South Dakota Investment Council Boosted By $2.09 Million Its Cvs Health (CVS) Position; Tronc (TRNC) Shorts Increased By 26.04%

June 23, 2018 - By Adrian Erickson

CVS Health Corporation (NYSE:CVS) Logo

South Dakota Investment Council increased Cvs Health Corp (CVS) stake by 16.42% reported in 2018Q1 SEC filing. South Dakota Investment Council acquired 33,759 shares as Cvs Health Corp (CVS)’s stock declined 3.22%. The South Dakota Investment Council holds 239,415 shares with $14.89M value, up from 205,656 last quarter. Cvs Health Corp now has $73.38B valuation. The stock increased 1.55% or $1.1 during the last trading session, reaching $72.18. About 9.11 million shares traded or 4.81% up from the average. CVS Health Corporation (NYSE:CVS) has declined 13.06% since June 23, 2017 and is downtrending. It has underperformed by 25.63% the S&P500. Some Historical CVS News: 04/04/2018 – Berger & Montague, P.C.: False Claims Act Case Against Caremark (CVS Health) Unsealed; 11/04/2018 – TABLE-CVS Bay 2687.T -2017/18 parent results; 11/04/2018 – CVS Health Launches Comprehensive Program to Help Patients Save Money on Medications; 16/04/2018 – Amazon shelves plans to sell, distribute drugs to hospitals- CNBC; 17/04/2018 – CVS Closes Above 50-Day Moving Average: Technicals; 02/05/2018 – CVS Health Still Sees Aetna Deal Closing in Second Half of 2018; 22/03/2018 – CVS HEALTH GETS NCQA UTILIZATION MANAGEMENT ACCREDITATION; 07/05/2018 – Fred’s to Sell EntrustRx to CVS — Deal Digest; 13/03/2018 – The CVS-Aetna deal marked the beginning of a wave of health-care deals, including Albertsons’s proposed acquisition Rite Aid and Cigna’s plan to buy Express Scripts; 06/03/2018 – S&PGR Assigns ‘BBB’ Issue-Level Rating to CVS Acquisition-Related Notes

Tronc Inc (NASDAQ:TRNC) had an increase of 26.04% in short interest. TRNC’s SI was 721,300 shares in June as released by FINRA. Its up 26.04% from 572,300 shares previously. With 195,800 avg volume, 4 days are for Tronc Inc (NASDAQ:TRNC)’s short sellers to cover TRNC’s short positions. The SI to Tronc Inc’s float is 4.82%. The stock decreased 0.40% or $0.07 during the last trading session, reaching $17.59. About 313,684 shares traded or 95.50% up from the average. tronc, Inc. (NASDAQ:TRNC) has risen 49.68% since June 23, 2017 and is uptrending. It has outperformed by 37.11% the S&P500. Some Historical TRNC News: 07/03/2018 – Tronc 4Q Rev $435M; 07/03/2018 – Tronc Reported 4Q Digital Advertising Rev Growth of 19%; 19/03/2018 – Tronc Names Justin Dearborn Chairman of Its Board; 16/04/2018 – Japanese firm Softbank is latest Tronc suitor; 25/05/2018 – Websites of the Los Angeles Times, Chicago Tribune and other publications owned by Tronc were among those blocked to EU visitors; 11/04/2018 – Chicago Tribune Staff Seeks to Form Union in Challenge to Tronc; 29/05/2018 – Tronc Adds Virginian-Pilot to Newspaper Lineup in $34 Million Deal; 09/05/2018 – Tronc 1Q Circulation Rev $134.2 Million; 13/04/2018 – TRONC HOLDER MERRICK VENTURE TO SELL SHRS TO MCCORMICK MEDIA; 16/04/2018 – SOFTBANK IS SAID AMONG POSSIBLE BIDDERS FOR TRONC: AXIOS

tronc, Inc., a media company, publishes newspapers. The company has market cap of $620.71 million. The firm operates in two divisions, troncM and troncX. It has a 109.94 P/E ratio. It operates 9 daily newspapers; weekly newspapers; and approximately 130 digital platforms online, as well as on mobile applications.

More notable recent tronc, Inc. (NASDAQ:TRNC) news were published by: Globenewswire.com which released: “tronc Acquires The Virginian-Pilot” on May 29, 2018, also Seekingalpha.com with their article: “Tronc closes LA Times sale; to change name back” published on June 18, 2018, Nasdaq.com published: “tronc, Inc. to Present at the Baird 2018 Global Consumer, Technology & Services Conference” on June 04, 2018. More interesting news about tronc, Inc. (NASDAQ:TRNC) were released by: Nasdaq.com and their article: “Research Report Identifies Advantage Oil & Gas, tronc, Baozun, HMS, FORTERRA INC, and Colfax with Renewed …” published on May 31, 2018 as well as 247Wallst.com‘s news article titled: “6 Most Important Things in Business Today” with publication date: June 18, 2018.

