As United Parcel Service (UPS) Valuation Rose, Shareholder Pecaut & Company Cut Its Position; Corcept Therapeutics (CORT) Holder Texas Permanent School Fund Has Upped Its Stake by $338,672

August 12, 2018 - By Vernon Prom

Corcept Therapeutics Incorporated (NASDAQ:CORT) Logo

Texas Permanent School Fund increased its stake in Corcept Therapeutics Inc (CORT) by 50.48% based on its latest 2018Q1 regulatory filing with the SEC. Texas Permanent School Fund bought 21,167 shares as the company’s stock rose 20.10% while stock markets declined. The institutional investor held 63,095 shares of the major pharmaceuticals company at the end of 2018Q1, valued at $1.04M, up from 41,928 at the end of the previous reported quarter. Texas Permanent School Fund who had been investing in Corcept Therapeutics Inc for a number of months, seems to be bullish on the $1.53 billion market cap company. The stock decreased 5.15% or $0.72 during the last trading session, reaching $13.26. About 4.06 million shares traded or 220.66% up from the average. Corcept Therapeutics Incorporated (NASDAQ:CORT) has risen 60.38% since August 12, 2017 and is uptrending. It has outperformed by 47.81% the S&P500. Some Historical CORT News: 17/05/2018 – FDA’S GOTTLIEB – COS FOR WHICH INQUIRIES HAVE BEEN RECEIVED INCLUDE DANCO LABORATORIES, ROXANE LABORATORIES, CORCEPT THERAPEUTICS, AEGERION PHARMA; 15/03/2018 – CORCEPT SUIT ALLEGES INFRINGEMENT OF KORLYM PATENTS; 16/05/2018 – Corcept Therapeutics Announces Presentations at the American Association of Clinical Endocrinologists 27th Annual Congress; 15/03/2018 – CORCEPT THERAPEUTICS INC – FILED A LAWSUIT AGAINST TEVA FOR “INFRINGEMENT OF CORCEPT PATENTS” COVERING USE OF KORLYM(MIFEPRISTONE) 300 MG TABLETS; 14/05/2018 – Corcept Closes Above 50-Day Moving Average: Technicals; 08/05/2018 – CORCEPT THERAPEUTICS INC CORT.O SEES FY 2018 REVENUE $275 MLN TO $300 MLN; 15/05/2018 – Corcept Closes Above 200-Day Moving Average: Technicals; 14/05/2018 – Corcept Non-Deal Roadshow Scheduled By Seaport for May. 21; 09/05/2018 – Corcept Short-Interest Ratio Rises 28% to 21 Days; 21/05/2018 – Corcept at Non-Deal Roadshow Hosted By Seaport Today

Pecaut & Company decreased its stake in United Parcel Service Inc (UPS) by 16.16% based on its latest 2018Q1 regulatory filing with the SEC. Pecaut & Company sold 2,900 shares as the company’s stock rose 6.87% while stock markets declined. The institutional investor held 15,045 shares of the transportation company at the end of 2018Q1, valued at $1.58 million, down from 17,945 at the end of the previous reported quarter. Pecaut & Company who had been investing in United Parcel Service Inc for a number of months, seems to be less bullish one the $102.61 billion market cap company. The stock decreased 1.32% or $1.6 during the last trading session, reaching $119.27. About 2.34 million shares traded. United Parcel Service, Inc. (NYSE:UPS) has risen 9.01% since August 12, 2017 and is uptrending. It has underperformed by 3.56% the S&P500. Some Historical UPS News: 20/03/2018 – United Parcel Service Expands Marketplace Shipping Platform by Adding Houzz and Pricefalls Marketplace; 06/03/2018 – United Parcel Service Names Jim Barber Chief Operating Officer; 13/04/2018 – INDOS SA INS1.WA – IRENEUSZ GLENSCZYK UPS HIS STAKE IN CO TO 48.44 PCT FROM 31.27 PCT IN SHARE ACQUISITION TRANSACTION; 31/05/2018 – WORKHORSE GROUP INC – MAY 2018 UPS AGREEMENT REPLACED ORIGINAL EXHIBIT A TO VPA ENTERED IN DECEMBER 2017; 06/03/2018 – UPS Names Jim Barber Chief Operating Officer, Appoints Nando Cesarone President, International; 19/03/2018 – Smart mover UPS vans to go all-electric in London; 04/04/2018 – UPS SAYS MOST INTERNATIONAL SHIPMENTS NOT AFFECTED BY TARIFFS; 26/04/2018 – United Parcel Service 1Q Domestic Package Rev $10.23B; 26/04/2018 – United Parcel Service Sees 2018 Capex $6.5 Billion-$7 Billion; 23/04/2018 – UPS Promotes Charlene Thomas to West Region Pres

