Harvey Investment Co Has Lowered Stake in Brown Forman Cl B (BF.B) by $783,000; As Unitedhealth Group (UNH) Valuation Rose, Shareholder Causeway Capital Management Decreased Stake by $32.98 Million

February 17, 2018 - By Linda Rogers

Harvey Investment Co Llc decreased its stake in Brown Forman Corp Cl B (BF.B) by 30.19% based on its latest 2017Q3 regulatory filing with the SEC. Harvey Investment Co Llc sold 14,500 shares as the company’s stock 0.00% . The institutional investor held 33,530 shares of the company at the end of 2017Q3, valued at $1.82 million, down from 48,030 at the end of the previous reported quarter. Harvey Investment Co Llc who had been investing in Brown Forman Corp Cl B for a number of months, seems to be less bullish one the $26.59 billion market cap company. The stock increased 1.12% or $0.77 during the last trading session, reaching $69.58. About 577,709 shares traded. Brown-Forman Corporation (NYSE:BF.B) has risen 11.07% since February 17, 2017 and is uptrending. It has underperformed by 5.63% the S&P500.

Causeway Capital Management Llc decreased its stake in Unitedhealth Group Inc (UNH) by 28.1% based on its latest 2017Q3 regulatory filing with the SEC. Causeway Capital Management Llc sold 347,170 shares as the company’s stock rose 9.50% with the market. The institutional investor held 888,509 shares of the medical specialities company at the end of 2017Q3, valued at $85.16 million, down from 1.24 million at the end of the previous reported quarter. Causeway Capital Management Llc who had been investing in Unitedhealth Group Inc for a number of months, seems to be less bullish one the $221.95 billion market cap company. The stock increased 1.48% or $3.35 during the last trading session, reaching $229.37. About 3.62 million shares traded or 1.12% up from the average. UnitedHealth Group Incorporated (NYSE:UNH) has risen 32.76% since February 17, 2017 and is uptrending. It has outperformed by 16.06% the S&P500.

Harvey Investment Co Llc, which manages about $445.75M and $506.77 million US Long portfolio, upped its stake in Wabtec Corporation (NYSE:WAB) by 12,220 shares to 177,710 shares, valued at $13.46M in 2017Q3, according to the filing.

Among 12 analysts covering Brown-Forman (NYSE:BF.B), 0 have Buy rating, 2 Sell and 10 Hold. Therefore 0 are positive. Brown-Forman had 37 analyst reports since July 21, 2015 according to SRatingsIntel. SunTrust maintained the stock with “Hold” rating in Wednesday, December 6 report. As per Thursday, December 22, the company rating was downgraded by Suntrust Robinson. Pivotal Research downgraded the shares of BF.B in report on Thursday, December 7 to “Hold” rating. Stifel Nicolaus maintained Brown-Forman Corporation (NYSE:BF.B) on Wednesday, December 6 with “Hold” rating. On Tuesday, July 25 the stock rating was maintained by RBC Capital Markets with “Hold”. On Wednesday, December 6 the stock rating was maintained by Cowen & Co with “Hold”. On Thursday, December 8 the stock rating was maintained by Stifel Nicolaus with “Hold”. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, February 1. As per Thursday, December 22, the company rating was downgraded by SunTrust. The stock has “Hold” rating by RBC Capital Markets on Friday, June 23.

Among 26 analysts covering UnitedHealth Group (NYSE:UNH), 26 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. UnitedHealth Group had 79 analyst reports since September 2, 2015 according to SRatingsIntel. The stock of UnitedHealth Group Incorporated (NYSE:UNH) earned “Neutral” rating by Mizuho on Wednesday, November 9. The rating was maintained by Leerink Swann with “Buy” on Wednesday, October 18. Credit Suisse maintained the shares of UNH in report on Thursday, July 13 with “Buy” rating. The firm has “Overweight” rating given on Wednesday, September 16 by JP Morgan. The company was maintained on Tuesday, October 17 by Cantor Fitzgerald. The stock of UnitedHealth Group Incorporated (NYSE:UNH) earned “Buy” rating by Cantor Fitzgerald on Thursday, July 6. The stock has “Buy” rating by Credit Suisse on Wednesday, January 17. Stifel Nicolaus maintained UnitedHealth Group Incorporated (NYSE:UNH) on Tuesday, June 27 with “Buy” rating. Barclays Capital maintained the shares of UNH in report on Wednesday, July 19 with “Overweight” rating. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, October 18.

Causeway Capital Management Llc, which manages about $27.14 billion and $8.90 billion US Long portfolio, upped its stake in Sk Telecom Ltd (NYSE:SKM) by 77,009 shares to 2.95M shares, valued at $72.64 million in 2017Q3, according to the filing. It also increased its holding in Advance Auto Parts Inc (NYSE:AAP) by 321,999 shares in the quarter, for a total of 2.01M shares, and has risen its stake in Abb Ltd (NYSE:ABB).

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By1 Linda Rogers

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