Logan Capital Management Has Lifted Its Merck & Co (MRK) Stake by $1.80 Million; As Halliburton Co (Put) (HAL) Valuation Declined, Morgens Waterfall Vintiadis & Co Has Trimmed Its Stake

April 25, 2018 - By Maria Brooks

Merck & Co., Inc. (NYSE:MRK) Logo

Morgens Waterfall Vintiadis & Co Inc decreased its stake in Halliburton Co (Put) (HAL) by 99.89% based on its latest 2017Q4 regulatory filing with the SEC. Morgens Waterfall Vintiadis & Co Inc sold 99,890 shares as the company’s stock declined 2.35% with the market. The hedge fund held 110 shares of the oilfield services and equipment company at the end of 2017Q4, valued at $18,000, down from 100,000 at the end of the previous reported quarter. Morgens Waterfall Vintiadis & Co Inc who had been investing in Halliburton Co (Put) for a number of months, seems to be less bullish one the $44.96 billion market cap company. The stock decreased 1.31% or $0.68 during the last trading session, reaching $51.37. About 8.46M shares traded. Halliburton Company (NYSE:HAL) has declined 1.88% since April 25, 2017 and is downtrending. It has underperformed by 13.43% the S&P500.

Logan Capital Management Inc increased its stake in Merck & Co Inc (MRK) by 26.51% based on its latest 2017Q4 regulatory filing with the SEC. Logan Capital Management Inc bought 32,186 shares as the company’s stock declined 4.63% with the market. The institutional investor held 153,604 shares of the health care company at the end of 2017Q4, valued at $8.64M, up from 121,418 at the end of the previous reported quarter. Logan Capital Management Inc who had been investing in Merck & Co Inc for a number of months, seems to be bullish on the $161.81B market cap company. The stock decreased 0.27% or $0.16 during the last trading session, reaching $60.09. About 13.33M shares traded or 4.42% up from the average. Merck & Co., Inc. (NYSE:MRK) has declined 14.94% since April 25, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.

Investors sentiment increased to 1.15 in 2017 Q4. Its up 0.30, from 0.85 in 2017Q3. It improved, as 54 investors sold HAL shares while 283 reduced holdings. 125 funds opened positions while 261 raised stakes. 675.47 million shares or 0.60% less from 679.57 million shares in 2017Q3 were reported. Wellington Group Ltd Liability Partnership holds 0.16% or 14.56 million shares in its portfolio. Moreover, Cna Corp has 0.24% invested in Halliburton Company (NYSE:HAL). Amalgamated Fincl Bank accumulated 112,810 shares. The Unknown-based Mckinley Cap Mngmt Ltd Company Delaware has invested 0.01% in Halliburton Company (NYSE:HAL). Barclays Pcl stated it has 5.08 million shares. 4.15 million were accumulated by Clearbridge Invs Ltd. Kayne Anderson Rudnick Management holds 236,040 shares or 0.09% of its portfolio. Gam Holding Ag reported 134,185 shares stake. Hodges Mgmt Inc stated it has 0.15% of its portfolio in Halliburton Company (NYSE:HAL). Ameritas Inv Ptnrs accumulated 70,674 shares. Provise Mngmt Grp Lc reported 7,905 shares or 0.06% of all its holdings. 365,705 were accumulated by Schroder Mgmt. Parkwood Limited Co reported 19,195 shares. Cape Cod Five Cents National Bank reported 30,347 shares. Verition Fund Mgmt Limited Liability Corporation owns 18,347 shares for 0.08% of their portfolio.

Among 42 analysts covering Halliburton Company (NYSE:HAL), 37 have Buy rating, 0 Sell and 5 Hold. Therefore 88% are positive. Halliburton Company has $75.0 highest and $16 lowest target. $53.86’s average target is 4.85% above currents $51.37 stock price. Halliburton Company had 155 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, September 29, the company rating was maintained by Jefferies. Jefferies maintained it with “Buy” rating and $6900 target in Friday, June 30 report. On Wednesday, April 18 the stock rating was maintained by Bank of America with “Neutral”. On Wednesday, June 28 the stock rating was maintained by FBR Capital with “Buy”. The firm earned “Buy” rating on Thursday, October 22 by Argus Research. The firm has “Buy” rating given on Monday, July 11 by Jefferies. The stock of Halliburton Company (NYSE:HAL) has “Hold” rating given on Tuesday, July 19 by Societe Generale. Susquehanna maintained Halliburton Company (NYSE:HAL) rating on Tuesday, January 26. Susquehanna has “Positive” rating and $40 target. The stock of Halliburton Company (NYSE:HAL) earned “Buy” rating by Citigroup on Monday, April 25. The stock has “Buy” rating by Jefferies on Monday, August 28.

Since January 2, 2018, it had 0 buys, and 10 selling transactions for $8.39 million activity. Another trade for 12,977 shares valued at $713,475 was sold by Brown James S. On Tuesday, January 9 Beaty Anne L. sold $83,844 worth of Halliburton Company (NYSE:HAL) or 1,601 shares. $112,337 worth of Halliburton Company (NYSE:HAL) was sold by Carre Eric on Tuesday, January 2. $1.60M worth of stock was sold by Miller Jeffrey Allen on Monday, January 22. McKeon Timothy sold 4,583 shares worth $251,835.

Morgens Waterfall Vintiadis & Co Inc, which manages about $187.68M and $127.04M US Long portfolio, upped its stake in Celgene Corp (NASDAQ:CELG) by 5,000 shares to 19,000 shares, valued at $1.98M in 2017Q4, according to the filing. It also increased its holding in Cognex Corp (NASDAQ:CGNX) by 38,934 shares in the quarter, for a total of 72,934 shares, and has risen its stake in Ishares Inc (SCJ).

Logan Capital Management Inc, which manages about $2.06 billion and $1.43B US Long portfolio, decreased its stake in Grubhub Inc Com (NYSE:GRUB) by 4,712 shares to 5,133 shares, valued at $369,000 in 2017Q4, according to the filing. It also reduced its holding in Sherwin Williams Co Com (NYSE:SHW) by 3,449 shares in the quarter, leaving it with 60,771 shares, and cut its stake in Wabtec Corp Com (NYSE:WAB).

Merck & Co., Inc. (NYSE:MRK) Institutional Positions Chart

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