White Pine Capital Position in American Eagle Outfitters (AEO) Has Lowered by $1.02 Million as Stock Value Rose; Earnest Partners Holds Holding in Mednax (MD)

April 20, 2018 - By Linda Rogers

American Eagle Outfitters, Inc. (NYSE:AEO) Logo

White Pine Capital Llc decreased its stake in American Eagle Outfitters (AEO) by 30.4% based on its latest 2017Q4 regulatory filing with the SEC. White Pine Capital Llc sold 56,425 shares as the company’s stock rose 3.61% while stock markets declined. The institutional investor held 129,175 shares of the consumer services company at the end of 2017Q4, valued at $2.43 million, down from 185,600 at the end of the previous reported quarter. White Pine Capital Llc who had been investing in American Eagle Outfitters for a number of months, seems to be less bullish one the $3.67B market cap company. The stock decreased 3.05% or $0.65 during the last trading session, reaching $20.64. About 4.36 million shares traded or 7.72% up from the average. American Eagle Outfitters, Inc. (NYSE:AEO) has risen 39.60% since April 20, 2017 and is uptrending. It has outperformed by 28.05% the S&P500.

Earnest Partners Llc increased its stake in Mednax Inc (MD) by 48.07% based on its latest 2017Q4 regulatory filing with the SEC. Earnest Partners Llc bought 718,317 shares as the company’s stock rose 2.30% while stock markets declined. The institutional investor held 2.21 million shares of the health care company at the end of 2017Q4, valued at $118.25 million, up from 1.49M at the end of the previous reported quarter. Earnest Partners Llc who had been investing in Mednax Inc for a number of months, seems to be bullish on the $4.76 billion market cap company. The stock decreased 1.94% or $1.01 during the last trading session, reaching $50.99. About 398,069 shares traded. MEDNAX, Inc. (NYSE:MD) has declined 21.42% since April 20, 2017 and is downtrending. It has underperformed by 32.97% the S&P500.

Analysts await American Eagle Outfitters, Inc. (NYSE:AEO) to report earnings on May, 16. They expect $0.22 EPS, up 37.50% or $0.06 from last year’s $0.16 per share. AEO’s profit will be $39.08M for 23.45 P/E if the $0.22 EPS becomes a reality. After $0.44 actual EPS reported by American Eagle Outfitters, Inc. for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

White Pine Capital Llc, which manages about $341.56 million and $273.70M US Long portfolio, upped its stake in Mts Systems Corp Com (NASDAQ:MTSC) by 6,990 shares to 54,190 shares, valued at $2.91 million in 2017Q4, according to the filing. It also increased its holding in Pixelworks Inc (NASDAQ:PXLW) by 104,575 shares in the quarter, for a total of 150,575 shares, and has risen its stake in Cui Global Inc (NASDAQ:CUI).

Among 29 analysts covering American Eagle Outfitters (NYSE:AEO), 15 have Buy rating, 2 Sell and 12 Hold. Therefore 52% are positive. American Eagle Outfitters had 96 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Topeka Capital Markets on Wednesday, August 19 with “Buy”. The rating was maintained by Buckingham Research on Friday, March 9 with “Buy”. Telsey Advisory Group maintained American Eagle Outfitters, Inc. (NYSE:AEO) rating on Thursday, December 1. Telsey Advisory Group has “Market Perform” rating and $19 target. As per Monday, January 11, the company rating was downgraded by Telsey Advisory Group. The company was maintained on Monday, January 8 by SunTrust. RBC Capital Markets maintained it with “Buy” rating and $22.0 target in Thursday, March 8 report. On Wednesday, July 5 the stock rating was maintained by BMO Capital Markets with “Buy”. The firm earned “Buy” rating on Thursday, August 11 by Wunderlich. RBC Capital Markets maintained American Eagle Outfitters, Inc. (NYSE:AEO) on Tuesday, August 29 with “Buy” rating. As per Thursday, January 18, the company rating was maintained by Cowen & Co.

Among 19 analysts covering MEDNAX (NYSE:MD), 5 have Buy rating, 1 Sell and 13 Hold. Therefore 26% are positive. MEDNAX had 51 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Monday, June 5. Mizuho maintained the stock with “Buy” rating in Friday, April 29 report. The firm earned “Neutral” rating on Monday, March 7 by Susquehanna. Jefferies maintained it with “Hold” rating and $44.0 target in Thursday, November 2 report. As per Monday, September 18, the company rating was upgraded by KeyBanc Capital Markets. The firm has “Neutral” rating by Robert W. Baird given on Friday, November 3. The stock of MEDNAX, Inc. (NYSE:MD) earned “Hold” rating by Jefferies on Thursday, August 31. The rating was maintained by Robert W. Baird with “Hold” on Friday, September 1. Stifel Nicolaus maintained the shares of MD in report on Tuesday, March 8 with “Buy” rating. The firm earned “Hold” rating on Monday, September 7 by Zacks.

Earnest Partners Llc, which manages about $24.92B and $10.44 billion US Long portfolio, decreased its stake in Catalent Inc (NYSE:CTLT) by 71,382 shares to 2.50M shares, valued at $102.65M in 2017Q4, according to the filing. It also reduced its holding in Icici Bank (NYSE:IBN) by 41,597 shares in the quarter, leaving it with 18.92M shares, and cut its stake in Darden Restauran (NYSE:DRI).

MEDNAX, Inc. (NYSE:MD) Institutional Positions Chart

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