Capstone Investment Advisors Has Cut Newfield Expl Co (Put) (NFX) Stake by $4.50 Million; Market Value Declined; As Bristol Myers Squibb Co (BMY) Share Price Declined, Opus Point Partners Management Upped Holding

February 15, 2018 - By Dolores Ford

Capstone Investment Advisors Llc decreased its stake in Newfield Expl Co (Put) (NFX) by 86.13% based on its latest 2017Q3 regulatory filing with the SEC. Capstone Investment Advisors Llc sold 155,230 shares as the company’s stock declined 17.43% while stock markets rallied. The hedge fund held 25,000 shares of the oil & gas production company at the end of 2017Q3, valued at $741,000, down from 180,230 at the end of the previous reported quarter. Capstone Investment Advisors Llc who had been investing in Newfield Expl Co (Put) for a number of months, seems to be less bullish one the $5.13 billion market cap company. The stock decreased 2.86% or $0.76 during the last trading session, reaching $25.97. About 434,280 shares traded. Newfield Exploration Company (NYSE:NFX) has declined 13.04% since February 15, 2017 and is downtrending. It has underperformed by 29.74% the S&P500.

Opus Point Partners Management Llc increased its stake in Bristol Myers Squibb Co (BMY) by 100% based on its latest 2017Q3 regulatory filing with the SEC. Opus Point Partners Management Llc bought 45,000 shares as the company’s stock declined 1.04% while stock markets rallied. The institutional investor held 90,000 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $5.74M, up from 45,000 at the end of the previous reported quarter. Opus Point Partners Management Llc who had been investing in Bristol Myers Squibb Co for a number of months, seems to be bullish on the $110.33 billion market cap company. The stock increased 3.16% or $2.062 during the last trading session, reaching $67.412. About 2.56 million shares traded. Bristol-Myers Squibb Company (NYSE:BMY) has declined 23.19% since February 15, 2017 and is downtrending. It has underperformed by 39.89% the S&P500.

Opus Point Partners Management Llc, which manages about $111.46 million US Long portfolio, decreased its stake in Alexion Pharmaceuticals Inc (NASDAQ:ALXN) by 23,553 shares to 11,447 shares, valued at $1.61 million in 2017Q3, according to the filing.

Among 19 analysts covering Bristol-Myers Squibb Company (NYSE:BMY), 6 have Buy rating, 3 Sell and 10 Hold. Therefore 32% are positive. Bristol-Myers Squibb Company had 71 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Equal Weight” rating by Barclays Capital on Tuesday, December 1. On Monday, August 24 the stock rating was upgraded by Piper Jaffray to “Underweight”. The firm earned “Hold” rating on Monday, July 10 by Cowen & Co. The firm earned “Hold” rating on Wednesday, August 16 by Credit Suisse. The rating was downgraded by Hilliard Lyons to “Hold” on Tuesday, September 12. The rating was maintained by Barclays Capital on Friday, October 13 with “Equal-Weight”. On Wednesday, April 6 the stock rating was initiated by Societe Generale with “Sell”. The rating was maintained by Leerink Swann with “Buy” on Thursday, July 27. The rating was maintained by Leerink Swann on Tuesday, February 6 with “Buy”. Jefferies maintained Bristol-Myers Squibb Company (NYSE:BMY) rating on Monday, July 17. Jefferies has “Buy” rating and $6300 target.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.08, from 0.95 in 2017Q2. It is positive, as 62 investors sold BMY shares while 519 reduced holdings. 137 funds opened positions while 460 raised stakes. 1.11 billion shares or 0.68% more from 1.10 billion shares in 2017Q2 were reported. Agf Invs Incorporated holds 0.82% or 1.18 million shares. Amer Grp stated it has 506,273 shares. Public Employees Retirement System Of Ohio holds 0.39% or 1.17M shares. 16,614 are owned by Warren Averett Asset Mngmt Limited. Raymond James Na reported 0.4% in Bristol-Myers Squibb Company (NYSE:BMY). Paloma Prtnrs Mgmt reported 21,336 shares. At National Bank invested in 0.06% or 8,128 shares. Ascend Cap Lc accumulated 485,209 shares. Mcrae Capital Mngmt Inc invested 0.09% in Bristol-Myers Squibb Company (NYSE:BMY). Blue Chip Ptnrs accumulated 2,171 shares or 0.04% of the stock. Qci Asset Management Ny has 1.7% invested in Bristol-Myers Squibb Company (NYSE:BMY) for 239,865 shares. State Of Tennessee Treasury Department has 1.35M shares for 0.44% of their portfolio. Cliftonlarsonallen Wealth Advsrs Limited Liability Corp holds 0.16% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY) for 23,526 shares. Alps Advsrs holds 0% or 9,771 shares in its portfolio. Rice Hall James And Assocs Llc holds 4,608 shares.

Since September 6, 2017, it had 1 buying transaction, and 2 sales for $646,385 activity. $560,400 worth of Bristol-Myers Squibb Company (NYSE:BMY) shares were sold by Caldarella Joseph C. $249,187 worth of Bristol-Myers Squibb Company (NYSE:BMY) was bought by Samuels Theodore R. II on Friday, December 15.

Capstone Investment Advisors Llc, which manages about $16.83 billion and $2.85 billion US Long portfolio, upped its stake in Ishares Tr (Call) (IWM) by 46,000 shares to 50,000 shares, valued at $7.41 million in 2017Q3, according to the filing. It also increased its holding in Brocade Communications Sys I (Prn) by 10.68 million shares in the quarter, for a total of 40.68M shares, and has risen its stake in Jpmorgan Chase & Co (Call) (NYSE:JPM).

Among 36 analysts covering Newfield Exploration Co. (NYSE:NFX), 24 have Buy rating, 0 Sell and 12 Hold. Therefore 67% are positive. Newfield Exploration Co. had 114 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained Newfield Exploration Company (NYSE:NFX) on Tuesday, October 3 with “Buy” rating. The rating was downgraded by KLR Group to “Accumulate” on Monday, May 16. The firm has “Neutral” rating by SunTrust given on Thursday, December 17. Stifel Nicolaus maintained the shares of NFX in report on Tuesday, June 28 with “Buy” rating. On Friday, October 9 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm earned “Equal-Weight” rating on Thursday, August 3 by Barclays Capital. The stock of Newfield Exploration Company (NYSE:NFX) earned “Buy” rating by RBC Capital Markets on Thursday, August 24. The firm has “Buy” rating by Jefferies given on Tuesday, August 29. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, November 14. The stock of Newfield Exploration Company (NYSE:NFX) earned “Buy” rating by Jefferies on Wednesday, December 20.

Since September 1, 2017, it had 0 insider purchases, and 4 selling transactions for $1.43 million activity.

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