Athenex (ATNX) Reaches $18.26 After 8.00% Down Move; 1492 Capital Management Has Cut Five Below (FIVE) Stake

October 12, 2017 - By Peter Erickson

1492 Capital Management Llc decreased Five Below Inc (FIVE) stake by 66.25% reported in 2017Q2 SEC filing. 1492 Capital Management Llc sold 8,948 shares as Five Below Inc (FIVE)’s stock rose 32.44%. The 1492 Capital Management Llc holds 4,559 shares with $225,000 value, down from 13,507 last quarter. Five Below Inc now has $3.03B valuation. The stock declined 2.08% or $1.16 reaching $54.82 per share. About 487,403 shares traded. Five Below Inc (NASDAQ:FIVE) has risen 35.78% since October 12, 2016 and is uptrending. It has outperformed by 19.08% the S&P500.

The stock of Athenex Inc (NASDAQ:ATNX) is a huge mover today! About 77,595 shares traded. Athenex Inc (NASDAQ:ATNX) has 0.00% since October 12, 2016 and is . It has underperformed by 16.70% the S&P500.The move comes after 7 months negative chart setup for the $1.04B company. It was reported on Oct, 12 by Barchart.com. We have $16.80 PT which if reached, will make NASDAQ:ATNX worth $83.20M less.

Athenex, Inc. is an oncology pharmaceutical firm focused on the development and commercialization of therapies for cancer diseases and supportive therapies. The company has market cap of $1.04 billion. The Company’s technology platform is organized into three categories, including Oral Absorption Platform, Src Kinase Inhibitors and Symptom Therapeutics. It currently has negative earnings. The Firm offers Oraxol, an oral formulation of paclitaxel; Orateacan, an oral formulation of Irinotecan; Oradoxel, an oral formulation of Docetaxel, and an oral formulation of Topotecan for the treatment of various types of cancers.

Among 18 analysts covering Five Below (NASDAQ:FIVE), 10 have Buy rating, 0 Sell and 8 Hold. Therefore 56% are positive. Five Below had 43 analyst reports since September 3, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Monday, October 2. The rating was maintained by Jefferies with “Buy” on Thursday, September 28. The company was downgraded on Wednesday, June 14 by KeyBanc Capital Markets. UBS maintained Five Below Inc (NASDAQ:FIVE) rating on Friday, June 2. UBS has “Buy” rating and $5900 target. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, August 30. The stock of Five Below Inc (NASDAQ:FIVE) earned “Hold” rating by KeyBanc Capital Markets on Wednesday, September 27. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, June 3. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, December 1 report. The rating was initiated by Citigroup with “Buy” on Tuesday, October 11. Barclays Capital maintained the stock with “Overweight” rating in Thursday, September 3 report.

Analysts await Five Below Inc (NASDAQ:FIVE) to report earnings on December, 7. They expect $0.13 EPS, up 30.00% or $0.03 from last year’s $0.1 per share. FIVE’s profit will be $7.19 million for 105.42 P/E if the $0.13 EPS becomes a reality. After $0.30 actual EPS reported by Five Below Inc for the previous quarter, Wall Street now forecasts -56.67% negative EPS growth.

Investors sentiment decreased to 1.19 in Q2 2017. Its down 0.28, from 1.47 in 2017Q1. It dived, as 34 investors sold FIVE shares while 79 reduced holdings. 45 funds opened positions while 89 raised stakes. 60.02 million shares or 5.13% less from 63.27 million shares in 2017Q1 were reported. 1492 Mgmt Lc invested 0.2% of its portfolio in Five Below Inc (NASDAQ:FIVE). Fortaleza Asset Mngmt has 2,765 shares for 0.26% of their portfolio. Shine Investment Advisory Svcs Inc, Colorado-based fund reported 468 shares. Davenport And Com Ltd holds 0% or 18,625 shares. New York-based Capstone Investment Advsrs Lc has invested 0.01% in Five Below Inc (NASDAQ:FIVE). Keybank National Association Oh has invested 0% of its portfolio in Five Below Inc (NASDAQ:FIVE). Art Ltd owns 91,600 shares. Tributary Cap Management Lc holds 0.98% of its portfolio in Five Below Inc (NASDAQ:FIVE) for 226,056 shares. Parkside Bank & Tru has 1,926 shares. Thrivent For Lutherans, a Minnesota-based fund reported 118,390 shares. Macquarie Grp holds 776,034 shares or 0.07% of its portfolio. National Bank & Trust has 13,348 shares for 0.01% of their portfolio. Teacher Retirement System Of Texas has 4,488 shares. Alliancebernstein Ltd Partnership owns 2.46M shares for 0.09% of their portfolio. 41,700 are held by Ellington Mgmt Grp Ltd.

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