Aetna (AET) Reaches $142.46 52-Week High; Snyders Lance (LNCE) Shorts Lowered By 3%

May 15, 2017 - By marketbeat

Snyders Lance Incorporated (NASDAQ:LNCE) had a decrease of 3% in short interest. LNCE’s SI was 7.93 million shares in May as released by FINRA. Its down 3% from 8.18M shares previously. With 333,600 avg volume, 24 days are for Snyders Lance Incorporated (NASDAQ:LNCE)’s short sellers to cover LNCE’s short positions. The SI to Snyders Lance Incorporated’s float is 9.39%. About 18,490 shares traded. Snyder’s-Lance Inc (NASDAQ:LNCE) has risen 6.20% since October 6, 2016 and is uptrending. It has underperformed by 4.45% the S&P500.

The stock of Aetna Inc (NYSE:AET) hit a new 52-week high and has $151.01 target or 6.00% above today’s $142.46 share price. The 6 months bullish chart indicates low risk for the $46.77B company. The 1-year high was reported on May, 15 by Barchart.com. If the $151.01 price target is reached, the company will be worth $2.81 billion more. About 291,660 shares traded. Aetna Inc (NYSE:AET) has risen 25.36% since October 6, 2016 and is uptrending. It has outperformed by 14.71% the S&P500.

Snyder’s-Lance, Inc. is a snack food company. The company has market cap of $3.54 billion. The Firm is engaged in the manufacturing, distribution, marketing and sale of snack food products. It has a 43.98 P/E ratio. The Company’s products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, restaurant style crackers, popcorn, nuts and other salty snacks.

Among 9 analysts covering Snyder’s-Lance Inc (NASDAQ:LNCE), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Snyder’s-Lance Inc had 15 analyst reports since August 12, 2015 according to SRatingsIntel. The company was initiated on Wednesday, April 27 by DA Davidson. The stock has “Hold” rating by BB&T Capital on Monday, September 28. The stock of Snyder’s-Lance Inc (NASDAQ:LNCE) has “Outperform” rating given on Thursday, June 9 by BMO Capital Markets. KeyBanc Capital Markets initiated Snyder’s-Lance Inc (NASDAQ:LNCE) on Thursday, May 26 with “Sector Weight” rating. As per Tuesday, October 6, the company rating was maintained by Deutsche Bank. The stock of Snyder’s-Lance Inc (NASDAQ:LNCE) has “Buy” rating given on Thursday, October 29 by BB&T Capital. The firm has “Buy” rating given on Wednesday, December 16 by Jefferies. Zacks upgraded Snyder’s-Lance Inc (NASDAQ:LNCE) rating on Wednesday, August 12. Zacks has “Hold” rating and $38 target. SunTrust upgraded the stock to “Buy” rating in Thursday, October 29 report. Suntrust Robinson upgraded the shares of LNCE in report on Thursday, October 29 to “Buy” rating.

Investors sentiment decreased to 1.02 in 2016 Q4. Its down 0.69, from 1.71 in 2016Q3. It worsened, as 21 investors sold Snyder’s-Lance Inc shares while 68 reduced holdings. 29 funds opened positions while 62 raised stakes. 59.71 million shares or 4.06% more from 57.38 million shares in 2016Q3 were reported. Teton Advsrs invested 0.94% in Snyder’s-Lance Inc (NASDAQ:LNCE). Sandhill Cap Prtnrs Lc holds 4.08% or 387,732 shares. Columbus Circle Investors has 481,359 shares. Peak6 Invs Limited Partnership holds 0% or 7,800 shares in its portfolio. California-based Ami Asset Corporation has invested 1.03% in Snyder’s-Lance Inc (NASDAQ:LNCE). Great West Life Assurance Can has 0.01% invested in Snyder’s-Lance Inc (NASDAQ:LNCE). Wells Fargo & Mn holds 1.07 million shares or 0.01% of its portfolio. Northwestern Mutual Wealth has invested 0% in Snyder’s-Lance Inc (NASDAQ:LNCE). Aperio Grp Inc Ltd Liability Co stated it has 23,962 shares or 0.01% of all its holdings. Guggenheim Cap Limited reported 68,070 shares stake. State Board Of Administration Of Florida Retirement Sys owns 0.01% invested in Snyder’s-Lance Inc (NASDAQ:LNCE) for 47,721 shares. State Of New Jersey Common Pension Fund D has 0.02% invested in Snyder’s-Lance Inc (NASDAQ:LNCE) for 110,000 shares. Oregon Public Employees Retirement Fund holds 29,505 shares. Thrivent Financial For Lutherans has 14,620 shares for 0% of their portfolio. Artisan Ptnrs Partnership has 0% invested in Snyder’s-Lance Inc (NASDAQ:LNCE).

