Stock Worth Watching: Time to Buy Cowen Group Inc After Today’s Huge Increase?

Stock Worth Watching: Time to Buy Cowen Group Inc After Today's Huge Increase?

The stock of Cowen Group Inc (NASDAQ:COWN) is a huge mover today! About 120,093 shares traded hands. Cowen Group Inc (NASDAQ:COWN) has declined 4.45% since April 22, 2016 and is downtrending. It has underperformed by 9.86% the S&P500.
The move comes after 8 months positive chart setup for the $494.12M company. It was reported on Nov, 25 by Barchart.com. We have $3.94 PT which if reached, will make NASDAQ:COWN worth $24.71 million more.

Analysts await Cowen Group Inc (NASDAQ:COWN) to report earnings on February, 23.

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 increased to 1.02 in Q2 2016. Its up 0.50, from 0.52 in 2016Q1. The ratio increased, 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.
Moreover, Guggenheim Cap Lc has 0% invested in Cowen Group Inc (NASDAQ:COWN) for 22,089 shares. Citadel Advsr Ltd Liability Company accumulated 0% or 15,789 shares. Sphinx Trading L P accumulated 0.01% or 1,497 shares. Princeton Alpha Mngmt L P owns 11,179 shares or 0.01% of their US portfolio. Moreover, Carl Domino Inc has 0.13% invested in Cowen Group Inc (NASDAQ:COWN) for 46,000 shares. Manufacturers Life Ins The accumulated 74,538 shares or 0% of the stock. Voya Invest Mngmt Ltd Liability Corporation reported 73,589 shares or 0% of all its holdings. Moreover, California State Teachers Retirement System has 0% invested in Cowen Group Inc (NASDAQ:COWN) for 214,260 shares. Blackrock Fund reported 3.01M shares or 0% of all its holdings. Ubs Asset Management Americas holds 0% of its portfolio in Cowen Group Inc (NASDAQ:COWN) for 36,190 shares. Northern last reported 1.07M shares in the company. Creative Planning last reported 0% of its portfolio in the stock. Moreover, Weaver C Barksdale & Assocs has 0% invested in Cowen Group Inc (NASDAQ:COWN) for 494 shares. Alliancebernstein Limited Partnership, a New York-based fund reported 88,440 shares. Kcg Hldgs accumulated 10,665 shares or 0% of the stock.

More news for Cowen Group Inc (NASDAQ:COWN) were recently published by: Businesswire.com, which released: “Cowen Group, Inc. Announces Third Quarter 2016 Financial Results” on October 27, 2016. Businesswire.com‘s article titled: “Cowen Group, Inc. Declares Quarterly Dividend on Its Series A Cumulative …” and published on October 28, 2016 is yet another important article.

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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