Beach Investment Counsel Has Increased Its Teekay Lng Partners (TGP) Position; Amarin Plc – American Depositary Share (AMRN) Shorts Decreased By 1.46%

April 17, 2018 - By Hazel Jackson

Amarin Corporation plc (NASDAQ:AMRN) Logo

Beach Investment Counsel Inc increased Teekay Lng Partners (TGP) stake by 534.4% reported in 2017Q4 SEC filing. Beach Investment Counsel Inc acquired 182,272 shares as Teekay Lng Partners (TGP)’s stock declined 11.22%. The Beach Investment Counsel Inc holds 216,380 shares with $4.36M value, up from 34,108 last quarter. Teekay Lng Partners now has $1.45B valuation. The stock increased 0.27% or $0.05 during the last trading session, reaching $18.25. About 123,424 shares traded. Teekay LNG Partners L.P. (NYSE:TGP) has risen 6.59% since April 17, 2017 and is uptrending. It has underperformed by 4.96% the S&P500.

Amarin Corporation Plc – American Depositary Share (NASDAQ:AMRN) had a decrease of 1.46% in short interest. AMRN’s SI was 7.63 million shares in April as released by FINRA. Its down 1.46% from 7.75M shares previously. With 2.22 million avg volume, 3 days are for Amarin Corporation Plc – American Depositary Share (NASDAQ:AMRN)’s short sellers to cover AMRN’s short positions. The SI to Amarin Corporation Plc – American Depositary Share’s float is 3.88%. The stock increased 0.33% or $0.01 during the last trading session, reaching $3.04. About 1.10M shares traded. Amarin Corporation plc (NASDAQ:AMRN) has declined 5.57% since April 17, 2017 and is downtrending. It has underperformed by 17.12% the S&P500.

Beach Investment Counsel Inc decreased Magellan Midstream Partners L (NYSE:MMP) stake by 8,880 shares to 745,651 valued at $52.90M in 2017Q4. It also reduced Pepsico (NYSE:PEP) stake by 2,810 shares and now owns 109,290 shares. Delta Airlines (NYSE:DAL) was reduced too.

Among 9 analysts covering Teekay LNG Partners L.P. (NYSE:TGP), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Teekay LNG Partners L.P. had 25 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Teekay LNG Partners L.P. (NYSE:TGP) earned “Buy” rating by UBS on Friday, November 10. The firm has “Hold” rating by Stifel Nicolaus given on Monday, November 21. The firm earned “Hold” rating on Thursday, July 6 by Stifel Nicolaus. On Friday, August 4 the stock rating was maintained by Jefferies with “Hold”. The firm has “” rating given on Friday, August 7 by UBS. Jefferies initiated the stock with “Hold” rating in Monday, December 18 report. RBC Capital Markets maintained the shares of TGP in report on Friday, June 16 with “Hold” rating. As per Thursday, September 7, the company rating was maintained by Stifel Nicolaus. Citigroup maintained it with “Neutral” rating and $19 target in Tuesday, February 13 report. As per Thursday, December 17, the company rating was downgraded by Seaport Global Securities.

Investors sentiment decreased to 1.22 in Q4 2017. Its down 0.26, from 1.48 in 2017Q3. It fall, as 11 investors sold Amarin Corporation plc shares while 26 reduced holdings. 20 funds opened positions while 25 raised stakes. 110.54 million shares or 2.98% more from 107.35 million shares in 2017Q3 were reported. State Street stated it has 256,678 shares or 0% of all its holdings. Perkins Management holds 52,400 shares. The Colorado-based Shine Advisory Service Incorporated has invested 0% in Amarin Corporation plc (NASDAQ:AMRN). Tower Rech Capital Ltd Liability Com (Trc) reported 105 shares. Benjamin F Edwards & Com reported 400 shares. 3.95M were accumulated by Rock Springs Capital Mgmt Lp. Financial Architects holds 0.01% in Amarin Corporation plc (NASDAQ:AMRN) or 10,000 shares. Great Point Ltd Limited Liability Company accumulated 1.06 million shares. Citigroup, New York-based fund reported 12,291 shares. Mariner Wealth Advsrs Limited Company reported 83,557 shares. Hanson Doremus Inv Management has 540 shares for 0% of their portfolio. Geode Ltd Liability accumulated 241,576 shares. Tekla Mngmt Ltd holds 0.15% or 956,300 shares. 276,083 were accumulated by Barclays Public Limited Company. The California-based California Pub Employees Retirement System has invested 0% in Amarin Corporation plc (NASDAQ:AMRN).

Among 4 analysts covering Amarin Corp (NASDAQ:AMRN), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Amarin Corp had 14 analyst reports since May 12, 2016 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Wednesday, October 19. The stock of Amarin Corporation plc (NASDAQ:AMRN) has “Buy” rating given on Wednesday, October 5 by Cantor Fitzgerald. As per Wednesday, November 1, the company rating was maintained by Cantor Fitzgerald. The company was maintained on Monday, June 26 by Cantor Fitzgerald. Jefferies initiated Amarin Corporation plc (NASDAQ:AMRN) rating on Thursday, May 12. Jefferies has “Buy” rating and $3.50 target. The rating was maintained by Cantor Fitzgerald on Monday, August 14 with “Buy”. H.C. Wainwright maintained Amarin Corporation plc (NASDAQ:AMRN) rating on Tuesday, June 27. H.C. Wainwright has “Buy” rating and $1000 target. H.C. Wainwright maintained it with “Buy” rating and $1000 target in Thursday, August 3 report. The stock of Amarin Corporation plc (NASDAQ:AMRN) earned “Buy” rating by H.C. Wainwright on Thursday, November 2. Cantor Fitzgerald maintained the stock with “Buy” rating in Monday, June 12 report.

Amarin Corporation plc, a biopharmaceutical company, focuses on the development and commercialization of therapeutics for the treatment of cardiovascular diseases in the United States. The company has market cap of $988.42 million. The companyÂ’s lead product is Vascepa, a prescription-only omega-3 fatty acid capsule, used as an adjunct to diet for reducing triglyceride levels in adult patients with severe hypertriglyceridemia. It currently has negative earnings. It is also involved in developing Vascepa for the treatment of patients with high triglyceride levels who are also on statin therapy for elevated low-density lipoprotein cholesterol levels.

Amarin Corporation plc (NASDAQ:AMRN) Institutional Positions Chart

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