Santa Barbara Asset Management Decreased Its Medtronic Plc (MDT) Stake; Regional Management Has 1.17 Sentiment

November 15, 2017 - By Louis Casey

Santa Barbara Asset Management Llc decreased Medtronic Plc (MDT) stake by 1.09% reported in 2017Q2 SEC filing. Santa Barbara Asset Management Llc sold 20,929 shares as Medtronic Plc (MDT)’s stock rose 5.51%. The Santa Barbara Asset Management Llc holds 1.90M shares with $168.66 million value, down from 1.92M last quarter. Medtronic Plc now has $107.23B valuation. The stock declined 1.40% or $1.11 reaching $78.05 per share. About 33,760 shares traded. Medtronic plc. Ordinary Shares (NYSE:MDT) has risen 4.04% since November 15, 2016 and is uptrending. It has underperformed by 12.66% the S&P500.




Regional Management Corp. is a diversified consumer finance company. The company has market cap of $257.72 million. The Firm provides an array of loan products primarily to clients with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. It has a 10.16 P/E ratio. The Company’s products include small loans, large loans, automobile loans, retail loans, and optional payment and collateral protection insurance products.

Among 27 analysts covering Medtronic (NYSE:MDT), 17 have Buy rating, 0 Sell and 10 Hold. Therefore 63% are positive. Medtronic had 70 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Barclays Capital on Wednesday, November 23. The rating was maintained by SunTrust with “Buy” on Monday, June 13. The firm has “Neutral” rating given on Thursday, June 9 by Guggenheim. RBC Capital Markets maintained the shares of MDT in report on Friday, September 22 with “Buy” rating. The firm earned “Hold” rating on Wednesday, November 23 by Stifel Nicolaus. As per Wednesday, September 27, the company rating was maintained by Cowen & Co. The rating was maintained by BMO Capital Markets on Friday, September 29 with “Buy”. The firm has “Buy” rating by UBS given on Friday, August 26. The stock has “Buy” rating by Oppenheimer on Thursday, March 23. BMO Capital Markets maintained it with “Buy” rating and $89.0 target in Friday, November 10 report.

Analysts await Medtronic plc. Ordinary Shares (NYSE:MDT) to report earnings on November, 21 before the open. They expect $0.96 earnings per share, down 14.29% or $0.16 from last year’s $1.12 per share. MDT’s profit will be $1.32 billion for 20.33 P/E if the $0.96 EPS becomes a reality. After $1.12 actual earnings per share reported by Medtronic plc. Ordinary Shares for the previous quarter, Wall Street now forecasts -14.29% negative EPS growth.

Investors sentiment decreased to 0.9 in 2017 Q2. Its down 0.06, from 0.96 in 2017Q1. It dropped, as 72 investors sold MDT shares while 449 reduced holdings. 99 funds opened positions while 370 raised stakes. 1.06 billion shares or 2.23% less from 1.08 billion shares in 2017Q1 were reported. Murphy Capital Mngmt holds 5,500 shares. Credit Suisse Ag, Switzerland-based fund reported 2.47 million shares. Palisade Asset Mgmt Ltd Llc accumulated 31,364 shares or 0.55% of the stock. Auxier Asset Mngmt owns 146,998 shares. Folger Nolan Fleming Douglas Cap Mngmt owns 4,831 shares or 0.07% of their US portfolio. Raymond James Fincl Services Advsr holds 183,514 shares. Lipe And Dalton, a New York-based fund reported 17,233 shares. 9,775 are owned by Yhb Investment Advsr. Freestone Cap Ltd Liability Corp invested 0.14% in Medtronic plc. Ordinary Shares (NYSE:MDT). Nwq Inv Ltd Liability Corporation has invested 0% of its portfolio in Medtronic plc. Ordinary Shares (NYSE:MDT). Whalerock Point Partners Limited Liability Corporation has 0.15% invested in Medtronic plc. Ordinary Shares (NYSE:MDT) for 4,598 shares. Integral Derivatives Limited Liability Company holds 0.01% in Medtronic plc. Ordinary Shares (NYSE:MDT) or 6,616 shares. Granite accumulated 121,672 shares. World Asset Mngmt reported 0.39% stake. Retail Bank Of America De invested in 0.3% or 16.99M shares.

Analysts await Regional Management Corp (NYSE:RM) to report earnings on February, 6. They expect $0.62 EPS, up 10.71% or $0.06 from last year’s $0.56 per share. RM’s profit will be $7.23M for 8.91 P/E if the $0.62 EPS becomes a reality. After $0.58 actual EPS reported by Regional Management Corp for the previous quarter, Wall Street now forecasts 6.90% EPS growth.

Tieton Capital Management Llc holds 5.77% of its portfolio in Regional Management Corp for 264,675 shares. Second Curve Capital Llc owns 378,034 shares or 3.2% of their US portfolio. Moreover, Signia Capital Management Llc has 2.05% invested in the company for 81,724 shares. The New York-based Basswood Capital Management L.L.C. has invested 1.51% in the stock. Pacific Global Investment Management Co, a California-based fund reported 103,675 shares.

It closed at $22.09 lastly. It is down 29.27% since November 15, 2016 and is uptrending. It has outperformed by 12.57% the S&P500.

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