Point72 Asset Management LP Increased Holding in Regions Finl New (RF) by $5.29 Million as Share Value Declined; Redwood Investments Cut Holding in Exelixis (EXEL) as Market Valuation Declined

June 16, 2018 - By Maria Brooks

Exelixis, Inc. (NASDAQ:EXEL) Logo

Redwood Investments Llc decreased its stake in Exelixis Inc (EXEL) by 70.45% based on its latest 2018Q1 regulatory filing with the SEC. Redwood Investments Llc sold 74,774 shares as the company’s stock declined 29.43% with the market. The institutional investor held 31,357 shares of the health care company at the end of 2018Q1, valued at $695,000, down from 106,131 at the end of the previous reported quarter. Redwood Investments Llc who had been investing in Exelixis Inc for a number of months, seems to be less bullish one the $5.83 billion market cap company. The stock increased 1.24% or $0.24 during the last trading session, reaching $19.64. About 2.06M shares traded. Exelixis, Inc. (NASDAQ:EXEL) has risen 6.49% since June 16, 2017 and is uptrending. It has underperformed by 6.08% the S&P500. Some Historical EXEL News: 02/05/2018 – EXELIXIS & INVENRA IN PACT TO DEVELOP ANTIBODY CANCER TREATMENT; 06/03/2018 Exelixis Announces Webcasts of Investor Conference Presentations in March; 08/05/2018 – Hain Celestial at BMO Farm to Market Conference May 16; 02/05/2018 – EXELIXIS SEES FY OPER EXPENSES $430M TO $460M; 08/05/2018 – Hain Celestial Expects to Complete Divestiture of Hain Pure Protein During 1H of Fiscal 2019; 23/03/2018 – IPSEN RECEIVES POSITIVE CHMP OPINION FOR CABOMETYX® (CABOZANTINIB) FOR THE FIRST-LINE TREATMENT OF ADULTS WITH INTERMEDIATE- OR POOR- RISK ADVANCED RENAL CELL CARCINOMA; 29/05/2018 – EXELIXIS: FDA ACCEPTS SNDA FOR CABOMETYX; 02/05/2018 – Exelixis Maintaining Guidance Total Costs and Operating Expenses for 2018 Will Be $430 M to $460 M; 10/05/2018 – GENENTECH- RESULTS FROM IMBLAZE370 SHOWED TREATMENT WITH TECENTRIQ ALONE DID NOT PROVIDE MEANINGFUL CLINICAL BENEFIT COMPARED TO REGORAFENIB; 17/05/2018 – IPSEN SA – EUROPEAN COMMISSION APPROVES IPSEN’S CABOMETYX® (CABOZANTINIB) FOR THE FIRST-LINE TREATMENT OF ADULTS WITH INTERMEDIATE- OR POOR- RISK ADVANCED RENAL CELL CARCINOMA

Steve Cohen increased its stake in Regions Finl Corp New (RF) by 82.78% based on its latest 2018Q1 regulatory filing with the SEC. Point72 Asset Management Lp bought 294,100 shares as the company’s stock declined 3.99% with the market. The hedge fund run by Steve Cohen held 649,400 shares of the major banks company at the end of 2018Q1, valued at $12.07 million, up from 355,300 at the end of the previous reported quarter. Point72 Asset Management Lp who had been investing in Regions Finl Corp New for a number of months, seems to be bullish on the $20.88B market cap company. The stock decreased 0.16% or $0.03 during the last trading session, reaching $18.59. About 18.42M shares traded or 64.99% up from the average. Regions Financial Corporation (NYSE:RF) has risen 33.12% since June 16, 2017 and is uptrending. It has outperformed by 20.55% the S&P500. Some Historical RF News: 06/04/2018 – Regions to Sell Insurance Group to BB&T Insurance Subsidiary; 20/04/2018 – REGIONS SEES GAIN ON SALE OF INSURANCE UNIT OF $200M; 25/04/2018 – Regions Financial: Turner, 56, Will Succeed Chmn and CEO Grayson Hall; 20/04/2018 – REGIONS FINANCIAL SEES 2018 ADJ NON-INTEREST INCOME UP 3%-6%; 20/04/2018 – REGIONS FINANCIAL CORP – QTRLY NET CHARGE-OFFS DECREASED 9 BASIS POINTS, AND 11 BASIS POINTS ON AN ADJUSTED BASIS; 20/04/2018 – REGIONS FINANCIAL CORP – QTRLY NET CHARGE-OFFS TOTALED $84 MLN COMPARED TO $63 MLN IN PREVIOUS QUARTER; 25/04/2018 – Regions Financial Corp. Names John Turner CEO Effective July 2, 2018; Grayson Hall To Serve As Executive Chairman; 21/03/2018 – REGIONS BANK – INCREASING ITS PRIME LENDING RATE TO 4.75 PERCENT FROM 4.50 PERCENT; 06/04/2018 – Regions Fincl Agrees to Sell Insurance Business to BB&T Insurance Holdings; 20/04/2018 – REGIONS FINANCIAL 1Q EPS CONT OPS 35C, EST. 31C

