Alliancebernstein LP Boosted Position in Sothebys (BID) by $13.30 Million as Stock Rose; Rivulet Capital Increases Holding in Commscope Hldg Co (COMM)

January 14, 2018 - By Michael Collier

Alliancebernstein Lp increased its stake in Sothebys (BID) by 8.92% based on its latest 2017Q3 regulatory filing with the SEC. Alliancebernstein Lp bought 289,040 shares as the company’s stock rose 22.01% with the market. The hedge fund held 3.53M shares of the business services company at the end of 2017Q3, valued at $162.70M, up from 3.24 million at the end of the previous reported quarter. Alliancebernstein Lp who had been investing in Sothebys for a number of months, seems to be bullish on the $2.77 billion market cap company. The stock increased 1.35% or $0.7 during the last trading session, reaching $52.71. About 516,421 shares traded or 40.30% up from the average. Sotheby's (NYSE:BID) has risen 78.16% since January 14, 2017 and is uptrending. It has outperformed by 61.46% the S&P500.

Barry Lebovits increased its stake in Commscope Hldg Co Inc (COMM) by 47.62% based on its latest 2017Q3 regulatory filing with the SEC. Rivulet Capital Llc bought 1.05 million shares as the company’s stock declined 6.21% while stock markets rallied. The hedge fund run by Barry Lebovits held 3.25M shares of the technology company at the end of 2017Q3, valued at $107.82M, up from 2.20 million at the end of the previous reported quarter. Rivulet Capital Llc who had been investing in Commscope Hldg Co Inc for a number of months, seems to be bullish on the $7.43B market cap company. The stock increased 0.33% or $0.13 during the last trading session, reaching $38.97. About 2.20 million shares traded or 42.59% up from the average. CommScope Holding Company, Inc. (NASDAQ:COMM) has risen 25.42% since January 14, 2017 and is uptrending. It has outperformed by 8.72% the S&P500.




Among 12 analysts covering CommScope Holding (NASDAQ:COMM), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. CommScope Holding had 31 analyst reports since July 24, 2015 according to SRatingsIntel. Goldman Sachs upgraded the shares of COMM in report on Monday, May 9 to “Buy” rating. The firm has “Buy” rating by Jefferies given on Thursday, August 3. Northland Capital maintained the stock with “Market Perform” rating in Tuesday, November 10 report. JP Morgan upgraded CommScope Holding Company, Inc. (NASDAQ:COMM) on Thursday, December 17 to “Overweight” rating. The firm has “Equal-Weight” rating given on Tuesday, September 20 by Morgan Stanley. The stock has “Neutral” rating by Longbow on Friday, August 4. The stock has “Hold” rating by Northland Capital on Monday, October 16. Northland Capital maintained CommScope Holding Company, Inc. (NASDAQ:COMM) on Tuesday, August 8 with “Hold” rating. The company was initiated on Wednesday, September 30 by Northland Capital. Goldman Sachs reinitiated it with “Neutral” rating and $34 target in Friday, September 18 report.

Investors sentiment decreased to 0.72 in 2017 Q3. Its down 0.52, from 1.24 in 2017Q2. It dived, as 61 investors sold COMM shares while 90 reduced holdings. 30 funds opened positions while 78 raised stakes. 191.80 million shares or 0.45% less from 192.66 million shares in 2017Q2 were reported. Bancshares stated it has 8,733 shares or 0% of all its holdings. 1.22M are owned by Vaughan Nelson Inv Management Limited Partnership. Federated Investors Pa stated it has 0.01% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM). 413,216 are owned by California Employees Retirement. Us Bancshares De accumulated 9,390 shares. 11,200 were reported by Pub Sector Pension Board. Vanguard accumulated 16.02 million shares. Ameriprise invested 0% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM). Myriad Asset reported 700,000 shares. Rivulet Ltd Liability Corp invested in 12.8% or 3.25 million shares. Goodnow Invest Ltd Liability Corporation stated it has 788,212 shares. Commercial Bank Of New York Mellon owns 811,942 shares. First Mercantile has invested 0.03% in CommScope Holding Company, Inc. (NASDAQ:COMM). 158,436 were accumulated by State Of Wisconsin Inv Board. Gotham Asset Management Limited Liability reported 53,865 shares stake.

Investors sentiment decreased to 0.72 in 2017 Q3. Its down 0.11, from 0.83 in 2017Q2. It fall, as 30 investors sold BID shares while 77 reduced holdings. 26 funds opened positions while 51 raised stakes. 47.51 million shares or 2.32% more from 46.43 million shares in 2017Q2 were reported. 2,735 were reported by Us Retail Bank De. Diker Limited Liability stated it has 140,000 shares. Columbus Circle Investors invested 0.02% in Sotheby's (NYSE:BID). Hbk Invests Lp, a Texas-based fund reported 15,900 shares. Ameritas Invest Prns Incorporated invested in 0.04% or 16,940 shares. Schwab Charles Inv Mgmt Incorporated has invested 0.01% in Sotheby's (NYSE:BID). Paradice Investment Mgmt Limited Liability accumulated 1.09 million shares. Yorktown Mngmt & Rech Communications Inc has 5,050 shares. Comerica Retail Bank holds 0.01% of its portfolio in Sotheby's (NYSE:BID) for 39,266 shares. Wellington Mngmt Llp reported 98,207 shares. Louisiana State Employees Retirement System holds 10,000 shares or 0.02% of its portfolio. Schroder Inv Grp reported 17,300 shares. Texas Permanent School Fund invested in 0.02% or 27,301 shares. Panagora Asset holds 0% or 4,350 shares in its portfolio. California State Teachers Retirement owns 61,023 shares.

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