Aureus Asset Management Has Increased Middleby Com (MIDD) Position by $1.82 Million; Market Valuation Declined; Performant Finl (PFMT) Shares Declined While Mill Road Capital Management Has Increased by $4.31 Million Its Stake

June 13, 2018 - By Nellie Frank

The Middleby Corporation (NASDAQ:MIDD) Logo

Aureus Asset Management Llc increased its stake in Middleby Corp Com (MIDD) by 16.15% based on its latest 2018Q1 regulatory filing with the SEC. Aureus Asset Management Llc bought 14,760 shares as the company’s stock declined 20.66% with the market. The institutional investor held 106,145 shares of the industrial machinery and components company at the end of 2018Q1, valued at $13.14 million, up from 91,385 at the end of the previous reported quarter. Aureus Asset Management Llc who had been investing in Middleby Corp Com for a number of months, seems to be bullish on the $5.87B market cap company. The stock increased 0.61% or $0.64 during the last trading session, reaching $105.36. About 177,229 shares traded. The Middleby Corporation (NASDAQ:MIDD) has declined 19.06% since June 13, 2017 and is downtrending. It has underperformed by 31.63% the S&P500. Some Historical MIDD News: 16/04/2018 – Middleby Acquires JoeTap, Nitro Brew Coffee Systems; 16/05/2018 – Watermill Group’s Acquisition of Cooper & Turner Announced as Winner of the 10th Annual International M&A Awards; 09/05/2018 – Middleby 1Q EPS $1.18; 09/05/2018 – Middleby 1Q Net $65.4M; 21/05/2018 – Middleby at Tour Hosted By CL King Today; 18/05/2018 – Middleby: Taylor Deal Will Enhance Prsence in Beverage, Frozen Dessert and Grilling Sectors; 09/05/2018 – MIDDLEBY – ANTICIPATE REVENUES AT FOOD PROCESSING EQUIPMENT GROUP WILL BE IMPACTED FOR UPCOMING QUARTERS DUE TO DELAY IN A NUMBER OF LARGER PROJECTS; 18/05/2018 – Middleby to Acquire Taylor for $1 Billio; 14/05/2018 – Middleby Tour Scheduled By CL King for May. 21; 18/05/2018 – Middleby Sees Closing Early in 3

Thomas E. Lynch increased its stake in Performant Finl Corp (PFMT) by 65.35% based on its latest 2018Q1 regulatory filing with the SEC. Mill Road Capital Management Llc bought 1.44M shares as the company’s stock declined 20.71% with the market. The hedge fund run by Thomas E. Lynch held 3.63M shares of the other consumer services company at the end of 2018Q1, valued at $10.90 million, up from 2.20M at the end of the previous reported quarter. Mill Road Capital Management Llc who had been investing in Performant Finl Corp for a number of months, seems to be bullish on the $111.78 million market cap company. The stock increased 0.93% or $0.02 during the last trading session, reaching $2.17. About 823 shares traded. Performant Financial Corporation (NASDAQ:PFMT) has risen 0.45% since June 13, 2017 and is uptrending. It has underperformed by 12.12% the S&P500. Some Historical PFMT News: 24/04/2018 – Percona Offers New Services and Software Products to Help Organizations Achieve Performant, Durable Database Environments; 06/03/2018 – Performant Financial 4Q Rev $33.3M; 06/03/2018 – Performant Financial Sees 2018 Rev $123M-$150M; 08/05/2018 – PERFORMANT FINANCIAL 1Q REV. $57.0M, EST. $41.4M (2 EST.); 06/03/2018 – PERFORMANT FINANCIAL 4Q REV. $33.3M, EST. $30.2M (2 EST.); 06/03/2018 – PERFORMANT FINANCIAL CORP – QTRLY TOTAL REVENUES OF $33.3 MLN, COMPARED TO $33.8 MLN IN PRIOR YEAR; 06/03/2018 Performant Financial 4Q EPS 1c; 06/03/2018 – PERFORMANT FINANCIAL 4Q ADJ EPS 2C, EST. LOSS/SHR 3C (2 EST.); 04/05/2018 – PERFORMANT FINANCIAL – ON MAY 3, DOJ NOTIFIED U.S. COURT OF FEDERAL CLAIMS THAT DEPARTMENT OF EDUCATION TO CANCEL CONTRACT AWARDED TO UNIT ON JAN 11; 06/03/2018 – Performant Financial 4Q Adj EPS 2c

