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Summit Creek Advisors Maintains Stake in Icon Plc (ICLR); As Meredith (MDP) Market Value Declined, Shareholder Fort LP Has Cut Its Holding by $705,276

ICON Public Limited Company (NASDAQ:ICLR) Logo

Summit Creek Advisors Llc increased its stake in Icon Plc (ICLR) by 21.85% based on its latest 2017Q4 regulatory filing with the SEC. Summit Creek Advisors Llc bought 25,533 shares as the company’s stock rose 6.15% while stock markets declined. The institutional investor held 142,369 shares of the commercial physical & biological resarch company at the end of 2017Q4, valued at $15.97M, up from 116,836 at the end of the previous reported quarter. Summit Creek Advisors Llc who had been investing in Icon Plc for a number of months, seems to be bullish on the $6.80B market cap company. The stock increased 0.49% or $0.62 during the last trading session, reaching $126.36. About 15,943 shares traded. ICON Public Limited Company (NASDAQ:ICLR) has risen 52.69% since May 21, 2017 and is uptrending. It has outperformed by 41.14% the S&P500.

Michael Novogratz decreased its stake in Meredith Corp (MDP) by 14.75% based on its latest 2017Q4 regulatory filing with the SEC. Fort Lp sold 10,686 shares as the company’s stock declined 21.23% with the market. The hedge fund run by Michael Novogratz held 61,777 shares of the newspapers and magazines company at the end of 2017Q4, valued at $4.08M, down from 72,463 at the end of the previous reported quarter. Fort Lp who had been investing in Meredith Corp for a number of months, seems to be less bullish one the $2.27B market cap company. The stock decreased 0.98% or $0.5 during the last trading session, reaching $50.3. About 64,136 shares traded. Meredith Corporation (NYSE:MDP) has declined 14.74% since May 21, 2017 and is downtrending. It has underperformed by 26.29% the S&P500.

More notable recent Meredith Corporation (NYSE:MDP) news were published by: Seekingalpha.com which released: “Small-Cap Dividend Spotlight: Meredith Corporation” on May 05, 2018, also Prnewswire.com with their article: “Meredith’s FOOD & WINE Announces The Best New Chefs In America 2018” published on May 21, 2018, Prnewswire.com published: “Meredith Unveils New Look, Name And Direction For Award-winning Television Production Studio; The Former Time …” on May 17, 2018. More interesting news about Meredith Corporation (NYSE:MDP) were released by: Bizjournals.com and their article: “Bids due for once venerable, now vulnerable, Sports Illustrated” published on May 16, 2018 as well as Prnewswire.com‘s news article titled: “Sports Illustrated And LIFE VR Win Sports Emmy Award For “Capturing Everest”” with publication date: May 14, 2018.

Analysts await Meredith Corporation (NYSE:MDP) to report earnings on July, 26. They expect $1.49 EPS, up 39.25% or $0.42 from last year’s $1.07 per share. MDP’s profit will be $67.09M for 8.44 P/E if the $1.49 EPS becomes a reality. After $0.74 actual EPS reported by Meredith Corporation for the previous quarter, Wall Street now forecasts 101.35% EPS growth.

Investors sentiment increased to 1.37 in 2017 Q4. Its up 0.27, from 1.1 in 2017Q3. It improved, as 23 investors sold MDP shares while 64 reduced holdings. 51 funds opened positions while 68 raised stakes. 40.46 million shares or 3.63% less from 41.98 million shares in 2017Q3 were reported. State Common Retirement Fund reported 165,554 shares. California State Teachers Retirement Sys holds 62,407 shares. Credit Suisse Ag stated it has 46,156 shares. Federated Investors Pa reported 0% of its portfolio in Meredith Corporation (NYSE:MDP). Public Employees Retirement Of Ohio has 2,888 shares for 0% of their portfolio. Schroder Management owns 151,600 shares or 0.02% of their US portfolio. Quantbot LP has 0% invested in Meredith Corporation (NYSE:MDP). Moreover, Parametrica Management Ltd has 0.34% invested in Meredith Corporation (NYSE:MDP). Moreover, Gyroscope Capital Mngmt Group Inc Ltd Co has 1.68% invested in Meredith Corporation (NYSE:MDP). Mason Street Advisors Ltd holds 0.03% or 19,488 shares in its portfolio. Rowland And Counsel Adv invested in 30,160 shares or 0.78% of the stock. Edmp accumulated 6,768 shares or 0.39% of the stock. Moreover, Nuveen Asset Ltd has 0.19% invested in Meredith Corporation (NYSE:MDP) for 444,458 shares. Burney Company has 28,291 shares. Suntrust Banks Inc reported 8,131 shares.

Fort Lp, which manages about $349.60M and $425.22M US Long portfolio, upped its stake in Discovery Communicatns New (NASDAQ:DISCA) by 151,472 shares to 199,742 shares, valued at $4.47M in 2017Q4, according to the filing. It also increased its holding in Kla (NASDAQ:KLAC) by 37,120 shares in the quarter, for a total of 100,038 shares, and has risen its stake in Viacom Inc New (NASDAQ:VIAB).

Since December 15, 2017, it had 1 buy, and 2 sales for $1.60 million activity. $201,250 worth of Meredith Corporation (NYSE:MDP) was bought by BERG DONALD C. Shares for $1.55 million were sold by FRAZIER MEREDITH D MELL.

Among 8 analysts covering Meredith Corporation (NYSE:MDP), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Meredith Corporation had 25 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, October 27 the stock rating was maintained by Wells Fargo with “Market Perform”. Citigroup upgraded the shares of MDP in report on Tuesday, May 2 to “Buy” rating. The firm earned “Buy” rating on Monday, June 5 by Benchmark. Jefferies maintained the shares of MDP in report on Wednesday, January 31 with “Buy” rating. The stock of Meredith Corporation (NYSE:MDP) has “Buy” rating given on Tuesday, November 28 by Jefferies. The firm has “Buy” rating by Gabelli given on Wednesday, January 31. On Monday, September 21 the stock rating was upgraded by Zacks to “Hold”. The stock of Meredith Corporation (NYSE:MDP) earned “Hold” rating by Benchmark on Thursday, March 23. The rating was maintained by Benchmark with “Buy” on Friday, July 28. On Thursday, July 6 the stock rating was maintained by Jefferies with “Hold”.

More recent ICON Public Limited Company (NASDAQ:ICLR) news were published by: Streetinsider.com which released: “ICON plc (ICLR) Tops Q1 EPS by 2c, Updates Guidance” on May 03, 2018. Also Seekingalpha.com published the news titled: “ICON (ICLR) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. Seekingalpha.com‘s news article titled: “Icon PLC Enjoying Wall Street Bonanza And FDA Tailwind” with publication date: May 07, 2018 was also an interesting one.

Meredith Corporation (NYSE:MDP) Institutional Positions Chart

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