As Quidel (QDEL) Stock Value Rose, Oracle Investment Management Trimmed Its Position by $1.59 Million; As Jpmorgan Chase (JPM) Stock Value Rose, Nordea Investment Management Ab Has Cut Position

May 21, 2018 - By Louis Casey

JPMorgan Chase & Co. (NYSE:JPM) Logo

Nordea Investment Management Ab decreased its stake in Jpmorgan Chase (JPM) by 4.07% based on its latest 2017Q4 regulatory filing with the SEC. Nordea Investment Management Ab sold 252,141 shares as the company’s stock rose 0.67% while stock markets declined. The institutional investor held 5.94 million shares of the major banks company at the end of 2017Q4, valued at $635.07M, down from 6.19 million at the end of the previous reported quarter. Nordea Investment Management Ab who had been investing in Jpmorgan Chase for a number of months, seems to be less bullish one the $378.32B market cap company. The stock decreased 1.62% or $1.83 during the last trading session, reaching $111.13. About 11.81M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.99% since May 21, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.

Oracle Investment Management Inc decreased its stake in Quidel Corp (QDEL) by 1.52% based on its latest 2017Q4 regulatory filing with the SEC. Oracle Investment Management Inc sold 36,868 shares as the company’s stock rose 13.06% while stock markets declined. The hedge fund held 2.39M shares of the in vitro & in vivo diagnostic substances company at the end of 2017Q4, valued at $103.54 million, down from 2.43 million at the end of the previous reported quarter. Oracle Investment Management Inc who had been investing in Quidel Corp for a number of months, seems to be less bullish one the $2.40B market cap company. The stock increased 1.14% or $0.72 during the last trading session, reaching $63.97. About 260,576 shares traded. Quidel Corporation (NASDAQ:QDEL) has risen 128.16% since May 21, 2017 and is uptrending. It has outperformed by 116.61% the S&P500.

Since December 8, 2017, it had 0 insider purchases, and 10 selling transactions for $15.81 million activity. Shares for $2.02 million were sold by BRYANT DOUGLAS C. Bujarski Robert Joseph sold 110,704 shares worth $4.40M. $1.35 million worth of Quidel Corporation (NASDAQ:QDEL) shares were sold by BORKAR RATAN S. STEWARD RANDALL J sold 36,383 shares worth $1.46M. 16,358 shares valued at $661,529 were sold by Kroll Werner on Friday, December 8.

Oracle Investment Management Inc, which manages about $877.33 million and $503.31M US Long portfolio, upped its stake in Tesaro Inc (NASDAQ:TSRO) by 791,242 shares to 891,242 shares, valued at $73.71M in 2017Q4, according to the filing. It also increased its holding in Contrafect Corp (NASDAQ:CFRX) by 718,385 shares in the quarter, for a total of 2.90 million shares, and has risen its stake in Accelerate Diagnostics Inc.

Investors sentiment decreased to 1.17 in Q4 2017. Its down 0.03, from 1.2 in 2017Q3. It turned negative, as 18 investors sold QDEL shares while 35 reduced holdings. 27 funds opened positions while 35 raised stakes. 30.94 million shares or 0.83% more from 30.68 million shares in 2017Q3 were reported. Cornerstone Capital Llc reported 3,600 shares. Boston Limited Liability Com, a Massachusetts-based fund reported 16,405 shares. Eam Invsts Ltd Co owns 45,737 shares or 0.26% of their US portfolio. Goldman Sachs Gru stated it has 0.01% in Quidel Corporation (NASDAQ:QDEL). Peak6 Ltd Partnership holds 893 shares or 0% of its portfolio. King Luther Capital Mngmt Corporation holds 13,500 shares. Royal Financial Bank Of Canada invested 0% of its portfolio in Quidel Corporation (NASDAQ:QDEL). Metropolitan Life Insur invested in 0.01% or 9,220 shares. Invesco owns 77,709 shares for 0% of their portfolio. Teacher Retirement Systems Of Texas stated it has 9,715 shares. Macquarie Grp Ltd owns 1.13 million shares for 0.09% of their portfolio. Illinois-based Citadel Advisors has invested 0% in Quidel Corporation (NASDAQ:QDEL). Teton Advisors stated it has 147,061 shares or 0.59% of all its holdings. Schwab Charles Inv Mngmt reported 192,647 shares or 0.01% of all its holdings. 27,800 were accumulated by Ameriprise.

