Affinity Investment Advisors Holds Position in Cummins (CMI); Omeros (OMER) Stock Declined While Cormorant Asset Management Has Trimmed Its Holding

April 17, 2018 - By Henry Gaston

Cummins Inc. (NYSE:CMI) Logo

Affinity Investment Advisors Llc increased its stake in Cummins Inc (CMI) by 249.7% based on its latest 2017Q4 regulatory filing with the SEC. Affinity Investment Advisors Llc bought 34,046 shares as the company’s stock declined 9.68% with the market. The institutional investor held 47,681 shares of the industrial machinery and components company at the end of 2017Q4, valued at $8.42 million, up from 13,635 at the end of the previous reported quarter. Affinity Investment Advisors Llc who had been investing in Cummins Inc for a number of months, seems to be bullish on the $27.66 billion market cap company. The stock increased 0.83% or $1.38 during the last trading session, reaching $168.05. About 79,265 shares traded. Cummins Inc. (NYSE:CMI) has risen 6.07% since April 17, 2017 and is uptrending. It has underperformed by 5.48% the S&P500.

Cormorant Asset Management Llc decreased its stake in Omeros Corp (OMER) by 48.53% based on its latest 2017Q4 regulatory filing with the SEC. Cormorant Asset Management Llc sold 825,000 shares as the company’s stock declined 39.13% with the market. The hedge fund held 875,000 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $17.00M, down from 1.70 million at the end of the previous reported quarter. Cormorant Asset Management Llc who had been investing in Omeros Corp for a number of months, seems to be less bullish one the $693.39M market cap company. The stock increased 3.09% or $0.43 during the last trading session, reaching $14.36. About 133,416 shares traded. Omeros Corporation (NASDAQ:OMER) has declined 3.39% since April 17, 2017 and is downtrending. It has underperformed by 14.94% the S&P500.

Investors sentiment decreased to 1.3 in Q4 2017. Its down 1.56, from 2.86 in 2017Q3. It dived, as 14 investors sold OMER shares while 29 reduced holdings. 31 funds opened positions while 25 raised stakes. 21.94 million shares or 0.43% less from 22.04 million shares in 2017Q3 were reported. Usa Financial Portformulas accumulated 23,198 shares. Teacher Retirement Sys Of Texas reported 0% of its portfolio in Omeros Corporation (NASDAQ:OMER). 47,594 were reported by Millennium Mgmt Ltd Liability Co. Blackrock Incorporated reported 3.93 million shares. Cormorant Asset Mngmt Limited Liability reported 1.78% in Omeros Corporation (NASDAQ:OMER). Price T Rowe Associates Md has invested 0% of its portfolio in Omeros Corporation (NASDAQ:OMER). The Illinois-based Citadel Ltd Liability Corp has invested 0% in Omeros Corporation (NASDAQ:OMER). 114 are held by Envestnet Asset Inc. Manufacturers Life Ins The owns 65,197 shares. First Trust Advsrs Ltd Partnership has 0% invested in Omeros Corporation (NASDAQ:OMER) for 105,884 shares. Davenport & Lc reported 0.02% in Omeros Corporation (NASDAQ:OMER). 22,641 are held by Stoneridge Investment Partners Ltd Co. Northern holds 600,392 shares. Ellington Management Limited Company stated it has 15,500 shares. 2,779 are held by Zurcher Kantonalbank (Zurich Cantonalbank).

Cormorant Asset Management Llc, which manages about $841.40 million and $955.30M US Long portfolio, upped its stake in Mirati Therapeutics Inc (NASDAQ:MRTX) by 231,522 shares to 1.23 million shares, valued at $22.48 million in 2017Q4, according to the filing. It also increased its holding in Omeros Corp (Call) (NASDAQ:OMER) by 50,000 shares in the quarter, for a total of 1.75M shares, and has risen its stake in Audentes Therapeutics Inc.