Pecaut & Company, which manages about $191.04 million and $131.62 million US Long portfolio, upped its stake in Brookfield Asset Mgmt Inc (NYSE:BAM) by 9,375 shares to 67,375 shares, valued at $2.63M in 2018Q1, according to the filing. It also increased its holding in Liberty Media Corp Delaware by 11,012 shares in the quarter, for a total of 158,784 shares, and has risen its stake in Anheuser Busch Inbev Sa/Nv (NYSE:BUD).

Analysts await United Parcel Service, Inc. (NYSE:UPS) to report earnings on October, 25. They expect $1.82 EPS, up 25.52% or $0.37 from last year’s $1.45 per share. UPS’s profit will be $1.57 billion for 16.38 P/E if the $1.82 EPS becomes a reality. After $1.94 actual EPS reported by United Parcel Service, Inc. for the previous quarter, Wall Street now forecasts -6.19% negative EPS growth.

Since February 26, 2018, it had 0 insider purchases, and 2 selling transactions for $650,730 activity. The insider Brothers Norman M. Jr sold 1,500 shares worth $170,130.

Investors sentiment decreased to 1.12 in Q1 2018. Its down 0.11, from 1.23 in 2017Q4. It worsened, as 81 investors sold UPS shares while 390 reduced holdings. 111 funds opened positions while 418 raised stakes. 446.74 million shares or 0.46% less from 448.80 million shares in 2017Q4 were reported. Dillon And Assocs holds 1.65% in United Parcel Service, Inc. (NYSE:UPS) or 40,674 shares. Guyasuta reported 184,418 shares or 2.26% of all its holdings. Moreover, Monroe Financial Bank & Mi has 0.15% invested in United Parcel Service, Inc. (NYSE:UPS). Chase Invest Counsel invested in 1,955 shares. Rocky Mountain Advisers Limited Liability Company accumulated 60 shares. Moreover, Deprince Race Zollo has 0.96% invested in United Parcel Service, Inc. (NYSE:UPS) for 390,568 shares. Fisher Asset Management Limited Com reported 0.01% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Gyroscope Mngmt Group Ltd Limited Liability Company, Florida-based fund reported 120,000 shares. Miracle Mile Advsr Limited Liability holds 0.02% or 2,182 shares. Moors And Cabot invested in 35,689 shares. Fmr Ltd Com, Massachusetts-based fund reported 11.68 million shares. Tocqueville Asset Mgmt Lp holds 0.16% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 120,847 shares. Sumitomo Mitsui Asset Management Communications Limited holds 0.08% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 48,683 shares. Pictet Asset Mngmt holds 0.1% or 384,990 shares in its portfolio. Exane Derivatives reported 438 shares.

More notable recent United Parcel Service, Inc. (NYSE:UPS) news were published by: Seekingalpha.com which released: “UPS Stalls Pre-Earnings Between Key Pivot Levels” on July 25, 2018, also Fool.com with their article: “Is Amazon’s Latest Move Going to Crush UPS and FedEx?” published on July 18, 2018, Seekingalpha.com published: “UPS lower after earnings” on July 25, 2018. More interesting news about United Parcel Service, Inc. (NYSE:UPS) were released by: Seekingalpha.com and their article: “Thoughts On UPS” published on July 26, 2018 as well as Globenewswire.com‘s news article titled: “UPS Announces Voluntary Retirement Plan Results” with publication date: July 24, 2018.

