Align Technology (ALGN) Holder Clinton Group Has Trimmed Its Stake by $693,084; As Usa Compression Partners LP (USAC) Valuation Rose, Holder Carlyle Group LP Has Upped Its Holding

April 22, 2018 - By Richard Conner

Align Technology, Inc. (NASDAQ:ALGN) Logo

Greg Taxin decreased its stake in Align Technology Inc (ALGN) by 68.51% based on its latest 2017Q4 regulatory filing with the SEC. Clinton Group Inc sold 3,122 shares as the company’s stock rose 11.29% while stock markets declined. The hedge fund run by Greg Taxin held 1,435 shares of the health care company at the end of 2017Q4, valued at $319,000, down from 4,557 at the end of the previous reported quarter. Clinton Group Inc who had been investing in Align Technology Inc for a number of months, seems to be less bullish one the $19.80 billion market cap company. The stock decreased 2.26% or $5.71 during the last trading session, reaching $247.07. About 1.21 million shares traded or 10.27% up from the average. Align Technology, Inc. (NASDAQ:ALGN) has risen 117.77% since April 22, 2017 and is uptrending. It has outperformed by 106.22% the S&P500.

Carlyle Group Lp increased its stake in Usa Compression Partners Lp (USAC) by 0.64% based on its latest 2017Q4 regulatory filing with the SEC. Carlyle Group Lp bought 158,375 shares as the company’s stock rose 1.15% while stock markets declined. The institutional investor held 25.09 million shares of the public utilities company at the end of 2017Q4, valued at $415.03 million, up from 24.93 million at the end of the previous reported quarter. Carlyle Group Lp who had been investing in Usa Compression Partners Lp for a number of months, seems to be bullish on the $1.78B market cap company. The stock decreased 0.27% or $0.05 during the last trading session, reaching $18.8. About 236,275 shares traded or 16.13% up from the average. USA Compression Partners, LP (NYSE:USAC) has risen 2.63% since April 22, 2017 and is uptrending. It has underperformed by 8.92% the S&P500.

Among 15 analysts covering Align Technology (NASDAQ:ALGN), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Align Technology had 57 analyst reports since July 27, 2015 according to SRatingsIntel. On Friday, January 19 the stock rating was downgraded by Stephens to “Hold”. The stock of Align Technology, Inc. (NASDAQ:ALGN) has “Buy” rating given on Friday, July 28 by Roth Capital. The stock of Align Technology, Inc. (NASDAQ:ALGN) has “Buy” rating given on Friday, April 6 by Credit Suisse. The stock of Align Technology, Inc. (NASDAQ:ALGN) has “Buy” rating given on Wednesday, October 18 by Robert W. Baird. The rating was maintained by Morgan Stanley on Monday, June 19 with “Buy”. Piper Jaffray maintained Align Technology, Inc. (NASDAQ:ALGN) on Thursday, July 27 with “Buy” rating. The firm has “Buy” rating given on Friday, October 27 by Robert W. Baird. The stock has “Outperform” rating by Leerink Swann on Friday, September 11. On Friday, October 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. On Monday, October 3 the stock rating was downgraded by Robert W. Baird to “Neutral”.

Investors sentiment is 0.93 in Q4 2017. Its the same as in 2017Q3. It is without change, as 37 investors sold ALGN shares while 216 reduced holdings. only 100 funds opened positions while 136 raised stakes. 60.90 million shares or 3.22% less from 62.92 million shares in 2017Q3 were reported. Credit Suisse Ag owns 263,398 shares for 0.05% of their portfolio. Tcw Gru Incorporated holds 0.13% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 72,268 shares. Jpmorgan Chase & has 0.01% invested in Align Technology, Inc. (NASDAQ:ALGN). Hl Service Lc stated it has 0.07% in Align Technology, Inc. (NASDAQ:ALGN). Smith Asset Mgmt Grp Inc Limited Partnership invested 1.08% in Align Technology, Inc. (NASDAQ:ALGN). 16,000 were accumulated by Sivik Glob Healthcare Lc. Creative Planning has 0.01% invested in Align Technology, Inc. (NASDAQ:ALGN). Brinker Cap Inc reported 0.12% stake. Macquarie Grp Incorporated holds 0.03% or 71,138 shares in its portfolio. Moreover, Eulav Asset Management has 0.03% invested in Align Technology, Inc. (NASDAQ:ALGN) for 3,000 shares. Quantitative Investment Management holds 0.21% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 63,300 shares. Parsons Capital Management Ri owns 2,402 shares for 0.06% of their portfolio. Brown Advisory holds 8,272 shares. Bessemer Grp Incorporated owns 236 shares for 0% of their portfolio. Jones Collombin Investment Counsel Inc invested in 0.01% or 116 shares.

Since February 2, 2018, it had 1 buying transaction, and 1 sale for $11.56 million activity. Another trade for 1,500 shares valued at $350,445 was made by HOGAN JOSEPH M on Tuesday, February 13.

Clinton Group Inc, which manages about $2.04B and $1.14B US Long portfolio, upped its stake in Molina Healthcare Inc (NYSE:MOH) by 69,201 shares to 110,138 shares, valued at $8.45M in 2017Q4, according to the filing. It also increased its holding in Cms Energy Corp (NYSE:CMS) by 32,661 shares in the quarter, for a total of 43,475 shares, and has risen its stake in Kla (NASDAQ:KLAC).

Analysts await Align Technology, Inc. (NASDAQ:ALGN) to report earnings on April, 25 after the close. They expect $0.98 EPS, up 15.29% or $0.13 from last year’s $0.85 per share. ALGN’s profit will be $78.54 million for 63.03 P/E if the $0.98 EPS becomes a reality. After $1.19 actual EPS reported by Align Technology, Inc. for the previous quarter, Wall Street now forecasts -17.65% negative EPS growth.

Align Technology, Inc. (NASDAQ:ALGN) Institutional Positions Chart

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