Hamlin Capital Management Continues to Hold Holding in Public Svc Enterprise Group (PEG); Align Technology (ALGN) Holder First Quadrant LP Decreased Position by $465,000

October 12, 2017 - By Marie Mckinney

Hamlin Capital Management Llc increased its stake in Public Svc Enterprise Group (PEG) by 0.46% based on its latest 2017Q2 regulatory filing with the SEC. Hamlin Capital Management Llc bought 8,154 shares as the company’s stock rose 1.22% with the market. The institutional investor held 1.79M shares of the power generation company at the end of 2017Q2, valued at $77.17 million, up from 1.79 million at the end of the previous reported quarter. Hamlin Capital Management Llc who had been investing in Public Svc Enterprise Group for a number of months, seems to be bullish on the $24.79B market cap company. The stock rose 0.74% or $0.36 reaching $48.75 per share. About 810,858 shares traded. Public Service Enterprise Group Inc. (NYSE:PEG) has declined 1.72% since October 12, 2016 and is downtrending. It has underperformed by 18.42% the S&P500.

First Quadrant LP decreased its stake in Align Technology Inc (ALGN) by 14.03% based on its latest 2017Q2 regulatory filing with the SEC. First Quadrant LP sold 3,100 shares as the company’s stock rose 36.03% with the market. The institutional investor held 19,000 shares of the health care company at the end of 2017Q2, valued at $2.85 million, down from 22,100 at the end of the previous reported quarter. First Quadrant LP who had been investing in Align Technology Inc for a number of months, seems to be less bullish one the $15.55B market cap company. The stock rose 0.83% or $1.59 reaching $194.05. About 238,598 shares traded. Align Technology, Inc. (NASDAQ:ALGN) has risen 82.22% since October 12, 2016 and is uptrending. It has outperformed by 65.52% the S&P500.

Since May 30, 2017, it had 0 buys, and 3 sales for $7.87 million activity. Pascaud Raphael had sold 3,500 shares worth $481,705 on Tuesday, May 30. Another trade for 50,000 shares valued at $7.25 million was sold by LACOB JOSEPH.

More news for Align Technology, Inc. (NASDAQ:ALGN) were recently published by: Forbes.com, which released: “3D Printing Moves Align Technology Toward $1.3 Billion In Sales” on September 14, 2017. Nasdaq.com‘s article titled: “Align Technology (ALGN) Prospects Bright, Competition Rife” and published on September 25, 2017 is yet another important article.

Investors sentiment increased to 1.39 in 2017 Q2. Its up 0.37, from 1.02 in 2017Q1. It is positive, as 28 investors sold ALGN shares while 145 reduced holdings. 108 funds opened positions while 133 raised stakes. 62.01 million shares or 7.06% less from 66.72 million shares in 2017Q1 were reported. Pub Sector Pension Investment Board invested in 0.01% or 8,600 shares. Neuberger Berman Grp Incorporated Limited Liability Com, a New York-based fund reported 5,074 shares. Conestoga Advisors Limited Com reported 208,051 shares. Macquarie Grp Limited invested in 264,899 shares or 0.07% of the stock. Daruma Lc has 0.21% invested in Align Technology, Inc. (NASDAQ:ALGN) for 23,793 shares. Diversified, Tennessee-based fund reported 1,978 shares. Mitsubishi Ufj Trust & Bk accumulated 0.04% or 151,792 shares. Nuveen Asset Mngmt Lc owns 1,865 shares for 0% of their portfolio. Epoch Investment Prtnrs, New York-based fund reported 15,765 shares. Assetmark Incorporated has invested 0% in Align Technology, Inc. (NASDAQ:ALGN). 66 were reported by Pension Ser. Moreover, Adage Capital Prtn Grp Inc Ltd Liability Company has 0.04% invested in Align Technology, Inc. (NASDAQ:ALGN) for 108,300 shares. Liberty Mutual Group Asset Mngmt owns 0.18% invested in Align Technology, Inc. (NASDAQ:ALGN) for 29,591 shares. Mckinley Capital Mngmt Limited Delaware holds 0.01% or 1,823 shares. Meiji Yasuda Life Insurance has 9,995 shares for 0.23% of their portfolio.

