As Exelixis (EXEL) Share Value Declined, Baker Bros Advisors LP Lowered by $17.27 Million Its Stake; Brookfield Asset Management Has Raised Mid Amer Apt Cmntys (MAA) Stake

May 16, 2018 - By Henry Gaston

Exelixis, Inc. (NASDAQ:EXEL) Logo

Julian Baker decreased its stake in Exelixis Inc. (EXEL) by 27.64% based on its latest 2017Q4 regulatory filing with the SEC. Baker Bros Advisors Lp sold 575,513 shares as the company’s stock declined 23.85% with the market. The hedge fund run by Julian Baker held 1.51 million shares of the health care company at the end of 2017Q4, valued at $45.80 million, down from 2.08M at the end of the previous reported quarter. Baker Bros Advisors Lp who had been investing in Exelixis Inc. for a number of months, seems to be less bullish one the $6.24 billion market cap company. The stock increased 1.35% or $0.28 during the last trading session, reaching $21.01. About 6.46 million shares traded or 79.54% up from the average. Exelixis, Inc. (NASDAQ:EXEL) has risen 5.01% since May 16, 2017 and is uptrending. It has underperformed by 6.54% the S&P500.

Brookfield Asset Management Inc increased its stake in Mid Amer Apt Cmntys Inc (MAA) by 6.64% based on its latest 2017Q4 regulatory filing with the SEC. Brookfield Asset Management Inc bought 96,700 shares as the company’s stock declined 11.58% with the market. The hedge fund held 1.55M shares of the consumer services company at the end of 2017Q4, valued at $156.10M, up from 1.46M at the end of the previous reported quarter. Brookfield Asset Management Inc who had been investing in Mid Amer Apt Cmntys Inc for a number of months, seems to be bullish on the $10.52 billion market cap company. The stock decreased 2.51% or $2.3 during the last trading session, reaching $89.23. About 553,506 shares traded. Mid-America Apartment Communities, Inc. (NYSE:MAA) has declined 12.81% since May 16, 2017 and is downtrending. It has underperformed by 24.36% the S&P500.

Among 19 analysts covering Mid-America Apartment Communities (NYSE:MAA), 11 have Buy rating, 1 Sell and 7 Hold. Therefore 58% are positive. Mid-America Apartment Communities had 82 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Wednesday, November 30 by BMO Capital Markets. The firm has “Buy” rating given on Wednesday, January 31 by Cantor Fitzgerald. The stock of Mid-America Apartment Communities, Inc. (NYSE:MAA) has “Hold” rating given on Tuesday, November 10 by BB&T Capital. The stock of Mid-America Apartment Communities, Inc. (NYSE:MAA) earned “Buy” rating by SunTrust on Tuesday, July 21. As per Tuesday, October 20, the company rating was upgraded by Raymond James. Stifel Nicolaus upgraded Mid-America Apartment Communities, Inc. (NYSE:MAA) on Friday, January 19 to “Buy” rating. Raymond James downgraded the shares of MAA in report on Wednesday, November 29 to “Market Perform” rating. Mizuho downgraded the stock to “Neutral” rating in Monday, March 21 report. RBC Capital Markets maintained Mid-America Apartment Communities, Inc. (NYSE:MAA) rating on Monday, August 7. RBC Capital Markets has “Buy” rating and $11200 target. On Tuesday, September 15 the stock rating was initiated by JMP Securities with “Market Perform”.

Investors sentiment increased to 1.12 in 2017 Q4. Its up 0.06, from 1.06 in 2017Q3. It is positive, as 33 investors sold MAA shares while 129 reduced holdings. 54 funds opened positions while 128 raised stakes. 105.01 million shares or 1.42% more from 103.54 million shares in 2017Q3 were reported. Public Sector Pension Invest Board reported 5,924 shares. Cibc Markets reported 0.02% stake. Paradigm Cap Incorporated has invested 0.41% in Mid-America Apartment Communities, Inc. (NYSE:MAA). The Connecticut-based Aqr Cap Management Ltd Limited Liability Company has invested 0% in Mid-America Apartment Communities, Inc. (NYSE:MAA). Mai Capital Management stated it has 2,197 shares. Bancorporation Of Mellon invested in 0.03% or 1.08M shares. Investec Asset Mngmt owns 7,684 shares for 0% of their portfolio. Gideon Advsrs has 0.18% invested in Mid-America Apartment Communities, Inc. (NYSE:MAA). Metropolitan Life Insur Com has 0.03% invested in Mid-America Apartment Communities, Inc. (NYSE:MAA). Cipher Capital LP reported 3,073 shares. Proshare Advisors Ltd Liability holds 0.05% or 67,421 shares in its portfolio. Etrade Capital Management Limited Liability reported 8,632 shares. Rhumbline Advisers owns 227,321 shares for 0.05% of their portfolio. Summit Asset Mngmt Ltd Llc owns 8,334 shares. Nomura Asset Mgmt Ltd holds 80,254 shares or 0.09% of its portfolio.

Brookfield Asset Management Inc, which manages about $13.20B and $21.38B US Long portfolio, decreased its stake in Brixmor Ppty Group Inc (NYSE:BRX) by 1.61M shares to 4.38M shares, valued at $81.65 million in 2017Q4, according to the filing. It also reduced its holding in Phillips 66 Partners Lp (NYSE:PSXP) by 475,500 shares in the quarter, leaving it with 201,100 shares, and cut its stake in Oasis Midstream Partners Lp.

