Channing Capital Management Upped Meredith Com (MDP) Position; Scana (SCG) Sentiment Is 0.86

October 12, 2017 - By reb123z

Channing Capital Management Llc increased Meredith Corp Com (MDP) stake by 14.07% reported in 2017Q2 SEC filing. Channing Capital Management Llc acquired 86,468 shares as Meredith Corp Com (MDP)’s stock declined 15.79%. The Channing Capital Management Llc holds 701,020 shares with $41.68 million value, up from 614,552 last quarter. Meredith Corp Com now has $2.44 billion valuation. The stock declined 1.09% or $0.6 reaching $54.6 on the news. About 41,632 shares traded. Meredith Corporation (NYSE:MDP) has risen 11.82% since October 12, 2016 and is uptrending. It has underperformed by 4.88% the S&P500.

SCANA Corporation is a holding company. The company has market cap of $7.06 billion. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina. It has a 11.67 P/E ratio. The Firm operates through divisions, including Electric Operations, Gas Distribution, Gas Marketing and All Other.

Since May 1, 2017, it had 0 buys, and 4 sales for $527,218 activity. HENRY FREDERICK B sold 3,995 shares worth $229,703. On Tuesday, May 2 the insider CAPPAERT STEVEN M sold $125,036. Another trade for 1,742 shares valued at $100,631 was sold by ZIESER JOHN S. 1,247 Meredith Corporation (NYSE:MDP) shares with value of $71,848 were sold by Ceryanec Joseph H.

Investors sentiment decreased to 1.31 in Q2 2017. Its down 0.11, from 1.42 in 2017Q1. It dived, as 31 investors sold MDP shares while 59 reduced holdings. 28 funds opened positions while 90 raised stakes. 42.43 million shares or 2.33% more from 41.46 million shares in 2017Q1 were reported. Ing Groep Nv accumulated 0.01% or 4,462 shares. Parallax Volatility Advisers Limited Partnership holds 1,329 shares. Aberdeen Asset Mgmt Public Limited Company Uk holds 0.07% in Meredith Corporation (NYSE:MDP) or 351,997 shares. Cambridge Invest Advisors accumulated 9,376 shares. Profund Lc accumulated 5,660 shares or 0.02% of the stock. 261,688 were accumulated by Prudential Incorporated. 55 were reported by Enterprise Ser Corp. Price T Rowe Associate Md stated it has 0% of its portfolio in Meredith Corporation (NYSE:MDP). Bluecrest Cap Management Ltd holds 0.1% or 41,790 shares in its portfolio. Ameritas Inv Ptnrs Inc holds 30,485 shares or 0.09% of its portfolio. Bb&T owns 37,936 shares. Dean Assocs Ltd Liability reported 49,095 shares stake. 30,059 were accumulated by Mutual Of America Cap Mgmt Ltd Liability Co. Metropolitan Life Ny invested 0.02% in Meredith Corporation (NYSE:MDP). Iowa Bankshares reported 16,200 shares or 0.46% of all its holdings.

Among 6 analysts covering Meredith Corporation (NYSE:MDP), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Meredith Corporation had 18 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Gabelli to “Hold” on Wednesday, December 16. The rating was maintained by Benchmark with “Hold” on Thursday, March 23. The firm has “Buy” rating given on Tuesday, May 2 by Citigroup. The company was initiated on Tuesday, July 21 by Jefferies. The stock of Meredith Corporation (NYSE:MDP) earned “Hold” rating by Zacks on Monday, September 21. On Monday, June 5 the stock rating was upgraded by Benchmark to “Buy”. The rating was maintained by Jefferies with “Hold” on Monday, September 11. The firm has “Buy” rating given on Friday, July 29 by Benchmark. Jefferies maintained the stock with “Hold” rating in Thursday, June 1 report. The stock has “Hold” rating by Benchmark on Thursday, January 26.

Channing Capital Management Llc decreased John Bean Technologies Corp (NYSE:JBT) stake by 69,021 shares to 512,244 valued at $50.20 million in 2017Q2. It also reduced Republic Svcs Inc Com (NYSE:RSG) stake by 21,134 shares and now owns 86,636 shares. Stifel Fin Corp (NYSE:SF) was reduced too.

Edmp Inc. holds 2.79% of its portfolio in SCANA Corporation for 44,930 shares. Reaves W H & Co Inc owns 973,014 shares or 2.41% of their US portfolio. Moreover, Evercore Trust Company N.A. has 2.04% invested in the company for 10.01 million shares. The South Carolina-based Canal Insurance Co has invested 1.13% in the stock. Banced Corp, a Illinois-based fund reported 8,103 shares.

Analysts await SCANA Corporation (NYSE:SCG) to report earnings on October, 26. They expect $1.13 EPS, down 14.39% or $0.19 from last year’s $1.32 per share. SCG’s profit will be $161.20M for 10.95 P/E if the $1.13 EPS becomes a reality. After $0.85 actual EPS reported by SCANA Corporation for the previous quarter, Wall Street now forecasts 32.94% EPS growth.

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