Scheer Rowlett & Associates Investment Management LTD Has Lowered Manulife Financial Corp. (MFC) Stake By $4.40 Million; GEMALTO NV (GTOFF) Shorts Up By 11.97%

September 13, 2017 - By Nellie Frank

Scheer Rowlett & Associates Investment Management Ltd decreased Manulife Financial Corp. (MFC) stake by 5.32% reported in 2016Q4 SEC filing. Scheer Rowlett & Associates Investment Management Ltd sold 258,824 shares as Manulife Financial Corp. (MFC)’s stock declined 8.13%. The Scheer Rowlett & Associates Investment Management Ltd holds 4.61 million shares with $82.15 million value, down from 4.87 million last quarter. Manulife Financial Corp. now has $39.35 billion valuation. The stock declined 0.25% or $0.05 reaching $19.91 per share. About 1.03M shares traded. Manulife Financial Corporation (USA) (NYSE:MFC) has risen 24.00% since September 13, 2016 and is uptrending. It has outperformed by 7.30% the S&P500.

GEMALTO NV (OTCMKTS:GTOFF) had an increase of 11.97% in short interest. GTOFF’s SI was 1.91 million shares in September as released by FINRA. Its up 11.97% from 1.70 million shares previously. With 5,100 avg volume, 374 days are for GEMALTO NV (OTCMKTS:GTOFF)’s short sellers to cover GTOFF’s short positions. It is 0.00% or $0 reaching $49.5 per share. It is down 0.00% since September 13, 2016 and is . It has underperformed by 16.70% the S&P500.

Scheer Rowlett & Associates Investment Management Ltd increased Dominion Diamond Corp. (NYSE:DDC) stake by 367,465 shares to 1.53M valued at $14.84 million in 2016Q4. It also upped Agrium Inc. (NYSE:AGU) stake by 44,235 shares and now owns 707,543 shares. Canadian Pacific Railway Ltd. (NYSE:CP) was raised too.

Among 5 analysts covering Manulife Financial Corp. (NYSE:MFC), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Manulife Financial Corp. had 8 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Manulife Financial Corporation (USA) (NYSE:MFC) has “Sector Perform” rating given on Thursday, August 4 by IBC. The stock has “Buy” rating by Dundee Securities on Wednesday, September 21. Bank of America initiated the shares of MFC in report on Wednesday, August 24 with “Buy” rating. The stock of Manulife Financial Corporation (USA) (NYSE:MFC) earned “Outperform” rating by RBC Capital Markets on Friday, August 7. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, November 13. The firm has “Buy” rating by TD Securities given on Friday, August 7.

Gemalto NV is the Netherlands-based firm providing digital security services. The company has market cap of $4.48 billion. It is divided in four user-oriented divisions: Mobile Communication, Machine to Machine , Security and Secure Transactions. It currently has negative earnings. Mobile Communication segment provides long-term evolution (LTE) services, trusted service manager (TSM), and mobile payment platform using near field communication (NFC) technology, among others.

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