Investors sentiment decreased to 0.77 in 2018 Q1. Its down 0.15, from 0.92 in 2017Q4. It fall, as 34 investors sold MIDD shares while 121 reduced holdings. 32 funds opened positions while 88 raised stakes. 55.39 million shares or 4.06% more from 53.23 million shares in 2017Q4 were reported. Zebra Cap Mgmt Limited Liability Corporation stated it has 2,144 shares. Prudential Financial Incorporated reported 3,500 shares. Tradewinds Cap Limited Liability Company owns 153 shares for 0.01% of their portfolio. Blackrock stated it has 2.70 million shares or 0.02% of all its holdings. Aperio Grp Lc holds 17,572 shares or 0.01% of its portfolio. 11,756 are owned by Amalgamated National Bank & Trust. Eagle Asset Management Inc reported 0.04% in The Middleby Corporation (NASDAQ:MIDD). Orrstown Financial Serv Incorporated reported 0.17% stake. Moreover, Motley Fool Wealth Mgmt Lc has 0.57% invested in The Middleby Corporation (NASDAQ:MIDD). Etrade Cap Mngmt Limited Liability Company holds 0.01% or 1,859 shares in its portfolio. Mountain Pacific Investment Advisers Id reported 82,320 shares. Vanguard Inc stated it has 0.03% of its portfolio in The Middleby Corporation (NASDAQ:MIDD). Alta Capital Mngmt Ltd Company has 415,447 shares for 3.2% of their portfolio. Envestnet Asset Mgmt accumulated 0.01% or 18,927 shares. San Francisco Sentry Inv Grp (Ca) holds 0.08% in The Middleby Corporation (NASDAQ:MIDD) or 2,212 shares.

Another recent and important The Middleby Corporation (NASDAQ:MIDD) news was published by Seekingalpha.com which published an article titled: “Middleby: Odd Timing For The Big Taylor Deal” on May 21, 2018.

Among 10 analysts covering Middleby (NASDAQ:MIDD), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. Middleby had 24 analyst reports since November 12, 2015 according to SRatingsIntel. Citigroup maintained The Middleby Corporation (NASDAQ:MIDD) rating on Friday, November 10. Citigroup has “Neutral” rating and $120 target. The rating was downgraded by Robert W. Baird on Thursday, May 10 to “Neutral”. On Thursday, August 10 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock of The Middleby Corporation (NASDAQ:MIDD) earned “Neutral” rating by Citigroup on Friday, June 8. As per Wednesday, February 28, the company rating was maintained by Robert W. Baird. The rating was maintained by TH Capital with “Buy” on Thursday, November 12. The company was maintained on Monday, March 5 by Citigroup. BMO Capital Markets maintained The Middleby Corporation (NASDAQ:MIDD) on Friday, September 29 with “Buy” rating. The company was upgraded on Wednesday, November 18 by BMO Capital Markets. As per Tuesday, January 30, the company rating was maintained by Citigroup.

Aureus Asset Management Llc, which manages about $874.10 million and $665.62 million US Long portfolio, decreased its stake in Constellation Brands Inc. Class A (NYSE:STZ) by 18,994 shares to 81,008 shares, valued at $18.46M in 2018Q1, according to the filing. It also reduced its holding in Ishares Msci Emerging Markets Etf (EEM) by 13,200 shares in the quarter, leaving it with 7,185 shares, and cut its stake in Vanguard Growth Index Fund (VUG).

Mill Road Capital Management Llc, which manages about $766.84M and $125.38M US Long portfolio, decreased its stake in Smtc Corp (NASDAQ:SMTX) by 408,283 shares to 374,816 shares, valued at $851,000 in 2018Q1, according to the filing.

The Middleby Corporation (NASDAQ:MIDD) Institutional Positions Chart

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