Sarissa Capital Management LP Boosted By $20.02 Million Its Biogen (BIIB) Stake; Shorts at ARC RESOURCES LTD (AETUF) Lowered By 15.18%

December 11, 2017 - By Marguerite Chambers

ARC RESOURCES LTD (OTCMKTS:AETUF) had a decrease of 15.18% in short interest. AETUF’s SI was 2.60 million shares in December as released by FINRA. Its down 15.18% from 3.06M shares previously. With 12,700 avg volume, 205 days are for ARC RESOURCES LTD (OTCMKTS:AETUF)’s short sellers to cover AETUF’s short positions. The stock increased 2.44% or $0.2746 during the last trading session, reaching $11.5463. About 4,322 shares traded. ARC Resources Ltd. (OTCMKTS:AETUF) has 0.00% since December 11, 2016 and is . It has underperformed by 16.70% the S&P500.

Sarissa Capital Management Lp increased Biogen Inc (BIIB) stake by 23.83% reported in 2017Q2 SEC filing. Sarissa Capital Management Lp acquired 73,858 shares as Biogen Inc (BIIB)’s stock declined 13.45%. The Sarissa Capital Management Lp holds 383,858 shares with $104.16 million value, up from 310,000 last quarter. Biogen Inc now has $69.36B valuation. The stock increased 0.68% or $2.21 during the last trading session, reaching $327.98. About 674,788 shares traded. Biogen Inc. (NASDAQ:BIIB) has risen 4.94% since December 11, 2016 and is uptrending. It has underperformed by 11.76% the S&P500.

ARC Resources Ltd., together with its subsidiaries, acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids. The company has market cap of $4.17 billion. It primarily has interest in four core areas located in Alberta and British Columbia, Canada. It has a 10.93 P/E ratio.

Among 31 analysts covering Biogen Idec Inc. (NASDAQ:BIIB), 21 have Buy rating, 0 Sell and 10 Hold. Therefore 68% are positive. Biogen Idec Inc. had 92 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Biogen Inc. (NASDAQ:BIIB) has “Hold” rating given on Wednesday, August 30 by Jefferies. Stifel Nicolaus maintained it with “Buy” rating and $430.0 target in Monday, October 23 report. The company was maintained on Monday, November 6 by BMO Capital Markets. UBS upgraded the stock to “Neutral” rating in Monday, June 19 report. The firm has “Buy” rating by Citigroup given on Thursday, February 25. PiperJaffray upgraded Biogen Inc. (NASDAQ:BIIB) on Monday, November 7 to “Overweight” rating. The stock of Biogen Inc. (NASDAQ:BIIB) earned “Overweight” rating by Piper Jaffray on Monday, November 7. The rating was upgraded by Goldman Sachs on Wednesday, August 16 to “Conviction Buy”. Jefferies maintained it with “Hold” rating and $28100 target in Monday, June 12 report. Stifel Nicolaus maintained the shares of BIIB in report on Friday, December 9 with “Hold” rating.

Investors sentiment increased to 1.13 in 2017 Q2. Its up 0.25, from 0.88 in 2017Q1. It is positive, as 81 investors sold BIIB shares while 321 reduced holdings. 78 funds opened positions while 277 raised stakes. 180.66 million shares or 1.01% less from 182.50 million shares in 2017Q1 were reported. Cubist Systematic Strategies Limited Com, Connecticut-based fund reported 4,237 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.23% of its portfolio in Biogen Inc. (NASDAQ:BIIB) for 84,966 shares. Chesley Taft & Assocs Ltd Company has 0.11% invested in Biogen Inc. (NASDAQ:BIIB). Ny State Common Retirement Fund has 0.21% invested in Biogen Inc. (NASDAQ:BIIB). Seaward Mgmt Ltd Partnership stated it has 0.01% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Ingalls And Snyder Limited Liability Corporation holds 6,174 shares. Pictet Asset Mngmt Ltd has invested 0.44% in Biogen Inc. (NASDAQ:BIIB). Comerica Secs reported 0.05% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Verition Fund Limited Liability Company has invested 0.06% in Biogen Inc. (NASDAQ:BIIB). The New York-based Barrett Asset Mngmt Ltd Liability Corporation has invested 0% in Biogen Inc. (NASDAQ:BIIB). Auxier Asset Mngmt has invested 1.56% in Biogen Inc. (NASDAQ:BIIB). Camber Cap Management Llc holds 1.32% in Biogen Inc. (NASDAQ:BIIB) or 100,000 shares. Holland Cap Management Limited Liability Company has 69,449 shares for 0.83% of their portfolio. Weiss Multi reported 30,087 shares stake. Naples Glob Advsr Limited Liability Com holds 1,200 shares.

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