Johnson Investment Counsel Has Boosted Position in Cigna (CI); Whitebox Advisors Lowered Its Gogo (GOGO) Position by $5.95 Million

May 25, 2018 - By reb123z

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Johnson Investment Counsel Inc increased its stake in Cigna Corporation (CI) by 57.76% based on its latest 2017Q4 regulatory filing with the SEC. Johnson Investment Counsel Inc bought 1,548 shares as the company’s stock declined 18.61% with the market. The institutional investor held 4,228 shares of the medical specialities company at the end of 2017Q4, valued at $858,000, up from 2,680 at the end of the previous reported quarter. Johnson Investment Counsel Inc who had been investing in Cigna Corporation for a number of months, seems to be bullish on the $42.95 billion market cap company. The stock increased 0.42% or $0.73 during the last trading session, reaching $176.58. About 191,564 shares traded. Cigna Corporation (NYSE:CI) has risen 13.35% since May 25, 2017 and is uptrending. It has outperformed by 1.80% the S&P500.

Andy Redleaf decreased its stake in Gogo Inc (GOGO) by 56.91% based on its latest 2017Q4 regulatory filing with the SEC. Whitebox Advisors Llc sold 541,346 shares as the company’s stock declined 21.00% with the market. The hedge fund run by Andy Redleaf held 409,916 shares of the telecommunications equipment company at the end of 2017Q4, valued at $4.62 million, down from 951,262 at the end of the previous reported quarter. Whitebox Advisors Llc who had been investing in Gogo Inc for a number of months, seems to be less bullish one the $420.67M market cap company. The stock decreased 0.31% or $0.015 during the last trading session, reaching $4.835. About 425,188 shares traded. Gogo Inc. (NASDAQ:GOGO) has declined 18.49% since May 25, 2017 and is downtrending. It has underperformed by 30.04% the S&P500.

Investors sentiment decreased to 0.91 in 2017 Q4. Its down 0.05, from 0.96 in 2017Q3. It dived, as 38 investors sold CI shares while 280 reduced holdings. 92 funds opened positions while 197 raised stakes. 208.24 million shares or 0.93% more from 206.32 million shares in 2017Q3 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 128,589 shares. E&G Ltd Partnership holds 2,300 shares or 0.2% of its portfolio. Eaton Vance Mngmt has invested 0.03% in Cigna Corporation (NYSE:CI). Element Cap Limited Liability Company owns 209,489 shares. Founders Capital Mgmt Lc owns 0.2% invested in Cigna Corporation (NYSE:CI) for 2,268 shares. Raymond James Services Advsr accumulated 21,299 shares. Paloma Ptnrs Mngmt holds 38,699 shares or 0.11% of its portfolio. Stratos Wealth Ltd stated it has 1,662 shares. Granite Point Mgmt Ltd Partnership owns 7,000 shares. Clean Yield Group reported 1,647 shares. Amg Natl Trust Natl Bank, a Colorado-based fund reported 1,800 shares. Etrade Capital Mngmt Ltd Liability Corporation has invested 0.03% in Cigna Corporation (NYSE:CI). 1,373 are owned by Johnson Finance Group Inc Incorporated Inc. M&R Mngmt Inc reported 0.09% in Cigna Corporation (NYSE:CI). Johnson Invest Counsel has invested 0.02% in Cigna Corporation (NYSE:CI).

Since December 11, 2017, it had 0 insider buys, and 10 sales for $17.30 million activity. 36,769 Cigna Corporation (NYSE:CI) shares with value of $7.05M were sold by Cordani David. $43,604 worth of stock was sold by ZOLLARS WILLIAM D on Wednesday, January 10. On Tuesday, January 16 ZARCONE DONNA F sold $1.29M worth of Cigna Corporation (NYSE:CI) or 5,971 shares. Another trade for 400 shares valued at $85,184 was made by HENNEY JANE E MD on Friday, January 12. Hocevar Christopher J sold $529,287 worth of stock. On Monday, December 11 HARRIS ISAIAH JR sold $44,382 worth of Cigna Corporation (NYSE:CI) or 212 shares.

Among 22 analysts covering CIGNA (NYSE:CI), 18 have Buy rating, 0 Sell and 4 Hold. Therefore 82% are positive. CIGNA had 66 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Buy” on Monday, March 26. The firm has “Buy” rating given on Tuesday, September 5 by Jefferies. On Friday, November 3 the stock rating was maintained by RBC Capital Markets with “Buy”. Citigroup maintained the stock with “Buy” rating in Monday, August 7 report. On Wednesday, June 7 the stock rating was maintained by Jefferies with “Buy”. Jefferies maintained it with “Buy” rating and $231.0 target in Thursday, November 2 report. RBC Capital Markets maintained the shares of CI in report on Monday, August 7 with “Buy” rating. The firm earned “Buy” rating on Friday, August 4 by Oppenheimer. Cowen & Co maintained the shares of CI in report on Thursday, February 1 with “Buy” rating. As per Monday, May 8, the company rating was maintained by RBC Capital Markets.