Among 9 analysts covering Quidel (NASDAQ:QDEL), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Quidel had 36 analyst reports since September 2, 2015 according to SRatingsIntel. The company was initiated on Monday, March 26 by Craig Hallum. As per Tuesday, January 2, the company rating was maintained by Canaccord Genuity. The stock of Quidel Corporation (NASDAQ:QDEL) earned “Strong Buy” rating by Raymond James on Thursday, March 8. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, September 19. The rating was maintained by William Blair on Friday, April 13 with “Buy”. The stock has “Overweight” rating by Barclays Capital on Thursday, November 2. Canaccord Genuity maintained the shares of QDEL in report on Friday, January 8 with “Buy” rating. Craig Hallum downgraded the shares of QDEL in report on Friday, October 23 to “Hold” rating. On Monday, June 13 the stock rating was upgraded by Raymond James to “Outperform”. Raymond James maintained Quidel Corporation (NASDAQ:QDEL) rating on Thursday, July 27. Raymond James has “Outperform” rating and $41 target.

More news for Quidel Corporation (NASDAQ:QDEL) were recently published by: Seekingalpha.com, which released: “Quidel’s (QDEL) CEO Doug Bryant on Q1 2018 Results – Earnings Call Transcript” on May 09, 2018. Businesswire.com‘s article titled: “Quidel to Present at UBS Global Healthcare Conference” and published on May 15, 2018 is yet another important article.

Analysts await Quidel Corporation (NASDAQ:QDEL) to report earnings on July, 25. They expect $0.22 earnings per share, up 162.86% or $0.57 from last year’s $-0.35 per share. QDEL’s profit will be $8.24M for 72.69 P/E if the $0.22 EPS becomes a reality. After $1.23 actual earnings per share reported by Quidel Corporation for the previous quarter, Wall Street now forecasts -82.11% negative EPS growth.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13. They expect $2.26 earnings per share, up 24.18% or $0.44 from last year’s $1.82 per share. JPM’s profit will be $7.69 billion for 12.29 P/E if the $2.26 EPS becomes a reality. After $2.37 actual earnings per share reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -4.64% negative EPS growth.

Nordea Investment Management Ab, which manages about $42.34B US Long portfolio, upped its stake in Stericycle (NASDAQ:SRCL) by 26,169 shares to 89,022 shares, valued at $6.05 million in 2017Q4, according to the filing. It also increased its holding in First Merchants (NASDAQ:FRME) by 16,593 shares in the quarter, for a total of 293,563 shares, and has risen its stake in Kennedy (NYSE:KW).

Since January 13, 2018, it had 3 buys, and 8 insider sales for $18.63 million activity. 18,000 shares were bought by HOBSON MELLODY L, worth $2.00 million. Erdoes Mary E. had sold 65,101 shares worth $7.31 million. Another trade for 9,194 shares valued at $1.03M was sold by Lake Marianne. $1.99M worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Friedman Stacey on Saturday, January 13. $425,399 worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Giles Nicole on Saturday, January 13. BACON ASHLEY sold $1.84 million worth of stock or 16,434 shares.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.03, from 0.91 in 2017Q3. It dived, as 55 investors sold JPM shares while 802 reduced holdings. 142 funds opened positions while 611 raised stakes. 2.46 billion shares or 1.60% less from 2.50 billion shares in 2017Q3 were reported. Rench Wealth Mngmt holds 43,073 shares or 3% of its portfolio. Edge Wealth Mngmt Ltd Liability invested in 86,752 shares. Barnett & Inc invested in 1,764 shares. Northwest Invest Counselors Limited Liability Com holds 0.08% or 1,922 shares. Wilbanks Smith And Thomas Asset Mgmt Limited reported 24,061 shares or 0.2% of all its holdings. Papp L Roy & Associate invested in 37,231 shares or 0.79% of the stock. Gradient Investments Ltd Liability Corp has invested 0.5% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Concorde Asset Management Ltd Liability Com has invested 0.96% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Creative Planning has invested 0.2% in JPMorgan Chase & Co. (NYSE:JPM). Northern Capital Mgmt reported 47,377 shares or 1.31% of all its holdings. Moreover, Castleark Mgmt Limited Com has 0.39% invested in JPMorgan Chase & Co. (NYSE:JPM) for 122,100 shares. Taurus Asset Management Limited Liability Corporation has 207,855 shares for 3.27% of their portfolio. Spears Abacus Advsrs Limited Company accumulated 3.18% or 244,100 shares. Stearns Services Grp owns 14,792 shares or 0.38% of their US portfolio. 119,264 were reported by Haverford Financial Services.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Seekingalpha.com which released: “JPMorgan doubles down on AI” on May 04, 2018, also Seekingalpha.com with their article: “JPMorgan Chase & Co’s (JPM) CEO Jamie Dimon Hosts Annual Shareholders Meeting Broker Conference Call …” published on May 15, 2018, Seekingalpha.com published: “JPMorgan to open up alternative investments to a broader client base” on May 17, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Seekingalpha.com and their article: “Forge First Funds April 2018 Commentary – Danger With Canadian Natural Gas” published on May 20, 2018 as well as Seekingalpha.com‘s news article titled: “JPMorgan Chase: A Compelling Upside Case” with publication date: May 03, 2018.

Quidel Corporation (NASDAQ:QDEL) Institutional Positions Chart

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