Frontfour Capital Group Has Trimmed Its Stake in Mdc Partners (MDCA) as Market Valuation Declined; Coho Partners LTD Position In Merck & Co. (MRK) Was Increased

February 12, 2018 - By Adrian Erickson

Coho Partners Ltd increased its stake in Merck & Co. Inc. (MRK) by 33.91% based on its latest 2017Q3 regulatory filing with the SEC. Coho Partners Ltd bought 553,154 shares as the company’s stock declined 2.46% while stock markets rallied. The institutional investor held 2.18 million shares of the health care company at the end of 2017Q3, valued at $139.88M, up from 1.63 million at the end of the previous reported quarter. Coho Partners Ltd who had been investing in Merck & Co. Inc. for a number of months, seems to be bullish on the $149.49 billion market cap company. The stock increased 0.26% or $0.14 during the last trading session, reaching $54.87. About 18.58M shares traded or 40.71% up from the average. Merck & Co., Inc. (NYSE:MRK) has risen 16.86% since February 12, 2017 and is uptrending. It has outperformed by 0.16% the S&P500.

Frontfour Capital Group Llc decreased its stake in Mdc Partners Inc (MDCA) by 7.02% based on its latest 2017Q3 regulatory filing with the SEC. Frontfour Capital Group Llc sold 61,561 shares as the company’s stock declined 3.33% while stock markets rallied. The hedge fund held 815,540 shares of the advertising company at the end of 2017Q3, valued at $8.97 million, down from 877,101 at the end of the previous reported quarter. Frontfour Capital Group Llc who had been investing in Mdc Partners Inc for a number of months, seems to be less bullish one the $525.25M market cap company. The stock increased 4.05% or $0.35 during the last trading session, reaching $9. About 401,784 shares traded or 26.16% up from the average. MDC Partners Inc. (NASDAQ:MDCA) has declined 46.79% since February 12, 2017 and is downtrending. It has underperformed by 63.49% the S&P500.

Coho Partners Ltd, which manages about $1.39 billion and $3.90 billion US Long portfolio, decreased its stake in Chevron Corporation (NYSE:CVX) by 66,591 shares to 996,736 shares, valued at $117.12 million in 2017Q3, according to the filing. It also reduced its holding in Aflac Inc. (NYSE:AFL) by 146,537 shares in the quarter, leaving it with 2.04M shares, and cut its stake in Praxair Inc. (NYSE:PX).

Among 23 analysts covering Merck & Co. Inc. (NYSE:MRK), 16 have Buy rating, 0 Sell and 7 Hold. Therefore 70% are positive. Merck & Co. Inc. had 76 analyst reports since August 13, 2015 according to SRatingsIntel. On Monday, July 31 the stock rating was maintained by UBS with “Buy”. As per Thursday, November 16, the company rating was maintained by Jefferies. As per Friday, August 4, the company rating was maintained by BMO Capital Markets. BMO Capital Markets downgraded the stock to “Market Perform” rating in Monday, July 18 report. BMO Capital Markets maintained the shares of MRK in report on Tuesday, June 6 with “Buy” rating. Morgan Stanley upgraded the stock to “Overweight” rating in Thursday, January 12 report. The rating was maintained by BMO Capital Markets with “Buy” on Friday, July 28. As per Friday, September 9, the company rating was maintained by Barclays Capital. The stock has “Buy” rating by Bernstein on Wednesday, November 15. The rating was maintained by Cowen & Co with “Market Perform” on Wednesday, April 12.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.01, from 1.07 in 2017Q2. It turned negative, as 46 investors sold MRK shares while 619 reduced holdings. 106 funds opened positions while 598 raised stakes. 1.96 billion shares or 0.47% more from 1.95 billion shares in 2017Q2 were reported. Crawford Investment Counsel holds 2.81% of its portfolio in Merck & Co., Inc. (NYSE:MRK) for 1.35M shares. Piedmont Advisors Limited Com accumulated 682,675 shares. Lsv Asset Mgmt holds 9.96M shares. Mondrian Inv Prtnrs invested in 1,057 shares. Associated Banc owns 262,821 shares. Putnam Fl Inv accumulated 34,602 shares. Tarbox Family Office holds 2,999 shares or 0.08% of its portfolio. Thrivent Fincl For Lutherans reported 0.56% stake. Rock Point Advsr Ltd Liability Co invested in 0.11% or 3,744 shares. Crestwood Advsrs Gru Limited Liability has invested 0.07% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Swiss National Bank & Trust reported 10.73 million shares stake. Albion Finance Group Inc Ut has invested 0.66% in Merck & Co., Inc. (NYSE:MRK). Nj State Employees Deferred Compensation Plan holds 93,252 shares. Lederer And Assocs Inv Counsel Ca holds 0.26% or 4,240 shares. Bryn Mawr Com owns 192,976 shares for 0.7% of their portfolio.

