Palo Alto Investors Trimmed Holding in Align Technology (ALGN) by $2.35 Million; Polyone (POL) Stock Value Declined While Mutual Of America Capital Management Has Decreased Holding

April 23, 2018 - By Peter Erickson

Align Technology, Inc. (NASDAQ:ALGN) Logo

Mutual Of America Capital Management Llc decreased its stake in Polyone Corp (POL) by 38.9% based on its latest 2017Q4 regulatory filing with the SEC. Mutual Of America Capital Management Llc sold 41,675 shares as the company’s stock declined 3.82% with the market. The institutional investor held 65,467 shares of the major chemicals company at the end of 2017Q4, valued at $2.85M, down from 107,142 at the end of the previous reported quarter. Mutual Of America Capital Management Llc who had been investing in Polyone Corp for a number of months, seems to be less bullish one the $3.54B market cap company. The stock decreased 0.54% or $0.24 during the last trading session, reaching $44.3. About 300,584 shares traded. PolyOne Corporation (NYSE:POL) has risen 25.46% since April 23, 2017 and is uptrending. It has outperformed by 13.91% the S&P500.

William Leland Edwards decreased its stake in Align Technology Inc (ALGN) by 4.75% based on its latest 2017Q4 regulatory filing with the SEC. Palo Alto Investors Llc sold 10,600 shares as the company’s stock rose 11.29% while stock markets declined. The hedge fund run by William Leland Edwards held 212,507 shares of the health care company at the end of 2017Q4, valued at $47.22 million, down from 223,107 at the end of the previous reported quarter. Palo Alto Investors Llc 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 1.21M shares traded or 10.36% up from the average. Align Technology, Inc. (NASDAQ:ALGN) has risen 117.77% since April 23, 2017 and is uptrending. It has outperformed by 106.22% the S&P500.

Analysts await PolyOne Corporation (NYSE:POL) to report earnings on April, 26 before the open. They expect $0.65 earnings per share, up 10.17% or $0.06 from last year’s $0.59 per share. POL’s profit will be $51.97 million for 17.04 P/E if the $0.65 EPS becomes a reality. After $0.41 actual earnings per share reported by PolyOne Corporation for the previous quarter, Wall Street now forecasts 58.54% EPS growth.

Among 9 analysts covering Polyone Corporation (NYSE:POL), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Polyone Corporation had 27 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, January 16 by Robert W. Baird. Jefferies maintained the stock with “Hold” rating in Friday, September 15 report. The stock of PolyOne Corporation (NYSE:POL) has “Hold” rating given on Friday, June 30 by Jefferies. On Monday, August 24 the stock rating was maintained by Robert W. Baird with “Buy”. Jefferies maintained PolyOne Corporation (NYSE:POL) rating on Tuesday, October 17. Jefferies has “Hold” rating and $42.0 target. Jefferies maintained PolyOne Corporation (NYSE:POL) rating on Wednesday, October 12. Jefferies has “Hold” rating and $36 target. The company was downgraded on Tuesday, July 28 by Longbow. The rating was maintained by Jefferies with “Hold” on Thursday, June 15. The firm has “Buy” rating given on Wednesday, August 16 by Oppenheimer. As per Monday, August 17, the company rating was upgraded by Goldman Sachs.

Investors sentiment increased to 1.24 in Q4 2017. Its up 0.25, from 0.99 in 2017Q3. It is positive, as 10 investors sold POL shares while 86 reduced holdings. 47 funds opened positions while 72 raised stakes. 72.13 million shares or 0.72% less from 72.65 million shares in 2017Q3 were reported. Teachers Retirement System Of The State Of Kentucky invested in 58,246 shares. Peak6 Investments Lp reported 21,152 shares. 251,242 are owned by Goldman Sachs Gp. State Teachers Retirement Systems has 0.02% invested in PolyOne Corporation (NYSE:POL). Mondrian Investment Prtn holds 0.07% or 69,558 shares in its portfolio. Tocqueville Asset Mgmt Ltd Partnership has invested 0.12% in PolyOne Corporation (NYSE:POL). Ahl Prtnrs Ltd Liability Partnership stated it has 113,892 shares. 20,763 were accumulated by Liberty Mutual Gp Asset Mgmt Inc. Wellington Shields Mngmt Llc invested 0.08% in PolyOne Corporation (NYSE:POL). State Street holds 0.01% or 3.04M shares. Hartford Investment Management Co accumulated 145,883 shares. Glenmede Tru Na holds 743 shares or 0% of its portfolio. Ing Groep Nv stated it has 0.01% of its portfolio in PolyOne Corporation (NYSE:POL). Mason Street Limited Company accumulated 39,809 shares. Sei Invs has 0.03% invested in PolyOne Corporation (NYSE:POL).

