Invitae (NVTA) Reaches $6.69 After 8.00% Up Move; Marshall Wace Llp Cut Its Wpx Energy (WPX) Stake

May 18, 2018 - By Hazel Jackson

Invitae Corporation (NYSE:NVTA) Logo

Marshall Wace Llp decreased Wpx Energy (WPX) stake by 92.82% reported in 2017Q4 SEC filing. Marshall Wace Llp sold 225,062 shares as Wpx Energy (WPX)’s stock rose 0.29%. The Marshall Wace Llp holds 17,419 shares with $245,000 value, down from 242,481 last quarter. Wpx Energy now has $7.43 billion valuation. The stock decreased 1.33% or $0.25 during the last trading session, reaching $18.6. About 1.64M shares traded. WPX Energy, Inc. (NYSE:WPX) has risen 11.34% since May 18, 2017 and is uptrending. It has underperformed by 0.21% the S&P500.

The stock of Invitae Corporation (NYSE:NVTA) is a huge mover today! The stock increased 2.30% or $0.1502 during the last trading session, reaching $6.6902. About 174,180 shares traded. Invitae Corporation (NYSE:NVTA) has declined 48.72% since May 18, 2017 and is downtrending. It has underperformed by 60.27% the S&P500.The move comes after 9 months positive chart setup for the $432.90 million company. It was reported on May, 18 by Barchart.com. We have $7.23 PT which if reached, will make NYSE:NVTA worth $34.63 million more.

Analysts await Invitae Corporation (NYSE:NVTA) to report earnings on August, 6. They expect $-0.61 earnings per share, up 7.58% or $0.05 from last year’s $-0.66 per share. After $-0.66 actual earnings per share reported by Invitae Corporation for the previous quarter, Wall Street now forecasts -7.58% EPS growth.

More recent Invitae Corporation (NYSE:NVTA) news were published by: Seekingalpha.com which released: “Invitae Beats And Raises – Upside Is Here” on May 16, 2018. Also Seekingalpha.com published the news titled: “Invitae’s (NVTA) CEO Sean George on Q1 2018 Results – Earnings Call Transcript” on May 10, 2018. Fool.com‘s news article titled: “Here’s Why Invitae Rose as Much as 13.9% Today” with publication date: May 10, 2018 was also an interesting one.

Invitae Corporation, a genetic information company, focuses on bringing comprehensive genetic information into mainstream medical practice to enhance the quality of healthcare in the United States, Canada, Israel, and internationally. The company has market cap of $432.90 million. The firm processes DNA-containing samples, analyzes information about patient-specific genetic variation, and generates test reports for clinicians and their patients using an integrated portfolio of laboratory processes, software tools, and informatics capabilities. It currently has negative earnings. It provides a diagnostic service comprising hundreds of genes for various genetic disorders associated with oncology, cardiology, neurology, pediatrics, and other rare disease areas.

Among 4 analysts covering Invitae (NYSE:NVTA), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Invitae had 8 analyst reports since August 14, 2015 according to SRatingsIntel. Leerink Swann maintained Invitae Corporation (NYSE:NVTA) rating on Tuesday, November 7. Leerink Swann has “Outperform” rating and $12 target. The rating was maintained by Benchmark with “Buy” on Monday, April 3. Benchmark upgraded it to “Buy” rating and $11 target in Tuesday, February 14 report. The rating was initiated by William Blair with “Mkt Perform” on Friday, August 14. JP Morgan maintained Invitae Corporation (NYSE:NVTA) on Tuesday, August 9 with “Overweight” rating. The rating was downgraded by Leerink Swann on Thursday, January 28 to “Mkt Perform”. The stock of Invitae Corporation (NYSE:NVTA) earned “Overweight” rating by JP Morgan on Tuesday, February 13. The rating was reinitiated by Leerink Swann on Thursday, November 10 with “Outperform”.

Among 34 analysts covering WPX Energy (NYSE:WPX), 31 have Buy rating, 0 Sell and 3 Hold. Therefore 91% are positive. WPX Energy had 124 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by Deutsche Bank on Tuesday, June 14. The stock has “Buy” rating by Seaport Global on Friday, March 31. The rating was maintained by Piper Jaffray with “Buy” on Wednesday, April 18. Goldman Sachs upgraded it to “Buy” rating and $21.0 target in Thursday, February 1 report. The firm earned “Buy” rating on Thursday, April 13 by Stifel Nicolaus. The rating was maintained by BMO Capital Markets on Monday, November 6 with “Buy”. The rating was upgraded by Barclays Capital to “Equal Weight” on Monday, October 17. The stock has “Neutral” rating by PiperJaffray on Monday, September 18. Suntrust Robinson initiated it with “Buy” rating and $10 target in Tuesday, December 15 report. The stock of WPX Energy, Inc. (NYSE:WPX) earned “Buy” rating by Northland Capital on Monday, August 21.

Investors sentiment decreased to 1.04 in Q4 2017. Its down 0.25, from 1.29 in 2017Q3. It turned negative, as 32 investors sold WPX shares while 105 reduced holdings. 57 funds opened positions while 85 raised stakes. 381.83 million shares or 0.86% less from 385.12 million shares in 2017Q3 were reported. Axiom Intll Invsts Limited Liability Co De reported 434,445 shares. Zwj Inv Counsel has 14,866 shares for 0.02% of their portfolio. Weiss Multi reported 907,298 shares. Oppenheimer Asset Management holds 0.03% in WPX Energy, Inc. (NYSE:WPX) or 85,626 shares. 136 are held by Oakworth Cap Inc. Sir Cap Lp accumulated 978,831 shares. Great West Life Assurance Can has 238,983 shares for 0.01% of their portfolio. State Of Wisconsin Investment Board accumulated 0% or 81,262 shares. First Manhattan Comm, New York-based fund reported 7,500 shares. Kingdon Capital Management Limited Liability owns 1.30 million shares for 1.18% of their portfolio. Peak6 Invs Lp holds 49,580 shares. Tower Research (Trc) invested in 117 shares. Jennison Assoc Limited Com invested 0.16% of its portfolio in WPX Energy, Inc. (NYSE:WPX). Loring Wolcott & Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma accumulated 0% or 3,666 shares. Texas Permanent School Fund holds 0.05% in WPX Energy, Inc. (NYSE:WPX) or 268,936 shares.

Marshall Wace Llp increased Citizens Financi (NYSE:CFG) stake by 360,070 shares to 408,147 valued at $17.13 million in 2017Q4. It also upped Activision Blizz (NASDAQ:ATVI) stake by 56,739 shares and now owns 228,360 shares. Liberty Global (NASDAQ:LBTYK) was raised too.

Analysts await WPX Energy, Inc. (NYSE:WPX) to report earnings on August, 1. They expect $0.01 earnings per share, up 107.14% or $0.15 from last year’s $-0.14 per share. WPX’s profit will be $4.00M for 465.00 P/E if the $0.01 EPS becomes a reality. After $-0.06 actual earnings per share reported by WPX Energy, Inc. for the previous quarter, Wall Street now forecasts -116.67% EPS growth.

Since May 7, 2018, it had 0 insider buys, and 4 sales for $2.34 million activity. $270,900 worth of stock was sold by Vann J Kevin on Monday, May 7. FAULKNER STEPHEN L JR sold 8,100 shares worth $152,871. 50,000 WPX Energy, Inc. (NYSE:WPX) shares with value of $921,650 were sold by GUDERIAN BRYAN K. Gaspar Clay M had sold 55,000 shares worth $991,650.

WPX Energy, Inc. (NYSE:WPX) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


>