Why Lithia Motors (LAD) Is On New High With Marsh & Mclennan Companies (MMC), Premier Financial Bancorp (PFBI), Gentiva Health Services (GTIV)

Lithia Motors Inc. (LAD) announced Sunday that it agreed to buy 100 percent of the outstanding shares of DCH Auto Group Inc. for an cherished price of on all sides of $340 million in cash and $22.5 million, or roughly 300,000 shares of Lithia common stock. Lithia Motors gapped up sharply Monday and climbed during the first half hour of trade. The stock was range-bound for the remainder of the session and closed higher by 9.85 at $86.53, with volume at nearly an 8-month high. Lithia Motors Inc. (NYSE:LAD), Auto Dealerships, is currently trading at $90.25, which escalated 1.77%. The stock is trading 1.51% below its 52-week high and 88.86% above its 52-week low. LAD has $2357.33 million market capitalization. The stock recorded a trading volume of 387900 shares as compared to its average volume of 329.35 million shares. LAD’s year to date performance is 30.55%. Experts rate it a ‘Buy’ stock.

Insurance brokerage Marsh & McLennan Cos., Inc. (MMC) Wednesday remarked it has reached a definitive deal to buy a majority stake in Semusa, an insurance broker and advisor in Panama and Marsh’s long-standing local correspondent broker. Terms of the transaction were not disclosed. Marsh & McLennan stated that the transaction will strengthen its leadership position in the Central America and Caribbean region. The price of Marsh & McLennan Companies, Inc. (NYSE:MMC), Insurance Brokers company, stock surged 1.84% to $52.04. The stock is dealing at 1.54% below its 52-week high and 38.26% above its 52-week low. MMC has 20.72x price to cash flow ratio with 11.20% profit margin. Its beta value stands at 0.76 times. The firm has the market capitalization of $28589.22 million. MMC showed 5.52% quarterly performance. Experts rate it a ‘Hold’ stock.

Premier Financial Bancorp Inc. (PFBI) Thursday declared first-quarter profit of $3.67 million or $0.41 per share, up from $2.50 million or $0.28 per share in the same period last year. Net-interest income flourished to $12.01 million from $10.14 million last year. Non-interest income totaled $1.38 million, down from $1.65 million last year. Premier Financial Bancorp Inc. (NASDAQ:PFBI), Regional – Southeast Banks, is currently trading at $15.19, which gained 2.70%. The stock is trading 1.61% below its 50 days high and 10.78% above its 50 days low. With 22300 of its shares exchanged hands during the day and 1.86 relative volume ratio, market capitalization of Premier Financial Bancorp Inc. moved to $122.13 million. The float was recorded 6.40 million compared to 8.04 million outstanding shares. PFBI’s monthly performance is 5.12%.

Kindred Healthcare Inc (KND) Monday sweetened its hostile bid for Gentiva Health Services Inc (GTIV) by fifty cents a share, and said it will commence tomorrow a cash tender equip for all shares of the home health and hospice services provider. Kindred now supplies to buy Gentiva for $14.50 per share in cash, for a total equity value of throughout $573 million. Gentiva Health Services Inc. (NASDAQ:GTIV), Home Health Care, is currently trading at $15.10, which swung 2.65%. The stock is trading 2.58% below its 52-week high and 105.44% above its 52-week low. At the closing bell, shares in Gentiva Health Services Inc. recorded a trading volume of 594700. Its total outstanding shares are 36.84 million with the market capitalization of $556.28 million. GTIV showed 6.11% weekly performance. Investment experts consider it a ‘Hold’ stock.

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Andy Weld, CFA, is an editor and equity analyst for The Downtown Leader. If you have a great story idea for Andy Weld, you can write at [Andy.Weld@downtownleader.com ].

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