Price Action Report: What’s in Cowen Group Inc After Today’s Big Increase?

Price Action Report: What's in Cowen Group Inc After Today's Big Increase?

The stock of Cowen Group Inc (NASDAQ:COWN) is a huge mover today! The stock increased 4.91% or $0.17 during the last trading session, hitting $3.63. About 1.40M shares traded hands or 150.79% up from the average. Cowen Group Inc (NASDAQ:COWN) has declined 0.29% since February 26, 2016 and is downtrending. It has underperformed by 10.71% the S&P500.
The move comes after 8 months positive chart setup for the $370.95 million company. It was reported on Oct, 1 by We have $7.01 PT which if reached, will make NASDAQ:COWN worth $344.98M more.

Analysts await Cowen Group Inc (NASDAQ:COWN) to report earnings on November, 3.

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 dived, 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.
Shell Asset Mngmt reported 322,542 shares or 0.02% of all its holdings. Cumberland, a Ontario – Canada-based fund reported 1.16M shares. National Bank & Trust Of America De, a North Carolina-based fund reported 52,772 shares. Wells Fargo Mn holds 0% or 2.00 million shares in its portfolio. Blair William & Il holds 0% of its portfolio in Cowen Group Inc (NASDAQ:COWN) for 60,289 shares. Deutsche Comml Bank Ag reported 1.45 million shares or 0% of all its holdings. North Star Investment Mgmt accumulated 0.26% or 481,642 shares. Suntrust Banks reported 17,939 shares or 0% of all its holdings. Prudential Fin Inc owns 226,983 shares or 0% of their US portfolio. Proshare Advisors Ltd Liability Com owns 12,497 shares or 0% of their US portfolio. The Colorado-based Denver Limited has invested 0% in Cowen Group Inc (NASDAQ:COWN). Reilly Fincl Advisors Ltd Limited Liability Company accumulated 0% or 1,054 shares. Barclays Public Ltd Co last reported 81,489 shares in the company. Tower Research Cap Limited Company (Trc) holds 0% of its portfolio in Cowen Group Inc (NASDAQ:COWN) for 409 shares. Tiaa Cref Investment Mgmt has invested 0% of its portfolio in Cowen Group Inc (NASDAQ:COWN).

Another recent and important Cowen Group Inc (NASDAQ:COWN) news was published by which published an article titled: “Cowen Group, Inc. Announces 2016 Second Quarter Earnings Conference Call” on July 21, 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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