More news for Mid-America Apartment Communities, Inc. (NYSE:MAA) were recently published by: Prnewswire.com, which released: “This Morning’s Research Reports on REIT Stocks — Mid-America Apartment Communities, New Residential Investment …” on April 23, 2018. Seekingalpha.com‘s article titled: “Mid-America Apartment Communities’ (MAA) CEO Eric Bolton on Q1 2018 Results – Earnings Call Transcript” and published on May 06, 2018 is yet another important article.

Since February 21, 2018, it had 0 buys, and 1 insider sale for $622,403 activity.

Baker Bros Advisors Lp, which manages about $8.20 billion and $11.54 billion US Long portfolio, upped its stake in Ignyta Inc. (NASDAQ:RXDX) by 85,067 shares to 1.38M shares, valued at $36.96 million in 2017Q4, according to the filing. It also increased its holding in Acadia Pharmaceuticals Inc. (NASDAQ:ACAD) by 1.41M shares in the quarter, for a total of 27.23M shares, and has risen its stake in Mirati Therapeutics Inc. (NASDAQ:MRTX).

Investors sentiment increased to 1.57 in Q4 2017. Its up 0.34, from 1.23 in 2017Q3. It improved, as 26 investors sold EXEL shares while 66 reduced holdings. 59 funds opened positions while 85 raised stakes. 232.85 million shares or 1.85% less from 237.25 million shares in 2017Q3 were reported. Gradient Investments Limited Liability Company owns 8 shares. Ubs Asset Mngmt Americas holds 0.04% or 1.49 million shares in its portfolio. Ballentine Prtnrs Ltd Limited Liability Company invested in 10,000 shares. Canada Pension Plan Board invested 0.02% in Exelixis, Inc. (NASDAQ:EXEL). The Florida-based State Board Of Administration Of Florida Retirement System has invested 0.03% in Exelixis, Inc. (NASDAQ:EXEL). 139,051 are held by Citigroup Inc. Bnp Paribas Arbitrage accumulated 2,720 shares or 0% of the stock. Hanseatic Mgmt Serv has 0.1% invested in Exelixis, Inc. (NASDAQ:EXEL) for 3,284 shares. Stephens Inv Mgmt Group Inc Ltd accumulated 458,684 shares. Stifel Fincl Corporation reported 102,904 shares. Plante Moran Financial Advisors Ltd Com accumulated 117 shares. Jennison Assocs Limited Liability Corp has 4.23 million shares for 0.13% of their portfolio. Amp Cap Investors stated it has 0% of its portfolio in Exelixis, Inc. (NASDAQ:EXEL). Raymond James And Assoc invested in 80,197 shares or 0% of the stock. Moreover, Hightower Advsrs Ltd Liability Company has 0.01% invested in Exelixis, Inc. (NASDAQ:EXEL).

Since January 8, 2018, it had 0 insider buys, and 17 selling transactions for $9.14 million activity. Garber Alan M also sold $303,750 worth of Exelixis, Inc. (NASDAQ:EXEL) on Monday, April 16. On Thursday, May 3 Schwab Gisela sold $519,417 worth of Exelixis, Inc. (NASDAQ:EXEL) or 22,500 shares. $610,847 worth of Exelixis, Inc. (NASDAQ:EXEL) was sold by Haley Patrick J. on Friday, May 4. WYSZOMIERSKI JACK L sold $302,920 worth of stock. MORRISSEY MICHAEL sold $1.87 million worth of stock or 90,000 shares. Another trade for 15,000 shares valued at $360,750 was made by PAPADOPOULOS STELIOS on Friday, March 2.

More notable recent Exelixis, Inc. (NASDAQ:EXEL) news were published by: Seekingalpha.com which released: “Exelixis: Time To Excel” on May 14, 2018, also Seekingalpha.com with their article: “Exelixis: Elucidating The Recent Developments Powering A Big Winner” published on May 11, 2018, Fool.com published: “Why Exelixis Dropped Today” on May 10, 2018. More interesting news about Exelixis, Inc. (NASDAQ:EXEL) were released by: Seekingalpha.com and their article: “Reader Inquiry: Will Core Biotech Holding Exelixis Rebound?” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Exelixis’s Cabometyx Continues March Towards Blockbuster Status” with publication date: May 03, 2018.

Among 11 analysts covering Exelixis (NASDAQ:EXEL), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Exelixis had 42 analyst reports since January 19, 2016 according to SRatingsIntel. The firm has “Buy” rating given on Monday, October 16 by Needham. Piper Jaffray maintained the stock with “Buy” rating in Thursday, January 4 report. The firm has “Buy” rating given on Thursday, November 3 by Deutsche Bank. The firm has “Overweight” rating given on Monday, October 10 by Piper Jaffray. The firm earned “Buy” rating on Thursday, September 15 by Stifel Nicolaus. RBC Capital Markets maintained Exelixis, Inc. (NASDAQ:EXEL) on Tuesday, January 16 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Thursday, September 7 with “Hold”. The firm has “Buy” rating given on Monday, October 16 by RBC Capital Markets. On Monday, July 10 the stock rating was maintained by Oppenheimer with “Hold”. The stock of Exelixis, Inc. (NASDAQ:EXEL) has “Hold” rating given on Wednesday, August 16 by Oppenheimer.

Exelixis, Inc. (NASDAQ:EXEL) Institutional Positions Chart

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