As Mckesson (MCK) Stock Value Declined, Holder Soros Fund Management Has Lowered Holding by $1.94 Million; Bank Of Montreal Stake in Rent A Ctr New (RCII) Cut as Stock Price Declined

May 20, 2018 - By Hazel Jackson

Rent-A-Center, Inc. (NASDAQ:RCII) Logo

Bank Of Montreal decreased its stake in Rent A Ctr Inc New (RCII) by 13.9% based on its latest 2017Q4 regulatory filing with the SEC. Bank Of Montreal sold 50,689 shares as the company’s stock declined 19.35% with the market. The institutional investor held 314,000 shares of the diversified commercial services company at the end of 2017Q4, valued at $3.49M, down from 364,689 at the end of the previous reported quarter. Bank Of Montreal who had been investing in Rent A Ctr Inc New for a number of months, seems to be less bullish one the $541.09 million market cap company. The stock decreased 1.07% or $0.11 during the last trading session, reaching $10.13. About 678,040 shares traded. Rent-A-Center, Inc. (NASDAQ:RCII) has declined 3.97% since May 20, 2017 and is downtrending. It has underperformed by 15.52% the S&P500.

George Soros decreased its stake in Mckesson Corp (MCK) by 18.12% based on its latest 2017Q4 regulatory filing with the SEC. Soros Fund Management Llc sold 12,500 shares as the company’s stock declined 12.43% with the market. The hedge fund run by George Soros held 56,500 shares of the other pharmaceuticals company at the end of 2017Q4, valued at $8.81M, down from 69,000 at the end of the previous reported quarter. Soros Fund Management Llc who had been investing in Mckesson Corp for a number of months, seems to be less bullish one the $30.73B market cap company. The stock decreased 1.37% or $2.07 during the last trading session, reaching $148.92. About 1.09 million shares traded. McKesson Corporation (NYSE:MCK) has declined 6.57% since May 20, 2017 and is downtrending. It has underperformed by 18.12% the S&P500.

Investors sentiment decreased to 0.79 in 2017 Q4. Its down 0.09, from 0.88 in 2017Q3. It turned negative, as 73 investors sold MCK shares while 310 reduced holdings. 79 funds opened positions while 222 raised stakes. 177.79 million shares or 1.25% less from 180.04 million shares in 2017Q3 were reported. Sandy Spring State Bank reported 220 shares or 0% of all its holdings. Greenleaf Trust holds 0% or 153 shares in its portfolio. Evercore Wealth Ltd Liability Corp reported 62,511 shares stake. Tarbox Family Office reported 0% stake. Lincoln Corp has invested 0.01% in McKesson Corporation (NYSE:MCK). Quantbot Techs Ltd Partnership reported 10,422 shares. Highvista Strategies Ltd Co owns 2,400 shares or 0.1% of their US portfolio. Legal And General Gru Public Ltd Co stated it has 0.15% of its portfolio in McKesson Corporation (NYSE:MCK). Clarkston Cap Prtnrs Ltd Liability has invested 0.29% of its portfolio in McKesson Corporation (NYSE:MCK). Stifel Financial stated it has 13,963 shares. Laurion Cap Mgmt Limited Partnership invested in 0.03% or 36,700 shares. Family Firm Incorporated accumulated 1,922 shares. Legacy Capital Partners Incorporated holds 3,303 shares. Sun Life Financial, a Ontario – Canada-based fund reported 1,258 shares. Commerce Bancshares reported 0.05% stake.

Analysts await McKesson Corporation (NYSE:MCK) to report earnings on May, 24 before the open. They expect $3.54 EPS, up 4.42% or $0.15 from last year’s $3.39 per share. MCK’s profit will be $730.44M for 10.52 P/E if the $3.54 EPS becomes a reality. After $3.41 actual EPS reported by McKesson Corporation for the previous quarter, Wall Street now forecasts 3.81% EPS growth.

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. McKesson Corporation had 83 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of McKesson Corporation (NYSE:MCK) earned “Buy” rating by Needham on Monday, October 16. The rating was downgraded by Leerink Swann to “Mkt Perform” on Friday, October 28. Mizuho maintained McKesson Corporation (NYSE:MCK) rating on Tuesday, June 7. Mizuho has “Neutral” rating and $174 target. On Friday, November 11 the stock rating was downgraded by Standpoint Research to “Hold”. As per Wednesday, November 1, the company rating was maintained by Needham. The stock of McKesson Corporation (NYSE:MCK) has “Hold” rating given on Wednesday, October 18 by Jefferies. Deutsche Bank downgraded McKesson Corporation (NYSE:MCK) on Friday, October 28 to “Hold” rating. The stock of McKesson Corporation (NYSE:MCK) has “Mkt Perform” rating given on Tuesday, January 12 by Raymond James. The stock has “Overweight” rating by JP Morgan on Tuesday, August 9. On Tuesday, May 23 the stock rating was upgraded by JP Morgan to “Overweight”.