Investors sentiment increased to 0.9 in Q1 2018. Its up 0.18, from 0.72 in 2017Q4. It improved, as 97 investors sold CVS shares while 512 reduced holdings. 117 funds opened positions while 431 raised stakes. 821.03 million shares or 0.67% more from 815.59 million shares in 2017Q4 were reported. Canandaigua Natl Savings Bank holds 0.35% or 44,678 shares in its portfolio. Motco reported 103,300 shares. 28 were accumulated by C M Bidwell Limited. Todd Asset Mgmt Limited Liability accumulated 185,703 shares. Heartland Advsrs Inc owns 110,230 shares or 0.46% of their US portfolio. 130,494 were accumulated by Raymond James Trust Na. Loring Wolcott & Coolidge Fiduciary Advsr Limited Liability Partnership Ma, a Massachusetts-based fund reported 414,012 shares. 120,364 are owned by Burney. Dillon & Assoc Inc stated it has 4,160 shares. Pinebridge Limited Partnership invested 0.45% of its portfolio in CVS Health Corporation (NYSE:CVS). Ipg Advsrs Limited Liability Company invested 0% in CVS Health Corporation (NYSE:CVS). Personal Cap Advsrs Corp invested in 0% or 4,488 shares. Bridgeway Cap Mgmt holds 840,468 shares. Montecito Bank & Trust And accumulated 0.19% or 9,561 shares. Mai Cap holds 0.3% or 86,024 shares.

Since February 16, 2018, it had 2 buys, and 1 sale for $713,454 activity. $619,900 worth of CVS Health Corporation (NYSE:CVS) was bought by BROWN C DAVID II. 24,300 shares were bought by DORMAN DAVID W, worth $1.51 million. Foulkes Helena also sold $1.42 million worth of CVS Health Corporation (NYSE:CVS) on Friday, February 16.

More notable recent CVS Health Corporation (NYSE:CVS) news were published by: Seekingalpha.com which released: “CVS And Aetna Are Changing The Healthcare Paradigm” on June 18, 2018, also Fool.com with their article: “Why CVS Health, Foundation Medicine, and Solid Biosciences Jumped Today” published on June 19, 2018, Gurufocus.com published: “CVS Is a Massive Bargain” on June 22, 2018. More interesting news about CVS Health Corporation (NYSE:CVS) were released by: Nasdaq.com and their article: “2 Incredibly Cheap Value Stocks to Buy Now” published on June 22, 2018 as well as Prnewswire.com‘s news article titled: “CVS Health Statement Regarding Ohio Department of Medicaid’s Report on PBM Performance for Managed Care Plans” with publication date: June 21, 2018.

South Dakota Investment Council decreased Discovery Inc (NASDAQ:DISCA) stake by 292,099 shares to 102,636 valued at $2.20M in 2018Q1. It also reduced Centene Corp Del (NYSE:CNC) stake by 6,157 shares and now owns 250,800 shares. Chevron Corp New (NYSE:CVX) was reduced too.

Among 26 analysts covering CVS Health (NYSE:CVS), 19 have Buy rating, 0 Sell and 7 Hold. Therefore 73% are positive. CVS Health had 77 analyst reports since July 22, 2015 according to SRatingsIntel. Vetr upgraded CVS Health Corporation (NYSE:CVS) rating on Monday, August 24. Vetr has “Buy” rating and $117.98 target. Robert W. Baird maintained CVS Health Corporation (NYSE:CVS) rating on Friday, October 27. Robert W. Baird has “Hold” rating and $77.0 target. The firm has “Hold” rating by Robert W. Baird given on Monday, September 25. Robert W. Baird maintained CVS Health Corporation (NYSE:CVS) rating on Wednesday, January 17. Robert W. Baird has “Hold” rating and $85.0 target. Argus Research maintained the shares of CVS in report on Monday, August 10 with “Buy” rating. The rating was maintained by RBC Capital Markets on Thursday, February 8 with “Buy”. The rating was maintained by Jefferies with “Hold” on Tuesday, November 7. The company was maintained on Thursday, May 12 by Jefferies. As per Wednesday, August 16, the company rating was downgraded by Wolfe Research. The stock of CVS Health Corporation (NYSE:CVS) has “Hold” rating given on Friday, June 9 by Jefferies.

CVS Health Corporation (NYSE:CVS) Institutional Positions Chart

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