As Leucadia National (LUK) Stock Declined, Ami Investment Management Boosted Its Position; Turtle Creek Asset Management Has Increased Holding in Cerner (CERN) as Stock Value Declined

June 16, 2018 - By Migdalia James

Leucadia National Corporation (NYSE:LUK) Logo

Turtle Creek Asset Management Inc increased its stake in Cerner Corp (CERN) by 46.51% based on its latest 2018Q1 regulatory filing with the SEC. Turtle Creek Asset Management Inc bought 9,000 shares as the company’s stock declined 6.71% with the market. The institutional investor held 28,350 shares of the edp services company at the end of 2018Q1, valued at $1.64M, up from 19,350 at the end of the previous reported quarter. Turtle Creek Asset Management Inc who had been investing in Cerner Corp for a number of months, seems to be bullish on the $20.53 billion market cap company. The stock increased 1.29% or $0.79 during the last trading session, reaching $61.87. About 1.80M shares traded. Cerner Corporation (NASDAQ:CERN) has declined 7.93% since June 16, 2017 and is downtrending. It has underperformed by 20.50% the S&P500. Some Historical CERN News: 02/05/2018 – Cerner Sees FY Rev $5.325B-$5.45B; 07/05/2018 – Capital Region Medical Center Selects Cerner Enterprisewide Health IT System; 02/05/2018 – Cerner 1Q Net $160M; 17/05/2018 – Lindsay Wise: BREAKING: VA signs contract with Kansas City-based Cerner Corp to modernize Veterans Affairs electronic health; 21/05/2018 – Cerner Total Authorized Buyback Now Stands at $1 Billion; 06/03/2018 – Centrus Health and Cerner Collaborate to Deliver Value-Based and Innovative Population Health Care in Kansas City; 05/03/2018 Cerner Announces New Collaboration with Salesforce to Extend Care Beyond the Exam Room; 09/05/2018 – Indiana Family and Social Services Administration Selects Cerner to Implement Electronic Health Record; 02/05/2018 – Cerner Sees FY Adj EPS $2.45-Adj EPS $2.55; 02/05/2018 – Cerner Sees 2Q Rev $1.31-$1.36B

Ami Investment Management Inc increased its stake in Leucadia National Corp (LUK) by 12.53% based on its latest 2018Q1 regulatory filing with the SEC. Ami Investment Management Inc bought 15,600 shares as the company’s stock declined 4.13% with the market. The institutional investor held 140,080 shares of the meat and poultry and fish company at the end of 2018Q1, valued at $3.18M, up from 124,480 at the end of the previous reported quarter. Ami Investment Management Inc who had been investing in Leucadia National Corp for a number of months, seems to be bullish on the $8.09B market cap company. The stock decreased 0.17% or $0.04 during the last trading session, reaching $23.47. About 1.82M shares traded. Leucadia National Corporation (NYSE:LUK) has declined 5.32% since June 16, 2017 and is downtrending. It has underperformed by 17.89% the S&P500. Some Historical LUK News: 09/04/2018 – Leucadia to Sell 48% Stake in National Beef to Marfrig — Deal Digest; 20/03/2018 – Moody’s: Upgrade of Leucadia’s Senior Unsecured Debt Reflects Modest Leverage, Good Liquidity; 09/04/2018 – LEUCADIA NATIONAL REPORTS STRATEGIC TRANSACTIONS COMPLETE TRANS; 20/03/2018 – LEUCADIA TO Ba1 FROM Ba2 BY MOODY’S, OUTLOOK STABLE; 09/04/2018 – LEUCADIA NATIONAL – TO SELL 100% OF ITS EQUITY INTEREST IN GARCADIA, ITS AUTO DEALER GROUP, AND RELATED REAL ESTATE AT A $675 MLN ENTERPRISE VALUATION; 10/04/2018 – S&PGR Affirms Leucadia National Corp. ‘BBB-‘ Rtgs; Otlk Stable; 09/04/2018 – LEUCADIA NATIONAL – CO WILL HAVE 2 BOARD SEATS & SERIES OF OTHER RIGHTS IN RESPECT OF CONTINUING EQUITY INTEREST, WITH A LOCKUP PERIOD OF 5 YEARS; 09/04/2018 – MOODY’S CHANGES LEUCADIA OUTLOOK TO POSITIVE, AFFIRMS Ba1 SR; 09/04/2018 – LEUCADIA NATIONAL CORP – ENTERED INTO A DEFINITIVE AGREEMENT TO SELL 48% OF NATIONAL BEEF TO MARFRIG, FOR ABOUT $900 MLN IN CASH; 09/04/2018 – Leucadia Closes Above 50-Day Moving Average: Technicals

More recent Cerner Corporation (NASDAQ:CERN) news were published by: Streetinsider.com which released: “Pre-Open Movers 05/18: (QTNT) (AFSI) (CERN) Higher; (AGRX) (ARQL) (CPB) Lower (more…)” on May 18, 2018. Also Globenewswire.com published the news titled: “Cerner Announces Amendment to Share Repurchase Program” on May 21, 2018. Nasdaq.com‘s news article titled: “Better Buy: Veeva Systems Inc. vs. Cerner” with publication date: May 26, 2018 was also an interesting one.

