Arlington Value Capital Has Lifted Stake in Monro Muffler Brake (MNRO) by $30.48 Million as Stock Declined; Martin Investment Management Decreased Check Point Software Tech (CHKP) Holding as Market Value Rose

February 15, 2018 - By Marie Mckinney

Arlington Value Capital Llc increased its stake in Monro Muffler Brake Inc (MNRO) by 53.78% based on its latest 2017Q3 regulatory filing with the SEC. Arlington Value Capital Llc bought 544,291 shares as the company’s stock declined 12.59% while stock markets rallied. The hedge fund held 1.56 million shares of the consumer services company at the end of 2017Q3, valued at $87.24M, up from 1.01M at the end of the previous reported quarter. Arlington Value Capital Llc who had been investing in Monro Muffler Brake Inc for a number of months, seems to be bullish on the $1.75 billion market cap company. The stock increased 2.50% or $1.3 during the last trading session, reaching $53.4. About 263,775 shares traded. Monro, Inc. (NASDAQ:MNRO) has declined 18.88% since February 15, 2017 and is downtrending. It has underperformed by 35.58% the S&P500.

Martin Investment Management Llc decreased its stake in Check Point Software Tech (CHKP) by 7.79% based on its latest 2017Q3 regulatory filing with the SEC. Martin Investment Management Llc sold 9,236 shares as the company’s stock rose 7.13% with the market. The institutional investor held 109,345 shares of the prepackaged software company at the end of 2017Q3, valued at $12.47M, down from 118,581 at the end of the previous reported quarter. Martin Investment Management Llc who had been investing in Check Point Software Tech for a number of months, seems to be less bullish one the $16.54 billion market cap company. The stock increased 0.37% or $0.37 during the last trading session, reaching $101.2. About 1.36M shares traded. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has risen 31.64% since February 15, 2017 and is uptrending. It has outperformed by 14.94% the S&P500.

Arlington Value Capital Llc, which manages about $404.14 million and $999.51 million US Long portfolio, decreased its stake in Autonation Inc (NYSE:AN) by 185,717 shares to 1.91 million shares, valued at $90.68 million in 2017Q3, according to the filing.

Since February 5, 2018, it had 0 insider buys, and 1 sale for $555,100 activity.

Investors sentiment increased to 1.42 in Q3 2017. Its up 0.20, from 1.22 in 2017Q2. It is positive, as 25 investors sold MNRO shares while 41 reduced holdings. 31 funds opened positions while 63 raised stakes. 35.68 million shares or 7.15% more from 33.30 million shares in 2017Q2 were reported. Manufacturers Life Insurance The has invested 0% in Monro, Inc. (NASDAQ:MNRO). Timessquare Capital Mgmt Limited reported 0.44% of its portfolio in Monro, Inc. (NASDAQ:MNRO). Royal State Bank Of Canada holds 0.01% in Monro, Inc. (NASDAQ:MNRO) or 479,446 shares. Clearbridge Ltd Llc has invested 0.39% of its portfolio in Monro, Inc. (NASDAQ:MNRO). 81,991 were reported by California Employees Retirement Sys. Tower Capital Limited Liability Corporation (Trc) has 0.02% invested in Monro, Inc. (NASDAQ:MNRO). Rhumbline Advisers invested in 76,941 shares. Employees Retirement Systems Of Ohio holds 103,651 shares or 0.03% of its portfolio. Oppenheimer Asset Mgmt holds 6,689 shares or 0.01% of its portfolio. Bbva Compass State Bank holds 3,967 shares. Vanguard Gp, Pennsylvania-based fund reported 3.15M shares. Schwab Charles Inv Management accumulated 201,483 shares. Gabelli Funds Ltd Liability Com reported 0.01% of its portfolio in Monro, Inc. (NASDAQ:MNRO). Natixis reported 4,763 shares. California State Teachers Retirement Systems holds 0.01% or 50,781 shares in its portfolio.

Among 12 analysts covering Monro Muffler Brake (NASDAQ:MNRO), 4 have Buy rating, 0 Sell and 8 Hold. Therefore 33% are positive. Monro Muffler Brake had 27 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, October 12 by Jefferies. The company was maintained on Tuesday, June 20 by Oppenheimer. The stock of Monro, Inc. (NASDAQ:MNRO) earned “Neutral” rating by CL King on Monday, September 28. The firm has “Neutral” rating given on Tuesday, June 20 by Susquehanna. On Wednesday, August 5 the stock rating was upgraded by Evercore to “Hold”. The firm has “Hold” rating by Gabelli given on Tuesday, December 8. The stock of Monro, Inc. (NASDAQ:MNRO) earned “Buy” rating by Jefferies on Wednesday, July 19. Susquehanna initiated it with “Positive” rating and $66 target in Friday, August 26 report. As per Wednesday, June 14, the company rating was maintained by Jefferies. The firm earned “Hold” rating on Tuesday, October 24 by KeyBanc Capital Markets.

Martin Investment Management Llc, which manages about $585.57 million and $358.13M US Long portfolio, upped its stake in Accenture Plc (NYSE:ACN) by 10,102 shares to 81,187 shares, valued at $10.97M in 2017Q3, according to the filing.

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