Stadium Capital Management Has Trimmed Its Computer Programs & Systems (CPSI) Stake by $17.43 Million; Mercadolibre (MELI) Shareholder Glynn Capital Management Has Decreased Its Stake as Stock Price Rose

April 16, 2018 - By Nellie Frank

MercadoLibre, Inc. (NASDAQ:MELI) Logo

Alexander Medina Seaver decreased its stake in Computer Programs & Systems Inc (CPSI) by 46.49% based on its latest 2017Q4 regulatory filing with the SEC. Stadium Capital Management Llc sold 581,148 shares as the company’s stock declined 0.76% with the market. The hedge fund run by Alexander Medina Seaver held 668,933 shares of the technology company at the end of 2017Q4, valued at $20.10 million, down from 1.25 million at the end of the previous reported quarter. Stadium Capital Management Llc who had been investing in Computer Programs & Systems Inc for a number of months, seems to be less bullish one the $401.02M market cap company. It closed at $29.1 lastly. It is down 5.42% since April 16, 2017 and is uptrending. It has underperformed by 6.13% the S&P500.

Glynn Capital Management Llc decreased its stake in Mercadolibre Inc. (MELI) by 9.42% based on its latest 2017Q4 regulatory filing with the SEC. Glynn Capital Management Llc sold 3,651 shares as the company’s stock rose 11.87% while stock markets declined. The hedge fund held 35,092 shares of the miscellaneous company at the end of 2017Q4, valued at $11.04M, down from 38,743 at the end of the previous reported quarter. Glynn Capital Management Llc who had been investing in Mercadolibre Inc. for a number of months, seems to be less bullish one the $14.42 billion market cap company. The stock decreased 0.96% or $3.16 during the last trading session, reaching $326.51. About 75,679 shares traded. MercadoLibre, Inc. (NASDAQ:MELI) has risen 66.47% since April 16, 2017 and is uptrending. It has outperformed by 54.92% the S&P500.

Analysts await MercadoLibre, Inc. (NASDAQ:MELI) to report earnings on May, 3. They expect $0.44 EPS, down 60.00% or $0.66 from last year’s $1.1 per share. MELI’s profit will be $19.43 million for 185.52 P/E if the $0.44 EPS becomes a reality. After $0.20 actual EPS reported by MercadoLibre, Inc. for the previous quarter, Wall Street now forecasts 120.00% EPS growth.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.23, from 1.16 in 2017Q3. It worsened, as 39 investors sold MELI shares while 114 reduced holdings. 56 funds opened positions while 87 raised stakes. 36.71 million shares or 2.73% more from 35.73 million shares in 2017Q3 were reported. Cambridge Invest Rech holds 848 shares. Bender Robert And Associates holds 3.81% in MercadoLibre, Inc. (NASDAQ:MELI) or 21,840 shares. Comerica Fincl Bank accumulated 18,614 shares or 0.04% of the stock. Melvin Ltd Partnership reported 75,000 shares stake. Prince Street Capital Management Ltd Liability reported 18,500 shares. Sumitomo Mitsui Asset Communications reported 2,659 shares. Teacher Retirement Of Texas holds 0.02% in MercadoLibre, Inc. (NASDAQ:MELI) or 11,278 shares. Carmignac Gestion reported 4.81% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). Tiverton Asset Ltd Company stated it has 1,546 shares. Retail Bank Of Nova Scotia stated it has 42,738 shares or 0.06% of all its holdings. First Advsrs Limited Partnership accumulated 21,751 shares or 0.02% of the stock. Atlantic Trust Gp Limited stated it has 8,423 shares. Old Mutual Customised Solutions (Proprietary) Ltd stated it has 500 shares. Moreover, Fifth Third Bancshares has 0% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 13 shares. Walleye Trading Ltd holds 0.01% or 7,500 shares in its portfolio.

Among 15 analysts covering MercadoLibre (NASDAQ:MELI), 6 have Buy rating, 2 Sell and 7 Hold. Therefore 40% are positive. MercadoLibre had 43 analyst reports since August 6, 2015 according to SRatingsIntel. As per Friday, February 23, the company rating was maintained by Credit Suisse. The firm has “Neutral” rating given on Tuesday, June 13 by Goldman Sachs. The stock of MercadoLibre, Inc. (NASDAQ:MELI) earned “Hold” rating by HSBC on Wednesday, March 2. The rating was maintained by KeyBanc Capital Markets on Tuesday, September 5 with “Buy”. The company was maintained on Thursday, February 15 by Piper Jaffray. JP Morgan upgraded the shares of MELI in report on Wednesday, February 28 to “Overweight” rating. Barclays Capital maintained MercadoLibre, Inc. (NASDAQ:MELI) rating on Wednesday, July 19. Barclays Capital has “Overweight” rating and $290 target. The firm has “Market Perform” rating given on Monday, April 25 by Cowen & Co. Citigroup upgraded the stock to “Buy” rating in Monday, June 19 report. Credit Suisse maintained it with “Outperform” rating and $380 target in Friday, November 3 report.

