Chemocentryx (CCXI) Market Valuation Rose While P-A-W Capital Cut Position by $1.11 Million; American Intl Group (AIG) Stock Declined While Archon Partners Has Cut Position by $1.84 Million




August 2, 2018 – By Joe Cepeda

American International Group, Inc. (NYSE:AIG) Logo

P-A-W Capital Corp decreased its stake in Chemocentryx Inc (CCXI) by 53.13% based on its latest 2018Q1 regulatory filing with the SEC. P-A-W Capital Corp sold 85,000 shares as the company’s stock rose 32.26% while stock markets declined. The hedge fund held 75,000 shares of the health care company at the end of 2018Q1, valued at $1.02M, down from 160,000 at the end of the previous reported quarter. P-A-W Capital Corp who had been investing in Chemocentryx Inc for a number of months, seems to be less bullish one the $549.01M market cap company. The stock decreased 3.37% or $0.39 during the last trading session, reaching $11.17. About 126,762 shares traded. ChemoCentryx, Inc. (NASDAQ:CCXI) has risen 83.50% since August 2, 2017 and is uptrending. It has outperformed by 70.93% the S&P500. Some Historical CCXI News: 09/05/2018 – ChemoCentryx 1Q Loss/Shr 19c; 13/03/2018 – CHEMOCENTRYX INC CCXI.O : JP MORGAN RAISES TARGET PRICE TO $16 FROM $13; 09/03/2018 – ChemoCentryx Expects to Utilize Between $65M-$75M Cash and Investments in FY18; 09/03/2018 – CHEMOCENTRYX SEES 2018 CASH & INVESTMENTS USE $65M-$75M; 09/03/2018 ChemoCentryx 4Q EPS 80c; 20/04/2018 – DJ Chemocentryx Inc, Inst Holders, 1Q 2018 (CCXI); 09/03/2018 – ChemoCentryx Intends to Initiate Clinical Development of Avacopan in Hidradenitis Suppurativa by Yr-En; 22/03/2018 – ChemoCentryx Publishes Novel Findings of Role of CCR2 in Kidney Glomerulus, Supporting Advancement of CCR2 Inhibitor CCX140 in; 11/04/2018 – ChemoCentryx Announces Presentation During National Kidney Foundation 2018 Spring Clinical Meeting; 09/03/2018 – ChemoCentryx 4Q Net $39.7M

Archon Partners Llc decreased its stake in American Intl Group Inc (AIG) by 21.66% based on its latest 2018Q1 regulatory filing with the SEC. Archon Partners Llc sold 34,000 shares as the company’s stock declined 9.68% with the market. The hedge fund held 123,000 shares of the finance company at the end of 2018Q1, valued at $6.69 million, down from 157,000 at the end of the previous reported quarter. Archon Partners Llc who had been investing in American Intl Group Inc for a number of months, seems to be less bullish one the $49.36 billion market cap company. The stock decreased 0.40% or $0.22 during the last trading session, reaching $54.99. About 5.53M shares traded or 4.10% up from the average. American International Group, Inc. (NYSE:AIG) has declined 15.56% since August 2, 2017 and is downtrending. It has underperformed by 28.13% the S&P500. Some Historical AIG News: 26/03/2018 – Greenberg’s Starr Rejected by U.S. Supreme Court on AIG Bailout; 20/04/2018 – AIG TO REDEEM 8.000% & 8.625% JR SUB DEBS DUE 2038; 03/05/2018 – AIG EXTENDS LOSSES IN REGULAR SESSION, LAST DOWN 8.7 PCT ON TRACK FOR BIGGEST ONE-DAY PCT DROP SINCE FEB 2017; 09/05/2018 – AIG SHAREHOLDERS BACK EXECUTIVE PAY PLAN, RE-ELECT DIRECTORS; 29/05/2018 – Moody’s Affirms Aig Europe’s Insurance Rating At A2, Rates Two New Entities, Stable Outlook; 07/05/2018 – Yahoo! UK: Investor Carl Icahn sells stake in AIG; 19/04/2018 – AIG – NEW STEPS PROVIDES CLIENTS CERTAINTY OF UNINTERRUPTED UK, EUROPEAN INSURANCE COVERAGE AS PART OF CO’S PLANNED RESTRUCTURE OF EUROPEAN BUSINESS; 03/05/2018 – AIG AIG.N CEO SAYS LOSS RATIO FOR NORTH AMERICA COMMERCIAL WILL “PROBABLY WILL BE ABOVE 100” – CONF CALL; 09/05/2018 – AIG shareholders set to vote on pay package for new CEO; 04/05/2018 – Ex-AIG Head Denies Cuomo Oversaw Cuts to $100 Million in Bonuses

Among 22 analysts covering American International Group (NYSE:AIG), 15 have Buy rating, 1 Sell and 6 Hold. Therefore 68% are positive. American International Group had 83 analyst reports since August 5, 2015 according to SRatingsIntel. Barclays Capital maintained American International Group, Inc. (NYSE:AIG) on Friday, February 12 with “Overweight” rating. The stock of American International Group, Inc. (NYSE:AIG) has “Hold” rating given on Thursday, May 3 by Deutsche Bank. The firm has “Buy” rating by UBS given on Thursday, May 17. The stock of American International Group, Inc. (NYSE:AIG) earned “Sell” rating by Deutsche Bank on Monday, March 13. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, December 4. The firm earned “Buy” rating on Wednesday, August 2 by Keefe Bruyette & Woods. The stock of American International Group, Inc. (NYSE:AIG) earned “Neutral” rating by UBS on Monday, October 2. FBR Capital maintained American International Group, Inc. (NYSE:AIG) rating on Monday, April 16. FBR Capital has “Hold” rating and $5900 target. The firm has “Outperform” rating by Credit Suisse given on Friday, January 6. The stock of American International Group, Inc. (NYSE:AIG) earned “Outperform” rating by RBC Capital Markets on Friday, February 17.

