Suntrust Banks (STI) Holder Teachers Retirement System Of The State Of Kentucky Lifted Stake; As Pacific Biosciences Calif In (PACB) Share Price Declined, Shareholder Consonance Capital Management LP Increased Its Holding

February 20, 2018 - By Henry Gaston

Mitchell Blutt increased its stake in Pacific Biosciences Calif In (PACB) by 80.07% based on its latest 2017Q3 regulatory filing with the SEC. Consonance Capital Management Lp bought 3.07 million shares as the company’s stock declined 26.83% while stock markets rallied. The hedge fund run by Mitchell Blutt held 6.90M shares of the capital goods company at the end of 2017Q3, valued at $36.23M, up from 3.83M at the end of the previous reported quarter. Consonance Capital Management Lp who had been investing in Pacific Biosciences Calif In for a number of months, seems to be bullish on the $317.34 million market cap company. The stock decreased 4.09% or $0.105 during the last trading session, reaching $2.465. About 521,932 shares traded. Pacific Biosciences of California, Inc. (NASDAQ:PACB) has declined 59.88% since February 20, 2017 and is downtrending. It has underperformed by 76.58% the S&P500.

Teachers Retirement System Of The State Of Kentucky increased its stake in Suntrust Banks (STI) by 7.5% based on its latest 2017Q3 regulatory filing with the SEC. Teachers Retirement System Of The State Of Kentucky bought 29,000 shares as the company’s stock declined 9.30% while stock markets rallied. The institutional investor held 415,450 shares of the finance company at the end of 2017Q3, valued at $24.83 million, up from 386,450 at the end of the previous reported quarter. Teachers Retirement System Of The State Of Kentucky who had been investing in Suntrust Banks for a number of months, seems to be bullish on the $33.60B market cap company. The stock increased 0.27% or $0.19 during the last trading session, reaching $71.34. About 2.93M shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since February 20, 2017 and is uptrending. It has outperformed by 10.12% the S&P500.

Teachers Retirement System Of The State Of Kentucky, which manages about $8.32B US Long portfolio, decreased its stake in United Rentals Inc (NYSE:URI) by 14,500 shares to 369,030 shares, valued at $51.20 million in 2017Q3, according to the filing. It also reduced its holding in Applied Materials Inc (NASDAQ:AMAT) by 233,574 shares in the quarter, leaving it with 761,917 shares, and cut its stake in Cch I Llc.

Since January 23, 2018, it had 0 insider buys, and 1 sale for $507,911 activity.

Among 34 analysts covering Suntrust Banks Inc. (NYSE:STI), 16 have Buy rating, 0 Sell and 18 Hold. Therefore 47% are positive. Suntrust Banks Inc. had 108 analyst reports since July 20, 2015 according to SRatingsIntel. BMO Capital Markets maintained SunTrust Banks, Inc. (NYSE:STI) on Monday, December 18 with “Hold” rating. The stock has “Buy” rating by RBC Capital Markets on Friday, January 19. Susquehanna maintained the stock with “Hold” rating in Friday, January 19 report. The company was downgraded on Tuesday, November 15 by Standpoint Research. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Hold” rating given on Tuesday, January 2 by Barclays Capital. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Underweight” rating by Morgan Stanley on Tuesday, July 25. On Monday, April 3 the stock rating was upgraded by Jefferies to “Buy”. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 3. The rating was maintained by Piper Jaffray on Sunday, August 27 with “Buy”. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Neutral” rating by Wedbush on Thursday, December 21.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.01, from 0.92 in 2017Q2. It worsened, as 65 investors sold STI shares while 235 reduced holdings. 69 funds opened positions while 205 raised stakes. 375.36 million shares or 2.72% less from 385.84 million shares in 2017Q2 were reported. California State Teachers Retirement Systems stated it has 850,592 shares. Nomura Asset Mngmt Limited, Japan-based fund reported 83,302 shares. Hellman Jordan Mngmt Inc Ma invested 1.09% in SunTrust Banks, Inc. (NYSE:STI). Employees Retirement System Of Texas owns 245,000 shares. Argent Capital Ltd Company holds 931,883 shares. 1.61M are owned by Schwab Charles Management Incorporated. Whittier Tru Of Nevada holds 1,132 shares. Nippon Life Global Americas Inc holds 178,810 shares or 0.91% of its portfolio. Strategic Global Llc invested in 0.59% or 25,946 shares. Sg Americas Securities Lc has invested 0% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). The Colorado-based Amg Trust Bancshares has invested 0.02% in SunTrust Banks, Inc. (NYSE:STI). Bokf Na has 5,980 shares for 0.01% of their portfolio. First Manhattan invested in 0% or 6,006 shares. Investec Asset Management, United Kingdom-based fund reported 2.60 million shares. Btim reported 495,300 shares.

Investors sentiment increased to 1.55 in Q3 2017. Its up 0.53, from 1.02 in 2017Q2. It is positive, as 16 investors sold PACB shares while 17 reduced holdings. 15 funds opened positions while 36 raised stakes. 80.23 million shares or 4.63% more from 76.68 million shares in 2017Q2 were reported. Barclays Plc reported 2,401 shares. 7,763 were reported by Citigroup Inc. Morgan Stanley invested in 172,258 shares or 0% of the stock. Millennium Mngmt Lc owns 962,221 shares. Deutsche Bankshares Ag invested in 229,262 shares or 0% of the stock. Smithfield Trust Com holds 0% or 4,862 shares. Bnp Paribas Arbitrage invested in 8,446 shares or 0% of the stock. Tiedemann Wealth Ltd Liability Corporation, a New York-based fund reported 11,700 shares. Point72 Asia (Hong Kong) Ltd accumulated 277 shares or 0% of the stock. Northern Trust Corporation reported 1.26M shares. Blair William Il reported 0% of its portfolio in Pacific Biosciences of California, Inc. (NASDAQ:PACB). Panagora Asset Mngmt stated it has 0% in Pacific Biosciences of California, Inc. (NASDAQ:PACB). D E Shaw & Company accumulated 125,240 shares or 0% of the stock. Soros Fund Mngmt Ltd Liability Company invested in 0.08% or 670,400 shares. Trellus Mgmt Ltd Liability Com holds 3.78% or 525,000 shares in its portfolio.

Consonance Capital Management Lp, which manages about $513.80M and $904.16M US Long portfolio, decreased its stake in La Jolla Pharmaceutical Co (NASDAQ:LJPC) by 10,000 shares to 2.00M shares, valued at $69.65 million in 2017Q3, according to the filing. It also reduced its holding in Keryx Biopharmaceuticals Inc (NASDAQ:KERX) by 1.78 million shares in the quarter, leaving it with 5.23 million shares, and cut its stake in Corcept Therapeutics Inc (NASDAQ:CORT).

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