Meritage Homes (MTH) Reaches $46.95 After 4.00% Down Move; British Columbia Investment Management Cut Mednax (MD) Holding

February 5, 2018 - By Peter Erickson

British Columbia Investment Management Corp decreased Mednax Inc (MD) stake by 27.56% reported in 2017Q3 SEC filing. British Columbia Investment Management Corp sold 19,776 shares as Mednax Inc (MD)’s stock declined 21.94%. The British Columbia Investment Management Corp holds 51,969 shares with $2.24M value, down from 71,745 last quarter. Mednax Inc now has $4.76 billion valuation. The stock decreased 0.35% or $0.18 during the last trading session, reaching $51.3. About 539,140 shares traded. MEDNAX, Inc. (NYSE:MD) has declined 18.20% since February 5, 2017 and is downtrending. It has underperformed by 34.90% the S&P500.

The stock of Meritage Homes Corporation (NYSE:MTH) is a huge mover today! The stock decreased 4.09% or $2 during the last trading session, reaching $46.95. About 196,472 shares traded. Meritage Homes Corporation (NYSE:MTH) has risen 18.92% since February 5, 2017 and is uptrending. It has outperformed by 2.22% the S&P500.The move comes after 8 months negative chart setup for the $1.89B company. It was reported on Feb, 5 by Barchart.com. We have $45.07 PT which if reached, will make NYSE:MTH worth $75.72 million less.




British Columbia Investment Management Corp increased Tiffany & Co New (NYSE:TIF) stake by 5,485 shares to 69,144 valued at $6.35M in 2017Q3. It also upped Western Digital Corp (NASDAQ:WDC) stake by 8,776 shares and now owns 191,964 shares. Valero Energy Corp New (NYSE:VLO) was raised too.

Among 17 analysts covering MEDNAX (NYSE:MD), 4 have Buy rating, 1 Sell and 12 Hold. Therefore 24% are positive. MEDNAX had 43 analyst reports since July 31, 2015 according to SRatingsIntel. Jefferies maintained MEDNAX, Inc. (NYSE:MD) on Monday, June 5 with “Hold” rating. The company was upgraded on Monday, August 31 by Zacks. On Thursday, November 2 the stock rating was maintained by Jefferies with “Hold”. On Monday, March 7 the stock rating was downgraded by Susquehanna to “Neutral”. As per Thursday, August 31, the company rating was maintained by Stifel Nicolaus. The stock has “Neutral” rating by Mizuho on Tuesday, May 30. Citigroup maintained MEDNAX, Inc. (NYSE:MD) on Wednesday, August 17 with “Neutral” rating. The rating was initiated by Citigroup on Friday, October 2 with “Neutral”. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, March 8. KeyBanc Capital Markets maintained the shares of MD in report on Monday, December 4 with “Buy” rating.

Analysts await MEDNAX, Inc. (NYSE:MD) to report earnings on February, 6. They expect $0.79 EPS, down 16.84% or $0.16 from last year’s $0.95 per share. MD’s profit will be $73.24M for 16.23 P/E if the $0.79 EPS becomes a reality. After $0.82 actual EPS reported by MEDNAX, Inc. for the previous quarter, Wall Street now forecasts -3.66% negative EPS growth.

Analysts await Meritage Homes Corporation (NYSE:MTH) to report earnings on February, 7. They expect $1.25 earnings per share, up 2.46% or $0.03 from last year’s $1.22 per share. MTH’s profit will be $50.40 million for 9.39 P/E if the $1.25 EPS becomes a reality. After $1.02 actual earnings per share reported by Meritage Homes Corporation for the previous quarter, Wall Street now forecasts 22.55% EPS growth.

Among 18 analysts covering Meritage (NYSE:MTH), 3 have Buy rating, 2 Sell and 13 Hold. Therefore 17% are positive. Meritage had 53 analyst reports since July 30, 2015 according to SRatingsIntel. JP Morgan maintained Meritage Homes Corporation (NYSE:MTH) on Monday, November 2 with “Neutral” rating. The rating was downgraded by UBS on Wednesday, August 12 to “Neutral”. The firm earned “Buy” rating on Friday, September 11 by Deutsche Bank. The rating was upgraded by JP Morgan to “Overweight” on Wednesday, January 13. The firm has “Outperform” rating by FBN Securities given on Tuesday, January 5. The rating was maintained by Wood on Friday, April 28 with “Hold”. The firm has “Hold” rating by Evercore given on Friday, October 30. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Tuesday, August 1 report. Evercore downgraded the shares of MTH in report on Monday, January 30 to “Hold” rating. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, October 4.

Meritage Homes Corporation designs and manufactures single-family homes in the United States. The company has market cap of $1.89 billion. The firm operates through two divisions, Homebuilding and Financial Services. It has a 13.77 P/E ratio. It acquires and develops land; and constructs, markets, and sells homes for various homebuyers, including first-time, move-up, active adult, and luxury under the Meritage Homes and Monterey Homes brand names.

Investors sentiment increased to 1.25 in Q3 2017. Its up 0.07, from 1.18 in 2017Q2. It increased, as 14 investors sold Meritage Homes Corporation shares while 41 reduced holdings. 14 funds opened positions while 55 raised stakes. 40.81 million shares or 4.31% more from 39.12 million shares in 2017Q2 were reported. Financial Bank Of America Corp De has 343,343 shares for 0% of their portfolio. Sei Invs has 7,287 shares. 316,412 were reported by Citadel Advisors Ltd Liability Corp. Balyasny Asset Mgmt Ltd Llc has invested 0.08% in Meritage Homes Corporation (NYSE:MTH). Denali Ltd Liability Corp invested in 21 shares. Pinebridge Lp accumulated 0.04% or 41,695 shares. Oklahoma-based Pinnacle Hldgs Ltd Liability Company has invested 0% in Meritage Homes Corporation (NYSE:MTH). Stifel Financial stated it has 0% of its portfolio in Meritage Homes Corporation (NYSE:MTH). Germany-based Deutsche Bancshares Ag has invested 0.01% in Meritage Homes Corporation (NYSE:MTH). Comerica Bancorp has invested 0.01% of its portfolio in Meritage Homes Corporation (NYSE:MTH). Hutchin Hill Cap Limited Partnership reported 5,000 shares. Northern Tru stated it has 0.01% of its portfolio in Meritage Homes Corporation (NYSE:MTH). Moreover, Envestnet Asset Incorporated has 0% invested in Meritage Homes Corporation (NYSE:MTH). Rhumbline Advisers holds 0.01% of its portfolio in Meritage Homes Corporation (NYSE:MTH) for 80,730 shares. Manufacturers Life The holds 28,971 shares or 0% of its portfolio.

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