Muhlenkamp Co Inc Lowers stake in Alliance Data Systems Corporation (ADS)

Alliance Data Systems Corporation (ADS) : Muhlenkamp Co Inc reduced its stake in Alliance Data Systems Corporation by 0.38% during the most recent quarter end. The investment management company now holds a total of 120,854 shares of Alliance Data Systems Corporation which is valued at $26,939,565 after selling 467 shares in Alliance Data Systems Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Alliance Data Systems Corporation makes up approximately 10.11% of Muhlenkamp Co Inc’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp reduced its stake in ADS by selling 855 shares or 0.4% in the most recent quarter. The Hedge Fund company now holds 210,579 shares of ADS which is valued at $46,940,165. Alliance Data Systems Corporation makes up approx 0.03% of Dimensional Fund Advisors Lp’s portfolio.Glenmede Trust Co Na boosted its stake in ADS in the latest quarter, The investment management firm added 502 additional shares and now holds a total of 755 shares of Alliance Data Systems Corporation which is valued at $167,889. Cooke Bieler Lp added ADS to its portfolio by purchasing 386,173 company shares during the most recent quarter which is valued at $89,445,390. Alliance Data Systems Corporation makes up approx 1.91% of Cooke Bieler Lp’s portfolio.Daiwa Securities Group reduced its stake in ADS by selling 4,240 shares or 14.95% in the most recent quarter. The Hedge Fund company now holds 24,130 shares of ADS which is valued at $5,633,631. Alliance Data Systems Corporation makes up approx 0.03% of Daiwa Securities Group’s portfolio.

Alliance Data Systems Corporation closed down -8.14 points or -3.84% at $203.71 with 14,93,990 shares getting traded on Wednesday. Post opening the session at $208.7, the shares hit an intraday low of $200.785 and an intraday high of $209 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Alliance Data Systems Corporation reported $3.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $3.59. The company had revenue of $1748.80 million for the quarter, compared to analysts expectations of $1641.29 million. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.32 EPS.

Many Wall Street Analysts have commented on Alliance Data Systems Corporation. Alliance Data Systems Corporation was Downgraded by Credit Suisse to ” Underperform” on Aug 17, 2016. Alliance Data Systems Corporation was Downgraded by BMO Capital Markets to ” Market Perform” on Jul 22, 2016. Alliance Data Systems Corporation was Downgraded by Stifel to ” Hold” on Jul 18, 2016.

Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a variety of industries. The Company operates through three segments: LoyaltyOne which includes the Company’s Canadian AIR MILES Reward Program and BrandLoyalty; Epsilon which provides direct marketing solutions and Private Label Services and Credit which provides risk management solutions account origination funding transaction processing customer care collections and marketing services for the Company’s private label and co-brand retail credit card programs. The Company offers a portfolio of integrated outsourced marketing solutions including customer loyalty programs database marketing services end-to-end marketing services analytics and creative services direct marketing services and private label and co-brand retail credit card programs.

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