Comcast New (Call) (CMCSA) Shares Declined While Soroban Capital Partners LP Cut Its Position …



June 14, 2018 – By Peter Erickson

Comcast Corporation (NASDAQ:CMCSA) Logo

Investor Ab decreased its stake in Chinacache Intl Hldg Ltd (CCIH) by 55.41% based on its latest 2018Q1 regulatory filing with the SEC. Investor Ab sold 1.47 million shares as the company’s stock declined 10.65% with the market. The institutional investor held 1.18M shares of the edp services company at the end of 2018Q1, valued at $1.26M, down from 2.65M at the end of the previous reported quarter. Investor Ab who had been investing in Chinacache Intl Hldg Ltd for a number of months, seems to be less bullish one the $31.97M market cap company. The stock increased 0.84% or $0.01 during the last trading session, reaching $1.2. About 58,817 shares traded. ChinaCache International Holdings Ltd. (NASDAQ:CCIH) has risen 31.75% since June 14, 2017 and is uptrending. It has outperformed by 19.18% the S&P500. Some Historical CCIH News: 26/04/2018 – CHINACACHE INTERNATIONAL HOLDINGS LTD – APPOINTMENT OF GUANGSHENG MENG AS CHIEF FINANCIAL OFFICER, EFFECTIVE APRIL 20, 2018; 10/05/2018 – ChinaCache Adopts Shareholder Rights Plan; 27/04/2018 – CHINACACHE – DECISION TO TERMINATE DEAL MADE DUE TO PERCEIVED VALUE OF ASSETS IN LIGHT OF INCREASING MARKET DEMAND FOR DATA CENTER SERVICES; 26/04/2018 – CHINACACHE NAMES GUANGSHENG MENG AS CFO; 27/04/2018 – CHINACACHE INTERNATIONAL HOLDINGS LTD – TERMINATION OF AGREEMENT WAS APPROVED BY COMPANY’S AUDIT COMMITTEE; 10/05/2018 – ChinaCache: Rights Plan Not Adopted in Response to Any Specific Effort to Acquire Control; 27/04/2018 – ChinaCache International: None of the Parties to the Agreement Incurred a Breakup Fee Due to the Termination; 27/04/2018 – ChinaCache Terminated Agreement to Sell Data Center Assets; 26/04/2018 – ChinaCache International Names Guangsheng Meng as Chief Fincl Officer; 26/04/2018 – ChinaCache Appoints Guangsheng Meng as Chief Financial Officer

Eric W. Mandelblatt decreased its stake in Comcast Corp New (Call) (CMCSA) by 0.42% based on its latest 2018Q1 regulatory filing with the SEC. Soroban Capital Partners Lp sold 77,800 shares as the company’s stock declined 19.78% with the market. The hedge fund run by Eric W. Mandelblatt held 18.50M shares of the television services company at the end of 2018Q1, valued at $632.15 million, down from 18.58M at the end of the previous reported quarter. Soroban Capital Partners Lp who had been investing in Comcast Corp New (Call) for a number of months, seems to be less bullish one the $155.63 billion market cap company. The stock increased 4.64% or $1.5 during the last trading session, reaching $33.82. About 42.60 million shares traded or 56.51% up from the average. Comcast Corporation (NASDAQ:CMCSA) has declined 21.29% since June 14, 2017 and is downtrending. It has underperformed by 33.86% the S&P500. Some Historical CMCSA News: 25/04/2018 – COMCAST CMCSA.O CEO SAYS DEAL WOULD COVER COST OF CAPITAL ‘IN A COUPLE OF YEARS’; 03/05/2018 – Zola Announces $100M Series D Financing Led by Comcast Ventures With Participation From NBCUniversal and Goldman Sachs Investme; 08/05/2018 – Comcast Crashes Disney’s Fox Hunt, But Victory Isn’t Assured — Heard on the Street; 15/05/2018 – ANALYSIS-MoviePass: the unicorn that jumped into Wall St too soon; 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); 21/05/2018 – U.K. Culture Secretary Doesn’t Plan to Raise Concerns Over Comcast’s Sky Bid; 10/05/2018 – Comcast is said to include $2.5 billion break-up fee in Fox bid; 22/05/2018 – Comcast’s Bid to Buy Sky Buoyed by British Official; 18/04/2018 – AT&T’s Merger Boss Mocks U.S. Claim About Comcast Coordination; 08/05/2018 – Comcast Said to Mull Bid for Fox Assets (Video)

