Published: Thu, June 01, 2017
Money | By Armando Alvarado

The First Trust Advisors LP Purchases New Stake in Alere Inc (ALR)


The stock has "Market Perform" rating by Cowen & Co on Tuesday, November 24. The Company's divisions include Telecom Platform Services, Consumer Phone Services and All Other. Through regulated segment, the Company distributes natural gas to its retail clients in approximately 23 rural counties. Empyrean Capital Partners LP purchased a new stake in Alere during the third quarter valued at $10,810,000. AlphaOne also gave press coverage about the medical research company an impact score of 75 out of 100, indicating that recent media coverage is likely to have an impact on the company's share price in the next several days. The Pentwater Capital Management Lp holds 1.32 million shares with $51.44M value, down from 1.86 million last quarter. Alere Inc now has $4.24 billion valuation. The stock rose 0.76% or $0.37 reaching $48.88 per share. About 721,625 shares traded. Alere Inc (NYSE:ALR) has risen 17.58% since June 1, 2016 and is uptrending. It has outperformed by 0.88% the S&P500. The stock of Alere Inc (NYSE:ALR) has "Hold" rating given on Thursday, May 25 by BTIG Research. Therefore 43% are positive. Visa Inc. had 44 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has "Outperform" rating by Leerink Swann on Thursday, April 28. The company was maintained on Tuesday, May 23 by Canaccord Genuity. The rating was upgraded by Canaccord Genuity on Friday, July 15 to "Buy". Bluecrest Mngmt Limited has invested 0.06% in Alere Inc (NYSE:ALR). Canaccord Genuity reaffirmed a "buy" rating and issued a $51.00 price target (down from $52.00) on shares of Alere in a research note on Monday, April 17th. Finally, Craig Hallum cut shares of Alere from a "buy" rating to a "hold" rating in a research report on Monday, May 15th. Jefferies has "Hold" rating and $56 target. As per Tuesday, December 8, the company rating was maintained by Keefe Bruyette & Woods. The stock of Alere Inc (NYSE:ALR) earned "Neutral" rating by BTIG Research on Tuesday, March 15. The firm has "Underperform" rating by Cowen & Co given on Thursday, April 14. Biogen Inc (NASDAQ:BIIB) was raised too.

Among 7 analysts covering Alere (NYSE:ALR), 3 have Buy rating, 0 Sell and 4 Hold. ALR's profit will be $29.49M for 35.78 P/E if the $0.34 EPS becomes a reality.

Investors sentiment increased to 0.98 in 2016 Q4. Its up 0.10, from 0.88 in 2016Q3.

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Want to see what other hedge funds are holding ALR? 32 funds opened positions while 67 raised stakes. First Advsrs Lp invested in 0% or 19,276 shares. Vanguard Gru holds 1.80 million shares or 0% of its portfolio. The Arcadia Investment Management Corp holds 30,422 shares with $2.37M value, up from 6,880 last quarter. Keeley Asset Corp holds 0.67% or 403,105 shares. Lombard Odier Asset Mgmt (Europe) Ltd invested 0.69% in Visa Inc (NYSE:V). 183,999 were accumulated by California State Teachers Retirement Sys. Prudential PLC boosted its stake in Alere by 286.5% in the fourth quarter. Renaissance Tech Lc holds 2.59 million shares or 0.32% of its portfolio. Jennison Associate Ltd Llc holds 0.05% of its portfolio in Alere Inc (NYSE:ALR) for 1.09 million shares. Benjamin F Edwards And Company stated it has 0.21% in Visa Inc (NYSE:V). Blackrock Advsr Limited Company has invested 0% in IDT Corporation (NYSE:IDT). Moreover, Ny State Common Retirement Fund has 0.02% invested in Alere Inc (NYSE:ALR). Swiss Financial Bank owns 140,949 shares for 0.01% of their portfolio. Schwab Charles Mngmt Inc owns 382,883 shares or 0.02% of their U.S. portfolio. The New York-based Gabelli Funds Llc has invested 0.05% in the stock. After $0.18 actual earnings per share reported by Potash Corporation of Saskatchewan (USA) for the previous quarter, Wall Street now forecasts 5.56% EPS growth.

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