Ack Asset Management Cut Advanced Drainage Systems In (WMS) Holding by $11.00 Million; Market Value Declined; Amgen Com (AMGN) Shareholder Timber Creek Capital Management Has Lowered Its Holding as Market Value Declined

February 12, 2018 - By Vivian Park

Richard S. Meisenberg decreased its stake in Advanced Drainage Systems In (WMS) by 40% based on its latest 2017Q3 regulatory filing with the SEC. Ack Asset Management Llc sold 550,000 shares as the company’s stock declined 0.22% while stock markets rallied. The hedge fund run by Richard S. Meisenberg held 825,000 shares of the capital goods company at the end of 2017Q3, valued at $16.71M, down from 1.38 million at the end of the previous reported quarter. Ack Asset Management Llc who had been investing in Advanced Drainage Systems In for a number of months, seems to be less bullish one the $1.51B market cap company. The stock increased 7.70% or $1.925 during the last trading session, reaching $26.925. About 425,849 shares traded or 61.63% up from the average. Advanced Drainage Systems, Inc. (NYSE:WMS) has declined 0.13% since February 12, 2017 and is downtrending. It has underperformed by 16.83% the S&P500.

Timber Creek Capital Management Llc decreased its stake in Amgen Inc Com (AMGN) by 9.37% based on its latest 2017Q3 regulatory filing with the SEC. Timber Creek Capital Management Llc sold 1,900 shares as the company’s stock declined 9.68% while stock markets rallied. The institutional investor held 18,387 shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $3.43 million, down from 20,287 at the end of the previous reported quarter. Timber Creek Capital Management Llc who had been investing in Amgen Inc Com for a number of months, seems to be less bullish one the $126.08 billion market cap company. The stock increased 0.67% or $1.16 during the last trading session, reaching $174.62. About 2.02 million shares traded. Amgen Inc. (NASDAQ:AMGN) has risen 5.27% since February 12, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.

Investors sentiment increased to 1.59 in Q3 2017. Its up 0.59, from 1 in 2017Q2. It is positive, as 11 investors sold WMS shares while 23 reduced holdings. 18 funds opened positions while 36 raised stakes. 42.73 million shares or 3.33% more from 41.35 million shares in 2017Q2 were reported. Moreover, Credit Agricole S A has 0.06% invested in Advanced Drainage Systems, Inc. (NYSE:WMS). Quantbot Technologies Lp holds 2,143 shares. Jpmorgan Chase stated it has 0.01% of its portfolio in Advanced Drainage Systems, Inc. (NYSE:WMS). Guggenheim Cap Lc reported 144,629 shares. Renaissance Technology, a New York-based fund reported 25,300 shares. California Employees Retirement Sys reported 0.01% in Advanced Drainage Systems, Inc. (NYSE:WMS). Dimensional Fund Advsrs Limited Partnership invested in 611,249 shares. Citadel Limited Com has invested 0% in Advanced Drainage Systems, Inc. (NYSE:WMS). Manufacturers Life The holds 0% or 27,758 shares in its portfolio. Torch Wealth Mngmt Limited Liability Co, a Ohio-based fund reported 18,380 shares. State Street Corporation, a Massachusetts-based fund reported 662,761 shares. Principal Group holds 47,574 shares. Moreover, Gardner Lewis Asset Management Limited Partnership has 0.08% invested in Advanced Drainage Systems, Inc. (NYSE:WMS) for 61,000 shares. California-based Schwab Charles Invest Management Inc has invested 0% in Advanced Drainage Systems, Inc. (NYSE:WMS). Geode Capital Management Lc holds 0% or 293,369 shares.

Ack Asset Management Llc, which manages about $419.76M and $362.19M US Long portfolio, upped its stake in Verint Systems Inc (NASDAQ:VRNT) by 81,500 shares to 345,000 shares, valued at $14.44 million in 2017Q3, according to the filing. It also increased its holding in Playa Hotels & Resorts Nv by 308,000 shares in the quarter, for a total of 1.15M shares, and has risen its stake in Continental Building Product (NYSE:CBPX).

Among 6 analysts covering Advanced Drainage Systems (NYSE:WMS), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Advanced Drainage Systems had 25 analyst reports since November 24, 2015 according to SRatingsIntel. The stock has “Hold” rating by Boenning & Scattergood on Friday, May 26. RBC Capital Markets maintained Advanced Drainage Systems, Inc. (NYSE:WMS) rating on Wednesday, February 24. RBC Capital Markets has “Outperform” rating and $24 target. The firm earned “Outperform” rating on Friday, November 3 by Robert W. Baird. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, November 24 report. The rating was downgraded by Boenning & Scattergood to “Neutral” on Thursday, August 11. The stock has “Hold” rating by RBC Capital Markets on Monday, May 29. As per Friday, May 26, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating by Robert W. Baird given on Wednesday, October 4. The stock of Advanced Drainage Systems, Inc. (NYSE:WMS) has “Buy” rating given on Thursday, September 7 by Robert W. Baird. Deutsche Bank maintained Advanced Drainage Systems, Inc. (NYSE:WMS) rating on Thursday, March 31. Deutsche Bank has “Hold” rating and $24 target.

Investors sentiment decreased to 0.99 in Q3 2017. 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. John G Ullman And Associates invested in 0.46% or 12,758 shares. Farmers Company stated it has 28,982 shares. Invest Counsel Incorporated has 1,655 shares. Davidson Advisors accumulated 57,573 shares. Parametric Port Associate Limited Liability Corp holds 2.33 million shares or 0.49% of its portfolio. Rodgers Brothers has invested 0.29% in Amgen Inc. (NASDAQ:AMGN). Ssi Investment holds 2,744 shares or 0.04% of its portfolio. Freestone Cap Holdg Ltd Liability Co accumulated 33,270 shares. Seabridge Investment Advsrs Ltd Limited Liability Company reported 18,645 shares. Art Advisors Lc reported 0.16% stake. The Pennsylvania-based Coho Ltd has invested 4.63% in Amgen Inc. (NASDAQ:AMGN). Legal General Gp Public Limited Company holds 0.53% or 3.78 million shares in its portfolio. Cleararc Cap Inc holds 23,620 shares or 0.66% of its portfolio. Cullinan Associates invested in 1.4% or 97,752 shares. Stearns Financial Grp invested 0.23% of its portfolio in Amgen Inc. (NASDAQ:AMGN).

Among 25 analysts covering Amgen Inc. (NASDAQ:AMGN), 11 have Buy rating, 0 Sell and 14 Hold. Therefore 44% are positive. Amgen Inc. had 85 analyst reports since August 3, 2015 according to SRatingsIntel. Argus Research maintained Amgen Inc. (NASDAQ:AMGN) on Monday, February 8 with “Buy” rating. Oppenheimer maintained Amgen Inc. (NASDAQ:AMGN) on Wednesday, August 23 with “Buy” rating. The rating was initiated by Wells Fargo on Friday, December 4 with “Market Perform”. The company was upgraded on Thursday, November 5 by Piper Jaffray. The rating was maintained by Credit Suisse with “Neutral” on Friday, February 2. The rating was initiated by Atlantic Securities on Friday, December 18 with “Overweight”. Barclays Capital maintained Amgen Inc. (NASDAQ:AMGN) rating on Friday, October 13. Barclays Capital has “Equal-Weight” rating and $190 target. As per Tuesday, September 1, the company rating was initiated by Raymond James. The company was maintained on Monday, June 19 by Oppenheimer. Mizuho initiated the stock with “Buy” rating in Tuesday, November 8 report.

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