Shikiar Asset Management Inc Buys General Electric Co, Alibaba Group Holding, Coca-Cola Co, Sells United Technologies Corp, Cardinal Health Inc, Kite Pharma Inc

• New Purchases: SHLM, URGN, CLNSPRCCL, CELG, NVS,
• Added Positions: GE, BABA, KO, STWD, ALLY, C, AGNCB, MDGL, ALLYPRA, MPLX,
• Reduced Positions: CAH, KITE, APC, MCK, CLNS, NVDA, AGNPRA, INCY, NEWM, CSCO,
• Sold Out: UTX, SUB, KMI, MUB, BTI, PM, NVO, RBGLY, NYCB, RAD,

For the details of SHIKIAR ASSET MANAGEMENT INC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=SHIKIAR+ASSET+MANAGEMENT+INC

1. Apple Inc (AAPL) - 93,758 shares, 6.35% of the total portfolio. Shares added by 1.47%
2. Amazon.com Inc (AMZN) - 12,619 shares, 5.33% of the total portfolio. Shares added by 0.65%
3. Ally Financial Inc (ALLY) - 385,860 shares, 4.11% of the total portfolio. Shares added by 18.14%
4. PayPal Holdings Inc (PYPL) - 140,065 shares, 3.94% of the total portfolio. Shares reduced by 0.92%
5. Alphabet Inc (GOOG) - 8,890 shares, 3.74% of the total portfolio. Shares reduced by 0.04%

Shikiar Asset Management Inc initiated holdings in A. Schulman Inc. The purchase prices were between $25.15 and $34.85, with an estimated average price of $29.78. The stock is now traded at around $36.25. The impact to the portfolio due to this purchase was 0.38%. The holdings were 25,000 shares as of 2017-09-30.

Shikiar Asset Management Inc initiated holdings in UroGen Pharma Ltd. The purchase prices were between $17.15 and $32.72, with an estimated average price of $21.87. The stock is now traded at around $27.28. The impact to the portfolio due to this purchase was 0.29%. The holdings were 21,100 shares as of 2017-09-30.

Shikiar Asset Management Inc initiated holdings in Colony NorthStar Inc. The purchase prices were between $25.24 and $25.91, with an estimated average price of $25.55. The stock is now traded at around $25.33. The impact to the portfolio due to this purchase was 0.2%. The holdings were 17,560 shares as of 2017-09-30.

Shikiar Asset Management Inc initiated holdings in Celgene Corp. The purchase prices were between $127.43 and $144.94, with an estimated average price of $135.96. The stock is now traded at around $121.33. The impact to the portfolio due to this purchase was 0.1%. The holdings were 1,500 shares as of 2017-09-30.

Shikiar Asset Management Inc initiated holdings in Novartis AG. The purchase prices were between $81.97 and $86.23, with an estimated average price of $84.25. The stock is now traded at around $85.79. The impact to the portfolio due to this purchase was 0.09%. The holdings were 2,500 shares as of 2017-09-30.

Shikiar Asset Management Inc added to the holdings in General Electric Co by 124.33%. The purchase prices were between $23.72 and $27.45, with an estimated average price of $25.26. The stock is now traded at around $23.74. The impact to the portfolio due to this purchase was 1.66%. The holdings were 281,480 shares as of 2017-09-30.

Shikiar Asset Management Inc added to the holdings in Alibaba Group Holding Ltd by 146.42%. The purchase prices were between $140.99 and $180.07, with an estimated average price of $161.93. The stock is now traded at around $177.58. The impact to the portfolio due to this purchase was 1.57%. The holdings were 34,980 shares as of 2017-09-30.

Shikiar Asset Management Inc added to the holdings in Coca-Cola Co by 53.50%. The purchase prices were between $44.33 and $46.87, with an estimated average price of $45.48. The stock is now traded at around $46.33. The impact to the portfolio due to this purchase was 0.98%. The holdings were 141,456 shares as of 2017-09-30.

Shikiar Asset Management Inc added to the holdings in Starwood Property Trust Inc by 53.23%. The purchase prices were between $21.67 and $22.55, with an estimated average price of $22.05. The stock is now traded at around $21.94. The impact to the portfolio due to this purchase was 0.65%. The holdings were 194,550 shares as of 2017-09-30.

Shikiar Asset Management Inc added to the holdings in AGNC Investment Corp by 47.86%. The purchase prices were between $25.52 and $26.69, with an estimated average price of $26.11. The stock is now traded at around $26.46. The impact to the portfolio due to this purchase was 0.22%. The holdings were 60,550 shares as of 2017-09-30.

Shikiar Asset Management Inc added to the holdings in Madrigal Pharmaceuticals Inc by 52.84%. The purchase prices were between $15.16 and $46.19, with an estimated average price of $18.26. The stock is now traded at around $45.01. The impact to the portfolio due to this purchase was 0.16%. The holdings were 23,141 shares as of 2017-09-30.

Shikiar Asset Management Inc sold out the holdings in United Technologies Corp. The sale prices were between $109.55 and $123.71, with an estimated average price of $117.64.

Shikiar Asset Management Inc sold out the holdings in iShares Short-Term National Muni Bond. The sale prices were between $105.63 and $106.38, with an estimated average price of $106.11.

Shikiar Asset Management Inc sold out the holdings in Kinder Morgan Inc. The sale prices were between $18.4 and $20.69, with an estimated average price of $19.48.

Shikiar Asset Management Inc sold out the holdings in iShares National Muni Bond. The sale prices were between $109.85 and $111.66, with an estimated average price of $110.93.

Shikiar Asset Management Inc sold out the holdings in British American Tobacco PLC. The sale prices were between $60.8 and $71.55, with an estimated average price of $64.54.

Shikiar Asset Management Inc sold out the holdings in Philip Morris International Inc. The sale prices were between $111.61 and $121.62, with an estimated average price of $116.47.