Jet Capital Investors LP Boosted Its Aetna INC New (AET) Stake by $84.18 Million

October 2, 2018 - By olga

Aetna Inc. (NYSE:AET) LogoInvestors sentiment increased to 0.94 in Q2 2018. Its up 0.26, from 0.68 in 2018Q1. It improved, as 40 investors sold AET shares while 307 reduced holdings. 85 funds opened positions while 240 raised stakes. 264.38 million shares or 1.91% less from 269.52 million shares in 2018Q1 were reported. Advisory Services Limited Liability Corporation owns 2,329 shares for 0.03% of their portfolio. Alpine Management Limited Com holds 38,280 shares. Prudential Financial Inc holds 0.12% or 435,157 shares. Mycio Wealth Ptnrs Lc has invested 0.02% in Aetna Inc. (NYSE:AET). Buckingham Asset Management Ltd Liability Company reported 0.05% of its portfolio in Aetna Inc. (NYSE:AET). Greenwich Wealth Mngmt Limited Liability Corporation has invested 0.88% in Aetna Inc. (NYSE:AET). Charter reported 1,164 shares stake. Dekabank Deutsche Girozentrale invested in 81,065 shares. At Savings Bank reported 13,428 shares or 0.27% of all its holdings. Spirit Of America Mgmt reported 3,800 shares. First Republic Mgmt Inc stated it has 21,711 shares. Washington Trust State Bank has invested 0.09% in Aetna Inc. (NYSE:AET). Leisure Management reported 1,225 shares stake. Gam Ag accumulated 62,388 shares or 0.4% of the stock. Seizert Capital Ptnrs Ltd Liability invested in 158,665 shares or 0.98% of the stock.

Jet Capital Investors LP increased its stake in Aetna Inc New (AET) by 328.57% based on its latest 2018Q2 regulatory filing with the SEC. Jet Capital Investors LP bought 460,000 shares as the company’s stock rose 8.54% with the market. The hedge fund held 600,000 shares of the medical specialities company at the end of 2018Q2, valued at $110.10M, up from 140,000 at the end of the previous reported quarter. Jet Capital Investors LP who had been investing in Aetna Inc New for a number of months, seems to be bullish on the $66.61 billion market cap company. The stock increased 0.02% or $0.04 during the last trading session, reaching $203.64. About 73,874 shares traded. Aetna Inc. (NYSE:AET) has risen 24.93% since October 2, 2017 and is uptrending. It has outperformed by 9.31% the S&P500.

Jet Capital Investors L P, which manages about $1.55B and $1.34B US Long portfolio, decreased its stake in Altaba Inc by 2.90 million shares to 1.75 million shares, valued at $128.12 million in 2018Q2, according to the filing. It also reduced its holding in At&T Inc (Call) (NYSE:T) by 818,400 shares in the quarter, leaving it with 100,000 shares, and cut its stake in Cvs Health Corp (Call) (NYSE:CVS).

More notable recent Aetna Inc. (NYSE:AET) news were published by: Streetinsider.com which released: “WellCare Health Plans (WCG) to Acquire Aetna’s (AET) Medicare Part D Prescription Drug Plan Business” on September 27, 2018, also Seekingalpha.com with their article: “CVS/Aetna: Holding Breath Before The Blessing” published on September 28, 2018, Seekingalpha.com published: “New York regulator has concerns on CVS deal” on September 25, 2018. More interesting news about Aetna Inc. (NYSE:AET) were released by: Finance.Yahoo.com and their article: “Aetna Stock Should Have More Upside, But There’s One Key Risk” published on September 12, 2018 as well as Businesswire.com‘s news article titled: “Aetna Announces New Chief Executive Officer to Lead PayFlex” with publication date: October 01, 2018.

Aetna Inc. (NYSE:AET) Ratings Coverage

Among 3 analysts covering Aetna Inc (NYSE:AET), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Aetna Inc had 5 analyst reports since April 12, 2018 according to SRatingsIntel. The rating was downgraded by Cantor Fitzgerald to “Neutral” on Thursday, August 23. On Monday, June 11 the stock rating was maintained by Cantor Fitzgerald with “Buy”. Cantor Fitzgerald upgraded the stock to “Buy” rating in Tuesday, May 1 report. The company was maintained on Thursday, April 12 by Jefferies. Credit Suisse maintained it with “Neutral” rating and $194 target in Monday, May 14 report.

Aetna Inc. (NYSE:AET) Ratings Chart

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