First Quadrant L P, which manages about $16.82 billion and $5.00 billion US Long portfolio, upped its stake in Boeing Co The (NYSE:BA) by 11,059 shares to 18,260 shares, valued at $3.61 million in 2017Q2, according to the filing. It also increased its holding in Keysight Technologies In (NYSE:KEYS) by 67,160 shares in the quarter, for a total of 313,085 shares, and has risen its stake in Las Vegas Sands Corp (NYSE:LVS).

Analysts await Align Technology, Inc. (NASDAQ:ALGN) to report earnings on November, 6. They expect $0.81 EPS, up 28.57% or $0.18 from last year’s $0.63 per share. ALGN’s profit will be $64.91M for 59.89 P/E if the $0.81 EPS becomes a reality. After $0.85 actual EPS reported by Align Technology, Inc. for the previous quarter, Wall Street now forecasts -4.71% negative EPS growth.

Among 11 analysts covering Align Technology (NASDAQ:ALGN), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Align Technology had 33 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird with “Buy” on Monday, September 11. As per Friday, January 29, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained Align Technology, Inc. (NASDAQ:ALGN) rating on Sunday, August 6. Stifel Nicolaus has “Buy” rating and $20500 target. Piper Jaffray maintained the stock with “Buy” rating in Thursday, July 27 report. The company was maintained on Friday, October 6 by Morgan Stanley. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Buy” rating by Stifel Nicolaus on Friday, July 28. The firm has “Buy” rating by Roth Capital given on Friday, July 28. Leerink Swann maintained the stock with “Outperform” rating in Friday, July 28 report. Roth Capital maintained Align Technology, Inc. (NASDAQ:ALGN) on Wednesday, March 23 with “Buy” rating. The rating was initiated by Piper Jaffray on Wednesday, November 18 with “Overweight”.

More recent Public Service Enterprise Group Inc. (NYSE:PEG) news were published by: Streetinsider.com which released: “Barclays Upgrades Public Service Enterprise Group Inc. (PEG) to Overweight” on September 22, 2017. Also Nasdaq.com published the news titled: “Public Service Enterprise Group Reaches Analyst Target Price” on October 11, 2017. Streetinsider.com‘s news article titled: “Evercore ISI Upgrades Public Service Enterprise Group Inc. (PEG) to Outperform” with publication date: September 25, 2017 was also an interesting one.

Among 14 analysts covering Public Service Enterprise Group Incorporated (NYSE:PEG), 8 have Buy rating, 2 Sell and 4 Hold. Therefore 57% are positive. Public Service Enterprise Group Incorporated had 37 analyst reports since September 11, 2015 according to SRatingsIntel. Morgan Stanley maintained the shares of PEG in report on Friday, September 8 with “Equal-Weight” rating. The firm has “Underperform” rating given on Tuesday, October 20 by Wolfe Research. On Monday, February 27 the stock rating was downgraded by Wells Fargo to “Market Perform”. The rating was upgraded by Morgan Stanley on Wednesday, July 13 to “Equal-Weight”. The firm has “Equal-Weight” rating given on Monday, March 14 by Barclays Capital. The firm has “Hold” rating given on Sunday, October 8 by RBC Capital Markets. Barclays Capital upgraded the stock to “Overweight” rating in Friday, September 22 report. The rating was downgraded by Bank of America on Tuesday, June 7 to “Underperform”. The firm has “Buy” rating by UBS given on Wednesday, March 16. Jefferies maintained it with “Hold” rating and $46.5000 target in Tuesday, June 20 report.

Since May 1, 2017, it had 0 insider buys, and 4 sales for $3.81 million activity. On Monday, May 1 IZZO RALPH sold $1.31M worth of Public Service Enterprise Group Inc. (NYSE:PEG) or 30,000 shares. On Thursday, May 18 the insider LaRossa Ralph A sold $1.05 million.

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