Since March 12, 2018, it had 0 buys, and 5 insider sales for $638,918 activity. 5,000 shares valued at $148,600 were sold by DYE DAVID A on Thursday, March 15. $122,029 worth of Computer Programs and Systems, Inc. (NASDAQ:CPSI) was sold by SCHNEIDER VICTOR S on Thursday, March 15. Fowler Christopher L had sold 1,252 shares worth $36,621. Rosser Troy D also sold $287,449 worth of Computer Programs and Systems, Inc. (NASDAQ:CPSI) on Monday, March 12.

Among 14 analysts covering Computer Progams & Systems (NASDAQ:CPSI), 3 have Buy rating, 2 Sell and 9 Hold. Therefore 21% are positive. Computer Progams & Systems had 38 analyst reports since July 31, 2015 according to SRatingsIntel. Piper Jaffray maintained it with “Hold” rating and $29.0 target in Friday, February 9 report. The stock of Computer Programs and Systems, Inc. (NASDAQ:CPSI) earned “Hold” rating by Topeka Capital Markets on Monday, November 30. KeyBanc Capital Markets maintained the stock with “Underweight” rating in Tuesday, August 16 report. On Friday, August 4 the stock rating was maintained by Oppenheimer with “Hold”. Deutsche Bank upgraded the stock to “Hold” rating in Tuesday, December 1 report. Robert W. Baird maintained Computer Programs and Systems, Inc. (NASDAQ:CPSI) rating on Monday, October 2. Robert W. Baird has “Hold” rating and $30.0 target. Topeka Capital Markets upgraded Computer Programs and Systems, Inc. (NASDAQ:CPSI) rating on Friday, January 29. Topeka Capital Markets has “Buy” rating and $61 target. The company was maintained on Tuesday, January 30 by KeyBanc Capital Markets. The firm has “Sector Perform” rating given on Monday, November 30 by RBC Capital Markets. The firm earned “Mkt Perform” rating on Friday, August 5 by FBR Capital.

Analysts await Computer Programs and Systems, Inc. (NASDAQ:CPSI) to report earnings on May, 3. They expect $0.27 earnings per share, up 22.73% or $0.05 from last year’s $0.22 per share. CPSI’s profit will be $3.72M for 26.94 P/E if the $0.27 EPS becomes a reality. After $0.48 actual earnings per share reported by Computer Programs and Systems, Inc. for the previous quarter, Wall Street now forecasts -43.75% negative EPS growth.

Investors sentiment increased to 1.25 in Q4 2017. Its up 0.29, from 0.96 in 2017Q3. It is positive, as 8 investors sold CPSI shares while 36 reduced holdings. 18 funds opened positions while 37 raised stakes. 12.60 million shares or 3.71% more from 12.15 million shares in 2017Q3 were reported. Moreover, Amer Intl Gru Incorporated has 0% invested in Computer Programs and Systems, Inc. (NASDAQ:CPSI) for 9,010 shares. Thrivent Fincl For Lutherans has invested 0% in Computer Programs and Systems, Inc. (NASDAQ:CPSI). California Employees Retirement stated it has 0% of its portfolio in Computer Programs and Systems, Inc. (NASDAQ:CPSI). 5,006 are owned by Bnp Paribas Arbitrage Sa. 88,900 are held by Axa. Strs Ohio holds 0% or 15,010 shares in its portfolio. Tower Llc (Trc) owns 810 shares. Jpmorgan Chase holds 3,562 shares or 0% of its portfolio. Trustmark Financial Bank Tru Department holds 0.19% or 56,400 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Computer Programs and Systems, Inc. (NASDAQ:CPSI). Dalton Greiner Hartman Maher & Company, a New York-based fund reported 107,119 shares. Kennedy Mgmt has 151,613 shares for 0.08% of their portfolio. Morgan Stanley invested 0% in Computer Programs and Systems, Inc. (NASDAQ:CPSI). Geode Capital Mgmt Ltd Liability has invested 0% in Computer Programs and Systems, Inc. (NASDAQ:CPSI). Hutchin Hill Cap LP holds 0.06% in Computer Programs and Systems, Inc. (NASDAQ:CPSI) or 7,600 shares.

Stadium Capital Management Llc, which manages about $639.76M and $184.36 million US Long portfolio, upped its stake in Civitas Solutions Inc (NYSE:CIVI) by 151,545 shares to 1.81 million shares, valued at $30.96 million in 2017Q4, according to the filing.

MercadoLibre, Inc. (NASDAQ:MELI) Institutional Positions Chart

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