Fly News Breaks for January 2, 2020
AAN, PWR, RP, SNDR, STAA, STL, TCF, VBTX, VG, VMC, ZNGA, NBHC, NXST, INGR, HUBG, AGCO, AME, AVLR, WHD, ELY, KMX, TAST, CI, CMP, CXO, CSGP, UMPQ
Jan 2, 2020 | 13:04 EDT
Before the open, Stephens released its annual Best Ideas list, noting, "For 2020, we hope our Best Ideas list outperforms the Russell 2000 and as the case every year, our goal is to drive Alpha-each of our 30 industry teams identifies the one stock they expect to outpace the performance of their industry, the Russell 2000 and the markets in general." The stocks mentioned were Aaron's (AAN), AGCO Corporation (AGCO), AMETEK (AME), Avalara (AVLR), Cactus (WHD), Callaway Golf (ELY), CarMax (KMX), Carrols Restaurant Group (TAST), Cigna (CI), Compass Minerals (CMP), Concho Resources (CXO), CoStar Group (CSGP), Hub Group (HUBG), Ingredion (INGR), National Bank Holdings (NBHC), Nexstar Media Group (NXST), Quanta Services (PWR), RealPage (RP), Schneider National (SNDR), STAAR Surgical (STAA), Sterling Bancorp (STL), TCF Financial (TCF), Umpqua Holdings (UMPQ), Veritex Holdings (VBTX), Vonage Holdings (VG), Vulcan Materials (VMC), and Zynga (ZNGA).
News For AAN;AGCO;AME;AVLR;WHD;ELY;KMX;TAST;CI;CMP;CXO;CSGP;HUBG;INGR;NXST;PWR;RP;SNDR;STAA;STL;TCF;VBTX;VG;VMC;ZNGA;NBHC;UMPQ From the Last 2 Days
Feb 14, 2020 | 16:31 EST
The dividend will be payable on March 10 to shareholders of record at the close of business on February 26.
Feb 14, 2020 | 09:10 EST
Barry Rosenstein's Jana Partners disclosed in a regulatory filing its holdings as of December 31, 2019. Jana made one new buy during the fourth quarter: it bought 648,445 shares of Wright Medical (WMGI). The fund exited one position in the quarter, selling 334,089 shares of Instructure (INST). Jana increased its stake in one position: it bought 146,049 shares of SPDR S&P 500 ETF Trust (SPY). The fund reduced its stake in five holdings: Axalta (AXTA), Zimmer Biomet (ZBH), Jack in the Box (JACK), Bloomin' Brands (BLMN) and Callaway Golf (ELY). Jana's top holdings as of December 31, in order of size, were Conagra Brands (CAG), Callaway Golf, Bloomin' Brands, SPDR S&P 500 ETF Trust, HD Supply Holdings (HDS).
Feb 14, 2020 | 06:29 EST
Citi analyst Peter Christiansen raised his price target for CoStar Group to $840 from $750 saying he views the company's proposed acquisition of RentPath out of receivership as a "classic marketplace scale-up opportunity." Longer-term, it's not difficult to view the deal as a margin enhancer on operating leverage tailwinds alone, while an incrementally better competitive position should help to better scale down-market ad buyers and overall visitor growth, Christiansen tells investors in a research note. He believes CoStar's "earnings power transformation story has significant runway remaining" and keeps a Buy rating on the shares.