As Macrogenics (MGNX) Stock Value Rose, Holder Pinnacle Associates LTD Has Cut Its Holding; Western Gas Partners LP Com Unit LP In (WES) Shareholder Summit Equities Cut Its Holding by $106.76 Million

May 18, 2018 - By Michael Collier

Western Gas Partners, LP (NYSE:WES) Logo

Pinnacle Associates Ltd decreased its stake in Macrogenics Inc (MGNX) by 3.11% based on its latest 2017Q4 regulatory filing with the SEC. Pinnacle Associates Ltd sold 26,200 shares as the company’s stock rose 22.09% while stock markets declined. The institutional investor held 816,975 shares of the health care company at the end of 2017Q4, valued at $15.52M, down from 843,175 at the end of the previous reported quarter. Pinnacle Associates Ltd who had been investing in Macrogenics Inc for a number of months, seems to be less bullish one the $900.59M market cap company. The stock decreased 3.57% or $0.79 during the last trading session, reaching $21.34. About 288,485 shares traded. MacroGenics, Inc. (NASDAQ:MGNX) has risen 31.18% since May 18, 2017 and is uptrending. It has outperformed by 19.63% the S&P500.

Summit Equities Inc decreased its stake in Western Gas Partners Lp Com Unit Lp In (WES) by 13.02% based on its latest 2017Q4 regulatory filing with the SEC. Summit Equities Inc sold 2,220 shares as the company’s stock declined 12.87% with the market. The institutional investor held 14,837 shares of the public utilities company at the end of 2017Q4, valued at $713.53 million, down from 17,057 at the end of the previous reported quarter. Summit Equities Inc who had been investing in Western Gas Partners Lp Com Unit Lp In for a number of months, seems to be less bullish one the $8.14B market cap company. The stock increased 1.33% or $0.69 during the last trading session, reaching $52.48. About 818,404 shares traded or 55.17% up from the average. Western Gas Partners, LP (NYSE:WES) has declined 29.39% since May 18, 2017 and is downtrending. It has underperformed by 40.94% the S&P500.

Analysts await MacroGenics, Inc. (NASDAQ:MGNX) to report earnings on August, 1. They expect $-1.18 EPS, down 3.51% or $0.04 from last year’s $-1.14 per share. After $-1.34 actual EPS reported by MacroGenics, Inc. for the previous quarter, Wall Street now forecasts -11.94% EPS growth.

Among 11 analysts covering MacroGenics (NASDAQ:MGNX), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. MacroGenics had 25 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of MacroGenics, Inc. (NASDAQ:MGNX) has “Neutral” rating given on Thursday, August 4 by Citigroup. The firm earned “Buy” rating on Wednesday, October 25 by Leerink Swann. The firm earned “Buy” rating on Wednesday, October 25 by BTIG Research. As per Friday, September 1, the company rating was maintained by SunTrust. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, August 6. SunTrust maintained MacroGenics, Inc. (NASDAQ:MGNX) on Tuesday, January 23 with “Buy” rating. Zacks downgraded the stock to “Buy” rating in Monday, August 10 report. Morgan Stanley maintained the shares of MGNX in report on Wednesday, March 14 with “Equal-Weight” rating. The firm earned “Equal-Weight” rating on Thursday, February 25 by Morgan Stanley. The rating was maintained by BTIG Research with “Buy” on Friday, January 19.

Pinnacle Associates Ltd, which manages about $6.31B and $5.20B US Long portfolio, upped its stake in Powershares Etf Tr Ii (VRP) by 32,206 shares to 165,571 shares, valued at $4.25 million in 2017Q4, according to the filing. It also increased its holding in Biogen Inc (NASDAQ:BIIB) by 4,091 shares in the quarter, for a total of 13,343 shares, and has risen its stake in Ishares Tr (IVV).

Since January 16, 2018, it had 0 insider purchases, and 7 sales for $1.10 million activity. On Wednesday, January 24 the insider Risser Eric Blasius sold $67,500. Wigginton Jon Marc sold $100,000 worth of stock. Cilinski Lynn sold $599,436 worth of MacroGenics, Inc. (NASDAQ:MGNX) on Wednesday, February 28.

More notable recent MacroGenics, Inc. (NASDAQ:MGNX) news were published by: Benzinga.com which released: “36 Stocks Moving In Tuesday’s Mid-Day Session” on May 08, 2018, also Globenewswire.com with their article: “MacroGenics Announces Date of First Quarter 2018 Financial Results Conference Call” published on April 30, 2018, Bizjournals.com published: “Md. biotech to be acquired by New Jersey pharmaceutical goliath” on May 08, 2018. More interesting news about MacroGenics, Inc. (NASDAQ:MGNX) were released by: Seekingalpha.com and their article: “MacroGenics’ (MGNX) CEO Scott Koenig on Q1 2018 Results – Earnings Call Transcript” published on May 08, 2018 as well as Globenewswire.com‘s news article titled: “MacroGenics to Present at Deutsche Bank Health Care Conference” with publication date: May 07, 2018.

