Palo Alto Investors Stake in Align Technology (ALGN) Cut as Market Valuation Rose; Salzhauer Michael Has Upped Holding in Regions Finl New (RF) by $2.24 Million

April 24, 2018 - By Winifred Garcia

Regions Financial Corporation (NYSE:RF) Logo

William Leland Edwards decreased its stake in Align Technology Inc (ALGN) by 4.75% based on its latest 2017Q4 regulatory filing with the SEC. Palo Alto Investors Llc sold 10,600 shares as the company’s stock rose 11.29% while stock markets declined. The hedge fund run by William Leland Edwards held 212,507 shares of the health care company at the end of 2017Q4, valued at $47.22M, down from 223,107 at the end of the previous reported quarter. Palo Alto Investors Llc who had been investing in Align Technology Inc for a number of months, seems to be less bullish one the $19.15 billion market cap company. The stock decreased 3.32% or $8.2 during the last trading session, reaching $239. About 983,513 shares traded. Align Technology, Inc. (NASDAQ:ALGN) has risen 117.77% since April 24, 2017 and is uptrending. It has outperformed by 106.22% the S&P500.

Salzhauer Michael increased its stake in Regions Finl Corp New (RF) by 370.92% based on its latest 2017Q4 regulatory filing with the SEC. Salzhauer Michael bought 132,047 shares as the company’s stock rose 4.69% while stock markets declined. The institutional investor held 167,647 shares of the major banks company at the end of 2017Q4, valued at $2.90M, up from 35,600 at the end of the previous reported quarter. Salzhauer Michael who had been investing in Regions Finl Corp New for a number of months, seems to be bullish on the $21.14B market cap company. The stock decreased 0.19% or $0.035 during the last trading session, reaching $18.825. About 11.24M shares traded. Regions Financial Corporation (NYSE:RF) has risen 29.90% since April 24, 2017 and is uptrending. It has outperformed by 18.35% the S&P500.

Investors sentiment increased to 1.18 in 2017 Q4. Its up 0.23, from 0.95 in 2017Q3. It improved, as 26 investors sold RF shares while 187 reduced holdings. 82 funds opened positions while 169 raised stakes. 823.54 million shares or 2.89% less from 848.03 million shares in 2017Q3 were reported. Moody Bancorp Tru Division reported 0.01% in Regions Financial Corporation (NYSE:RF). 179,910 were reported by Paradigm Asset Limited Co. Carroll Fin Associate Incorporated reported 19,266 shares or 0.04% of all its holdings. Schwab Charles Invest Mngmt Inc has 0.09% invested in Regions Financial Corporation (NYSE:RF) for 6.89M shares. Rafferty Asset Mgmt Limited Co holds 0.08% or 281,638 shares in its portfolio. Toth Fin Advisory Corporation holds 493 shares. Opus Inv Inc accumulated 40,000 shares. Mackenzie Financial Corp holds 608,320 shares or 0.03% of its portfolio. United Serv Automobile Association holds 0.04% or 826,462 shares in its portfolio. Symphony Asset Management Ltd Liability Co stated it has 0.03% of its portfolio in Regions Financial Corporation (NYSE:RF). Toronto Dominion Commercial Bank holds 0.03% in Regions Financial Corporation (NYSE:RF) or 501,735 shares. First Personal accumulated 3,648 shares. 234,609 are held by Meeder Asset Mngmt. Mitsubishi Ufj Tru & holds 0.07% or 2.44 million shares. The Texas-based Texas Permanent School Fund has invested 0.07% in Regions Financial Corporation (NYSE:RF).

Among 34 analysts covering Regions Financial Corp (NYSE:RF), 9 have Buy rating, 4 Sell and 21 Hold. Therefore 26% are positive. Regions Financial Corp had 114 analyst reports since August 12, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Friday, August 11 report. Robert W. Baird maintained the stock with “Sell” rating in Friday, November 10 report. Piper Jaffray maintained Regions Financial Corporation (NYSE:RF) on Tuesday, August 15 with “Hold” rating. The stock of Regions Financial Corporation (NYSE:RF) earned “Neutral” rating by Citigroup on Monday, October 9. The stock of Regions Financial Corporation (NYSE:RF) earned “Neutral” rating by Nomura on Thursday, October 26. The rating was maintained by Deutsche Bank on Saturday, August 15 with “Buy”. The stock of Regions Financial Corporation (NYSE:RF) has “Hold” rating given on Thursday, January 4 by Susquehanna. The firm has “Hold” rating by Piper Jaffray given on Monday, December 4. The rating was maintained by Piper Jaffray on Sunday, September 17 with “Hold”. The stock of Regions Financial Corporation (NYSE:RF) earned “Hold” rating by Piper Jaffray on Friday, January 19.

