As Comcast New (CMCSA) Valuation Rose, Benin Management Increased by $1.00 Million Its Holding; Amerisourcebergen Co (ABC) Market Valuation Declined While Regent Investment Management Has Lowered by $639,682 Its Holding

February 6, 2018 - By Peter Erickson

Benin Management Corp increased its stake in Comcast Corp New (CMCSA) by 361.84% based on its latest 2017Q3 regulatory filing with the SEC. Benin Management Corp bought 26,429 shares as the company’s stock rose 3.16% with the market. The institutional investor held 33,733 shares of the television services company at the end of 2017Q3, valued at $1.30M, up from 7,304 at the end of the previous reported quarter. Benin Management Corp who had been investing in Comcast Corp New for a number of months, seems to be bullish on the $181.94 billion market cap company. The stock decreased 4.65% or $1.91 during the last trading session, reaching $39.2. About 42.37M shares traded or 72.66% up from the average. Comcast Corporation (NASDAQ:CMCSA) has risen 28.96% since February 6, 2017 and is uptrending. It has outperformed by 12.26% the S&P500.

Regent Investment Management Llc decreased its stake in Amerisourcebergen Co (ABC) by 28.96% based on its latest 2017Q3 regulatory filing with the SEC. Regent Investment Management Llc sold 7,801 shares as the company’s stock declined 1.76% while stock markets rallied. The hedge fund held 19,137 shares of the other pharmaceuticals company at the end of 2017Q3, valued at $1.58 million, down from 26,938 at the end of the previous reported quarter. Regent Investment Management Llc who had been investing in Amerisourcebergen Co for a number of months, seems to be less bullish one the $20.08 billion market cap company. The stock decreased 4.29% or $4.12 during the last trading session, reaching $91.9. About 2.28 million shares traded or 24.97% up from the average. AmerisourceBergen Corporation (NYSE:ABC) has risen 18.80% since February 6, 2017 and is uptrending. It has outperformed by 2.10% the S&P500.

Benin Management Corp, which manages about $278.88M and $248.13M US Long portfolio, decreased its stake in Pnc Finl Svcs Group Inc (NYSE:PNC) by 2,600 shares to 49,753 shares, valued at $6.71 million in 2017Q3, according to the filing. It also reduced its holding in Fedex Corp (NYSE:FDX) by 1,900 shares in the quarter, leaving it with 23,215 shares, and cut its stake in Hartford Finl Svcs Group Inc (NYSE:HIG).

Among 31 analysts covering Comcast Corporation (NASDAQ:CMCSA), 24 have Buy rating, 1 Sell and 6 Hold. Therefore 77% are positive. Comcast Corporation had 79 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Monday, December 19. The firm earned “Buy” rating on Wednesday, August 26 by Wunderlich. Barclays Capital maintained the stock with “Overweight” rating in Friday, October 27 report. The stock has “Outperform” rating by Wells Fargo on Thursday, January 25. The firm earned “Hold” rating on Monday, October 16 by KeyBanc Capital Markets. The company was maintained on Wednesday, May 4 by Goldman Sachs. On Tuesday, May 30 the stock rating was maintained by Piper Jaffray with “Buy”. The rating was maintained by UBS with “Buy” on Friday, July 24. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Buy” rating given on Thursday, July 27 by Pivotal Research. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Neutral” rating by MoffettNathanson on Wednesday, August 19.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.02, from 1.01 in 2017Q2. It increased, as 53 investors sold CMCSA shares while 517 reduced holdings. 115 funds opened positions while 470 raised stakes. 3.65 billion shares or 1.23% less from 3.69 billion shares in 2017Q2 were reported. Goodnow Grp Llc has 0.2% invested in Comcast Corporation (NASDAQ:CMCSA). Clark Mgmt Gru holds 1.75% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 1.35M shares. Jane Street Group Ltd Liability Corporation accumulated 0.02% or 173,217 shares. Amundi Pioneer Asset accumulated 0.62% or 5.07M shares. Croft owns 299,178 shares for 2.72% of their portfolio. Cap Intl Ltd Ca owns 506,400 shares. Sumitomo Mitsui Tru owns 14.51 million shares. Kentucky Retirement System holds 290,595 shares. Putnam Invs Ltd Liability Corporation owns 1.13% invested in Comcast Corporation (NASDAQ:CMCSA) for 12.69 million shares. Advisor Prtn Limited Liability Company holds 104,771 shares. Notis reported 21,600 shares. Primecap Ca reported 2.84 million shares. Cls Ltd holds 500 shares. Eqis Capital Management Incorporated holds 0.02% or 9,841 shares. Epoch Investment Prns invested in 6.69 million shares.

Since August 7, 2017, it had 0 insider purchases, and 5 sales for $31.15 million activity. BLOCK ARTHUR R sold 4,091 shares worth $156,931. Shares for $8.11M were sold by BURKE STEPHEN B. BACON KENNETH J sold 2,232 shares worth $83,175. $144,915 worth of stock was sold by Murdock Daniel C. on Monday, August 7.