Tag: Position

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Connor Clark & Lunn Investment Management Ltd. Has $32.13 Million Position in Waste Management, Inc. (NYSE:WM)

Connor Clark & Lunn Investment Management Ltd. Has $32.13 Million Position in Waste Management, Inc. (NYSE:WM)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Waste Management, Inc. (NYSE:WM – Get Rating) by 400.1{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,555 shares of the business services provider’s stock after purchasing an additional 160,450 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Waste Management were worth $32,131,000 at the end of the most recent quarter.

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A number of other hedge funds also recently modified their holdings of WM. Acadian Asset Management LLC raised its position in shares of Waste Management by 534.5{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the first quarter. Acadian Asset Management LLC now owns 3,344 shares of the business services provider’s stock worth $530,000 after purchasing an additional 2,817 shares during the period. Blair William & Co. IL grew its holdings in shares of Waste Management by 0.7{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the first quarter. Blair William & Co. IL now owns 53,067 shares of the business services provider’s stock worth $8,411,000 after buying an additional 370 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Waste Management by 0.6{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the first quarter. Baird Financial Group Inc. now owns 358,624 shares of the business services provider’s stock worth $56,842,000 after buying an additional 2,309 shares in the last quarter. Covestor Ltd grew its holdings in shares of Waste Management by 83.8{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the first quarter. Covestor Ltd now owns 680 shares of the business services provider’s stock worth $108,000 after buying an additional 310 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Waste Management by 44.8{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the first quarter. NewEdge Advisors LLC now owns 33,030 shares of the business services provider’s stock worth $5,234,000 after buying an additional 10,212 shares in the last quarter. Institutional investors and hedge funds own 78.48{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the company’s stock.

Analyst Ratings Changes

WM has been the subject of a number of research reports. BMO Capital Markets decreased their price objective on Waste Management from $167.00 to $158.00 and set a “market perform” rating for the company in a report on Thursday, February 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Waste Management from $157.00 to $151.00 and set a “hold” rating for the company in a report on Monday, February 6th. Oppenheimer decreased their price target on Waste Management to $169.00 in a research note on Thursday, October 20th. UBS Group downgraded Waste Management from a “buy” rating to a “neutral” rating and decreased their price target for the company from $190.00 to $165.00 in a research note on Tuesday, January 10th. Finally, Jefferies Financial Group upgraded Waste Management from a “hold” rating to a “buy” rating and raised their price target for the company from $170.00 to $191.00 in a research note on Tuesday, October 25th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Waste Management currently has an average rating of “Hold” and a consensus target price of $168.00.

Insider Activity at Waste Management

In related news, Director John C. Pope sold 218 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $154.76, for a total value of $33,737.68. Following the completion of the sale, the director now directly owns 55,809 shares in the company, valued at approximately $8,637,000.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the stock is currently owned by corporate insiders.

Waste Management Stock Performance

Shares of NYSE WM traded up $1.79 during midday trading on Friday, hitting $154.07. 1,721,869 shares of the company’s stock were exchanged, compared to its average volume of 1,755,956. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.12. Waste Management, Inc. has a 12 month low of $138.58 and a 12 month high of $175.98. The company’s 50 day moving average price is $157.01 and its 200 day moving average price is $162.26. The firm has a market capitalization of $62.88 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.30 and a beta of 0.72.

Waste Management (NYSE:WM – Get Rating) last issued its earnings results on Wednesday, February 1st. The business services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Waste Management had a return on equity of 32.91{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} and a net margin of 11.36{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. The business had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The business’s revenue was up 5.5{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} compared to the same quarter last year. As a group, analysts predict that Waste Management, Inc. will post 6.09 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be paid a $0.70 dividend. The ex-dividend date is Thursday, March 9th. This is an increase from Waste Management’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 1.82{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. Waste Management’s payout ratio is 48.24{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}.

Waste Management announced that its board has initiated a stock buyback plan on Thursday, December 8th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the business services provider to purchase up to 2.2{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Waste Management Profile

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Waste Management, Inc is a holding company, which engages in the provision of waste management environmental services. It operates through the following segments: Tier 1, Tier 2, and Tier 3. The Tier 1 segment consists of areas in the Southern United States. The Tier 2 segment consists of areas located in the Midwest and Northeast United States.

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Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM – Get Rating).

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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Zovio Advances Turnaround Plan and Strengthens Financial Position

Zovio Advances Turnaround Plan and Strengthens Financial Position

Executing on its options to seek strategic choices to maximize shareholder value

CHANDLER, Ariz., May well 26, 2022 /PRNewswire/ — Zovio (NASDAQ: ZVO), an training technological innovation providers enterprise that companions with increased training and businesses, introduced development on its strategies to reset and turnaround the organization.  Considering that using the helm of Zovio in December, Hendricks has executed a sequence of decisive actions to set the firm on a route to increase operational overall performance and bolster its fiscal position. 