Point72 Asset Management Lp, which manages about $23.92B US Long portfolio, decreased its stake in Us Foods Hldg Corp by 518,203 shares to 2,900 shares, valued at $95,000 in 2018Q1, according to the filing. It also reduced its holding in Willscot Corp by 289,842 shares in the quarter, leaving it with 634,378 shares, and cut its stake in Ross Stores Inc (NASDAQ:ROST).

Among 35 analysts covering Regions Financial Corp (NYSE:RF), 9 have Buy rating, 4 Sell and 22 Hold. Therefore 26% are positive. Regions Financial Corp had 116 analyst reports since August 12, 2015 according to SRatingsIntel. The company was downgraded on Thursday, April 20 by Rafferty. The rating was reinitiated by UBS on Wednesday, January 11 with “Sell”. Wood upgraded Regions Financial Corporation (NYSE:RF) rating on Monday, June 6. Wood has “Market Perform” rating and $11 target. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, December 12. Sandler O’Neill upgraded it to “Buy” rating and $10.50 target in Wednesday, September 30 report. The company was maintained on Monday, January 8 by SunTrust. The firm has “Underperform” rating by FIG Partners given on Wednesday, February 24. As per Tuesday, October 10, the company rating was downgraded by FBR Capital. As per Tuesday, January 2, the company rating was maintained by Robert W. Baird. The company was maintained on Wednesday, November 1 by JP Morgan.

Investors sentiment decreased to 0.88 in 2018 Q1. Its down 0.30, from 1.18 in 2017Q4. It dropped, as 43 investors sold RF shares while 221 reduced holdings. 76 funds opened positions while 155 raised stakes. 818.43 million shares or 0.62% less from 823.54 million shares in 2017Q4 were reported. Cibc Asset Mgmt Incorporated owns 133,021 shares. Envestnet Asset Management holds 0% or 17,681 shares. Moreover, Aperio Gp Limited Liability Company has 0.11% invested in Regions Financial Corporation (NYSE:RF). 661 were reported by Financial Management Professionals. Oregon Pub Employees Retirement Fund has invested 0.07% in Regions Financial Corporation (NYSE:RF). Adage Grp Inc Llc owns 0.3% invested in Regions Financial Corporation (NYSE:RF) for 6.90 million shares. Schwab Charles Investment Mngmt Incorporated reported 5.99M shares or 0.09% of all its holdings. Stoneridge Prns Limited Com has 0.43% invested in Regions Financial Corporation (NYSE:RF). Teacher Retirement System Of Texas holds 0.11% of its portfolio in Regions Financial Corporation (NYSE:RF) for 882,399 shares. Shell Asset Communications accumulated 76,313 shares or 0.03% of the stock. Texas Permanent School Fund holds 0.07% or 290,048 shares in its portfolio. Jnba Fincl Advisors, a Minnesota-based fund reported 2,750 shares. Janney Montgomery Scott Limited Liability Company has invested 0.01% of its portfolio in Regions Financial Corporation (NYSE:RF). Martingale Asset Mngmt Limited Partnership stated it has 283,229 shares. Aqr Cap Management Ltd Liability Co reported 1.89 million shares stake.

