Groesbeck Investment Management Lowered Its Stake in Caretrust Reit Com Com (CTRE) by $1.63 Million; As Visa (V) Market Value Rose, Holder Crescent Park Management LP Has Cut Stake by $6.25 Million

April 17, 2018 - By Clifton Ray

CareTrust REIT, Inc. (NASDAQ:CTRE) Logo

Groesbeck Investment Management Corp decreased its stake in Caretrust Reit Inc Com Com (CTRE) by 58.29% based on its latest 2017Q4 regulatory filing with the SEC. Groesbeck Investment Management Corp sold 102,000 shares as the company’s stock declined 21.48% with the market. The institutional investor held 73,000 shares of the consumer services company at the end of 2017Q4, valued at $1.22 million, down from 175,000 at the end of the previous reported quarter. Groesbeck Investment Management Corp who had been investing in Caretrust Reit Inc Com Com for a number of months, seems to be less bullish one the $1.03 billion market cap company. The stock increased 0.45% or $0.06 during the last trading session, reaching $13.47. About 18,663 shares traded. CareTrust REIT, Inc. (NASDAQ:CTRE) has declined 16.26% since April 17, 2017 and is downtrending. It has underperformed by 27.81% the S&P500.

Crescent Park Management Lp decreased its stake in Visa Inc (V) by 14.97% based on its latest 2017Q4 regulatory filing with the SEC. Crescent Park Management Lp sold 54,800 shares as the company’s stock rose 4.18% while stock markets declined. The institutional investor held 311,156 shares of the business services company at the end of 2017Q4, valued at $35.48M, down from 365,956 at the end of the previous reported quarter. Crescent Park Management Lp who had been investing in Visa Inc for a number of months, seems to be less bullish one the $277.71 billion market cap company. The stock increased 0.96% or $1.17 during the last trading session, reaching $123.05. About 514,817 shares traded. Visa Inc. (NYSE:V) has risen 31.98% since April 17, 2017 and is uptrending. It has outperformed by 20.43% the S&P500.

Among 11 analysts covering Caretrust REIT (NASDAQ:CTRE), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Caretrust REIT had 29 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, January 9 by BMO Capital Markets. The stock of CareTrust REIT, Inc. (NASDAQ:CTRE) has “Mkt Perform” rating given on Monday, October 24 by JMP Securities. The stock of CareTrust REIT, Inc. (NASDAQ:CTRE) has “Buy” rating given on Friday, October 27 by KeyBanc Capital Markets. As per Tuesday, January 3, the company rating was downgraded by RBC Capital Markets. On Monday, March 5 the stock rating was maintained by Stephens with “Buy”. On Wednesday, August 12 the stock rating was downgraded by Zacks to “Hold”. RBC Capital Markets initiated CareTrust REIT, Inc. (NASDAQ:CTRE) rating on Thursday, September 24. RBC Capital Markets has “Outperform” rating and $13 target. The rating was maintained by KeyBanc Capital Markets with “Buy” on Wednesday, August 23. The company was maintained on Thursday, March 30 by Canaccord Genuity. The company was maintained on Friday, January 12 by Stephens.

Analysts await CareTrust REIT, Inc. (NASDAQ:CTRE) to report earnings on May, 1. They expect $0.31 EPS, up 6.90% or $0.02 from last year’s $0.29 per share. CTRE’s profit will be $23.61M for 10.86 P/E if the $0.31 EPS becomes a reality. After $0.31 actual EPS reported by CareTrust REIT, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Groesbeck Investment Management Corp, which manages about $250.00M and $142.41M US Long portfolio, upped its stake in Andeavor Logistics Lp Com Unit Com by 31,983 shares to 43,670 shares, valued at $2.02M in 2017Q4, according to the filing. It also increased its holding in Nvidia Corp Com Com (NASDAQ:NVDA) by 4,500 shares in the quarter, for a total of 9,950 shares, and has risen its stake in Macys Inc Com Com (NYSE:M).

Among 42 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 127 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Guggenheim on Monday, December 5. The company was maintained on Wednesday, October 18 by Barclays Capital. Cowen & Co maintained the shares of V in report on Friday, January 12 with “Buy” rating. On Friday, February 2 the stock rating was maintained by Guggenheim with “Buy”. The rating was maintained by RBC Capital Markets on Friday, September 22 with “Buy”. On Friday, June 23 the stock rating was maintained by Jefferies with “Buy”. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Friday, August 11 report. The company was maintained on Friday, June 23 by Cowen & Co. Piper Jaffray maintained the shares of V in report on Friday, October 13 with “Buy” rating. The firm has “Buy” rating by Cowen & Co given on Wednesday, September 6.

Since December 13, 2017, it had 0 buys, and 3 sales for $6.56 million activity. MAHON TULLIER KELLY sold $5.65 million worth of stock or 49,702 shares. MATSCHULLAT ROBERT W had sold 6,220 shares worth $707,561 on Wednesday, December 13.

Analysts await Visa Inc. (NYSE:V) to report earnings on April, 25 after the close. They expect $1.02 EPS, up 18.60% or $0.16 from last year’s $0.86 per share. V’s profit will be $2.30B for 30.16 P/E if the $1.02 EPS becomes a reality. After $1.08 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts -5.56% negative EPS growth.

Visa Inc. (NYSE:V) Institutional Positions Chart

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