Midas Management Has Lowered Wal (WMT) Stake as Valuation Declined; Kestrel Investment Management Increases Stake in Pcm (PCMI)

April 19, 2018 - By Michael Collier

Walmart Inc. (NYSE:WMT) Logo

Kestrel Investment Management Corp increased its stake in Pcm Inc (PCMI) by 1232.83% based on its latest 2017Q4 regulatory filing with the SEC. Kestrel Investment Management Corp bought 184,925 shares as the company’s stock declined 14.29% with the market. The institutional investor held 199,925 shares of the consumer services company at the end of 2017Q4, valued at $1.98 million, up from 15,000 at the end of the previous reported quarter. Kestrel Investment Management Corp who had been investing in Pcm Inc for a number of months, seems to be bullish on the $117.92M market cap company. The stock increased 1.52% or $0.15 during the last trading session, reaching $10. About 88,542 shares traded. PCM, Inc. (NASDAQ:PCMI) has declined 70.06% since April 19, 2017 and is downtrending. It has underperformed by 81.61% the S&P500.

Midas Management Corp decreased its stake in Wal (WMT) by 21% based on its latest 2017Q4 regulatory filing with the SEC. Midas Management Corp sold 8,600 shares as the company’s stock declined 12.38% with the market. The institutional investor held 32,350 shares of the consumer services company at the end of 2017Q4, valued at $3.20 million, down from 40,950 at the end of the previous reported quarter. Midas Management Corp who had been investing in Wal for a number of months, seems to be less bullish one the $258.39 billion market cap company. The stock decreased 0.38% or $0.33 during the last trading session, reaching $87.57. About 5.85M shares traded. Walmart Inc. (NYSE:WMT) has risen 23.53% since April 19, 2017 and is uptrending. It has outperformed by 11.98% the S&P500.

Kestrel Investment Management Corp, which manages about $836.08M and $287.03 million US Long portfolio, decreased its stake in Pinnacle Entertainment Inc by 13,400 shares to 362,500 shares, valued at $11.87 million in 2017Q4, according to the filing. It also reduced its holding in Bloomin Brands Inc (NASDAQ:BLMN) by 17,200 shares in the quarter, leaving it with 438,825 shares, and cut its stake in Amn Healthcare Svcs Inc (NYSE:AHS).

Among 4 analysts covering PCM Inc (NASDAQ:PCMI), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. PCM Inc had 9 analyst reports since July 21, 2016 according to SRatingsIntel. Roth Capital initiated it with “Buy” rating and $16 target in Thursday, July 21 report. The stock of PCM, Inc. (NASDAQ:PCMI) earned “Neutral” rating by Roth Capital on Thursday, August 25. Roth Capital maintained PCM, Inc. (NASDAQ:PCMI) rating on Thursday, March 8. Roth Capital has “Buy” rating and $14.75 target. The firm earned “Buy” rating on Tuesday, November 7 by B. Riley & Co. The stock of PCM, Inc. (NASDAQ:PCMI) earned “Neutral” rating by TH Capital on Thursday, August 25. As per Thursday, October 27, the company rating was upgraded by Roth Capital. The stock has “Buy” rating by TH Capital on Thursday, October 27.

Investors sentiment decreased to 0.99 in Q4 2017. Its down 0.03, from 1.02 in 2017Q3. It worsened, as 68 investors sold WMT shares while 541 reduced holdings. 165 funds opened positions while 435 raised stakes. 865.70 million shares or 1.77% less from 881.34 million shares in 2017Q3 were reported. Greystone Managed Inc reported 0.46% in Walmart Inc. (NYSE:WMT). Reynders Mcveigh Cap has 3,229 shares. Chelsea Counsel Com stated it has 75,375 shares. 7,785 are owned by Oakworth. Dekabank Deutsche Girozentrale has invested 0.57% in Walmart Inc. (NYSE:WMT). Endurance Wealth Mngmt Inc owns 990 shares. 33,291 were accumulated by Texas Yale Cap. 3,735 were reported by Oarsman. Wafra Investment Advisory Group Incorporated invested 0.02% in Walmart Inc. (NYSE:WMT). Cranbrook Wealth Mngmt Limited Liability Company has invested 0.02% in Walmart Inc. (NYSE:WMT). Bradley Foster & Sargent Ct reported 8,435 shares. Lawson Kroeker Inv Incorporated Ne has 3.06% invested in Walmart Inc. (NYSE:WMT). Livingston Asset Mgmt (Operating As Southport Capital Management) stated it has 3,390 shares or 0.13% of all its holdings. Etrade Cap Limited Liability Co reported 0.03% stake. Mitsubishi Ufj Tru And Bk holds 0.55% of its portfolio in Walmart Inc. (NYSE:WMT) for 3.20M shares.

Analysts await Walmart Inc. (NYSE:WMT) to report earnings on May, 17. They expect $1.12 earnings per share, up 12.00% or $0.12 from last year’s $1 per share. WMT’s profit will be $3.30 billion for 19.55 P/E if the $1.12 EPS becomes a reality. After $1.33 actual earnings per share reported by Walmart Inc. for the previous quarter, Wall Street now forecasts -15.79% negative EPS growth.

Since December 11, 2017, it had 0 buys, and 1 sale for $200,291 activity.

Walmart Inc. (NYSE:WMT) Institutional Positions Chart

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