Medifast (MED) Shareholder Engaged Capital Has Trimmed Its Stake; Apple (AAPL) Valuation Declined While Rfg Advisory Group Has Lifted Holding

April 17, 2018 - By Nellie Frank

Medifast, Inc. (NYSE:MED) Logo

Glenn W. Welling decreased its stake in Medifast Inc (MED) by 66.49% based on its latest 2017Q4 regulatory filing with the SEC. Engaged Capital Llc sold 525,000 shares as the company’s stock rose 23.31% while stock markets declined. The hedge fund run by Glenn W. Welling held 264,549 shares of the packaged foods company at the end of 2017Q4, valued at $18.47M, down from 789,549 at the end of the previous reported quarter. Engaged Capital Llc who had been investing in Medifast Inc for a number of months, seems to be less bullish one the $1.21 billion market cap company. The stock increased 2.38% or $2.34 during the last trading session, reaching $100.66. About 116,185 shares traded. Medifast, Inc. (NYSE:MED) has risen 107.05% since April 17, 2017 and is uptrending. It has outperformed by 95.50% the S&P500.

Rfg Advisory Group Llc increased its stake in Apple Inc (AAPL) by 29.94% based on its latest 2017Q4 regulatory filing with the SEC. Rfg Advisory Group Llc bought 4,437 shares as the company’s stock declined 3.81% with the market. The institutional investor held 19,258 shares of the computer manufacturing company at the end of 2017Q4, valued at $3.33M, up from 14,821 at the end of the previous reported quarter. Rfg Advisory Group Llc who had been investing in Apple Inc for a number of months, seems to be bullish on the $892.11B market cap company. The stock increased 0.62% or $1.09 during the last trading session, reaching $175.82. About 20.26M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since April 17, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Investors sentiment increased to 1.33 in Q4 2017. Its up 0.33, from 1 in 2017Q3. It increased, as 14 investors sold MED shares while 56 reduced holdings. 36 funds opened positions while 57 raised stakes. 10.23 million shares or 0.32% more from 10.20 million shares in 2017Q3 were reported. First Citizens Commercial Bank & Tru holds 0.03% or 3,393 shares. Credit Suisse Ag holds 11,047 shares or 0% of its portfolio. Qs Investors Limited Liability Corp holds 39,203 shares. California Public Employees Retirement Systems owns 67,292 shares or 0.01% of their US portfolio. Mutual Of America Cap Mgmt Limited Com holds 0% in Medifast, Inc. (NYSE:MED) or 1,735 shares. State Of Alaska Department Of Revenue holds 0% or 2,098 shares. Michigan-based Seizert Cap Prtnrs Limited Liability Corporation has invested 0.13% in Medifast, Inc. (NYSE:MED). Bnp Paribas Arbitrage Sa has 32,380 shares. Dimensional Fund Advsr LP has 694,623 shares. Systematic LP stated it has 0.03% of its portfolio in Medifast, Inc. (NYSE:MED). Hillsdale Inv Management Incorporated has 21,400 shares. Citadel Advisors Lc invested in 0% or 23,169 shares. Cubist Systematic Strategies Ltd Limited Liability Company invested in 5,425 shares or 0.02% of the stock. Mason Street Advisors Llc holds 0% of its portfolio in Medifast, Inc. (NYSE:MED) for 2,731 shares. Vanguard invested in 712,002 shares or 0% of the stock.

Among 3 analysts covering Medifast (NYSE:MED), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Medifast had 7 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, November 30 by Sidoti. The stock of Medifast, Inc. (NYSE:MED) has “Buy” rating given on Monday, January 11 by Sidoti. DA Davidson initiated Medifast, Inc. (NYSE:MED) rating on Wednesday, August 16. DA Davidson has “Buy” rating and $65.0 target. Wunderlich initiated the stock with “Hold” rating in Friday, January 29 report. The firm has “Buy” rating given on Monday, October 5 by Sidoti. The stock has “Hold” rating by Zacks on Monday, August 10. DA Davidson maintained the stock with “Buy” rating in Friday, September 15 report.