Turtle Creek Asset Management Inc, which manages about $1.06B US Long portfolio, decreased its stake in Ss&C Technologies Holdings Inc (NASDAQ:SSNC) by 241,850 shares to 1.56 million shares, valued at $83.70M in 2018Q1, according to the filing. It also reduced its holding in Manhattan Associates Inc (NASDAQ:MANH) by 22,300 shares in the quarter, leaving it with 10,800 shares, and cut its stake in Tjx Companies Inc (NYSE:TJX).

Investors sentiment decreased to 1.01 in Q1 2018. Its down 0.04, from 1.05 in 2017Q4. It fall, as 73 investors sold CERN shares while 197 reduced holdings. 77 funds opened positions while 196 raised stakes. 250.25 million shares or 0.68% less from 251.96 million shares in 2017Q4 were reported. The New York-based Financial Bank Of Ny Mellon has invested 0.26% in Cerner Corporation (NASDAQ:CERN). Carret Asset Mngmt Limited Com has 5,500 shares for 0.05% of their portfolio. 8,002 were accumulated by Quantitative Systematic Strategies. 39,668 are owned by Kanawha Cap Mgmt Ltd Com. Pittenger & Anderson owns 104,717 shares or 0.53% of their US portfolio. Norinchukin Retail Bank The reported 28,953 shares. 13,735 were reported by Fort Washington Investment Oh. Neuberger Berman invested 0% of its portfolio in Cerner Corporation (NASDAQ:CERN). Veritable Limited Partnership has invested 0.01% in Cerner Corporation (NASDAQ:CERN). Goldman Sachs Grp owns 2.06 million shares. Atria Invests Limited Company holds 0.03% of its portfolio in Cerner Corporation (NASDAQ:CERN) for 12,268 shares. Carlson Management holds 0.14% or 8,911 shares in its portfolio. Sg Americas Lc accumulated 20,871 shares. Putnam Ltd owns 4,701 shares. Wilkins Invest Counsel has invested 0.34% in Cerner Corporation (NASDAQ:CERN).

Since February 13, 2018, it had 0 buys, and 7 selling transactions for $60.47 million activity. ILLIG CLIFFORD W also sold $19.85M worth of Cerner Corporation (NASDAQ:CERN) on Wednesday, March 7. Shares for $14.25 million were sold by TOWNSEND JEFFREY A. Shafer David Brent had sold 13,348 shares worth $819,033. 5,000 shares were sold by Cortese Denis A., worth $301,250 on Friday, June 8.

Among 29 analysts covering Cerner Corporation (NASDAQ:CERN), 15 have Buy rating, 0 Sell and 14 Hold. Therefore 52% are positive. Cerner Corporation had 118 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, March 8. The stock of Cerner Corporation (NASDAQ:CERN) has “Buy” rating given on Thursday, March 29 by Wells Fargo. On Wednesday, September 16 the stock rating was initiated by Canaccord Genuity with “Buy”. On Thursday, May 3 the stock rating was maintained by Canaccord Genuity with “Buy”. Piper Jaffray maintained Cerner Corporation (NASDAQ:CERN) rating on Monday, August 24. Piper Jaffray has “Overweight” rating and $87 target. The stock of Cerner Corporation (NASDAQ:CERN) has “Buy” rating given on Thursday, May 10 by Cantor Fitzgerald. Jefferies maintained the stock with “Buy” rating in Thursday, June 1 report. The firm has “Hold” rating by SunTrust given on Tuesday, January 16. On Wednesday, January 10 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The stock of Cerner Corporation (NASDAQ:CERN) earned “Buy” rating by Jefferies on Friday, October 13.

Investors sentiment decreased to 0.81 in 2018 Q1. Its down 0.34, from 1.15 in 2017Q4. It turned negative, as 33 investors sold LUK shares while 166 reduced holdings. 41 funds opened positions while 121 raised stakes. 265.67 million shares or 1.50% more from 261.75 million shares in 2017Q4 were reported. X Comm Ltd Liability Corporation holds 0% of its portfolio in Leucadia National Corporation (NYSE:LUK) for 2,024 shares. Ancora Advsrs Ltd invested in 0.02% or 21,996 shares. Oregon Employees Retirement Fund stated it has 0.02% of its portfolio in Leucadia National Corporation (NYSE:LUK). Geode Cap Mngmt Lc holds 5.15M shares or 0.04% of its portfolio. Amp Capital Invsts holds 98,244 shares or 0.01% of its portfolio. Employees Retirement Systems Of Texas stated it has 54,000 shares. Rhumbline Advisers invested in 541,571 shares or 0.03% of the stock. Advantus Cap Mngmt stated it has 31,330 shares. New York State Common Retirement Fund holds 1.84M shares. Jpmorgan Chase holds 0.01% or 1.75M shares. Moreover, Dimensional Fund LP has 0.02% invested in Leucadia National Corporation (NYSE:LUK) for 2.05 million shares. Moreover, Voya Lc has 0.01% invested in Leucadia National Corporation (NYSE:LUK) for 170,347 shares. Louisiana State Employees Retirement, a Louisiana-based fund reported 19,100 shares. Parsons Mngmt Inc Ri holds 46,700 shares. Rk Asset Ltd Company has invested 5.94% in Leucadia National Corporation (NYSE:LUK).

Cerner Corporation (NASDAQ:CERN) Institutional Positions Chart

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