Argentiere Capital Ag Stake in Incyte (INCY) Has Decreased by $2.35 Million as Share Value Declined; As Prestige Brands Hldgs (PBH) Share Value Declined, Holder Manor Road Capital Partners Decreased Holding by $6.34 Million

April 18, 2018 - By Matt Maslow

Prestige Brands Holdings, Inc. (NYSE:PBH) Logo

John Ku decreased its stake in Prestige Brands Hldgs Inc (PBH) by 2.93% based on its latest 2017Q4 regulatory filing with the SEC. Manor Road Capital Partners Llc sold 144,000 shares as the company’s stock declined 24.62% with the market. The hedge fund run by John Ku held 4.78 million shares of the health care company at the end of 2017Q4, valued at $212.10 million, down from 4.92 million at the end of the previous reported quarter. Manor Road Capital Partners Llc who had been investing in Prestige Brands Hldgs Inc for a number of months, seems to be less bullish one the $1.67B market cap company. The stock decreased 1.04% or $0.33 during the last trading session, reaching $31.49. About 427,881 shares traded. Prestige Brands Holdings, Inc. (NYSE:PBH) has declined 40.38% since April 18, 2017 and is downtrending. It has underperformed by 51.93% the S&P500.

Argentiere Capital Ag decreased its stake in Incyte Corp (INCY) by 55.56% based on its latest 2017Q4 regulatory filing with the SEC. Argentiere Capital Ag sold 25,000 shares as the company’s stock declined 11.25% with the market. The hedge fund held 20,000 shares of the commercial physical & biological resarch company at the end of 2017Q4, valued at $1.89M, down from 45,000 at the end of the previous reported quarter. Argentiere Capital Ag who had been investing in Incyte Corp for a number of months, seems to be less bullish one the $14.86B market cap company. The stock decreased 0.55% or $0.38 during the last trading session, reaching $70.14. About 780,703 shares traded. Incyte Corporation (NASDAQ:INCY) has declined 39.22% since April 18, 2017 and is downtrending. It has underperformed by 50.77% the S&P500.

Among 27 analysts covering Incyte (NASDAQ:INCY), 20 have Buy rating, 0 Sell and 7 Hold. Therefore 74% are positive. Incyte had 88 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets initiated Incyte Corporation (NASDAQ:INCY) on Wednesday, July 13 with “Outperform” rating. As per Tuesday, June 20, the company rating was maintained by Jefferies. Barclays Capital maintained it with “Overweight” rating and $165 target in Wednesday, August 2 report. As per Friday, April 6, the company rating was maintained by SunTrust. The stock of Incyte Corporation (NASDAQ:INCY) earned “Outperform” rating by RBC Capital Markets on Wednesday, February 15. Gabelli downgraded the shares of INCY in report on Monday, April 9 to “Hold” rating. The rating was upgraded by Vetr on Monday, September 7 to “Hold”. The stock of Incyte Corporation (NASDAQ:INCY) earned “Buy” rating by Jefferies on Wednesday, September 9. The firm has “Hold” rating by Oppenheimer given on Tuesday, July 25. The stock has “Buy” rating by Brean Capital on Wednesday, August 5.

Since January 5, 2018, it had 0 insider buys, and 3 sales for $1.00 million activity. The insider Huber Reid M sold $167,507.

Analysts await Incyte Corporation (NASDAQ:INCY) to report earnings on May, 1 before the open. They expect $-0.10 EPS, up 89.58% or $0.86 from last year’s $-0.96 per share. After $0.02 actual EPS reported by Incyte Corporation for the previous quarter, Wall Street now forecasts -600.00% negative EPS growth.

Investors sentiment increased to 1.06 in 2017 Q4. Its up 0.02, from 1.04 in 2017Q3. It is positive, as 59 investors sold INCY shares while 141 reduced holdings. 59 funds opened positions while 153 raised stakes. 191.73 million shares or 1.46% more from 188.97 million shares in 2017Q3 were reported. Css Lc Il holds 26,436 shares or 0.12% of its portfolio. Bnp Paribas Arbitrage Sa has invested 0.02% in Incyte Corporation (NASDAQ:INCY). Nomura Incorporated reported 11,320 shares. Parametric Port Associates Lc reported 233,760 shares. Polar Llp holds 42,500 shares. Twin Focus Prtn Lc accumulated 0.12% or 2,500 shares. Schwab Charles Invest Management holds 0.04% of its portfolio in Incyte Corporation (NASDAQ:INCY) for 580,267 shares. 6,412 are held by Ls Advsr Limited Liability Corporation. Eagle Asset Management has 277,190 shares for 0.14% of their portfolio. Sumitomo Mitsui Asset Limited stated it has 12,696 shares. 48,704 were accumulated by Cullen Frost Bankers. Pnc Financial Svcs Group Inc holds 0% in Incyte Corporation (NASDAQ:INCY) or 41,141 shares. Deutsche Bancorp Ag reported 1.08M shares stake. Texas-based Texas Permanent School Fund has invested 0.06% in Incyte Corporation (NASDAQ:INCY). Endurant Cap Mgmt LP has invested 0.21% in Incyte Corporation (NASDAQ:INCY).

