Mig Capital Trimmed Stake in Bjs Restaurants (BJRI) as Market Valuation Rose; Abbvie (ABBV) Shareholder Apg Asset Management Nv Has Boosted Stake

May 24, 2018 - By Linda Rogers

AbbVie Inc. (NYSE:ABBV) Logo

Apg Asset Management Nv increased its stake in Abbvie Inc (ABBV) by 16.63% based on its latest 2017Q4 regulatory filing with the SEC. Apg Asset Management Nv bought 327,974 shares as the company’s stock declined 6.31% with the market. The institutional investor held 2.30 million shares of the major pharmaceuticals company at the end of 2017Q4, valued at $185.26 million, up from 1.97 million at the end of the previous reported quarter. Apg Asset Management Nv who had been investing in Abbvie Inc for a number of months, seems to be bullish on the $162.83B market cap company. The stock decreased 2.83% or $2.99 during the last trading session, reaching $102.61. About 3.69M shares traded. AbbVie Inc. (NYSE:ABBV) has risen 39.20% since May 24, 2017 and is uptrending. It has outperformed by 27.65% the S&P500.

Mig Capital Llc decreased its stake in Bjs Restaurants Inc (BJRI) by 81.65% based on its latest 2017Q4 regulatory filing with the SEC. Mig Capital Llc sold 260,995 shares as the company’s stock rose 20.36% while stock markets declined. The hedge fund held 58,660 shares of the consumer services company at the end of 2017Q4, valued at $2.14M, down from 319,655 at the end of the previous reported quarter. Mig Capital Llc who had been investing in Bjs Restaurants Inc for a number of months, seems to be less bullish one the $1.09 billion market cap company. The stock increased 0.45% or $0.2357 during the last trading session, reaching $52.2357. About 29,242 shares traded. BJ's Restaurants, Inc. (NASDAQ:BJRI) has risen 13.64% since May 24, 2017 and is uptrending. It has outperformed by 2.09% the S&P500.

More notable recent AbbVie Inc. (NYSE:ABBV) news were published by: 247Wallst.com which released: “Why One Old Stock Buyback Trick Is Working So Well for AbbVie” on May 01, 2018, also Streetinsider.com with their article: “Abbvie (ABBV) PT Lowered to $78 at BMO Capital” published on May 23, 2018, Streetinsider.com published: “AbbVie (ABBV) Reports IMBRUVICA (ibrutinib) Plus GAZYVA (obinutuzumab) Phase 3 iLLUMINATE (PCYC-1130 …” on May 24, 2018. More interesting news about AbbVie Inc. (NYSE:ABBV) were released by: Seekingalpha.com and their article: “AbbVie Is Still A One-Trick Pony” published on April 26, 2018 as well as Seekingalpha.com‘s news article titled: “AbbVie: Can Mylan Pull Off A Humira Biosimilar?” with publication date: May 01, 2018.

Since December 14, 2017, it had 0 insider buys, and 11 selling transactions for $47.70 million activity. $311,684 worth of stock was sold by SEVERINO MICHAEL on Wednesday, February 28. RICHMOND TIMOTHY J. sold $2.15 million worth of stock or 18,129 shares. Schumacher Laura J had sold 25,000 shares worth $2.95 million on Wednesday, February 28. ALBAN CARLOS also sold $9.57 million worth of AbbVie Inc. (NYSE:ABBV) on Wednesday, February 28. 8,280 shares valued at $976,084 were sold by GONZALEZ RICHARD A on Wednesday, February 28. Michael Robert A. also sold $119,351 worth of AbbVie Inc. (NYSE:ABBV) on Monday, February 19.

Investors sentiment decreased to 0.8 in 2017 Q4. Its down 0.05, from 0.85 in 2017Q3. It turned negative, as 42 investors sold ABBV shares while 695 reduced holdings. 139 funds opened positions while 448 raised stakes. 1.06 billion shares or 0.35% more from 1.06 billion shares in 2017Q3 were reported. Toth Financial Advisory Corp, Virginia-based fund reported 72,803 shares. Country Club Na reported 0.07% of its portfolio in AbbVie Inc. (NYSE:ABBV). 20,792 are owned by Highland Ltd Liability Corporation. Perritt Cap Management Inc holds 0.21% or 7,976 shares in its portfolio. Sigma Planning Corp invested 0.42% of its portfolio in AbbVie Inc. (NYSE:ABBV). Hyman Charles D accumulated 22,319 shares or 0.25% of the stock. Skba Mgmt Limited Com holds 1.7% or 126,425 shares in its portfolio. Gyroscope Capital Management Grp Inc Inc Ltd owns 2.97% invested in AbbVie Inc. (NYSE:ABBV) for 67,277 shares. Utd Svcs Automobile Association stated it has 2.00 million shares or 0.53% of all its holdings. Halbert Hargrove Russell Ltd Llc holds 0.08% or 2,980 shares. Forbes J M Company Llp holds 2.17% in AbbVie Inc. (NYSE:ABBV) or 97,165 shares. Montgomery Investment Mngmt holds 0.78% or 19,815 shares. Advisor Partners Ltd Co stated it has 0.73% in AbbVie Inc. (NYSE:ABBV). Wilbanks Smith And Thomas Asset Ltd reported 0.18% of its portfolio in AbbVie Inc. (NYSE:ABBV). Gfs Advisors Lc reported 2,518 shares.

