Sandy Spring Bancorp, Inc. (SASR) Forms $39.36 Double Bottom; Pdt Partners Has Lifted Its Ardelyx (ARDX) Position

Pdt Partners Llc increased Ardelyx Inc (ARDX) stake by 744.96% reported in 2017Q3 SEC filing. Pdt Partners Llc acquired 84,925 shares as Ardelyx Inc (ARDX)’s stock declined 53.45%. The Pdt Partners Llc holds 96,325 shares with $539,000 value, up from 11,400 last quarter. Ardelyx Inc now has $270.95M valuation. The stock decreased 1.72% or $0.1 during the last trading session, reaching $5.7. About 86,923 shares traded. Ardelyx, Inc. (NASDAQ:ARDX) has declined 19.22% since February 27, 2017 and is downtrending. It has underperformed by 35.92% the S&P500.

Sandy Spring Bancorp, Inc. (SASR) formed double bottom with $37.39 target or 5.00% below today’s $39.36 share price. Sandy Spring Bancorp, Inc. (SASR) has $1.40B valuation. The stock decreased 0.05% or $0.02 during the last trading session, reaching $39.36. About 44,766 shares traded. Sandy Spring Bancorp, Inc. (NASDAQ:SASR) has risen 42.32% since February 27, 2017 and is uptrending. It has outperformed by 25.62% the S&P500.

Among 7 analysts covering Ardelyx Inc (NASDAQ:ARDX), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ardelyx Inc had 15 analyst reports since August 18, 2015 according to SRatingsIntel. On Thursday, March 31 the stock rating was initiated by Ladenburg Thalmann with “Buy”. Cantor Fitzgerald maintained the stock with “Buy” rating in Wednesday, May 31 report. Cantor Fitzgerald maintained the shares of ARDX in report on Wednesday, August 9 with “Buy” rating. The stock has “Buy” rating by BTIG Research on Friday, October 13. Citigroup maintained Ardelyx, Inc. (NASDAQ:ARDX) rating on Wednesday, August 10. Citigroup has “Buy” rating and $13 target. Wedbush maintained the shares of ARDX in report on Thursday, October 12 with “Buy” rating. Cantor Fitzgerald maintained Ardelyx, Inc. (NASDAQ:ARDX) rating on Thursday, October 12. Cantor Fitzgerald has “Overweight” rating and $14 target. JMP Securities maintained Ardelyx, Inc. (NASDAQ:ARDX) rating on Wednesday, March 9. JMP Securities has “Market Outperform” rating and $21 target. The stock has “Buy” rating by BTIG Research on Tuesday, September 22. Wedbush maintained it with “Buy” rating and $24 target in Thursday, September 3 report.

Pdt Partners Llc decreased Square Inc stake by 219,280 shares to 1.00M valued at $28.93 million in 2017Q3. It also reduced Celgene Corp (NASDAQ:CELG) stake by 7,835 shares and now owns 66,921 shares. Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) was reduced too.

Investors sentiment decreased to 1.44 in 2017 Q3. Its down 0.39, from 1.83 in 2017Q2. It dropped, as 14 investors sold Sandy Spring Bancorp, Inc. shares while 31 reduced holdings. 23 funds opened positions while 42 raised stakes. 16.21 million shares or 3.18% more from 15.71 million shares in 2017Q2 were reported. State Board Of Administration Of Florida Retirement Sys has 29,930 shares. Pnc Incorporated reported 38,031 shares. Magnetar Lc accumulated 4,904 shares or 0% of the stock. Schwab Charles Management has invested 0.01% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Schroder Investment Management Grp Inc reported 8,603 shares. Kbc Gp Nv reported 3,344 shares. Geode Cap Management reported 280,955 shares or 0% of all its holdings. Vanguard Grp Incorporated reported 1.13M shares. Fmr Ltd Liability Corporation holds 7,733 shares or 0% of its portfolio. Renaissance Technologies Ltd Liability Company reported 0.02% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Tower Research Ltd Com (Trc) holds 0.01% or 2,392 shares. Alliancebernstein Lp holds 0% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) for 34,591 shares. Arrowstreet Limited Partnership holds 0% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) for 5,100 shares. Aperio Lc holds 0% or 6,000 shares in its portfolio. Dalton Greiner Hartman Maher stated it has 1.42% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR).

Among 7 analysts covering Sandy Spring Bancorp (NASDAQ:SASR), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Sandy Spring Bancorp has $46.0 highest and $27 lowest target. $37.60’s average target is -4.47% below currents $39.36 stock price. Sandy Spring Bancorp had 12 analyst reports since July 20, 2015 according to SRatingsIntel. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, January 19. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 3 with “Hold”. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. Zacks upgraded Sandy Spring Bancorp, Inc. (NASDAQ:SASR) on Tuesday, August 25 to “Sell” rating. As per Friday, January 12, the company rating was maintained by Sandler O’Neill. The stock has “Hold” rating by Robert W. Baird on Wednesday, January 10. The firm earned “Overweight” rating on Thursday, February 22 by Stephens. Robert W. Baird maintained the stock with “Hold” rating in Thursday, October 19 report.

Analysts await Sandy Spring Bancorp, Inc. (NASDAQ:SASR) to report earnings on April, 19. They expect $0.75 EPS, up 19.05% or $0.12 from last year’s $0.63 per share. SASR’s profit will be $26.58M for 13.12 P/E if the $0.75 EPS becomes a reality. After $0.64 actual EPS reported by Sandy Spring Bancorp, Inc. for the previous quarter, Wall Street now forecasts 17.19% EPS growth.

Since January 22, 2018, it had 2 insider buys, and 6 selling transactions for $1.63 million activity. BRACEWELL JOSEPH S sold $390,853 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) on Friday, February 16. $36,760 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) was bought by Friis Mark E on Tuesday, February 6. Shares for $338,739 were sold by Andersen Shaza L. $22,693 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) shares were bought by Stephenson Mona Abutaleb. Shares for $59,408 were sold by REEDER JOE. The insider McDowell Ronda M sold $71,034.