Ballentine Partners Has Cut Novartis A G (NVS) Holding By $308,808, Shorts at GUNGNIR RESOURCES (ASWRF) Raised By 200%

June 19, 2017 - By Peter Erickson

Ballentine Partners Llc decreased Novartis A G (NVS) stake by 86.42% reported in 2016Q4 SEC filing. Ballentine Partners Llc sold 4,289 shares as Novartis A G (NVS)’s stock rose 4.17%. The Ballentine Partners Llc holds 674 shares with $49,000 value, down from 4,963 last quarter. Novartis A G now has $211.34 billion valuation. The stock rose 0.35% or $0.28 reaching $81.11. About 211,363 shares traded. Novartis AG (ADR) (NYSE:NVS) has risen 7.67% since June 19, 2016 and is uptrending. It has underperformed by 9.03% the S&P500.

GUNGNIR RESOURCES (OTCMKTS:ASWRF) had an increase of 200% in short interest. ASWRF’s SI was 14,100 shares in June as released by FINRA. Its up 200% from 4,700 shares previously. With 131,000 avg volume, 0 days are for GUNGNIR RESOURCES (OTCMKTS:ASWRF)’s short sellers to cover ASWRF’s short positions. It is 0.00% or $0 reaching $0.05 per share. It is down 0.00% since June 19, 2016 and is . It has underperformed by 16.70% the S&P500.

Among 14 analysts covering Novartis Ag (NYSE:NVS), 4 have Buy rating, 2 Sell and 8 Hold. Therefore 29% are positive. Novartis Ag had 22 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Novartis AG (ADR) (NYSE:NVS) earned “Underperform” rating by Morgan Stanley on Tuesday, April 12. As per Wednesday, March 23, the company rating was downgraded by Leerink Swann. Chardan Capital Markets maintained Novartis AG (ADR) (NYSE:NVS) on Monday, October 10 with “Buy” rating. The rating was downgraded by UBS on Friday, April 1 to “Neutral”. Argus Research upgraded Novartis AG (ADR) (NYSE:NVS) on Thursday, November 10 to “Buy” rating. The rating was initiated by Chardan Capital Markets with “Buy” on Tuesday, September 20. JP Morgan maintained the shares of NVS in report on Wednesday, April 19 with “Neutral” rating. The rating was upgraded by Societe Generale to “Buy” on Wednesday, March 8. The company was downgraded on Tuesday, January 3 by JP Morgan. The rating was maintained by JP Morgan on Friday, March 24 with “Neutral”.

Ballentine Partners Llc increased Visa Inc (NYSE:V) stake by 7,959 shares to 15,713 valued at $1.21M in 2016Q4. It also upped Vanguard Whitehall Fds Inc (VYM) stake by 7,308 shares and now owns 15,218 shares. Yum Brands Inc (NYSE:YUM) was raised too.

Analysts await Novartis AG (ADR) (NYSE:NVS) to report earnings on July, 18. They expect $1.18 earnings per share, down 3.28% or $0.04 from last year’s $1.22 per share. NVS’s profit will be $3.07 billion for 17.18 P/E if the $1.18 EPS becomes a reality. After $1.13 actual earnings per share reported by Novartis AG (ADR) for the previous quarter, Wall Street now forecasts 4.42% EPS growth.

Gungnir Resources Inc. is a mineral exploration company. The company has market cap of $3.56 million. The Firm is in the business of the acquisition, evaluation and exploration of mineral properties, and intends to advance them to a stage where they can be exploited at a profit, or offered for sale or option. It currently has negative earnings. The Company’s divisions include the Canadian and the Sweden exploration operations.

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