Franklin Res (BEN) Holder Highfields Capital Management LP Boosted Its Stake; Flexion Therapeutics (Call) (FLXN) Shareholder Kingdon Capital Management Has Lowered Holding by $17.23 Million

June 14, 2018 - By Nellie Frank

Franklin Resources, Inc. (NYSE:BEN) Logo

Mark Kingdon decreased its stake in Flexion Therapeutics Inc (Call) (FLXN) by 88.38% based on its latest 2018Q1 regulatory filing with the SEC. Kingdon Capital Management Llc sold 783,220 shares as the company’s stock declined 0.15% with the market. The hedge fund run by Mark Kingdon held 103,000 shares of the health care company at the end of 2018Q1, valued at $2.31M, down from 886,220 at the end of the previous reported quarter. Kingdon Capital Management Llc who had been investing in Flexion Therapeutics Inc (Call) for a number of months, seems to be less bullish one the $1.01 billion market cap company. The stock decreased 1.47% or $0.4 during the last trading session, reaching $26.78. About 276,331 shares traded. Flexion Therapeutics, Inc. (NASDAQ:FLXN) has risen 39.11% since June 14, 2017 and is uptrending. It has outperformed by 26.54% the S&P500. Some Historical FLXN News: 06/03/2018 Flexion Therapeutics Presents Clinical Data at AAOS 2018 Annual Meeting and the American Pain Society Annual Scientific Meeting; 21/04/2018 – DJ Flexion Therapeutics Inc, Inst Holders, 1Q 2018 (FLXN); 15/05/2018 – Millennium Management Buys 1.8% of Flexion Therapeutics; 26/04/2018 – Flexion Therapeutics: 74% of Patients Received Second Admin of ZILRETTA Between Weeks 16 and 24; 08/03/2018 – Flexion Therapeutics FY Loss $137.5M; 06/03/2018 – FLEXION: ZILRETTA DATA SHOWS POTENTIAL TO PROVIDE PAIN RELIEF; 07/05/2018 – FLEXION THERAPEUTICS NAMES DAVID ARKOWITZ AS CFO; 16/03/2018 – Flexion Therapeutics Closes Below 200-Day Moving Average; 04/05/2018 – FLEXION: CMS INCLUDED ZILRETTA FOR HCPCS J CODE; 08/05/2018 – Flexion Therapeutics 1Q Loss/Shr $1.10

Jonathon Jacobson increased its stake in Franklin Res Inc (BEN) by 0.64% based on its latest 2018Q1 regulatory filing with the SEC. Highfields Capital Management Lp bought 44,775 shares as the company’s stock declined 7.18% with the market. The hedge fund run by Jonathon Jacobson held 7.08 million shares of the finance company at the end of 2018Q1, valued at $245.52M, up from 7.03 million at the end of the previous reported quarter. Highfields Capital Management Lp who had been investing in Franklin Res Inc for a number of months, seems to be bullish on the $17.91B market cap company. The stock decreased 0.58% or $0.195 during the last trading session, reaching $33.155. About 3.62M shares traded or 4.84% up from the average. Franklin Resources, Inc. (NYSE:BEN) has declined 11.32% since June 14, 2017 and is downtrending. It has underperformed by 23.89% the S&P500. Some Historical BEN News: 15/03/2018 – Franklin Limited Duration Income Trust Declares Monthly Distribution; 26/04/2018 – FRANKLIN RESOURCES AUM $737.5B, EST. $747.26B; 02/05/2018 – Franklin Templeton – Biotech Adds Nektar, Exits Tesaro; 25/04/2018 – Managing Director Michael Cabanas Elected to Orange Bowl Committee; 07/03/2018 – MOVES-Franklin Templeton, SocGen, Mercuria; 07/03/2018 – MOVES-Franklin Templeton hires Invesco exec as head of EMEA ETF sales; 01/05/2018 – Gen X Women Are Most Concerned About Achieving Retirement Income Goals, Franklin Templeton Investments Survey Finds; 20/03/2018 – FRANKLIN TEMPLETON BUYS DATA SCIENCE INVESTMENT; NO TERMS; 27/04/2018 – FRANKLIN TEMPLETON INVESTMENTS CANADA ANNOUNCES DECISION NOT TO PROCEED WITH PROPOSED CHANGES TO FRANKLIN BISSETT DIVIDEND INCOME FUNDS; 15/03/2018 – Franklin Universal Trust Declares Monthly Distribution

Highfields Capital Management Lp, which manages about $22.71 billion and $11.05 billion US Long portfolio, decreased its stake in Hilton Grand Vacations Inc by 2.26 million shares to 190,451 shares, valued at $8.19 million in 2018Q1, according to the filing. It also reduced its holding in Dollar Tree Inc (NASDAQ:DLTR) by 630,074 shares in the quarter, leaving it with 1.28 million shares, and cut its stake in Cenovus Energy Inc (NYSE:CVE).

Among 16 analysts covering Franklin Resources Inc. (NYSE:BEN), 0 have Buy rating, 4 Sell and 12 Hold. Therefore 0 are positive. Franklin Resources Inc. had 96 analyst reports since July 31, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Underweight” rating and $32 target in Thursday, February 4 report. The rating was maintained by Citigroup with “Neutral” on Tuesday, September 20. The firm earned “Market Perform” rating on Thursday, September 3 by Wood. JP Morgan maintained it with “Neutral” rating and $37 target in Thursday, April 7 report. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Underperform” rating by Bank of America on Tuesday, March 15. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Equal Weight” rating by Barclays Capital on Tuesday, August 11. Deutsche Bank maintained Franklin Resources, Inc. (NYSE:BEN) on Friday, September 9 with “Hold” rating. On Monday, October 5 the stock rating was maintained by JP Morgan with “Neutral”. The rating was maintained by Barclays Capital with “Underweight” on Monday, April 23. Deutsche Bank maintained Franklin Resources, Inc. (NYSE:BEN) rating on Tuesday, January 26. Deutsche Bank has “Hold” rating and $31 target.

