Teachers Retirement System Of The State Of Kentucky Stake in Incyte (INCY) Has Lowered as Stock Price Declined; As General Mtrs Co Com (GM) Valuation Declined, Shareholder Eqis Capital Management Lowered Stake by $508,120

April 24, 2018 - By Nellie Frank

Incyte Corporation (NASDAQ:INCY) Logo

Eqis Capital Management Inc decreased its stake in General Mtrs Co Com (GM) by 19.79% based on its latest 2017Q4 regulatory filing with the SEC. Eqis Capital Management Inc sold 12,703 shares as the company’s stock declined 17.02% with the market. The institutional investor held 51,478 shares of the auto manufacturing company at the end of 2017Q4, valued at $2.11M, down from 64,181 at the end of the previous reported quarter. Eqis Capital Management Inc who had been investing in General Mtrs Co Com for a number of months, seems to be less bullish one the $52.79B market cap company. The stock increased 0.21% or $0.08 during the last trading session, reaching $37.69. About 7.31M shares traded. General Motors Company (NYSE:GM) has risen 0.46% since April 24, 2017 and is uptrending. It has underperformed by 11.09% the S&P500.

Teachers Retirement System Of The State Of Kentucky decreased its stake in Incyte Corp (INCY) by 81.28% based on its latest 2017Q4 regulatory filing with the SEC. Teachers Retirement System Of The State Of Kentucky sold 81,421 shares as the company’s stock declined 11.25% with the market. The institutional investor held 18,750 shares of the commercial physical & biological resarch company at the end of 2017Q4, valued at $1.78 million, down from 100,171 at the end of the previous reported quarter. Teachers Retirement System Of The State Of Kentucky who had been investing in Incyte Corp for a number of months, seems to be less bullish one the $14.43B market cap company. The stock decreased 0.42% or $0.29 during the last trading session, reaching $68.14. About 2.08M shares traded. Incyte Corporation (NASDAQ:INCY) has declined 39.22% since April 24, 2017 and is downtrending. It has underperformed by 50.77% the S&P500.

Analysts await General Motors Company (NYSE:GM) to report earnings on April, 26 before the open. They expect $1.26 earnings per share, down 25.88% or $0.44 from last year’s $1.7 per share. GM’s profit will be $1.76 billion for 7.48 P/E if the $1.26 EPS becomes a reality. After $1.65 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts -23.64% negative EPS growth.

Investors sentiment increased to 0.9 in Q4 2017. Its up 0.03, from 0.87 in 2017Q3. It is positive, as 64 investors sold GM shares while 322 reduced holdings. 122 funds opened positions while 225 raised stakes. 999.45 million shares or 1.00% less from 1.01 billion shares in 2017Q3 were reported. New York-based Amalgamated Savings Bank has invested 0.18% in General Motors Company (NYSE:GM). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Corporation stated it has 42,900 shares. Westwood Hldg Group Inc has invested 0.01% in General Motors Company (NYSE:GM). Global X Mngmt Communications Ltd Co holds 31,914 shares or 0.03% of its portfolio. Advsr Capital Mngmt invested in 1.58% or 488,085 shares. Quinn Opportunity Prtnrs Ltd accumulated 3.61% or 535,000 shares. Kingstown Mgmt Lp holds 1.50 million shares or 7.23% of its portfolio. Janney Cap Mngmt Limited Liability Corporation invested in 449,744 shares. Endurance Wealth Mgmt Inc accumulated 0% or 300 shares. Franklin Resource stated it has 0.43% in General Motors Company (NYSE:GM). Kemnay Advisory Inc holds 0.56% or 30,729 shares in its portfolio. Btc Capital Management owns 101,818 shares. California State Teachers Retirement Sys owns 2.48 million shares. Fishman Jay A Ltd Mi has 63,800 shares. Envestnet Asset Mngmt reported 0.01% of its portfolio in General Motors Company (NYSE:GM).

