Principal Financial Group Has Decreased Ingersoll (IR) Position; Shorts at Mei Pharma (MEIP) Raised By 14.22%

November 15, 2017 - By reb123z

Principal Financial Group Inc decreased Ingersoll (IR) stake by 6.12% reported in 2017Q2 SEC filing. Principal Financial Group Inc sold 48,487 shares as Ingersoll (IR)’s stock rose 10.19%. The Principal Financial Group Inc holds 743,754 shares with $67.97M value, down from 792,241 last quarter. Ingersoll now has $21.16B valuation. It closed at $84.7 lastly. It is down 39.42% since November 15, 2016 and is uptrending. It has outperformed by 22.72% the S&P500.

Mei Pharma Incorporated (NASDAQ:MEIP) had an increase of 14.22% in short interest. MEIP’s SI was 649,100 shares in November as released by FINRA. Its up 14.22% from 568,300 shares previously. With 250,300 avg volume, 3 days are for Mei Pharma Incorporated (NASDAQ:MEIP)’s short sellers to cover MEIP’s short positions. The SI to Mei Pharma Incorporated’s float is 1.9%. It closed at $2.25 lastly. It is down 20.90% since November 15, 2016 and is uptrending. It has outperformed by 4.20% the S&P500.

Analysts await Ingersoll-Rand PLC (NYSE:IR) to report earnings on February, 7. They expect $1.03 earnings per share, up 22.62% or $0.19 from last year’s $0.84 per share. IR’s profit will be $257.32 million for 20.56 P/E if the $1.03 EPS becomes a reality. After $1.44 actual earnings per share reported by Ingersoll-Rand PLC for the previous quarter, Wall Street now forecasts -28.47% negative EPS growth.

Among 22 analysts covering Ingersoll-Rand Plc (NYSE:IR), 11 have Buy rating, 0 Sell and 11 Hold. Therefore 50% are positive. Ingersoll-Rand Plc had 59 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse on Wednesday, April 12 with “Buy”. Jefferies maintained it with “Buy” rating and $105.0 target in Friday, October 13 report. The stock of Ingersoll-Rand PLC (NYSE:IR) earned “Neutral” rating by Susquehanna on Thursday, April 14. The stock of Ingersoll-Rand PLC (NYSE:IR) earned “Buy” rating by Citigroup on Thursday, January 21. J.P. Morgan downgraded Ingersoll-Rand PLC (NYSE:IR) on Wednesday, September 20 to “Hold” rating. The firm earned “Sector Perform” rating on Wednesday, October 28 by RBC Capital Markets. Stifel Nicolaus maintained Ingersoll-Rand PLC (NYSE:IR) on Thursday, October 26 with “Buy” rating. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 28. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, September 28. KeyBanc Capital Markets downgraded the shares of IR in report on Friday, September 9 to “Sector Weight” rating.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.14, from 1.02 in 2017Q1. It dived, as 45 investors sold IR shares while 217 reduced holdings. 71 funds opened positions while 159 raised stakes. 201.02 million shares or 1.95% less from 205.01 million shares in 2017Q1 were reported. Baker Avenue Asset Management Limited Partnership holds 0.1% of its portfolio in Ingersoll-Rand PLC (NYSE:IR) for 8,566 shares. Illinois-based Ativo Capital Mngmt has invested 0.42% in Ingersoll-Rand PLC (NYSE:IR). Focused Wealth Mngmt Inc reported 0% of its portfolio in Ingersoll-Rand PLC (NYSE:IR). Moreover, Atlanta has 0.27% invested in Ingersoll-Rand PLC (NYSE:IR) for 18,205 shares. Hanseatic Svcs stated it has 0.02% in Ingersoll-Rand PLC (NYSE:IR). Moreover, Swiss Fincl Bank has 0.1% invested in Ingersoll-Rand PLC (NYSE:IR). St Germain D J Com reported 0.03% in Ingersoll-Rand PLC (NYSE:IR). Moreover, Wunderlich Capital Managemnt has 1.13% invested in Ingersoll-Rand PLC (NYSE:IR). 129,931 were reported by Amer Intl Grp Inc. Teachers Retirement Of The State Of Kentucky invested in 0.03% or 28,450 shares. Advisory Inc holds 12,407 shares or 0.01% of its portfolio. Ls Inv Ltd Llc invested in 0.05% or 8,850 shares. Schroder Invest Group has 74,515 shares for 0.01% of their portfolio. Shamrock Asset Management Ltd Liability invested 0% in Ingersoll-Rand PLC (NYSE:IR). 7,920 are held by Trustmark National Bank & Trust Tru Department.

Principal Financial Group Inc increased Broadridge Finl Solutions In (NYSE:BR) stake by 674,307 shares to 1.41 million valued at $106.40M in 2017Q2. It also upped Davita Inc (NYSE:DVA) stake by 42,923 shares and now owns 2.91M shares. Five Below Inc (NASDAQ:FIVE) was raised too.

MEI Pharma, Inc. is an oncology company. The company has market cap of $83.28 million. The Firm is focused on the clinical development of drugs and therapies for treatment of cancer. It currently has negative earnings. The Company’s portfolio of clinical drug candidates includes Pracinostat, ME-344 and PWT143.

Among 3 analysts covering MEI Pharma (NASDAQ:MEIP), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. MEI Pharma had 7 analyst reports since September 4, 2015 according to SRatingsIntel. Wedbush maintained MEI Pharma Inc (NASDAQ:MEIP) on Friday, September 4 with “Hold” rating. Oppenheimer maintained MEI Pharma Inc (NASDAQ:MEIP) rating on Wednesday, June 14. Oppenheimer has “Buy” rating and $6.5000 target. Stifel Nicolaus maintained the shares of MEIP in report on Wednesday, September 6 with “Hold” rating. Oppenheimer maintained it with “Buy” rating and $6.5000 target in Wednesday, August 2 report. On Wednesday, May 31 the stock rating was maintained by Oppenheimer with “Buy”. The rating was maintained by Oppenheimer on Monday, June 26 with “Buy”.

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