Telemus Capital Has Lifted Holding in Lannet (LCI) by $39.16 Million; Apple Com (AAPL) Share Price Rose While Sterling Capital Management Has Trimmed Its Position

February 17, 2018 - By Nellie Frank

Telemus Capital Llc increased its stake in Lannet Inc (LCI) by 36.14% based on its latest 2017Q3 regulatory filing with the SEC. Telemus Capital Llc bought 2.18 million shares as the company’s stock declined 10.94% while stock markets rallied. The institutional investor held 8.20M shares of the major pharmaceuticals company at the end of 2017Q3, valued at $151.21M, up from 6.02M at the end of the previous reported quarter. Telemus Capital Llc who had been investing in Lannet Inc for a number of months, seems to be bullish on the $645.23 million market cap company. The stock decreased 3.67% or $0.65 during the last trading session, reaching $17.05. About 641,741 shares traded. Lannett Company, Inc. (NYSE:LCI) has declined 2.16% since February 17, 2017 and is downtrending. It has underperformed by 18.86% the S&P500.

Sterling Capital Management Llc decreased its stake in Apple Inc Com (AAPL) by 3.27% based on its latest 2017Q3 regulatory filing with the SEC. Sterling Capital Management Llc sold 7,586 shares as the company’s stock rose 12.78% with the market. The institutional investor held 224,095 shares of the computer manufacturing company at the end of 2017Q3, valued at $34.54 million, down from 231,681 at the end of the previous reported quarter. Sterling Capital Management Llc who had been investing in Apple Inc Com for a number of months, seems to be less bullish one the $874.91 billion market cap company. The stock decreased 0.32% or $0.56 during the last trading session, reaching $172.43. About 40.18 million shares traded or 18.57% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 17, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Since December 13, 2017, it had 0 insider purchases, and 2 insider sales for $255,620 activity.

Among 11 analysts covering Lannett (NYSE:LCI), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. Lannett had 30 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Lannett Company, Inc. (NYSE:LCI) earned “Buy” rating by Roth Capital on Tuesday, August 22. Oppenheimer maintained the stock with “Hold” rating in Wednesday, August 23 report. The stock of Lannett Company, Inc. (NYSE:LCI) has “Hold” rating given on Wednesday, June 29 by Deutsche Bank. Craig Hallum downgraded the shares of LCI in report on Thursday, November 5 to “Hold” rating. The rating was downgraded by Canaccord Genuity on Thursday, March 24 to “Sell”. Craig Hallum maintained the shares of LCI in report on Thursday, August 27 with “Buy” rating. Roth Capital maintained the shares of LCI in report on Thursday, March 24 with “Buy” rating. As per Thursday, September 3, the company rating was maintained by TH Capital. Roth Capital maintained the shares of LCI in report on Friday, March 11 with “Buy” rating. Roth Capital maintained the stock with “Buy” rating in Wednesday, February 7 report.

Telemus Capital Llc, which manages about $2.42B and $857.31M US Long portfolio, decreased its stake in Lululemon Athletica Inc (NASDAQ:LULU) by 7,500 shares to 25,125 shares, valued at $1.56M in 2017Q3, according to the filing. It also reduced its holding in Broadcom Ltd by 1,757 shares in the quarter, leaving it with 14,602 shares, and cut its stake in Ansys Inc (NASDAQ:ANSS).

