Cim Investment Mangement Decreased Gilead Sciences (GILD) Holding by $494,880; Stock Value Declined; Heico New (HEI) Holder Artisan Partners Limited Partnership Trimmed Position as Share Price Rose

February 22, 2018 - By Adrian Erickson

Artisan Partners Limited Partnership decreased its stake in Heico Corp New (HEI) by 1.3% based on its latest 2017Q3 regulatory filing with the SEC. Artisan Partners Limited Partnership sold 3,690 shares as the company’s stock rose 12.74% with the market. The institutional investor held 279,459 shares of the aerospace company at the end of 2017Q3, valued at $25.10M, down from 283,149 at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Heico Corp New for a number of months, seems to be less bullish one the $8.53B market cap company. The stock decreased 0.20% or $0.16 during the last trading session, reaching $80.25. About 140,617 shares traded. HEICO Corporation (NYSE:HEI) has risen 45.08% since February 22, 2017 and is uptrending. It has outperformed by 28.38% the S&P500.

Cim Investment Mangement Inc decreased its stake in Gilead Sciences Inc (GILD) by 48.78% based on its latest 2017Q3 regulatory filing with the SEC. Cim Investment Mangement Inc sold 6,186 shares as the company’s stock declined 8.05% while stock markets rallied. The institutional investor held 6,495 shares of the health care company at the end of 2017Q3, valued at $526,000, down from 12,681 at the end of the previous reported quarter. Cim Investment Mangement Inc who had been investing in Gilead Sciences Inc for a number of months, seems to be less bullish one the $103.94B market cap company. The stock decreased 1.39% or $1.12 during the last trading session, reaching $79.57. About 4.99 million shares traded. Gilead Sciences, Inc. (NASDAQ:GILD) has declined 21.80% since February 22, 2017 and is downtrending. It has underperformed by 38.50% the S&P500.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.10, from 0.93 in 2017Q2. It improved, as 96 investors sold GILD shares while 488 reduced holdings. 127 funds opened positions while 474 raised stakes. 957.62 million shares or 2.06% more from 938.32 million shares in 2017Q2 were reported. Artemis Invest Mgmt Limited Liability Partnership stated it has 64,924 shares. Hm Payson And invested 0.4% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD). Amp Cap Limited reported 820,092 shares. Retail Bank Hapoalim Bm has 0.58% invested in Gilead Sciences, Inc. (NASDAQ:GILD). Walter & Keenan Fincl Consulting Mi Adv, a Indiana-based fund reported 6,800 shares. Narwhal Capital Mgmt holds 0.79% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD) for 39,330 shares. 53,773 were accumulated by Amica Pension Fund Board Of Trustees. Moreover, Institute For Wealth Mngmt Ltd Liability Company has 0.34% invested in Gilead Sciences, Inc. (NASDAQ:GILD) for 12,888 shares. Lipe And Dalton reported 50,530 shares. Foundation Mgmt Inc holds 3.12% or 232,589 shares. Stanley Mgmt Ltd Liability stated it has 38,275 shares. Cadence Fincl Bank Na accumulated 3,870 shares. Ifrah Fincl Ser invested in 6,787 shares or 0.21% of the stock. Amica Mutual Com accumulated 85,234 shares or 0.62% of the stock. Pictet Cie (Europe) Sa has 25,815 shares.

Since August 30, 2017, it had 0 insider purchases, and 14 insider sales for $55.76 million activity. Alton Gregg H had sold 30,000 shares worth $2.37M on Thursday, January 11. Meyers James R sold $8.02M worth of stock or 100,000 shares. $4.40M worth of Gilead Sciences, Inc. (NASDAQ:GILD) shares were sold by Washington Robin L. 73,333 Gilead Sciences, Inc. (NASDAQ:GILD) shares with value of $6.05M were sold by MARTIN JOHN C.

Among 30 analysts covering Gilead Sciences (NASDAQ:GILD), 21 have Buy rating, 0 Sell and 9 Hold. Therefore 70% are positive. Gilead Sciences had 124 analyst reports since July 29, 2015 according to SRatingsIntel. On Wednesday, February 7 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Overweight” rating by Piper Jaffray given on Wednesday, February 3. The stock of Gilead Sciences, Inc. (NASDAQ:GILD) has “Hold” rating given on Tuesday, July 26 by Needham. The company was initiated on Wednesday, January 20 by Credit Suisse. Bank of America upgraded Gilead Sciences, Inc. (NASDAQ:GILD) rating on Monday, January 18. Bank of America has “Neutral” rating and $107 target. Citigroup upgraded the stock to “Buy” rating in Tuesday, January 30 report. Jefferies upgraded the stock to “Buy” rating in Tuesday, September 6 report. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, October 3. The rating was maintained by J.P. Morgan with “Buy” on Monday, July 24. On Tuesday, January 16 the stock rating was upgraded by Wells Fargo to “Outperform”.

