Actuant (ATU) Holder Cramer Rosenthal Mcglynn Has Lowered Stake as Share Value Declined; Frontfour Capital Group Holds Stake in Mgm Resorts International (MGM)

February 17, 2018 - By Adrian Erickson

Cramer Rosenthal Mcglynn Llc decreased its stake in Actuant Corporation (ATU) by 9.88% based on its latest 2017Q3 regulatory filing with the SEC. Cramer Rosenthal Mcglynn Llc sold 201,925 shares as the company’s stock declined 5.05% while stock markets rallied. The institutional investor held 1.84M shares of the industrial machinery and components company at the end of 2017Q3, valued at $47.13 million, down from 2.04 million at the end of the previous reported quarter. Cramer Rosenthal Mcglynn Llc who had been investing in Actuant Corporation for a number of months, seems to be less bullish one the $1.44B market cap company. It closed at $24 lastly. It is up 0.16% since February 17, 2017 and is uptrending. It has underperformed by 16.54% the S&P500.

Frontfour Capital Group Llc increased its stake in Mgm Resorts International (MGM) by 6.16% based on its latest 2017Q3 regulatory filing with the SEC. Frontfour Capital Group Llc bought 19,782 shares as the company’s stock rose 17.48% with the market. The hedge fund held 340,902 shares of the hotels and resorts company at the end of 2017Q3, valued at $11.11M, up from 321,120 at the end of the previous reported quarter. Frontfour Capital Group Llc who had been investing in Mgm Resorts International for a number of months, seems to be bullish on the $19.52B market cap company. The stock decreased 1.51% or $0.53 during the last trading session, reaching $34.47. About 8.30 million shares traded or 7.09% up from the average. MGM Resorts International (NYSE:MGM) has risen 45.28% since February 17, 2017 and is uptrending. It has outperformed by 28.58% the S&P500.

Since September 28, 2017, it had 0 insider purchases, and 2 insider sales for $153,218 activity. Wozniak Ted sold $130,950 worth of Actuant Corporation (NYSE:ATU) on Tuesday, October 10.

Cramer Rosenthal Mcglynn Llc, which manages about $14.64 billion and $6.26 billion US Long portfolio, upped its stake in Universal Health Services Inc Cl B (NYSE:UHS) by 36,826 shares to 349,872 shares, valued at $38.82 million in 2017Q3, according to the filing. It also increased its holding in Associated Banc Corp (NYSE:ASB) by 1.41 million shares in the quarter, for a total of 3.67 million shares, and has risen its stake in American International Group (NYSE:AIG).

Among 18 analysts covering Actuant (NYSE:ATU), 6 have Buy rating, 0 Sell and 12 Hold. Therefore 33% are positive. Actuant had 45 analyst reports since August 26, 2015 according to SRatingsIntel. Barclays Capital initiated the shares of ATU in report on Friday, September 25 with “Equal-Weight” rating. The company was initiated on Tuesday, November 3 by SunTrust. The company was initiated on Tuesday, April 5 by BMO Capital Markets. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, September 27 report. As per Friday, June 9, the company rating was maintained by BMO Capital Markets. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, January 13. The firm has “Neutral” rating by JP Morgan given on Thursday, October 8. The firm earned “Hold” rating on Wednesday, June 21 by J.P. Morgan. The firm earned “Hold” rating on Thursday, June 22 by Stifel Nicolaus. The firm earned “Hold” rating on Monday, June 5 by RBC Capital Markets.

Investors sentiment decreased to 1.37 in Q3 2017. Its down 0.35, from 1.72 in 2017Q2. It fall, as 13 investors sold ATU shares while 47 reduced holdings. 22 funds opened positions while 60 raised stakes. 62.75 million shares or 3.05% less from 64.72 million shares in 2017Q2 were reported. Paloma Prns holds 16,709 shares or 0.01% of its portfolio. Profund Advsr Limited Liability Company has 10,097 shares for 0.01% of their portfolio. Panagora Asset Mgmt Inc reported 0.01% stake. Morgan Stanley holds 0% or 83,086 shares. Howe Rusling owns 15,188 shares. The Florida-based Raymond James Associate has invested 0.03% in Actuant Corporation (NYSE:ATU). Kbc Nv invested in 3,237 shares. Wedge Management L LP Nc holds 1.00M shares. Teachers Retirement Of The State Of Kentucky holds 0.01% or 18,500 shares. Natixis holds 8,905 shares. Riverhead Cap Mngmt Llc stated it has 0% of its portfolio in Actuant Corporation (NYSE:ATU). Metropolitan Life Ins owns 40,749 shares or 0.01% of their US portfolio. Moreover, Caprock Group Inc has 0.07% invested in Actuant Corporation (NYSE:ATU). Mountain Lake Ltd Liability Corp reported 1.97% of its portfolio in Actuant Corporation (NYSE:ATU). 249,594 were reported by D E Shaw And Company Incorporated.

Among 16 analysts covering MGM Resorts (NYSE:MGM), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. MGM Resorts had 57 analyst reports since August 5, 2015 according to SRatingsIntel. Vetr downgraded MGM Resorts International (NYSE:MGM) rating on Monday, August 31. Vetr has “Strong-Buy” rating and $23.25 target. The firm has “Buy” rating by UBS given on Monday, November 2. The firm has “Buy” rating by Deutsche Bank given on Friday, October 30. The stock of MGM Resorts International (NYSE:MGM) earned “Buy” rating by Deutsche Bank on Thursday, July 27. The firm earned “Buy” rating on Thursday, June 9 by Stifel Nicolaus. The rating was downgraded by UBS to “Neutral” on Tuesday, August 1. The stock of MGM Resorts International (NYSE:MGM) earned “Buy” rating by UBS on Monday, June 20. The stock of MGM Resorts International (NYSE:MGM) has “Neutral” rating given on Tuesday, October 3 by Susquehanna. The stock has “Hold” rating by Stifel Nicolaus on Thursday, November 9. Zacks downgraded the shares of MGM in report on Wednesday, August 5 to “Hold” rating.

Investors sentiment increased to 1.53 in 2017 Q3. Its up 0.52, from 1.01 in 2017Q2. It is positive, as 43 investors sold MGM shares while 113 reduced holdings. 94 funds opened positions while 145 raised stakes. 458.66 million shares or 7.73% more from 425.76 million shares in 2017Q2 were reported. Fmr Lc reported 7.65M shares. Brown Advisory holds 0% of its portfolio in MGM Resorts International (NYSE:MGM) for 19,486 shares. Balyasny Asset Ltd owns 0.01% invested in MGM Resorts International (NYSE:MGM) for 44,332 shares. Ngam Lp owns 93,710 shares for 0.03% of their portfolio. 29,643 are held by Kentucky Retirement. Dimensional Fund LP owns 0.08% invested in MGM Resorts International (NYSE:MGM) for 5.61 million shares. Moreover, Voya Mgmt Ltd Liability Corp has 0.02% invested in MGM Resorts International (NYSE:MGM) for 281,042 shares. Profund Advisors holds 0.02% of its portfolio in MGM Resorts International (NYSE:MGM) for 14,741 shares. Raymond James Fincl Ser Advsr Inc holds 0.01% in MGM Resorts International (NYSE:MGM) or 44,582 shares. Franklin Res reported 0% of its portfolio in MGM Resorts International (NYSE:MGM). Cambridge Invest owns 17,900 shares. Korea Investment reported 1.01 million shares stake. Utah Retirement reported 92,981 shares. Emerald Advisers Pa reported 100,758 shares. 3,100 are held by Reilly Fin Limited Liability Corporation.