Cerecor Inc. (CERC) Reaches $2.66 After 8.00% Down Move; Sasco Capital Has Trimmed Its Dominion Energy (D) Holding

January 12, 2018 - By Hazel Jackson

The stock of Cerecor Inc. (NASDAQ:CERC) is a huge mover today! The stock decreased 1.39% or $0.0376 during the last trading session, reaching $2.6624. About 313,982 shares traded. Cerecor Inc. (NASDAQ:CERC) has declined 81.69% since January 12, 2017 and is downtrending. It has underperformed by 98.39% the S&P500.The move comes after 5 months negative chart setup for the $83.17 million company. It was reported on Jan, 12 by Barchart.com. We have $2.45 PT which if reached, will make NASDAQ:CERC worth $6.65 million less.

Sasco Capital Inc decreased Dominion Energy Inc (D) stake by 26.95% reported in 2017Q3 SEC filing. Sasco Capital Inc sold 548,027 shares as Dominion Energy Inc (D)’s stock rose 6.53%. The Sasco Capital Inc holds 1.49 million shares with $114.25M value, down from 2.03M last quarter. Dominion Energy Inc now has $49.00B valuation. The stock decreased 0.09% or $0.07 during the last trading session, reaching $76.14. About 1.94 million shares traded. Dominion Energy, Inc. (NYSE:D) has risen 10.88% since January 12, 2017 and is uptrending. It has underperformed by 5.82% the S&P500.

Analysts await Cerecor Inc. (NASDAQ:CERC) to report earnings on March, 13. They expect $-0.13 earnings per share, up 27.78% or $0.05 from last year’s $-0.18 per share. After $0.52 actual earnings per share reported by Cerecor Inc. for the previous quarter, Wall Street now forecasts -125.00% negative EPS growth.

Among 2 analysts covering Cerecor (NASDAQ:CERC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Cerecor had 2 analyst reports since December 9, 2015 according to SRatingsIntel. Laidlaw initiated it with “Buy” rating and $10 target in Wednesday, December 9 report. Rodman & Renshaw downgraded the stock to “Neutral” rating in Monday, December 12 report.

Cerecor Inc., a clinical-stage biopharmaceutical company, develops drugs to treat patients with neurological and psychiatric disorders. The company has market cap of $83.17 million. It develops CERC-501, which has completed Phase II clinical trial for the adjunctive treatment of major depressive disorder , as well as to treat substance use disorders; CERC-301 that has completed Phase II clinical trial for the adjunctive treatment of patients with MDD; and CERC-406 that is in preclinical stage to treat residual cognitive impairment symptoms in patients with MDD. It has a 2.7 P/E ratio. Cerecor Inc. also intends to develop CERC-611, a drug candidate for the treatment of partial-onset seizures in epilepsy.

Investors sentiment increased to 1.16 in Q3 2017. Its up 0.01, from 1.15 in 2017Q2. It is positive, as 51 investors sold D shares while 282 reduced holdings. 70 funds opened positions while 316 raised stakes. 410.35 million shares or 0.47% more from 408.41 million shares in 2017Q2 were reported. Blair William & Com Il has invested 0.02% in Dominion Energy, Inc. (NYSE:D). E&G Advsr LP owns 3,600 shares for 0.13% of their portfolio. Ifc Fl has 0.04% invested in Dominion Energy, Inc. (NYSE:D). Brighton Jones Llc stated it has 0.05% of its portfolio in Dominion Energy, Inc. (NYSE:D). Virtus Invest Advisers holds 37,846 shares. The Kansas-based Intrust Comml Bank Na has invested 0.13% in Dominion Energy, Inc. (NYSE:D). Sun Life Inc has 9,831 shares for 0.07% of their portfolio. Jefferies Grp Limited Liability Corp holds 0.01% of its portfolio in Dominion Energy, Inc. (NYSE:D) for 12,880 shares. 77,493 are held by Farmers Merchants. Hbk Sorce Advisory Ltd Llc holds 0.14% in Dominion Energy, Inc. (NYSE:D) or 11,935 shares. Natixis Asset Mngmt holds 0.06% or 8,463 shares. Deutsche Natl Bank Ag reported 5.62 million shares. Pinnacle Assocs Limited holds 5,490 shares. Fiduciary Tru reported 0.03% stake. Gulf Intl National Bank & Trust (Uk) Limited invested in 199,971 shares or 0.21% of the stock.

Analysts await Dominion Energy, Inc. (NYSE:D) to report earnings on February, 7. They expect $0.89 earnings per share, down 10.10% or $0.10 from last year’s $0.99 per share. D’s profit will be $572.74 million for 21.39 P/E if the $0.89 EPS becomes a reality. After $1.04 actual earnings per share reported by Dominion Energy, Inc. for the previous quarter, Wall Street now forecasts -14.42% negative EPS growth.

Among 19 analysts covering Dominion Midstream (NYSE:D), 9 have Buy rating, 1 Sell and 9 Hold. Therefore 47% are positive. Dominion Midstream had 36 analyst reports since July 23, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Sunday, September 24 report. The firm has “Sell” rating by Goldman Sachs given on Friday, September 11. As per Thursday, July 23, the company rating was initiated by DA Davidson. Deutsche Bank maintained the stock with “Hold” rating in Thursday, August 3 report. The firm earned “Buy” rating on Wednesday, January 3 by Bank of America. UBS downgraded the shares of D in report on Friday, January 29 to “Neutral” rating. Bank of America upgraded the stock to “Buy” rating in Wednesday, November 22 report. The stock of Dominion Energy, Inc. (NYSE:D) has “Hold” rating given on Monday, April 3 by Tudor Pickering. The firm earned “Sector Outperform” rating on Tuesday, November 17 by Scotia Capital. The stock has “Overweight” rating by JP Morgan on Thursday, December 14.

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