Kiltearn Partners Llp Has Raised Its Mckesson (MCK) Position by $62.40 Million; Stock Declined; As Ep Energy (EPE) Stock Value Declined, Shareholder Fir Tree Decreased Its Holding by $626,532

May 22, 2018 - By Peter Erickson

McKesson Corporation (NYSE:MCK) Logo

Kiltearn Partners Llp increased its stake in Mckesson Corp (MCK) by 28.76% based on its latest 2017Q4 regulatory filing with the SEC. Kiltearn Partners Llp bought 402,566 shares as the company’s stock declined 12.43% with the market. The institutional investor held 1.80M shares of the other pharmaceuticals company at the end of 2017Q4, valued at $281.04M, up from 1.40 million at the end of the previous reported quarter. Kiltearn Partners Llp who had been investing in Mckesson Corp for a number of months, seems to be bullish on the $30.24B market cap company. The stock increased 0.05% or $0.07 during the last trading session, reaching $146.57. About 643,151 shares traded. McKesson Corporation (NYSE:MCK) has declined 6.57% since May 22, 2017 and is downtrending. It has underperformed by 18.12% the S&P500.

Jeffrey Tannenbaum decreased its stake in Ep Energy Corp (EPE) by 12.77% based on its latest 2017Q4 regulatory filing with the SEC. Fir Tree Inc sold 313,266 shares as the company’s stock declined 33.49% with the market. The hedge fund run by Jeffrey Tannenbaum held 2.14 million shares of the oil & gas production company at the end of 2017Q4, valued at $5.05 million, down from 2.45 million at the end of the previous reported quarter. Fir Tree Inc who had been investing in Ep Energy Corp for a number of months, seems to be less bullish one the $824.83M market cap company. The stock decreased 1.08% or $0.04 during the last trading session, reaching $3.27. About 795,552 shares traded. EP Energy Corporation (NYSE:EPE) has declined 67.45% since May 22, 2017 and is downtrending. It has underperformed by 79.00% the S&P500.

Kiltearn Partners Llp, which manages about $3.16B and $4.00B US Long portfolio, decreased its stake in American Express Co (NYSE:AXP) by 453,320 shares to 2.03 million shares, valued at $201.29M in 2017Q4, according to the filing.

More notable recent McKesson Corporation (NYSE:MCK) news were published by: Seekingalpha.com which released: “More states sue over opioid epidemic” on May 16, 2018, also Streetinsider.com with their article: “McKesson (MCK) implied volatility elevated into Q2” published on May 22, 2018, Streetinsider.com published: “Rite Aid (RAD)/Albertsons More Likely to Depart McKesson (MCK), a Positive for AmerisourceBergen (ABC) – RBC” on May 15, 2018. More interesting news about McKesson Corporation (NYSE:MCK) were released by: Seekingalpha.com and their article: “McKesson launches growth initiative, sees non-GAAP EPS as high as $12.80” published on April 25, 2018 as well as Seekingalpha.com‘s news article titled: “McKesson To Acquire MSD For Medical Supply Distribution” with publication date: May 07, 2018.

Investors sentiment decreased to 0.79 in 2017 Q4. Its down 0.09, from 0.88 in 2017Q3. It dropped, as 73 investors sold MCK shares while 310 reduced holdings. 79 funds opened positions while 222 raised stakes. 177.79 million shares or 1.25% less from 180.04 million shares in 2017Q3 were reported. California-based Knightsbridge Asset Llc has invested 4.99% in McKesson Corporation (NYSE:MCK). Baystate Wealth Mgmt Llc reported 0.01% in McKesson Corporation (NYSE:MCK). Sva Plumb Wealth Management Limited Company invested in 0.31% or 17,015 shares. Putnam Invs Limited Liability Co invested in 0.31% or 890,524 shares. Soros Fund Mngmt Lc stated it has 0.2% in McKesson Corporation (NYSE:MCK). Schroder Invest Mgmt Group Inc accumulated 822,506 shares. Clark Estates Ny invested in 22,500 shares or 0.58% of the stock. Asset Management Incorporated has invested 0.06% in McKesson Corporation (NYSE:MCK). Milestone Inc has invested 0.03% in McKesson Corporation (NYSE:MCK). Moreover, First Heartland Consultants Incorporated has 0.35% invested in McKesson Corporation (NYSE:MCK). Wetherby Asset Management Inc has 0.13% invested in McKesson Corporation (NYSE:MCK). Cornerstone Inc has invested 0.01% of its portfolio in McKesson Corporation (NYSE:MCK). Westpac reported 0.22% stake. Capital Rech Global Investors holds 350,000 shares or 0.02% of its portfolio. Point72 Asia (Hong Kong) Ltd stated it has 0.16% in McKesson Corporation (NYSE:MCK).

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. McKesson Corporation had 83 analyst reports since July 31, 2015 according to SRatingsIntel. The company was maintained on Wednesday, January 24 by Mizuho. The stock has “Neutral” rating by UBS on Thursday, October 6. The stock of McKesson Corporation (NYSE:MCK) earned “Sell” rating by Credit Suisse on Thursday, November 9. The firm earned “Hold” rating on Tuesday, April 4 by Needham. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, September 14 report. On Wednesday, January 18 the stock rating was upgraded by Avondale to “Mkt Outperform”. The company was maintained on Wednesday, April 18 by Cowen & Co. The company was maintained on Wednesday, January 17 by Robert W. Baird. The rating was maintained by S&P Research on Friday, July 31 with “Buy”. The stock of McKesson Corporation (NYSE:MCK) earned “Hold” rating by Standpoint Research on Friday, November 11.

Since December 14, 2017, it had 0 insider purchases, and 2 selling transactions for $10.61 million activity. On Thursday, March 1 the insider Lampert Erin M sold $211,071.

Analysts await EP Energy Corporation (NYSE:EPE) to report earnings on August, 1. They expect $-0.04 EPS, up 60.00% or $0.06 from last year’s $-0.1 per share. After $-0.07 actual EPS reported by EP Energy Corporation for the previous quarter, Wall Street now forecasts -42.86% EPS growth.

Fir Tree Inc, which manages about $18.45B and $3.71 billion US Long portfolio, upped its stake in Sandridge Energy Inc by 560,000 shares to 2.50M shares, valued at $52.60 million in 2017Q4, according to the filing. It also increased its holding in Mgm Resorts International (NYSE:MGM) by 2.17M shares in the quarter, for a total of 3.63M shares, and has risen its stake in Silver Run Acquisition.

EP Energy Corporation (NYSE:EPE) Institutional Positions Chart

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