Holder River & Mercantile Asset Management Llp Boosted Discovery Communications (DISCA) Position; As Express (EXPR) Stock Price Declined, Holder Penn Capital Management Co Has Decreased by $2.19 Million Its Holding

May 18, 2018 - By Linda Rogers

Express, Inc. (NYSE:EXPR) Logo

River & Mercantile Asset Management Llp increased its stake in Discovery Communications Inc (DISCA) by 32.64% based on its latest 2017Q4 regulatory filing with the SEC. River & Mercantile Asset Management Llp bought 42,960 shares as the company’s stock declined 8.64% with the market. The institutional investor held 174,560 shares of the consumer services company at the end of 2017Q4, valued at $3.91M, up from 131,600 at the end of the previous reported quarter. River & Mercantile Asset Management Llp who had been investing in Discovery Communications Inc for a number of months, seems to be bullish on the $16.64 billion market cap company. The stock decreased 2.83% or $0.67 during the last trading session, reaching $23.02. About 7.08M shares traded or 19.06% up from the average. Discovery, Inc. (NASDAQ:DISCA) has declined 21.53% since May 18, 2017 and is downtrending. It has underperformed by 33.08% the S&P500.

Scott A. Bedford decreased its stake in Express Inc (EXPR) by 34.47% based on its latest 2017Q4 regulatory filing with the SEC. Penn Capital Management Co Inc sold 219,390 shares as the company’s stock declined 31.64% with the market. The hedge fund run by Scott A. Bedford held 417,099 shares of the consumer services company at the end of 2017Q4, valued at $4.23M, down from 636,489 at the end of the previous reported quarter. Penn Capital Management Co Inc who had been investing in Express Inc for a number of months, seems to be less bullish one the $681.80 million market cap company. The stock decreased 0.66% or $0.06 during the last trading session, reaching $9.05. About 1.13 million shares traded. Express, Inc. (NYSE:EXPR) has declined 18.42% since May 18, 2017 and is downtrending. It has underperformed by 29.97% the S&P500.

Another recent and important Express, Inc. (NYSE:EXPR) news was published by Seekingalpha.com which published an article titled: “Macy’s steps in as mall hero” on May 16, 2018.

Among 18 analysts covering Express Inc. (NYSE:EXPR), 5 have Buy rating, 2 Sell and 11 Hold. Therefore 28% are positive. Express Inc. had 39 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was downgraded by Wedbush on Wednesday, August 24 to “Neutral”. The firm has “Sell” rating by Goldman Sachs given on Friday, November 20. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, January 9. The stock has “Neutral” rating by SunTrust on Thursday, August 27. M Partners maintained the shares of EXPR in report on Wednesday, April 19 with “Neutral” rating. On Wednesday, August 24 the stock rating was downgraded by Piper Jaffray to “Neutral”. The stock of Express, Inc. (NYSE:EXPR) earned “Buy” rating by Mizuho on Wednesday, August 26. The firm earned “Hold” rating on Tuesday, January 9 by SunTrust. The stock has “Hold” rating by Deutsche Bank on Wednesday, August 24. SunTrust maintained Express, Inc. (NYSE:EXPR) rating on Thursday, September 28. SunTrust has “Hold” rating and $6.0 target.

Analysts await Express, Inc. (NYSE:EXPR) to report earnings on June, 7. They expect $-0.01 earnings per share, up 85.71% or $0.06 from last year’s $-0.07 per share. After $0.34 actual earnings per share reported by Express, Inc. for the previous quarter, Wall Street now forecasts -102.94% negative EPS growth.

Penn Capital Management Co Inc, which manages about $7.64B and $1.43B US Long portfolio, upped its stake in Summit Matls Inc by 61,388 shares to 657,511 shares, valued at $20.85M in 2017Q4, according to the filing. It also increased its holding in Blackhawk Network Hldgs Inc (NASDAQ:HAWK) by 42,902 shares in the quarter, for a total of 301,062 shares, and has risen its stake in Civista Bancshares Inc.

