Inside Selling: Steve Armstrong Sold 6,641 Shares of MSC Industrial Direct Co., Inc. (MSM); Sio Capital Management Increased Its Glaxosmithkline Plc (GSK) Stake

May 24, 2018 - By Nellie Frank

MSC Industrial Direct Co., Inc. (NYSE:MSM) Logo

Sio Capital Management Llc increased Glaxosmithkline Plc (GSK) stake by 225.82% reported in 2017Q4 SEC filing. Sio Capital Management Llc acquired 225,823 shares as Glaxosmithkline Plc (GSK)’s stock rose 9.28%. The Sio Capital Management Llc holds 325,823 shares with $11.56 million value, up from 100,000 last quarter. Glaxosmithkline Plc now has $98.73B valuation. The stock decreased 0.37% or $0.15 during the last trading session, reaching $40.18. About 2.78M shares traded. GlaxoSmithKline plc (NYSE:GSK) has declined 10.07% since May 24, 2017 and is downtrending. It has underperformed by 21.62% the S&P500.

Among 18 analysts covering GlaxoSmithKline (NYSE:GSK), 9 have Buy rating, 1 Sell and 8 Hold. Therefore 50% are positive. GlaxoSmithKline had 29 analyst reports since September 8, 2015 according to SRatingsIntel. The stock of GlaxoSmithKline plc (NYSE:GSK) has “Neutral” rating given on Friday, June 16 by J P Morgan Chase Co. Credit Suisse upgraded GlaxoSmithKline plc (NYSE:GSK) on Tuesday, October 20 to “Neutral” rating. The rating was upgraded by Barclays Capital to “Buy” on Tuesday, January 16. The rating was maintained by Cowen & Co on Monday, December 11 with “Hold”. The stock of GlaxoSmithKline plc (NYSE:GSK) has “Buy” rating given on Monday, December 7 by Argus Research. The company was upgraded on Tuesday, September 8 by Bank of America. The company was downgraded on Thursday, October 26 by Bank of America. On Wednesday, December 9 the stock rating was upgraded by Bank of America to “Buy”. BNP Paribas upgraded the stock to “Neutral” rating in Wednesday, April 5 report. The firm has “Neutral” rating given on Tuesday, September 15 by BNP Paribas.

More important recent GlaxoSmithKline plc (NYSE:GSK) news were published by: Seekingalpha.com which released: “ViiV Healthcare’s HIV med Juluca OK’d in Europe” on May 21, 2018, also Streetinsider.com published article titled: “GlaxoSmithKline (GSK) Indian Consumer Unit Receives Frenzy of Interest – Economic Times”, Seekingalpha.com published: “GlaxoSmithKline Q1 2018: Still Too Many Uncertainties” on April 29, 2018. More interesting news about GlaxoSmithKline plc (NYSE:GSK) was released by: Seekingalpha.com and their article: “Xenon Pharma up 21% premarket on positive XEN1101 data” with publication date: May 15, 2018.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.43, from 1.31 in 2017Q3. It worsened, as 32 investors sold MSC Industrial Direct Co., Inc. shares while 103 reduced holdings. 53 funds opened positions while 66 raised stakes. 40.30 million shares or 2.45% less from 41.32 million shares in 2017Q3 were reported. Prelude Cap Mgmt Limited Liability has 450 shares. Glenmede Trust Na owns 358 shares. Advisory Ser Net Ltd Co holds 7,183 shares. 5,047 are held by Perella Weinberg Prns Cap Mngmt L P. First Personal Fincl Service invested in 23 shares or 0% of the stock. Renaissance Techs Ltd Company, a New York-based fund reported 137,700 shares. State Of Wisconsin Invest Board owns 8,971 shares for 0% of their portfolio. Fincl Architects holds 0.01% or 434 shares. Oregon Pub Employees Retirement Fund holds 0.02% of its portfolio in MSC Industrial Direct Co., Inc. (NYSE:MSM) for 16,622 shares. Canada Pension Plan Invest Board invested in 0.03% or 164,500 shares. Dimensional Fund Advisors Ltd Partnership owns 471,087 shares or 0.02% of their US portfolio. Morgan Dempsey Capital Management Limited owns 663 shares for 0.02% of their portfolio. Blackrock reported 3.69M shares stake. Tower Rech Limited Liability Corp (Trc) owns 1,288 shares. Brookstone Cap Management has 0.03% invested in MSC Industrial Direct Co., Inc. (NYSE:MSM) for 3,933 shares.

