Blue Harbour Group LP Boosted Its Mednax (MD) Holding by $84.41 Million; As Foot Locker (FL) Shares Declined, Holder State Street Decreased Stake

May 1, 2018 - By Henry Gaston

MEDNAX, Inc. (NYSE:MD) Logo

State Street Corp decreased its stake in Foot Locker Inc (FL) by 17.54% based on its latest 2017Q4 regulatory filing with the SEC. State Street Corp sold 1.00M shares as the company’s stock declined 6.67% with the market. The institutional investor held 4.70M shares of the consumer services company at the end of 2017Q4, valued at $220.52 million, down from 5.70 million at the end of the previous reported quarter. State Street Corp who had been investing in Foot Locker Inc for a number of months, seems to be less bullish one the $4.92B market cap company. The stock decreased 3.30% or $1.42 during the last trading session, reaching $41.66. About 539,309 shares traded. Foot Locker, Inc. (NYSE:FL) has declined 39.41% since May 1, 2017 and is downtrending. It has underperformed by 50.96% the S&P500.




Clifton S. Robbins increased its stake in Mednax Inc (MD) by 63.23% based on its latest 2017Q4 regulatory filing with the SEC. Blue Harbour Group Lp bought 1.59 million shares as the company’s stock rose 2.30% while stock markets declined. The hedge fund run by Clifton S. Robbins held 4.11M shares of the health care company at the end of 2017Q4, valued at $219.71M, up from 2.52 million at the end of the previous reported quarter. Blue Harbour Group Lp who had been investing in Mednax Inc for a number of months, seems to be bullish on the $3.99 billion market cap company. The stock decreased 6.82% or $3.13 during the last trading session, reaching $42.78. About 548,849 shares traded. MEDNAX, Inc. (NYSE:MD) has declined 21.42% since May 1, 2017 and is downtrending. It has underperformed by 32.97% the S&P500.

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. Raymond James downgraded MEDNAX, Inc. (NYSE:MD) on Thursday, October 27 to “Mkt Perform” rating. Dougherty & Company maintained MEDNAX, Inc. (NYSE:MD) on Friday, July 31 with “Buy” rating. The stock of MEDNAX, Inc. (NYSE:MD) earned “Hold” rating by Robert W. Baird on Thursday, February 8. The company was maintained on Thursday, February 8 by Stephens. The rating was maintained by Robert W. Baird with “Neutral” on Friday, November 3. The rating was maintained by Robert W. Baird with “Hold” on Thursday, October 5. The stock of MEDNAX, Inc. (NYSE:MD) has “Hold” rating given on Monday, September 7 by Zacks. The rating was initiated by Citigroup on Friday, October 2 with “Neutral”. The stock has “Hold” rating by Jefferies on Monday, June 5. Mizuho maintained the shares of MD in report on Friday, October 28 with “Buy” rating.

State Street Corp, which manages about $1243.53 billion US Long portfolio, upped its stake in Powell Industries Inc (NASDAQ:POWL) by 11,043 shares to 272,280 shares, valued at $7.80 million in 2017Q4, according to the filing. It also increased its holding in Globus Medical Inc (NYSE:GMED) by 58,017 shares in the quarter, for a total of 2.50M shares, and has risen its stake in Darling Ingredients Inc (NYSE:DAR).

Since January 9, 2018, it had 0 insider purchases, and 5 sales for $3.34 million activity. Kimble Lewis Phillip also sold $471,647 worth of Foot Locker, Inc. (NYSE:FL) on Monday, March 12. $1.25M worth of Foot Locker, Inc. (NYSE:FL) shares were sold by Johnson Richard A. GILBERT JAROBIN JR sold $65,161 worth of stock or 1,500 shares. MCKENNA MATTHEW M sold $499,339 worth of Foot Locker, Inc. (NYSE:FL) on Tuesday, January 9.

Among 32 analysts covering Foot Locker Inc. (NYSE:FL), 18 have Buy rating, 1 Sell and 13 Hold. Therefore 56% are positive. Foot Locker Inc. had 137 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, August 21, the company rating was maintained by Telsey Advisory Group. The rating was maintained by Robert W. Baird with “Hold” on Friday, September 22. On Friday, November 17 the stock rating was upgraded by Deutsche Bank to “Buy”. As per Monday, August 24, the company rating was maintained by Deutsche Bank. The company was maintained on Tuesday, September 19 by Jefferies. Wedbush maintained Foot Locker, Inc. (NYSE:FL) rating on Thursday, January 25. Wedbush has “Buy” rating and $59.0 target. Cowen & Co maintained Foot Locker, Inc. (NYSE:FL) rating on Thursday, November 9. Cowen & Co has “Hold” rating and $33.0 target. The stock has “Buy” rating by B. Riley & Co on Monday, August 22. On Wednesday, November 15 the stock rating was maintained by Canaccord Genuity with “Hold”. Piper Jaffray maintained the stock with “Hold” rating in Friday, September 29 report.

Foot Locker, Inc. (NYSE:FL) Institutional Positions Chart

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