As Cigna (CI) Share Price Rose, Shareholder First Mercantile Trust Co Has Lowered by $727,260 Its Position; Prgx Global (PRGX) Holder Cannell Capital Has Upped Position by $713,517 as Market Value Rose

February 15, 2018 - By Marguerite Chambers

First Mercantile Trust Co decreased its stake in Cigna Corp (CI) by 20.92% based on its latest 2017Q3 regulatory filing with the SEC. First Mercantile Trust Co sold 3,910 shares as the company’s stock rose 11.09% with the market. The institutional investor held 14,780 shares of the medical specialities company at the end of 2017Q3, valued at $2.76 million, down from 18,690 at the end of the previous reported quarter. First Mercantile Trust Co who had been investing in Cigna Corp for a number of months, seems to be less bullish one the $47.74 billion market cap company. The stock increased 0.08% or $0.15 during the last trading session, reaching $195.7. About 174,100 shares traded. Cigna Corporation (NYSE:CI) has risen 23.57% since February 15, 2017 and is uptrending. It has outperformed by 6.87% the S&P500.

J. Carlo Cannell increased its stake in Prgx Global Inc (PRGX) by 11.14% based on its latest 2017Q3 regulatory filing with the SEC. Cannell Capital Llc bought 101,931 shares as the company’s stock rose 5.93% with the market. The hedge fund run by J. Carlo Cannell held 1.02M shares of the consumer services company at the end of 2017Q3, valued at $7.12M, up from 914,762 at the end of the previous reported quarter. Cannell Capital Llc who had been investing in Prgx Global Inc for a number of months, seems to be bullish on the $170.20 million market cap company. The stock increased 0.66% or $0.05 during the last trading session, reaching $7.6. About 37,324 shares traded or 52.06% up from the average. PRGX Global, Inc. (NASDAQ:PRGX) has risen 32.42% since February 15, 2017 and is uptrending. It has outperformed by 15.72% the S&P500.

Cannell Capital Llc, which manages about $347.86 million and $340.46M US Long portfolio, decreased its stake in Servicesource Intl Inc (NASDAQ:SREV) by 143,674 shares to 435,558 shares, valued at $1.51M in 2017Q3, according to the filing. It also reduced its holding in Rignet Inc (NASDAQ:RNET) by 265,410 shares in the quarter, leaving it with 15,000 shares, and cut its stake in Jernigan Cap Inc.

Since December 12, 2017, it had 4 insider purchases, and 0 selling transactions for $1.25 million activity. Another trade for 3,380 shares valued at $25,005 was made by OWENS GREGORY J on Wednesday, December 13. 12,500 shares valued at $94,023 were bought by WHITTERS JOSEPH E on Tuesday, December 12.

Investors sentiment increased to 1 in 2017 Q3. Its up 0.13, from 0.87 in 2017Q2. It increased, as 5 investors sold PRGX shares while 13 reduced holdings. 6 funds opened positions while 12 raised stakes. 15.32 million shares or 0.29% less from 15.37 million shares in 2017Q2 were reported. California Pub Employees Retirement has invested 0% in PRGX Global, Inc. (NASDAQ:PRGX). Acadian Asset Mgmt Limited Company reported 0.01% of its portfolio in PRGX Global, Inc. (NASDAQ:PRGX). Blackrock holds 0% of its portfolio in PRGX Global, Inc. (NASDAQ:PRGX) for 844,342 shares. Boston Ptnrs reported 192,958 shares. Nationwide Fund Advsr holds 0% or 1,900 shares in its portfolio. Credit Agricole S A owns 0% invested in PRGX Global, Inc. (NASDAQ:PRGX) for 46,259 shares. Wellington Mgmt Llp holds 0% or 1.99M shares in its portfolio. Vanguard Gru owns 1.11M shares or 0% of their US portfolio. Teton owns 0.1% invested in PRGX Global, Inc. (NASDAQ:PRGX) for 158,259 shares. Lsv Asset holds 0% or 126,800 shares. 289,800 were reported by Rbf Capital Ltd. Morgan Stanley owns 123,527 shares. Commercial Bank Of America Corporation De holds 4,000 shares. Schwab Charles Invest accumulated 11,000 shares or 0% of the stock. Gsa Cap Ptnrs Limited Liability Partnership invested in 0.02% or 38,049 shares.

