Black Diamond Capital Management Increased Its Saratoga Invt (SAR) Position by $329,868 as Market Value Declined; Comcast New (CMCSA) Shareholder Beach Point Capital Management LP Decreased Holding as Shares Declined

May 16, 2018 - By Richard Conner

Comcast Corporation (NASDAQ:CMCSA) Logo

Carl Goldsmith decreased its stake in Comcast Corp New (CMCSA) by 15.31% based on its latest 2017Q4 regulatory filing with the SEC. Beach Point Capital Management Lp sold 64,441 shares as the company’s stock declined 19.10% with the market. The hedge fund run by Carl Goldsmith held 356,431 shares of the television services company at the end of 2017Q4, valued at $14.28 million, down from 420,872 at the end of the previous reported quarter. Beach Point Capital Management Lp who had been investing in Comcast Corp New for a number of months, seems to be less bullish one the $149.76 billion market cap company. The stock increased 1.67% or $0.535 during the last trading session, reaching $32.545. About 11.93 million shares traded. Comcast Corporation (NASDAQ:CMCSA) has declined 11.10% since May 16, 2017 and is downtrending. It has underperformed by 22.65% the S&P500.




Black Diamond Capital Management Llc increased its stake in Saratoga Invt Corp (SAR) by 2.15% based on its latest 2017Q4 regulatory filing with the SEC. Black Diamond Capital Management Llc bought 14,994 shares as the company’s stock declined 5.76% with the market. The hedge fund held 713,360 shares of the company at the end of 2017Q4, valued at $15.96M, up from 698,366 at the end of the previous reported quarter. Black Diamond Capital Management Llc who had been investing in Saratoga Invt Corp for a number of months, seems to be bullish on the $139.85M market cap company. The stock increased 0.09% or $0.02 during the last trading session, reaching $22.35. About 14,816 shares traded or 12.47% up from the average. Saratoga Investment Corp. (NYSE:SAR) has declined 7.60% since May 16, 2017 and is downtrending. It has underperformed by 19.15% the S&P500.

Among 3 analysts covering Saratoga Investment Corp (NYSE:SAR), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Saratoga Investment Corp had 5 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of Saratoga Investment Corp. (NYSE:SAR) has “Neutral” rating given on Tuesday, July 26 by Compass Point. The stock of Saratoga Investment Corp. (NYSE:SAR) earned “Buy” rating by Compass Point on Friday, October 13. The stock has “Hold” rating by Zacks on Wednesday, August 26.

Another recent and important Saratoga Investment Corp. (NYSE:SAR) news was published by Seekingalpha.com which published an article titled: “BDCs boosting leverage” on April 17, 2018.

Since December 14, 2017, it had 0 buys, and 11 insider sales for $62.58 million activity. 2,471 Comcast Corporation (NASDAQ:CMCSA) shares with value of $87,968 were sold by BLOCK ARTHUR R. $4.84M worth of Comcast Corporation (NASDAQ:CMCSA) was sold by WATSON DAVID N. 691,105 shares were sold by ROBERTS BRIAN L, worth $25.24M on Tuesday, March 13. 190,756 shares were sold by BURKE STEPHEN B, worth $8.11 million on Friday, January 26.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.10, from 1.03 in 2017Q3. It fall, as 75 investors sold CMCSA shares while 544 reduced holdings. 122 funds opened positions while 455 raised stakes. 3.66 billion shares or 0.28% more from 3.65 billion shares in 2017Q3 were reported. Markel owns 211,000 shares or 0.16% of their US portfolio. Univest Of Pennsylvania stated it has 1.89% in Comcast Corporation (NASDAQ:CMCSA). Duncker Streett And Incorporated accumulated 0.86% or 83,111 shares. Cardinal Cap has invested 0.36% in Comcast Corporation (NASDAQ:CMCSA). Prudential Public Limited Com holds 5.96M shares or 0.73% of its portfolio. Paradigm Capital Mngmt Incorporated New York owns 0.04% invested in Comcast Corporation (NASDAQ:CMCSA) for 13,000 shares. 1.31M are owned by Locust Wood Capital Advisers Ltd Liability Corp. Origin Asset Mngmt Ltd Liability Partnership, a United Kingdom-based fund reported 294,971 shares. Trustco Comml Bank Corp N Y reported 5,800 shares stake. Perigon Wealth Mngmt Ltd Liability Co holds 1.49% or 99,907 shares. E&G Lp accumulated 64,762 shares. Spinnaker Tru holds 85,121 shares. Moreover, Allsquare Wealth Mgmt Limited Liability Co has 0.02% invested in Comcast Corporation (NASDAQ:CMCSA) for 684 shares. 13,504 were accumulated by Camarda Fincl Ltd Com. Crestpoint Management Ltd Liability Co accumulated 22,900 shares.

More notable recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Nasdaq.com which released: “Disruption in the Streaming Market Only Helps Walt Disney Co Stock” on May 15, 2018, also Bizjournals.com with their article: “Tired of lines for theme park rides? Universal Orlando has patented a new tech that may shorten the wait” published on May 16, 2018, Nasdaq.com published: “As Comcast Torpedoes Disney’s Fox Deal, Which Stocks Emerge a Buy?” on May 15, 2018. More interesting news about Comcast Corporation (NASDAQ:CMCSA) were released by: Seekingalpha.com and their article: “Breakup fee added to Comcast bid for Fox” published on May 10, 2018 as well as Nasdaq.com‘s news article titled: “Roku’s Platform Business Is Just Getting Started” with publication date: May 15, 2018.

Beach Point Capital Management Lp, which manages about $8.09 billion and $417.76 million US Long portfolio, upped its stake in Nexstar Media Group Inc (NASDAQ:NXST) by 118,764 shares to 446,300 shares, valued at $34.90M in 2017Q4, according to the filing.

Among 32 analysts covering Comcast Corporation (NASDAQ:CMCSA), 23 have Buy rating, 1 Sell and 8 Hold. Therefore 72% are positive. Comcast Corporation had 83 analyst reports since July 27, 2015 according to SRatingsIntel. Jefferies maintained Comcast Corporation (NASDAQ:CMCSA) rating on Thursday, January 25. Jefferies has “Buy” rating and $50.0 target. The rating was maintained by RBC Capital Markets on Wednesday, October 28 with “Outperform”. As per Wednesday, May 4, the company rating was maintained by Goldman Sachs. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Buy” rating by Bank of America on Wednesday, June 28. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Buy” rating by Moffett Nathanson on Tuesday, September 12. Guggenheim maintained it with “Buy” rating and $44.0 target in Tuesday, December 19 report. SunTrust maintained the stock with “Buy” rating in Wednesday, January 24 report. The firm has “Buy” rating given on Wednesday, October 4 by Robert W. Baird. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Outperform” rating given on Wednesday, January 6 by Credit Suisse. The firm has “Buy” rating by RBC Capital Markets given on Friday, September 8.

Analysts await Comcast Corporation (NASDAQ:CMCSA) to report earnings on July, 26. They expect $0.61 earnings per share, up 17.31% or $0.09 from last year’s $0.52 per share. CMCSA’s profit will be $2.81B for 13.34 P/E if the $0.61 EPS becomes a reality. After $0.62 actual earnings per share 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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