Michael Falcone, MMA Capital Management, (MMAC)’s insider Purchased 212 Shares; Meredith (MDP) Had 3 Analysts Last Week

April 11, 2018 - By Danny Collins

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Meredith Corporation (NYSE:MDP) Ratings Coverage

Among 8 analysts covering Meredith Corporation (NYSE:MDP), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Meredith Corporation had 25 analyst reports since July 21, 2015 according to SRatingsIntel. Benchmark maintained the stock with “Buy” rating in Friday, July 29 report. As per Thursday, March 23, the company rating was maintained by Benchmark. The rating was initiated by Jefferies on Tuesday, July 21 with “Hold”. Jefferies maintained it with “Hold” rating and $60.0 target in Monday, October 16 report. Benchmark maintained it with “Buy” rating and $6800 target in Friday, July 28 report. Wells Fargo maintained the shares of MDP in report on Friday, October 27 with “Market Perform” rating. The stock of Meredith Corporation (NYSE:MDP) earned “Equal-Weight” rating by Stephens on Wednesday, November 18. Benchmark upgraded the stock to “Buy” rating in Monday, June 5 report. Jefferies maintained it with “Hold” rating and $6000 target in Thursday, June 1 report. Citigroup downgraded the stock to “Neutral” rating in Friday, December 1 report. See Meredith Corporation (NYSE:MDP) latest ratings:

31/01/2018 Broker: Jefferies Rating: Buy New Target: $72.0 Maintain
31/01/2018 Broker: Gabelli Rating: Buy Upgrade
01/12/2017 Broker: Citigroup Old Rating: Buy New Rating: Neutral Downgrade
28/11/2017 Broker: Jefferies Old Rating: Hold New Rating: Buy Upgrade
13/11/2017 Broker: JMP Securities Rating: Market Perform Initiates Coverage On
27/10/2017 Broker: Wells Fargo Rating: Market Perform Old Target: $62 New Target: $54 Maintain
16/10/2017 Broker: Jefferies Rating: Hold New Target: $60.0 Maintain

MMA Capital Management, LLC creates and manages investments in housing and renewable energy sectors in the United States and internationally. The company has market cap of $159.08 million. The Company’s bond portfolio primarily comprises multifamily tax-exempt bonds, as well as other real estate related bond investments. It has a 8.36 P/E ratio. The firm offers leveraged bonds; low-income housing tax credits; asset management and administrative services to a limited liability firm and a commercial bank; guarantees to third parties related to the receipt of tax credits; and debt capital to develop build, and operate renewable energy systems.

Michael Falcone is the CEO and President of Mma Capital Management – Llc. He lately picked up 212 shares in the Pinksheet-listed company with the trade value amounting to nearly $5,809 USD. That is according to the revealed price of $27.4 per each share. At present, he holds a total of 182,557 shares or 3.18% of Mma Capital Management – Llc’s market capitalization.

The stock increased 0.54% or $0.15 during the last trading session, reaching $27.7. About 2,884 shares traded. MMA Capital Management, LLC (NASDAQ:MMAC) has risen 17.32% since April 11, 2017 and is uptrending. It has outperformed by 5.77% the S&P500.

The stock increased 0.75% or $0.4 during the last trading session, reaching $53.95. About 406,396 shares traded. Meredith Corporation (NYSE:MDP) has declined 14.74% since April 11, 2017 and is downtrending. It has underperformed by 26.29% the S&P500.

Meredith Corporation operates as a diversified media firm in the United States. The company has market cap of $2.42 billion. It operates in two divisions, Local Media and National Media. It has a 8.9 P/E ratio. The Local Media segment operates television stations, such as 7 CBS affiliates, 5 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, 1 ABC affiliate, and 2 independent stations.

Meredith Corporation (NYSE:MDP) Institutional Positions Chart