Mutual Of America Capital Management Llc, which manages about $13.10B and $6.56B US Long portfolio, upped its stake in Orchids Paper Products Co (NYSEMKT:TIS) by 141,498 shares to 524,898 shares, valued at $6.72M in 2017Q4, according to the filing. It also increased its holding in S&T Bancorp Inc. (NASDAQ:STBA) by 11,207 shares in the quarter, for a total of 99,678 shares, and has risen its stake in Selective Insurance Group Inc. (NASDAQ:SIGI).

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. The stock has “Outperform” rating by Leerink Swann on Friday, September 11. Stifel Nicolaus maintained the shares of ALGN in report on Friday, October 23 with “Buy” rating. On Tuesday, January 30 the stock rating was maintained by Stifel Nicolaus with “Buy”. As per Wednesday, January 31, the company rating was maintained by Credit Suisse. On Friday, December 8 the stock rating was initiated by Deutsche Bank with “Hold”. Stifel Nicolaus maintained it with “Buy” rating and $82 target in Friday, January 29 report. The stock has “Buy” rating by Leerink Swann on Friday, October 27. The company was maintained on Friday, October 27 by Robert W. Baird. Stifel Nicolaus maintained Align Technology, Inc. (NASDAQ:ALGN) rating on Monday, November 28. Stifel Nicolaus has “Buy” rating and $110 target. Leerink Swann maintained the shares of ALGN in report on Monday, December 4 with “Buy” rating.

Since February 2, 2018, it had 1 buying transaction, and 1 insider sale for $11.56 million activity. Another trade for 45,780 shares valued at $11.91M was made by Wright Emory on Friday, February 2.

Palo Alto Investors Llc, which manages about $1.30 billion and $2.32B US Long portfolio, upped its stake in Karyopharm Therapeutics Inc (NASDAQ:KPTI) by 45,854 shares to 3.54M shares, valued at $34.03M in 2017Q4, according to the filing. It also increased its holding in Immunomedics Inc (NASDAQ:IMMU) by 1.76M shares in the quarter, for a total of 4.77M shares, and has risen its stake in Alder Biopharmaceuticals Inc (NASDAQ:ALDR).

Investors sentiment is 0.93 in 2017 Q4. 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. Morgan Stanley owns 885,856 shares for 0.05% of their portfolio. Dorsey Wright And, a California-based fund reported 12,059 shares. Polen Cap Management Lc stated it has 4.33% in Align Technology, Inc. (NASDAQ:ALGN). Employees Retirement Systems Of Texas has invested 0.01% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). Renaissance Technology Ltd Liability holds 0.64% in Align Technology, Inc. (NASDAQ:ALGN) or 2.61M shares. Endurance Wealth Mngmt holds 0.03% in Align Technology, Inc. (NASDAQ:ALGN) or 700 shares. Hanseatic Mgmt Incorporated invested in 8,858 shares. Stephens Inv Management Grp Lc reported 0.18% stake. Bremer Trust Natl Association owns 1,235 shares or 0.07% of their US portfolio. De Burlo stated it has 50,400 shares. Financial Architects holds 625 shares or 0.02% of its portfolio. Gamco Et Al accumulated 0% or 1,200 shares. Da Davidson And has invested 0.02% in Align Technology, Inc. (NASDAQ:ALGN). Rhumbline Advisers holds 143,282 shares or 0.06% of its portfolio. Whittier Trust Com Of Nevada Incorporated owns 504 shares for 0.01% of their portfolio.

Analysts await Align Technology, Inc. (NASDAQ:ALGN) to report earnings on April, 25 after the close. They expect $0.98 earnings per share, 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 earnings per share 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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