Investors sentiment decreased to 0.87 in Q4 2017. Its down 0.05, from 0.92 in 2017Q3. It fall, as 74 investors sold DISCA shares while 172 reduced holdings. 93 funds opened positions while 121 raised stakes. 228.72 million shares or 11.88% more from 204.44 million shares in 2017Q3 were reported. California State Teachers Retirement Sys holds 286,112 shares. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Discovery, Inc. (NASDAQ:DISCA) for 85,719 shares. Creative Planning invested in 9,757 shares. Bruni J V And stated it has 2.68% of its portfolio in Discovery, Inc. (NASDAQ:DISCA). Jane Street Group Incorporated Ltd Liability owns 161,300 shares. Jpmorgan Chase And holds 0% or 197,845 shares. 24,521 are held by Commonwealth Of Pennsylvania School Empls Retrmt Systems. Research stated it has 0.06% of its portfolio in Discovery, Inc. (NASDAQ:DISCA). Waldron Ltd Partnership has 14,822 shares. 104 are held by Earnest Prns Llc. Baystate Wealth Ltd Company holds 40 shares. 261,216 were accumulated by Bluecrest Mgmt. Tci Wealth Advsrs accumulated 179 shares or 0% of the stock. Tig Limited Liability Company reported 529,942 shares stake. Arizona State Retirement Sys holds 0.01% or 51,489 shares.

River & Mercantile Asset Management Llp, which manages about $4.01 billion and $892.31 million US Long portfolio, decreased its stake in Mckesson Corp (NYSE:MCK) by 2,990 shares to 174,834 shares, valued at $27.27M in 2017Q4, according to the filing. It also reduced its holding in Priceline Group Inc/The (NASDAQ:PCLN) by 300 shares in the quarter, leaving it with 1,796 shares, and cut its stake in Zynga Inc (NASDAQ:ZNGA).

Among 35 analysts covering Discovery Communications (NASDAQ:DISCA), 12 have Buy rating, 2 Sell and 21 Hold. Therefore 34% are positive. Discovery Communications had 99 analyst reports since August 3, 2015 according to SRatingsIntel. UBS maintained Discovery, Inc. (NASDAQ:DISCA) on Wednesday, November 4 with “Neutral” rating. UBS downgraded the stock to “Sell” rating in Friday, July 15 report. J.P. Morgan upgraded Discovery, Inc. (NASDAQ:DISCA) rating on Thursday, May 3. J.P. Morgan has “Buy” rating and $2900 target. The stock of Discovery, Inc. (NASDAQ:DISCA) has “Buy” rating given on Thursday, December 21 by Bank of America. The stock has “Hold” rating by Wells Fargo on Thursday, January 4. The rating was maintained by FBR Capital with “Mkt Perform” on Wednesday, September 30. The rating was downgraded by Moffett Nathanson to “Sell” on Tuesday, September 27. The rating was maintained by Topeka Capital Markets with “Buy” on Wednesday, September 30. On Tuesday, October 27 the stock rating was maintained by Topeka Capital Markets with “Buy”. The firm has “Neutral” rating by Moffett Nathanson given on Tuesday, February 20.

Since December 13, 2017, it had 5 insider purchases, and 4 sales for $10.76 million activity. On Wednesday, December 13 MALONE JOHN C bought $6.56M worth of Discovery, Inc. (NASDAQ:DISCA) or 332,523 shares. Campbell Bruce had sold 3,047 shares worth $55,349. On Thursday, December 14 WARGO J DAVID bought $1.86M worth of Discovery, Inc. (NASDAQ:DISCA) or 100,000 shares. Another trade for 10,000 shares valued at $212,856 was made by Wiedenfels Gunnar on Wednesday, May 9. Shares for $61,902 were sold by Sims Savalle on Wednesday, March 14. Another trade for 16,238 shares valued at $367,214 was made by Alpert-Romm Adria on Friday, March 16.

Express, Inc. (NYSE:EXPR) Ratings Chart

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