Incyte (INCY) Receives "Market Perform" Rating from Citigroup

Jeannie Matthews
January 28, 2018

The hedge fund run by Steve Cohen held 74,000 shares of the technology company at the end of 2017Q3, valued at $809,000, down from 129,500 at the end of the previous reported quarter. Paloma Prtn Comm invested in 20,728 shares. The stock increased 68.00% or $0.85 during the last trading session, reaching $2.1. Its shares finally traded at $11.54 a share. $8.42M worth of Incyte Corporation (NASDAQ:INCY) was sold by Hoppenot Herve. It has outperformed by 12.26% the S&P500.

Jacobs Asset Management Llc decreased its stake in Mainsource Financial Gp Inc (MSFG) by 3.71% based on its latest 2017Q3 regulatory filing with the SEC. The company has market cap of $19.94 billion. The stock increased 2.28% or $1.27 during the last trading session, reaching $57.03. Its up 14.31% from 6.10M shares previously. Honeywell International Inc. (NYSE:HON) has risen 17.66% since January 26, 2017 and is uptrending. It has outperformed by 26.56% the S&P500. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. Therefore 58% are positive. EXACT Sciences had 63 analyst reports since July 24, 2015 according to SRatingsIntel. Matrix Capital Management Company LP now owns 1,796,716 shares of the biopharmaceutical company's stock valued at $226,225,000 after purchasing an additional 396,716 shares during the last quarter. The company was maintained on Monday, June 6 by UBS. The company was upgraded on Friday, November 18 by OTR Global.

Investors sentiment decreased to 0.84 in 2017 Q3. 269.77 million shares or 0.08% more from 269.56 million shares in 2017Q2 were reported. The Woodley Farra Manion Portfolio Management Inc holds 234,006 shares with $33.17M value, down from 241,428 last quarter. Employees Retirement Sys Of Texas invested in 7,000 shares or 0.01% of the stock. Inv Centers Of America Inc owns 5,445 shares for 0.02% of their portfolio. 4,000 shares valued at $214,680 were sold by Forrest Stephen R on Wednesday, January 3. Moreover, First Tru Advisors LP has 0.03% invested in Imperva, Inc. Winfield Assoc Inc, a Ohio-based fund reported 382 shares. Cornerstone Advisors stated it has 884 shares. Emory University accumulated 13,030 shares or 1.2% of the stock.

The sales growth quarter on quarter is at 41.60% while the total number of outstanding shares are at 208.23. Asset Mngmt One Ltd holds 712,365 shares. Gabelli Funds Ltd Liability Co stated it has 22,750 shares or 0.02% of all its holdings. Grantham Mayo Van Otterloo And Ltd Liability Com invested 0% of its portfolio in CNA Financial Corporation (NYSE:CNA). Axa has 203,809 shares for 0.1% of their portfolio. Weiss Multi holds 0.05% or 25,125 shares in its portfolio. Norfolk Southern Corporation (NYSE:NSC) earnings have declined with a quarterly rate of -2.4% over the last 5 years. The biopharmaceutical company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.11. CNA's profit will be $211.51 million for 17.65 P/E if the $0.78 EPS becomes a reality. Comparatively, Incyte Corporation has a beta of 0.92, suggesting that its stock price is 8% less volatile than the S&P 500. It also reduced its holding in Southwestern Energy Co by 220,630 shares in the quarter, leaving it with 1.45M shares, and cut its stake in Unitedhealth Group Inc (NYSE:UNH).

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The collective rating of 2 for Incyte Corporation (NASDAQ:INCY) also leans strongly towards the neutral end of the spectrum. Therefore 77% are positive. Of the 22 analysts surveyed by Reuters that track INCY 4 of them rate its stock a hold. The company was initiated on Friday, August 5 by Suntrust Robinson. The firm has "Outperform" rating given on Tuesday, February 16 by Leerink Swann. On Wednesday, September 2 the stock rating was maintained by Brean Capital with "Buy". Jefferies maintained Incyte Corporation (NASDAQ:INCY) rating on Wednesday, August 30. The rating was maintained by Piper Jaffray with "Buy" on Thursday, August 6. The firm has "Buy" rating given on Wednesday, October 4 by Jefferies. The firm has "Buy" rating by Needham given on Friday, August 7. The rating was maintained by BMO Capital Markets on Monday, June 5 with "Buy". Cowen reaffirmed a buy rating on shares of Incyte in a research report on Tuesday, December 5th.

Since August 1, 2017, it had 1 insider buy, and 9 selling transactions for $325,377 activity. BAKER BROS. ADVISORS LP bought 100,000 shares worth $13.20M. $375,750 worth of stock was sold by Trower Paul on Thursday, August 3. 714 shares were sold by Flannelly Barry P, worth $88,715. Capital International Investors lifted its stake in Incyte by 1.4% in the 3rd quarter. Its up 0.02, from 1.02 in 2017Q2. 115 funds opened positions while 470 raised stakes. 321.42 million shares or 4.04% more from 308.94 million shares in 2017Q2 were reported. Korea Corp accumulated 0.04% or 75,004 shares. Rock Springs Capital Mngmt Ltd Partnership holds 0.93% of its portfolio in Incyte Corporation (NASDAQ:INCY) for 173,000 shares. Axa invested 0.1% of its portfolio in Incyte Corporation (NASDAQ:INCY).

This table compares Cellectis and Incyte Corporation's net margins, return on equity and return on assets. Lake Street maintained the shares of EXAS in report on Tuesday, November 24 with "Hold" rating. Axiom Int Investors Ltd Liability De reported 729,500 shares. Grandfield And Dodd Ltd Liability Corp has 7,798 shares. Meiji Yasuda Asset Mgmt Co Limited reported 2,190 shares. Hirtle Callaghan And Lc has invested 0% in Monsanto Company (NYSE:MON). (NASDAQ:MSFG) earned "Equal-Weight" rating by Stephens on Wednesday, July 26. Ghost Tree Ltd Liability holds 35,000 shares. The firm has "Overweight" rating given on Wednesday, March 23 by Morgan Stanley.

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