Parsec Financial Management Upped By $340,470 Its Schlumberger (SLB) Position; Alexandria Real Estate Equity IN (ARE) Shorts Decreased By 24.02%

December 6, 2017 - By Darrin Black

Parsec Financial Management Inc increased Schlumberger (SLB) stake by 5.89% reported in 2017Q2 SEC filing. Parsec Financial Management Inc acquired 5,238 shares as Schlumberger (SLB)’s stock declined 11.04%.

The Parsec Financial Management Inc holds 94,201 shares with $6.20M value, up from 88,963 last quarter. Schlumberger now has $85.90 billion valuation. The stock decreased 2.27% or $1.44 during the last trading session, reaching $62.01. About 5.66 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 3.30% since December 6, 2016 and is downtrending. It has underperformed by 20.00% the S&P500.

Alexandria Real Estate Equity IN (NYSE:ARE) had a decrease of 24.02% in short interest. ARE’s SI was 4.76 million shares in December as released by FINRA. Its down 24.02% from 6.26 million shares previously. With 537,000 avg volume, 9 days are for Alexandria Real Estate Equity IN (NYSE:ARE)’s short sellers to cover ARE’s short positions. The SI to Alexandria Real Estate Equity IN’s float is 5.43%. The stock increased 0.11% or $0.14 during the last trading session, reaching $126.16. About 393,482 shares traded. Alexandria Real Estate Equities, Inc. (NYSE:ARE) has risen 25.81% since December 6, 2016 and is uptrending. It has outperformed by 9.11% the S&P500.

Since June 13, 2017, it had 0 insider buys, and 2 selling transactions for $712,240 activity. On Tuesday, June 13 Moglia Peter M sold $474,240 worth of Alexandria Real Estate Equities, Inc. (NYSE:ARE) or 4,000 shares.

Alexandria Real Estate Equities, Inc., a real estate investment trust , engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. The company has market cap of $12.08 billion. The Company’s properties consist of buildings containing scientific research and development laboratories, and other improvements. It has a 133.5 P/E ratio. The firm offers its properties for lease primarily to universities and independent not-for-profit institutions; and pharmaceutical, biotechnology, medical device, life science product, service, biodefense, and translational research entities, as well as governmental agencies.

Among 7 analysts covering Alexandria Real Estate Equities Inc. (NYSE:ARE), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Alexandria Real Estate Equities Inc. had 18 analyst reports since August 24, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Bank of America on Monday, November 6. The rating was maintained by Evercore with “Buy” on Tuesday, September 8. The stock of Alexandria Real Estate Equities, Inc. (NYSE:ARE) earned “Overweight” rating by JP Morgan on Tuesday, October 13. The company was maintained on Tuesday, July 18 by Barclays Capital. Mizuho maintained Alexandria Real Estate Equities, Inc. (NYSE:ARE) on Monday, October 19 with “Buy” rating. The company was upgraded on Tuesday, March 21 by Evercore. The firm has “Buy” rating by Mizuho given on Tuesday, October 31. The stock has “Buy” rating by Zacks on Thursday, August 20. The rating was maintained by Mizuho on Friday, July 8 with “Buy”. Bank of America upgraded Alexandria Real Estate Equities, Inc. (NYSE:ARE) on Monday, December 4 to “Buy” rating.