Since December 5, 2016, it had 1 insider purchase, and 2 insider sales for $84,784 activity. 7,044 shares were sold by Myers Gail Sharps, worth $281,226 on Monday, February 27. $547,260 worth of Snyder’s-Lance Inc (NASDAQ:LNCE) was bought by WAREHIME PATRICIA A. Another trade for 5,000 shares valued at $181,250 was made by DRISCOLL BRIAN J on Monday, December 5.

Aetna Inc. is a diversified healthcare benefits company. The company has market cap of $46.77 billion. The Firm operates through three divisions: Health Care, Group Insurance and Large Case Pensions. It has a 44.21 P/E ratio. It offers a range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, medical management capabilities, Medicaid healthcare management services, Medicare Advantage and Medicare Supplement plans, workers’ compensation administrative services and health information technology services and products.

Among 16 analysts covering Aetna (NYSE:AET), 7 have Buy rating, 0 Sell and 9 Hold. Therefore 44% are positive. Aetna has $162.0 highest and $12 lowest target. $116.63’s average target is -18.13% below currents $142.46 stock price. Aetna had 24 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, February 2 by Jefferies. Oppenheimer maintained the shares of AET in report on Wednesday, August 5 with “Hold” rating. The firm has “Outperform” rating by Bernstein given on Thursday, June 16. On Friday, January 8 the stock rating was downgraded by Jefferies to “Hold”. On Tuesday, August 4 the stock rating was maintained by Sterne Agee CRT with “Buy”. Oppenheimer maintained Aetna Inc (NYSE:AET) on Monday, April 3 with “Outperform” rating. The rating was upgraded by RBC Capital Markets on Tuesday, September 8 to “Outperform”. As per Tuesday, February 2, the company rating was maintained by RBC Capital Markets. The firm earned “Neutral” rating on Wednesday, December 16 by Credit Suisse. The company was initiated on Friday, September 23 by Evercore.

Investors sentiment increased to 0.99 in 2016 Q4. Its up 0.24, from 0.75 in 2016Q3. It is positive, as 45 investors sold Aetna Inc shares while 289 reduced holdings. 93 funds opened positions while 238 raised stakes. 306.97 million shares or 0.42% more from 305.68 million shares in 2016Q3 were reported. Moreover, Cambridge has 0% invested in Aetna Inc (NYSE:AET) for 46,824 shares. Old Mutual Customised Solutions (Proprietary) has 4,854 shares. Oakworth Capital stated it has 0.02% in Aetna Inc (NYSE:AET). Lpl Fin Lc invested in 0.02% or 20,722 shares. Eqis Cap Mngmt Incorporated stated it has 0.1% of its portfolio in Aetna Inc (NYSE:AET). Ig Investment Mngmt Ltd reported 0.27% stake. Clear Harbor Asset Mgmt Lc owns 0.25% invested in Aetna Inc (NYSE:AET) for 9,695 shares. Oppenheimer And Co reported 8,617 shares stake. Moreover, Virtu Llc has 0.05% invested in Aetna Inc (NYSE:AET). Koshinski Asset Management Inc holds 0% of its portfolio in Aetna Inc (NYSE:AET) for 2,726 shares. Blackrock Advsr Llc accumulated 6.88 million shares. Endurance Wealth Management has invested 0% in Aetna Inc (NYSE:AET). State Of Wisconsin Board invested 0.14% in Aetna Inc (NYSE:AET). Financial Bank Of America De holds 0.09% or 3.25 million shares in its portfolio. Joel Isaacson & Ltd Llc invested in 153 shares.

Analysts await Aetna Inc (NYSE:AET) to report earnings on August, 1. They expect $2.35 earnings per share, up 6.33% or $0.14 from last year’s $2.21 per share. AET’s profit will be $771.41 million for 15.16 P/E if the $2.35 EPS becomes a reality. After $2.71 actual earnings per share reported by Aetna Inc for the previous quarter, Wall Street now forecasts -13.28% negative EPS growth.

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