Hrg Group (HRG) Shareholder Msdc Management LP Has Lowered Holding by $17.27 Million; Shareholder Nomura Holdings Has Upped Cerner (CERN) Holding

May 16, 2018 - By wolcottdaily

Cerner Corporation (NASDAQ:CERN) Logo

Nomura Holdings Inc increased its stake in Cerner Corp (CERN) by 109.83% based on its latest 2017Q4 regulatory filing with the SEC. Nomura Holdings Inc bought 17,561 shares as the company’s stock declined 14.44% with the market. The institutional investor held 33,550 shares of the edp services company at the end of 2017Q4, valued at $2.27M, up from 15,989 at the end of the previous reported quarter. Nomura Holdings Inc who had been investing in Cerner Corp for a number of months, seems to be bullish on the $19.35B market cap company. The stock decreased 1.27% or $0.75 during the last trading session, reaching $58.3. About 1.85M shares traded. Cerner Corporation (NASDAQ:CERN) has declined 2.77% since May 16, 2017 and is downtrending. It has underperformed by 14.32% the S&P500.

Msdc Management Lp decreased its stake in Hrg Group Inc (HRG) by 51.35% based on its latest 2017Q4 regulatory filing with the SEC. Msdc Management Lp sold 1.08M shares as the company’s stock declined 17.45% with the market. The hedge fund held 1.02M shares of the miscellaneous company at the end of 2017Q4, valued at $17.34 million, down from 2.10M at the end of the previous reported quarter. Msdc Management Lp who had been investing in Hrg Group Inc for a number of months, seems to be less bullish one the $2.37B market cap company. The stock decreased 1.68% or $0.2 during the last trading session, reaching $11.69. About 6.00M shares traded or 106.90% up from the average. HRG Group, Inc. (NYSE:HRG) has declined 24.44% since May 16, 2017 and is downtrending. It has underperformed by 35.99% the S&P500.

More notable recent Cerner Corporation (NASDAQ:CERN) news were published by: Globenewswire.com which released: “Cerner to Hold 2018 Shareholder Meeting May 18” on May 11, 2018, also Seekingalpha.com with their article: “Cerner -7.7% on Q1 rev. miss, downside guidance” published on May 02, 2018, Nasdaq.com published: “Cerner and Uniform Data System for Medical Rehabilitation Create Standardized Integration” on May 15, 2018. More interesting news about Cerner Corporation (NASDAQ:CERN) were released by: Globenewswire.com and their article: “Mayo Regional Hospital Selects Cerner CommunityWorks” published on May 08, 2018 as well as Seekingalpha.com‘s news article titled: “Premarket analyst action – healthcare” with publication date: April 23, 2018.

Since December 13, 2017, it had 0 insider buys, and 5 selling transactions for $38.05 million activity. Shares for $279,560 were sold by Battaglioli Michael R. on Wednesday, December 13. TOWNSEND JEFFREY A also sold $14.25 million worth of Cerner Corporation (NASDAQ:CERN) shares. The insider ILLIG CLIFFORD W sold $174,960.

Nomura Holdings Inc, which manages about $56.24B US Long portfolio, decreased its stake in Encana Corp (NYSE:ECA) by 72,776 shares to 14,724 shares, valued at $196,000 in 2017Q4, according to the filing. It also reduced its holding in Lowe’s Cos Inc (Put) (NYSE:LOW) by 50,000 shares in the quarter, leaving it with 50,000 shares, and cut its stake in Amicus Therapeutics Inc (NASDAQ:FOLD).

Among 29 analysts covering Cerner Corporation (NASDAQ:CERN), 15 have Buy rating, 0 Sell and 14 Hold. Therefore 52% are positive. Cerner Corporation had 115 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Hold” rating by Oppenheimer on Monday, June 5. Evercore maintained Cerner Corporation (NASDAQ:CERN) on Wednesday, August 5 with “Buy” rating. The firm has “Hold” rating by Robert W. Baird given on Monday, October 2. The stock has “Buy” rating by RBC Capital Markets on Monday, April 2. The company was maintained on Monday, December 18 by Cantor Fitzgerald. Canaccord Genuity maintained it with “Buy” rating and $6600 target in Friday, June 2 report. Cantor Fitzgerald maintained it with “Buy” rating and $77.0 target in Tuesday, October 10 report. Robert W. Baird downgraded it to “Neutral” rating and $58 target in Wednesday, November 2 report. UBS initiated Cerner Corporation (NASDAQ:CERN) on Thursday, October 6 with “Neutral” rating. The stock of Cerner Corporation (NASDAQ:CERN) has “Buy” rating given on Sunday, April 1 by KeyBanc Capital Markets.

Cerner Corporation (NASDAQ:CERN) Institutional Positions Chart

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