Clark Estates Trimmed Its Stake in Cardinal Health (CAH) as Shares Declined; Hudson Bay Capital Management LP Has Lowered Its Wns Holdings LTD (WNS) Holding by $4.64 Million; Stock Rose

May 21, 2018 - By Ellis Scott

Cardinal Health, Inc. (NYSE:CAH) Logo

Clark Estates Inc decreased its stake in Cardinal Health Inc (CAH) by 12.61% based on its latest 2017Q4 regulatory filing with the SEC. Clark Estates Inc sold 18,000 shares as the company’s stock declined 2.03% with the market. The institutional investor held 124,700 shares of the health care company at the end of 2017Q4, valued at $7.64M, down from 142,700 at the end of the previous reported quarter. Clark Estates Inc who had been investing in Cardinal Health Inc for a number of months, seems to be less bullish one the $16.56 billion market cap company. The stock decreased 0.06% or $0.03 during the last trading session, reaching $53.3. About 2.07 million shares traded. Cardinal Health, Inc. (NYSE:CAH) has declined 25.57% since May 21, 2017 and is downtrending. It has underperformed by 37.12% the S&P500.

Sander Gerber decreased its stake in Wns Holdings Ltd (WNS) by 34.39% based on its latest 2017Q4 regulatory filing with the SEC. Hudson Bay Capital Management Lp sold 115,926 shares as the company’s stock rose 11.22% while stock markets declined. The hedge fund run by Sander Gerber held 221,124 shares of the business services company at the end of 2017Q4, valued at $8.87 million, down from 337,050 at the end of the previous reported quarter. Hudson Bay Capital Management Lp who had been investing in Wns Holdings Ltd for a number of months, seems to be less bullish one the $2.43B market cap company. The stock decreased 0.82% or $0.4 during the last trading session, reaching $48.15. About 95,577 shares traded. WNS (NYSE:WNS) has risen 56.80% since May 21, 2017 and is uptrending. It has outperformed by 45.25% the S&P500.

Since January 22, 2018, it had 0 insider purchases, and 3 selling transactions for $3.82 million activity. Giacomin Jon L had sold 7,995 shares worth $549,924. 28,532 Cardinal Health, Inc. (NYSE:CAH) shares with value of $1.89M were sold by MORRISON PATRICIA.

Analysts await Cardinal Health, Inc. (NYSE:CAH) to report earnings on August, 1. They expect $1.03 earnings per share, down 21.37% or $0.28 from last year’s $1.31 per share. CAH’s profit will be $320.02 million for 12.94 P/E if the $1.03 EPS becomes a reality. After $1.39 actual earnings per share reported by Cardinal Health, Inc. for the previous quarter, Wall Street now forecasts -25.90% negative EPS growth.

More notable recent Cardinal Health, Inc. (NYSE:CAH) news were published by: Seekingalpha.com which released: “Trading Mistake 4: High ‘Probability’ Trades” on May 11, 2018, also Seekingalpha.com with their article: “Cardinal Health Has Become Attractive” published on May 07, 2018, Bizjournals.com published: “General Electric drops again on Fortune 500 list” on May 21, 2018. More interesting news about Cardinal Health, Inc. (NYSE:CAH) were released by: Bizjournals.com and their article: “Greater Cincinnati company joins 2018 Fortune 500 list” published on May 21, 2018 as well as Finance.Yahoo.com‘s news article titled: “5 Notable Dividend Increases From the Past Week — Including Phillips 66” with publication date: May 15, 2018.

