As American International Group (AIG) Market Value Declined, Auxier Asset Management Raised Stake; Bnp Paribas Arbitrage Sa Has Cut Position in Merit Medical Systems (MMSI) by $255.44 Million as Stock Rose

May 19, 2018 - By Moses P. Lee

American International Group, Inc. (NYSE:AIG) Logo

Auxier Asset Management increased its stake in American International Group (AIG) by 27.82% based on its latest 2017Q4 regulatory filing with the SEC. Auxier Asset Management bought 22,363 shares as the company’s stock declined 9.32% with the market. The institutional investor held 102,736 shares of the finance company at the end of 2017Q4, valued at $6.12 million, up from 80,373 at the end of the previous reported quarter. Auxier Asset Management who had been investing in American International Group for a number of months, seems to be bullish on the $49.51 billion market cap company. The stock increased 0.66% or $0.36 during the last trading session, reaching $55.15. About 9.82 million shares traded or 35.15% up from the average. American International Group, Inc. (NYSE:AIG) has declined 11.73% since May 19, 2017 and is downtrending. It has underperformed by 23.28% the S&P500.

Bnp Paribas Arbitrage Sa decreased its stake in Merit Medical Systems Inc (MMSI) by 22.39% based on its latest 2017Q4 regulatory filing with the SEC. Bnp Paribas Arbitrage Sa sold 5,913 shares as the company’s stock rose 1.16% while stock markets declined. The institutional investor held 20,492 shares of the health care company at the end of 2017Q4, valued at $885.25 million, down from 26,405 at the end of the previous reported quarter. Bnp Paribas Arbitrage Sa who had been investing in Merit Medical Systems Inc for a number of months, seems to be less bullish one the $2.71B market cap company. The stock increased 1.90% or $1 during the last trading session, reaching $53.7. About 420,929 shares traded or 9.81% up from the average. Merit Medical Systems, Inc. (NASDAQ:MMSI) has risen 52.36% since May 19, 2017 and is uptrending. It has outperformed by 40.81% the S&P500.

Bnp Paribas Arbitrage Sa, which manages about $56400.55 billion US Long portfolio, upped its stake in Atlas Air Worldwide Holdings Inc (Call) by 38,900 shares to 39,100 shares, valued at $2.29B in 2017Q4, according to the filing. It also increased its holding in New York Mortgage Trust Inc (NASDAQ:NYMT) by 23,497 shares in the quarter, for a total of 39,558 shares, and has risen its stake in Aac Holdings Inc (NYSE:AAC).

Analysts await Merit Medical Systems, Inc. (NASDAQ:MMSI) to report earnings on July, 25. They expect $0.40 EPS, up 11.11% or $0.04 from last year’s $0.36 per share. MMSI’s profit will be $20.16M for 33.56 P/E if the $0.40 EPS becomes a reality. After $0.31 actual EPS reported by Merit Medical Systems, Inc. for the previous quarter, Wall Street now forecasts 29.03% EPS growth.

Since December 15, 2017, it had 0 insider buys, and 1 insider sale for $407,782 activity.

Among 9 analysts covering Merit Medical (NASDAQ:MMSI), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Merit Medical had 26 analyst reports since October 23, 2015 according to SRatingsIntel. On Monday, July 10 the stock rating was maintained by Canaccord Genuity with “Buy”. As per Thursday, July 20, the company rating was initiated by Bank of America. The firm has “Buy” rating by Needham given on Thursday, April 19. Raymond James maintained the shares of MMSI in report on Thursday, April 26 with “Outperform” rating. On Thursday, March 1 the stock rating was upgraded by Barrington Research to “Outperform”. Canaccord Genuity maintained Merit Medical Systems, Inc. (NASDAQ:MMSI) on Monday, September 4 with “Buy” rating. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, March 1. Canaccord Genuity maintained Merit Medical Systems, Inc. (NASDAQ:MMSI) rating on Thursday, November 16. Canaccord Genuity has “Buy” rating and $47.5 target. Needham maintained Merit Medical Systems, Inc. (NASDAQ:MMSI) rating on Thursday, April 26. Needham has “Buy” rating and $5400 target. As per Tuesday, January 2, the company rating was maintained by Canaccord Genuity.

More notable recent Merit Medical Systems, Inc. (NASDAQ:MMSI) news were published by: Globenewswire.com which released: “Merit Medical Reports Record Revenues for First Quarter of 2018” on April 25, 2018, also Globenewswire.com with their article: “Merit Medical to Present at Three Conferences in May” published on April 30, 2018, Benzinga.com published: “Benzinga’s Daily Biotech Pulse: FDA Panel Nod For Akcea, Synergy’s Revenue Miss, FDA Warns E-Liquid Makers Again” on May 11, 2018. More interesting news about Merit Medical Systems, Inc. (NASDAQ:MMSI) were released by: Seekingalpha.com and their article: “Merit Medical Systems’ (MMSI) CEO Fred Lampropoulos on Q1 2018 Results – Earnings Call Transcript” published on April 26, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Daily Biotech Pulse: AstraZeneca’s Q1, Novartis-Amgen Migraine Drug Approved” with publication date: May 18, 2018.

