Gilead Sciences (GILD) Position Has Increased by Arga Investment Management Lp; Jvl Advisors Has Decreased Its Encana (ECA) Holding by $1.03 Million

February 22, 2018 - By Kurt Siggers

Jvl Advisors Llc decreased its stake in Encana Corp (ECA) by 1.66% based on its latest 2017Q3 regulatory filing with the SEC. Jvl Advisors Llc sold 93,900 shares as the company’s stock declined 8.34% while stock markets rallied. The hedge fund held 5.56 million shares of the oil & gas production company at the end of 2017Q3, valued at $65.53M, down from 5.66 million at the end of the previous reported quarter. Jvl Advisors Llc who had been investing in Encana Corp for a number of months, seems to be less bullish one the $10.57 billion market cap company. The stock increased 3.92% or $0.415 during the last trading session, reaching $11.005. About 7.22 million shares traded. Encana Corporation (NYSE:ECA) has risen 50.13% since February 22, 2017 and is uptrending. It has outperformed by 33.43% the S&P500.

Arga Investment Management Lp increased its stake in Gilead Sciences Inc (GILD) by 19.53% based on its latest 2017Q3 regulatory filing with the SEC. Arga Investment Management Lp bought 8,600 shares as the company’s stock declined 8.05% while stock markets rallied. The institutional investor held 52,629 shares of the health care company at the end of 2017Q3, valued at $4.26 million, up from 44,029 at the end of the previous reported quarter. Arga Investment Management Lp who had been investing in Gilead Sciences Inc for a number of months, seems to be bullish on the $105.23 billion market cap company. The stock decreased 0.16% or $0.13 during the last trading session, reaching $80.56. About 2.59 million shares traded. Gilead Sciences, Inc. (NASDAQ:GILD) has declined 21.80% since February 22, 2017 and is downtrending. It has underperformed by 38.50% the S&P500.

Arga Investment Management Lp, which manages about $2.25B and $843.57M US Long portfolio, decreased its stake in Bp Plc (NYSE:BP) by 15,900 shares to 2.64 million shares, valued at $101.48M in 2017Q3, according to the filing. It also reduced its holding in Alibaba Group Holding (NYSE:BABA) by 55,100 shares in the quarter, leaving it with 5,800 shares, and cut its stake in Las Vegas Sands Corp (NYSE:LVS).

Since August 30, 2017, it had 0 insider purchases, and 14 sales for $55.76 million activity. 100,000 shares were sold by Meyers James R, worth $8.02 million. WILSON GAYLE E had sold 60,000 shares worth $4.68M. On Thursday, September 7 the insider Washington Robin L sold $4.40 million. Shares for $4.18M were sold by MARTIN JOHN C.

Among 30 analysts covering Gilead Sciences (NASDAQ:GILD), 21 have Buy rating, 0 Sell and 9 Hold. Therefore 70% are positive. Gilead Sciences had 124 analyst reports since July 29, 2015 according to SRatingsIntel. As per Wednesday, February 7, the company rating was maintained by Bank of America. Argus Research upgraded the stock to “Buy” rating in Thursday, August 31 report. On Friday, February 12 the stock rating was maintained by Maxim Group with “Buy”. The rating was maintained by Oppenheimer with “Outperform” on Wednesday, July 29. The rating was maintained by Mizuho with “Buy” on Tuesday, July 25. Citigroup maintained it with “Buy” rating and $105 target in Friday, April 29 report. The firm has “Buy” rating given on Wednesday, July 29 by Maxim Group. Robert W. Baird maintained Gilead Sciences, Inc. (NASDAQ:GILD) on Monday, October 16 with “Buy” rating. The company was maintained on Wednesday, July 29 by RBC Capital Markets. The company was maintained on Friday, July 24 by Piper Jaffray.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.10, from 0.93 in 2017Q2. It increased, as 96 investors sold GILD shares while 488 reduced holdings. 127 funds opened positions while 474 raised stakes. 957.62 million shares or 2.06% more from 938.32 million shares in 2017Q2 were reported. Coldstream Mngmt owns 6,358 shares for 0.06% of their portfolio. Cohen Klingenstein Ltd Liability Corp, New York-based fund reported 13,184 shares. Highstreet Asset Management stated it has 26,032 shares. Hartwell J M Lp stated it has 0.08% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD). State Treasurer State Of Michigan reported 2.05 million shares. The Germany-based Lingohr And Partner Asset Gmbh has invested 0.8% in Gilead Sciences, Inc. (NASDAQ:GILD). Pzena Inv Management Lc holds 2,869 shares or 0% of its portfolio. Hexavest Inc has invested 0.47% in Gilead Sciences, Inc. (NASDAQ:GILD). Hikari Power holds 141,930 shares or 1.49% of its portfolio. Pnc Financial Grp accumulated 650,866 shares or 0.05% of the stock. Goelzer Investment Mgmt reported 0.67% stake. Moreover, Amg Natl Trust National Bank & Trust has 0.17% invested in Gilead Sciences, Inc. (NASDAQ:GILD). Dubuque State Bank And Company holds 1,821 shares. Livforsakringsbolaget Skandia Omsesidigt owns 110,637 shares. Old Mutual Invsts (Uk) Limited holds 0.44% or 524,508 shares.

Among 28 analysts covering Encana Corporation (NYSE:ECA), 25 have Buy rating, 1 Sell and 2 Hold. Therefore 89% are positive. Encana Corporation had 123 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, September 15 the stock rating was upgraded by Bernstein to “Outperform”. As per Monday, July 27, the company rating was maintained by RBC Capital Markets. The stock of Encana Corporation (NYSE:ECA) has “Buy” rating given on Tuesday, January 16 by RBC Capital Markets. The firm has “Hold” rating given on Wednesday, June 21 by Macquarie Research. The stock of Encana Corporation (NYSE:ECA) earned “Equalweight” rating by Barclays Capital on Thursday, July 14. As per Friday, October 27, the company rating was maintained by RBC Capital Markets. The firm earned “Buy” rating on Thursday, January 21 by Deutsche Bank. As per Monday, November 7, the company rating was upgraded by KLR Group. Jefferies maintained it with “Buy” rating and $14 target in Thursday, October 6 report. Deutsche Bank maintained the shares of ECA in report on Wednesday, December 9 with “Buy” rating.

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By1 Kurt Siggers

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