As Comcast New (CMCSA) Share Price Declined, Shareholder Act Ii Management LP Has …



July 13, 2018 – By Jacqueline McKee

ESCO Technologies Inc. (NYSE:ESE) Logo

Dennis Leibowitz decreased its stake in Comcast Corp New (CMCSA) by 20.6% based on its latest 2018Q1 regulatory filing with the SEC. Act Ii Management Lp sold 45,000 shares as the company’s stock declined 19.78% with the market. The hedge fund run by Dennis Leibowitz held 173,400 shares of the television services company at the end of 2018Q1, valued at $5.93 million, down from 218,400 at the end of the previous reported quarter. Act Ii Management Lp who had been investing in Comcast Corp New for a number of months, seems to be less bullish one the $159.75 billion market cap company. The stock increased 0.48% or $0.165 during the last trading session, reaching $34.715. About 15.81 million shares traded. Comcast Corporation (NASDAQ:CMCSA) has declined 21.29% since July 13, 2017 and is downtrending. It has underperformed by 33.86% the S&P500. Some Historical CMCSA News: 02/04/2018 – Comcast NBCUniversal to Livestream Coverage Commemorating 50th Anniversary of MLK’s Assassination and Legacy; 25/04/2018 – COMCAST SAYS EXPECT 2018 CABLE CAPITAL EXPENDITURES AS % OF CABLE REVENUES TO DECLINE BY UP TO 50BPS VS 2017 – SLIDES; 09/05/2018 – COMCAST BID IS SAID EXPECTED TO HAVE DEAL PROTECTIONS: CNBC; 25/04/2018 – COMCAST CORP – CONTINUES TO ENGAGE WITH THE SKY INDEPENDENT COMMITTEE WITH A VIEW TO OBTAINING A FUTURE RECOMMENDATION OF THE ACQUISITION; 22/05/2018 – Media wars latest: -21st Century Fox set to announce date shortly for shareholder vote on Disney deal, sources say, as Comcast prepares larger offer -CBS, Viacom war goes quiet for now as advisers try to lower temperature & see if there is a path to a deal (via @DavidFaber); 08/05/2018 – EU antitrust regulators to rule on Comcast, sky deal by June 15; 25/04/2018 – COMCAST CORP CMCSA.O – COMCAST CONTINUES TO ENGAGE WITH SKY INDEPENDENT COMMITTEE WITH A VIEW TO OBTAINING A FUTURE RECOMMENDATION OF ACQUISITION; 25/04/2018 – COMCAST- INTENDING TO MAKE FURTHER COMMITMENT NOT TO ACQUIRE ANY MAJORITY INTEREST IN ANY NEWSPAPERS IN UK FOR 5 YEARS, TO HELP ENSURE MEDIA PLURALITY IS SUSTAINED; 11/04/2018 – CNBC: BREAKING: House Speaker Paul Ryan won’t run for re-election – NBC News; 16/04/2018 – CMO Today: Martin Sorrell Resigns; Starbucks Apologizes For Customers’ Arrest; Comcast and Netflix Tie-Up

Bank Of New York Mellon Corp decreased its stake in Esco Technologies Inc (ESE) by 24.41% based on its latest 2018Q1 regulatory filing with the SEC. Bank Of New York Mellon Corp sold 106,750 shares as the company’s stock declined 10.39% with the market. The institutional investor held 330,495 shares of the telecommunications equipment company at the end of 2018Q1, valued at $19.35 million, down from 437,245 at the end of the previous reported quarter. Bank Of New York Mellon Corp who had been investing in Esco Technologies Inc for a number of months, seems to be less bullish one the $1.60B market cap company. The stock decreased 0.16% or $0.1 during the last trading session, reaching $61.7. About 24,405 shares traded. ESCO Technologies Inc. (NYSE:ESE) has declined 3.47% since July 13, 2017 and is downtrending. It has underperformed by 16.04% the S&P500. Some Historical ESE News: 19/04/2018 – Weir Group: ESCO Board, Shareholders Support Deal; 03/04/2018 – Investor Expectations to Drive Momentum within MongoDB, Johnson Outdoors, Bassett Furniture Industries, ESCO Technologies, Firs; 19/04/2018 – Weir to buy US industrial equipment maker Esco in $1.3bn deal; 14/03/2018 – Press Release: ESCO Announces Acquisition of North Amer Utility Solutions Provider; 08/05/2018 – ESCO Technologies Sees 2018 EPS $3.55-EPS $3.65; 08/05/2018 – ESCO Technologies 2Q EPS 38c; 19/04/2018 – WEIR GROUP PLC WEIR.L – WEIR HAS ENTERED INTO A BINDING AGREEMENT TO ACQUIRE ESCO CORPORATION (“ESCO”), A US COMPANY BASED IN PORTLAND, OREGON, FOR AN EQUITY VALUE OF US$1,051M AND AN ESTIMATED; 08/05/2018 – ESCO Technologies 2Q Adj EPS 48c; 25/05/2018 – TABLE-Uchida Esco 4699.T – 9-MTH group results; 14/03/2018 – ESCO TECHNOLOGIES INC – TERMS OF TRANSACTION WERE NOT DISCLOSED

Among 8 analysts covering ESCO Technologies (NYSE:ESE), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. ESCO Technologies had 11 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of ESCO Technologies Inc. (NYSE:ESE) has “Hold” rating given on Monday, October 16 by Needham. As per Friday, August 28, the company rating was upgraded by Zacks. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, August 12. On Wednesday, May 4 the stock rating was maintained by BB&T Capital with “Buy”. The stock of ESCO Technologies Inc. (NYSE:ESE) has “Buy” rating given on Monday, October 12 by Euro Pacific Capital. Needham upgraded the shares of ESE in report on Tuesday, November 21 to “Buy” rating.