Since December 14, 2017, it had 0 buys, and 2 sales for $10.61 million activity. Shares for $10.40M were sold by HAMMERGREN JOHN H.

More notable recent McKesson Corporation (NYSE:MCK) news were published by: Seekingalpha.com which released: “McKesson launches growth initiative, sees non-GAAP EPS as high as $12.80” on April 25, 2018, also Streetinsider.com with their article: “Rite Aid (RAD)/Albertsons More Likely to Depart McKesson (MCK), a Positive for AmerisourceBergen (ABC) – RBC” published on May 15, 2018, Seekingalpha.com published: “McKesson To Acquire MSD For Medical Supply Distribution” on May 07, 2018. More interesting news about McKesson Corporation (NYSE:MCK) were released by: Streetinsider.com and their article: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “More states sue over opioid epidemic” with publication date: May 16, 2018.

Soros Fund Management Llc, which manages about $4.37B US Long portfolio, upped its stake in American Eagle Outfitters Ne (NYSE:AEO) by 1.26 million shares to 1.28 million shares, valued at $24.03M in 2017Q4, according to the filing. It also increased its holding in Twitter Inc (NYSE:TWTR) by 15,700 shares in the quarter, for a total of 34,100 shares, and has risen its stake in Charter Communications Inc N.

Bank Of Montreal, which manages about $34.23B and $115.13B US Long portfolio, upped its stake in Navient Corporation (NASDAQ:NAVI) by 729,149 shares to 2.02 million shares, valued at $26.92M in 2017Q4, according to the filing. It also increased its holding in Franco Nevada Corp (NYSE:FNV) by 6.54M shares in the quarter, for a total of 6.56 million shares, and has risen its stake in Crane Co (NYSE:CR).

More recent Rent-A-Center, Inc. (NASDAQ:RCII) news were published by: Streetinsider.com which released: “Marcato Capital Shows New Stakes in Astec Industries (ASTE), Univar (UNVR) (more…) – 13f” on May 15, 2018. Also Globenewswire.com published the news titled: “Market Trends Toward New Normal in Church & Dwight Co., Rent-A-Center, Teradata, Catabasis Pharmaceuticals …” on May 09, 2018. Seekingalpha.com‘s news article titled: “Rent-A-Center deal expected next week” with publication date: April 25, 2018 was also an interesting one.

Among 13 analysts covering Rent-A-Center Inc (NASDAQ:RCII), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. Rent-A-Center Inc had 35 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets with “Hold” on Thursday, September 21. Loop Capital Markets maintained Rent-A-Center, Inc. (NASDAQ:RCII) on Wednesday, February 21 with “Sell” rating. The stock has “Hold” rating by Jefferies on Tuesday, October 10. The rating was initiated by Loop Capital with “Hold” on Tuesday, December 13. The company was downgraded on Tuesday, January 12 by BB&T Capital. Raymond James upgraded Rent-A-Center, Inc. (NASDAQ:RCII) on Tuesday, March 15 to “Strong Buy” rating. The stock of Rent-A-Center, Inc. (NASDAQ:RCII) earned “Sell” rating by Stephens on Tuesday, January 2. The firm earned “Hold” rating on Tuesday, October 31 by Stifel Nicolaus. The stock of Rent-A-Center, Inc. (NASDAQ:RCII) earned “Strong Buy” rating by Raymond James on Wednesday, April 12. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Thursday, October 29 report.

Analysts await Rent-A-Center, Inc. (NASDAQ:RCII) to report earnings on July, 25. They expect $0.04 earnings per share, up 500.00% or $0.05 from last year’s $-0.01 per share. RCII’s profit will be $2.14 million for 63.31 P/E if the $0.04 EPS becomes a reality. After $-0.08 actual earnings per share reported by Rent-A-Center, Inc. for the previous quarter, Wall Street now forecasts -150.00% EPS growth.

McKesson Corporation (NYSE:MCK) Institutional Positions Chart

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