Endurant Capital Management Lp buys $8,463,068 stake in McKesson Corporation (MCK)

McKesson Corporation (MCK) : Endurant Capital Management Lp scooped up 11,776 additional shares in McKesson Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 43,347 shares of McKesson Corporation which is valued at $8,463,068.McKesson Corporation makes up approximately 2.40% of Endurant Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Ccm Investment Advisers boosted its stake in MCK in the latest quarter, The investment management firm added 10,508 additional shares and now holds a total of 102,714 shares of McKesson Corporation which is valued at $20,053,881. McKesson Corporation makes up approx 1.80% of Ccm Investment Advisers’s portfolio.Catalyst Capital Advisors boosted its stake in MCK in the latest quarter, The investment management firm added 13,000 additional shares and now holds a total of 16,100 shares of McKesson Corporation which is valued at $3,143,364. McKesson Corporation makes up approx 0.57% of Catalyst Capital Advisors’s portfolio.Mufg Americas Holdings Corp reduced its stake in MCK by selling 142 shares or 1.78% in the most recent quarter. The Hedge Fund company now holds 7,851 shares of MCK which is valued at $1,543,664. McKesson Corporation makes up approx 0.05% of Mufg Americas Holdings Corp’s portfolio.Cambridge Investment Research Advisors boosted its stake in MCK in the latest quarter, The investment management firm added 2,959 additional shares and now holds a total of 15,717 shares of McKesson Corporation which is valued at $3,059,471. McKesson Corporation makes up approx 0.06% of Cambridge Investment Research Advisors’s portfolio.Canandaigua National Bank Trust Co reduced its stake in MCK by selling 300 shares or 18.4% in the most recent quarter. The Hedge Fund company now holds 1,330 shares of MCK which is valued at $261,904. McKesson Corporation makes up approx 0.07% of Canandaigua National Bank Trust Co’s portfolio.

McKesson Corporation opened for trading at $184 and hit $186.28 on the upside on Wednesday, eventually ending the session at $184.96, with a gain of 0.15% or 0.27 points. The heightened volatility saw the trading volume jump to 971,418 shares. Company has a market cap of $41,746 M.

On the company’s financial health, McKesson Corporation reported $3.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $3.34. The company had revenue of $49733.00 million for the quarter, compared to analysts expectations of $50333.03 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.14 EPS.

Many Wall Street Analysts have commented on McKesson Corporation. Company shares were Reiterated by Mizuho on Aug 11, 2016 to “Neutral”, Firm has raised the Price Target to $ 197 from a previous price target of $174 .Company shares were Reiterated by Mizuho on Jun 7, 2016 to “Neutral”, Firm has raised the Price Target to $ 174 from a previous price target of $164 .McKesson Corporation was Resumed by BofA/Merrill to “Neutral” on Jun 7, 2016.

McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals medical supplies and healthcare information technology. The Company operates through two business segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes drugs and equipment and health and beauty care products across North America and internationally. The Distribution Solutions segment provides pharmaceutical solutions for biotech and pharmaceutical manufacturers and practice management technology clinical support and business solutions to oncology and other specialty practices operating in the community setting. The Technology Solutions segment delivers clinical patient care financial supply chain and strategic management software solutions as well as connectivity outsourcing and other services including remote hosting and managed services to healthcare organizations.

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