Shire to Sell Oncology Unit for $2.4 Billion to Servier

Drugmaker Shire has agreed to sell its oncology business to Servier for $2.4bn

Dana Investment Advisors Inc sold 1,774 shares as the company's stock declined 35.76% with the market. The institutional investor held 353,741 shares of the semiconductors company at the end of 2017Q4, valued at $16.33M, down from 407,296 at the end of the previous reported quarter. Such a bid is expected to be in the $50 billion range, since Shire has a market value of about $47 billion. The stock decreased 0.08% or $0.14 during the last trading session, reaching $176.42. About 5.59 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since April 16, 2017 and is uptrending. It has underperformed by 39.22% the S&P500.

Argentiere Capital Ag increased its stake in Shire Plc (SHPG) by 15% based on its latest 2017Q4 regulatory filing with the SEC. The company has a market cap of $46,249.02, a P/E ratio of 10.11, a PEG ratio of 1.20 and a beta of 1.30. The biopharmaceutical company reported $3.98 EPS for the quarter, topping the consensus estimate of $3.86 by $0.12. The stock decreased 0.78% or $0.34 during the last trading session, reaching $43. About 533,838 shares traded.

Investors sentiment decreased to 1.02 in 2017 Q4. Its up 0.03, from 1.26 in 2017Q3. 145 funds opened positions while 589 raised stakes.

Among 17 analysts covering Acadia Healthcare (NASDAQ:ACHC), 11 have Buy rating, 0 Sell and 6 Hold.

Acadia Healthcare Company Inc (NASDAQ:ACHC) had an increase of 0.15% in short interest. Northwestern Mutual Wealth has invested 0% in Coherent, Inc. (NASDAQ:AMZN). Buckingham Asset Mngmt holds 1.48% or 6,070 shares in its portfolio. Hyman Charles D holds 0.03% of its portfolio in Cisco Systems, Inc. (NASDAQ:COHR). 1,250 were accumulated by Greatmark Prtnrs. Riverbridge Prtn Ltd Liability Corp reported 0.44% of its portfolio in Cisco Systems, Inc. Cap Fincl Advisers, California-based fund reported 2.02M shares. The insider GALANTI RICHARD A sold 5,000 shares worth $802,892. ValuEngine lowered Shire from a "buy" rating to a "hold" rating in a research note on Sunday, December 31st. Therefore 100% are positive. Intel Corporation had 240 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was initiated by Evercore with "Buy" on Wednesday, August 16. The firm has "Buy" rating given on Monday, February 8 by Stifel Nicolaus. Stifel Nicolaus maintained Coherent, Inc. Nomura maintained the shares of INTC in report on Monday, February 26 with "Buy" rating. The stock has "Buy" rating by HSBC on Tuesday, November 3. The stock of Cisco Systems, Inc. The stock of Shire plc (NASDAQ:SHPG) has "Buy" rating given on Friday, June 30 by Cantor Fitzgerald. As per Thursday, July 21, the company rating was maintained by Jefferies. The firm has "Buy" rating given on Monday, February 27 by Mizuho. Needham maintained Coherent, Inc. On Thursday, August 18 the stock rating was maintained by JMP Securities with "Market Perform". Needham has "Buy" rating and $130 target.

Among 38 analysts covering Cisco Systems Inc.

Shire expects its transaction with Servier to close in the second or third quarter. Finally, Brandywine Global Investment Management LLC bought a new stake in Shire in the fourth quarter worth $41,763,000. Therefore 81% are positive. Shire plc (ADR) had 76 analyst reports since July 22, 2015 according to SRatingsIntel. On Tuesday, January 12 the stock rating was upgraded by Mizuho to "Buy". The firm earned "Outperform" rating on Tuesday, January 12 by Credit Suisse. Investors of record on Friday, March 9th will be issued a $0.8937 dividend. The firm earned "Overweight" rating on Friday, May 20 by JP Morgan. Northland Capital initiated the stock with "Outperform" rating in Wednesday, October 14 report.

Nichols & Pratt Advisers Llp, which manages about $1.58B and $1.15 billion US Long portfolio, decreased its stake in General Electric Co (NYSE:GE) by 124,735 shares to 2.04M shares, valued at $35.57 million in 2017Q4, according to the filing.

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