Among 8 analysts covering MDC Partners (NASDAQ:MDCA), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. MDC Partners had 32 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, October 12 report. The rating was maintained by RBC Capital Markets on Monday, July 3 with “Hold”. The stock of MDC Partners Inc. (NASDAQ:MDCA) earned “Buy” rating by BMO Capital Markets on Monday, September 11. The firm earned “Outperform” rating on Friday, February 17 by BMO Capital Markets. RBC Capital Markets maintained it with “Hold” rating and $1000 target in Friday, August 4 report. The rating was downgraded by BMO Capital Markets to “Market Perform” on Friday, November 4. Wedbush initiated MDC Partners Inc. (NASDAQ:MDCA) on Tuesday, July 28 with “Outperform” rating. As per Thursday, February 16, the company rating was upgraded by Jefferies. Telsey Advisory Group upgraded the stock to “Outperform” rating in Wednesday, November 2 report. The rating was downgraded by Wells Fargo on Friday, November 4 to “Market Perform”.

Analysts await MDC Partners Inc. (NASDAQ:MDCA) to report earnings on February, 26. They expect $0.24 earnings per share, down 36.84% or $0.14 from last year’s $0.38 per share. MDCA’s profit will be $14.01 million for 9.38 P/E if the $0.24 EPS becomes a reality. After $0.24 actual earnings per share reported by MDC Partners Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 1.29 in 2017 Q3. Its down 0.16, from 1.45 in 2017Q2. It fall, as 9 investors sold MDCA shares while 39 reduced holdings. 25 funds opened positions while 37 raised stakes. 45.38 million shares or 0.81% less from 45.75 million shares in 2017Q2 were reported. 11,202 are held by Palo Cap. Kings Point Mngmt holds 0% of its portfolio in MDC Partners Inc. (NASDAQ:MDCA) for 1,347 shares. Rhumbline Advisers, Massachusetts-based fund reported 64,481 shares. 12,512 are held by Fiera Capital. 25,906 are held by Voya Investment Mgmt Ltd Com. Mhr Fund Mngmt Ltd Company reported 305,000 shares or 0.15% of all its holdings. Jane Street Ltd Liability has invested 0% of its portfolio in MDC Partners Inc. (NASDAQ:MDCA). Pdt Lc accumulated 167,600 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% of its portfolio in MDC Partners Inc. (NASDAQ:MDCA). Gsa Cap Prns Llp has 0.06% invested in MDC Partners Inc. (NASDAQ:MDCA) for 81,528 shares. Vanguard Grp invested in 1.62M shares or 0% of the stock. Omega Advsr reported 45,000 shares stake. Bnp Paribas Arbitrage Sa holds 0% in MDC Partners Inc. (NASDAQ:MDCA) or 5,200 shares. Fifth Third Fincl Bank owns 257 shares or 0% of their US portfolio. Amer Century Companies reported 0% stake.

Frontfour Capital Group Llc, which manages about $447.90 million and $545.17M US Long portfolio, upped its stake in Centurylink Inc (NYSE:CTL) by 351,657 shares to 676,763 shares, valued at $12.79M in 2017Q3, according to the filing. It also increased its holding in Granite Real Estate Invt Tr by 322,716 shares in the quarter, for a total of 559,116 shares, and has risen its stake in Zayo Group Hldgs Inc (NYSE:ZAYO).

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