Among 23 analysts covering Abbvie Inc (NYSE:ABBV), 10 have Buy rating, 2 Sell and 11 Hold. Therefore 43% are positive. Abbvie Inc had 92 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by Cowen & Co on Tuesday, September 5. The rating was maintained by BMO Capital Markets on Wednesday, May 23 with “Underperform”. The rating was initiated by Leerink Swann on Tuesday, October 18 with “Mkt Perform”. As per Monday, September 25, the company rating was downgraded by UBS. Jefferies maintained it with “Buy” rating and $12500 target in Friday, March 23 report. William Blair initiated AbbVie Inc. (NYSE:ABBV) on Friday, February 5 with “Outperform” rating. The company was maintained on Thursday, March 22 by SunTrust. Raymond James initiated AbbVie Inc. (NYSE:ABBV) rating on Friday, September 2. Raymond James has “Outperform” rating and $82 target. BMO Capital Markets downgraded the shares of ABBV in report on Friday, June 10 to “Market Perform” rating. The firm earned “Buy” rating on Thursday, May 25 by Jefferies.

Apg Asset Management Nv, which manages about $54.61 billion US Long portfolio, decreased its stake in Analog Devices Inc (NASDAQ:ADI) by 6,420 shares to 216,661 shares, valued at $16.06M in 2017Q4, according to the filing. It also reduced its holding in Cdk Global Inc (NASDAQ:CDK) by 8,079 shares in the quarter, leaving it with 119,883 shares, and cut its stake in Foot Locker Inc (NYSE:FL).

Mig Capital Llc, which manages about $655.21 million and $743.74M US Long portfolio, upped its stake in Liberty Global Plc by 63,541 shares to 1.62 million shares, valued at $32.13M in 2017Q4, according to the filing.

Among 11 analysts covering BJ’s Restaurants (NASDAQ:BJRI), 5 have Buy rating, 1 Sell and 5 Hold. Therefore 45% are positive. BJ’s Restaurants had 48 analyst reports since July 27, 2015 according to SRatingsIntel. Stephens maintained BJ's Restaurants, Inc. (NASDAQ:BJRI) on Friday, February 23 with “Buy” rating. The firm has “Sell” rating by Barclays Capital given on Tuesday, January 16. The stock of BJ's Restaurants, Inc. (NASDAQ:BJRI) earned “Underweight” rating by Barclays Capital on Wednesday, January 24. On Wednesday, June 21 the stock rating was maintained by Oppenheimer with “Hold”. Canaccord Genuity upgraded the shares of BJRI in report on Friday, July 14 to “Buy” rating. Canaccord Genuity maintained BJ's Restaurants, Inc. (NASDAQ:BJRI) on Thursday, October 5 with “Buy” rating. Oppenheimer downgraded the shares of BJRI in report on Monday, January 4 to “Perform” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, April 16 report. Stifel Nicolaus maintained the shares of BJRI in report on Friday, April 27 with “Buy” rating. The stock of BJ's Restaurants, Inc. (NASDAQ:BJRI) earned “Hold” rating by Jefferies on Friday, June 2.

Analysts await BJ's Restaurants, Inc. (NASDAQ:BJRI) to report earnings on July, 26. They expect $0.63 EPS, up 28.57% or $0.14 from last year’s $0.49 per share. BJRI’s profit will be $13.10 million for 20.73 P/E if the $0.63 EPS becomes a reality. After $0.67 actual EPS reported by BJ's Restaurants, Inc. for the previous quarter, Wall Street now forecasts -5.97% negative EPS growth.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.31, from 1.19 in 2017Q3. It turned negative, as 24 investors sold BJRI shares while 52 reduced holdings. 28 funds opened positions while 39 raised stakes. 16.91 million shares or 2.77% more from 16.45 million shares in 2017Q3 were reported. Tiaa Cref Invest Mgmt Limited Liability Corporation has invested 0% in BJ's Restaurants, Inc. (NASDAQ:BJRI). Boston Partners holds 135,200 shares or 0.01% of its portfolio. Matarin Limited Liability Company holds 0.59% or 207,850 shares. Northern Corp accumulated 262,158 shares. Geode Cap Mgmt Ltd Liability Company stated it has 179,980 shares or 0% of all its holdings. Public Sector Pension Board reported 0% in BJ's Restaurants, Inc. (NASDAQ:BJRI). 35,084 were reported by Parametric Associates Ltd. Landscape Capital Mngmt Limited Company reported 166,264 shares stake. Wells Fargo & Co Mn invested in 44,967 shares. Manufacturers Life Insur Company The has invested 0% of its portfolio in BJ's Restaurants, Inc. (NASDAQ:BJRI). Aqr Capital Management Limited Liability Corp owns 182,487 shares or 0.01% of their US portfolio. Credit Suisse Ag, a Switzerland-based fund reported 77,872 shares. Barclays Public Ltd Company has invested 0% in BJ's Restaurants, Inc. (NASDAQ:BJRI). Hl Limited Liability Co accumulated 90,424 shares. Sei Invs Co has 0% invested in BJ's Restaurants, Inc. (NASDAQ:BJRI) for 7 shares.

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