Crescent Park Management LP Has Cut Holding in Mckesson (MCK) by $541,200; City Of London Investment Management Co LTD Boosted Position in Sprott Focus Trust (FUND) as Valuation Rose

December 8, 2017 - By Hazel Jackson

Crescent Park Management Lp decreased its stake in Mckesson Corp (MCK) by 4.93% based on its latest 2017Q2 regulatory filing with the SEC. Crescent Park Management Lp sold 3,300 shares as the company’s stock rose 1.84% with the market. The institutional investor held 63,600 shares of the other pharmaceuticals company at the end of 2017Q2, valued at $10.47 million, down from 66,900 at the end of the previous reported quarter. Crescent Park Management Lp who had been investing in Mckesson Corp for a number of months, seems to be less bullish one the $31.27B market cap company. The stock decreased 0.31% or $0.46 during the last trading session, reaching $150.01. About 1.32 million shares traded. McKesson Corporation (NYSE:MCK) has declined 15.45% since December 8, 2016 and is downtrending. It has underperformed by 32.15% the S&P500.

City Of London Investment Management Co Ltd increased its stake in Sprott Focus Trust (FUND) by 6.2% based on its latest 2017Q2 regulatory filing with the SEC. City Of London Investment Management Co Ltd bought 45,866 shares as the company’s stock rose 0.79% with the market. The institutional investor held 785,142 shares of the consumer services company at the end of 2017Q2, valued at $5.79M, up from 739,276 at the end of the previous reported quarter. City Of London Investment Management Co Ltd who had been investing in Sprott Focus Trust for a number of months, seems to be bullish on the $189.61M market cap company. The stock decreased 0.25% or $0.02 during the last trading session, reaching $7.9. About 18,480 shares traded. Sprott Focus Trust, Inc. (NASDAQ:FUND) has risen 25.12% since December 8, 2016 and is uptrending. It has outperformed by 8.42% the S&P500.

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.02, from 0.97 in 2017Q1. It fall, as 66 investors sold MCK shares while 305 reduced holdings. 100 funds opened positions while 253 raised stakes. 176.11 million shares or 4.62% less from 184.63 million shares in 2017Q1 were reported. Scotia Capital has invested 0.15% in McKesson Corporation (NYSE:MCK). Ls Invest Llc holds 6,599 shares or 0.07% of its portfolio. Wasatch Advsr Incorporated holds 38,271 shares. Northwestern Mutual Wealth Mngmt Com reported 7,605 shares or 0.01% of all its holdings. Blackrock Inc reported 15.33 million shares or 0.13% of all its holdings. Kentucky Retirement Insur Tru Fund, a Kentucky-based fund reported 5,776 shares. Boothbay Fund Mngmt Llc, New York-based fund reported 2,138 shares. Boyd Watterson Asset Mgmt Limited Oh reported 2,956 shares. First Personal Financial Service reported 5,308 shares stake. Eqis Cap Management holds 0.06% or 6,479 shares. Groesbeck Inv Mngmt Corporation Nj has invested 0.46% in McKesson Corporation (NYSE:MCK). State Of Wisconsin Invest Board owns 307,370 shares for 0.16% of their portfolio. 26,208 were accumulated by Norinchukin Bancorporation The. Cwm Ltd Liability Com has 0.02% invested in McKesson Corporation (NYSE:MCK). Buckingham Asset Mngmt Lc holds 0.08% or 1,961 shares in its portfolio.

Analysts await McKesson Corporation (NYSE:MCK) to report earnings on January, 24. They expect $2.95 EPS, down 2.64% or $0.08 from last year’s $3.03 per share. MCK’s profit will be $614.99 million for 12.71 P/E if the $2.95 EPS becomes a reality. After $3.28 actual EPS reported by McKesson Corporation for the previous quarter, Wall Street now forecasts -10.06% negative EPS growth.

Among 21 analysts covering McKesson Corporation (NYSE:MCK), 10 have Buy rating, 1 Sell and 10 Hold. Therefore 48% are positive. McKesson Corporation has $275 highest and $130.0 lowest target. $190.16’s average target is 26.76% above currents $150.01 stock price. McKesson Corporation had 71 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of McKesson Corporation (NYSE:MCK) has “Buy” rating given on Tuesday, October 27 by Mizuho. The stock of McKesson Corporation (NYSE:MCK) earned “Outperform” rating by FBR Capital on Thursday, July 30. Mizuho maintained the shares of MCK in report on Monday, January 18 with “Buy” rating. The stock of McKesson Corporation (NYSE:MCK) earned “Hold” rating by Zacks on Wednesday, August 26. The rating was maintained by Mizuho on Thursday, August 11 with “Neutral”. The stock has “Buy” rating by Needham on Monday, October 30. Avondale upgraded the shares of MCK in report on Wednesday, January 18 to “Mkt Outperform” rating. The stock of McKesson Corporation (NYSE:MCK) earned “Outperform” rating by Raymond James on Wednesday, January 6. Credit Suisse downgraded the stock to “Underperform” rating in Wednesday, November 23 report. The firm has “Buy” rating given on Tuesday, January 12 by Deutsche Bank.

More news for McKesson Corporation (NYSE:MCK) were recently published by: Nasdaq.com, which released: “McKesson Corporation (MCK) Ex-Dividend Date Scheduled for November 30, 2017” on November 29, 2017. Seekingalpha.com‘s article titled: “McKesson Agrees To Acquire RxCrossroads For Specialty Pharma Push” and published on November 09, 2017 is yet another important article.

Crescent Park Management Lp, which manages about $466.84M and $531.80M US Long portfolio, upped its stake in Hca Healthcare Inc (NYSE:HCA) by 116,949 shares to 248,449 shares, valued at $21.67M in 2017Q2, according to the filing. It also increased its holding in Td Ameritrade Hldg Corp (NYSE:AMTD) by 40,872 shares in the quarter, for a total of 989,642 shares, and has risen its stake in Alphabet Inc.

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