Cim Investment Mangement Inc, which manages about $1.03B and $275.33 million US Long portfolio, upped its stake in Us Silica Holdings Inc (NYSE:SLCA) by 11,044 shares to 17,687 shares, valued at $550,000 in 2017Q3, according to the filing. It also increased its holding in Ishares S&P 500 Index (IVV) by 22,365 shares in the quarter, for a total of 164,463 shares, and has risen its stake in Costco Wholesale Corp (NASDAQ:COST).

Analysts await Gilead Sciences, Inc. (NASDAQ:GILD) to report earnings on May, 1. They expect $1.59 earnings per share, down 27.73% or $0.61 from last year’s $2.2 per share. GILD’s profit will be $2.08B for 12.51 P/E if the $1.59 EPS becomes a reality. After $1.60 actual earnings per share reported by Gilead Sciences, Inc. for the previous quarter, Wall Street now forecasts -0.63% negative EPS growth.

Artisan Partners Limited Partnership, which manages about $54.11B US Long portfolio, upped its stake in Lyondellbasell Industries N (NYSE:LYB) by 24,718 shares to 962,217 shares, valued at $95.31M in 2017Q3, according to the filing. It also increased its holding in Hdfc Bank Ltd (NYSE:HDB) by 548,882 shares in the quarter, for a total of 3.35 million shares, and has risen its stake in Match Group Inc.

Since September 21, 2017, it had 0 buys, and 1 sale for $1.53 million activity.

Among 9 analysts covering Heico Corporation (NYSE:HEI), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Heico Corporation had 36 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of HEICO Corporation (NYSE:HEI) has “Buy” rating given on Tuesday, December 22 by Bank of America. Jefferies maintained the stock with “Buy” rating in Wednesday, February 14 report. The firm earned “Hold” rating on Thursday, January 18 by Stephens. The stock of HEICO Corporation (NYSE:HEI) earned “Buy” rating by Canaccord Genuity on Thursday, August 10. Suntrust Robinson initiated the shares of HEI in report on Thursday, January 19 with “Buy” rating. Canaccord Genuity maintained HEICO Corporation (NYSE:HEI) rating on Wednesday, September 27. Canaccord Genuity has “Buy” rating and $92.0 target. The firm has “Hold” rating given on Friday, October 27 by Jefferies. The stock of HEICO Corporation (NYSE:HEI) has “Outperform” rating given on Tuesday, August 29 by Credit Suisse. The firm earned “Buy” rating on Friday, August 25 by Canaccord Genuity. The stock of HEICO Corporation (NYSE:HEI) has “Neutral” rating given on Tuesday, August 30 by Bank of America.

Analysts await HEICO Corporation (NYSE:HEI) to report earnings on February, 27 after the close. They expect $0.39 EPS, up 8.33% or $0.03 from last year’s $0.36 per share. HEI’s profit will be $41.43M for 51.44 P/E if the $0.39 EPS becomes a reality. After $0.50 actual EPS reported by HEICO Corporation for the previous quarter, Wall Street now forecasts -22.00% negative EPS growth.

Investors sentiment decreased to 1.39 in 2017 Q3. Its down 6.34, from 7.73 in 2017Q2. It turned negative, as 17 investors sold HEI shares while 60 reduced holdings. 46 funds opened positions while 61 raised stakes. 22.08 million shares or 49.76% less from 43.95 million shares in 2017Q2 were reported. 196 were accumulated by Tower Rech Limited Liability Corp (Trc). Assetmark Inc reported 0% stake. Millennium Mngmt Lc, a New York-based fund reported 5,733 shares. Credit Suisse Ag invested 0% in HEICO Corporation (NYSE:HEI). Pub Employees Retirement Association Of Colorado holds 0.01% in HEICO Corporation (NYSE:HEI) or 10,884 shares. Geode Limited Liability has 217,943 shares. Alliancebernstein Lp stated it has 0% in HEICO Corporation (NYSE:HEI). Cwm Ltd Liability accumulated 93 shares. 294,613 are held by Dimensional Fund L P. Swiss National Bank owns 44,993 shares or 0% of their US portfolio. Washington Mngmt reported 0.48% in HEICO Corporation (NYSE:HEI). 3,492 are owned by Balyasny Asset Mgmt Limited Liability Co. Wellington Mngmt Group Ltd Liability Partnership, a Massachusetts-based fund reported 13,267 shares. State Street Corp invested 0% in HEICO Corporation (NYSE:HEI). Hancock Hldgs reported 116,540 shares or 0.44% of all its holdings.

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