Schroder Investment Management Group Has Decreased Meredith Com Stk Us$1 (MDP) Position By $25.76 Million; 5 Bullish Analysts Covering Exchange Income (TSE:EIF)

May 22, 2018 - By Sarah Hamilton

Exchange Income Corporation (TSE:EIF) Logo

Schroder Investment Management Group decreased Meredith Corp Com Stk Us$1 (MDP) stake by 72.03% reported in 2017Q4 SEC filing. Schroder Investment Management Group sold 390,328 shares as Meredith Corp Com Stk Us$1 (MDP)’s stock declined 21.23%. The Schroder Investment Management Group holds 151,600 shares with $10.01 million value, down from 541,928 last quarter. Meredith Corp Com Stk Us$1 now has $2.23B valuation. The stock decreased 1.20% or $0.6 during the last trading session, reaching $49.45. About 382,163 shares traded. Meredith Corporation (NYSE:MDP) has declined 14.74% since May 22, 2017 and is downtrending. It has underperformed by 26.29% the S&P500.

Among 7 analysts covering Exchange Income Corporation (TSE:EIF), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Exchange Income Corporation had 57 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was upgraded by Raymond James on Wednesday, August 19 to “Outperform”. The firm earned “Buy” rating on Thursday, October 29 by TD Securities. The stock of Exchange Income Corporation (TSE:EIF) earned “Outperform” rating by National Bank Canada on Thursday, November 26. RBC Capital Markets initiated Exchange Income Corporation (TSE:EIF) on Friday, August 21 with “Outperform” rating. The company was maintained on Thursday, December 21 by National Bank Canada. Altacorp maintained the stock with “Outperform” rating in Monday, August 31 report. The company was maintained on Friday, August 14 by National Bank Canada. The stock has “Strong Buy” rating by Raymond James on Friday, February 24. Laurentian maintained it with “Top Pick” rating and $37.50 target in Wednesday, June 8 report. The firm earned “Outperform” rating on Friday, February 24 by Scotia Capital. See Exchange Income Corporation (TSE:EIF) latest ratings:

21/12/2017 Broker: National Bank Canada Rating: Outperform New Target: $44.00 Maintain

The stock increased 0.71% or $0.25 during the last trading session, reaching $35.38. About 56,757 shares traded. Exchange Income Corporation (TSE:EIF) has 0.00% since May 22, 2017 and is . It has underperformed by 11.55% the S&P500.

Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company has market cap of $1.13 billion. It operates through two divisions, Aerospace & Aviation, and Manufacturing. It has a 15.18 P/E ratio. The Aerospace & Aviation segment scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut; and scheduled airline and charter service in Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.

Since December 15, 2017, it had 1 insider purchase, and 2 selling transactions for $1.60 million activity. $1.55M worth of stock was sold by FRAZIER MEREDITH D MELL on Friday, December 15. BERG DONALD C bought $201,250 worth of stock. The insider MEREDITH EDWIN T IV sold 3,600 shares worth $252,360.

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 $67.07 million for 8.30 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 increased, 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. United Ser Automobile Association has invested 0.02% of its portfolio in Meredith Corporation (NYSE:MDP). Koch Industries Inc invested in 3,296 shares or 0.03% of the stock. Clifford Swan Investment Counsel Ltd Limited Liability Company stated it has 14,575 shares. Jpmorgan Chase And has invested 0% of its portfolio in Meredith Corporation (NYSE:MDP). Parametric Port Ltd Liability Corporation has 0.01% invested in Meredith Corporation (NYSE:MDP). Ameriprise Financial owns 154,746 shares. Ahl Prtn Llp invested in 6,089 shares. State Board Of Administration Of Florida Retirement System holds 16,935 shares or 0% of its portfolio. Texas Permanent School Fund accumulated 26,739 shares or 0.02% of the stock. Strs Ohio reported 2,900 shares. Aperio Grp Lc, a California-based fund reported 16,378 shares. Rhumbline Advisers invested in 84,216 shares or 0.01% of the stock. Alps reported 0.01% of its portfolio in Meredith Corporation (NYSE:MDP). Royal Commercial Bank Of Canada reported 6,023 shares stake. Crestpoint Capital Management Ltd Llc owns 22,900 shares.

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. The rating was maintained by Benchmark on Thursday, March 23 with “Hold”. Citigroup upgraded the stock to “Buy” rating in Tuesday, May 2 report. Benchmark maintained Meredith Corporation (NYSE:MDP) rating on Friday, July 29. Benchmark has “Buy” rating and $62 target. The rating was maintained by Jefferies on Thursday, June 1 with “Hold”. The rating was maintained by Jefferies with “Buy” on Wednesday, January 31. Jefferies maintained the shares of MDP in report on Monday, September 11 with “Hold” rating. Jefferies maintained Meredith Corporation (NYSE:MDP) on Thursday, July 6 with “Hold” rating. Gabelli upgraded Meredith Corporation (NYSE:MDP) on Wednesday, December 16 to “Hold” rating. The firm has “Buy” rating given on Monday, June 5 by Benchmark. The stock of Meredith Corporation (NYSE:MDP) earned “Buy” rating by Gabelli on Wednesday, January 31.

More recent Meredith Corporation (NYSE:MDP) news were published by: Globenewswire.com which released: “Market Trends Toward New Normal in Meredith, Weis Markets, Kala Pharmaceuticals, Fortress Transportation and …” on May 22, 2018. Also Seekingalpha.com published the news titled: “Small-Cap Dividend Spotlight: Meredith Corporation” on May 05, 2018. Gurufocus.com‘s news article titled: “Meredith’s FOOD & WINE Announces The Best New Chefs In America 2018” with publication date: May 21, 2018 was also an interesting one.

Meredith Corporation (NYSE:MDP) Institutional Positions Chart

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