Does Meredith Corporation (NYSE:MDP) Have Gas After Even Less Sellers Involved?

February 15, 2018 - By Ivan Hodges

 Does Meredith Corporation (NYSE:MDP) Have Gas After Even Less Sellers Involved?

Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.21, from 1.31 in 2017Q2. It is negative, as 25 investors sold Meredith Corporation shares while 62 reduced holdings. 25 funds opened positions while 71 raised stakes. 41.98 million shares or 1.05% less from 42.43 million shares in 2017Q2 were reported.
Great West Life Assurance Can holds 0% or 23,478 shares in its portfolio. Aqr Mgmt Ltd Liability has 461,957 shares for 0.03% of their portfolio. Sei Invests holds 0% or 279 shares in its portfolio. Weaver C Barksdale And Assoc Inc stated it has 1.4% of its portfolio in Meredith Corporation (NYSE:MDP). 57,915 were accumulated by Bb&T Secs Lc. Acadian Asset Mgmt Ltd Liability Corp reported 0.01% of its portfolio in Meredith Corporation (NYSE:MDP). Parametric Port Associate Ltd Liability Company invested 0.01% of its portfolio in Meredith Corporation (NYSE:MDP). Laurion Management Limited Partnership has invested 0.01% in Meredith Corporation (NYSE:MDP). Retail Bank Of New York Mellon Corp has 0.02% invested in Meredith Corporation (NYSE:MDP). Millennium Lc, New York-based fund reported 90,116 shares. 32,893 were reported by James Investment. Parametrica Mngmt Limited owns 4,317 shares for 0.1% of their portfolio. Sentinel Asset Management reported 188,250 shares or 0.25% of all its holdings. Advantus Mgmt reported 4,991 shares. Ahl Ptnrs Llp, United Kingdom-based fund reported 23,494 shares.

Since August 16, 2017, it had 1 buy, and 2 selling transactions for $1.60 million activity. KARPOWICZ PAUL also sold $240,812 worth of Meredith Corporation (NYSE:MDP) shares. Shares for $252,360 were sold by MEREDITH EDWIN T IV on Friday, December 15. BERG DONALD C bought 3,500 shares worth $201,250. The insider ZIESER JOHN S sold $198,201. FRAZIER MEREDITH D MELL sold $1.55M worth of Meredith Corporation (NYSE:MDP) on Friday, December 15.

The stock of Meredith Corporation (NYSE:MDP) registered a decrease of 0.2% in short interest. MDP’s total short interest was 7.00M shares in February as published by FINRA. Its down 0.2% from 7.01M shares, reported previously. With 979,900 shares average volume, it will take short sellers 7 days to cover their MDP’s short positions. The short interest to Meredith Corporation’s float is 17.24%.

The stock increased 0.86% or $0.4818 during the last trading session, reaching $56.5318. About 423,233 shares traded. Meredith Corporation (NYSE:MDP) has risen 11.82% since February 15, 2017 and is uptrending. It has underperformed by 4.88% the S&P500.

Meredith Corporation operates as a diversified media firm in the United States. The company has market cap of $2.24 billion. It operates in two divisions, Local Media and National Media. It has a 9.32 P/E ratio. The Local Media segment operates television stations, such as 7 CBS affiliates, 5 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, 1 ABC affiliate, and 2 independent stations.

Meredith Corporation (NYSE:MDP) Ratings Coverage

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 upgraded by Jefferies on Tuesday, November 28 to “Buy”. The firm earned “Hold” rating on Monday, October 16 by Jefferies. The rating was upgraded by Zacks on Monday, September 21 to “Hold”. Benchmark maintained Meredith Corporation (NYSE:MDP) on Friday, July 28 with “Buy” rating. The stock of Meredith Corporation (NYSE:MDP) earned “Market Perform” rating by Wells Fargo on Friday, October 27. The firm has “Hold” rating given on Thursday, March 23 by Benchmark. The rating was upgraded by Benchmark to “Buy” on Monday, June 5. Citigroup downgraded Meredith Corporation (NYSE:MDP) on Friday, December 1 to “Neutral” rating. Benchmark downgraded the shares of MDP in report on Thursday, January 26 to “Hold” rating. Gabelli upgraded the shares of MDP in report on Wednesday, January 31 to “Buy” rating.

More notable recent Meredith Corporation (NYSE:MDP) news were published by: Desmoinesregister.com which released: “LOOK: Meredith moves in to Time Inc.’s New York offices” on February 01, 2018, also Desmoinesregister.com with their article: “Meredith cuts 600 Florida jobs, will move work to Iowa-based CDS Global” published on February 09, 2018, Fool.com published: “Shares of Meredith Corporation Slump 13% Despite Topping Estimates” on February 01, 2018. More interesting news about Meredith Corporation (NYSE:MDP) were released by: Prnewswire.com and their article: “Meredith Corporation’s The Magnolia Journal Is Named MPA’s Magazine Launch of …” published on February 08, 2018 as well as Prnewswire.com‘s news article titled: “Meredith Corporation Announces Pricing Of Senior Notes And Allocation Of …” with publication date: January 19, 2018.

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