Steelhead Partners Increased Its Globalstar (GSAT) Position by $3.00 Million as Market Value Declined; Trust Department Mb Financial Bank N A Has Decreased Stake in Cvs Health (CVS) as Share Price Declined

May 17, 2018 - By whatsonthorold

CVS Health Corporation (NYSE:CVS) Logo

Michael Johnston increased its stake in Globalstar Inc (GSAT) by 11.4% based on its latest 2017Q4 regulatory filing with the SEC. Steelhead Partners Llc bought 3.00 million shares as the company’s stock declined 47.06% with the market. The hedge fund run by Michael Johnston held 29.32M shares of the consumer services company at the end of 2017Q4, valued at $38.42 million, up from 26.32 million at the end of the previous reported quarter. Steelhead Partners Llc who had been investing in Globalstar Inc for a number of months, seems to be bullish on the $850.20M market cap company. The stock increased 2.34% or $0.0154 during the last trading session, reaching $0.6731. About 3.11M shares traded. Globalstar, Inc. (NYSEMKT:GSAT) has declined 57.71% since May 17, 2017 and is downtrending. It has underperformed by 69.26% the S&P500.

Trust Department Mb Financial Bank N A decreased its stake in Cvs Health Corp (CVS) by 85.19% based on its latest 2017Q4 regulatory filing with the SEC. Trust Department Mb Financial Bank N A sold 62,548 shares as the company’s stock declined 17.45% with the market. The institutional investor held 10,873 shares of the medical and nursing services company at the end of 2017Q4, valued at $788,000, down from 73,421 at the end of the previous reported quarter. Trust Department Mb Financial Bank N A who had been investing in Cvs Health Corp for a number of months, seems to be less bullish one the $67.23 billion market cap company. The stock increased 0.44% or $0.29 during the last trading session, reaching $66.13. About 5.97M shares traded. CVS Health Corporation (NYSE:CVS) has declined 22.81% since May 17, 2017 and is downtrending. It has underperformed by 34.36% the S&P500.

Investors sentiment decreased to 2.02 in 2017 Q4. Its down 0.07, from 2.09 in 2017Q3. It turned negative, as 14 investors sold GSAT shares while 28 reduced holdings. 25 funds opened positions while 60 raised stakes. 341.83 million shares or 23.12% more from 277.65 million shares in 2017Q3 were reported. Burney stated it has 0% in Globalstar, Inc. (NYSEAMERICAN:GSAT). Numina Ltd stated it has 0.56% in Globalstar, Inc. (NYSEAMERICAN:GSAT). Arbiter Prns Mngmt Ltd Co has 104,880 shares for 0.02% of their portfolio. 1.33 million are held by Credit Suisse Ag. Moreover, Invesco Ltd has 0% invested in Globalstar, Inc. (NYSEAMERICAN:GSAT). Marshall Wace Limited Liability Partnership owns 536,979 shares or 0.03% of their US portfolio. Gotham Asset Ltd Liability Company has 0% invested in Globalstar, Inc. (NYSEAMERICAN:GSAT). Hsbc Holdings Public Ltd Com invested in 10,043 shares. 185,863 are owned by Teacher Retirement Systems Of Texas. Cetera Limited Liability Company holds 12,130 shares or 0% of its portfolio. 36,373 are held by Balyasny Asset Lc. 29.32 million are held by Steelhead Partners Ltd Liability Corp. Rhumbline Advisers stated it has 0% of its portfolio in Globalstar, Inc. (NYSEAMERICAN:GSAT). 4.01M are owned by Jpmorgan Chase. Pnc Financial Service Gru Incorporated accumulated 80,000 shares.

Steelhead Partners Llc, which manages about $1.95 billion and $1.17B US Long portfolio, decreased its stake in Ares Cap Corp (Prn) by 19.31M shares to 700,000 shares, valued at $716,000 in 2017Q4, according to the filing. It also reduced its holding in Ares Cap Corp (Prn) by 27.91 million shares in the quarter, leaving it with 790,000 shares, and cut its stake in Goldman Sachs Bdc Inc.

