Twin Securities Raised Holding in Akorn (Call) (AKRX) by $1.62 Million as Stock Value Rose; Jp Morgan Chase (JPM) Holder First Fiduciary Investment Counsel Increased Holding

November 15, 2017 - By Richard Conner

Twin Securities Inc increased its stake in Akorn Inc (Call) (AKRX) by 98% based on its latest 2017Q2 regulatory filing with the SEC. Twin Securities Inc bought 49,000 shares as the company’s stock rose 52.48% with the market. The hedge fund held 99,000 shares of the health care company at the end of 2017Q2, valued at $3.32M, up from 50,000 at the end of the previous reported quarter. Twin Securities Inc who had been investing in Akorn Inc (Call) for a number of months, seems to be bullish on the $4.17 billion market cap company. The stock increased 0.18% or $0.06 during the last trading session, reaching $33.37. About shares traded. Akorn, Inc. (NASDAQ:AKRX) has risen 12.04% since November 15, 2016 and is uptrending. It has underperformed by 4.66% the S&P500.




First Fiduciary Investment Counsel Inc increased its stake in Jp Morgan Chase (JPM) by 2.39% based on its latest 2017Q2 regulatory filing with the SEC. First Fiduciary Investment Counsel Inc bought 7,685 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 329,678 shares of the major banks company at the end of 2017Q2, valued at $30.13M, up from 321,993 at the end of the previous reported quarter. First Fiduciary Investment Counsel Inc who had been investing in Jp Morgan Chase for a number of months, seems to be bullish on the $337.50B market cap company. The stock decreased 0.58% or $0.57 during the last trading session, reaching $97.27. About 2,703 shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since November 15, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.

More recent Akorn, Inc. (NASDAQ:AKRX) news were published by: Reuters.com which released: “Insys founder Kapoor steps down as Akorn chairman after arrest” on October 31, 2017. Also Seekingalpha.com published the news titled: “Akorn/Fresenius: Risky Arb” on November 02, 2017. Prnewswire.com‘s news article titled: “Breakfast Technical Briefing on Generic Drugs Stocks — Mallinckrodt, Akorn …” with publication date: November 10, 2017 was also an interesting one.

Among 16 analysts covering Akorn Inc (NASDAQ:AKRX), 5 have Buy rating, 2 Sell and 9 Hold. Therefore 31% are positive. Akorn Inc had 36 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Akorn, Inc. (NASDAQ:AKRX) has “Overweight” rating given on Monday, March 14 by JP Morgan. On Wednesday, March 23 the stock rating was maintained by Leerink Swann with “Market Perform”. The rating was downgraded by Raymond James on Tuesday, August 2 to “Market Perform”. Piperjaffray upgraded it to “Overweight” rating and $34 target in Thursday, September 15 report. The firm earned “Buy” rating on Wednesday, March 23 by Jefferies. The rating was maintained by RBC Capital Markets on Monday, October 2 with “Hold”. As per Wednesday, December 2, the company rating was upgraded by Nomura. Deutsche Bank maintained the shares of AKRX in report on Friday, March 18 with “Buy” rating. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Friday, November 4. The rating was maintained by Jefferies with “Hold” on Friday, May 26.

Investors sentiment increased to 1.19 in 2017 Q2. Its up 0.32, from 0.87 in 2017Q1. It is positive, as 56 investors sold JPM shares while 678 reduced holdings. 146 funds opened positions while 731 raised stakes. 2.69 billion shares or 4.21% more from 2.58 billion shares in 2017Q1 were reported. Visionary Asset holds 2,848 shares or 0.08% of its portfolio. Burgundy Asset Management Ltd holds 0.02% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 27,346 shares. Greenwood Associates Ltd Company owns 54,949 shares. Michael & Susan Dell Foundation invested in 313,853 shares. Monetta Svcs owns 40,000 shares or 2.06% of their US portfolio. Ipswich Invest Inc has invested 1.15% in JPMorgan Chase & Co. (NYSE:JPM). Jacobus Wealth Management reported 4.79% stake. Oak Ridge Ltd Liability Com has 0.01% invested in JPMorgan Chase & Co. (NYSE:JPM). 10 holds 160,027 shares or 4.11% of its portfolio. Robshaw Julian Assocs Incorporated owns 73,600 shares. Wesbanco National Bank & Trust Incorporated holds 1.71% or 342,834 shares. Westpac Corporation has invested 0% in JPMorgan Chase & Co. (NYSE:JPM). Schaller Invest Group owns 1.02% invested in JPMorgan Chase & Co. (NYSE:JPM) for 21,510 shares. Moreover, Ledyard National Bank & Trust has 0.12% invested in JPMorgan Chase & Co. (NYSE:JPM) for 8,999 shares. Quantitative Ltd accumulated 1.26 million shares.

Among 32 analysts covering JPMorgan Chase & Co (NYSE:JPM), 17 have Buy rating, 2 Sell and 13 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Overweight” on Friday, October 13. The firm has “Outperform” rating given on Monday, August 17 by Bruyette & Woods”. On Friday, January 15 the stock rating was maintained by Argus Research with “Buy”. The firm has “Overweight” rating by Atlantic Securities given on Friday, January 15. The firm has “Buy” rating by Bank of America given on Friday, October 13. The company was downgraded on Friday, September 9 by Macquarie Research. Jefferies maintained it with “Buy” rating and $10200 target in Tuesday, June 6 report. The rating was downgraded by Ertse Group on Monday, April 25 to “Hold”. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Neutral” rating by Nomura on Friday, October 13. On Thursday, July 6 the stock rating was maintained by Goldman Sachs with “Neutral”.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Bloomberg.com which released: “JPMorgan Says Family Awarded $8 Billion Deserves Nothing” on November 11, 2017, also Seekingalpha.com with their article: “JPMorgan mobile offerings not yet catching on” published on November 14, 2017, Bloomberg.com published: “JPMorgan Chase Defends Whistleblower Claim From Madoff Era” on October 30, 2017. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Reuters.com and their article: “JPMorgan reaches beyond its branches with new mobile account app” published on October 23, 2017 as well as Reuters.com‘s news article titled: “JPMorgan partners with data start-up to boost fixed-income trading” with publication date: October 23, 2017.

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