Glenview Capital Management Trimmed By $7.60 Million Its Avis Budget Group (CAR) Stake; Burgundy Asset Management LTD Boosted By $1.46 Million Its Graco (GGG) Position

February 20, 2018 - By Maria Brooks

Glenview Capital Management Llc decreased Avis Budget Group (CAR) stake by 2.56% reported in 2017Q3 SEC filing. Glenview Capital Management Llc sold 200,000 shares as Avis Budget Group (CAR)’s stock declined 33.71%. The Glenview Capital Management Llc holds 7.60M shares with $289.18 million value, down from 7.80M last quarter. Avis Budget Group now has $3.26 billion valuation. The stock increased 0.10% or $0.04 during the last trading session, reaching $40.06. About 1.84 million shares traded. Avis Budget Group, Inc. (NASDAQ:CAR) has declined 14.90% since February 20, 2017 and is downtrending. It has underperformed by 31.60% the S&P500.

Burgundy Asset Management Ltd increased Graco Inc. (GGG) stake by 2.25% reported in 2017Q3 SEC filing. Burgundy Asset Management Ltd acquired 11,896 shares as Graco Inc. (GGG)’s stock rose 21.24%. The Burgundy Asset Management Ltd holds 539,482 shares with $66.73M value, up from 527,586 last quarter. Graco Inc. now has $7.38 billion valuation. The stock decreased 0.43% or $0.19 during the last trading session, reaching $43.85. About 636,837 shares traded or 7.22% up from the average. Graco Inc. (NYSE:GGG) has risen 41.79% since February 20, 2017 and is uptrending. It has outperformed by 25.09% the S&P500.

Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.19, from 1.15 in 2017Q2. It worsened, as 33 investors sold GGG shares while 119 reduced holdings. 51 funds opened positions while 95 raised stakes. 46.98 million shares or 1.73% less from 47.80 million shares in 2017Q2 were reported. Tributary Management Llc, a Colorado-based fund reported 200 shares. First Tru Advisors Lp owns 0.06% invested in Graco Inc. (NYSE:GGG) for 189,072 shares. King Luther has 15,260 shares. 128 are held by Ledyard Savings Bank. Cookson Peirce And Inc has 5,330 shares for 0.07% of their portfolio. Meeder Asset Mgmt invested in 0.03% or 2,068 shares. Lpl Financial Limited Liability Corporation reported 3,226 shares stake. Principal Fincl stated it has 241,492 shares or 0.03% of all its holdings. Schroder Inv Mgmt Group holds 118,870 shares or 0.03% of its portfolio. Citigroup Inc invested 0% in Graco Inc. (NYSE:GGG). Georgia-based Vident Advisory Ltd Liability has invested 0.02% in Graco Inc. (NYSE:GGG). Rk Capital Mngmt Ltd Liability Corporation owns 57,325 shares. Jpmorgan Chase & Co reported 0.01% of its portfolio in Graco Inc. (NYSE:GGG). Moreover, Qs Invsts Ltd Com has 0% invested in Graco Inc. (NYSE:GGG) for 5 shares. Blackrock reported 0.03% stake.

Since September 8, 2017, it had 0 insider purchases, and 10 insider sales for $16.67 million activity. The insider Ahlers David M sold 22,500 shares worth $2.70M. 15,000 shares were sold by GALLIVAN KAREN PARK, worth $1.98M on Wednesday, December 13. Shares for $90,234 were sold by Etchart Eric. Rothe Christian E also sold $1.68M worth of Graco Inc. (NYSE:GGG) on Wednesday, December 13. 30,000 shares were sold by LOWE DAVID M, worth $3.46 million on Friday, September 8. 30,000 shares were sold by SHEAHAN MARK W, worth $3.94M. Moreau Bernard J sold $150,144 worth of stock or 1,248 shares.

Burgundy Asset Management Ltd decreased Tcp Capital Corp. (NASDAQ:TCPC) stake by 120,204 shares to 3.02 million valued at $49.76M in 2017Q3. It also reduced Cbiz Inc. (NYSE:CBZ) stake by 153,719 shares and now owns 4.79M shares. Scripps Networks Interactive Inc. (NYSE:SNI) was reduced too.

