As Connectone Bancorp New (CNOB) Stock Value Declined, Ejf Capital Trimmed Holding; Reynders Mcveigh Capital Management Has Lifted Its Biogen (BIIB) Holding by $1.14 Million

February 15, 2018 - By Marie Mckinney

Emanuel J. Friedman decreased its stake in Connectone Bancorp Inc New (CNOB) by 12% based on its latest 2017Q3 regulatory filing with the SEC. Ejf Capital Llc sold 75,000 shares as the company’s stock declined 14.99% while stock markets rallied. The hedge fund run by Emanuel J. Friedman held 550,000 shares of the finance company at the end of 2017Q3, valued at $13.53M, down from 625,000 at the end of the previous reported quarter. Ejf Capital Llc who had been investing in Connectone Bancorp Inc New for a number of months, seems to be less bullish one the $939.71M market cap company. The stock increased 0.69% or $0.2 during the last trading session, reaching $29.3. About 25,933 shares traded. ConnectOne Bancorp, Inc. (NASDAQ:CNOB) has risen 37.35% since February 15, 2017 and is uptrending. It has outperformed by 20.65% the S&P500.

Reynders Mcveigh Capital Management Llc increased its stake in Biogen Inc (BIIB) by 354.32% based on its latest 2017Q3 regulatory filing with the SEC. Reynders Mcveigh Capital Management Llc bought 3,646 shares as the company’s stock declined 13.45% while stock markets rallied. The institutional investor held 4,675 shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $1.46M, up from 1,029 at the end of the previous reported quarter. Reynders Mcveigh Capital Management Llc who had been investing in Biogen Inc for a number of months, seems to be bullish on the $63.11 billion market cap company. The stock increased 0.74% or $2.2 during the last trading session, reaching $298.28. About 1.62 million shares traded or 29.00% up from the average. Biogen Inc. (NASDAQ:BIIB) has risen 4.94% since February 15, 2017 and is uptrending. It has underperformed by 11.76% the S&P500.

Among 32 analysts covering Biogen Idec Inc. (NASDAQ:BIIB), 24 have Buy rating, 0 Sell and 8 Hold. Therefore 75% are positive. Biogen Idec Inc. had 111 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was initiated by Atlantic Securities on Friday, December 18 with “Overweight”. The rating was reinitiated by Jefferies with “Hold” on Tuesday, July 11. The rating was maintained by Robert W. Baird with “Hold” on Monday, October 30. Goldman Sachs upgraded Biogen Inc. (NASDAQ:BIIB) on Wednesday, August 16 to “Conviction Buy” rating. The firm earned “Buy” rating on Tuesday, October 17 by Mizuho. The stock of Biogen Inc. (NASDAQ:BIIB) has “Buy” rating given on Tuesday, August 11 by H.C. Wainwright. The company was maintained on Tuesday, January 16 by Canaccord Genuity. The rating was initiated by Mizuho with “Buy” on Tuesday, November 8. BMO Capital Markets downgraded the shares of BIIB in report on Friday, July 24 to “Market Perform” rating. H.C. Wainwright maintained the shares of BIIB in report on Wednesday, October 25 with “Buy” rating.

Reynders Mcveigh Capital Management Llc, which manages about $978.23M and $766.91M US Long portfolio, decreased its stake in Rockwell Automation Inc (NYSE:ROK) by 3,127 shares to 162,042 shares, valued at $28.88M in 2017Q3, according to the filing. It also reduced its holding in Gilead Sciences Inc (NASDAQ:GILD) by 4,083 shares in the quarter, leaving it with 48,279 shares, and cut its stake in Chipotle Mexican Grill Inc Cl (NYSE:CMG).

