Arrowpoint Asset Management, LLC Sells A Lot More Maximus Inc (MMS) Stock In The Last Quarter


Maximus Inc (NYSE:MMS).

Arrowpoint Asset Management, LLC says it lowered its position in Maximus Inc shares by 33.8% in its quarterly SEC filing. Its position was worth $44,738,000 a decrease of 31.8% as of quarter end.

Here are a few institutional investors who have updated their positions. As of the end of the quarter Brinker Capital Inc had sold 7,280 shares trimming its stake by 9.5%. The value of the company’s investment in Maximus Inc decreased from $4,800,000 to $4,474,000 a change of 6.8% for the reporting period. Gotham Asset Management, LLC augmented its ownership by buying 74,930 shares an increase of 106.2%. Gotham Asset Management, LLC controls 145,463 shares worth $9,382,000. The total value of its holdings increased 112.4%.

Geode Capital Management, LLC bolstered its holdings by buying 69,101 shares an increase of 13.5% in the quarter. Geode Capital Management, LLC now controls 580,318 shares valued at $37,430,000. The value of the position overall is up by 16.9%.

Equity analyst Canaccord Genuity lowered the price target on November 10 changing the price objective from $62.00 to $61.00 and stated a “Hold” rating. On September 3, 2017 Robert W. Baird released guidance on MMS setting a rating of “Neutral”.

September 1 investment analysts at Robert W. Baird kept the stock rating at “Hold” projecting a price of $64.00. Equity analyst Maxim Group updated coverage of MMS stating a rating of “Hold” and a price target of $66.00.

The company is now down by 0.14% percent from yesterday’s close. The company currently has a P/E ratio of 20.66 and market cap is 4.25B. As of the last earnings report the EPS was $3.17 with 64.85M shares currently outstanding.

Investors are a little more bullish on the company recently as shown by the fall in short interest. The company had a fall in short interest of -5.54% between September 29, 2017 and October 13, 2017. Short shares fell from 1,594,424 to 1,506,167 over that period. With short interest at 1,506,167 and short average daily volume at 199,941, days to cover is 8.0 and the short interest percentage is 0.02% as of October 13.