diabetes in the United States. The company has market cap of $629.10 million. The companyÂ’s flagship product is the t:slim X2 insulin delivery system that comprises t:slim X2 pump, its disposable insulin cartridge, and an infusion set. It currently has negative earnings. It also provides t:flex insulin delivery system that includes t:flex pump, its 480-unit disposable insulin cartridge, and an infusion set; and t:slim G4 insulin delivery system, a touch-screen pump with an integrated CGM system.

More recent Tandem Diabetes Care, Inc. (NASDAQ:TNDM) news were published by: Benzinga.com which released: “Piper Jaffray: Tandem Diabetes Is Entering A ‘Goldilocks Period'” on May 14, 2018. Also Streetinsider.com published the news titled: “Pre-Open Stock Movers 05/21: (MBFI) (NBRV) (SHLD) Higher; (PRTA) (QD) (APPF) Lower (more…)” on May 21, 2018. Benzinga.com‘s news article titled: “36 Biggest Movers From Friday” with publication date: May 21, 2018 was also an interesting one.

Analysts await Tandem Diabetes Care, Inc. (NASDAQ:TNDM) to report earnings on July, 26. They expect $-0.35 earnings per share, up 92.05% or $4.05 from last year’s $-4.4 per share. After $-1.03 actual earnings per share reported by Tandem Diabetes Care, Inc. for the previous quarter, Wall Street now forecasts -66.02% EPS growth.

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.24, from 1.24 in 2017Q3. It turned negative, as 59 investors sold BX shares while 154 reduced holdings. 49 funds opened positions while 165 raised stakes. 298.48 million shares or 9.36% more from 272.94 million shares in 2017Q3 were reported. Usca Ria Ltd Liability Corporation holds 25,305 shares. Ledyard State Bank accumulated 620 shares or 0% of the stock. Mariner Wealth Ltd Liability Corp holds 0.03% or 24,377 shares. 70,000 are owned by Southport Mngmt Llc. Peddock Advisors Ltd Limited Liability Company has 5,610 shares. First Manhattan holds 0.01% or 78,680 shares in its portfolio. Bailard Inc invested in 17,220 shares. Riverpark Advisors Ltd Liability Corp reported 1.35% stake. Moreover, Mycio Wealth Ptnrs has 0.09% invested in The Blackstone Group L.P. (NYSE:BX). Texas Yale has 133,005 shares for 0.37% of their portfolio. Waddell & Reed Financial Incorporated holds 5.75M shares. Jnba Advsrs has invested 0.03% in The Blackstone Group L.P. (NYSE:BX). Financial Mgmt Inc reported 0% stake. Moreover, Walnut Private Equity Prtnrs Ltd Liability Corporation has 15.63% invested in The Blackstone Group L.P. (NYSE:BX). Pekin Singer Strauss Asset Management Il has invested 0.35% in The Blackstone Group L.P. (NYSE:BX).

Arete Wealth Advisors Llc increased Barrick Gold Corp (NYSE:ABX) stake by 146,980 shares to 245,779 valued at $3.55 million in 2017Q4. It also upped Ishares (EFV) stake by 9,174 shares and now owns 35,356 shares. Ishares Tr (IWF) was raised too.

Analysts await The Blackstone Group L.P. (NYSE:BX) to report earnings on July, 19. They expect $0.70 EPS, up 18.64% or $0.11 from last year’s $0.59 per share. BX’s profit will be $833.35 million for 11.35 P/E if the $0.70 EPS becomes a reality. After $0.65 actual EPS reported by The Blackstone Group L.P. for the previous quarter, Wall Street now forecasts 7.69% EPS growth.

More notable recent The Blackstone Group L.P. (NYSE:BX) news were published by: Benzinga.com which released: “BTIG: Despite Blackstone Deal, Pebblebrook Still Has Options With LaSalle Hotel Properties” on May 21, 2018, also Seekingalpha.com with their article: “Gramercy: Higher Bid Coming?” published on May 14, 2018, Seekingalpha.com published: “What A Good Deal Looks Like” on May 11, 2018. More interesting news about The Blackstone Group L.P. (NYSE:BX) were released by: Streetinsider.com and their article: “IHS Markit (INFO) Announces Acquisition of Ipreo from Blackstone (BX) and Goldman Sachs Merchant Banking …” published on May 21, 2018 as well as Streetinsider.com‘s news article titled: “IHS Markit (INFO) Announces Acquisition Ipreo from Blackstone (BX) and Goldman Sachs Merchant Banking Division …” with publication date: May 21, 2018.

Tandem Diabetes Care, Inc. (NASDAQ:TNDM) Ratings Chart

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