As Amgen (AMGN) Market Valuation Declined, Davidson Investment Advisors Has Raised Position; Virtus Invt Partners (VRTS) Shareholder Mangrove Partners Has Raised Stake

February 17, 2018 - By Marie Mckinney

Davidson Investment Advisors increased its stake in Amgen Inc (AMGN) by 45.44% based on its latest 2017Q3 regulatory filing with the SEC. Davidson Investment Advisors bought 17,988 shares as the company’s stock declined 9.68% while stock markets rallied. The institutional investor held 57,573 shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $10.73 million, up from 39,585 at the end of the previous reported quarter. Davidson Investment Advisors who had been investing in Amgen Inc for a number of months, seems to be bullish on the $132.26 billion market cap company. The stock decreased 0.03% or $0.05 during the last trading session, reaching $183.55. About 4.37 million shares traded or 29.78% up from the average. Amgen Inc. (NASDAQ:AMGN) has risen 5.27% since February 17, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.

Nathaniel August increased its stake in Virtus Invt Partners Inc (VRTS) by 9.82% based on its latest 2017Q3 regulatory filing with the SEC. Mangrove Partners bought 4,412 shares as the company’s stock declined 6.49% while stock markets rallied. The hedge fund run by Nathaniel August held 49,344 shares of the finance company at the end of 2017Q3, valued at $5.73 million, up from 44,932 at the end of the previous reported quarter. Mangrove Partners who had been investing in Virtus Invt Partners Inc for a number of months, seems to be bullish on the $901.91M market cap company. The stock increased 0.20% or $0.25 during the last trading session, reaching $126. About 166,319 shares traded or 189.63% up from the average. Virtus Investment Partners, Inc. (NASDAQ:VRTS) has risen 32.74% since February 17, 2017 and is uptrending. It has outperformed by 16.04% the S&P500.

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.16, from 1.15 in 2017Q2. It dropped, as 58 investors sold AMGN shares while 511 reduced holdings. 108 funds opened positions while 453 raised stakes. 555.05 million shares or 0.41% less from 557.32 million shares in 2017Q2 were reported. Greatmark Investment Partners Inc holds 0.09% or 1,320 shares in its portfolio. Associated Banc owns 23,833 shares or 0.25% of their US portfolio. Nippon Life Global Investors Americas Inc invested 1.05% in Amgen Inc. (NASDAQ:AMGN). Bernzott owns 0.03% invested in Amgen Inc. (NASDAQ:AMGN) for 1,310 shares. Atlantic Trust Group invested in 286,081 shares or 0.24% of the stock. Daiwa Sb Invests Ltd has invested 0.12% in Amgen Inc. (NASDAQ:AMGN). Bridgecreek Inv Management Ltd holds 0.48% or 9,435 shares. Grimes & invested in 1.07% or 53,790 shares. Eagleclaw Managment Limited Liability Company owns 1,350 shares for 0.14% of their portfolio. Aviance Lc accumulated 31,041 shares or 1.96% of the stock. Numeric Investors Ltd Limited Liability Company stated it has 711,452 shares or 1.02% of all its holdings. Sii Invests Wi invested in 0.11% or 10,045 shares. Nadler Financial Group accumulated 1,592 shares or 0.1% of the stock. Alpha Cubed Invests Ltd Liability holds 88,352 shares or 2.48% of its portfolio. Dana Invest Inc reported 1.41% of its portfolio in Amgen Inc. (NASDAQ:AMGN).

Since October 9, 2017, it had 0 insider buys, and 3 selling transactions for $836,311 activity.

