Dreman Value’s Most Eye-Popping Moves of Q3 in Ford, Magna, More

Manulife Financial Corporation (USA) (NYSE:MFC) stock gained 22% in this year so far. Dreman Value Management boosted its holding of the stock by 60,418 shares during the quarter ended on 30th September, 2016. The fund held $889,000 worth of Manulife Financial Corporation stock at the end of the quarter, forming 0.54% of its portfolio. Dreman Value Management had 63,014 shares of the company in its portfolio at the end of the period. Among the funds we track, 16 funds held $189 million worth of Dreman Value Management’s stock in aggregate at the end of June, having amassed 0.70% of its outstanding stock. Manulife Financial Corporation Manulife Financial Corporation reported its third quarter adjusted profit at $0.37 per share. Its revenue for the quarter stood at $11.09 billion.

Magna International Inc. (NYSE:MGA) stock formed 0.53% of Dreman Value Management’s portfolio at the end of September quarter. The fund held 20,405 shares of the company with a market value of $876,000. The number of funds from our hedge fund database long Manga International was at 29 in the quarter ending June. The total value of their holdings stood at $428 million, in comparison to $660 million held by 32 funds at the end of previous quarter. Bulls are optimistic on the stock given the strong U.S. economy.

Express Scripts Holding Company (NASDAQ:ESRX) stock declined 13% this year as it also saw 54% decline in its holding by Dreman Value Management. The investment firm held 12,314 shares of Express Scripts Holding worth $869,000 as on the end of September quarter. 51 hedge funds we track held around $2.56 billion of Express Scripts Holding stock as of the end of June quarter, versus 57 funds holding stock worth $2.75 billion the previous quarter. Despite the poor performance year-to-date, Express Scripts recently received a rating upgrade from Deutsche Bank, which bumped up its rant from Sell to Hold. The investment bank’s price target on Express Scripts was also raised by $1 per share to $70.

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