Particular steps taken by the organization include things like:

  • Improved the administration group and organizational construction to travel superior effectiveness and agility to satisfy client’s requires.
  • Producing progress with its strategic initiatives to stabilize and increase enrollment at the University of Arizona International Campus.
  • Continuing to cut down charges to be extra in-line with its revenues.
  • Positioning Fullstack Academy for strong and sustainable advancement and enlargement.
  • Completed the divestiture of TutorMe.
  • Getting and subsequently repaying bridge financing, leaving the company credit card debt cost-free.
  • Continuing to evaluation strategic options that will make the biggest benefit for shareholders, together with further divestitures of the firms it operates.

“The actions we’ve taken over the final few months such as the recent TutorMe divestiture represent  meaningful actions in boosting our financial adaptability to execute on our turnaround system,” Zovio CEO Randy Hendricks explained. “Although I’m pleased with our development our function is not full and we will continue to focus on how very best to provide our clientele, and their students, and to make benefit for our shareholders,” Hendricks ongoing.

Connected Communications

This press release refers to info contained in the Company’s 8-K filing.

About Zovio

Zovio (Nasdaq: ZVO) is an schooling know-how companies business that companions with greater education and learning institutions and businesses to supply revolutionary, personalised options to support learners and leaders accomplish their aspirations. The Zovio network, including Fullstack Academy, leverages its core strengths to solve precedence market place wants via training technologies providers. Applying proprietary sophisticated info analytics, Zovio identifies the most significant strategies to enrich the learner knowledge and deliver solid results for bigger education and learning institutions, companies, and learners. Zovio’s purpose is to help every person be in a class of their possess. For much more data, visit www.zovio.com.

Call: Vickie Schray
[email protected]

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Newtek Small Business Finance Retains Position as Largest

Newtek Small Business Finance Retains Position as Largest

BOCA RATON, Fla., April 12, 2022 (World NEWSWIRE) — Newtek Business enterprise Products and services Corp., (NASDAQ: NEWT), an internally managed company development enterprise (“BDC”), nowadays announced that Newtek Tiny Small business Finance (“NSBF”) retained its place as the largest non-bank financial institution (with PLP standing) accredited by the SBA below the federal Area 7(a) mortgage program, primarily based on bank loan acceptance greenback quantity as of March 31, 2022. In addition, NSBF was rated as the 2nd major SBA 7(a) loan company, which includes banking institutions, by mortgage acceptance greenback quantity as of March 31, 2022.

Barry Sloane, President, Chairman and CEO Newtek commented, “We are thrilled to have retained our situation as the prime ranked non-lender SBA 7(a) loan company amid financial institutions, and next premier SBA 7(a) lender such as banking companies. Remaining a major SBA 7(a) financial institution is testament to our continued aim and inherent efficiencies in our SBA 7(a) bank loan method. We plan on continuing to improve this platform and are excited about what the future holds for our lending program and Corporation as a entire. We glance ahead to reporting our initially quarter 2022 monetary final results through the initially week in May.”

Newtek Company Services Corp., Your Business enterprise Alternatives Enterprise®, is an internally managed BDC, which along with its controlled portfolio organizations, provides a huge vary of organization and financial solutions beneath the Newtek® model to the smaller- and medium-sized enterprise (“SMB”) market place. Since 1999, Newtek has offered point out-of-the-artwork, price-economical products and services and productive small business approaches to SMB associations across all 50 states to aid them grow their gross sales, handle their bills, and reduce their possibility.

Newtek’s and its portfolio companies’ products and solutions and services incorporate: Small business Lending, SBA Lending Solutions, Electronic Payment Processing, Know-how Answers (Cloud Computing, Information Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Funding, Insurance Methods, World-wide-web Products and services, and Payroll and Positive aspects Solutions.

Newtek® and Your Small business Answers Business® are registered emblems of Newtek Small business Companies Corp.

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This push launch incorporates sure ahead-looking statements. Text these as “believes,” “intends,” “expects,” “projects,” “anticipates,” “forecasts,” “goal” and “future” or identical expressions are intended to detect forward-seeking statements. All forward-seeking statements include a selection of dangers and uncertainties that could induce actual outcomes to differ materially from the designs, intentions and anticipations reflected in or instructed by the forward-on the lookout statements. Such threats and uncertainties involve, among other folks, intensified level of competition, functioning complications and their influence on revenues and revenue margins, predicted future enterprise procedures and money functionality, anticipated foreseeable future number of buyers, enterprise prospective buyers, legislative developments and comparable issues. Possibility aspects, cautionary statements and other situations, which could lead to Newtek’s actual results to differ from management’s recent anticipations, are contained in Newtek’s filings with the Securities and Trade Commission and obtainable by way of http://www.sec.gov/.   Newtek cautions you that forward-seeking statements are not assures of potential general performance and that precise benefits or developments may well vary materially from people projected or implied in these statements.

Resource: Newtek Business Companies Corp.

Investor Relations & General public Relations
Get hold of: Jayne Cavuoto
Telephone: (212) 273-8179 / jcavuoto@newtekone.com