Investors sentiment decreased to 1 in Q4 2017. Its down 0.28, from 1.28 in 2017Q3. It fall, as 29 investors sold MMSI shares while 69 reduced holdings. 29 funds opened positions while 69 raised stakes. 45.18 million shares or 1.94% more from 44.33 million shares in 2017Q3 were reported. Schwab Charles Invest Management Incorporated owns 0.01% invested in Merit Medical Systems, Inc. (NASDAQ:MMSI) for 253,868 shares. Cornerstone Cap Mngmt Holdg Ltd Liability Corporation accumulated 0.04% or 134,700 shares. Bnp Paribas Arbitrage Sa has invested 0% in Merit Medical Systems, Inc. (NASDAQ:MMSI). Laurion Cap Management Limited Partnership owns 5,270 shares. Copper Rock Ptnrs Limited Co reported 667,885 shares. Shell Asset Mngmt invested 0.02% in Merit Medical Systems, Inc. (NASDAQ:MMSI). Parallax Volatility Advisers LP invested 0% in Merit Medical Systems, Inc. (NASDAQ:MMSI). Loring Wolcott And Coolidge Fiduciary Advsrs Limited Liability Partnership Ma holds 0% or 1,010 shares in its portfolio. State Street reported 0% of its portfolio in Merit Medical Systems, Inc. (NASDAQ:MMSI). Ubs Asset Americas Inc holds 0% in Merit Medical Systems, Inc. (NASDAQ:MMSI) or 58,822 shares. State Of Alaska Department Of Revenue reported 9,987 shares. 781,227 were reported by Rockefeller Finance. Capital Impact Advisors Llc, a Massachusetts-based fund reported 34,038 shares. Morgan Dempsey Mngmt Ltd Limited Liability Company holds 0.5% in Merit Medical Systems, Inc. (NASDAQ:MMSI) or 35,982 shares. Sawgrass Asset Mngmt Limited Com invested 0.01% in Merit Medical Systems, Inc. (NASDAQ:MMSI).

Since February 15, 2018, it had 2 insider purchases, and 2 insider sales for $47,270 activity. The insider Macartney Claudine sold 2,052 shares worth $122,320. Shares for $128,875 were bought by LEONARDI THOMAS B. 3,503 shares were sold by Macia Seraina, worth $209,164 on Friday, February 16.

Among 21 analysts covering American International Group (NYSE:AIG), 15 have Buy rating, 1 Sell and 5 Hold. Therefore 71% are positive. American International Group had 82 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of American International Group, Inc. (NYSE:AIG) has “Neutral” rating given on Friday, February 12 by Credit Suisse. The rating was downgraded by Avondale to “Underperform” on Wednesday, November 4. The stock of American International Group, Inc. (NYSE:AIG) earned “Hold” rating by Deutsche Bank on Friday, March 11. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, August 3 report. Buckingham Research initiated the shares of AIG in report on Monday, September 11 with “Sell” rating. As per Monday, November 23, the company rating was downgraded by Standpoint Research. On Friday, February 17 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of American International Group, Inc. (NYSE:AIG) has “Buy” rating given on Tuesday, January 19 by Standpoint Research. The rating was downgraded by Vetr to “Strong-Buy” on Thursday, August 27. The firm has “Market Perform” rating given on Friday, February 26 by FBR Capital.

More notable recent American International Group, Inc. (NYSE:AIG) news were published by: Seekingalpha.com which released: “Icahn throws in the towel in AIG” on May 07, 2018, also Benzinga.com with their article: “Goldman Turns Bullish On AIG Ahead Of Projected Q4 Catalyst” published on May 10, 2018, Benzinga.com published: “AIG Notches Upgrade Ahead Of Q1 Report On Fundamental Improvements” on April 27, 2018. More interesting news about American International Group, Inc. (NYSE:AIG) were released by: Streetinsider.com and their article: “AIG shareholders approve $43 million pay package for CEO” published on May 09, 2018 as well as 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” with publication date: May 17, 2018.

Investors sentiment decreased to 0.7 in Q4 2017. Its down 0.09, from 0.79 in 2017Q3. It turned negative, as 85 investors sold AIG shares while 290 reduced holdings. 74 funds opened positions while 189 raised stakes. 747.27 million shares or 0.10% less from 748.00 million shares in 2017Q3 were reported. Savant Ltd Liability Corporation has invested 0.12% in American International Group, Inc. (NYSE:AIG). 8 were accumulated by Vantage Invest Advisors Ltd Liability Co. Victory Capital Mngmt, a Ohio-based fund reported 14,209 shares. Scharf Ltd Co holds 0.02% or 13,519 shares in its portfolio. Barrett Asset Mngmt Ltd Limited Liability Company has invested 0.01% of its portfolio in American International Group, Inc. (NYSE:AIG). Ahl Prtnrs Limited Liability Partnership accumulated 46,358 shares. Moreover, Winfield Associates has 0.01% invested in American International Group, Inc. (NYSE:AIG) for 160 shares. Fil reported 390,977 shares. Barclays Public Ltd Com invested in 2.05M shares. 1832 Asset Mgmt Limited Partnership owns 463 shares for 0% of their portfolio. Price T Rowe Associate Md holds 0.22% or 22.38M shares in its portfolio. Sol Capital Mngmt reported 26,774 shares. Norway-based Dnb Asset Mgmt As has invested 0.07% in American International Group, Inc. (NYSE:AIG). Laurel Grove Capital Limited Liability Corp holds 0.18% or 6,000 shares. Fernwood Inv Lc owns 6,970 shares or 0.22% of their US portfolio.

Auxier Asset Management, which manages about $647.08 million and $521.10M US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 2,396 shares to 100,455 shares, valued at $14.04 million in 2017Q4, according to the filing.

Merit Medical Systems, Inc. (NASDAQ:MMSI) Institutional Positions Chart

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