American Assets Investment Management Increases Holding in Merck & Co (MRK); As Hancock Hldg Co (HBHC) Stock Declined, Maltese Capital Management Lifted Stake by $2.32 Million

April 20, 2018 - By Darrin Black

Merck & Co., Inc. (NYSE:MRK) Logo

American Assets Investment Management Llc increased its stake in Merck & Co Inc (MRK) by 9.2% based on its latest 2017Q4 regulatory filing with the SEC. American Assets Investment Management Llc bought 5,900 shares as the company’s stock declined 4.63% with the market. The institutional investor held 70,000 shares of the health care company at the end of 2017Q4, valued at $3.94M, up from 64,100 at the end of the previous reported quarter. American Assets Investment Management Llc who had been investing in Merck & Co Inc for a number of months, seems to be bullish on the $157.90B market cap company. The stock decreased 0.48% or $0.28 during the last trading session, reaching $58.64. About 10.54 million shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 14.94% since April 20, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.

Maltese Capital Management Llc increased its stake in Hancock Hldg Co (HBHC) by 69.95% based on its latest 2017Q4 regulatory filing with the SEC. Maltese Capital Management Llc bought 47,359 shares as the company’s stock declined 0.30% with the market. The institutional investor held 115,059 shares of the major banks company at the end of 2017Q4, valued at $5.70 million, up from 67,700 at the end of the previous reported quarter. Maltese Capital Management Llc who had been investing in Hancock Hldg Co for a number of months, seems to be bullish on the $4.21B market cap company. The stock decreased 0.10% or $0.05 during the last trading session, reaching $48.45. About 1.76 million shares traded or 194.36% up from the average. Hancock Holding Company (NASDAQ:HBHC) has risen 16.06% since April 20, 2017 and is uptrending. It has outperformed by 4.51% the S&P500.

Among 15 analysts covering Hancock Holding Company (NASDAQ:HBHC), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Hancock Holding Company had 49 analyst reports since July 24, 2015 according to SRatingsIntel. SunTrust maintained it with “Hold” rating and $52.0 target in Thursday, October 19 report. The stock of Hancock Holding Company (NASDAQ:HBHC) earned “Neutral” rating by Piper Jaffray on Tuesday, December 8. The firm earned “Hold” rating on Monday, January 8 by SunTrust. Keefe Bruyette & Woods maintained Hancock Holding Company (NASDAQ:HBHC) on Monday, February 26 with “Buy” rating. The rating was downgraded by Stephens on Wednesday, December 9 to “Equal-Weight”. The firm has “Market Perform” rating by Wood given on Friday, April 8. Jefferies maintained Hancock Holding Company (NASDAQ:HBHC) on Thursday, October 19 with “Hold” rating. Stephens maintained it with “Hold” rating and $58.0 target in Thursday, January 18 report. The rating was maintained by Piper Jaffray on Wednesday, August 23 with “Buy”. The firm earned “Buy” rating on Monday, August 21 by Keefe Bruyette & Woods.

Maltese Capital Management Llc, which manages about $1.71 billion and $1.33 billion US Long portfolio, decreased its stake in Pnc Finl Svcs Group Inc by 7,600 shares to 12,700 shares, valued at $987,000 in 2017Q4, according to the filing. It also reduced its holding in Western New Eng Bancorp Inc by 170,000 shares in the quarter, leaving it with 140,000 shares, and cut its stake in Century Bancorp Inc Mass (NASDAQ:CNBKA).

Since January 24, 2018, it had 0 buys, and 7 insider sales for $3.28 million activity. 25,000 shares valued at $1.35 million were sold by ROSEBERRY ROBERT W on Tuesday, February 20. Achary Michael M sold $669,569 worth of stock or 12,519 shares. Little Sonya C had sold 600 shares worth $32,910 on Monday, January 29. Another trade for 1,000 shares valued at $53,400 was sold by Exnicios Joseph S. 14,630 Hancock Holding Company (NASDAQ:HBHC) shares with value of $811,058 were sold by Phillips Joy L. The insider Barker Stephen E. sold $198,960.

Investors sentiment increased to 1.34 in 2017 Q4. Its up 0.24, from 1.1 in 2017Q3. It improved, as 15 investors sold HBHC shares while 70 reduced holdings. 40 funds opened positions while 74 raised stakes. 63.57 million shares or 0.95% less from 64.18 million shares in 2017Q3 were reported. Point72 Asia (Hong Kong), Hong Kong-based fund reported 1,147 shares. State Board Of Administration Of Florida Retirement Sys holds 0.01% of its portfolio in Hancock Holding Company (NASDAQ:HBHC) for 52,770 shares. Stevens LP stated it has 12,497 shares or 0.02% of all its holdings. Amalgamated Financial Bank stated it has 0.02% of its portfolio in Hancock Holding Company (NASDAQ:HBHC). Oberweis Asset Inc accumulated 12,090 shares or 0.14% of the stock. Cs Mckee LP holds 20,880 shares. Indexiq Advsr Limited holds 0.06% in Hancock Holding Company (NASDAQ:HBHC) or 30,929 shares. Parametric Lc holds 0.01% of its portfolio in Hancock Holding Company (NASDAQ:HBHC) for 140,430 shares. Wedge Cap Management L Lp Nc holds 349,722 shares. California State Teachers Retirement reported 132,943 shares stake. Goldman Sachs Grp Inc Inc stated it has 0.01% in Hancock Holding Company (NASDAQ:HBHC). Bancorp Of America De invested in 0% or 401,473 shares. Thrivent Financial For Lutherans has invested 0.07% in Hancock Holding Company (NASDAQ:HBHC). Pnc Fincl Gp holds 0% or 13,579 shares in its portfolio. Oakbrook Invests Ltd Liability Company has invested 0.02% in Hancock Holding Company (NASDAQ:HBHC).

Among 24 analysts covering Merck & Co. Inc. (NYSE:MRK), 20 have Buy rating, 0 Sell and 4 Hold. Therefore 83% are positive. Merck & Co. Inc. had 85 analyst reports since August 13, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, July 31 by UBS. Barclays Capital upgraded Merck & Co., Inc. (NYSE:MRK) on Tuesday, December 1 to “Overweight” rating. The company was downgraded on Monday, October 30 by Morgan Stanley. The firm earned “Buy” rating on Tuesday, January 16 by SunTrust. SunTrust maintained it with “Buy” rating and $7300 target in Friday, July 28 report. The firm earned “Buy” rating on Wednesday, October 18 by Citigroup. The company was maintained on Wednesday, August 30 by Credit Suisse. The firm has “Buy” rating by Piper Jaffray given on Friday, July 28. On Thursday, July 14 the stock rating was maintained by Jefferies with “Hold”. The firm has “Buy” rating by BMO Capital Markets given on Friday, July 28.

Merck & Co., Inc. (NYSE:MRK) Institutional Positions Chart

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