Greenlight Capital Decreased Stake in Rite Aid (RAD) as Shares Declined; Cerner (CERN) Holder Prentiss Smith & Co Raised Its Holding by $1.27 Million

January 13, 2018 - By Clifton Ray

David Einhorn decreased its stake in Rite Aid Corp (RAD) by 8.94% based on its latest 2017Q3 regulatory filing with the SEC. Greenlight Capital Inc sold 1.50M shares as the company’s stock declined 41.75% while stock markets rallied. The hedge fund run by David Einhorn held 15.28M shares of the medical and nursing services company at the end of 2017Q3, valued at $29.95M, down from 16.78 million at the end of the previous reported quarter. Greenlight Capital Inc who had been investing in Rite Aid Corp for a number of months, seems to be less bullish one the $2.52 billion market cap company. The stock increased 2.14% or $0.05 during the last trading session, reaching $2.39. About 58.13M shares traded or 121.69% up from the average. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since January 13, 2017 and is downtrending. It has underperformed by 71.88% the S&P500.

Prentiss Smith & Co Inc increased its stake in Cerner Corp (CERN) by 15.73% based on its latest 2017Q3 regulatory filing with the SEC. Prentiss Smith & Co Inc bought 17,942 shares as the company’s stock rose 14.16% with the market. The institutional investor held 132,022 shares of the edp services company at the end of 2017Q3, valued at $9.42M, up from 114,080 at the end of the previous reported quarter. Prentiss Smith & Co Inc who had been investing in Cerner Corp for a number of months, seems to be bullish on the $24.23B market cap company. The stock increased 0.36% or $0.26 during the last trading session, reaching $72.9. About 1.75M shares traded. Cerner Corporation (NASDAQ:CERN) has risen 19.54% since January 13, 2017 and is uptrending. It has outperformed by 2.84% the S&P500.

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Rite Aid had 24 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Rite Aid Corporation (NYSE:RAD) earned “Neutral” rating by Mizuho on Thursday, July 20. The stock of Rite Aid Corporation (NYSE:RAD) earned “Neutral” rating by Mizuho on Friday, October 6. The stock of Rite Aid Corporation (NYSE:RAD) has “Hold” rating given on Monday, September 11 by Loop Capital Markets. Credit Suisse downgraded the stock to “Neutral” rating in Thursday, October 29 report. Guggenheim downgraded Rite Aid Corporation (NYSE:RAD) on Wednesday, April 26 to “Neutral” rating. Goldman Sachs downgraded the stock to “Neutral” rating in Thursday, October 29 report. The stock has “Hold” rating by Deutsche Bank on Friday, April 8. The firm has “Buy” rating given on Thursday, August 13 by Bank of America. The company was maintained on Friday, September 29 by Loop Capital. As per Wednesday, August 19, the company rating was upgraded by Vetr.

Since October 3, 2017, it had 0 insider purchases, and 1 sale for $58,915 activity.

Investors sentiment increased to 0.97 in 2017 Q3. Its up 0.19, from 0.78 in 2017Q2. It improved, as 57 investors sold RAD shares while 77 reduced holdings. 43 funds opened positions while 87 raised stakes. 513.41 million shares or 4.79% less from 539.25 million shares in 2017Q2 were reported. Royal Fincl Bank Of Canada holds 0% in Rite Aid Corporation (NYSE:RAD) or 855,278 shares. Supplemental Annuity Collective Trust Of Nj holds 140,000 shares. Focused Wealth has invested 0% in Rite Aid Corporation (NYSE:RAD). First Manhattan Company stated it has 1,000 shares. Mitsubishi Ufj And Banking Corporation invested in 0% or 32,004 shares. Winslow Evans & Crocker holds 0% or 8 shares. Scotia Incorporated holds 0.01% or 391,280 shares. Wealthcare Ltd Company holds 0% or 100 shares. Symons Mgmt holds 1.91% or 3.86M shares in its portfolio. Wellington Shields Capital Mngmt Ltd Co invested in 0.01% or 33,010 shares. Pnc Fin Svcs Grp Inc owns 130,223 shares for 0% of their portfolio. Northwestern Mutual Wealth Management owns 2,743 shares. Metropolitan Life Insurance New York reported 0% of its portfolio in Rite Aid Corporation (NYSE:RAD). 500 were reported by Tompkins Corp. Boston Family Office holds 15,000 shares.

Greenlight Capital Inc, which manages about $11.41 billion and $5.86 billion US Long portfolio, upped its stake in Dsw Inc (NYSE:DSW) by 792,894 shares to 3.05M shares, valued at $65.49M in 2017Q3, according to the filing. It also increased its holding in Perrigo Co Plc (NYSE:PRGO) by 374,032 shares in the quarter, for a total of 2.90M shares, and has risen its stake in Hewlett Packard Enterprise C.

Among 26 analysts covering Cerner Corporation (NASDAQ:CERN), 13 have Buy rating, 1 Sell and 12 Hold. Therefore 50% are positive. Cerner Corporation had 90 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating by Cantor Fitzgerald given on Wednesday, January 10. Robert W. Baird upgraded the shares of CERN in report on Tuesday, October 31 to “Outperform” rating. The rating was maintained by Piper Jaffray with “Buy” on Monday, June 5. The firm has “Outperform” rating given on Tuesday, September 29 by RBC Capital Markets. As per Tuesday, December 13, the company rating was downgraded by Morgan Stanley. Evercore maintained the stock with “Buy” rating in Wednesday, August 5 report. The stock of Cerner Corporation (NASDAQ:CERN) has “Buy” rating given on Thursday, June 1 by Jefferies. As per Friday, February 24, the company rating was downgraded by Citigroup. The firm has “Buy” rating by Cantor Fitzgerald given on Monday, December 18. The stock has “Outperform” rating by Oppenheimer on Wednesday, November 4.

Since August 11, 2017, it had 0 insider purchases, and 6 insider sales for $28.54 million activity. BURKE ZANE M had sold 94,000 shares worth $6.34 million. 118,113 shares were sold by ILLIG CLIFFORD W, worth $7.33M. 4,000 Cerner Corporation (NASDAQ:CERN) shares with value of $279,560 were sold by Battaglioli Michael R.. Another trade for 99,470 shares valued at $7.01M was made by Nill Michael on Wednesday, September 13.

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