Janney Capital Management Has Lifted Blackstone Group LP (BX) Position by $346,500 as Shares Declined; As Illumina (ILMN) Market Value Rose, Holder Edgewood Management Lowered Its Position

January 22, 2018 - By Ellis Scott

Edgewood Management Llc decreased its stake in Illumina Inc (ILMN) by 2.93% based on its latest 2017Q3 regulatory filing with the SEC. Edgewood Management Llc sold 155,216 shares as the company’s stock rose 8.35% with the market. The institutional investor held 5.13 million shares of the capital goods company at the end of 2017Q3, valued at $1.02 billion, down from 5.29 million at the end of the previous reported quarter. Edgewood Management Llc who had been investing in Illumina Inc for a number of months, seems to be less bullish one the $35.64 billion market cap company. The stock increased 0.23% or $0.55 during the last trading session, reaching $244.1. About 63,430 shares traded. Illumina, Inc. (NASDAQ:ILMN) has risen 28.24% since January 22, 2017 and is uptrending. It has outperformed by 11.54% the S&P500.

Janney Capital Management Llc increased its stake in Blackstone Group Lp (BX) by 122.81% based on its latest 2017Q3 regulatory filing with the SEC. Janney Capital Management Llc bought 10,500 shares as the company’s stock declined 1.16% while stock markets rallied. The institutional investor held 19,050 shares of the investment managers company at the end of 2017Q3, valued at $635,000, up from 8,550 at the end of the previous reported quarter. Janney Capital Management Llc who had been investing in Blackstone Group Lp for a number of months, seems to be bullish on the $40.99B market cap company. The stock decreased 0.49% or $0.1683 during the last trading session, reaching $34.5317. About 207,647 shares traded. The Blackstone Group L.P. (NYSE:BX) has risen 20.49% since January 22, 2017 and is uptrending. It has outperformed by 3.79% the S&P500.

Edgewood Management Llc, which manages about $9.25B and $21.75B US Long portfolio, upped its stake in Cme Group Inc (NASDAQ:CME) by 12,544 shares to 7.68 million shares, valued at $1.04B in 2017Q3, according to the filing. It also increased its holding in Facebook Inc (NASDAQ:FB) by 67,474 shares in the quarter, for a total of 7.22 million shares, and has risen its stake in Allergan Plc.

Since August 1, 2017, it had 0 insider buys, and 23 selling transactions for $47.02 million activity. Stapley Marc had sold 2,000 shares worth $411,857 on Tuesday, September 5. Shares for $1.09M were sold by Bouchard Michel on Wednesday, August 30. Another trade for 145 shares valued at $29,828 was sold by Dadswell Charles. Shares for $1.95M were sold by Ronaghi Mostafa. Van Oene Mark sold $2.06M worth of stock or 9,729 shares. EASTHAM KARIN sold $2.11 million worth of stock or 10,800 shares.

Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.24, from 1.34 in 2017Q2. It is negative, as 33 investors sold ILMN shares while 167 reduced holdings. 55 funds opened positions while 165 raised stakes. 131.54 million shares or 1.36% less from 133.36 million shares in 2017Q2 were reported. Magnetar Fincl Lc has 0.04% invested in Illumina, Inc. (NASDAQ:ILMN) for 9,335 shares. Credit Suisse Ag reported 542,498 shares. 3,095 were accumulated by Caisse De Depot Et Placement Du Quebec. Columbus Circle Investors accumulated 0.39% or 115,798 shares. Gp One Trading LP holds 0.12% or 64,807 shares. Wellington Management Grp Ltd Liability Partnership has invested 0.09% in Illumina, Inc. (NASDAQ:ILMN). Amer Gru Inc holds 0.04% or 59,616 shares in its portfolio. Moreover, Los Angeles Mngmt And Equity has 0.09% invested in Illumina, Inc. (NASDAQ:ILMN) for 82,603 shares. Connor Clark And Lunn Mngmt has 7,375 shares for 0.01% of their portfolio. Whittier Company has invested 0.02% in Illumina, Inc. (NASDAQ:ILMN). 157,013 were reported by Van Eck. Alpine Glob Management Lc invested in 0.06% or 1,060 shares. Fernwood Management Ltd Liability owns 4,800 shares or 0.6% of their US portfolio. Andra Ap has invested 0.03% of its portfolio in Illumina, Inc. (NASDAQ:ILMN). Fairfield Bush & Com holds 1.17% or 18,730 shares.

