Synchrony Finl (SYF) Holder Birch Hill Investment Advisors Has Lowered Its Stake by $1.12 Million as Valuation Declined; Mcdermott International (MDR) Shareholder Investment Management Of Virginia Has Lifted Holding

December 8, 2017 - By Vivian Park

Investment Management Of Virginia Llc increased its stake in Mcdermott International Inc. (MDR) by 5.24% based on its latest 2017Q2 regulatory filing with the SEC. Investment Management Of Virginia Llc bought 94,197 shares as the company’s stock declined 18.27% while stock markets rallied. The institutional investor held 1.89 million shares of the capital goods company at the end of 2017Q2, valued at $13.57 million, up from 1.80M at the end of the previous reported quarter. Investment Management Of Virginia Llc who had been investing in Mcdermott International Inc. for a number of months, seems to be bullish on the $2.02 billion market cap company. The stock increased 0.28% or $0.02 during the last trading session, reaching $7.12. About 2.23 million shares traded or 3.76% up from the average. McDermott International, Inc. (NYSE:MDR) has risen 47.07% since December 8, 2016 and is uptrending. It has outperformed by 30.37% the S&P500.

Birch Hill Investment Advisors Llc decreased its stake in Synchrony Finl (SYF) by 2.79% based on its latest 2017Q2 regulatory filing with the SEC. Birch Hill Investment Advisors Llc sold 38,657 shares as the company’s stock declined 26.83% while stock markets rallied. The institutional investor held 1.35 million shares of the consumer services company at the end of 2017Q2, valued at $40.22M, down from 1.39M at the end of the previous reported quarter. Birch Hill Investment Advisors Llc who had been investing in Synchrony Finl for a number of months, seems to be less bullish one the $29.22 billion market cap company. The stock decreased 0.13% or $0.05 during the last trading session, reaching $37.34. About 8.10M shares traded or 24.80% up from the average. Synchrony Financial (NYSE:SYF) has declined 10.35% since December 8, 2016 and is downtrending. It has underperformed by 27.05% the S&P500.

Among 11 analysts covering McDermott International (NYSE:MDR), 3 have Buy rating, 1 Sell and 7 Hold. Therefore 27% are positive. McDermott International had 27 analyst reports since August 12, 2015 according to SRatingsIntel. Howard Weil upgraded the shares of MDR in report on Monday, March 28 to “Sector Outperform” rating. Credit Suisse downgraded McDermott International, Inc. (NYSE:MDR) rating on Monday, April 4. Credit Suisse has “Neutral” rating and $4.04 target. The stock has “Hold” rating by KeyBanc Capital Markets on Friday, November 10. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Tuesday, December 20. The rating was maintained by Morgan Stanley on Tuesday, April 19 with “Underweight”. The stock has “Buy” rating by Scotia Capital on Friday, May 26. The firm earned “Neutral” rating on Friday, November 13 by Citigroup. The rating was maintained by Imperial Capital with “Outperform” on Thursday, September 17. Imperial Capital maintained it with “Outperform” rating and $5.50 target in Thursday, September 3 report. On Friday, April 28 the stock rating was maintained by Scotia Capital with “Hold”.

Investors sentiment increased to 1.39 in Q2 2017. Its up 0.37, from 1.02 in 2017Q1. It increased, as 46 investors sold MDR shares while 51 reduced holdings. 49 funds opened positions while 86 raised stakes. 246.04 million shares or 18.72% more from 207.24 million shares in 2017Q1 were reported. Moreover, Parametric Lc has 0.01% invested in McDermott International, Inc. (NYSE:MDR) for 897,419 shares. Hanson Doremus Inv Mngmt accumulated 4,265 shares. Fairpointe Cap Limited Liability Company reported 2.23% of its portfolio in McDermott International, Inc. (NYSE:MDR). Pekin Singer Strauss Asset Il has invested 0.14% of its portfolio in McDermott International, Inc. (NYSE:MDR). Van Strum And Towne Inc has 670,042 shares. Klingenstein Fields & Ltd Liability Company holds 0% of its portfolio in McDermott International, Inc. (NYSE:MDR) for 11,900 shares. Tiaa Cref Inv Mgmt Ltd Com accumulated 2.68M shares. Amer Intll Grp holds 0.01% of its portfolio in McDermott International, Inc. (NYSE:MDR) for 351,589 shares. First Tru Advsr Limited Partnership has 279,708 shares for 0.01% of their portfolio. Duncker Streett & holds 0% or 150 shares in its portfolio. Us Bankshares De holds 0% or 6,315 shares in its portfolio. Investment Counselors Of Maryland Ltd Liability Corporation owns 3.69 million shares for 1.37% of their portfolio. Manufacturers Life Ins Communication The holds 216,914 shares or 0% of its portfolio. Waters Parkerson Communication Limited Company reported 0.01% stake. Ls Inv Advsrs Ltd Liability holds 0% or 10,400 shares in its portfolio.

