Cowen (COWN) Reaches $15.85 After 8.00% Up Move; Cullen Capital Management Lifted Its Elbit Systems LTD (ESLT) Stake

August 10, 2017 - By test

The stock of Cowen Inc (NASDAQ:COWN) is a huge mover today! About 92,598 shares traded. Cowen Inc (NASDAQ:COWN) has risen 22.52% since August 10, 2016 and is uptrending. It has outperformed by 5.82% the S&P500.The move comes after 7 months positive chart setup for the $601.02 million company. It was reported on Aug, 10 by We have $17.12 PT which if reached, will make NASDAQ:COWN worth $48.08 million more.

Cullen Capital Management Llc increased Elbit Systems Ltd. (ESLT) stake by 20.79% reported in 2016Q4 SEC filing. Cullen Capital Management Llc acquired 15,000 shares as Elbit Systems Ltd. (ESLT)’s stock rose 1.31%. The Cullen Capital Management Llc holds 87,145 shares with $8.82 million value, up from 72,145 last quarter. Elbit Systems Ltd. now has $5.39B valuation. The stock declined 3.02% or $3.95 reaching $126.72 on the news. About 18,092 shares traded. Elbit Systems Ltd (NASDAQ:ESLT) has risen 30.37% since August 10, 2016 and is uptrending. It has outperformed by 13.67% the S&P500.

Investors sentiment decreased to 0 in 2016 Q4. Its down 1.02, from 1.02 in 2016Q3. It worsened, as 94 investors sold Cowen Inc shares while 2 reduced holdings. 0 funds opened positions while 0 raised stakes. 54,797 shares or 99.95% less from 105.60 million shares in 2016Q3 were reported. Greenwich Wealth Mgmt Llc holds 44,797 shares. Georgia-based Cacti Asset Limited Liability Co has invested 0.01% in Cowen Inc (NASDAQ:COWN).

Cowen Inc., formerly Cowen Group, Inc., is a financial services company. The company has market cap of $601.02 million. The Firm provides alternative investment management, investment banking, research, sales and trading, and prime brokerage services. It currently has negative earnings. It operates through two divisions: alternative investment and broker-dealer.

Cullen Capital Management Llc decreased Borregaard As stake by 50,000 shares to 294,350 valued at $2.67M in 2016Q4. It also reduced Merck & Co. Inc. (NYSE:MRK) stake by 155,260 shares and now owns 1.33 million shares. Johnson & Johnson (NYSE:JNJ) was reduced too.

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