As Amerisourcebergen (ABC) Share Value Declined, Koshinski Asset Management Has Cut Its Position; Sirios Capital Management LP Has Upped Position in Carmax (KMX)

May 18, 2018 - By Hazel Jackson

AmerisourceBergen Corporation (NYSE:ABC) Logo

John Brennan increased its stake in Carmax Inc (KMX) by 81.5% based on its latest 2017Q4 regulatory filing with the SEC. Sirios Capital Management LP bought 546,024 shares as the company’s stock declined 8.40% with the market. The hedge fund run by John Brennan held 1.22 million shares of the automotive aftermarket company at the end of 2017Q4, valued at $77.98M, up from 669,994 at the end of the previous reported quarter. Sirios Capital Management LP who had been investing in Carmax Inc for a number of months, seems to be bullish on the $11.70 billion market cap company. The stock decreased 1.54% or $1.03 during the last trading session, reaching $65.69. About 552,497 shares traded. CarMax, Inc. (NYSE:KMX) has risen 1.49% since May 18, 2017 and is uptrending. It has underperformed by 10.06% the S&P500.

Koshinski Asset Management Inc decreased its stake in Amerisourcebergen Corp (ABC) by 47.48% based on its latest 2017Q4 regulatory filing with the SEC. Koshinski Asset Management Inc sold 3,612 shares as the company’s stock declined 9.14% with the market. The institutional investor held 3,996 shares of the other pharmaceuticals company at the end of 2017Q4, valued at $367,000, down from 7,608 at the end of the previous reported quarter. Koshinski Asset Management Inc who had been investing in Amerisourcebergen Corp for a number of months, seems to be less bullish one the $18.88 billion market cap company. The stock decreased 0.92% or $0.8 during the last trading session, reaching $85.89. About 488,152 shares traded. AmerisourceBergen Corporation (NYSE:ABC) has declined 3.97% since May 18, 2017 and is downtrending. It has underperformed by 15.52% the S&P500.

More notable recent AmerisourceBergen Corporation (NYSE:ABC) news were published by: Streetinsider.com which released: “Rite Aid (RAD)/Albertsons More Likely to Depart McKesson (MCK), a Positive for AmerisourceBergen (ABC) – RBC” on May 15, 2018, also Benzinga.com with their article: “AmerisourceBergen Earnings Outlook” published on May 01, 2018, Seekingalpha.com published: “Trump to unveil drug pricing plan” on May 11, 2018. More interesting news about AmerisourceBergen Corporation (NYSE:ABC) were released by: Seekingalpha.com and their article: “Key events next week – healthcare” published on April 27, 2018 as well as Streetinsider.com‘s news article titled: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” with publication date: May 15, 2018.

Koshinski Asset Management Inc, which manages about $399.52 million US Long portfolio, upped its stake in Ishares Inc (IEMG) by 7,006 shares to 15,773 shares, valued at $897,000 in 2017Q4, according to the filing. It also increased its holding in Spdr Series Trust by 5,090 shares in the quarter, for a total of 18,497 shares, and has risen its stake in Visa Inc (NYSE:V).

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. AmerisourceBergen had 74 analyst reports since July 27, 2015 according to SRatingsIntel. The company was upgraded on Thursday, January 12 by Bank of America. Needham maintained the shares of ABC in report on Tuesday, October 24 with “Buy” rating. The stock of AmerisourceBergen Corporation (NYSE:ABC) earned “Mkt Outperform” rating by Avondale on Tuesday, October 4. On Friday, October 2 the stock rating was downgraded by Morgan Stanley to “Underweight”. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, October 7. The rating was maintained by Mizuho with “Hold” on Tuesday, October 24. The company was upgraded on Friday, December 15 by Goldman Sachs. The firm has “Buy” rating by Zacks given on Thursday, August 27. The company was maintained on Monday, November 6 by Robert W. Baird. The stock of AmerisourceBergen Corporation (NYSE:ABC) earned “Hold” rating by Zacks on Tuesday, August 25.

Analysts await AmerisourceBergen Corporation (NYSE:ABC) to report earnings on August, 2. They expect $1.50 EPS, up 4.90% or $0.07 from last year’s $1.43 per share. ABC’s profit will be $329.71M for 14.32 P/E if the $1.50 EPS becomes a reality. After $1.94 actual EPS reported by AmerisourceBergen Corporation for the previous quarter, Wall Street now forecasts -22.68% negative EPS growth.

More news for CarMax, Inc. (NYSE:KMX) were recently published by: Fool.com, which released: “7 Car-Shopping Tips for First-Time Buyers” on May 17, 2018. Seekingalpha.com‘s article titled: “Tracking Lou Simpson’s SQ Advisors Portfolio – Q1 2018 Update” and published on May 18, 2018 is yet another important article.

Since December 15, 2017, it had 2 insider buys, and 10 insider sales for $11.48 million activity. $3.13M worth of stock was sold by Wood William C Jr. on Tuesday, April 17. $495,396 worth of CarMax, Inc. (NYSE:KMX) was sold by FOLLIARD THOMAS J on Thursday, February 15. $310,600 worth of stock was bought by Bensen Peter J on Friday, April 6. $1.44M worth of CarMax, Inc. (NYSE:KMX) was sold by MARGOLIN ERIC M on Friday, January 26. Newberry Darren C sold $478,064 worth of stock. Shares for $217,767 were sold by GOODMAN SHIRA.

Investors sentiment increased to 1.04 in Q4 2017. Its up 0.14, from 0.9 in 2017Q3. It increased, as 39 investors sold KMX shares while 152 reduced holdings. 64 funds opened positions while 134 raised stakes. 174.62 million shares or 7.20% less from 188.17 million shares in 2017Q3 were reported. Ruane Cunniff And Goldfarb invested in 6.63 million shares or 3.49% of the stock. Ameritas Investment Prns accumulated 4,044 shares. Jump Trading Ltd Llc accumulated 4,507 shares. Korea Inv owns 1,768 shares or 0% of their US portfolio. Fenimore Asset Management, a New York-based fund reported 895,867 shares. Oppenheimer & Company invested 1.43% in CarMax, Inc. (NYSE:KMX). Sheffield Asset Mngmt Ltd Liability Co stated it has 5.63% in CarMax, Inc. (NYSE:KMX). Primecap Mgmt Ca, a California-based fund reported 14.05M shares. Robeco Institutional Asset Mgmt Bv has invested 0% in CarMax, Inc. (NYSE:KMX). Captrust Advisors owns 2,089 shares. Ckw Grp Inc owns 0% invested in CarMax, Inc. (NYSE:KMX) for 12 shares. Madison holds 1.22% or 1.12M shares in its portfolio. Eqis accumulated 11,932 shares. State Of Alaska Department Of Revenue invested 0.04% of its portfolio in CarMax, Inc. (NYSE:KMX). Nj State Employees Deferred Compensation Plan reported 15,000 shares.

Sirios Capital Management L P, which manages about $2.06 billion and $2.02B US Long portfolio, decreased its stake in Netapp Inc (NASDAQ:NTAP) by 1.50 million shares to 844,983 shares, valued at $46.75 million in 2017Q4, according to the filing. It also reduced its holding in Western Alliance Bancorp (NYSE:WAL) by 176,646 shares in the quarter, leaving it with 93,565 shares, and cut its stake in Verint Sys Inc (NASDAQ:VRNT).

CarMax, Inc. (NYSE:KMX) Institutional Positions Chart

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