Among 14 analysts covering Graco Inc (NYSE:GGG), 2 have Buy rating, 0 Sell and 12 Hold. Therefore 14% are positive. Graco Inc had 34 analyst reports since September 15, 2015 according to SRatingsIntel. The stock of Graco Inc. (NYSE:GGG) has “Hold” rating given on Wednesday, February 1 by Wunderlich. Seaport Global downgraded the shares of GGG in report on Tuesday, March 22 to “Neutral” rating. B. Riley & Co maintained Graco Inc. (NYSE:GGG) on Wednesday, January 31 with “Neutral” rating. The stock of Graco Inc. (NYSE:GGG) has “Hold” rating given on Tuesday, January 30 by RBC Capital Markets. The firm has “Hold” rating by Robert W. Baird given on Wednesday, October 4. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, February 1. The rating was maintained by RBC Capital Markets on Monday, May 1 with “Hold”. RBC Capital Markets maintained the shares of GGG in report on Wednesday, October 11 with “Hold” rating. Seaport Global maintained Graco Inc. (NYSE:GGG) on Monday, January 22 with “Hold” rating. The stock of Graco Inc. (NYSE:GGG) earned “Neutral” rating by Alembic on Tuesday, September 15.

Investors sentiment decreased to 0.58 in Q3 2017. Its down 0.46, from 1.04 in 2017Q2. It worsened, as 45 investors sold CAR shares while 83 reduced holdings. 35 funds opened positions while 39 raised stakes. 110.63 million shares or 4.00% less from 115.24 million shares in 2017Q2 were reported. Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma accumulated 450 shares. Envestnet Asset Management owns 1,272 shares or 0% of their US portfolio. Clear Harbor Asset Mngmt Limited Liability stated it has 29,895 shares or 0.23% of all its holdings. Sei holds 38,595 shares. France-based Credit Agricole S A has invested 0% in Avis Budget Group, Inc. (NASDAQ:CAR). Jpmorgan Chase reported 0.01% stake. Panagora Asset holds 0.02% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR) for 125,640 shares. Segantii reported 400 shares. Commerzbank Aktiengesellschaft Fi holds 0.01% or 11,759 shares in its portfolio. Verition Fund Ltd reported 35,850 shares stake. Barclays Public Limited reported 0.03% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR). 33,638 were reported by Voya Inv Mgmt Limited Co. Mutual Of America Mgmt Lc owns 0.04% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 60,582 shares. Assetmark invested in 0% or 136 shares. Bain Cap Equity Management Ltd Liability Company, Massachusetts-based fund reported 319,219 shares.

Among 11 analysts covering Avis Budget (NASDAQ:CAR), 7 have Buy rating, 2 Sell and 2 Hold. Therefore 64% are positive. Avis Budget had 35 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Credit Suisse on Friday, February 17. Barclays Capital maintained Avis Budget Group, Inc. (NASDAQ:CAR) on Wednesday, November 1 with “Equal-Weight” rating. The rating was maintained by Credit Suisse with “Outperform” on Thursday, February 25. The firm earned “Outperform” rating on Tuesday, April 12 by Credit Suisse. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, February 25. Deutsche Bank maintained Avis Budget Group, Inc. (NASDAQ:CAR) rating on Thursday, February 25. Deutsche Bank has “Buy” rating and $46 target. The firm earned “Neutral” rating on Wednesday, November 4 by JP Morgan. Deutsche Bank maintained the shares of CAR in report on Thursday, August 4 with “Buy” rating. Deutsche Bank maintained Avis Budget Group, Inc. (NASDAQ:CAR) rating on Wednesday, November 8. Deutsche Bank has “Buy” rating and $48 target. The firm has “Underweight” rating by Morgan Stanley given on Friday, August 25.

Glenview Capital Management Llc increased Zimmer Biomet Hldgs Inc (ZMH) stake by 2.38M shares to 3.16 million valued at $369.46 million in 2017Q3. It also upped Vereit Inc stake by 1.14M shares and now owns 19.08M shares. Brookdale Sr Living Inc (NYSE:BKD) was raised too.

Analysts await Avis Budget Group, Inc. (NASDAQ:CAR) to report earnings on February, 21. They expect $0.19 EPS, up 26.67% or $0.04 from last year’s $0.15 per share. CAR’s profit will be $15.47 million for 52.71 P/E if the $0.19 EPS becomes a reality. After $3.10 actual EPS reported by Avis Budget Group, Inc. for the previous quarter, Wall Street now forecasts -93.87% negative EPS growth.

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By1 Maria Brooks

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