Since December 12, 2017, it had 0 buys, and 1 insider sale for $44.08 million activity.

Investors sentiment decreased to 0.72 in Q4 2017. Its down 0.16, from 0.88 in 2017Q3. It turned negative, as 115 investors sold CVS shares while 600 reduced holdings. 134 funds opened positions while 380 raised stakes. 815.59 million shares or 1.76% more from 801.45 million shares in 2017Q3 were reported. Hamel Associates Inc has 0.36% invested in CVS Health Corporation (NYSE:CVS). Accredited has invested 0.06% of its portfolio in CVS Health Corporation (NYSE:CVS). First Citizens Retail Bank And Trust has 0.29% invested in CVS Health Corporation (NYSE:CVS). Old Mutual Customised Solutions (Proprietary) Limited reported 0.19% of its portfolio in CVS Health Corporation (NYSE:CVS). Culbertson A N invested in 2.21% or 108,184 shares. Commercial Bank Of America De has invested 0.11% in CVS Health Corporation (NYSE:CVS). Bangor Bankshares stated it has 0.05% of its portfolio in CVS Health Corporation (NYSE:CVS). Waddell Reed Fin holds 0.12% or 732,969 shares. Folger Nolan Fleming Douglas Mngmt Incorporated holds 0.09% or 8,422 shares in its portfolio. Mercer Advisers Inc, a New Jersey-based fund reported 1,500 shares. Tiemann Inv Advsr Ltd Liability Corporation holds 4,400 shares or 0.25% of its portfolio. Ancora Advisors Limited Liability Corporation owns 0.22% invested in CVS Health Corporation (NYSE:CVS) for 57,602 shares. Quinn Opportunity Prtnrs Ltd Liability accumulated 12,850 shares. Menta Ltd Co has invested 0.13% of its portfolio in CVS Health Corporation (NYSE:CVS). Meridian Mgmt Co holds 0.7% of its portfolio in CVS Health Corporation (NYSE:CVS) for 20,815 shares.

Analysts await CVS Health Corporation (NYSE:CVS) to report earnings on August, 14. They expect $1.61 EPS, up 21.05% or $0.28 from last year’s $1.33 per share. CVS’s profit will be $1.64 billion for 10.27 P/E if the $1.61 EPS becomes a reality. After $1.48 actual EPS reported by CVS Health Corporation for the previous quarter, Wall Street now forecasts 8.78% EPS growth.

Since February 16, 2018, it had 2 insider buys, and 1 insider sale for $713,454 activity. Another trade for 10,000 shares valued at $619,900 was bought by BROWN C DAVID II. Another trade for 19,965 shares valued at $1.42 million was made by Foulkes Helena on Friday, February 16.

More notable recent CVS Health Corporation (NYSE:CVS) news were published by: 247Wallst.com which released: “Alibaba, CVS, Tesla and Other Earnings to Watch For This Week” on April 29, 2018, also Seekingalpha.com with their article: “CVS Health: A Store-Level Look At The Proposed Healthcare Giant” published on April 26, 2018, Nasdaq.com published: “3 Top Stocks With High Dividend Yields” on May 15, 2018. More interesting news about CVS Health Corporation (NYSE:CVS) were released by: Seekingalpha.com and their article: “CVS: Going Long, And Understanding The Aetna Deal” published on April 30, 2018 as well as Seekingalpha.com‘s news article titled: “Trade Mistake 3: CVS Boredom Trade” with publication date: May 09, 2018.

Trust Department Mb Financial Bank N A, which manages about $957.81M US Long portfolio, upped its stake in General Mills Inc (NYSE:GIS) by 20,925 shares to 23,033 shares, valued at $1.37M in 2017Q4, according to the filing. It also increased its holding in Ishares S&P 500 Index Fund (IVV) by 10,145 shares in the quarter, for a total of 271,594 shares, and has risen its stake in Federated Ultra Short Bond Fd #108 (FULIX).

CVS Health Corporation (NYSE:CVS) Institutional Positions Chart

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