Imax (IMAX) Shareholder Pembroke Management LTD Decreased Its Holding by $397,900; Mccormick & Co (MKC) Stock Price Rose While Reliance Trust Raised Holding

May 15, 2018 - By Richard Conner

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Reliance Trust increased its stake in Mccormick & Co Inc (MKC) by 71.52% based on its latest 2017Q4 regulatory filing with the SEC. Reliance Trust bought 4,261 shares as the company’s stock rose 5.33% while stock markets declined. The institutional investor held 10,219 shares of the consumer non-durables company at the end of 2017Q4, valued at $1.04M, up from 5,958 at the end of the previous reported quarter. Reliance Trust who had been investing in Mccormick & Co Inc for a number of months, seems to be bullish on the $13.90B market cap company. The stock decreased 0.97% or $1.04 during the last trading session, reaching $105.89. About 382,298 shares traded. McCormick & Company, Incorporated (NYSE:MKC) has risen 5.91% since May 15, 2017 and is uptrending. It has underperformed by 5.64% the S&P500.

Pembroke Management Ltd decreased its stake in Imax Corp (IMAX) by 1.91% based on its latest 2017Q4 regulatory filing with the SEC. Pembroke Management Ltd sold 17,300 shares as the company’s stock declined 17.02% with the market. The institutional investor held 889,400 shares of the industrial machinery and components company at the end of 2017Q4, valued at $20.59M, down from 906,700 at the end of the previous reported quarter. Pembroke Management Ltd who had been investing in Imax Corp for a number of months, seems to be less bullish one the $1.54 billion market cap company. The stock increased 1.38% or $0.325 during the last trading session, reaching $23.925. About 275,840 shares traded. IMAX Corporation (NYSE:IMAX) has declined 42.08% since May 15, 2017 and is downtrending. It has underperformed by 53.63% the S&P500.

Investors sentiment decreased to 1.16 in 2017 Q4. Its down 0.47, from 1.63 in 2017Q3. It dropped, as 45 investors sold MKC shares while 189 reduced holdings. 64 funds opened positions while 207 raised stakes. 100.61 million shares or 3.03% more from 97.65 million shares in 2017Q3 were reported. Navellier Associate has 2,203 shares for 0.04% of their portfolio. Hm Capital Management Limited Liability Corporation reported 3,722 shares stake. Ironwood Investment Counsel Limited Com owns 7,451 shares or 0.28% of their US portfolio. Caisse De Depot Et Placement Du Quebec holds 5,665 shares. Tower Rech Capital Ltd Company (Trc) has invested 0.01% in McCormick & Company, Incorporated (NYSE:MKC). Fiduciary Trust Co invested in 0.01% or 4,182 shares. The Maryland-based Profit Investment Mngmt Lc has invested 0.85% in McCormick & Company, Incorporated (NYSE:MKC). United Fin Advisers Lc invested in 4,317 shares. State Treasurer State Of Michigan invested in 0.03% or 35,068 shares. British Columbia Invest Mgmt, British Columbia – Canada-based fund reported 77,989 shares. Wells Fargo Mn has invested 0.04% in McCormick & Company, Incorporated (NYSE:MKC). Mathes Company accumulated 1.19% or 25,492 shares. Public Sector Pension Board holds 0% or 6,346 shares. Wellington Gru Llp accumulated 18,064 shares. Wms Prtn Ltd Liability Company reported 0.48% in McCormick & Company, Incorporated (NYSE:MKC).

Among 13 analysts covering McCormick & Company (NYSE:MKC), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. McCormick & Company had 45 analyst reports since August 20, 2015 according to SRatingsIntel. The company was maintained on Wednesday, March 30 by Bernstein. The rating was initiated by BB&T Capital with “Buy” on Tuesday, September 1. As per Monday, October 2, the company rating was maintained by Citigroup. The rating was maintained by Citigroup on Friday, October 2 with “Sell”. The rating was initiated by Deutsche Bank with “Hold” on Wednesday, February 15. The company was maintained on Friday, June 24 by Deutsche Bank. The stock of McCormick & Company, Incorporated (NYSE:MKC) has “Buy” rating given on Tuesday, August 22 by Credit Suisse. The company was maintained on Wednesday, March 28 by UBS. The firm has “Outperform” rating by Credit Suisse given on Monday, September 18. On Wednesday, December 16 the stock rating was initiated by Jefferies with “Hold”.

More notable recent McCormick & Company, Incorporated (NYSE:MKC) news were published by: Seekingalpha.com which released: “McCormick & Company Dividend Stock Analysis” on April 17, 2018, also Globenewswire.com with their article: “Analysis: Positioning to Benefit within The Manitowoc, RSP Permian, Verifone, Commercial Metals, Total System …” published on May 09, 2018, Prnewswire.com published: “McCormick Honors 2018 Unsung Heroes” on May 08, 2018. More interesting news about McCormick & Company, Incorporated (NYSE:MKC) were released by: Bizjournals.com and their article: “Here’s how much more CEOs at Baltimore public companies make than their employees” published on May 05, 2018 as well as Bizjournals.com‘s news article titled: “Remembering Kevin Kamenetz: How he helped keep McCormick in Maryland (Video)” with publication date: May 11, 2018.

Reliance Trust, which manages about $660.55 million US Long portfolio, decreased its stake in Nuance Communications Inc (NASDAQ:NUAN) by 32,680 shares to 23,539 shares, valued at $385,000 in 2017Q4, according to the filing. It also reduced its holding in Vanguard Ftse Developed Markets (VEA) by 11,384 shares in the quarter, leaving it with 860,218 shares, and cut its stake in Ryanair Holdings Plc.

Since January 29, 2018, it had 0 buys, and 2 selling transactions for $956,964 activity. On Tuesday, January 30 the insider Smith Michael R sold $278,002.

Pembroke Management Ltd, which manages about $2.77B and $973.59 million US Long portfolio, upped its stake in Premier Inc (NASDAQ:PINC) by 54,300 shares to 601,700 shares, valued at $17.56 million in 2017Q4, according to the filing. It also increased its holding in Upland Software by 145,800 shares in the quarter, for a total of 768,900 shares, and has risen its stake in Albany Intl Corp (NYSE:AIN).

Analysts await IMAX Corporation (NYSE:IMAX) to report earnings on July, 25. They expect $0.18 EPS, up 125.00% or $0.10 from last year’s $0.08 per share. IMAX’s profit will be $11.56 million for 33.23 P/E if the $0.18 EPS becomes a reality. After $0.14 actual EPS reported by IMAX Corporation for the previous quarter, Wall Street now forecasts 28.57% EPS growth.

McCormick & Company, Incorporated (NYSE:MKC) Institutional Positions Chart

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