Beacon Roofing Supply (BECN) Holder Cortina Asset Management Lowered Its Holding by $11.61 Million as Stock Declined; As Merck & Co (MRK) Share Price Declined, Northstar Group Increased Holding by $378,280

May 21, 2018 - By Nellie Frank

Merck & Co., Inc. (NYSE:MRK) Logo

Northstar Group Inc increased its stake in Merck & Co Inc (MRK) by 51.54% based on its latest 2017Q4 regulatory filing with the SEC. Northstar Group Inc bought 6,755 shares as the company’s stock declined 4.63% with the market. The institutional investor held 19,861 shares of the health care company at the end of 2017Q4, valued at $1.12 million, up from 13,106 at the end of the previous reported quarter. Northstar Group Inc who had been investing in Merck & Co Inc for a number of months, seems to be bullish on the $159.10 billion market cap company. The stock increased 0.12% or $0.07 during the last trading session, reaching $59.14. About 9.69 million shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 14.94% since May 21, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.

Cortina Asset Management Llc decreased its stake in Beacon Roofing Supply Inc (BECN) by 40.81% based on its latest 2017Q4 regulatory filing with the SEC. Cortina Asset Management Llc sold 184,285 shares as the company’s stock declined 13.60% with the market. The institutional investor held 267,296 shares of the consumer services company at the end of 2017Q4, valued at $17.04 million, down from 451,581 at the end of the previous reported quarter. Cortina Asset Management Llc who had been investing in Beacon Roofing Supply Inc for a number of months, seems to be less bullish one the $2.74B market cap company. The stock increased 1.10% or $0.44 during the last trading session, reaching $40.27. About 1.05M shares traded or 35.29% up from the average. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has risen 10.99% since May 21, 2017 and is uptrending. It has underperformed by 0.56% the S&P500.

Investors sentiment decreased to 0.94 in 2017 Q4. Its down 0.12, from 1.06 in 2017Q3. It turned negative, as 94 investors sold MRK shares while 631 reduced holdings. 123 funds opened positions while 558 raised stakes. 1.93 billion shares or 1.34% less from 1.96 billion shares in 2017Q3 were reported. Stearns Fincl Svcs Gru invested in 0.11% or 8,230 shares. Hbk Sorce Advisory holds 0.31% in Merck & Co., Inc. (NYSE:MRK) or 46,529 shares. Park Avenue Securities Lc has invested 0.21% in Merck & Co., Inc. (NYSE:MRK). Victory Capital Management accumulated 0.01% or 43,866 shares. Adirondack Trust Co, a New York-based fund reported 10,173 shares. Fire Gru holds 0.11% or 5,767 shares in its portfolio. 9,625 were accumulated by Lombard Odier Asset Mgmt (Switzerland). Pzena Inv Mgmt Limited Liability Corporation holds 0.45% or 1.64 million shares. Founders Secs reported 14,982 shares. Chesley Taft & Associate Ltd Liability Corp invested in 0.39% or 81,056 shares. Invesco Ltd invested in 17.52M shares or 0.36% of the stock. Principal Financial Inc has 0.36% invested in Merck & Co., Inc. (NYSE:MRK). Estabrook Cap Mngmt reported 154,269 shares. Peddock Capital holds 0.07% or 2,384 shares in its portfolio. 600 are owned by Hoertkorn Richard Charles.

More notable recent Merck & Co., Inc. (NYSE:MRK) news were published by: Seekingalpha.com which released: “Merck: Getting Stronger” on May 04, 2018, also 247Wallst.com with their article: “What to Look For in the Merck and Pfizer Reports Tuesday Morning” published on April 30, 2018, Fool.com published: “Better Buy: Pfizer Inc. (PFE) vs. Merck (MRK)” on May 13, 2018. More interesting news about Merck & Co., Inc. (NYSE:MRK) were released by: Livetradingnews.com and their article: “Merck & Co., Inc. (NYSE:MRK) Trending Upwards” published on May 18, 2018 as well as Seekingalpha.com‘s news article titled: “Congo’s Ebola outbreak in ‘new phase'” with publication date: May 17, 2018.

