State Board Of Administration Of Florida Retirement System Has Boosted Cadence Design System (CDNS) Position by $381,833; Market Valuation Declined; Manor Road Capital Partners Has Lowered Prestige Brands Hldgs (PBH) Holding by $6.34 Million

May 13, 2018 - By Adrian Erickson

Prestige Brands Holdings, Inc. (NYSE:PBH) Logo

John Ku decreased its stake in Prestige Brands Hldgs Inc (PBH) by 2.93% based on its latest 2017Q4 regulatory filing with the SEC. Manor Road Capital Partners Llc sold 144,000 shares as the company’s stock declined 24.62% with the market. The hedge fund run by John Ku held 4.78M shares of the health care company at the end of 2017Q4, valued at $212.10 million, down from 4.92M at the end of the previous reported quarter. Manor Road Capital Partners Llc who had been investing in Prestige Brands Hldgs Inc for a number of months, seems to be less bullish one the $1.90 billion market cap company. The stock increased 1.62% or $0.57 during the last trading session, reaching $35.82. About 1.43M shares traded or 74.53% up from the average. Prestige Brands Holdings, Inc. (NYSE:PBH) has declined 40.38% since May 13, 2017 and is downtrending. It has underperformed by 51.93% the S&P500.

State Board Of Administration Of Florida Retirement System increased its stake in Cadence Design System Inc (CDNS) by 2.16% based on its latest 2017Q4 regulatory filing with the SEC. State Board Of Administration Of Florida Retirement System bought 9,313 shares as the company’s stock declined 13.87% with the market. The institutional investor held 441,256 shares of the technology company at the end of 2017Q4, valued at $18.45 million, up from 431,943 at the end of the previous reported quarter. State Board Of Administration Of Florida Retirement System who had been investing in Cadence Design System Inc for a number of months, seems to be bullish on the $11.97B market cap company. The stock increased 0.05% or $0.02 during the last trading session, reaching $42.25. About 1.91M shares traded. Cadence Design Systems, Inc. (NASDAQ:CDNS) has risen 14.90% since May 13, 2017 and is uptrending. It has outperformed by 3.35% the S&P500.

Among 10 analysts covering Cadence Design Systems Inc (NASDAQ:CDNS), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. Cadence Design Systems Inc had 29 analyst reports since July 29, 2015 according to SRatingsIntel. On Thursday, August 31 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) has “Neutral” rating given on Wednesday, October 19 by Credit Suisse. DA Davidson upgraded the shares of CDNS in report on Monday, October 10 to “Buy” rating. Bank of America maintained the shares of CDNS in report on Tuesday, July 25 with “Buy” rating. As per Thursday, February 1, the company rating was maintained by Credit Suisse. As per Friday, May 26, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating by Needham given on Thursday, September 14. The company was downgraded on Wednesday, April 6 by DA Davidson. The firm has “Outperform” rating by Northland Capital given on Tuesday, October 27. The rating was downgraded by Needham to “Hold” on Tuesday, June 14.

Since December 11, 2017, it had 0 insider purchases, and 11 sales for $14.73 million activity. $1.54M worth of stock was sold by DEVGAN ANIRUDH on Thursday, March 1. Shares for $1.12M were sold by TAN LIP BU. $1.75M worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) shares were sold by ZAMAN ANEEL. Another trade for 50,000 shares valued at $2.25 million was sold by SHOVEN JOHN B.

Investors sentiment increased to 1.59 in Q4 2017. Its up 0.23, from 1.36 in 2017Q3. It is positive, as 18 investors sold CDNS shares while 111 reduced holdings. 72 funds opened positions while 133 raised stakes. 235.53 million shares or 0.57% more from 234.20 million shares in 2017Q3 were reported. Cleararc accumulated 7,205 shares or 0.04% of the stock. Ls Investment Advsr Ltd Com holds 14,781 shares or 0.04% of its portfolio. 83,980 were accumulated by Zacks Investment Mgmt. Loring Wolcott & Coolidge Fiduciary Llp Ma holds 0% or 42 shares. Frontier Capital Mngmt Ltd Liability Corporation stated it has 1.47M shares or 0.45% of all its holdings. Mitsubishi Ufj Securities stated it has 1,640 shares. Engineers Gate Manager Limited Partnership holds 24,317 shares. Moreover, Meiji Yasuda Asset Mngmt Ltd has 0.06% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 13,980 shares. Janney Cap Ltd Llc stated it has 0.01% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS). Alliancebernstein LP reported 478,892 shares. Vident Advisory Limited Com has 0.82% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS). Coldstream Cap Mngmt Inc stated it has 0.02% in Cadence Design Systems, Inc. (NASDAQ:CDNS). D E Shaw Inc reported 386,323 shares stake. 619 were reported by Sun Life Fin. Jacobs Levy Equity Management invested in 0.21% or 288,148 shares.

State Board Of Administration Of Florida Retirement System, which manages about $37.66B US Long portfolio, decreased its stake in Alliance Data Systems Corp (NYSE:ADS) by 15,727 shares to 63,732 shares, valued at $16.16 million in 2017Q4, according to the filing. It also reduced its holding in Duke Energy Corp New (NYSE:DUK) by 40,489 shares in the quarter, leaving it with 996,007 shares, and cut its stake in Northrop Grumman Corp (NYSE:NOC).

More notable recent Prestige Brands Holdings, Inc. (NYSE:PBH) news were published by: Benzinga.com which released: “Mid-Day Market Update: Dow Rises 150 Points; Hudson Technologies Shares Plunge” on May 10, 2018, also Seekingalpha.com with their article: “Prestige Brands Holdings (PBH) Q4 2018 Results – Earnings Call Transcript” published on May 10, 2018, Benzinga.com published: “Earnings Scheduled For May 10, 2018” on May 10, 2018. More interesting news about Prestige Brands Holdings, Inc. (NYSE:PBH) were released by: Seekingalpha.com and their article: “Merck Is Inexpensive – Cramer’s Lightning Round (5/7/18)” published on May 08, 2018 as well as Benzinga.com‘s news article titled: “55 Biggest Movers From Yesterday” with publication date: May 11, 2018.

Manor Road Capital Partners Llc, which manages about $404.00 million and $669.64M US Long portfolio, upped its stake in Monro Inc (NASDAQ:MNRO) by 420,000 shares to 600,000 shares, valued at $34.17M in 2017Q4, according to the filing.

Prestige Brands Holdings, Inc. (NYSE:PBH) Institutional Positions Chart

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