Among 28 analysts covering Illumina Inc (NASDAQ:ILMN), 17 have Buy rating, 1 Sell and 10 Hold. Therefore 61% are positive. Illumina Inc had 86 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, October 6. As per Thursday, January 7, the company rating was initiated by Deutsche Bank. The stock of Illumina, Inc. (NASDAQ:ILMN) earned “Sell” rating by Janney Capital on Tuesday, October 11. CL King upgraded Illumina, Inc. (NASDAQ:ILMN) on Friday, January 6 to “Buy” rating. Piper Jaffray maintained Illumina, Inc. (NASDAQ:ILMN) on Wednesday, October 21 with “Overweight” rating. Argus Research initiated Illumina, Inc. (NASDAQ:ILMN) on Wednesday, March 30 with “Buy” rating. On Wednesday, October 25 the stock rating was maintained by Bank of America with “Buy”. The rating was maintained by Barclays Capital on Wednesday, October 25 with “Equal-Weight”. The rating was maintained by Wells Fargo on Tuesday, January 9 with “Buy”. As per Tuesday, October 6, the company rating was maintained by Goldman Sachs.

Analysts await Illumina, Inc. (NASDAQ:ILMN) to report earnings on January, 30. They expect $1.18 EPS, up 38.82% or $0.33 from last year’s $0.85 per share. ILMN’s profit will be $172.28 million for 51.72 P/E if the $1.18 EPS becomes a reality. After $1.11 actual EPS reported by Illumina, Inc. for the previous quarter, Wall Street now forecasts 6.31% EPS growth.

Among 19 analysts covering The Blackstone Group L.P. (NYSE:BX), 17 have Buy rating, 0 Sell and 2 Hold. Therefore 89% are positive. The Blackstone Group L.P. had 58 analyst reports since August 9, 2015 according to SRatingsIntel. The stock of The Blackstone Group L.P. (NYSE:BX) earned “Buy” rating by JMP Securities on Thursday, July 20. The firm has “Buy” rating given on Friday, September 18 by Deutsche Bank. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, January 26 report. As per Tuesday, July 25, the company rating was maintained by Morgan Stanley. The firm earned “Buy” rating on Monday, August 17 by Deutsche Bank. The rating was maintained by Keefe Bruyette & Woods on Wednesday, January 10 with “Buy”. The rating was maintained by Argus Research with “Buy” on Tuesday, October 27. The stock of The Blackstone Group L.P. (NYSE:BX) earned “Buy” rating by Jefferies on Tuesday, August 2. Keefe Bruyette & Woods maintained the shares of BX in report on Thursday, September 28 with “Buy” rating. The rating was maintained by Barclays Capital on Tuesday, August 9 with “Overweight”.

Investors sentiment decreased to 1.24 in Q3 2017. Its down 0.40, from 1.64 in 2017Q2. It dived, as 29 investors sold BX shares while 155 reduced holdings. 52 funds opened positions while 177 raised stakes. 272.94 million shares or 3.67% less from 283.35 million shares in 2017Q2 were reported. Hodges Cap Mgmt Inc holds 0.03% of its portfolio in The Blackstone Group L.P. (NYSE:BX) for 12,688 shares. 19,134 are held by Hm Payson And. Dt Investment Prns Lc invested 0.44% in The Blackstone Group L.P. (NYSE:BX). Timber Hill Limited Liability Company invested in 7,793 shares. Dreman Value Mngmt L L C invested 0.25% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Ironwood Limited Liability Company holds 0% or 50 shares. Peapack Gladstone Corp reported 0.09% in The Blackstone Group L.P. (NYSE:BX). Syntal Cap Prtn Ltd Liability invested in 9,457 shares or 0.23% of the stock. First Finance In holds 3,485 shares. Washington Financial Bank invested in 0.01% or 1,000 shares. Aureus Asset Management Ltd Liability Company has invested 3.23% in The Blackstone Group L.P. (NYSE:BX). Crow Point Limited holds 7,000 shares or 0.04% of its portfolio. Blair William Il holds 215,672 shares. Forward Mngmt Ltd Company holds 0.03% or 8,900 shares in its portfolio. Bnp Paribas Arbitrage Sa reported 114,193 shares.

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