Gruss & Co Cut Its Stake in Carrols Restaurant Group (TAST) by $400,000 as Market Value Declined; Spinnaker Trust Has Lifted Stake in Merck & Co New Com (MRK) by $880,448 as Share Value Declined

February 5, 2018 - By Marie Mckinney

Gruss & Co Inc decreased its stake in Carrols Restaurant Group Inc (TAST) by 50.82% based on its latest 2017Q3 regulatory filing with the SEC. Gruss & Co Inc sold 40,000 shares as the company’s stock declined 24.32% while stock markets rallied. The institutional investor held 38,709 shares of the consumer services company at the end of 2017Q3, valued at $422,000, down from 78,709 at the end of the previous reported quarter. Gruss & Co Inc who had been investing in Carrols Restaurant Group Inc for a number of months, seems to be less bullish one the $447.34M market cap company. The stock decreased 0.20% or $0.025 during the last trading session, reaching $12.625. About 85,774 shares traded. Carrols Restaurant Group, Inc. (NASDAQ:TAST) has risen 0.56% since February 5, 2017 and is uptrending. It has underperformed by 16.14% the S&P500.

Spinnaker Trust increased its stake in Merck & Co Inc New Com (MRK) by 42.65% based on its latest 2017Q3 regulatory filing with the SEC. Spinnaker Trust bought 13,757 shares as the company’s stock declined 2.46% while stock markets rallied. The institutional investor held 46,014 shares of the health care company at the end of 2017Q3, valued at $2.95M, up from 32,257 at the end of the previous reported quarter. Spinnaker Trust who had been investing in Merck & Co Inc New Com for a number of months, seems to be bullish on the $157.28B market cap company. The stock decreased 1.42% or $0.83 during the last trading session, reaching $57.73. About 9.49M shares traded. Merck & Co., Inc. (NYSE:MRK) has risen 16.86% since February 5, 2017 and is uptrending. It has outperformed by 0.16% the S&P500.

Spinnaker Trust, which manages about $800.37 million US Long portfolio, decreased its stake in Bristol Myers Squibb Co (NYSE:BMY) by 13,324 shares to 41,069 shares, valued at $2.62 million in 2017Q3, according to the filing. It also reduced its holding in Energy Select Sector Spdr (XLE) by 9,157 shares in the quarter, leaving it with 74,276 shares, and cut its stake in Fidelity Msci Energy Index Etf (FENY).

Among 23 analysts covering Merck & Co. Inc. (NYSE:MRK), 16 have Buy rating, 0 Sell and 7 Hold. Therefore 70% are positive. Merck & Co. Inc. had 73 analyst reports since August 13, 2015 according to SRatingsIntel. On Wednesday, August 30 the stock rating was maintained by Credit Suisse with “Outperform”. Barclays Capital maintained it with “Overweight” rating and $72 target in Friday, September 9 report. The rating was upgraded by Piper Jaffray to “Overweight” on Thursday, January 12. The firm has “Hold” rating given on Tuesday, October 31 by Jefferies. The company was upgraded on Monday, October 30 by Citigroup. BMO Capital Markets maintained Merck & Co., Inc. (NYSE:MRK) rating on Friday, August 4. BMO Capital Markets has “Buy” rating and $7200 target. As per Thursday, July 14, the company rating was maintained by Jefferies. The firm earned “Outperform” rating on Thursday, October 12 by BMO Capital Markets. Societe Generale initiated the stock with “Hold” rating in Wednesday, September 30 report. The rating was maintained by BMO Capital Markets with “Buy” on Monday, June 12.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.01, from 1.07 in 2017Q2. It fall, as 46 investors sold MRK shares while 619 reduced holdings. 106 funds opened positions while 598 raised stakes. 1.96 billion shares or 0.47% more from 1.95 billion shares in 2017Q2 were reported. Dt Investment Ltd Liability Corp accumulated 3,706 shares. Investec Asset Management Limited has invested 0.02% in Merck & Co., Inc. (NYSE:MRK). North Star Asset Management Inc holds 19,150 shares. Moreover, Utah Retirement Sys has 0.72% invested in Merck & Co., Inc. (NYSE:MRK). Bancorporation Of Montreal Can invested 0.53% in Merck & Co., Inc. (NYSE:MRK). Sigma Planning Corporation reported 0.26% in Merck & Co., Inc. (NYSE:MRK). Td Cap Mngmt Ltd Liability Corp reported 2,057 shares or 0.04% of all its holdings. Ngam Advsrs Ltd Partnership has 0.65% invested in Merck & Co., Inc. (NYSE:MRK). St Johns Company Ltd Llc, Florida-based fund reported 18,552 shares. Montgomery Investment Management accumulated 1.01% or 35,551 shares. Maple Cap Mngmt Inc accumulated 28,248 shares. Proshare Limited Liability Company reported 0.26% of its portfolio in Merck & Co., Inc. (NYSE:MRK). The Florida-based Aviance Cap Management Limited Liability has invested 0% in Merck & Co., Inc. (NYSE:MRK). Fairfield Bush And Com owns 12,775 shares for 0.26% of their portfolio. Nomura Holding invested in 0.09% or 658,668 shares.

Among 2 analysts covering Carrols Restaurant Group (NASDAQ:TAST), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Carrols Restaurant Group had 3 analyst reports since January 29, 2016 according to SRatingsIntel. Raymond James downgraded Carrols Restaurant Group, Inc. (NASDAQ:TAST) on Tuesday, September 26 to “Outperform” rating. The rating was maintained by Citigroup on Monday, November 20 with “Buy”.

Investors sentiment decreased to 1.11 in 2017 Q3. Its down 0.42, from 1.53 in 2017Q2. It dropped, as 13 investors sold TAST shares while 32 reduced holdings. 16 funds opened positions while 34 raised stakes. 30.47 million shares or 1.11% more from 30.14 million shares in 2017Q2 were reported. Rbf Capital Ltd Liability Co invested 0.28% of its portfolio in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Boston Prtnrs reported 420,210 shares. Geode Mgmt Limited Liability has 301,176 shares for 0% of their portfolio. 136,818 are owned by Citadel Advisors Ltd. Group invested in 23,139 shares or 0% of the stock. Alliancebernstein LP stated it has 36,400 shares. Raymond James & Assocs owns 103,367 shares. Deutsche Commercial Bank Ag invested in 40,446 shares. Oppenheimer Asset holds 76,360 shares. Manufacturers Life Insurance Co The invested in 0% or 27,995 shares. The Maryland-based Brown Advisory has invested 0.09% in Carrols Restaurant Group, Inc. (NASDAQ:TAST). State Board Of Administration Of Florida Retirement System invested in 15,568 shares. Bridgecreek Mngmt Ltd Liability Company holds 10,340 shares or 0.03% of its portfolio. Cannell Capital Ltd Company reported 1.66M shares. Price T Rowe Md has 35,300 shares.

Since December 14, 2017, it had 0 insider purchases, and 1 sale for $32,000 activity.

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By1 Marie Mckinney

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