Alpine Investment Management Lifted Kingstone Companies (KINS) Position; As Ignyta (RXDX) Stock Value Declined, Holder Broadfin Capital Cut Position

January 13, 2018 - By Vivian Park

Kevin Kotler decreased its stake in Ignyta Inc (RXDX) by 49.19% based on its latest 2017Q3 regulatory filing with the SEC. Broadfin Capital Llc sold 1.45M shares as the company’s stock declined 28.13% while stock markets rallied. The hedge fund run by Kevin Kotler held 1.49 million shares of the health care company at the end of 2017Q3, valued at $18.46M, down from 2.94M at the end of the previous reported quarter. Broadfin Capital Llc who had been investing in Ignyta Inc for a number of months, seems to be less bullish one the $1.82B market cap company. The stock decreased 0.19% or $0.05 during the last trading session, reaching $26.95. About 1.20M shares traded. Ignyta, Inc. (NASDAQ:RXDX) has risen 14.24% since January 13, 2017 and is uptrending. It has underperformed by 2.46% the S&P500.

Alpine Investment Management Llc increased its stake in Kingstone Companies Inc (KINS) by 20.46% based on its latest 2017Q3 regulatory filing with the SEC. Alpine Investment Management Llc bought 35,400 shares as the company’s stock rose 8.42% with the market. The hedge fund held 208,452 shares of the finance company at the end of 2017Q3, valued at $3.40 million, up from 173,052 at the end of the previous reported quarter. Alpine Investment Management Llc who had been investing in Kingstone Companies Inc for a number of months, seems to be bullish on the $222.62 million market cap company. The stock increased 0.48% or $0.1 during the last trading session, reaching $20.95. About 39,157 shares traded or 18.74% up from the average. Kingstone Companies, Inc. (NASDAQ:KINS) has risen 64.08% since January 13, 2017 and is uptrending. It has outperformed by 47.38% the S&P500.

Investors sentiment decreased to 1.3 in 2017 Q3. Its down 0.99, from 2.29 in 2017Q2. It dropped, as 5 investors sold KINS shares while 18 reduced holdings. 8 funds opened positions while 22 raised stakes. 5.16 million shares or 3.63% more from 4.98 million shares in 2017Q2 were reported. Financial Bank Of Montreal Can stated it has 0% in Kingstone Companies, Inc. (NASDAQ:KINS). Tower Research Capital Limited Com (Trc) holds 0% or 1,986 shares. Schwab Charles Inc holds 0% or 14,700 shares. Wells Fargo And Mn has 65,050 shares for 0% of their portfolio. 20,001 were reported by M&T Bank & Trust. Renaissance Technologies Limited holds 247,900 shares or 0% of its portfolio. Next Financial has 0% invested in Kingstone Companies, Inc. (NASDAQ:KINS). Brandywine Glob Invest Mngmt Ltd Company reported 0% stake. Fincl Bank Of America Corporation De has invested 0% in Kingstone Companies, Inc. (NASDAQ:KINS). Citigroup Inc invested in 0% or 10 shares. The Minnesota-based Sit Investment Assoc has invested 0.01% in Kingstone Companies, Inc. (NASDAQ:KINS). Barclays Public Ltd holds 0% or 310 shares in its portfolio. Moreover, Ameritas Investment Incorporated has 0% invested in Kingstone Companies, Inc. (NASDAQ:KINS) for 796 shares. American Gru Inc Inc reported 6,083 shares. Geode Cap Ltd owns 70,207 shares.

Among 2 analysts covering Kingstone (NASDAQ:KINS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Kingstone had 3 analyst reports since April 11, 2017 according to SRatingsIntel. On Wednesday, January 10 the stock rating was maintained by Sandler O’Neill with “Buy”. On Friday, July 14 the stock rating was maintained by Boenning & Scattergood with “Buy”. The stock has “Outperform” rating by Boenning & Scattergood on Tuesday, April 11.

Alpine Investment Management Llc, which manages about $980.30 million and $1.85B US Long portfolio, decreased its stake in Berkshire Hathaway Inc (BRKB) by 14,537 shares to 513,688 shares, valued at $94.17 million in 2017Q3, according to the filing. It also reduced its holding in J P Morgan Chase & Co. (NYSE:JPM) by 8,254 shares in the quarter, leaving it with 677,659 shares, and cut its stake in Liberty Global Plc (NASDAQ:LBTYK).

Analysts await Ignyta, Inc. (NASDAQ:RXDX) to report earnings on March, 13. They expect $-0.44 earnings per share, up 34.33% or $0.23 from last year’s $-0.67 per share. After $-0.51 actual earnings per share reported by Ignyta, Inc. for the previous quarter, Wall Street now forecasts -13.73% EPS growth.

Broadfin Capital Llc, which manages about $1.26B and $676.01M US Long portfolio, upped its stake in Contrafect Corp (NASDAQ:CFRX) by 1.39 million shares to 2.71M shares, valued at $3.01M in 2017Q3, according to the filing. It also increased its holding in Paratek Pharmaceuticals Inc (NASDAQ:PRTK) by 129,187 shares in the quarter, for a total of 406,207 shares, and has risen its stake in Angiodynamics Inc (NASDAQ:ANGO).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: