Glenview Capital Management Has Cut Meritor (MTOR) Holding By $6.50 Million; Commscope Holding Company (COMM)’s Sentiment Is 0.72

January 13, 2018 - By Adrian Mccoy

Glenview Capital Management Llc decreased Meritor Inc (MTOR) stake by 4.08% reported in 2017Q3 SEC filing. Glenview Capital Management Llc sold 250,000 shares as Meritor Inc (MTOR)’s stock rose 2.16%. The Glenview Capital Management Llc holds 5.88M shares with $152.86M value, down from 6.13M last quarter. Meritor Inc now has $2.17 billion valuation. The stock increased 1.83% or $0.44 during the last trading session, reaching $24.52. About 942,296 shares traded. Meritor, Inc. (NYSE:MTOR) has risen 104.71% since January 13, 2017 and is uptrending. It has outperformed by 88.01% the S&P500.

CommScope Holding Company, Inc. provides infrastructure solutions for communications networks worldwide. The company has market cap of $7.43 billion. The companyÂ’s CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, AMP NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, complete cabling systems, and cable assemblies for use in offices and data centers. It has a 39.77 P/E ratio. This segment also provides fiber optic connectivity solutions, including hardened connector systems, fiber distribution hubs and management systems, couplers and splitters, plug and play multiport service terminals, hardened optical terminating enclosures, high density cable assemblies, splices, and splice closures that supports video, voice, and high-speed data services provided by telecommunications operators and multi-system operators.

Analysts await Meritor, Inc. (NYSE:MTOR) to report earnings on February, 7. They expect $0.47 EPS, up 88.00% or $0.22 from last year’s $0.25 per share. MTOR’s profit will be $41.63 million for 13.04 P/E if the $0.47 EPS becomes a reality. After $0.62 actual EPS reported by Meritor, Inc. for the previous quarter, Wall Street now forecasts -24.19% negative EPS growth.

Among 11 analysts covering Meritor (NYSE:MTOR), 4 have Buy rating, 1 Sell and 6 Hold. Therefore 36% are positive. Meritor had 39 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Meritor, Inc. (NYSE:MTOR) earned “Buy” rating by KeyBanc Capital Markets on Tuesday, September 19. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 18. KeyBanc Capital Markets maintained Meritor, Inc. (NYSE:MTOR) on Wednesday, November 15 with “Hold” rating. The stock of Meritor, Inc. (NYSE:MTOR) earned “Buy” rating by Stifel Nicolaus on Monday, September 11. The stock of Meritor, Inc. (NYSE:MTOR) has “Overweight” rating given on Friday, December 8 by PiperJaffray. The stock of Meritor, Inc. (NYSE:MTOR) earned “Equal Weight” rating by Barclays Capital on Tuesday, December 15. On Thursday, November 12 the stock rating was maintained by UBS with “Neutral”. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, January 4. RBC Capital Markets maintained Meritor, Inc. (NYSE:MTOR) on Sunday, September 3 with “Buy” rating. The firm earned “Underweight” rating on Tuesday, June 28 by Piper Jaffray.

Investors sentiment increased to 1.78 in 2017 Q3. Its up 0.66, from 1.12 in 2017Q2. It improved, as 14 investors sold MTOR shares while 53 reduced holdings. 65 funds opened positions while 54 raised stakes. 83.56 million shares or 2.18% more from 81.78 million shares in 2017Q2 were reported. Commercial Bank Of Montreal Can reported 5,001 shares. Glenmede Trust Na stated it has 10,000 shares. Rmb Cap Mgmt Limited accumulated 0.13% or 197,464 shares. 160,500 are held by Bridgeway Capital Management Inc. Panagora Asset reported 481,074 shares stake. State Board Of Administration Of Florida Retirement System owns 0.01% invested in Meritor, Inc. (NYSE:MTOR) for 86,066 shares. Ameritas Inv Partners Inc accumulated 7,355 shares or 0.01% of the stock. Cwm Ltd Llc reported 0% of its portfolio in Meritor, Inc. (NYSE:MTOR). Comerica State Bank stated it has 0.01% of its portfolio in Meritor, Inc. (NYSE:MTOR). State Street Corp invested in 0% or 1.81M shares. Metropolitan Life Com holds 55,167 shares. Chase Invest Counsel Corporation reported 18,760 shares. Jpmorgan Chase And owns 2.19M shares. Hsbc Holdings Public Ltd Liability accumulated 0% or 34,960 shares. The New York-based Ny State Common Retirement Fund has invested 0.01% in Meritor, Inc. (NYSE:MTOR).

Glenview Capital Management Llc increased Laboratory Corp Amer Hldgs (NYSE:LH) stake by 243,200 shares to 2.91M valued at $439.05 million in 2017Q3. It also upped Williams Cos Inc Del (NYSE:WMB) stake by 1.16 million shares and now owns 7.53M shares. Nike Inc (NYSE:NKE) was raised too.

Since August 8, 2017, it had 0 insider buys, and 3 sales for $697,739 activity. $80,617 worth of Meritor, Inc. (NYSE:MTOR) shares were sold by Speed Robert H.. 4,000 shares were sold by Villavarayan Chris, worth $94,113. 22,368 shares valued at $523,009 were sold by Craig Jeffrey A on Monday, December 11.

Ratings analysis reveals 50% of Commscope’s analysts are positive. Out of 4 Wall Street analysts rating Commscope, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $35.0 while the high is $47.0. The stock’s average target of $41 is 5.21% above today’s ($38.97) share price. COMM was included in 4 notes of analysts from September 20, 2016. Barclays Capital maintained CommScope Holding Company, Inc. (NASDAQ:COMM) rating on Wednesday, April 12. Barclays Capital has “Overweight” rating and $47.0 target. The firm has “Buy” rating by Citigroup given on Tuesday, December 20. On Tuesday, January 17 the stock rating was downgraded by Raymond James to “Mkt Perform”. The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) has “Equal-Weight” rating given on Tuesday, September 20 by Morgan Stanley.

Analysts await CommScope Holding Company, Inc. (NASDAQ:COMM) to report earnings on February, 22. They expect $0.43 EPS, down 27.12% or $0.16 from last year’s $0.59 per share. COMM’s profit will be $82.03M for 22.66 P/E if the $0.43 EPS becomes a reality. After $0.52 actual EPS reported by CommScope Holding Company, Inc. for the previous quarter, Wall Street now forecasts -17.31% negative EPS growth.

The stock increased 0.33% or $0.13 during the last trading session, reaching $38.97. About 2.20 million shares traded or 43.34% up from the average. CommScope Holding Company, Inc. (COMM) has risen 25.42% since January 13, 2017 and is uptrending. It has outperformed by 8.72% the S&P500.

Chieftain Capital Management Inc. holds 18.97% of its portfolio in CommScope Holding Company, Inc. for 7.27 million shares. Rivulet Capital Llc owns 3.25 million shares or 12.8% of their US portfolio. Moreover, Makaira Partners Llc has 9.95% invested in the company for 2.31 million shares. The California-based Fpr Partners Llc has invested 8.79% in the stock. Route One Investment Company L.P., a California-based fund reported 7.16 million shares.

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