The stock of Cowen Group Inc (NASDAQ:COWN) is a huge mover today! About 164,833 shares traded hands. Cowen Group Inc (NASDAQ:COWN) has declined 15.97% since April 5, 2016 and is downtrending. It has underperformed by 17.92% the S&P500.
The move comes after 8 months positive chart setup for the $397.30M company. It was reported on Nov, 8 by Barchart.com. We have $8.20 PT which if reached, will make NASDAQ:COWN worth $671.44M more.
According to Zacks Investment Research, “COWEN GROUP, INC., through its operating subsidiaries, provides investment banking, equity research, sales and trading, asset management and alternative asset management services to companies and institutional investor clients in the healthcare, technology, telecommunications, aerospace and defense, consumer and alternative energy sectors. Cowen’s asset management business includes teams based in the U.S. and the U.K. Cowen’s U.S. team focuses on a growth-oriented investment style centered on small and mid-sized companies based primarily in North America. Cowen’s U.K. team provides traditional asset management products, focusing on a global equity strategy. Cowen’s alternative asset management business consists of Cowen Healthcare Royalty Partners, which invests principally in commercial-stage biopharmaceutical products and companies, and Cowen Capital Partners, which manages a portfolio of middle market private equity investments for third party investors.”
Insitutional Activity: The institutional sentiment decreased to 0.52 in 2016 Q2. Its down 0.40, from 0.92 in 2016Q1. The ratio dropped, as 12 funds sold all Cowen Group Inc shares owned while 48 reduced positions. 6 funds bought stakes while 25 increased positions. They now own 96.64 million shares or 4.46% less from 101.16 million shares in 2016Q1.
Guggenheim Capital Ltd Limited Liability Company reported 22,089 shares or 0% of all its holdings. Ladenburg Thalmann Ser last reported 830 shares in the company. The United Kingdom-based Ruffer Llp has invested 0.04% in Cowen Group Inc (NASDAQ:COWN). Fisher Asset Mngmt Limited Liability Co owns 873,660 shares or 0.01% of their US portfolio. Moreover, California State Teachers Retirement has 0% invested in Cowen Group Inc (NASDAQ:COWN) for 214,260 shares. North Star Inv Mgmt has 0.26% invested in the company for 481,642 shares. Geode Cap Management Limited accumulated 0% or 736,838 shares. Nomura accumulated 0.02% or 2.34 million shares. Cacti Asset Management Lc has 41,000 shares for 0.01% of their US portfolio. Carl Domino reported 46,000 shares or 0.13% of all its holdings. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Parametric Portfolio Associates Llc holds 0% or 163,952 shares in its portfolio. Allianz Asset Management Ag, a Germany-based fund reported 36,173 shares. Blackrock Fund Advsr accumulated 0% or 3.01M shares. Northern Tru, a Illinois-based fund reported 1.07 million shares.
More important recent Cowen Group Inc (NASDAQ:COWN) news were published by: Businesswire.com which released: “Cowen Group, Inc. Announces 2016 Third Quarter Earnings Conference Call” on October 20, 2016, also Businesswire.com published article titled: “Cowen Group, Inc. Announces Third Quarter 2016 Financial Results”, Businesswire.com published: “Cowen Group, Inc. Declares Quarterly Dividend on Its Series A Cumulative …” on October 28, 2016. More interesting news about Cowen Group Inc (NASDAQ:COWN) was released by: Businesswire.com and their article: “Cowen Group, Inc. Announces Second Quarter 2016 Financial Results” with publication date: July 28, 2016.
COWN Company Profile
Cowen Group, Inc., incorporated on June 1, 2009, is a financial services company. The Firm provides alternative investment management, investment banking, research, sales and trading, and prime brokerage services. The Firm operates through two divisions: alternative investment and broker-dealer. The alternative investment segment includes hedge funds, private equity structures, registered investment companies and listed investment vehicles. The broker-dealer segment offers industry focused investment banking for growth-oriented companies, including advisory and global capital markets origination and domain knowledge-driven research and a sales and trading platform for institutional investors under the Cowen name.
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