Among 11 analysts covering Exelixis (NASDAQ:EXEL), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Exelixis had 42 analyst reports since January 19, 2016 according to SRatingsIntel. The rating was upgraded by Leerink Swann to “Outperform” on Tuesday, January 19. The company was upgraded on Tuesday, February 27 by Oppenheimer. Piper Jaffray maintained Exelixis, Inc. (NASDAQ:EXEL) on Wednesday, August 2 with “Buy” rating. The rating was maintained by Cowen & Co with “Buy” on Thursday, August 3. On Sunday, September 10 the stock rating was maintained by Piper Jaffray with “Buy”. Needham maintained it with “Buy” rating and $33.0 target in Monday, October 16 report. The rating was maintained by Stifel Nicolaus on Tuesday, February 27 with “Hold”. Leerink Swann maintained Exelixis, Inc. (NASDAQ:EXEL) on Wednesday, August 16 with “Buy” rating. Leerink Swann downgraded Exelixis, Inc. (NASDAQ:EXEL) on Friday, September 22 to “Market Perform” rating. The stock of Exelixis, Inc. (NASDAQ:EXEL) has “Hold” rating given on Thursday, September 7 by Stifel Nicolaus.

Since January 8, 2018, it had 0 insider buys, and 23 insider sales for $14.66 million activity. $360,750 worth of Exelixis, Inc. (NASDAQ:EXEL) shares were sold by PAPADOPOULOS STELIOS. On Monday, January 8 Garber Alan M sold $454,515 worth of Exelixis, Inc. (NASDAQ:EXEL) or 15,000 shares. MARCHESI VINCENT T also sold $285,450 worth of Exelixis, Inc. (NASDAQ:EXEL) on Friday, May 11. $363,450 worth of Exelixis, Inc. (NASDAQ:EXEL) shares were sold by COHEN CHARLES. 22,500 shares were sold by Schwab Gisela, worth $519,417 on Thursday, May 3. 50,000 shares were sold by WILLSEY LANCE, worth $1.07 million on Tuesday, May 22.

Analysts await Exelixis, Inc. (NASDAQ:EXEL) to report earnings on August, 1. They expect $0.14 EPS, up 75.00% or $0.06 from last year’s $0.08 per share. EXEL’s profit will be $41.56M for 35.07 P/E if the $0.14 EPS becomes a reality. After $0.37 actual EPS reported by Exelixis, Inc. for the previous quarter, Wall Street now forecasts -62.16% negative EPS growth.

Redwood Investments Llc, which manages about $756.78M and $1.36 billion US Long portfolio, upped its stake in Insperity Inc (NYSE:NSP) by 12,664 shares to 255,102 shares, valued at $17.74M in 2018Q1, according to the filing. It also increased its holding in Dana Incorporated (NYSE:DAN) by 116,391 shares in the quarter, for a total of 527,252 shares, and has risen its stake in Exact Sciences Corp (NASDAQ:EXAS).

More important recent Exelixis, Inc. (NASDAQ:EXEL) news were published by: Nasdaq.com which released: “ASCO Conference Preview: Here’s What Biotech Investors Need to Watch” on May 31, 2018, also Seekingalpha.com published article titled: “Exelixis: Temporary Concern Of Cobimetinib Created A Stellar Buying Opportunity”, Seekingalpha.com published: “An Integrated BioSci Research On Exelixis: What The Recent Talent Acquisition Foretells?” on June 04, 2018. More interesting news about Exelixis, Inc. (NASDAQ:EXEL) was released by: Nasdaq.com and their article: “Consolidated Research: 2018 Summary Expectations for Rayonier Advanced Materials, CYS Investments, Avid …” with publication date: June 14, 2018.

Exelixis, Inc. (NASDAQ:EXEL) Institutional Positions Chart

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