Investors sentiment decreased to 0.82 in 2018 Q1. Its down 0.03, from 0.85 in 2017Q4. It dived, as 56 investors sold BEN shares while 176 reduced holdings. 52 funds opened positions while 139 raised stakes. 244.47 million shares or 1.22% less from 247.49 million shares in 2017Q4 were reported. New York-based Bluemountain Capital Mngmt Ltd Liability Corp has invested 0% in Franklin Resources, Inc. (NYSE:BEN). Fred Alger Management holds 0% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 1,210 shares. State Of Wisconsin Inv Board reported 491,733 shares stake. Asset Mgmt One invested 0.04% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Bessemer Group owns 0% invested in Franklin Resources, Inc. (NYSE:BEN) for 6,195 shares. Paragon Capital Ltd stated it has 6,095 shares or 0.09% of all its holdings. Cap Counsel has invested 0.28% in Franklin Resources, Inc. (NYSE:BEN). Cetera Advisor Netwr Limited reported 10,037 shares or 0.02% of all its holdings. Wetherby Asset Management accumulated 0.04% or 8,108 shares. Piedmont Inv Llc reported 108,908 shares. Tower Research Capital Ltd Liability Corp (Trc) accumulated 0.02% or 6,000 shares. 10,216 are owned by Usa Finance Portformulas Corp. Douglass Winthrop Advisors Limited Liability Corp invested in 0.22% or 129,442 shares. Moreover, Trust Of Vermont has 0% invested in Franklin Resources, Inc. (NYSE:BEN) for 780 shares. Sumitomo Mitsui Asset has invested 0.01% in Franklin Resources, Inc. (NYSE:BEN).

More recent Franklin Resources, Inc. (NYSE:BEN) news were published by: Seekingalpha.com which released: “Trading Mistake 10 – Keep It Simple, Stupid” on June 12, 2018. Also Globenewswire.com published the news titled: “Franklin Resources, Inc. Announces Month-End Assets Under Management” on June 11, 2018. Globenewswire.com‘s news article titled: “Franklin Templeton Lists Three New Fixed Income Active ETFs” with publication date: June 04, 2018 was also an interesting one.

More recent Flexion Therapeutics, Inc. (NASDAQ:FLXN) news were published by: Prnewswire.com which released: “Alcami’s Extended Workbench Supports Commercial Supply of Flexion Therapeutics’s ZILRETTA® (triamcinolone …” on June 13, 2018. Also Globenewswire.com published the news titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Assembly Biosciences, MGP Ingredients, Globant …” on May 29, 2018. Nasdaq.com‘s news article titled: “Flexion Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)” with publication date: June 01, 2018 was also an interesting one.

Kingdon Capital Management Llc, which manages about $3.27 billion and $1.27 billion US Long portfolio, upped its stake in Uniti Group Inc by 97,712 shares to 197,712 shares, valued at $3.21 million in 2018Q1, according to the filing. It also increased its holding in Nomad Foods Ltd by 60,814 shares in the quarter, for a total of 1.05 million shares, and has risen its stake in Mondelez Intl Inc (NASDAQ:MDLZ).

Investors sentiment decreased to 0.95 in Q1 2018. Its down 2.12, from 3.07 in 2017Q4. It turned negative, as 21 investors sold FLXN shares while 36 reduced holdings. 25 funds opened positions while 29 raised stakes. 33.47 million shares or 50.24% less from 67.26 million shares in 2017Q4 were reported. Tiaa Cref Management Llc has invested 0% in Flexion Therapeutics, Inc. (NASDAQ:FLXN). Redmile Group Incorporated Limited Com invested in 0.01% or 9,930 shares. Northwestern Mutual Wealth Mngmt reported 800 shares. Bb&T Lc holds 24,300 shares. American Century has 0% invested in Flexion Therapeutics, Inc. (NASDAQ:FLXN) for 130,026 shares. National Bank Of New York Mellon reported 0.02% in Flexion Therapeutics, Inc. (NASDAQ:FLXN). Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Flexion Therapeutics, Inc. (NASDAQ:FLXN). Blackrock reported 2.61 million shares stake. 15,000 were accumulated by Marathon Capital Management. Pnc Fincl Svcs reported 0% of its portfolio in Flexion Therapeutics, Inc. (NASDAQ:FLXN). Credit Suisse Ag holds 33,142 shares. Kerrisdale Advisers Limited Liability has 0.5% invested in Flexion Therapeutics, Inc. (NASDAQ:FLXN). Bancorp Of America Corp De holds 100,949 shares. Wasatch Advisors Incorporated holds 632,671 shares or 0.18% of its portfolio. 24,721 were reported by Employees Retirement System Of Ohio.

Analysts await Flexion Therapeutics, Inc. (NASDAQ:FLXN) to report earnings on August, 14. They expect $-1.22 EPS, down 34.07% or $0.31 from last year’s $-0.91 per share. After $-1.10 actual EPS reported by Flexion Therapeutics, Inc. for the previous quarter, Wall Street now forecasts 10.91% negative EPS growth.

Franklin Resources, Inc. (NYSE:BEN) Institutional Positions Chart

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