Investors sentiment decreased to 1.44 in Q2 2017. Its down 0.06, from 1.5 in 2017Q1. It is negative, as 32 investors sold Alexandria Real Estate Equities, Inc. shares while 96 reduced holdings. 45 funds opened positions while 139 raised stakes. 94.23 million shares or 0.34% more from 93.91 million shares in 2017Q1 were reported. Real Estate Mngmt Limited Liability Corp reported 27,300 shares or 0.65% of all its holdings. Martingale Asset Mgmt L P stated it has 15,501 shares. Barclays Public Limited Com stated it has 0.02% of its portfolio in Alexandria Real Estate Equities, Inc. (NYSE:ARE). State Board Of Administration Of Florida Retirement Sys holds 0.05% or 133,112 shares in its portfolio. Proshare Lc, Maryland-based fund reported 31,129 shares. Raymond James Financial Advsr reported 27,525 shares. 20,501 were accumulated by Bank & Trust Of Nova Scotia. Alps Advsrs Incorporated holds 7,477 shares. Swiss Retail Bank stated it has 323,800 shares or 0.05% of all its holdings. Northwestern Mutual Wealth Management Co accumulated 0% or 65 shares. Main Street Limited Liability Com has 93,947 shares for 1.85% of their portfolio. Schroder Invest Mgmt Grp owns 565,667 shares for 0.12% of their portfolio. The California-based Cap Research Glob has invested 0.02% in Alexandria Real Estate Equities, Inc. (NYSE:ARE). Gulf Bancorporation (Uk), a United Kingdom-based fund reported 27,105 shares. 2,249 are held by Cleararc Cap Inc.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.29, from 1.17 in 2017Q1. It is negative, as 99 investors sold SLB shares while 590 reduced holdings. 91 funds opened positions while 513 raised stakes. 1.07 billion shares or 0.68% less from 1.08 billion shares in 2017Q1 were reported. Brown Advisory reported 0.14% in Schlumberger Limited (NYSE:SLB). Finemark Commercial Bank And Tru accumulated 35,245 shares or 0.17% of the stock. Legal & General Plc holds 6.83 million shares or 0.36% of its portfolio. Dynamic Capital Mngmt Ltd reported 10,823 shares stake. North Star Invest Corp has invested 0.04% in Schlumberger Limited (NYSE:SLB). Moreover, States Steel Carnegie Pension Fund has 1.37% invested in Schlumberger Limited (NYSE:SLB). Stadion Money Mgmt Ltd has 0.03% invested in Schlumberger Limited (NYSE:SLB) for 15,340 shares. Ronald Blue And Limited Co reported 3,897 shares. Everence Capital Mgmt holds 0.78% or 48,478 shares in its portfolio. State Bank Of The West has 152,445 shares. The Florida-based Hyman Charles D has invested 0.19% in Schlumberger Limited (NYSE:SLB). Thomas Story Son Ltd Liability Co holds 3.54% in Schlumberger Limited (NYSE:SLB) or 90,864 shares. Advisory Ser Network Ltd Liability Company stated it has 10,599 shares or 0.09% of all its holdings. Cadence National Bank Na invested in 0.61% or 20,449 shares. Arrow Finance Corporation, New York-based fund reported 11,813 shares.

Parsec Financial Management Inc decreased Aflac Inc (NYSE:AFL) stake by 15,833 shares to 188,316 valued at $14.63M in 2017Q2. It also reduced Time Warner Inc (NYSE:TWX) stake by 13,671 shares and now owns 258,404 shares. General Electric (NYSE:GE) was reduced too.

Among 35 analysts covering Schlumberger Limited. (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. Therefore 77% are positive. Schlumberger Limited. had 123 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Overweight” on Tuesday, April 19. The firm has “Buy” rating given on Wednesday, October 5 by Citigroup. On Monday, April 25 the stock rating was maintained by Morgan Stanley with “Overweight”. The firm earned “Buy” rating on Tuesday, November 15 by Jefferies. Societe Generale downgraded Schlumberger Limited (NYSE:SLB) rating on Thursday, April 28. Societe Generale has “Hold” rating and $86 target. The firm has “Hold” rating given on Wednesday, August 26 by Standpoint Research. The firm has “Focus Stock” rating given on Monday, October 19 by Howard Weil. Piper Jaffray maintained Schlumberger Limited (NYSE:SLB) rating on Friday, October 20. Piper Jaffray has “Buy” rating and $74.0 target. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, June 21. The rating was maintained by Nomura with “Buy” on Tuesday, August 16.

Since June 7, 2017, it had 0 insider buys, and 1 insider sale for $2.77 million activity. Shares for $349,100 were sold by SANDVOLD TORE I. The insider Floridia Aaron Gatt sold 40,000 shares worth $2.77M.

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