Nuveen Asset Management Has Upped By $5.50 Million Its Pharmerica (PMC) Holding; Sunpower (SPWR)’s Sentiment Is 1.05

December 7, 2017 - By Marguerite Chambers

Nuveen Asset Management Llc increased Pharmerica Corp (PMC) stake by 24.47% reported in 2017Q2 SEC filing. Nuveen Asset Management Llc acquired 211,446 shares as Pharmerica Corp (PMC)’s stock declined 5.51%. The Nuveen Asset Management Llc holds 1.08M shares with $28.23 million value, up from 863,975 last quarter. Pharmerica Corp now has $910.27 million valuation. The stock increased 0.17% or $0.05 during the last trading session, reaching $29.25. About 479,695 shares traded or 72.90% up from the average. PharMerica Corporation (NYSE:PMC) has declined 3.31% since December 7, 2016 and is downtrending. It has underperformed by 20.01% the S&P500.

SunPower Corporation researches, develops, makes, and delivers solar solutions worldwide. The company has market cap of $1.13 billion. It operates through three divisions: Residential, Commercial, and Power Plant. It currently has negative earnings. The firm provides solar power components, including panels and other system components.

Ratings analysis reveals 13% of SunPower’s analysts are positive. Out of 8 Wall Street analysts rating SunPower, 1 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $7.0 while the high is $9.0. The stock’s average target of $7.75 is -3.85% below today’s ($8.06) share price. SPWR was included in 8 notes of analysts from September 8, 2016. Bank of America downgraded the shares of SPWR in report on Wednesday, November 9 to “Neutral” rating. The firm earned “Neutral” rating on Friday, November 11 by UBS. The firm has “Neutral” rating given on Thursday, November 17 by Robert W. Baird. The stock of SunPower Corporation (NASDAQ:SPWR) earned “Mkt Underperform” rating by JMP Securities on Thursday, September 8. The stock has “Hold” rating by Williams Capital Group on Friday, September 30. Oppenheimer upgraded SunPower Corporation (NASDAQ:SPWR) on Thursday, February 16 to “Outperform” rating. The rating was downgraded by Guggenheim to “Neutral” on Tuesday, December 6. The rating was maintained by Mizuho on Monday, January 30 with “Neutral”.

The stock increased 5.65% or $0.43 during the last trading session, reaching $8.06. About 2.29 million shares traded. SunPower Corporation (SPWR) has declined 50.78% since December 7, 2016 and is downtrending. It has underperformed by 67.48% the S&P500.

Domini Impact Investments Llc holds 4.39% of its portfolio in SunPower Corporation for 18,538 shares. Rock Point Advisors Llc owns 506,029 shares or 2.22% of their US portfolio. Moreover, Impax Asset Management Ltd has 0.85% invested in the company for 2.71 million shares. The Missouri-based Shelter Ins Retirement Plan has invested 0.62% in the stock. Shelter Mutual Insurance Co, a Missouri-based fund reported 177,800 shares.

Analysts await SunPower Corporation (NASDAQ:SPWR) to report earnings on February, 21. They expect $-0.09 earnings per share, up 87.67% or $0.64 from last year’s $-0.73 per share. After $0.14 actual earnings per share reported by SunPower Corporation for the previous quarter, Wall Street now forecasts -164.29% negative EPS growth.

Nuveen Asset Management Llc decreased Targa Res Corp (NYSE:TRGP) stake by 796,262 shares to 803,339 valued at $36.31 million in 2017Q2. It also reduced Allstate Corp (NYSE:ALL) stake by 10,213 shares and now owns 11,296 shares. Kb Home (NYSE:KBH) was reduced too.

Investors sentiment increased to 1.32 in Q2 2017. Its up 0.24, from 1.08 in 2017Q1. It increased, as 8 investors sold PMC shares while 45 reduced holdings. 21 funds opened positions while 49 raised stakes. 26.78 million shares or 2.40% less from 27.44 million shares in 2017Q1 were reported. Bnp Paribas Arbitrage holds 12,225 shares or 0% of its portfolio. Moreover, Comml Bank Of America Corp De has 0% invested in PharMerica Corporation (NYSE:PMC) for 388,645 shares. Loomis Sayles And Ltd Partnership invested in 0.03% or 471,407 shares. Point72 Asia (Hong Kong) Limited owns 0.01% invested in PharMerica Corporation (NYSE:PMC) for 326 shares. Millennium Mgmt Limited Company has 110,056 shares for 0.01% of their portfolio. Wells Fargo And Com Mn accumulated 352,720 shares. Ubs Asset Americas Inc owns 9,298 shares for 0% of their portfolio. Pnc Services Grp Inc reported 2,945 shares. Texas Permanent School Fund has 0.01% invested in PharMerica Corporation (NYSE:PMC) for 22,703 shares. Century Capital Mngmt Limited Co owns 38,638 shares for 0.17% of their portfolio. Fisher Asset Mngmt Lc holds 0% of its portfolio in PharMerica Corporation (NYSE:PMC) for 101,485 shares. Nuveen Asset Limited Co holds 0.18% or 1.08M shares in its portfolio. Jpmorgan Chase & owns 0% invested in PharMerica Corporation (NYSE:PMC) for 239,290 shares. Reilly Finance Advsrs invested 0% in PharMerica Corporation (NYSE:PMC). Ls Ltd Limited Liability Company reported 0% in PharMerica Corporation (NYSE:PMC).

Among 4 analysts covering Pharmerica (NYSE:PMC), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Pharmerica had 8 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of PharMerica Corporation (NYSE:PMC) earned “Underperform” rating by Barrington Research on Thursday, August 3. The company was maintained on Tuesday, June 7 by Bank of America. Barrington Research maintained PharMerica Corporation (NYSE:PMC) rating on Tuesday, May 10. Barrington Research has “Outperform” rating and $34 target. The rating was maintained by Barrington Research on Monday, August 10 with “Outperform”. The firm earned “Hold” rating on Friday, August 4 by Credit Suisse. UBS upgraded the stock to “Neutral” rating in Monday, August 10 report. The firm earned “Hold” rating on Monday, August 17 by Zacks. UBS downgraded the shares of PMC in report on Monday, March 14 to “Neutral” rating.

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