Among 24 analysts covering Merck & Co. Inc. (NYSE:MRK), 21 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Merck & Co. Inc. had 90 analyst reports since August 13, 2015 according to SRatingsIntel. The firm has “Buy” rating by Guggenheim given on Thursday, January 12. The stock of Merck & Co., Inc. (NYSE:MRK) earned “Overweight” rating by Barclays Capital on Thursday, April 5. BMO Capital Markets maintained Merck & Co., Inc. (NYSE:MRK) rating on Monday, June 12. BMO Capital Markets has “Buy” rating and $7400 target. The company was maintained on Thursday, October 12 by BMO Capital Markets. The firm has “Hold” rating given on Monday, February 26 by Jefferies. The rating was maintained by Cowen & Co with “Market Perform” on Wednesday, April 12. The stock of Merck & Co., Inc. (NYSE:MRK) has “Neutral” rating given on Wednesday, January 27 by Bank of America. Cowen & Co maintained Merck & Co., Inc. (NYSE:MRK) rating on Friday, April 20. Cowen & Co has “Hold” rating and $6700 target. The stock has “Hold” rating by Societe Generale on Wednesday, September 30. As per Tuesday, November 28, the company rating was maintained by Bank of America.

Among 18 analysts covering Beacon Roofing Supply (NASDAQ:BECN), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. Beacon Roofing Supply had 51 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Neutral” rating by Wedbush on Wednesday, May 31. The firm earned “Buy” rating on Friday, August 25 by Jefferies. The stock has “Outperform” rating by Robert W. Baird on Tuesday, July 28. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Overweight” rating by KeyBanc Capital Markets on Friday, August 25. The firm has “Buy” rating by RBC Capital Markets given on Monday, July 24. Northcoast maintained it with “Buy” rating and $73.0 target in Monday, January 8 report. The rating was maintained by Citigroup on Friday, February 9 with “Neutral”. The rating was upgraded by Raymond James to “Strong Buy” on Monday, February 8. As per Tuesday, November 21, the company rating was maintained by Robert W. Baird. The firm has “Buy” rating given on Thursday, October 12 by KeyBanc Capital Markets.

Cortina Asset Management Llc, which manages about $2.83 billion and $2.27B US Long portfolio, upped its stake in Benchmark Electronics Inc (NYSE:BHE) by 12,584 shares to 187,973 shares, valued at $5.47 million in 2017Q4, according to the filing. It also increased its holding in John Bean Technologies Corp (NYSE:JBT) by 27,373 shares in the quarter, for a total of 221,611 shares, and has risen its stake in Neos Therapeutics Inc.

Analysts await Beacon Roofing Supply, Inc. (NASDAQ:BECN) to report earnings on August, 1. They expect $1.33 earnings per share, up 58.33% or $0.49 from last year’s $0.84 per share. BECN’s profit will be $90.56M for 7.57 P/E if the $1.33 EPS becomes a reality. After $-0.35 actual earnings per share reported by Beacon Roofing Supply, Inc. for the previous quarter, Wall Street now forecasts -480.00% EPS growth.

Another recent and important Beacon Roofing Supply, Inc. (NASDAQ:BECN) news was published by Benzinga.com which published an article titled: “JPMorgan Sends Beacon Roofing To The ‘Penalty Box’ After Q2 Miss” on May 11, 2018.

Investors sentiment decreased to 1.38 in Q4 2017. Its down 0.53, from 1.91 in 2017Q3. It dropped, as 22 investors sold BECN shares while 77 reduced holdings. 63 funds opened positions while 74 raised stakes. 64.82 million shares or 2.48% less from 66.46 million shares in 2017Q3 were reported. Cornerstone Mgmt holds 0.01% or 20,500 shares in its portfolio. Diligent Invsts Limited Liability Corp holds 0.31% or 7,727 shares in its portfolio. Df Dent invested 0.03% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Massmutual Fsb Adv stated it has 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Cipher Cap Lp reported 14,742 shares. National Bank Of Mellon Corp reported 1.14 million shares. Diker Limited Co has 1.03% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Hutchin Hill Capital LP invested in 0.12% or 6,800 shares. Blair William And Il holds 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN) or 5,882 shares. Hsbc Holdg Plc owns 31,613 shares. 6,832 are owned by Prelude Management Ltd Co. Prescott Gru Capital Management Limited Liability Corporation owns 0.86% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 65,000 shares. Moreover, State Common Retirement Fund has 0.01% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Stephens Invest Management Ltd Liability Corporation owns 658,057 shares. Parametric Port Assocs Limited Liability Company owns 148,888 shares or 0.01% of their US portfolio.

Merck & Co., Inc. (NYSE:MRK) Institutional Positions Chart

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