Beach Point Capital Management LP Holding in Aar (AIR) Raised by $9.06 Million; First Interstate Bank Lowered Its Stake in Amgen (AMGN) as Stock Value Declined

May 18, 2018 - By William Brooks

AAR Corp. (NYSE:AIR) Logo

First Interstate Bank decreased its stake in Amgen Inc (AMGN) by 29.11% based on its latest 2017Q4 regulatory filing with the SEC. First Interstate Bank sold 1,863 shares as the company’s stock declined 2.99% with the market. The institutional investor held 4,537 shares of the biological products (no diagnostic substances) company at the end of 2017Q4, valued at $789,000, down from 6,400 at the end of the previous reported quarter. First Interstate Bank who had been investing in Amgen Inc for a number of months, seems to be less bullish one the $117.24 billion market cap company. The stock increased 0.79% or $1.38 during the last trading session, reaching $176.03. About 237,697 shares traded. Amgen Inc. (NASDAQ:AMGN) has risen 3.78% since May 18, 2017 and is uptrending. It has underperformed by 7.77% the S&P500.

Carl Goldsmith increased its stake in Aar Corp (AIR) by 102.52% based on its latest 2017Q4 regulatory filing with the SEC. Beach Point Capital Management Lp bought 232,382 shares as the company’s stock rose 9.50% while stock markets declined. The hedge fund run by Carl Goldsmith held 459,046 shares of the aerospace company at the end of 2017Q4, valued at $18.04M, up from 226,664 at the end of the previous reported quarter. Beach Point Capital Management Lp who had been investing in Aar Corp for a number of months, seems to be bullish on the $1.59B market cap company. The stock increased 0.24% or $0.11 during the last trading session, reaching $46.71. About 167,955 shares traded. AAR Corp. (NYSE:AIR) has risen 31.71% since May 18, 2017 and is uptrending. It has outperformed by 20.16% the S&P500.

Investors sentiment increased to 1.22 in 2017 Q4. Its up 0.23, from 0.99 in 2017Q3. It increased, as 73 investors sold AMGN shares while 458 reduced holdings. 122 funds opened positions while 527 raised stakes. 551.71 million shares or 0.60% less from 555.05 million shares in 2017Q3 were reported. Barrow Hanley Mewhinney & Strauss Ltd Liability Corp has invested 0% of its portfolio in Amgen Inc. (NASDAQ:AMGN). 14,003 were accumulated by Quantbot Technology Ltd Partnership. Chelsea Counsel reported 2.08% of its portfolio in Amgen Inc. (NASDAQ:AMGN). Skba Capital Ltd Liability reported 1.38% of its portfolio in Amgen Inc. (NASDAQ:AMGN). Shoker Counsel holds 1.16% or 9,273 shares. Evergreen Cap Mgmt owns 1,664 shares for 0.03% of their portfolio. Congress Asset Management Communication Ma stated it has 0.1% of its portfolio in Amgen Inc. (NASDAQ:AMGN). Van Strum & Towne, a California-based fund reported 36,847 shares. Covington Invest Advisors owns 12,815 shares for 0.76% of their portfolio. Copeland Mngmt Limited Liability accumulated 0.39% or 35,714 shares. Vanguard Gp invested in 52.33M shares. Pinnacle Prns stated it has 40,309 shares or 0.74% of all its holdings. Catalyst Cap Advisors Limited Liability Company has 0.01% invested in Amgen Inc. (NASDAQ:AMGN). Caisse De Depot Et Placement Du Quebec accumulated 0.17% or 422,233 shares. 11,558 were reported by Etrade Cap Mngmt Ltd Liability Company.

More notable recent Amgen Inc. (NASDAQ:AMGN) news were published by: Nasdaq.com which released: “Why Spectrum Pharmaceuticals, Inc. Is Up Big Today” on May 17, 2018, also 247Wallst.com with their article: “Amgen’s Novel Migraine Treatment Gets Key Approval” published on May 18, 2018, Seekingalpha.com published: “Amgen’s Dim Sales Outlook Looms Over Buybacks” on April 26, 2018. More interesting news about Amgen Inc. (NASDAQ:AMGN) were released by: Streetinsider.com and their article: “Amgen (AMGN) Announces EC Approval For Repatha To Prevent Heart Attack And Stroke In Adults With Established …” published on May 16, 2018 as well as Fool.com‘s news article titled: “Better Buy: Amgen Inc. vs. Biogen Inc.” with publication date: May 15, 2018.