Another recent and important McDermott International, Inc. (NYSE:MDR) news was published by Seekingalpha.com which published an article titled: “McDermott wins ‘major’ Middle East contract award” on November 09, 2017.

Birch Hill Investment Advisors Llc, which manages about $1.24 billion and $1.13 billion US Long portfolio, upped its stake in Ishares Tr (IVV) by 2,036 shares to 25,118 shares, valued at $6.11M in 2017Q2, according to the filing. It also increased its holding in Costco Whsl Corp New (NASDAQ:COST) by 9,606 shares in the quarter, for a total of 178,838 shares, and has risen its stake in Laboratory Corp Amer Hldgs (NYSE:LH).

Analysts await Synchrony Financial (NYSE:SYF) to report earnings on January, 19. They expect $0.68 earnings per share, down 2.86% or $0.02 from last year’s $0.7 per share. SYF’s profit will be $532.16 million for 13.73 P/E if the $0.68 EPS becomes a reality. After $0.70 actual earnings per share reported by Synchrony Financial for the previous quarter, Wall Street now forecasts -2.86% negative EPS growth.

Among 27 analysts covering Synchrony Financial (NYSE:SYF), 19 have Buy rating, 0 Sell and 8 Hold. Therefore 70% are positive. Synchrony Financial has $44 highest and $31 lowest target. $37.41’s average target is 0.19% above currents $37.34 stock price. Synchrony Financial had 58 analyst reports since July 20, 2015 according to SRatingsIntel. The stock of Synchrony Financial (NYSE:SYF) has “Market Outperform” rating given on Monday, October 23 by JMP Securities. As per Wednesday, January 13, the company rating was initiated by DA Davidson. The firm has “Buy” rating given on Tuesday, August 22 by Keefe Bruyette & Woods. Oppenheimer maintained Synchrony Financial (NYSE:SYF) on Friday, July 21 with “Hold” rating. The rating was upgraded by Nomura on Tuesday, October 20 to “Buy”. Oppenheimer initiated the stock with “Perform” rating in Tuesday, April 11 report. Jefferies maintained Synchrony Financial (NYSE:SYF) on Wednesday, June 15 with “Buy” rating. As per Friday, October 6, the company rating was downgraded by Bank of America. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, June 15. BMO Capital Markets maintained Synchrony Financial (NYSE:SYF) rating on Wednesday, May 31. BMO Capital Markets has “Buy” rating and $3800 target.

More notable recent Synchrony Financial (NYSE:SYF) news were published by: Businesswire.com which released: “Synchrony Financial Achieves Top Score for Corporate Equality Index Three …” on November 09, 2017, also Fortune.com with their article: “The Best Workplaces for Diversity” published on December 05, 2017, Techcrunch.com published: “PayPal to sell $6 billion in consumer loans to Synchrony Financial” on November 16, 2017. More interesting news about Synchrony Financial (NYSE:SYF) were released by: Streetinsider.com and their article: “Synchrony Financial (SYF) PT Raised to $41 at Nomura/Instinet; ‘Increasing …” published on December 04, 2017 as well as Seekingalpha.com‘s news article titled: “Synchrony Financial: Greater Risks/Rewards” with publication date: November 20, 2017.

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