Founders Capital Management Has Lifted Stake in Mckesson (MCK) by $342,720; Brenham Capital Management LP Decreased Gulfport Energy (GPOR) Holding by $30.10 Million

February 25, 2018 - By Nellie Frank

Brenham Capital Management Lp decreased its stake in Gulfport Energy Corp (GPOR) by 37.72% based on its latest 2017Q3 regulatory filing with the SEC. Brenham Capital Management Lp sold 2.15M shares as the company’s stock declined 17.30% while stock markets rallied. The institutional investor held 3.55 million shares of the oil & gas production company at the end of 2017Q3, valued at $50.91 million, down from 5.70M at the end of the previous reported quarter. Brenham Capital Management Lp who had been investing in Gulfport Energy Corp for a number of months, seems to be less bullish one the $1.82B market cap company. The stock increased 3.54% or $0.34 during the last trading session, reaching $9.94. About 5.80M shares traded or 32.29% up from the average. Gulfport Energy Corporation (NASDAQ:GPOR) has declined 45.17% since February 25, 2017 and is downtrending. It has underperformed by 61.87% the S&P500.

Founders Capital Management Llc increased its stake in Mckesson Corporation (MCK) by 6% based on its latest 2017Q3 regulatory filing with the SEC. Founders Capital Management Llc bought 2,240 shares as the company’s stock rose 1.84% with the market. The institutional investor held 39,592 shares of the other pharmaceuticals company at the end of 2017Q3, valued at $6.08 million, up from 37,352 at the end of the previous reported quarter. Founders Capital Management Llc who had been investing in Mckesson Corporation for a number of months, seems to be bullish on the $31.50B market cap company. The stock increased 1.71% or $2.56 during the last trading session, reaching $152.65. About 1.23M shares traded. McKesson Corporation (NYSE:MCK) has declined 15.45% since February 25, 2017 and is downtrending. It has underperformed by 32.15% the S&P500.

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. McKesson Corporation had 79 analyst reports since July 31, 2015 according to SRatingsIntel. Needham maintained McKesson Corporation (NYSE:MCK) rating on Friday, February 2. Needham has “Buy” rating and $185.0 target. RBC Capital Markets maintained it with “Outperform” rating and $190.0 target in Tuesday, January 12 report. The rating was upgraded by Robert W. Baird on Tuesday, September 19 to “Outperform”. The firm has “Buy” rating by Needham given on Wednesday, November 1. The rating was maintained by Robert W. Baird with “Buy” on Thursday, October 26. Goldman Sachs downgraded McKesson Corporation (NYSE:MCK) rating on Friday, September 16. Goldman Sachs has “Neutral” rating and $189 target. The firm has “Overweight” rating by JP Morgan given on Tuesday, May 23. The stock has “Buy” rating by Mizuho on Monday, September 21. Mizuho maintained the stock with “Neutral” rating in Tuesday, June 7 report. Mizuho maintained the shares of MCK in report on Tuesday, May 30 with “Hold” rating.

Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.07, from 0.95 in 2017Q2. It worsened, as 65 investors sold MCK shares while 296 reduced holdings. 72 funds opened positions while 246 raised stakes. 180.04 million shares or 2.23% more from 176.11 million shares in 2017Q2 were reported. Cliftonlarsonallen Wealth Advisors Ltd Liability Corporation reported 10,068 shares. South Texas Money Management Ltd has invested 0.01% in McKesson Corporation (NYSE:MCK). Diamond Hill Capital holds 3,782 shares or 0% of its portfolio. Legacy Private Tru has 6,206 shares for 0.12% of their portfolio. Winfield Assocs owns 0% invested in McKesson Corporation (NYSE:MCK) for 45 shares. Insight 2811 reported 1,601 shares. Ahl Partners Limited Liability Partnership owns 61,023 shares for 0.17% of their portfolio. Alpine Woods Limited Com, a New York-based fund reported 58,400 shares. Riverhead Management reported 24,135 shares stake. Acropolis Inv Lc holds 0.08% in McKesson Corporation (NYSE:MCK) or 3,942 shares. Zeke Capital Advsr Ltd Liability Corp stated it has 2,907 shares or 0.06% of all its holdings. Btr Cap Management has 0.06% invested in McKesson Corporation (NYSE:MCK). Yhb Investment Advisors holds 0.1% or 3,503 shares in its portfolio. Biltmore Wealth Mgmt Ltd Liability has invested 0.22% in McKesson Corporation (NYSE:MCK). State Teachers Retirement Sys reported 0.14% in McKesson Corporation (NYSE:MCK).

Founders Capital Management Llc, which manages about $193.00 million and $210.28 million US Long portfolio, decreased its stake in Home Depot Inc (NYSE:HD) by 2,567 shares to 44,166 shares, valued at $7.22 million in 2017Q3, according to the filing. It also reduced its holding in Stryker Corp (NYSE:SYK) by 4,559 shares in the quarter, leaving it with 25,440 shares, and cut its stake in Exxon Mobil Corporation (NYSE:XOM).

Since September 7, 2017, it had 0 insider purchases, and 5 sales for $121.68 million activity. On Thursday, September 7 Lampert Erin M sold $140,089 worth of McKesson Corporation (NYSE:MCK) or 900 shares.

Among 37 analysts covering Gulfport Energy Corporation (NASDAQ:GPOR), 26 have Buy rating, 1 Sell and 10 Hold. Therefore 70% are positive. Gulfport Energy Corporation had 98 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, February 18 the stock rating was maintained by Topeka Capital Markets with “Buy”. The firm has “Equal-Weight” rating given on Monday, November 20 by Barclays Capital. The firm has “Buy” rating given on Thursday, October 6 by Mizuho. Barclays Capital maintained Gulfport Energy Corporation (NASDAQ:GPOR) on Thursday, February 16 with “Overweight” rating. The rating was maintained by Jefferies on Tuesday, August 29 with “Buy”. On Thursday, November 2 the stock rating was maintained by SunTrust with “Buy”. KeyBanc Capital Markets maintained the stock with “Buy” rating in Monday, September 18 report. The firm earned “Overweight” rating on Friday, July 8 by Piper Jaffray. The company was maintained on Wednesday, January 31 by Morgan Stanley. Wells Fargo maintained Gulfport Energy Corporation (NASDAQ:GPOR) on Wednesday, January 31 with “Outperform” rating.

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