Lockheed Martin Investment Management Company Cut Its Shire Plc (SHPG) Holding, Investment Technology Group (ITG) Sentiment Is 0.96

June 19, 2017 - By Michael Collier

Lockheed Martin Investment Management Company decreased Shire Plc (SHPG) stake by 57.14% reported in 2016Q4 SEC filing. Lockheed Martin Investment Management Company sold 16,000 shares as Shire Plc (SHPG)’s stock rose 4.45%. The Lockheed Martin Investment Management Company holds 12,000 shares with $2.05 million value, down from 28,000 last quarter. Shire Plc now has $50.54 billion valuation. The stock rose 0.59% or $0.98 reaching $165.7. About 658,241 shares traded. Shire PLC (ADR) (NASDAQ:SHPG) has risen 4.69% since June 19, 2016 and is uptrending. It has underperformed by 12.01% the S&P500.

Investment Technology Group, Inc. is a financial technology firm that helps brokers and asset managers improve returns for investors around the world. The company has market cap of $711.36 million. The Firm operates through four divisions: U.S. It currently has negative earnings. Operations, Canadian Operations, European Operations and Asia Pacific Operations.

Philadelphia Financial Management Of San Francisco Llc holds 3.44% of its portfolio in Investment Technology Group for 771,983 shares. Tieton Capital Management Llc owns 81,613 shares or 1.26% of their US portfolio. Moreover, Madden Advisory Services Inc. has 0.73% invested in the company for 54,580 shares. The California-based Fuller & Thaler Asset Management Inc. has invested 0.56% in the stock. Frontier Capital Management Co Llc, a Massachusetts-based fund reported 1.90 million shares.

Analysts await Investment Technology Group (NYSE:ITG) to report earnings on July, 27. They expect $0.13 EPS, up 750.00% or $0.15 from last year’s $-0.02 per share. ITG’s profit will be $4.26M for 41.71 P/E if the $0.13 EPS becomes a reality. After $0.16 actual EPS reported by Investment Technology Group for the previous quarter, Wall Street now forecasts -18.75% negative EPS growth.

About 64,996 shares traded. Investment Technology Group (ITG) has risen 12.80% since June 19, 2016 and is uptrending. It has underperformed by 3.90% the S&P500.

Among 20 analysts covering Shire plc (ADR) (NASDAQ:SHPG), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Shire plc (ADR) had 32 analyst reports since July 22, 2015 according to SRatingsIntel. JP Morgan maintained Shire PLC (ADR) (NASDAQ:SHPG) on Friday, May 20 with “Overweight” rating. The stock has “Buy” rating by Stifel Nicolaus on Thursday, May 26. The firm earned “Buy” rating on Tuesday, November 3 by HSBC. As per Tuesday, January 12, the company rating was upgraded by Credit Suisse. The firm has “Buy” rating by Goldman Sachs given on Tuesday, June 28. The stock of Shire PLC (ADR) (NASDAQ:SHPG) has “Outperform” rating given on Wednesday, October 14 by Northland Capital. On Thursday, August 6 the stock rating was downgraded by BNP Paribas to “Neutral”. Leerink Swann upgraded the shares of SHPG in report on Tuesday, November 17 to “Outperform” rating. The firm earned “Buy” rating on Wednesday, May 31 by Cowen & Co. Bank of America upgraded the stock to “Buy” rating in Monday, January 18 report.

Lockheed Martin Investment Management Company increased Russell 2000 Index Fund (IWM) stake by 7,428 shares to 65,564 valued at $8.84M in 2016Q4. It also upped Ishares S&P 500 Growth Etf (IVW) stake by 18,641 shares and now owns 34,878 shares. Cl A was raised too.

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