Analysts await ESCO Technologies Inc. (NYSE:ESE) to report earnings on August, 14. They expect $0.71 earnings per share, up 39.22% or $0.20 from last year’s $0.51 per share. ESE’s profit will be $18.40M for 21.73 P/E if the $0.71 EPS becomes a reality. After $0.48 actual earnings per share reported by ESCO Technologies Inc. for the previous quarter, Wall Street now forecasts 47.92% EPS growth.

Bank Of New York Mellon Corp, which manages about $361.31B US Long portfolio, upped its stake in O’reilly Automotive Inc (NASDAQ:ORLY) by 318,633 shares to 1.38 million shares, valued at $340.97M in 2018Q1, according to the filing. It also increased its holding in Hubbell Inc by 3,320 shares in the quarter, for a total of 781,705 shares, and has risen its stake in Spx Flow Inc.

Since February 15, 2018, it had 0 insider buys, and 2 insider sales for $575,427 activity. The insider BARCLAY ALYSON S sold 5,000 shares worth $310,000.

Investors sentiment increased to 1.31 in 2018 Q1. Its up 0.02, from 1.29 in 2017Q4. It improved, as 6 investors sold ESE shares while 46 reduced holdings. 17 funds opened positions while 51 raised stakes. 23.25 million shares or 2.47% less from 23.84 million shares in 2017Q4 were reported. North Carolina-based Comml Bank Of America De has invested 0% in ESCO Technologies Inc. (NYSE:ESE). Moreover, First Advisors LP has 0% invested in ESCO Technologies Inc. (NYSE:ESE). Arizona State Retirement Sys invested in 40,823 shares or 0.02% of the stock. D E Shaw & Commerce Inc has invested 0% in ESCO Technologies Inc. (NYSE:ESE). Crawford Investment Counsel reported 0.33% of its portfolio in ESCO Technologies Inc. (NYSE:ESE). Comerica Bank holds 0.02% of its portfolio in ESCO Technologies Inc. (NYSE:ESE) for 47,383 shares. Pnc Gp owns 2,314 shares. Pier Capital Ltd Liability Com holds 87,958 shares. Profund Limited Liability Co invested in 0.01% or 4,699 shares. Bamco New York reported 0.02% in ESCO Technologies Inc. (NYSE:ESE). Public Employees Retirement Of Ohio holds 0% of its portfolio in ESCO Technologies Inc. (NYSE:ESE) for 962 shares. Comml Bank Of Mellon Corp stated it has 0.01% of its portfolio in ESCO Technologies Inc. (NYSE:ESE). Ameritas Invest Prns Incorporated has 0.01% invested in ESCO Technologies Inc. (NYSE:ESE). 53,090 are held by Legal General Grp Inc Plc. Envestnet Asset Management has invested 0% in ESCO Technologies Inc. (NYSE:ESE).

More notable recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Nasdaq.com which released: “Disney-Comcast Bidding War Has Pushed Twenty-First Century Fox Inc Stock 39% Higher in 2018” on July 12, 2018, also Seekingalpha.com with their article: “Dinosaurs, ‘Incredibles’ hold on to box office dollars” published on July 02, 2018, Nasdaq.com published: “WWE Just Hit a New All-Time High: Is It Time to Sell?” on July 12, 2018. More interesting news about Comcast Corporation (NASDAQ:CMCSA) were released by: Benzinga.com and their article: “The Sky Bidding War: What It Means For Any Potential Fox Acquisition” published on July 13, 2018 as well as Benzinga.com‘s news article titled: “Wall Street Sees A Bounce After Trade-Driven Losses” with publication date: July 12, 2018.

Analysts await Comcast Corporation (NASDAQ:CMCSA) to report earnings on July, 26 before the open. They expect $0.60 EPS, up 15.38% or $0.08 from last year’s $0.52 per share. CMCSA’s profit will be $2.76B for 14.46 P/E if the $0.60 EPS becomes a reality. After $0.62 actual EPS reported by Comcast Corporation for the previous quarter, Wall Street now forecasts -3.23% negative EPS growth.

Among 33 analysts covering Comcast Corporation (NASDAQ:CMCSA), 23 have Buy rating, 1 Sell and 9 Hold. Therefore 70% are positive. Comcast Corporation had 88 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Thursday, January 25 with “Buy”. The firm earned “Buy” rating on Friday, September 8 by RBC Capital Markets. SunTrust maintained Comcast Corporation (NASDAQ:CMCSA) rating on Thursday, October 26. SunTrust has “Buy” rating and $45.0 target. UBS maintained Comcast Corporation (NASDAQ:CMCSA) rating on Thursday, March 22. UBS has “Buy” rating and $47 target. Moffett Nathanson upgraded the shares of CMCSA in report on Wednesday, August 19 to “Buy” rating. Scotia Capital maintained the stock with “Buy” rating in Friday, April 20 report. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Buy” rating given on Friday, January 19 by Scotia Capital. The firm has “Buy” rating given on Wednesday, January 24 by SunTrust. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Hold” rating by Nomura on Thursday, January 18. The rating was upgraded by Moffett Nathanson to “Buy” on Tuesday, September 12.

ESCO Technologies Inc. (NYSE:ESE) Institutional Positions Chart

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