Since December 12, 2017, it had 0 insider buys, and 6 insider sales for $1.64 million activity.

Among 25 analysts covering Amgen Inc. (NASDAQ:AMGN), 11 have Buy rating, 0 Sell and 14 Hold. Therefore 44% are positive. Amgen Inc. had 89 analyst reports since August 3, 2015 according to SRatingsIntel. Oppenheimer maintained Amgen Inc. (NASDAQ:AMGN) rating on Wednesday, August 16. Oppenheimer has “Buy” rating and $203.0 target. Credit Suisse maintained Amgen Inc. (NASDAQ:AMGN) on Friday, September 29 with “Outperform” rating. Jefferies maintained it with “Buy” rating and $200.0 target in Thursday, September 28 report. The rating was maintained by RBC Capital Markets on Thursday, October 26 with “Hold”. Oppenheimer maintained Amgen Inc. (NASDAQ:AMGN) on Monday, June 26 with “Buy” rating. The stock of Amgen Inc. (NASDAQ:AMGN) has “Overweight” rating given on Friday, December 18 by Atlantic Securities. The rating was maintained by UBS with “Buy” on Thursday, October 29. The rating was maintained by Piper Jaffray with “Buy” on Thursday, February 1. BMO Capital Markets maintained the shares of AMGN in report on Friday, October 20 with “Hold” rating. The stock of Amgen Inc. (NASDAQ:AMGN) earned “Buy” rating by Cowen & Co on Thursday, July 20.

Analysts await Amgen Inc. (NASDAQ:AMGN) to report earnings on July, 24. They expect $3.52 EPS, up 7.65% or $0.25 from last year’s $3.27 per share. AMGN’s profit will be $2.34B for 12.50 P/E if the $3.52 EPS becomes a reality. After $3.47 actual EPS reported by Amgen Inc. for the previous quarter, Wall Street now forecasts 1.44% EPS growth.

More important recent AAR Corp. (NYSE:AIR) news were published by: Streetinsider.com which released: “Exclusive: Dubai Aerospace in talks to place huge order for 400 jets” on May 17, 2018, also Streetinsider.com published article titled: “Marcato Capital Shows New Stakes in Astec Industries (ASTE), Univar (UNVR) (more…) – 13f”, Streetinsider.com published: “Iceland’s Wow Air to launch low cost, long haul flights to India” on May 15, 2018. More interesting news about AAR Corp. (NYSE:AIR) was released by: Streetinsider.com and their article: “Marcato Capital’s 13F Shows New Stake in Astec Industries (ASTE), Univar (UNVR), Increase in Rayonier (RYAM …” with publication date: May 15, 2018.

Beach Point Capital Management Lp, which manages about $8.09B and $417.76M US Long portfolio, decreased its stake in Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 23,681 shares to 941,214 shares, valued at $35.63 million in 2017Q4, according to the filing. It also reduced its holding in Stealthgas Inc (NASDAQ:GASS) by 456,314 shares in the quarter, leaving it with 1.20M shares, and cut its stake in Cars Com Inc.

Among 7 analysts covering AAR Corp. (NYSE:AIR), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AAR Corp. had 22 analyst reports since December 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Noble Financial given on Tuesday, July 18. On Wednesday, September 20 the stock rating was maintained by Noble Financial with “Buy”. The firm has “Buy” rating by Credit Suisse given on Friday, January 12. Canaccord Genuity upgraded the shares of AIR in report on Thursday, February 8 to “Buy” rating. On Thursday, November 2 the stock rating was maintained by Noble Financial with “Buy”. On Thursday, January 19 the stock rating was initiated by SunTrust with “Buy”. The stock of AAR Corp. (NYSE:AIR) earned “Outperform” rating by Credit Suisse on Thursday, March 22. The stock has “Buy” rating by Gabelli on Tuesday, October 25. The stock of AAR Corp. (NYSE:AIR) earned “Buy” rating by Noble Financial on Thursday, August 10. The rating was maintained by SunTrust on Wednesday, November 1 with “Buy”.

Since January 17, 2018, it had 0 insider purchases, and 5 selling transactions for $5.78 million activity. 5,000 AAR Corp. (NYSE:AIR) shares with value of $212,900 were sold by PACE PETER. Shares for $220,374 were sold by Anderson Anthony on Tuesday, March 27.

Amgen Inc. (NASDAQ:AMGN) Institutional Positions Chart

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