Investors sentiment increased to 1.48 in Q3 2017. Its up 0.60, from 0.88 in 2017Q2. It improved, as 13 investors sold LCI shares while 37 reduced holdings. 24 funds opened positions while 50 raised stakes. 27.62 million shares or 13.83% less from 32.05 million shares in 2017Q2 were reported. Endurant Cap Limited Partnership invested in 28,000 shares or 0.16% of the stock. 13,000 were accumulated by J Goldman And Ltd Partnership. Parametric Portfolio Associate Lc reported 444,557 shares or 0.01% of all its holdings. Sg Americas Securities Limited Liability Corporation invested 0.01% of its portfolio in Lannett Company, Inc. (NYSE:LCI). Amer Intl Group reported 22,494 shares. Guggenheim Cap Limited Liability, a Illinois-based fund reported 66,454 shares. Rbf Ltd holds 0.09% or 40,000 shares. State Of Alaska Department Of Revenue owns 5,813 shares for 0.01% of their portfolio. Rhumbline Advisers holds 0% or 62,715 shares. Pinnacle Hldg Ltd Liability invested 0.3% in Lannett Company, Inc. (NYSE:LCI). D E Shaw & Incorporated invested in 16,106 shares or 0% of the stock. Pnc Fincl Grp Inc Incorporated stated it has 0% of its portfolio in Lannett Company, Inc. (NYSE:LCI). First Trust Advsrs Lp accumulated 25,806 shares. Citigroup Incorporated holds 56,188 shares or 0% of its portfolio. Voya Invest Ltd Co owns 46,757 shares or 0% of their US portfolio.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 34 have Buy rating, 1 Sell and 18 Hold. Therefore 64% are positive. Apple Inc. had 378 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Nomura on Tuesday, December 19 to “Hold”. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Monday, June 26 by RBC Capital Markets. The firm earned “Overweight” rating on Wednesday, October 26 by Barclays Capital. The company was maintained on Tuesday, November 21 by Rosenblatt. On Tuesday, September 22 the stock rating was initiated by Goldman Sachs with “Buy”. As per Friday, September 4, the company rating was maintained by Oppenheimer. As per Friday, February 2, the company rating was downgraded by Bernstein. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Wednesday, August 2 by UBS. The firm earned “Outperform” rating on Thursday, January 7 by RBC Capital Markets. The rating was maintained by Barclays Capital on Wednesday, August 2 with “Equal-Weight”.

Sterling Capital Management Llc, which manages about $45.64 billion and $10.63B US Long portfolio, upped its stake in Weyerhaeuser Co (NYSE:WY) by 106,403 shares to 160,786 shares, valued at $5.47 million in 2017Q3, according to the filing. It also increased its holding in Expedia Inc Del Com (NASDAQ:EXPE) by 6,215 shares in the quarter, for a total of 30,570 shares, and has risen its stake in Class A.

Since August 15, 2017, it had 0 buys, and 7 insider sales for $70.47 million activity. Riccio Daniel J. sold $2.42M worth of Apple Inc. (NASDAQ:AAPL) on Thursday, October 5. On Tuesday, October 3 the insider SCHILLER PHILIP W sold $8.79M. AHRENDTS ANGELA J had sold 63,388 shares worth $9.78 million. Another trade for 6,209 shares valued at $1.01 million was sold by KONDO CHRIS. $43.15 million worth of Apple Inc. (NASDAQ:AAPL) shares were sold by COOK TIMOTHY D.

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It increased, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Capital Rech Global owns 27.96 million shares or 1.3% of their US portfolio. Ent Serv Corp invested 0.94% of its portfolio in Apple Inc. (NASDAQ:AAPL). Mcf Advsrs Lc accumulated 13,369 shares. Wilbanks Smith Thomas Asset Mngmt Ltd Llc has 119,348 shares for 1.55% of their portfolio. Muhlenkamp & has invested 7.15% in Apple Inc. (NASDAQ:AAPL). 89,894 were reported by Train Babcock Limited Liability Corp. 134,480 are held by Flossbach Von Storch Ag. Glenview Cap Ltd Liability has 2.23% invested in Apple Inc. (NASDAQ:AAPL) for 2.49M shares. Hamel Inc reported 3.79% of its portfolio in Apple Inc. (NASDAQ:AAPL). Origin Asset Mngmt Llp invested in 1.54% or 162,830 shares. Sigma Investment Counselors has invested 1.01% in Apple Inc. (NASDAQ:AAPL). South Street Ltd Company has invested 2.82% in Apple Inc. (NASDAQ:AAPL). Bancorpsouth holds 0.86% or 56,789 shares in its portfolio. Barr E S And has invested 0.97% of its portfolio in Apple Inc. (NASDAQ:AAPL). Brown Advisory invested 1.1% in Apple Inc. (NASDAQ:AAPL).

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By1 Nellie Frank

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