Investors sentiment decreased to 0.75 in Q4 2017. Its down 0.15, from 0.9 in 2017Q3. It worsened, as 82 investors sold CAH shares while 236 reduced holdings. 65 funds opened positions while 173 raised stakes. 276.20 million shares or 0.42% more from 275.05 million shares in 2017Q3 were reported. Asset Mngmt Incorporated holds 0.06% or 31,573 shares in its portfolio. Parametric Associates Limited Liability Company holds 803,069 shares or 0.05% of its portfolio. 1St Source State Bank holds 0.14% of its portfolio in Cardinal Health, Inc. (NYSE:CAH) for 28,763 shares. State Board Of Administration Of Florida Retirement invested in 454,486 shares. Aperio Group Limited Liability Co invested in 0.03% or 107,286 shares. Exxonmobil Management Tx holds 0.08% or 50,023 shares in its portfolio. Northern Trust holds 0.07% of its portfolio in Cardinal Health, Inc. (NYSE:CAH) for 4.31M shares. 288,326 are owned by Nuveen Asset Mngmt Ltd Liability Com. Dupont Capital Corporation holds 0.01% or 3,932 shares in its portfolio. Comerica owns 5,060 shares for 0.04% of their portfolio. Amica Retiree Medical holds 0.08% or 1,725 shares in its portfolio. Bnp Paribas Asset Mngmt holds 0.01% of its portfolio in Cardinal Health, Inc. (NYSE:CAH) for 13,356 shares. Washington Trust State Bank stated it has 0.01% in Cardinal Health, Inc. (NYSE:CAH). 28,141 are owned by Commonwealth Of Pennsylvania Public School Empls Retrmt. Moreover, Central Bancorp And Tru Company has 0% invested in Cardinal Health, Inc. (NYSE:CAH).

Clark Estates Inc, which manages about $605.49M US Long portfolio, upped its stake in At&T Inc (NYSE:T) by 273,000 shares to 875,000 shares, valued at $34.02M in 2017Q4, according to the filing. It also increased its holding in Smucker J M Co (NYSE:SJM) by 5,000 shares in the quarter, for a total of 45,000 shares, and has risen its stake in Hanesbrands Inc (NYSE:HBI).

Among 20 analysts covering Cardinal Health (NYSE:CAH), 5 have Buy rating, 2 Sell and 13 Hold. Therefore 25% are positive. Cardinal Health had 54 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, April 2 by Argus Research. Leerink Swann downgraded the shares of CAH in report on Wednesday, December 21 to “Mkt Perform” rating. The firm earned “Outperform” rating on Tuesday, April 24 by Leerink Swann. The firm has “Buy” rating by UBS given on Tuesday, November 3. The stock has “Hold” rating by Jefferies on Tuesday, November 7. The stock of Cardinal Health, Inc. (NYSE:CAH) earned “Hold” rating by RBC Capital Markets on Thursday, February 8. Credit Suisse maintained the shares of CAH in report on Thursday, August 3 with “Buy” rating. The stock of Cardinal Health, Inc. (NYSE:CAH) has “Outperform” rating given on Thursday, April 6 by Evercore. The firm has “Hold” rating given on Friday, September 8 by Needham. The rating was maintained by Jefferies with “Hold” on Tuesday, October 3.

Hudson Bay Capital Management Lp, which manages about $4.18B and $4.65B US Long portfolio, upped its stake in Netshoes Cayman Ltd by 149,459 shares to 197,778 shares, valued at $1.56M in 2017Q4, according to the filing. It also increased its holding in Ishares Msci United Kingdom by 155,850 shares in the quarter, for a total of 179,410 shares, and has risen its stake in Select Sector Spdr Tr (Put).

Among 16 analysts covering WNS Holdings Ltd. (NYSE:WNS), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. WNS Holdings Ltd. had 50 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Thursday, January 18 with “Buy”. The rating was downgraded by Robert W. Baird on Friday, October 16 to “Neutral”. On Friday, October 16 the stock rating was maintained by Needham with “Strong Buy”. As per Friday, October 13, the company rating was maintained by Citigroup. The rating was maintained by Deutsche Bank on Friday, October 16 with “Buy”. The stock has “Sell” rating by Zacks on Tuesday, September 1. The rating was maintained by Loop Capital on Monday, October 30 with “Buy”. The firm has “Buy” rating given on Friday, September 29 by Robert W. Baird. Cowen & Co maintained the shares of WNS in report on Friday, January 19 with “Buy” rating. Robert W. Baird maintained the stock with “Buy” rating in Friday, August 25 report.

Cardinal Health, Inc. (NYSE:CAH) Institutional Positions Chart

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