Eqis Capital Management Inc, which manages about $779.38 million and $1.96 billion US Long portfolio, upped its stake in State Str Corp (NYSE:STT) by 4,775 shares to 15,838 shares, valued at $1.55 million in 2017Q4, according to the filing. It also increased its holding in Vertex Pharmaceuticals Inc (NASDAQ:VRTX) by 3,583 shares in the quarter, for a total of 17,469 shares, and has risen its stake in Synergy Res Corp Com (NYSEMKT:SYRG).

Among 29 analysts covering General Motors Company (NYSE:GM), 17 have Buy rating, 3 Sell and 9 Hold. Therefore 59% are positive. General Motors Company had 94 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Guggenheim on Wednesday, February 7 with “Buy”. The firm has “Neutral” rating by Nomura given on Thursday, February 8. The stock of General Motors Company (NYSE:GM) earned “Sector Perform” rating by RBC Capital Markets on Thursday, February 4. Citigroup maintained it with “Buy” rating and $70.0 target in Monday, February 12 report. The company was downgraded on Monday, October 30 by Goldman Sachs. Jefferies maintained General Motors Company (NYSE:GM) rating on Monday, June 12. Jefferies has “Hold” rating and $3600 target. The company was upgraded on Monday, January 11 by Credit Suisse. Jefferies maintained the shares of GM in report on Monday, October 30 with “Hold” rating. On Wednesday, October 25 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The firm has “Sell” rating by Berenberg given on Tuesday, November 22.

Since January 5, 2018, it had 0 buys, and 3 insider sales for $1.00 million activity. 6,760 shares valued at $668,361 were sold by GRYSKA DAVID W on Friday, January 5.

Among 27 analysts covering Incyte (NASDAQ:INCY), 20 have Buy rating, 0 Sell and 7 Hold. Therefore 74% are positive. Incyte had 88 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, January 2. Guggenheim downgraded the stock to “Neutral” rating in Friday, April 6 report. The firm has “Buy” rating given on Thursday, February 15 by Raymond James. The stock of Incyte Corporation (NASDAQ:INCY) has “Outperform” rating given on Tuesday, February 16 by Leerink Swann. The rating was maintained by Barclays Capital on Wednesday, August 2 with “Overweight”. As per Monday, April 9, the company rating was maintained by JP Morgan. The stock has “Hold” rating by Oppenheimer on Tuesday, July 25. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, July 13. BMO Capital Markets maintained Incyte Corporation (NASDAQ:INCY) rating on Monday, September 11. BMO Capital Markets has “Buy” rating and $163.0 target. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, November 21 report.

Investors sentiment increased to 1.06 in Q4 2017. Its up 0.02, from 1.04 in 2017Q3. It increased, as 59 investors sold INCY shares while 141 reduced holdings. 59 funds opened positions while 153 raised stakes. 191.73 million shares or 1.46% more from 188.97 million shares in 2017Q3 were reported. Cullen Frost Bankers owns 48,704 shares or 0.15% of their US portfolio. Sei Co stated it has 25,679 shares. Tarbox Family Office holds 0% or 25 shares in its portfolio. Great West Life Assurance Company Can stated it has 0.03% in Incyte Corporation (NASDAQ:INCY). Qs Limited Co reported 8,962 shares. Thomas J Herzfeld reported 242 shares or 0.01% of all its holdings. Magnetar Limited Liability Corporation invested 0.01% in Incyte Corporation (NASDAQ:INCY). Calamos invested in 21,954 shares. 830,948 are owned by Jennison Assoc Ltd. Westover Advsr Ltd holds 0.13% of its portfolio in Incyte Corporation (NASDAQ:INCY) for 2,410 shares. Weiss Asset Mgmt LP owns 10,249 shares or 0.08% of their US portfolio. Keybank Natl Association Oh owns 0% invested in Incyte Corporation (NASDAQ:INCY) for 3,536 shares. Wells Fargo Mn reported 0.02% in Incyte Corporation (NASDAQ:INCY). First Mercantile Trust reported 2,995 shares. Natl Bank Of America De holds 0.01% or 690,017 shares in its portfolio.

Incyte Corporation (NASDAQ:INCY) Institutional Positions Chart

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By1 Nellie Frank

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