Manor Road Capital Partners Llc, which manages about $404.00 million and $669.64M US Long portfolio, upped its stake in Monro Inc (NASDAQ:MNRO) by 420,000 shares to 600,000 shares, valued at $34.17M in 2017Q4, according to the filing.

Among 10 analysts covering Prestige Brands Holdings (NYSE:PBH), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Prestige Brands Holdings had 24 analyst reports since August 11, 2015 according to SRatingsIntel. As per Friday, February 2, the company rating was downgraded by DA Davidson. DA Davidson downgraded the stock to “Neutral” rating in Monday, February 5 report. The stock of Prestige Brands Holdings, Inc. (NYSE:PBH) has “Buy” rating given on Friday, August 12 by Sidoti. The stock of Prestige Brands Holdings, Inc. (NYSE:PBH) earned “Hold” rating by Jefferies on Wednesday, August 12. KeyBanc Capital Markets maintained it with “Overweight” rating and $43 target in Monday, February 5 report. The firm earned “Outperform” rating on Wednesday, November 15 by BMO Capital Markets. Jefferies reinitiated the shares of PBH in report on Friday, June 2 with “Hold” rating. The firm has “Hold” rating given on Tuesday, September 19 by Jefferies. The stock of Prestige Brands Holdings, Inc. (NYSE:PBH) earned “Hold” rating by Jefferies on Thursday, November 2. The firm has “Buy” rating given on Tuesday, December 27 by B. Riley & Co.

Analysts await Prestige Brands Holdings, Inc. (NYSE:PBH) to report earnings on May, 10 before the open. They expect $0.61 EPS, up 12.96% or $0.07 from last year’s $0.54 per share. PBH’s profit will be $32.35M for 12.91 P/E if the $0.61 EPS becomes a reality. After $0.70 actual EPS reported by Prestige Brands Holdings, Inc. for the previous quarter, Wall Street now forecasts -12.86% negative EPS growth.

Investors sentiment decreased to 1.12 in 2017 Q4. Its down 0.52, from 1.64 in 2017Q3. It is negative, as 26 investors sold PBH shares while 72 reduced holdings. 33 funds opened positions while 77 raised stakes. 59.33 million shares or 5.79% more from 56.08 million shares in 2017Q3 were reported. Moreover, Evercore Wealth Mngmt Lc has 0% invested in Prestige Brands Holdings, Inc. (NYSE:PBH) for 50 shares. Hutchin Hill Lp has 4,600 shares. Champlain Investment Prtn Lc owns 1.13 million shares. Gator Capital Mngmt reported 0.25% of its portfolio in Prestige Brands Holdings, Inc. (NYSE:PBH). 1.54 million are owned by Neuberger Berman Grp Inc Ltd Llc. Parametric Portfolio Ltd Liability Corp has 476,937 shares. 30,110 were accumulated by Aperio Group. Amalgamated Retail Bank invested in 7,803 shares. Gemmer Asset Mgmt Ltd Liability Corp holds 0% of its portfolio in Prestige Brands Holdings, Inc. (NYSE:PBH) for 91 shares. Teachers Insurance & Annuity Association Of America holds 0.05% of its portfolio in Prestige Brands Holdings, Inc. (NYSE:PBH) for 22,172 shares. Amer Inc invested in 0.02% or 144,554 shares. Johnson Counsel reported 0.02% stake. State Board Of Administration Of Florida Retirement reported 0% in Prestige Brands Holdings, Inc. (NYSE:PBH). Loomis Sayles LP stated it has 599,028 shares. Polar Asset Ptnrs Incorporated holds 329,700 shares or 0.23% of its portfolio.

Prestige Brands Holdings, Inc. (NYSE:PBH) Institutional Positions Chart

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