Since December 18, 2017, it had 0 insider buys, and 10 insider sales for $40.01 million activity. $25.24 million worth of Comcast Corporation (NASDAQ:CMCSA) shares were sold by ROBERTS BRIAN L. 916 Comcast Corporation (NASDAQ:CMCSA) shares with value of $30,411 were sold by Murdock Daniel C.. WATSON DAVID N also sold $4.84 million worth of Comcast Corporation (NASDAQ:CMCSA) on Tuesday, March 6. $8.11 million worth of stock was sold by BURKE STEPHEN B on Friday, January 26.

More notable recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Nasdaq.com which released: “Why Twenty-First Century Fox, Enphase Energy, and Korn/Ferry International Jumped Today” on June 13, 2018, also Seekingalpha.com with their article: “Comcast: Here To Stay, Diversified Or Not” published on June 05, 2018, Nasdaq.com published: “3 Reasons Disney Should Just Walk Away” on June 14, 2018. More interesting news about Comcast Corporation (NASDAQ:CMCSA) were released by: Nasdaq.com and their article: “Confidently Rush into Comcast Corporation — Fears Are Overblown” published on June 14, 2018 as well as Benzinga.com‘s news article titled: “Benzinga Pro’s 5 Stocks To Watch Today” with publication date: June 14, 2018.

Soroban Capital Partners Lp, which manages about $10.82 billion and $17.54B US Long portfolio, upped its stake in Mgm Resorts International (NYSE:MGM) by 18.47M shares to 21.97 million shares, valued at $769.30 million in 2018Q1, according to the filing. It also increased its holding in Comcast Corp New (NASDAQ:CMCSA) by 3.73M shares in the quarter, for a total of 22.31 million shares, and has risen its stake in Mgm Resorts International (Call) (NYSE:MGM).

Among 33 analysts covering Comcast Corporation (NASDAQ:CMCSA), 24 have Buy rating, 1 Sell and 8 Hold. Therefore 73% are positive. Comcast Corporation had 86 analyst reports since July 27, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, August 19 by MoffettNathanson. Nomura maintained Comcast Corporation (NASDAQ:CMCSA) on Friday, October 27 with “Buy” rating. The rating was maintained by RBC Capital Markets on Wednesday, October 28 with “Outperform”. Macquarie Research upgraded Comcast Corporation (NASDAQ:CMCSA) on Monday, October 24 to “Outperform” rating. Scotia Capital maintained Comcast Corporation (NASDAQ:CMCSA) rating on Friday, January 19. Scotia Capital has “Buy” rating and $52.0 target. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Neutral” rating given on Thursday, January 18 by Instinet. The firm has “Neutral” rating by Macquarie Research given on Tuesday, September 29. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Buy” rating given on Monday, October 23 by Wells Fargo. On Friday, October 27 the stock rating was maintained by Barclays Capital with “Overweight”. The company was downgraded on Thursday, January 18 by Nomura.

Analysts await Comcast Corporation (NASDAQ:CMCSA) to report earnings on July, 26. They expect $0.61 EPS, up 17.31% or $0.09 from last year’s $0.52 per share. CMCSA’s profit will be $2.81B for 13.86 P/E if the $0.61 EPS becomes a reality. After $0.62 actual EPS reported by Comcast Corporation for the previous quarter, Wall Street now forecasts -1.61% negative EPS growth.

Comcast Corporation (NASDAQ:CMCSA) Institutional Positions Chart

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By1 Peter Erickson

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