Edgemoor Investment Advisors Lowered By $459,745 Its Anthem (ANTM) Stake; Universal Forest Products (UFPI)’s Sentiment Is 0.98

June 19, 2017 - By Michael Collier

Edgemoor Investment Advisors Inc decreased Anthem Inc (ANTM) stake by 3.23% reported in 2016Q4 SEC filing. Edgemoor Investment Advisors Inc sold 3,215 shares as Anthem Inc (ANTM)’s stock rose 10.08%. The Edgemoor Investment Advisors Inc holds 96,420 shares with $13.86M value, down from 99,635 last quarter. Anthem Inc now has $51.08 billion valuation. The stock rose 0.83% or $1.58 reaching $191.54. About 678,515 shares traded. Anthem Inc (NYSE:ANTM) has risen 31.86% since June 19, 2016 and is uptrending. It has outperformed by 15.16% the S&P500.

Universal Forest Products, Inc. is a holding company. The company has market cap of $1.86 billion. The Company, through its subsidiaries, supplies wood, wood composite and other products to three primary markets, such as retail, construction and industrial. It has a 17.84 P/E ratio. The Company’s divisions include North, South, West, Alternative Materials, International, idX Holdings, Inc. and Corporate divisions. idX is a designer, maker and installer of in-store environments.

Analysts await Anthem Inc (NYSE:ANTM) to report earnings on July, 26 before the open. They expect $3.23 EPS, down 3.00% or $0.10 from last year’s $3.33 per share. ANTM’s profit will be $861.38 million for 14.83 P/E if the $3.23 EPS becomes a reality. After $4.68 actual EPS reported by Anthem Inc for the previous quarter, Wall Street now forecasts -30.98% negative EPS growth.

Among 20 analysts covering Anthem Inc (NYSE:ANTM), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 40% are positive. Anthem Inc had 35 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, October 29 with “Outperform”. The stock has “Buy” rating by RBC Capital Markets on Tuesday, May 30. The stock of Anthem Inc (NYSE:ANTM) earned “Hold” rating by Evercore on Friday, September 23. The stock of Anthem Inc (NYSE:ANTM) has “Overweight” rating given on Wednesday, September 16 by JP Morgan. The rating was maintained by Leerink Swann on Monday, April 4 with “Outperform”. The stock has “Overweight” rating by Cantor Fitzgerald on Friday, April 28. The company was upgraded on Monday, July 27 by Sterne Agee CRT. The firm has “Buy” rating given on Friday, October 2 by Citigroup. The company was initiated on Wednesday, June 7 by Morgan Stanley. The stock of Anthem Inc (NYSE:ANTM) earned “Neutral” rating by Piper Jaffray on Wednesday, January 4.

Edgemoor Investment Advisors Inc increased Amerigas Partners LP (NYSE:APU) stake by 11,960 shares to 147,993 valued at $7.09 million in 2016Q4. It also upped Priceline Grp Inc (NASDAQ:PCLN) stake by 392 shares and now owns 3,235 shares. Merck & Co Inc (NYSE:MRK) was raised too.

Analysts await Universal Forest Products, Inc. (NASDAQ:UFPI) to report earnings on July, 19. They expect $1.85 EPS, up 12.80% or $0.21 from last year’s $1.64 per share. UFPI’s profit will be $38.26M for 12.15 P/E if the $1.85 EPS becomes a reality. After $1.03 actual EPS reported by Universal Forest Products, Inc. for the previous quarter, Wall Street now forecasts 79.61% EPS growth.

About 34,851 shares traded. Universal Forest Products, Inc. (UFPI) has risen 12.86% since June 19, 2016 and is uptrending. It has underperformed by 3.84% the S&P500.

Since January 1, 0001, it had 1 buy, and 1 insider sale for $196,618 activity.

Hillcrest Asset Management Llc holds 1.98% of its portfolio in Universal Forest Products, Inc. for 99,100 shares. Copper Rock Capital Partners Llc owns 261,677 shares or 1.71% of their US portfolio. Moreover, James Investment Research Inc has 0.56% invested in the company for 210,293 shares. The Missouri-based Kennedy Capital Management Inc. has invested 0.37% in the stock. Ironwood Investment Management Llc, a Massachusetts-based fund reported 4,739 shares.

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