Gabalex Capital Management Has Lifted Macys (M) Stake By $2.30 Million; Meredith (MDP) Had 2 Bulls

October 12, 2017 - By test

Among 6 analysts covering Meredith Corporation (NYSE:MDP), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Meredith Corporation had 18 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, July 21 by Jefferies. The stock of Meredith Corporation (NYSE:MDP) has “Buy” rating given on Friday, July 28 by Benchmark. Jefferies maintained Meredith Corporation (NYSE:MDP) on Thursday, July 6 with “Hold” rating. The rating was maintained by Jefferies with “Hold” on Monday, September 11. The rating was upgraded by Zacks to “Hold” on Monday, September 21. The company was upgraded on Monday, June 5 by Benchmark. The rating was upgraded by Gabelli on Wednesday, December 16 to “Hold”. The company was initiated on Wednesday, November 18 by Stephens. The rating was upgraded by Citigroup on Tuesday, May 2 to “Buy”. On Thursday, January 26 the stock rating was downgraded by Benchmark to “Hold”. See Meredith Corporation (NYSE:MDP) latest ratings:

11/09/2017 Broker: Jefferies Rating: Hold New Target: $60.0 Maintain
28/07/2017 Broker: Benchmark Rating: Buy New Target: $68.0000 Maintain
06/07/2017 Broker: Jefferies Rating: Hold New Target: $60.0000 Maintain
05/06/2017 Broker: Benchmark Rating: Buy New Target: $65.0000 Upgrade
01/06/2017 Broker: Jefferies Rating: Hold New Target: $60.0000 Maintain
02/05/2017 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade

Gabalex Capital Management Llc increased Macys Inc (M) stake by 14.29% reported in 2017Q2 SEC filing. Gabalex Capital Management Llc acquired 100,000 shares as Macys Inc (M)’s stock declined 28.76%. The Gabalex Capital Management Llc holds 800,000 shares with $18.59M value, up from 700,000 last quarter. Macys Inc now has $6.14B valuation. The stock decreased 1.12% or $0.23 on October 12, reaching $20.24. About 8.24M shares traded. Macy’s Inc (NYSE:M) has declined 25.46% since October 12, 2016 and is downtrending. It has underperformed by 42.16% the S&P500.

Meredith Corporation is a diversified media company. The company has market cap of $2.44 billion. The Firm is focused primarily on the home and family marketplace. It has a 13.15 P/E ratio. The Firm operates through two divisions: Local Media and National Media.

Since May 1, 2017, it had 0 insider purchases, and 4 sales for $527,218 activity. CAPPAERT STEVEN M also sold $125,036 worth of Meredith Corporation (NYSE:MDP) shares. On Monday, May 1 HENRY FREDERICK B sold $229,703 worth of Meredith Corporation (NYSE:MDP) or 3,995 shares. 1,742 shares were sold by ZIESER JOHN S, worth $100,631. 1,247 Meredith Corporation (NYSE:MDP) shares with value of $71,848 were sold by Ceryanec Joseph H.

Investors sentiment decreased to 1.31 in Q2 2017. Its down 0.11, from 1.42 in 2017Q1. It fall, as 31 investors sold Meredith Corporation shares while 59 reduced holdings. 28 funds opened positions while 90 raised stakes. 42.43 million shares or 2.33% more from 41.46 million shares in 2017Q1 were reported. Paloma Ptnrs Mngmt holds 41,868 shares. Goldman Sachs Gru invested in 334,759 shares. Bancorp Of America De owns 159,099 shares for 0% of their portfolio. Thrivent Fincl For Lutherans owns 7,420 shares for 0% of their portfolio. 19,200 are held by Omers Administration Corporation. Connecticut-based Cubist Systematic Strategies Llc has invested 0.05% in Meredith Corporation (NYSE:MDP). Lucus Advisors Ltd Liability Corp invested 0.48% of its portfolio in Meredith Corporation (NYSE:MDP). Copper Rock Partners Ltd Liability Company holds 2.64% in Meredith Corporation (NYSE:MDP) or 696,163 shares. First Trust Advsrs Lp has invested 0.01% in Meredith Corporation (NYSE:MDP). Ing Groep Nv has invested 0.01% in Meredith Corporation (NYSE:MDP). Aberdeen Asset Mngmt Public Limited Co Uk holds 0.07% or 351,997 shares. Tiaa Cref Invest Mgmt Llc owns 223,384 shares. Prudential Public Ltd Company reported 605,600 shares or 0.12% of all its holdings. Bb&T has invested 0.04% in Meredith Corporation (NYSE:MDP). Svcs Automobile Association owns 103,230 shares for 0.02% of their portfolio.

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