Archon Partners Llc, which manages about $495.23M and $458.21 million US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 6,180 shares to 41,280 shares, valued at $7.58M in 2018Q1, according to the filing. It also increased its holding in Bank Amer Corp (NYSE:BAC) by 33,000 shares in the quarter, for a total of 353,500 shares, and has risen its stake in Delta Air Lines Inc Del (NYSE:DAL).

Since February 15, 2018, it had 2 insider buys, and 2 insider sales for $47,270 activity. $209,164 worth of stock was sold by Macia Seraina on Friday, February 16. The insider STEENLAND DOUGLAS M bought 4,800 shares worth $249,879. The insider Macartney Claudine sold $122,320.

Investors sentiment increased to 1 in 2018 Q1. Its up 0.30, from 0.7 in 2017Q4. It increased, as 66 investors sold AIG shares while 249 reduced holdings. 90 funds opened positions while 226 raised stakes. 749.06 million shares or 0.24% more from 747.27 million shares in 2017Q4 were reported. Snow Cap Management Lp invested 0.06% of its portfolio in American International Group, Inc. (NYSE:AIG). 356 are owned by Adirondack Tru Co. Cim Mangement holds 6,455 shares. Aperio Group Inc Ltd Liability Com holds 405,557 shares. Amf Pensionsforsakring holds 0.15% of its portfolio in American International Group, Inc. (NYSE:AIG) for 256,582 shares. Moreover, Hm Payson And has 0.32% invested in American International Group, Inc. (NYSE:AIG). Nuwave Inv Mgmt Lc has 1.46% invested in American International Group, Inc. (NYSE:AIG). 55.62 million are held by Research Global Invsts. Banque Pictet & Cie Sa holds 0.12% or 108,739 shares in its portfolio. Lincluden owns 164,240 shares. Canandaigua Bancorp And Tru holds 0.05% of its portfolio in American International Group, Inc. (NYSE:AIG) for 7,236 shares. Bluefin Trading Ltd Liability Corporation reported 0.96% stake. Patten Group Inc owns 16,302 shares for 0.36% of their portfolio. Beech Hill Advisors accumulated 67,416 shares. Cramer Rosenthal Mcglynn Limited Liability Corp stated it has 1.63M shares.

More notable recent American International Group, Inc. (NYSE:AIG) news were published by: Seekingalpha.com which released: “Carlyle to acquire 19.9% stake of DSA Re from AIG” on August 01, 2018, also Businesswire.com with their article: “David H. McElroy to Join AIG as CEO, Lexington Insurance Company” published on August 01, 2018, Benzinga.com published: “Earnings Scheduled For August 2, 2018” on August 02, 2018. More interesting news about American International Group, Inc. (NYSE:AIG) were released by: Themiddlemarket.com and their article: “M&A wrap: Sycamore, Staples, Leonardo DiCaprio, Allbirds, Houlihan Lokey, Carlyle” published on August 01, 2018 as well as Seekingalpha.com‘s news article titled: “AIG Closes On Validus Deal, Adds AlphaCat ILS Unit To Its Operations” with publication date: July 20, 2018.

Among 7 analysts covering ChemoCentryx (NASDAQ:CCXI), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. ChemoCentryx had 9 analyst reports since September 3, 2015 according to SRatingsIntel. The rating was downgraded by Zacks to “Sell” on Monday, September 21. The company was maintained on Tuesday, March 13 by JP Morgan. The rating was maintained by JMP Securities on Thursday, August 10 with “Buy”. The stock of ChemoCentryx, Inc. (NASDAQ:CCXI) has “Sell” rating given on Thursday, September 3 by Zacks. The stock has “Mkt Outperform” rating by JMP Securities on Tuesday, February 21. Cowen & Co maintained the stock with “Hold” rating in Tuesday, August 8 report.

Since May 1, 2018, it had 0 buys, and 12 sales for $7.89 million activity. Schall Thomas J. also sold $1.19M worth of ChemoCentryx, Inc. (NASDAQ:CCXI) on Monday, May 21. Cappel Markus J. sold $550,912 worth of stock.

P-A-W Capital Corp, which manages about $83.23 million US Long portfolio, upped its stake in Tcp Cap Corp (NASDAQ:TCPC) by 35,000 shares to 125,000 shares, valued at $1.78 million in 2018Q1, according to the filing. It also increased its holding in Eiger Biopharmaceuticals Inc by 35,000 shares in the quarter, for a total of 135,000 shares, and has risen its stake in Marchex Inc (NASDAQ:MCHX).

American International Group, Inc. (NYSE:AIG) Institutional Positions Chart

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