Salzhauer Michael, which manages about $254.56 million US Long portfolio, decreased its stake in American Intl Group Inc (NYSE:AIG) by 6,687 shares to 4,613 shares, valued at $275,000 in 2017Q4, according to the filing. It also reduced its holding in Discover Finl Svcs (NYSE:DFS) by 8,342 shares in the quarter, leaving it with 6,258 shares, and cut its stake in Jpmorgan Chase & Co (NYSE:JPM).

Among 15 analysts covering Align Technology (NASDAQ:ALGN), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Align Technology had 57 analyst reports since July 27, 2015 according to SRatingsIntel. Robert W. Baird downgraded the shares of ALGN in report on Monday, October 3 to “Neutral” rating. Jefferies maintained Align Technology, Inc. (NASDAQ:ALGN) rating on Wednesday, May 31. Jefferies has “Buy” rating and $15000 target. Credit Suisse maintained the stock with “Buy” rating in Friday, April 6 report. The stock has “Buy” rating by Stifel Nicolaus on Monday, October 23. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Overweight” rating by Morgan Stanley on Friday, October 6. The stock of Align Technology, Inc. (NASDAQ:ALGN) has “Buy” rating given on Friday, June 23 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Buy” rating in Sunday, August 6 report. Leerink Swann maintained Align Technology, Inc. (NASDAQ:ALGN) rating on Friday, October 27. Leerink Swann has “Buy” rating and $250.0 target. The stock of Align Technology, Inc. (NASDAQ:ALGN) has “Outperform” rating given on Friday, September 11 by Leerink Swann. Stifel Nicolaus maintained Align Technology, Inc. (NASDAQ:ALGN) rating on Friday, July 28. Stifel Nicolaus has “Buy” rating and $20000 target.

Palo Alto Investors Llc, which manages about $1.30B and $2.32 billion US Long portfolio, upped its stake in Sage Therapeutics Inc (NASDAQ:SAGE) by 23,555 shares to 810,806 shares, valued at $133.55M in 2017Q4, according to the filing. It also increased its holding in Bioverativ Inc by 53,100 shares in the quarter, for a total of 264,400 shares, and has risen its stake in Amag Pharmaceuticals Inc (NASDAQ:AMAG).

Analysts await Align Technology, Inc. (NASDAQ:ALGN) to report earnings on April, 25 after the close. They expect $0.98 EPS, up 15.29% or $0.13 from last year’s $0.85 per share. ALGN’s profit will be $78.54 million for 60.97 P/E if the $0.98 EPS becomes a reality. After $1.19 actual EPS reported by Align Technology, Inc. for the previous quarter, Wall Street now forecasts -17.65% negative EPS growth.

Investors sentiment is 0.93 in Q4 2017. Its the same as in 2017Q3. It is the same, as 37 investors sold ALGN shares while 216 reduced holdings. only 100 funds opened positions while 136 raised stakes. 60.90 million shares or 3.22% less from 62.92 million shares in 2017Q3 were reported. Old Dominion Capital Inc holds 0.99% or 4,612 shares in its portfolio. Qs Invsts Ltd Liability holds 0.01% or 2,799 shares in its portfolio. Ahl Partners Limited Liability Partnership accumulated 13,341 shares or 0.05% of the stock. New Mexico Educational Retirement Board holds 0.06% or 6,900 shares. Next Century Growth Invsts Limited Liability Co holds 0.32% in Align Technology, Inc. (NASDAQ:ALGN) or 11,730 shares. Pillar Pacific Limited Liability Company owns 1,250 shares. Moreover, Apg Asset Mgmt Nv has 0.04% invested in Align Technology, Inc. (NASDAQ:ALGN). 16,800 are owned by Hl Fincl Limited Co. Employees Retirement Association Of Colorado holds 15,236 shares. Daiwa Securities Grp Inc reported 2,311 shares. Strategy Asset Managers Lc stated it has 0.74% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). Manufacturers Life Insur The reported 81,074 shares stake. 11,453 are held by Comml Bank Of Nova Scotia. Victory Capital Mgmt reported 0.31% stake. Td Asset Mgmt Inc holds 0.02% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 54,332 shares.

Align Technology, Inc. (NASDAQ:ALGN) Institutional Positions Chart

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