As Cardinal Health (CAH) Stock Value Declined, Oppenheimer Asset Management Trimmed by $1.14 Million Its Holding; As Now (DNOW) Stock Declined, Osborne Partners Capital Management Has Upped Its Position by $2.87 Million

February 15, 2018 - By Marie Mckinney

Osborne Partners Capital Management Llc increased its stake in Now Inc (DNOW) by 124.69% based on its latest 2017Q3 regulatory filing with the SEC. Osborne Partners Capital Management Llc bought 220,655 shares as the company’s stock declined 12.97% while stock markets rallied. The hedge fund held 397,620 shares of the metal fabrications company at the end of 2017Q3, valued at $5.49M, up from 176,965 at the end of the previous reported quarter. Osborne Partners Capital Management Llc who had been investing in Now Inc for a number of months, seems to be bullish on the $1.06B market cap company. The stock increased 0.51% or $0.05 during the last trading session, reaching $9.8. About 3.35M shares traded or 134.16% up from the average. NOW Inc. (NYSE:DNOW) has risen 9.86% since February 15, 2017 and is uptrending. It has underperformed by 6.84% the S&P500.

Oppenheimer Asset Management Inc decreased its stake in Cardinal Health Inc (CAH) by 54.59% based on its latest 2017Q3 regulatory filing with the SEC. Oppenheimer Asset Management Inc sold 17,237 shares as the company’s stock declined 8.93% while stock markets rallied. The institutional investor held 14,340 shares of the health care company at the end of 2017Q3, valued at $960,000, down from 31,577 at the end of the previous reported quarter. Oppenheimer Asset Management Inc who had been investing in Cardinal Health Inc for a number of months, seems to be less bullish one the $21.19B market cap company. The stock increased 2.51% or $1.65 during the last trading session, reaching $67.34. About 2.42M shares traded. Cardinal Health, Inc. (NYSE:CAH) has declined 4.95% since February 15, 2017 and is downtrending. It has underperformed by 21.65% the S&P500.

Investors sentiment increased to 0.9 in 2017 Q3. Its up 0.03, from 0.87 in 2017Q2. It improved, as 63 investors sold CAH shares while 229 reduced holdings. 64 funds opened positions while 198 raised stakes. 275.05 million shares or 0.51% more from 273.65 million shares in 2017Q2 were reported. Moreover, Webster Bank & Trust N A has 0.01% invested in Cardinal Health, Inc. (NYSE:CAH) for 1,275 shares. Moreover, Axa has 0% invested in Cardinal Health, Inc. (NYSE:CAH) for 8,791 shares. 4,272 were accumulated by Intrust Bank & Trust Na. 1,003 were reported by Loring Wolcott & Coolidge Fiduciary Llp Ma. Hartford Inv Mngmt holds 81,974 shares or 0.1% of its portfolio. Hsbc Hldgs Public Ltd Com invested in 232,025 shares. The Texas-based Employees Retirement System Of Texas has invested 0.06% in Cardinal Health, Inc. (NYSE:CAH). 27,004 are owned by Riverhead Cap Mngmt Limited Liability Corp. 1St Source Bancshares has invested 0.19% in Cardinal Health, Inc. (NYSE:CAH). 244 were accumulated by Financial Svcs Corporation. Lpl Financial Limited Liability Corporation accumulated 33,151 shares. Panagora Asset Mngmt holds 21,996 shares. Welch And Forbes Ltd Liability Com has invested 0.06% in Cardinal Health, Inc. (NYSE:CAH). Assetmark Inc holds 72,262 shares or 0.05% of its portfolio. The Iowa-based Btc Cap Mngmt has invested 0.42% in Cardinal Health, Inc. (NYSE:CAH).

Since January 22, 2018, it had 0 buys, and 1 sale for $1.37 million activity.

Among 20 analysts covering Cardinal Health (NYSE:CAH), 4 have Buy rating, 1 Sell and 15 Hold. Therefore 20% are positive. Cardinal Health had 48 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was downgraded by Argus Research to “Hold” on Wednesday, November 15. The firm has “Market Perform” rating by Raymond James given on Wednesday, January 6. The company was maintained on Monday, April 24 by Leerink Swann. Goldman Sachs upgraded the shares of CAH in report on Monday, March 7 to “Conviction Buy” rating. The firm has “Hold” rating by Deutsche Bank given on Thursday, August 4. The stock has “Hold” rating by Jefferies on Tuesday, August 29. William Blair maintained the shares of CAH in report on Wednesday, August 26 with “Buy” rating. The rating was maintained by Jefferies with “Hold” on Friday, February 9. Leerink Swann downgraded the shares of CAH in report on Wednesday, December 21 to “Mkt Perform” rating. William Blair downgraded the stock to “Market Perform” rating in Wednesday, April 19 report.

Oppenheimer Asset Management Inc, which manages about $12.85 billion and $3.85 billion US Long portfolio, upped its stake in Devon Energy Corp New (NYSE:DVN) by 153,992 shares to 241,463 shares, valued at $8.86 million in 2017Q3, according to the filing. It also increased its holding in Snap On Inc (NYSE:SNA) by 11,083 shares in the quarter, for a total of 44,580 shares, and has risen its stake in Ishares Inc.

Among 11 analysts covering Now Inc (NYSE:DNOW), 4 have Buy rating, 0 Sell and 7 Hold. Therefore 36% are positive. Now Inc had 34 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Neutral” rating by JP Morgan given on Wednesday, February 24. The stock of NOW Inc. (NYSE:DNOW) earned “Buy” rating by Robert W. Baird on Friday, September 8. The firm has “Hold” rating by Cowen & Co given on Friday, October 6. Cowen & Co maintained NOW Inc. (NYSE:DNOW) on Friday, July 7 with “Hold” rating. The firm earned “Buy” rating on Sunday, October 15 by Stifel Nicolaus. The firm has “Neutral” rating given on Friday, October 13 by Robert W. Baird. On Friday, November 3 the stock rating was maintained by Credit Suisse with “Neutral”. On Thursday, November 2 the stock rating was downgraded by Susquehanna to “Hold”. As per Monday, May 29, the company rating was maintained by KeyCorp. The stock of NOW Inc. (NYSE:DNOW) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 2.

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By1 Marie Mckinney

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