Sorin Capital Management Lifted Equity Commonwealth (EQC) Position by $1.96 Million as Share Value Declined; As Comcast (CMCSA) Share Price Rose, Stoneridge Investment Partners Has Lowered Its Position

January 10, 2018 - By Kurt Siggers

Sorin Capital Management Llc increased its stake in Equity Commonwealth (EQC) by 270.21% based on its latest 2017Q3 regulatory filing with the SEC. Sorin Capital Management Llc bought 65,400 shares as the company’s stock declined 0.70% while stock markets rallied. The institutional investor held 89,603 shares of the real estate investment trusts company at the end of 2017Q3, valued at $2.72M, up from 24,203 at the end of the previous reported quarter. Sorin Capital Management Llc who had been investing in Equity Commonwealth for a number of months, seems to be bullish on the $3.66 billion market cap company. The stock decreased 0.91% or $0.27 during the last trading session, reaching $29.49. About 42,522 shares traded. Equity Commonwealth (NYSE:EQC) has risen 13.35% since January 10, 2017 and is uptrending. It has underperformed by 3.35% the S&P500.

Stoneridge Investment Partners Llc decreased its stake in Comcast Corp (CMCSA) by 50.45% based on its latest 2017Q3 regulatory filing with the SEC. Stoneridge Investment Partners Llc sold 77,682 shares as the company’s stock rose 3.16% with the market. The institutional investor held 76,304 shares of the television services company at the end of 2017Q3, valued at $2.94M, down from 153,986 at the end of the previous reported quarter. Stoneridge Investment Partners Llc who had been investing in Comcast Corp for a number of months, seems to be less bullish one the $188.96 billion market cap company. The stock decreased 0.44% or $0.18 during the last trading session, reaching $40.43. About 1.28 million shares traded. Comcast Corporation (NASDAQ:CMCSA) has risen 28.96% since January 10, 2017 and is uptrending. It has outperformed by 12.26% the S&P500.




Sorin Capital Management Llc, which manages about $829.38M and $126.02M US Long portfolio, decreased its stake in Ishares Tr (Put) (SPY) by 6,800 shares to 142,700 shares, valued at $35.85M in 2017Q3, according to the filing.

Among 3 analysts covering Equity Commonwealth (NYSE:EQC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Equity Commonwealth had 9 analyst reports since August 10, 2015 according to SRatingsIntel. Zacks upgraded the shares of EQC in report on Monday, August 10 to “Sell” rating. As per Monday, September 14, the company rating was upgraded by Citigroup. The stock of Equity Commonwealth (NYSE:EQC) earned “Neutral” rating by Citigroup on Thursday, September 1. As per Monday, September 18, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus downgraded the shares of EQC in report on Friday, November 6 to “Hold” rating. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, July 14. The rating was upgraded by Bank of America on Wednesday, September 9 to “Neutral”. The stock of Equity Commonwealth (NYSE:EQC) has “Buy” rating given on Monday, August 15 by Bank of America. The firm has “Neutral” rating by Citigroup given on Friday, September 11.

Among 29 analysts covering Comcast Corporation (NASDAQ:CMCSA), 24 have Buy rating, 1 Sell and 4 Hold. Therefore 83% are positive. Comcast Corporation had 68 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, July 7 by RBC Capital Markets. The rating was maintained by Wells Fargo on Monday, October 23 with “Buy”. Argus Research upgraded Comcast Corporation (NASDAQ:CMCSA) on Friday, February 5 to “Buy” rating. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Buy” rating by Nomura on Tuesday, December 8. The company was maintained on Wednesday, January 6 by Credit Suisse. On Thursday, February 4 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Buy” rating given on Monday, December 19 by Jefferies. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Outperform” rating given on Monday, October 24 by Macquarie Research. As per Thursday, December 17, the company rating was maintained by Pivotal Research. The company was maintained on Friday, October 27 by Nomura.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.02, from 1.01 in 2017Q2. It is positive, 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. Mufg Americas Hldgs Corporation holds 0.76% or 616,917 shares in its portfolio. West Family Invs Inc, a Illinois-based fund reported 120,000 shares. King Wealth Mngmt Grp Limited Liability invested 0.12% in Comcast Corporation (NASDAQ:CMCSA). Mycio Wealth Prns Ltd Llc stated it has 0.12% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Court Place Advsrs Ltd Company holds 0.1% or 5,613 shares. South Dakota Invest Council holds 76,400 shares. Clearbridge Investments Limited Liability Co, New York-based fund reported 94.36 million shares. Archford Capital Strategies Ltd Liability Corp has invested 0.4% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). The Washington-based Merriman Wealth Limited Liability Corporation has invested 0.05% in Comcast Corporation (NASDAQ:CMCSA). 2.46 million are held by Axa. Archon Prtnrs Ltd holds 2.65% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 296,000 shares. Laurion Capital Lp has invested 0.06% in Comcast Corporation (NASDAQ:CMCSA). Architects holds 0.15% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 2,149 shares. First Interstate Bankshares stated it has 6,897 shares or 0.06% of all its holdings. Virtu Fin Ltd reported 6,162 shares or 0.04% of all its holdings.

Stoneridge Investment Partners Llc, which manages about $1.01 billion and $635.96M US Long portfolio, upped its stake in Smucker J M Company (NYSE:SJM) by 9,488 shares to 78,906 shares, valued at $8.28M in 2017Q3, according to the filing. It also increased its holding in Amazon Com Inc (NASDAQ:AMZN) by 2,880 shares in the quarter, for a total of 3,192 shares, and has risen its stake in Johnson & Johnson (NYSE:JNJ).

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