Since August 16, 2017, it had 0 buys, and 8 sales for $8.84 million activity. HARRIS ISAIAH JR sold $44,382 worth of stock or 212 shares. On Tuesday, January 16 the insider ZARCONE DONNA F sold $1.29 million. Bacus Lisa R also sold $402,366 worth of Cigna Corporation (NYSE:CI) on Wednesday, August 16. HENNEY JANE E MD sold $85,184 worth of stock or 400 shares. Shares for $230,662 were sold by ZOLLARS WILLIAM D.

Investors sentiment is 0.96 in Q3 2017. Its the same as in 2017Q2. It has no change, as 47 investors sold CI shares while 249 reduced holdings. only 72 funds opened positions while 212 raised stakes. 206.32 million shares or 5.35% less from 217.98 million shares in 2017Q2 were reported. Bradley Foster And Sargent Ct reported 24,816 shares or 0.18% of all its holdings. Notis has invested 0.25% of its portfolio in Cigna Corporation (NYSE:CI). 9,175 were accumulated by Aimz Inv Advsr Lc. Bluecrest Cap Limited owns 39,128 shares or 0.3% of their US portfolio. 2,178 were reported by Da Davidson. Meritage Mngmt holds 34,735 shares. Cordasco Financial Net invested in 0.04% or 197 shares. Moreover, Morgan Stanley has 0.05% invested in Cigna Corporation (NYSE:CI) for 894,824 shares. Tarbox Family Office has 0.01% invested in Cigna Corporation (NYSE:CI). National Bank Of Nova Scotia stated it has 43,860 shares or 0.05% of all its holdings. Grisanti Cap Management Ltd Liability owns 2,740 shares for 0.21% of their portfolio. E&G Advsrs Ltd Partnership owns 1,100 shares for 0.09% of their portfolio. Sectoral Asset Mgmt Incorporated invested in 45,615 shares. Ibm Retirement Fund has 6,190 shares for 0.23% of their portfolio. Pdt Ltd Co invested in 0.84% or 136,598 shares.

Among 20 analysts covering CIGNA (NYSE:CI), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. CIGNA had 59 analyst reports since July 27, 2015 according to SRatingsIntel. As per Friday, November 3, the company rating was initiated by Credit Suisse. The firm has “Buy” rating given on Wednesday, August 5 by Zacks. The rating was maintained by Morgan Stanley on Thursday, August 17 with “Overweight”. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, May 8 report. The stock of Cigna Corporation (NYSE:CI) earned “Buy” rating by Oppenheimer on Friday, August 4. The company was maintained on Thursday, October 12 by RBC Capital Markets. The firm has “Hold” rating given on Friday, September 23 by Evercore. The stock of Cigna Corporation (NYSE:CI) has “Buy” rating given on Friday, February 2 by Leerink Swann. The stock of Cigna Corporation (NYSE:CI) has “Buy” rating given on Monday, July 27 by Sterne Agee CRT. Citigroup initiated the shares of CI in report on Friday, October 2 with “Buy” rating.

First Mercantile Trust Co, which manages about $552.84M US Long portfolio, upped its stake in Alibaba Group Holding Sp Adr (NYSE:BABA) by 2,309 shares to 6,935 shares, valued at $1.20 million in 2017Q3, according to the filing. It also increased its holding in Chevron Corp (NYSE:CVX) by 22,805 shares in the quarter, for a total of 35,958 shares, and has risen its stake in Teladoc Inc.

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