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.47, from 1.58 in 2017Q3. It dived, as 14 investors sold MGNX shares while 31 reduced holdings. 15 funds opened positions while 35 raised stakes. 28.26 million shares or 1.97% more from 27.72 million shares in 2017Q3 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 2,494 shares. Legal General Plc accumulated 8,986 shares or 0% of the stock. The Ohio-based Public Employees Retirement Of Ohio has invested 0% in MacroGenics, Inc. (NASDAQ:MGNX). Point72 Asset Mgmt Lp reported 1.08M shares or 0.09% of all its holdings. Principal Group has 0% invested in MacroGenics, Inc. (NASDAQ:MGNX). 225,000 are owned by Rock Springs Mngmt Lp. United Automobile Association owns 36,000 shares for 0% of their portfolio. Jacobs Levy Equity Mngmt Incorporated stated it has 0.05% in MacroGenics, Inc. (NASDAQ:MGNX). 25,000 are owned by State Of Wisconsin Invest Board. 572 were reported by Us Comml Bank De. The Georgia-based Invesco Limited has invested 0% in MacroGenics, Inc. (NASDAQ:MGNX). Wells Fargo & Mn reported 0% of its portfolio in MacroGenics, Inc. (NASDAQ:MGNX). Millennium Mngmt Limited Liability Corporation reported 482,301 shares stake. Swiss Fincl Bank has invested 0% in MacroGenics, Inc. (NASDAQ:MGNX). Clearbridge Investments Limited Liability Com accumulated 3,985 shares.

Investors sentiment decreased to 0.75 in Q4 2017. Its down 0.77, from 1.52 in 2017Q3. It fall, as 24 investors sold WES shares while 72 reduced holdings. 24 funds opened positions while 48 raised stakes. 90.11 million shares or 0.38% less from 90.45 million shares in 2017Q3 were reported. Blackrock reported 669,782 shares. Creative Planning owns 355,703 shares. Cushing Asset Lp holds 1.69% of its portfolio in Western Gas Partners, LP (NYSE:WES) for 1.16 million shares. Mitchell Mcleod Pugh & Williams reported 9,980 shares. Usca Ria Ltd Com accumulated 7,800 shares. Hsbc Holdg Public Ltd Llc holds 0.02% of its portfolio in Western Gas Partners, LP (NYSE:WES) for 263,000 shares. Morgan Stanley reported 0.06% in Western Gas Partners, LP (NYSE:WES). Balyasny Asset Mngmt Ltd Limited Liability Company holds 0.03% or 169,417 shares. Moreover, Envestnet Asset has 0% invested in Western Gas Partners, LP (NYSE:WES) for 1,381 shares. Security Trust Com invested 0.08% in Western Gas Partners, LP (NYSE:WES). Chilton Cap Management Ltd, a Texas-based fund reported 40,925 shares. Sei Invs invested 0% of its portfolio in Western Gas Partners, LP (NYSE:WES). The New York-based Adirondack Com has invested 0.02% in Western Gas Partners, LP (NYSE:WES). Zimmer Ptnrs Limited Partnership has 23,852 shares for 0.03% of their portfolio. Sigma Planning Corp invested in 0.02% or 5,229 shares.

Among 19 analysts covering Western Gas Partners (NYSE:WES), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Western Gas Partners had 53 analyst reports since August 3, 2015 according to SRatingsIntel. Bank of America maintained Western Gas Partners, LP (NYSE:WES) on Tuesday, March 27 with “Neutral” rating. The rating was downgraded by Bank of America on Tuesday, January 12 to “Neutral”. The rating was downgraded by Bank of America on Monday, February 27 to “Underperform”. JP Morgan maintained it with “Overweight” rating and $59 target in Wednesday, March 14 report. Citigroup maintained the stock with “Neutral” rating in Tuesday, March 27 report. Barclays Capital maintained Western Gas Partners, LP (NYSE:WES) on Tuesday, April 17 with “Equal-Weight” rating. The stock of Western Gas Partners, LP (NYSE:WES) earned “Hold” rating by Stifel Nicolaus on Thursday, August 31. Morgan Stanley initiated the stock with “Equal-Weight” rating in Thursday, February 25 report. The stock has “Buy” rating by RBC Capital Markets on Sunday, October 29. The firm has “Hold” rating by Scotia Capital given on Monday, January 29.

Summit Equities Inc, which manages about $2.45 billion and $586.64 billion US Long portfolio, upped its stake in Vanguard Index Fds Value Etf (VTV) by 15,810 shares to 286,575 shares, valued at $30.47B in 2017Q4, according to the filing. It also increased its holding in Vanguard Intl Equity Index Ftse Emr Mkt Etf (VWO) by 9,671 shares in the quarter, for a total of 30,736 shares, and has risen its stake in United Sts Commodity Index Fd (USCI).

Analysts await Western Gas Partners, LP (NYSE:WES) to report earnings on July, 24. They expect $0.48 EPS, down 2.04% or $0.01 from last year’s $0.49 per share. WES’s profit will be $74.49M for 27.33 P/E if the $0.48 EPS becomes a reality. After $0.38 actual EPS reported by Western Gas Partners, LP for the previous quarter, Wall Street now forecasts 26.32% EPS growth.

Western Gas Partners, LP (NYSE:WES) Institutional Positions Chart

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