Analysts await Medifast, Inc. (NYSE:MED) to report earnings on May, 3. They expect $0.86 earnings per share, up 68.63% or $0.35 from last year’s $0.51 per share. MED’s profit will be $10.35 million for 29.26 P/E if the $0.86 EPS becomes a reality. After $0.60 actual earnings per share reported by Medifast, Inc. for the previous quarter, Wall Street now forecasts 43.33% EPS growth.

Since March 8, 2018, it had 0 insider purchases, and 3 selling transactions for $4.87 million activity. $669,825 worth of Medifast, Inc. (NYSE:MED) shares were sold by CONNOLLY CHARLES P.

Engaged Capital Llc, which manages about $194.47M and $770.72M US Long portfolio, upped its stake in Benchmark Electrs Inc (NYSE:BHE) by 181,680 shares to 951,462 shares, valued at $27.69M in 2017Q4, according to the filing.

Among 54 analysts covering Apple Inc. (NASDAQ:AAPL), 35 have Buy rating, 1 Sell and 18 Hold. Therefore 65% are positive. Apple Inc. had 394 analyst reports since July 21, 2015 according to SRatingsIntel. Bernstein maintained Apple Inc. (NASDAQ:AAPL) on Monday, June 12 with “Buy” rating. Sterne Agee CRT initiated Apple Inc. (NASDAQ:AAPL) on Tuesday, September 29 with “Buy” rating. The stock of Apple Inc. (NASDAQ:AAPL) earned “Outperform” rating by BMO Capital Markets on Wednesday, July 27. As per Friday, February 12, the company rating was maintained by FBR Capital. On Thursday, December 17 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Buy” rating given on Thursday, April 5 by Citigroup. The company was maintained on Friday, November 3 by Nomura. On Thursday, September 22 the stock rating was maintained by Nomura with “Buy”. On Wednesday, August 2 the stock rating was maintained by FBN Securities with “Buy”. Robert W. Baird maintained it with “Buy” rating and $200.0 target in Monday, March 5 report.

Since December 7, 2017, it had 0 insider buys, and 4 selling transactions for $19.89 million activity. SCHILLER PHILIP W also sold $11.56M worth of Apple Inc. (NASDAQ:AAPL) shares.

Investors sentiment increased to 0.73 in 2017 Q4. Its up 0.03, from 0.7 in 2017Q3. It is positive, as 50 investors sold AAPL shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported. Mitchell holds 0.25% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 4,244 shares. Prtn Cap Mgmt Llc reported 3,822 shares. Bainco Invsts holds 134,851 shares or 2.72% of its portfolio. First Eagle Investment Limited Liability Corp owns 9,506 shares or 0% of their US portfolio. The United Kingdom-based Independent Franchise Ptnrs Limited Liability Partnership has invested 5.32% in Apple Inc. (NASDAQ:AAPL). First Foundation has invested 0.87% in Apple Inc. (NASDAQ:AAPL). Altfest L J & holds 22,974 shares or 1.48% of its portfolio. Botty Investors Ltd Liability holds 0.24% or 4,529 shares in its portfolio. Dowling Yahnke Limited Liability stated it has 2.02% of its portfolio in Apple Inc. (NASDAQ:AAPL). Levy Harkins And Inc has 10.4% invested in Apple Inc. (NASDAQ:AAPL) for 198,454 shares. Peavine Limited Com reported 0.11% of its portfolio in Apple Inc. (NASDAQ:AAPL). Moreover, Bluestein R H & has 4.57% invested in Apple Inc. (NASDAQ:AAPL) for 520,040 shares. Pettee Invsts stated it has 1.61% of its portfolio in Apple Inc. (NASDAQ:AAPL). Acg Wealth invested 3.34% in Apple Inc. (NASDAQ:AAPL). 11,750 are held by Hudson Bay Management Lp.

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