Alibaba Group Hldg F Sponsored (BABA) Holder Regent Investment Management Has Increased Holding; Wells Fargo & Company Has Upped Retrophin (RTRX) Stake by $459,912

February 15, 2018 - By Steve Bissell

Regent Investment Management Llc increased its stake in Alibaba Group Hldg F Sponsored (BABA) by 48.5% based on its latest 2017Q3 regulatory filing with the SEC. Regent Investment Management Llc bought 3,650 shares as the company’s stock rose 22.58% with the market. The hedge fund held 11,175 shares of the business services company at the end of 2017Q3, valued at $1.93 million, up from 7,525 at the end of the previous reported quarter. Regent Investment Management Llc who had been investing in Alibaba Group Hldg F Sponsored for a number of months, seems to be bullish on the $480.12B market cap company. The stock increased 0.19% or $0.36 during the last trading session, reaching $187.12. About 10.01 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since February 15, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Wells Fargo & Company increased its stake in Retrophin Inc (RTRX) by 48.5% based on its latest 2017Q3 regulatory filing with the SEC. Wells Fargo & Company bought 19,163 shares as the company’s stock declined 17.61% while stock markets rallied. The institutional investor held 58,674 shares of the health care company at the end of 2017Q3, valued at $1.46M, up from 39,511 at the end of the previous reported quarter. Wells Fargo & Company who had been investing in Retrophin Inc for a number of months, seems to be bullish on the $874.57M market cap company. The stock decreased 0.27% or $0.06 during the last trading session, reaching $22.25. About 46,268 shares traded. Retrophin, Inc. (NASDAQ:RTRX) has risen 4.93% since February 15, 2017 and is uptrending. It has underperformed by 11.77% the S&P500.

Wells Fargo & Company, which manages about $322.95B US Long portfolio, decreased its stake in Ishares Tr (CSJ) by 112,050 shares to 2.11 million shares, valued at $222.75M in 2017Q3, according to the filing. It also reduced its holding in Quantum Corp by 268,874 shares in the quarter, leaving it with 1.08 million shares, and cut its stake in Spansion Llc (Prn).

Since August 16, 2017, it had 0 insider buys, and 1 sale for $22,646 activity. REED ELIZABETH E had sold 942 shares worth $22,646 on Friday, January 5.

Investors sentiment increased to 1.62 in 2017 Q3. Its up 0.46, from 1.16 in 2017Q2. It is positive, as 12 investors sold RTRX shares while 25 reduced holdings. 20 funds opened positions while 40 raised stakes. 40.07 million shares or 1.15% more from 39.61 million shares in 2017Q2 were reported. 400,000 were reported by Rock Springs Management Lp. Citigroup owns 18,633 shares or 0% of their US portfolio. State Bank Of Montreal Can owns 119,782 shares or 0% of their US portfolio. New York State Common Retirement Fund reported 40,900 shares stake. Carroll Financial Associate stated it has 0% in Retrophin, Inc. (NASDAQ:RTRX). Great West Life Assurance Can holds 4,000 shares. State Street Corp reported 0% of its portfolio in Retrophin, Inc. (NASDAQ:RTRX). Pacad Invest Ltd owns 0.01% invested in Retrophin, Inc. (NASDAQ:RTRX) for 2,600 shares. 346,701 were accumulated by Price T Rowe Associate Md. Pdt Partners Limited Liability reported 0.11% stake. Gsa Cap Prtn Llp stated it has 11,700 shares. Aqr Cap Mngmt Ltd Liability holds 0% or 39,394 shares. Public Employees Retirement Association Of Colorado reported 10,796 shares. Swiss Bank accumulated 59,700 shares. Matarin Cap Mgmt Ltd Llc stated it has 0.05% in Retrophin, Inc. (NASDAQ:RTRX).

Among 4 analysts covering Retrophin (NASDAQ:RTRX), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Retrophin had 7 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Tuesday, April 12 by BMO Capital Markets. BMO Capital Markets maintained the shares of RTRX in report on Tuesday, November 7 with “Buy” rating. The rating was initiated by JMP Securities on Monday, November 2 with “Mkt Outperform”. The company was maintained on Friday, October 6 by BMO Capital Markets. Zacks downgraded the stock to “Buy” rating in Wednesday, August 12 report.

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By1 Steve Bissell

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