Scharf Investments Cut Cerner (CERN) Position as Stock Price Rose; Blue Edge Capital Has Trimmed Its Stake in American Airlines (AAL) as Stock Value Declined

February 15, 2018 - By Henry Gaston

Scharf Investments Llc decreased its stake in Cerner Corp (CERN) by 3.39% based on its latest 2017Q3 regulatory filing with the SEC. Scharf Investments Llc sold 55,056 shares as the company’s stock rose 14.16% with the market. The institutional investor held 1.57 million shares of the edp services company at the end of 2017Q3, valued at $111.85 million, down from 1.62 million at the end of the previous reported quarter. Scharf Investments Llc who had been investing in Cerner Corp for a number of months, seems to be less bullish one the $21.27B market cap company. The stock increased 2.83% or $1.76 during the last trading session, reaching $63.98. About 910,670 shares traded. Cerner Corporation (NASDAQ:CERN) has risen 19.54% since February 15, 2017 and is uptrending. It has outperformed by 2.84% the S&P500.

Blue Edge Capital Llc decreased its stake in American Airlines (AAL) by 3.68% based on its latest 2017Q3 regulatory filing with the SEC. Blue Edge Capital Llc sold 1,164 shares as the company’s stock declined 3.60% while stock markets rallied. The institutional investor held 30,489 shares of the transportation company at the end of 2017Q3, valued at $1.45 billion, down from 31,653 at the end of the previous reported quarter. Blue Edge Capital Llc who had been investing in American Airlines for a number of months, seems to be less bullish one the $24.48 billion market cap company. The stock increased 0.80% or $0.41 during the last trading session, reaching $51.48. About 1.43M shares traded. American Airlines Group Inc. (NASDAQ:AAL) has risen 40.65% since February 15, 2017 and is uptrending. It has outperformed by 23.95% the S&P500.

Investors sentiment increased to 0.98 in Q3 2017. Its up 0.11, from 0.87 in 2017Q2. It improved, as 44 investors sold CERN shares while 209 reduced holdings. 59 funds opened positions while 190 raised stakes. 263.89 million shares or 3.63% more from 254.64 million shares in 2017Q2 were reported. Natl Bank Of Nova Scotia Tru Com stated it has 190 shares. Wilkins Invest Counsel, Massachusetts-based fund reported 15,225 shares. Hall Laurie J Trustee holds 0.1% or 2,350 shares. Mirae Asset Glob Investments Co Ltd reported 21,924 shares. Assetmark invested 0% in Cerner Corporation (NASDAQ:CERN). Nordea Ab holds 0% of its portfolio in Cerner Corporation (NASDAQ:CERN) for 15,049 shares. Commonwealth Equity Services invested 0.03% of its portfolio in Cerner Corporation (NASDAQ:CERN). State Board Of Administration Of Florida Retirement Systems invested 0.08% in Cerner Corporation (NASDAQ:CERN). Pennsylvania Trust has 0.02% invested in Cerner Corporation (NASDAQ:CERN). Natl Bank Of Montreal Can invested in 146,674 shares or 0.01% of the stock. Umb Commercial Bank N A Mo holds 1.05% in Cerner Corporation (NASDAQ:CERN) or 428,887 shares. Epoch Invest Prns, New York-based fund reported 53,894 shares. Wealth Enhancement Advisory Lc owns 0.08% invested in Cerner Corporation (NASDAQ:CERN) for 13,840 shares. Amer Int Group Inc has 139,910 shares for 0.04% of their portfolio. First Natl Bank Of Omaha holds 0.2% of its portfolio in Cerner Corporation (NASDAQ:CERN) for 51,024 shares.

Among 27 analysts covering Cerner Corporation (NASDAQ:CERN), 12 have Buy rating, 1 Sell and 14 Hold. Therefore 44% are positive. Cerner Corporation had 97 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Cerner Corporation (NASDAQ:CERN) earned “Underperform” rating by Bank of America on Monday, November 7. Oppenheimer maintained the shares of CERN in report on Monday, July 31 with “Hold” rating. As per Wednesday, September 20, the company rating was maintained by KeyBanc Capital Markets. The stock of Cerner Corporation (NASDAQ:CERN) earned “Outperform” rating by RBC Capital Markets on Tuesday, September 29. On Wednesday, August 31 the stock rating was reinitiated by Stifel Nicolaus with “Hold”. The firm has “Buy” rating given on Friday, October 27 by Piper Jaffray. Canaccord Genuity maintained Cerner Corporation (NASDAQ:CERN) on Monday, September 4 with “Buy” rating. As per Wednesday, October 25, the company rating was maintained by Cantor Fitzgerald. The firm has “Buy” rating given on Wednesday, February 7 by Canaccord Genuity. The stock has “Overweight” rating by Cantor Fitzgerald on Wednesday, February 7.

