Concourse Capital Management Boosted Its Keyw Hldg (KEYW) Position; Avid Technology (AVID) Sentiment Is 1

January 14, 2018 - By Maria Brooks

Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution worldwide. The company has market cap of $231.88 million. The firm offers professional video creative tools, such as Media Composer product line that is used to edit video content; NewsCutter option and iNews systems for news production; Avid Symphony option, which is used during post-production; and Media Composer | Cloud solution that enables broadcast news professionals to acquire, access, edit, and finish stories. It currently has negative earnings. It also offers media management solutions comprising Avid MediaCentral | UX Web and mobile apps that provide real-time access to media assets for media professional; and Avid Interplay asset management solutions, which offers network, storage, and database solutions to enable users to simultaneously share and manage media assets across a project or organization.

Concourse Capital Management Llc increased Keyw Hldg Corp (KEYW) stake by 381.54% reported in 2017Q3 SEC filing. Concourse Capital Management Llc acquired 44,526 shares as Keyw Hldg Corp (KEYW)’s stock declined 15.58%. The Concourse Capital Management Llc holds 56,196 shares with $428,000 value, up from 11,670 last quarter. Keyw Hldg Corp now has $313.48 million valuation. The stock decreased 1.70% or $0.11 during the last trading session, reaching $6.37. About 874,219 shares traded or 71.22% up from the average. The KEYW Holding Corporation (NASDAQ:KEYW) has risen 6.38% since January 14, 2017 and is uptrending. It has underperformed by 10.32% the S&P500.

Blum Capital Partners Lp holds 100% of its portfolio in Avid Technology, Inc. for 6.56 million shares. Cove Street Capital Llc owns 6.79 million shares or 3.44% of their US portfolio. Moreover, Messner & Smith Theme Value Investment Management Ltd Ca has 1.92% invested in the company for 271,144 shares. The New York-based Harvey Partners Llc has invested 0.55% in the stock. Private Capital Management Llc, a Florida-based fund reported 771,010 shares.

The stock increased 0.54% or $0.03 during the last trading session, reaching $5.63. About 208,222 shares traded. Avid Technology, Inc. (AVID) has declined 5.06% since January 14, 2017 and is downtrending. It has underperformed by 21.76% the S&P500.

Analysts await Avid Technology, Inc. (NASDAQ:AVID) to report earnings on March, 22. They expect $0.23 earnings per share, down 14.81% or $0.04 from last year’s $0.27 per share. AVID’s profit will be $9.47M for 6.12 P/E if the $0.23 EPS becomes a reality. After $0.04 actual earnings per share reported by Avid Technology, Inc. for the previous quarter, Wall Street now forecasts 475.00% EPS growth.

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