Among 9 analysts covering Omeros (NASDAQ:OMER), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Omeros had 33 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Buy” rating by Needham given on Wednesday, November 11. The firm earned “Buy” rating on Thursday, March 22 by Maxim Group. Cantor Fitzgerald maintained Omeros Corporation (NASDAQ:OMER) on Tuesday, June 13 with “Hold” rating. Roth Capital initiated the shares of OMER in report on Monday, August 10 with “Buy” rating. As per Thursday, August 24, the company rating was maintained by Cantor Fitzgerald. The stock of Omeros Corporation (NASDAQ:OMER) has “Buy” rating given on Monday, August 31 by Needham. H.C. Wainwright maintained the stock with “Buy” rating in Wednesday, April 4 report. WBB Securities maintained the shares of OMER in report on Tuesday, June 13 with “Buy” rating. Needham maintained the shares of OMER in report on Thursday, November 10 with “Buy” rating. On Friday, March 2 the stock rating was downgraded by Needham to “Hold”.

Analysts await Omeros Corporation (NASDAQ:OMER) to report earnings on May, 9. They expect $-0.53 earnings per share, down 120.83% or $0.29 from last year’s $-0.24 per share. After $-0.25 actual earnings per share reported by Omeros Corporation for the previous quarter, Wall Street now forecasts 112.00% negative EPS growth.

Since January 3, 2018, it had 0 insider purchases, and 2 sales for $1.36 million activity. JACOBSEN MICHAEL A sold $22,899 worth of Omeros Corporation (NASDAQ:OMER) on Wednesday, January 3.

Investors sentiment increased to 1.27 in Q4 2017. Its up 0.17, from 1.1 in 2017Q3. It increased, as 47 investors sold CMI shares while 251 reduced holdings. 108 funds opened positions while 271 raised stakes. 131.82 million shares or 0.31% less from 132.23 million shares in 2017Q3 were reported. 23,344 were accumulated by Kepos Cap Limited Partnership. Agf Incorporated holds 0.01% or 7,558 shares in its portfolio. Pitcairn has invested 0.03% of its portfolio in Cummins Inc. (NYSE:CMI). Bbva Compass Bank reported 9,095 shares stake. Gateway Inv Advisers Ltd Liability Co holds 0.23% or 151,106 shares. Linscomb & Williams holds 0.32% in Cummins Inc. (NYSE:CMI) or 21,754 shares. Boston Advsrs Limited Liability owns 177,199 shares for 0.68% of their portfolio. Cedar Hill Associate Ltd Liability Com stated it has 0.05% in Cummins Inc. (NYSE:CMI). Staley Capital Advisers reported 2,430 shares. Prelude Cap Ltd Limited Liability Company holds 3,926 shares. State Of Alaska Department Of Revenue reported 0.13% in Cummins Inc. (NYSE:CMI). Weaver C Barksdale & Assoc stated it has 9,792 shares. Clearbridge Ltd Liability Co stated it has 235 shares. Investec Asset Limited owns 1.4% invested in Cummins Inc. (NYSE:CMI) for 1.92M shares. 1,162 were reported by Cadence Comml Bank Na.

Among 30 analysts covering Cummins (NYSE:CMI), 10 have Buy rating, 1 Sell and 19 Hold. Therefore 33% are positive. Cummins had 105 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, July 10 by RBC Capital Markets. As per Wednesday, October 28, the company rating was downgraded by Robert W. Baird. On Wednesday, February 7 the stock rating was maintained by Credit Suisse with “Outperform”. The stock has “Hold” rating by RBC Capital Markets on Thursday, March 23. Robert W. Baird maintained the stock with “Sell” rating in Wednesday, November 1 report. The firm has “Buy” rating given on Tuesday, October 11 by Goldman Sachs. Standpoint Research upgraded the stock to “Buy” rating in Friday, August 21 report. The stock of Cummins Inc. (NYSE:CMI) has “Equal Weight” rating given on Monday, January 9 by Barclays Capital. The rating was maintained by Deutsche Bank on Wednesday, November 11 with “Hold”. The firm earned “Market Perform” rating on Wednesday, November 8 by BMO Capital Markets.

Cummins Inc. (NYSE:CMI) Institutional Positions Chart

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