Investors sentiment increased to 1.13 in 2017 Q3. Its up 0.25, from 0.88 in 2017Q2. It increased, as 59 investors sold BIIB shares while 283 reduced holdings. 96 funds opened positions while 292 raised stakes. 181.16 million shares or 0.28% more from 180.66 million shares in 2017Q2 were reported. Shell Asset Mngmt owns 38,882 shares or 0.22% of their US portfolio. Hm Payson & Com holds 0.01% of its portfolio in Biogen Inc. (NASDAQ:BIIB) for 1,006 shares. Arvest State Bank Tru Division holds 1.01% of its portfolio in Biogen Inc. (NASDAQ:BIIB) for 45,101 shares. Barclays Public Ltd stated it has 153,842 shares or 0.05% of all its holdings. Moreover, Jnba Financial Advsrs has 0.1% invested in Biogen Inc. (NASDAQ:BIIB). New Amsterdam Partners New York holds 0.1% or 1,471 shares. Utd Service Automobile Association owns 264,030 shares. Farallon Mgmt Limited Com, a California-based fund reported 475,000 shares. Samlyn Capital Ltd Co accumulated 460,643 shares or 3.64% of the stock. Meritage Portfolio Management stated it has 0.58% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Ami Asset has 92,074 shares. Greenleaf Tru has invested 0.01% in Biogen Inc. (NASDAQ:BIIB). Nichols Pratt Advisers Llp Ma owns 0.02% invested in Biogen Inc. (NASDAQ:BIIB) for 702 shares. Primecap Management Ca holds 15.21M shares. Bancorporation Of New York Mellon invested in 0.2% or 2.33M shares.

Since January 9, 2018, it had 0 insider buys, and 1 sale for $1.92 million activity.

Investors sentiment decreased to 1.57 in Q3 2017. Its down 0.10, from 1.67 in 2017Q2. It dropped, as 8 investors sold CNOB shares while 29 reduced holdings. 14 funds opened positions while 44 raised stakes. 21.22 million shares or 0.04% less from 21.23 million shares in 2017Q2 were reported. Wells Fargo Commerce Mn reported 0% in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Los Angeles Mngmt Equity Incorporated reported 23,695 shares. Moreover, Trexquant Invest Ltd Partnership has 0.05% invested in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) for 8,212 shares. Credit Suisse Ag stated it has 33,292 shares. Manufacturers Life Insurance The accumulated 0.01% or 213,999 shares. State Common Retirement Fund holds 34,300 shares or 0% of its portfolio. 19,614 were accumulated by Metropolitan Life Ins Ny. Dimensional Fund Ltd Partnership stated it has 0.02% of its portfolio in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Moreover, Inv Counselors Of Maryland Limited Co has 1.04% invested in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). 37,406 were reported by Rhumbline Advisers. Geode Cap Mngmt Limited Liability Company stated it has 0% of its portfolio in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Elizabeth Park Capital Advsrs Limited reported 2.55% of its portfolio in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Alliancebernstein Lp holds 0% or 36,300 shares. Barclays Public Ltd Limited Liability Company reported 0% in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Brandywine Glob Ltd Llc holds 0.01% of its portfolio in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) for 80,296 shares.

Among 5 analysts covering Connectone Bancorp (NASDAQ:CNOB), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Connectone Bancorp had 11 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was upgraded by Zacks to “Sell” on Monday, August 10. The rating was initiated by Piper Jaffray with “Overweight” on Monday, March 7. Maxim Group maintained ConnectOne Bancorp, Inc. (NASDAQ:CNOB) on Monday, December 19 with “Buy” rating. The rating was maintained by Keefe Bruyette & Woods on Thursday, July 27 with “Buy”. The stock of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Monday, January 29 by Piper Jaffray. On Wednesday, September 6 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The stock has “Outperform” rating by FBR Capital on Thursday, November 17. The stock of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) has “Buy” rating given on Tuesday, December 15 by Maxim Group.

Ejf Capital Llc, which manages about $7.64B and $961.17 million US Long portfolio, upped its stake in Citizens Finl Group Inc (NYSE:CFG) by 142,500 shares to 1.36M shares, valued at $51.31M in 2017Q3, according to the filing. It also increased its holding in Flagstar Bancorp Inc (NYSE:FBC) by 433,841 shares in the quarter, for a total of 1.18 million shares, and has risen its stake in Hmn Finl Inc (NASDAQ:HMNF).

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By1 Marie Mckinney

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