Johnson Investment Counsel Inc, which manages about $8.19B and $4.00B US Long portfolio, decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 12,566 shares to 352,139 shares, valued at $29.45 million in 2017Q4, according to the filing. It also reduced its holding in Nordstrom Incorporated (NYSE:JWN) by 8,310 shares in the quarter, leaving it with 8,111 shares, and cut its stake in Chubb Limited.

More recent Cigna Corporation (NYSE:CI) news were published by: Seekingalpha.com which released: “Cigna (CI) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. Also Fool.com published the news titled: “These Companies Gave Bonuses or Raises After Tax Reform” on May 24, 2018. Thestreet.com‘s news article titled: “The Future of Healthcare Will Have You in Control for a Change: Cigna CEO” with publication date: May 01, 2018 was also an interesting one.

Among 11 analysts covering Gogo (NASDAQ:GOGO), 3 have Buy rating, 2 Sell and 6 Hold. Therefore 27% are positive. Gogo had 18 analyst reports since October 7, 2015 according to SRatingsIntel. The rating was maintained by Dougherty & Company on Monday, January 25 with “Buy”. The stock has “Hold” rating by Standpoint Research on Friday, August 4. The firm has “Buy” rating given on Wednesday, January 25 by Guggenheim. The firm has “Sell” rating given on Friday, February 23 by Northland Capital. JP Morgan downgraded Gogo Inc. (NASDAQ:GOGO) on Friday, February 23 to “Neutral” rating. Standpoint Research downgraded the shares of GOGO in report on Thursday, August 18 to “Hold” rating. The stock of Gogo Inc. (NASDAQ:GOGO) has “Buy” rating given on Thursday, June 23 by Standpoint Research. The stock has “Hold” rating by J.P. Morgan on Friday, February 23. On Wednesday, October 18 the stock rating was maintained by Northland Capital with “Sell”. The firm earned “Buy” rating on Wednesday, August 31 by Standpoint Research.

Whitebox Advisors Llc, which manages about $8.40 billion and $3.55B US Long portfolio, upped its stake in Powershares Qqq Trust (Put) by 400,000 shares to 700,000 shares, valued at $109.03 million in 2017Q4, according to the filing. It also increased its holding in Beazer Homes Usa Inc (NYSE:BZH) by 39,507 shares in the quarter, for a total of 73,107 shares, and has risen its stake in Arbor Rlty Tr Inc (Prn).

Analysts await Gogo Inc. (NASDAQ:GOGO) to report earnings on August, 6. They expect $-0.59 EPS, down 5.36% or $0.03 from last year’s $-0.56 per share. After $-0.34 actual EPS reported by Gogo Inc. for the previous quarter, Wall Street now forecasts 73.53% negative EPS growth.

Investors sentiment increased to 1.29 in 2017 Q4. Its up 0.34, from 0.95 in 2017Q3. It increased, as 22 investors sold GOGO shares while 27 reduced holdings. 24 funds opened positions while 39 raised stakes. 62.18 million shares or 9.61% more from 56.73 million shares in 2017Q3 were reported. National Bank Of New York Mellon reported 247,779 shares. The United Kingdom-based Barclays Plc has invested 0% in Gogo Inc. (NASDAQ:GOGO). Parametric Associate Limited Co reported 0% stake. 15,000 were accumulated by Regis Management Lc. Ims Capital Mngmt holds 29,766 shares. Lombard Odier Asset Management (Usa) has invested 0.24% in Gogo Inc. (NASDAQ:GOGO). Stelliam Invest Mgmt Limited Partnership owns 8.39 million shares for 3.91% of their portfolio. California-based Utd Cap Fin Advisers Limited Liability Corp has invested 0% in Gogo Inc. (NASDAQ:GOGO). Citigroup has invested 0% in Gogo Inc. (NASDAQ:GOGO). Pnc Serv Grp Inc Inc accumulated 1,010 shares. Manufacturers Life Insurance The, Ontario – Canada-based fund reported 46,614 shares. Citadel Advsr Limited Liability Com owns 936,715 shares for 0.01% of their portfolio. Blackrock Incorporated reported 4.09M shares or 0% of all its holdings. Boothbay Fund Mgmt Limited Liability Company reported 46,121 shares. 1,240 were accumulated by Sei.

Gogo Inc. (NASDAQ:GOGO) Institutional Positions Chart

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