Since January 11, 2018, it had 0 insider buys, and 21 insider sales for $85.10 million activity. 2,500 shares were sold by Jilla Rustom, worth $247,500 on Thursday, January 25. On Tuesday, January 23 the insider Davanzo Christopher sold $1.06 million. $2.84 million worth of stock was sold by GERSHWIND ERIK on Wednesday, May 16. Jones Douglas E also sold $283,480 worth of MSC Industrial Direct Co., Inc. (NYSE:MSM) shares. $1.48M worth of stock was sold by Bonomo Charles on Wednesday, January 24. JACOBSON MITCHELL also sold $834,828 worth of MSC Industrial Direct Co., Inc. (NYSE:MSM) shares. On Friday, January 19 Armstrong Steve sold $667,684 worth of MSC Industrial Direct Co., Inc. (NYSE:MSM) or 7,100 shares.

The insider Steve Armstrong who is SVP – GC and Corp. Secy. of Msc Industrial Direct Co Inc made a sale of 6,641 shares of the Pinksheet-listed Msc Industrial Direct Co Inc valued at $630,918 U.S Dollars totalled based on $95.0 per share. Today, Steve Armstrong owns 11,751 shares which are around 0.02% of the Company’s market cap.

More recent MSC Industrial Direct Co., Inc. (NYSE:MSM) news were published by: Prnewswire.com which released: “MSC Industrial Supply Co. Recognizes Norton Saint-Gobain Abrasives, Sandvik Coromant, Parker Hannifin With ..” on May 23, 2018. Also Globenewswire.com published the news titled: “New Research Coverage Highlights Cerus, Health Insurance Innovations, Tetra Tech, Ferro, Dril-Quip, and MSC ..” on May 15, 2018. Streetinsider.com‘s news article titled: “MSC Industrial (MSM) Announces Acquisition of All Integrated Solutions” with publication date: May 01, 2018 was also an interesting one.

Among 19 analysts covering MSC Industrial Direct Co. (NYSE:MSM), 6 have Buy rating, 1 Sell and 12 Hold. Therefore 32% are positive. MSC Industrial Direct Co. has $11600 highest and $55 lowest target. $94.07’s average target is 3.02% above currents $91.31 stock price. MSC Industrial Direct Co. had 69 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, April 10 the stock rating was maintained by Stephens with “Buy”. Deutsche Bank upgraded the shares of MSM in report on Thursday, January 26 to “Hold” rating. The stock of MSC Industrial Direct Co., Inc. (NYSE:MSM) has “Neutral” rating given on Friday, August 4 by JP Morgan. BMO Capital Markets maintained the shares of MSM in report on Wednesday, November 1 with “Market Perform” rating. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, October 5. Raymond James downgraded the shares of MSM in report on Monday, December 5 to “Mkt Perform” rating. KeyBanc Capital Markets maintained the stock with “Hold” rating in Friday, September 15 report. Stifel Nicolaus maintained MSC Industrial Direct Co., Inc. (NYSE:MSM) on Monday, June 12 with “Hold” rating. The firm has “Buy” rating given on Tuesday, January 9 by Credit Suisse. The company was maintained on Monday, December 4 by Credit Suisse.

The stock decreased 1.66% or $1.54 during the last trading session, reaching $91.31. About 617,943 shares traded or 4.15% up from the average. MSC Industrial Direct Co., Inc. (NYSE:MSM) has declined 9.82% since May 24, 2017 and is downtrending. It has underperformed by 21.37% the S&P500.

MSC Industrial Direct Co., Inc. (NYSE:MSM) Institutional Positions Chart

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