River Road Asset Management Trimmed Cardinal Health (CAH) Holding; Jmp Group Llc (JMP) Shorts Decreased By 20.35%

February 17, 2018 - By Richard Conner

River Road Asset Management Llc decreased Cardinal Health Inc. (CAH) stake by 31.51% reported in 2017Q3 SEC filing. River Road Asset Management Llc sold 249,300 shares as Cardinal Health Inc. (CAH)’s stock declined 8.93%. The River Road Asset Management Llc holds 541,950 shares with $36.27 million value, down from 791,250 last quarter. Cardinal Health Inc. now has $21.82 billion valuation. The stock increased 1.82% or $1.24 during the last trading session, reaching $69.34. About 2.56 million shares traded. Cardinal Health, Inc. (NYSE:CAH) has declined 4.95% since February 17, 2017 and is downtrending. It has underperformed by 21.65% the S&P500.

Jmp Group Llc (NYSE:JMP) had a decrease of 20.35% in short interest. JMP’s SI was 13,700 shares in February as released by FINRA. Its down 20.35% from 17,200 shares previously. With 43,200 avg volume, 0 days are for Jmp Group Llc (NYSE:JMP)’s short sellers to cover JMP’s short positions. The SI to Jmp Group Llc’s float is 0.12%. The stock increased 0.37% or $0.02 during the last trading session, reaching $5.47. About 107,797 shares traded or 223.97% up from the average. JMP Group LLC (NYSE:JMP) has risen 2.86% since February 17, 2017 and is uptrending. It has underperformed by 13.84% the S&P500.

River Road Asset Management Llc increased Transmontaigne Partners L.P. (NYSE:TLP) stake by 85,754 shares to 467,588 valued at $19.97 million in 2017Q3. It also upped Berkshire Hathaway Inc. Class (BRKB) stake by 12,724 shares and now owns 114,800 shares. Cinemark Holdings Inc. (NYSE:CNK) was raised too.

Investors sentiment increased to 0.9 in Q3 2017. Its up 0.03, from 0.87 in 2017Q2. It increased, as 63 investors sold CAH shares while 229 reduced holdings. 64 funds opened positions while 198 raised stakes. 275.05 million shares or 0.51% more from 273.65 million shares in 2017Q2 were reported. Amg Funds Ltd Liability Company invested in 19,255 shares or 0.71% of the stock. Aviva Pcl invested 0.07% of its portfolio in Cardinal Health, Inc. (NYSE:CAH). Telos Capital Mgmt holds 0.19% or 7,235 shares in its portfolio. 26,000 are held by Hennessy. Pggm Invests reported 359,553 shares. Twin Mngmt Incorporated has 0.06% invested in Cardinal Health, Inc. (NYSE:CAH) for 16,103 shares. Peak6 LP stated it has 52,082 shares. Intact Inv Mngmt reported 0.02% of its portfolio in Cardinal Health, Inc. (NYSE:CAH). Birmingham Management Inc Al reported 20,703 shares or 0.55% of all its holdings. Cleararc Capital Inc reported 8,130 shares stake. Nj State Employees Deferred Compensation Plan holds 15,000 shares. Moreover, Lsv Asset Mngmt has 0.38% invested in Cardinal Health, Inc. (NYSE:CAH). Ing Groep Nv owns 3,828 shares or 0% of their US portfolio. Louisiana State Employees Retirement reported 19,800 shares. Segall Bryant Hamill Limited Com stated it has 0% of its portfolio in Cardinal Health, Inc. (NYSE:CAH).

Among 20 analysts covering Cardinal Health (NYSE:CAH), 4 have Buy rating, 1 Sell and 15 Hold. Therefore 20% are positive. Cardinal Health had 48 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was initiated by Needham with “Hold” on Tuesday, April 4. The company was downgraded on Wednesday, December 21 by Leerink Swann. The stock of Cardinal Health, Inc. (NYSE:CAH) has “Buy” rating given on Thursday, July 13 by Credit Suisse. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, February 11 report. On Monday, March 7 the stock rating was upgraded by Goldman Sachs to “Conviction Buy”. Bank of America maintained the shares of CAH in report on Tuesday, June 7 with “Neutral” rating. On Thursday, August 3 the stock rating was maintained by Credit Suisse with “Buy”. The firm has “Hold” rating given on Thursday, February 8 by RBC Capital Markets. William Blair downgraded the shares of CAH in report on Wednesday, April 19 to “Market Perform” rating. RBC Capital Markets maintained Cardinal Health, Inc. (NYSE:CAH) on Tuesday, November 3 with “Outperform” rating.

Since January 22, 2018, it had 0 insider buys, and 1 sale for $1.37 million activity. $1.37 million worth of stock was sold by Kaufmann Michael C on Monday, January 22.

JMP Group LLC, together with its subsidiaries, provides investment banking, sales and trading, equity research, and asset management services in the United States. The company has market cap of $117.53 million. It operates through three divisions: Broker-Dealer, Asset Management, and Corporate divisions. It currently has negative earnings. The Broker-Dealer segment offers services, such as underwriting and acting as a placement agent for public and private capital markets raising transactions; and financial advisory services in mergers and acquisitions, restructuring, and other strategic transactions.

Among 5 analysts covering JMP Group (NYSE:JMP), 3 have Buy rating, 1 Sell and 1 Hold. Therefore 60% are positive. JMP Group had 8 analyst reports since September 2, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Wednesday, October 7 by Wood. The firm has “Mkt Perform” rating by Keefe Bruyette & Woods given on Friday, December 11. The firm has “Sell” rating given on Wednesday, September 2 by TheStreet. Barrington Research maintained the stock with “Outperform” rating in Monday, October 26 report. The stock of JMP Group LLC (NYSE:JMP) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, November 2. Keefe Bruyette & Woods maintained JMP Group LLC (NYSE:JMP) on Wednesday, January 10 with “Hold” rating.

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