Citigroup Trimmed Western Alliance Bancorp (WAL) Holding; Celsion (CLSN) Shorts Up By 44.04%

January 14, 2018 - By Hazel Jackson

Citigroup Inc decreased Western Alliance Bancorp (WAL) stake by 21.19% reported in 2017Q3 SEC filing. Citigroup Inc sold 14,301 shares as Western Alliance Bancorp (WAL)’s stock declined 13.36%. The Citigroup Inc holds 53,199 shares with $2.82 million value, down from 67,500 last quarter. Western Alliance Bancorp now has $6.25 billion valuation. The stock increased 0.12% or $0.07 during the last trading session, reaching $59.22. About 1.36M shares traded or 123.21% up from the average. Western Alliance Bancorporation (NYSE:WAL) has risen 29.08% since January 14, 2017 and is uptrending. It has outperformed by 12.38% the S&P500.

Celsion Corporation (NASDAQ:CLSN) had an increase of 44.04% in short interest. CLSN’s SI was 1.72 million shares in January as released by FINRA. Its up 44.04% from 1.19 million shares previously. With 5.49 million avg volume, 0 days are for Celsion Corporation (NASDAQ:CLSN)’s short sellers to cover CLSN’s short positions. The stock decreased 1.43% or $0.04 during the last trading session, reaching $2.75. About 336,356 shares traded. Celsion Corporation (NASDAQ:CLSN) has declined 82.71% since January 14, 2017 and is downtrending. It has underperformed by 99.41% the S&P500.

Among 12 analysts covering Western Alliance Bancorp (NYSE:WAL), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Western Alliance Bancorp had 41 analyst reports since September 8, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Monday, October 23 with “Buy”. The stock of Western Alliance Bancorporation (NYSE:WAL) earned “Buy” rating by Sandler O’Neill on Thursday, January 4. The stock of Western Alliance Bancorporation (NYSE:WAL) has “Overweight” rating given on Tuesday, February 14 by Barclays Capital. Wells Fargo maintained it with “Hold” rating and $62.0 target in Tuesday, January 9 report. As per Thursday, February 11, the company rating was upgraded by DA Davidson. The firm has “Buy” rating by Jefferies given on Friday, June 23. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Friday, October 20. Jefferies maintained the shares of WAL in report on Friday, September 29 with “Buy” rating. On Monday, June 26 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The firm has “Buy” rating by RBC Capital Markets given on Friday, October 20.

Investors sentiment increased to 1.32 in 2017 Q3. Its up 0.30, from 1.02 in 2017Q2. It improved, as 20 investors sold WAL shares while 85 reduced holdings. 42 funds opened positions while 97 raised stakes. 84.78 million shares or 0.26% more from 84.56 million shares in 2017Q2 were reported. Proshare holds 0.01% in Western Alliance Bancorporation (NYSE:WAL) or 13,315 shares. Massachusetts-based Rhumbline Advisers has invested 0.01% in Western Alliance Bancorporation (NYSE:WAL). 69,454 were reported by Oak Ridge Limited. Boston Limited Liability Company has 26,385 shares for 0.03% of their portfolio. Stifel has 0.02% invested in Western Alliance Bancorporation (NYSE:WAL) for 87,381 shares. Ngam Advsr Limited Partnership holds 25,620 shares. Investment Counselors Of Maryland Limited Co invested 0.01% in Western Alliance Bancorporation (NYSE:WAL). Dana Investment Inc reported 58,165 shares stake. First Interstate Natl Bank holds 0.07% or 6,190 shares. Waratah Cap invested 0.11% of its portfolio in Western Alliance Bancorporation (NYSE:WAL). Employees Retirement Systems Of Ohio has 84,204 shares for 0.02% of their portfolio. First Manhattan Com has 0% invested in Western Alliance Bancorporation (NYSE:WAL). Carroll Financial Associates stated it has 54 shares. Natixis accumulated 46,986 shares. Contravisory Mngmt holds 0% or 28 shares in its portfolio.

Since August 16, 2017, it had 0 insider buys, and 9 insider sales for $14.85 million activity. Sarver Robert Gary had sold 100,000 shares worth $4.84M on Wednesday, August 16. Another trade for 3,000 shares valued at $169,080 was made by MCAUSLAN ROBERT REOCH on Friday, December 15. Shares for $223,880 were sold by SNYDER DONALD D. 4,000 shares were sold by BEACH BRUCE D, worth $223,560. On Monday, October 23 the insider BOYD WILLIAM S sold $555,462. $279,450 worth of Western Alliance Bancorporation (NYSE:WAL) shares were sold by Sohn Sung Won.

Analysts await Western Alliance Bancorporation (NYSE:WAL) to report earnings on January, 25. They expect $0.83 earnings per share, up 18.57% or $0.13 from last year’s $0.7 per share. WAL’s profit will be $87.56M for 17.84 P/E if the $0.83 EPS becomes a reality. After $0.79 actual earnings per share reported by Western Alliance Bancorporation for the previous quarter, Wall Street now forecasts 5.06% EPS growth.

Citigroup Inc increased Bank Montreal Que (Call) (NYSE:BMO) stake by 30,000 shares to 85,000 valued at $6.42M in 2017Q3. It also upped Qorvo Inc stake by 26,634 shares and now owns 47,034 shares. Kellogg Co (Put) (NYSE:K) was raised too.

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