Egalet (EGLT) Is At $0.64 Formed Wedge; White Elm Capital Trimmed Citigroup (C) Position

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White Elm Capital Llc decreased Citigroup Inc (C) stake by 43.89% reported in 2017Q4 SEC filing. White Elm Capital Llc sold 123,800 shares as Citigroup Inc (C)’s stock declined 9.55%. The White Elm Capital Llc holds 158,300 shares with $11.78M value, down from 282,100 last quarter. Citigroup Inc now has $176.86B valuation. The stock increased 0.35% or $0.24 during the last trading session, reaching $69.36. About 16.06 million shares traded. Citigroup Inc. (NYSE:C) has risen 17.06% since April 26, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

Egalet Corporation (EGLT) formed wedge down with $0.59 target or 9.00% below today’s $0.64 share price. Egalet Corporation (EGLT) has $34.04 million valuation. The stock increased 3.07% or $0.019 during the last trading session, reaching $0.644. About 136,443 shares traded. Egalet Corporation (NASDAQ:EGLT) has declined 87.31% since April 26, 2017 and is downtrending. It has underperformed by 98.86% the S&P500.

Investors sentiment decreased to 0.47 in 2017 Q4. Its down 0.11, from 0.58 in 2017Q3. It is negative, as 13 investors sold Egalet Corporation shares while 17 reduced holdings. 6 funds opened positions while 8 raised stakes. 13.62 million shares or 32.80% less from 20.27 million shares in 2017Q3 were reported. Northern Trust reported 0% stake. Deutsche Bancshares Ag, a Germany-based fund reported 956 shares. Wells Fargo & Mn has 0% invested in Egalet Corporation (NASDAQ:EGLT). Advisory Ntwk Llc reported 1,835 shares. Royal Comml Bank Of Canada has 0% invested in Egalet Corporation (NASDAQ:EGLT) for 7 shares. Janney Montgomery Scott Limited Liability reported 22,159 shares. Tiverton Asset Management Limited Liability Corporation holds 40,137 shares or 0% of its portfolio. D E Shaw & Inc has 0% invested in Egalet Corporation (NASDAQ:EGLT). Stifel Fincl invested 0% of its portfolio in Egalet Corporation (NASDAQ:EGLT). Fmr Limited Company holds 0% of its portfolio in Egalet Corporation (NASDAQ:EGLT) for 767,013 shares. Raymond James Fincl Svcs Advsrs Inc reported 0% in Egalet Corporation (NASDAQ:EGLT). Pnc Finance Service Group has invested 0% of its portfolio in Egalet Corporation (NASDAQ:EGLT). Nj State Employees Deferred Compensation Plan holds 0.04% or 230,000 shares in its portfolio. California Public Employees Retirement Systems stated it has 0% in Egalet Corporation (NASDAQ:EGLT). Atlantic Grp Lc holds 0% of its portfolio in Egalet Corporation (NASDAQ:EGLT) for 15,000 shares.

Analysts await Egalet Corporation (NASDAQ:EGLT) to report earnings on May, 9. They expect $-0.30 EPS, up 70.59% or $0.72 from last year’s $-1.02 per share. After $-0.27 actual EPS reported by Egalet Corporation for the previous quarter, Wall Street now forecasts 11.11% negative EPS growth.

Among 5 analysts covering Egalet Ltd (NASDAQ:EGLT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Egalet Ltd has $1500 highest and $3.5 lowest target. $5.50’s average target is 754.04% above currents $0.644 stock price. Egalet Ltd had 14 analyst reports since November 4, 2015 according to SRatingsIntel. The rating was downgraded by Gabelli on Thursday, November 9 to “Hold”. Cantor Fitzgerald maintained the stock with “Buy” rating in Wednesday, November 8 report. The stock of Egalet Corporation (NASDAQ:EGLT) has “Buy” rating given on Thursday, June 1 by Cantor Fitzgerald. The rating was maintained by Cantor Fitzgerald with “Buy” on Monday, March 12. The rating was maintained by Guggenheim with “Buy” on Monday, August 14. The rating was downgraded by Stifel Nicolaus to “Hold” on Wednesday, January 3. The rating was maintained by JMP Securities on Friday, July 14 with “Market Outperform”. The stock has “Buy” rating by Cantor Fitzgerald on Wednesday, June 7. The rating was maintained by Cantor Fitzgerald with “Buy” on Monday, August 14. Cantor Fitzgerald initiated Egalet Corporation (NASDAQ:EGLT) on Wednesday, November 4 with “Buy” rating.

Since February 27, 2018, it had 0 insider purchases, and 6 selling transactions for $4.97 million activity. $500,666 worth of stock was sold by Forese James A. on Tuesday, February 27. On Tuesday, February 27 the insider Hu W. Bradford sold $611,804. $263,126 worth of stock was sold by MURRAY JOSEPH MICHAEL on Tuesday, February 27. 7,000 shares were sold by Callahan Don, worth $536,410. 7,000 shares valued at $542,920 were sold by Gerspach John C on Tuesday, February 27. $2.51M worth of Citigroup Inc. (NYSE:C) was sold by Fraser Jane Nind on Tuesday, February 27.

Among 40 analysts covering Citigroup Inc. (NYSE:C), 23 have Buy rating, 2 Sell and 15 Hold. Therefore 58% are positive. Citigroup Inc. had 124 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, January 29 by Oppenheimer. On Tuesday, January 10 the stock rating was downgraded by Standpoint Research to “Hold”. Zacks upgraded Citigroup Inc. (NYSE:C) on Tuesday, August 25 to “Hold” rating. The firm has “Equal-Weight” rating given on Monday, October 26 by Morgan Stanley. As per Tuesday, September 5, the company rating was initiated by Vertical Group. DZ Bank upgraded Citigroup Inc. (NYSE:C) on Wednesday, February 7 to “Buy” rating. The firm has “Outperform” rating by Credit Suisse given on Monday, September 28. The company was downgraded on Monday, July 31 by BMO Capital Markets. On Friday, November 18 the stock rating was downgraded by Macquarie Research to “Neutral”. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Tuesday, January 5.

Egalet Corporation (NASDAQ:EGLT) Institutional Positions Chart