Since September 1, 2017, it had 0 insider purchases, and 5 sales for $21.21 million activity. 94,000 shares valued at $6.34M were sold by BURKE ZANE M on Friday, September 1. $4.08M worth of Cerner Corporation (NASDAQ:CERN) was sold by SIMS RANDY D. 99,470 shares were sold by Nill Michael, worth $7.01M on Wednesday, September 13.

Scharf Investments Llc, which manages about $2.69 billion and $4.12B US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (SPY) by 5,022 shares to 31,376 shares, valued at $6.37 million in 2017Q3, according to the filing. It also increased its holding in Mckesson Corp (NYSE:MCK) by 5,405 shares in the quarter, for a total of 984,253 shares, and has risen its stake in L Brands Inc (LTD).

Among 23 analysts covering American Airlines Group (NASDAQ:AAL), 13 have Buy rating, 3 Sell and 7 Hold. Therefore 57% are positive. American Airlines Group had 76 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Imperial Capital on Thursday, January 12 with “In-Line”. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Wednesday, March 22. As per Monday, February 6, the company rating was upgraded by Bernstein. The stock of American Airlines Group Inc. (NASDAQ:AAL) has “Hold” rating given on Tuesday, October 13 by Evercore. Buckingham Research maintained American Airlines Group Inc. (NASDAQ:AAL) on Friday, January 26 with “Buy” rating. As per Thursday, January 7, the company rating was upgraded by Credit Suisse. The rating was downgraded by Deutsche Bank to “Hold” on Friday, April 1. The stock of American Airlines Group Inc. (NASDAQ:AAL) earned “Buy” rating by Citigroup on Thursday, July 13. The firm has “Buy” rating by Cowen & Co given on Tuesday, September 5. J.P. Morgan upgraded American Airlines Group Inc. (NASDAQ:AAL) on Wednesday, November 1 to “Buy” rating.

Blue Edge Capital Llc, which manages about $153.03M and $219.10 billion US Long portfolio, upped its stake in Ishares Iboxx Investment Grade (LQD) by 96 shares to 20,592 shares, valued at $2.50B in 2017Q3, according to the filing. It also increased its holding in Ishares Core Msci Europe (IEUR) by 28,422 shares in the quarter, for a total of 100,832 shares, and has risen its stake in Vanguard Emerging Market (VWO).

Investors sentiment decreased to 0.66 in 2017 Q3. Its down 0.25, from 0.91 in 2017Q2. It turned negative, as 53 investors sold AAL shares while 210 reduced holdings. 55 funds opened positions while 118 raised stakes. 380.49 million shares or 2.17% less from 388.91 million shares in 2017Q2 were reported. Lsv Asset Mngmt has 3.72 million shares. Compton Cap Management Ri has 40,850 shares. Covington Capital Mgmt holds 400 shares. California-based Assetmark has invested 0% in American Airlines Group Inc. (NASDAQ:AAL). Jump Trading Limited Liability Corporation accumulated 0.01% or 1,513 shares. Cornerstone Capital Mgmt Ltd Limited Liability Company holds 74,834 shares. Boothbay Fund Mngmt Lc owns 4,743 shares. 4.65 million were reported by Northern. Alliancebernstein LP invested 0.03% in American Airlines Group Inc. (NASDAQ:AAL). Moreover, Dupont has 0.15% invested in American Airlines Group Inc. (NASDAQ:AAL). Cognios Capital Ltd Company has 4,995 shares for 0.1% of their portfolio. Boulegeris Investments Inc owns 4,715 shares. Evanson Asset Management Limited Liability Company has invested 0.1% in American Airlines Group Inc. (NASDAQ:AAL). Amer Interest Grp Inc invested 0.04% in American Airlines Group Inc. (NASDAQ:AAL). Mirae Asset Global Invests, a Korea-based fund reported 23,885 shares.

Since September 14, 2017, it had 0 buys, and 4 insider sales for $4.24 million activity. 39,662 shares were sold by KERR DEREK J, worth $2.09 million. Shares for $158,139 were sold by KRAEMER RICHARD C on Monday, January 29. 35,182 shares were sold by HART MATTHEW J, worth $1.83 million.

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