Pictet Asset Management LTD Increased Amgen (AMGN) Position by $39.33 Million as Stock Price Declined; Loeb Partners Continues to Hold Position in Monmouth Real Estate Invt Co (MNR)

February 23, 2018 - By Henry Gaston

Loeb Partners Corporation increased its stake in Monmouth Real Estate Invt Co (MNR) by 94.34% based on its latest 2017Q3 regulatory filing with the SEC. Loeb Partners Corporation bought 110,092 shares as the company’s stock rose 1.45% with the market. The institutional investor held 226,784 shares of the real estate investment trusts company at the end of 2017Q3, valued at $3.67M, up from 116,692 at the end of the previous reported quarter. Loeb Partners Corporation who had been investing in Monmouth Real Estate Invt Co for a number of months, seems to be bullish on the $1.12 billion market cap company. The stock increased 1.48% or $0.21 during the last trading session, reaching $14.36. About 181,129 shares traded. Monmouth Real Estate Investment Corporation (NYSE:MNR) has risen 27.78% since February 23, 2017 and is uptrending. It has outperformed by 11.08% the S&P500.

Pictet Asset Management Ltd increased its stake in Amgen Inc (AMGN) by 17.51% based on its latest 2017Q3 regulatory filing with the SEC. Pictet Asset Management Ltd bought 211,470 shares as the company’s stock declined 9.68% while stock markets rallied. The institutional investor held 1.42 million shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $264.64 million, up from 1.21 million at the end of the previous reported quarter. Pictet Asset Management Ltd who had been investing in Amgen Inc for a number of months, seems to be bullish on the $132.61B market cap company. The stock increased 0.87% or $1.58 during the last trading session, reaching $184.03. About 1.64M shares traded. Amgen Inc. (NASDAQ:AMGN) has risen 5.27% since February 23, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.

Among 7 analysts covering Monmouth Real Estate Investment Corporation (NYSE:MNR), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Monmouth Real Estate Investment Corporation had 15 analyst reports since August 10, 2015 according to SRatingsIntel. The company was downgraded on Friday, February 9 by FBR Capital. The stock has “Buy” rating by Wunderlich on Monday, August 10. The firm earned “Buy” rating on Thursday, May 18 by DA Davidson. Janney Capital initiated the shares of MNR in report on Tuesday, July 19 with “Buy” rating. B. Riley & Co downgraded the shares of MNR in report on Friday, February 9 to “Neutral” rating. BMO Capital Markets maintained Monmouth Real Estate Investment Corporation (NYSE:MNR) rating on Tuesday, January 9. BMO Capital Markets has “Hold” rating and $18.0 target. The firm has “Neutral” rating given on Thursday, December 1 by DA Davidson. The rating was maintained by BMO Capital Markets on Monday, August 24 with “Outperform”. BMO Capital Markets downgraded the shares of MNR in report on Friday, December 2 to “Market Perform” rating. The stock of Monmouth Real Estate Investment Corporation (NYSE:MNR) has “Buy” rating given on Friday, August 5 by Wunderlich.

Loeb Partners Corporation, which manages about $405.10M and $327.19 million US Long portfolio, decreased its stake in Keycorp New (NYSE:KEY) by 20,000 shares to 25,000 shares, valued at $470,000 in 2017Q3, according to the filing. It also reduced its holding in Vornado Rlty Tr (NYSE:VNO) by 7,400 shares in the quarter, leaving it with 56,260 shares, and cut its stake in Alps Etf Tr (AMLP).

Investors sentiment decreased to 1.3 in 2017 Q3. Its down 0.22, from 1.52 in 2017Q2. It dropped, as 13 investors sold MNR shares while 53 reduced holdings. 23 funds opened positions while 63 raised stakes. 47.59 million shares or 9.93% more from 43.29 million shares in 2017Q2 were reported. Swiss Bank has 0% invested in Monmouth Real Estate Investment Corporation (NYSE:MNR). Btc reported 11,652 shares or 0.03% of all its holdings. Great West Life Assurance Can has 0% invested in Monmouth Real Estate Investment Corporation (NYSE:MNR). Gsa Cap Llp owns 42,285 shares. 1.22 million were accumulated by Wasatch Inc. Daiwa Securities Grp Incorporated owns 7,400 shares or 0% of their US portfolio. Fmr Llc holds 0% or 122,762 shares. Bessemer Group accumulated 87,000 shares or 0.01% of the stock. State Board Of Administration Of Florida Retirement Sys stated it has 41,197 shares. Credit Agricole S A reported 29,873 shares. Chatham Capital Group Inc stated it has 59,100 shares or 0.27% of all its holdings. Thompson Siegel & Walmsley Limited Company stated it has 0.01% in Monmouth Real Estate Investment Corporation (NYSE:MNR). Rhumbline Advisers invested in 0% or 94,949 shares. Wealthtrust Axiom Limited Liability holds 0.7% or 113,300 shares. North Star Management Corp accumulated 247,401 shares.

Since September 11, 2017, it had 1 buying transaction, and 2 insider sales for $527,558 activity. $25,274 worth of Monmouth Real Estate Investment Corporation (NYSE:MNR) was bought by LANDY MICHAEL P. The insider WOLGIN STEVEN B sold 1,000 shares worth $24,057.

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.16, from 1.15 in 2017Q2. It dropped, as 58 investors sold AMGN shares while 511 reduced holdings. 108 funds opened positions while 453 raised stakes. 555.05 million shares or 0.41% less from 557.32 million shares in 2017Q2 were reported. Green Square Capital Ltd Llc reported 1.35% of its portfolio in Amgen Inc. (NASDAQ:AMGN). Polar Cap Ltd Liability Partnership reported 0.81% stake. Pictet Asset Mgmt reported 1.42 million shares. Baker Ellis Asset Mngmt Ltd Liability Co invested 0.03% of its portfolio in Amgen Inc. (NASDAQ:AMGN). Farmers National Bank reported 5,957 shares. 7,582 are held by Bradley Foster And Sargent Ct. Flippin Bruce Porter invested 1.37% in Amgen Inc. (NASDAQ:AMGN). Washington reported 0.58% in Amgen Inc. (NASDAQ:AMGN). Creative Planning holds 0.08% or 87,916 shares. Cardinal Cap reported 0.07% in Amgen Inc. (NASDAQ:AMGN). Boston Limited Liability invested in 0.97% or 230,137 shares. Bangor Bankshares holds 2,901 shares. Alphaone Invest Ltd Liability reported 401 shares. Lombard Odier Asset Management (Switzerland) Sa stated it has 3,253 shares. Mu Investments Company invested in 0.05% or 360 shares.

Since October 9, 2017, it had 0 insider buys, and 4 insider sales for $1.10 million activity.

Pictet Asset Management Ltd, which manages about $35.33 billion US Long portfolio, decreased its stake in Genuine Parts Co (NYSE:GPC) by 109,091 shares to 165,225 shares, valued at $15.80M in 2017Q3, according to the filing. It also reduced its holding in Bed Bath & Beyond Inc (NASDAQ:BBBY) by 50,858 shares in the quarter, leaving it with 54,600 shares, and cut its stake in Twenty First Centy Fox Inc (NASDAQ:FOXA).

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