Among 24 analysts covering United Parcel Service (NYSE:UPS), 13 have Buy rating, 1 Sell and 10 Hold. Therefore 54% are positive. United Parcel Service had 78 analyst reports since July 29, 2015 according to SRatingsIntel. Susquehanna maintained United Parcel Service, Inc. (NYSE:UPS) rating on Wednesday, January 17. Susquehanna has “Hold” rating and $147.0 target. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Hold” rating given on Friday, February 23 by Deutsche Bank. The firm has “Hold” rating given on Sunday, February 11 by Robert W. Baird. Loop Capital upgraded United Parcel Service, Inc. (NYSE:UPS) on Monday, February 26 to “Buy” rating. The company was maintained on Friday, October 27 by UBS. Morgan Stanley maintained the shares of UPS in report on Friday, February 2 with “Underweight” rating. On Wednesday, July 5 the stock rating was maintained by BMO Capital Markets with “Hold”. The rating was initiated by Deutsche Bank with “Hold” on Wednesday, November 2. The company was maintained on Thursday, February 1 by Stephens. As per Wednesday, September 20, the company rating was maintained by Stifel Nicolaus.

Texas Permanent School Fund, which manages about $7.49B US Long portfolio, decreased its stake in Qualcomm Inc (NASDAQ:QCOM) by 19,938 shares to 382,495 shares, valued at $21.19M in 2018Q1, according to the filing. It also reduced its holding in Intel Corp (NASDAQ:INTC) by 68,379 shares in the quarter, leaving it with 1.21 million shares, and cut its stake in Apple Inc (NASDAQ:AAPL).

Among 7 analysts covering Corcept Therapeutics (NASDAQ:CORT), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Corcept Therapeutics had 14 analyst reports since February 2, 2017 according to SRatingsIntel. The stock has “Buy” rating by FBR Capital on Thursday, March 8. The stock has “Buy” rating by FBR Capital on Tuesday, June 19. Seaport Global initiated it with “Buy” rating and $3200 target in Friday, April 13 report. The firm earned “Buy” rating on Thursday, August 24 by Piper Jaffray. The company was maintained on Tuesday, March 20 by FBR Capital. Piper Jaffray maintained Corcept Therapeutics Incorporated (NASDAQ:CORT) on Friday, September 8 with “Buy” rating. The stock of Corcept Therapeutics Incorporated (NASDAQ:CORT) has “Buy” rating given on Wednesday, October 11 by Piper Jaffray. The stock of Corcept Therapeutics Incorporated (NASDAQ:CORT) has “Buy” rating given on Tuesday, June 12 by FBR Capital. The firm earned “Buy” rating on Thursday, February 2 by Ladenburg Thalmann. The rating was downgraded by Stifel Nicolaus on Thursday, May 31 to “Hold”.

More notable recent Corcept Therapeutics Incorporated (NASDAQ:CORT) news were published by: Nasdaq.com which released: “Corcept Therapeutics Announces Second Quarter 2018 Financial Results and Stock Repurchase Program; Provides …” on August 09, 2018, also Benzinga.com with their article: “60 Stocks Moving In Friday’s Mid-Day Session” published on August 10, 2018, Streetinsider.com published: “After-Hours Stock Movers 08/09: (TTD) (OSTK) (PBYI) Higher; (CORT) (XONE) (DBX) Lower (more…)” on August 09, 2018. More interesting news about Corcept Therapeutics Incorporated (NASDAQ:CORT) were released by: Benzinga.com and their article: “The Daily Biotech Pulse: Puma, CareDx Soar On Earnings, Corcept Plunges On Bottom-Line Miss” published on August 10, 2018 as well as Seekingalpha.com‘s news article titled: “Should You Buy Corcept Therapeutics Before Earnings?” with publication date: July 23, 2018.

Since March 6, 2018, it had 1 buying transaction, and 6 selling transactions for $988,257 activity. 10,000 shares were bought by GALA RENEE D, worth $155,102. $480,312 worth of Corcept Therapeutics Incorporated (NASDAQ:CORT) was sold by BAKER G LEONARD JR.

United Parcel Service, Inc. (NYSE:UPS) Institutional Positions Chart

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