Among 25 analysts covering Amgen Inc. (NASDAQ:AMGN), 11 have Buy rating, 0 Sell and 14 Hold. Therefore 44% are positive. Amgen Inc. had 86 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was initiated by Bernstein on Wednesday, June 29 with “Market Perform”. The stock of Amgen Inc. (NASDAQ:AMGN) has “Buy” rating given on Friday, July 14 by Mizuho. The rating was maintained by Oppenheimer with “Buy” on Friday, July 21. On Friday, July 29 the stock rating was maintained by Citigroup with “Neutral”. The rating was maintained by RBC Capital Markets on Monday, January 22 with “Hold”. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, December 15. The company was upgraded on Thursday, November 5 by Piper Jaffray. As per Friday, August 21, the company rating was upgraded by Vetr. The stock of Amgen Inc. (NASDAQ:AMGN) has “Buy” rating given on Monday, June 5 by Oppenheimer. As per Friday, February 2, the company rating was maintained by Morgan Stanley.

Among 9 analysts covering Virtus Investment Partners (NASDAQ:VRTS), 1 have Buy rating, 0 Sell and 8 Hold. Therefore 11% are positive. Virtus Investment Partners had 35 analyst reports since August 4, 2015 according to SRatingsIntel. Goldman Sachs upgraded Virtus Investment Partners, Inc. (NASDAQ:VRTS) rating on Tuesday, January 9. Goldman Sachs has “Hold” rating and $130.0 target. The firm earned “Hold” rating on Tuesday, November 14 by Jefferies. Morgan Stanley maintained the shares of VRTS in report on Monday, July 17 with “Equal-Weight” rating. Barclays Capital maintained Virtus Investment Partners, Inc. (NASDAQ:VRTS) rating on Monday, February 5. Barclays Capital has “Equal-Weight” rating and $140 target. Sandler O’Neill maintained Virtus Investment Partners, Inc. (NASDAQ:VRTS) on Monday, February 5 with “Hold” rating. The rating was upgraded by Sandler O’Neill on Monday, November 2 to “Hold”. The rating was upgraded by Bank of America on Monday, October 9 to “Neutral”. The firm has “Underperform” rating given on Tuesday, January 31 by Bank of America. The stock of Virtus Investment Partners, Inc. (NASDAQ:VRTS) earned “Hold” rating by Jefferies on Monday, September 25. The rating was downgraded by Sandler O’Neill on Tuesday, September 1 to “Hold”.

Investors sentiment decreased to 1.36 in 2017 Q3. Its down 0.64, from 2 in 2017Q2. It dropped, as 12 investors sold VRTS shares while 32 reduced holdings. 16 funds opened positions while 44 raised stakes. 6.65 million shares or 1.17% less from 6.73 million shares in 2017Q2 were reported. Warren Averett Asset Management Limited Liability Corp has invested 0.05% of its portfolio in Virtus Investment Partners, Inc. (NASDAQ:VRTS). Public Sector Pension Invest Board accumulated 0% or 4,547 shares. Moreover, Ny State Teachers Retirement has 0% invested in Virtus Investment Partners, Inc. (NASDAQ:VRTS). Tiaa Cref Invest Mngmt Ltd Liability Corporation accumulated 17,667 shares. Dimensional Fund Lp holds 475,167 shares or 0.02% of its portfolio. Moreover, Invesco has 0% invested in Virtus Investment Partners, Inc. (NASDAQ:VRTS). Cna Fincl owns 14,087 shares. Ameriprise has invested 0% of its portfolio in Virtus Investment Partners, Inc. (NASDAQ:VRTS). Assetmark holds 41 shares. Ubs Asset Mgmt Americas owns 0% invested in Virtus Investment Partners, Inc. (NASDAQ:VRTS) for 4,653 shares. Envestnet Asset Management has invested 0% of its portfolio in Virtus Investment Partners, Inc. (NASDAQ:VRTS). Legal And General Gp Public Limited has invested 0% in Virtus Investment Partners, Inc. (NASDAQ:VRTS). Bartlett & Ltd Liability has invested 0% in Virtus Investment Partners, Inc. (NASDAQ:VRTS). Manufacturers Life The invested in 0% or 5,268 shares. Morgan Stanley stated it has 0% of its portfolio in Virtus Investment Partners, Inc. (NASDAQ:VRTS).

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