Springbok Capital Management Trimmed Its Gray Television (GTN) Holding by $16.05 Million; Shares Rose; As Facebook (FB) Share Value Rose, Holder Shellback Capital LP Has Boosted Stake

February 16, 2018 - By Louis Casey

Gavin Saitowitz decreased its stake in Gray Television Inc (GTN) by 99.98% based on its latest 2017Q3 regulatory filing with the SEC. Springbok Capital Management Llc sold 1.00M shares as the company’s stock rose 0.40% with the market. The hedge fund run by Gavin Saitowitz held 246 shares of the consumer services company at the end of 2017Q3, valued at $4,000, down from 1.00 million at the end of the previous reported quarter. Springbok Capital Management Llc who had been investing in Gray Television Inc for a number of months, seems to be less bullish one the $1.32 billion market cap company. The stock decreased 2.43% or $0.38 during the last trading session, reaching $15.07. About 622,657 shares traded. Gray Television, Inc. (NYSE:GTN) has risen 15.17% since February 16, 2017 and is uptrending. It has underperformed by 1.53% the S&P500.

Shellback Capital Lp increased its stake in Facebook Inc (FB) by 18.44% based on its latest 2017Q3 regulatory filing with the SEC. Shellback Capital Lp bought 20,280 shares as the company’s stock rose 10.88% with the market. The institutional investor held 130,280 shares of the technology company at the end of 2017Q3, valued at $22.26M, up from 110,000 at the end of the previous reported quarter. Shellback Capital Lp who had been investing in Facebook Inc for a number of months, seems to be bullish on the $514.53 billion market cap company. The stock decreased 1.58% or $2.842 during the last trading session, reaching $177.118. About 17.38 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since February 16, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.




Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.25, from 1.4 in 2017Q2. It dived, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Welch And Forbes Lc reported 212,300 shares. Wellington Grp Inc Ltd Liability Partnership reported 0.84% of its portfolio in Facebook, Inc. (NASDAQ:FB). Registered Inv Advisor holds 1.31% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 15,318 shares. Hermes Management holds 561,519 shares. Wcm Invest Mgmt Ca owns 382,265 shares. Davidson Advsrs reported 55,399 shares. 37,191 are held by Planning. Philadelphia Trust holds 2.33% or 166,219 shares. Moreover, Price T Rowe Assoc Md has 1.92% invested in Facebook, Inc. (NASDAQ:FB) for 65.83M shares. Atlas Browninc holds 0.14% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 3,929 shares. Parsec holds 31,312 shares or 0.39% of its portfolio. Zweig invested in 3.99% or 260,958 shares. 9,196 are owned by Rfg Advisory Group Llc. Lpl Financial Limited Liability Company stated it has 672,896 shares. First Allied Advisory reported 90,180 shares.

Since August 14, 2017, it had 0 insider buys, and 33 insider sales for $395.73 million activity. 16,000 Facebook, Inc. (NASDAQ:FB) shares with value of $2.83 million were sold by Cox Christopher K. Stretch Colin sold $129,738 worth of stock or 750 shares. 254,525 shares were sold by Zuckerberg Mark, worth $42.50M on Friday, August 25. 38,055 shares were sold by Schroepfer Michael Todd, worth $6.57 million on Tuesday, September 12. $2.59M worth of stock was sold by Wehner David M. on Monday, August 21. $109.70M worth of stock was sold by Koum Jan on Wednesday, August 30.

Among 54 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 236 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, July 21, the company rating was maintained by Goldman Sachs. The firm has “Buy” rating by Canaccord Genuity given on Thursday, November 2. The rating was maintained by Jefferies with “Buy” on Thursday, July 27. The stock has “Buy” rating by Bank of America on Thursday, November 5. Needham maintained the stock with “Buy” rating in Wednesday, July 19 report. Credit Suisse maintained the shares of FB in report on Monday, January 8 with “Buy” rating. The rating was maintained by Cantor Fitzgerald on Friday, May 26 with “Buy”. FBN Securities maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, July 27. FBN Securities has “Buy” rating and $21000 target. The rating was maintained by SunTrust with “Buy” on Thursday, April 28. On Thursday, November 5 the stock rating was maintained by Oppenheimer with “Outperform”.

Shellback Capital Lp, which manages about $423.03M and $1.11B US Long portfolio, decreased its stake in Penn Natl Gaming Inc (NASDAQ:PENN) by 209,354 shares to 413,646 shares, valued at $9.68M in 2017Q3, according to the filing. It also reduced its holding in Acushnet Holdings Corp by 23,500 shares in the quarter, leaving it with 102,500 shares, and cut its stake in Jd Com Inc (NASDAQ:JD).

Among 6 analysts covering Gray Television (NYSE:GTN), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Gray Television had 12 analyst reports since November 18, 2015 according to SRatingsIntel. The stock of Gray Television, Inc. (NYSE:GTN) earned “Buy” rating by RBC Capital Markets on Wednesday, June 14. The company was maintained on Tuesday, August 8 by RBC Capital Markets. Guggenheim maintained the shares of GTN in report on Monday, January 22 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $1600 target in Tuesday, July 18 report. The rating was maintained by RBC Capital Markets on Tuesday, September 26 with “Buy”. The firm has “Overweight” rating given on Wednesday, November 18 by Stephens. The firm has “Buy” rating by Benchmark given on Thursday, December 15. Singular Research initiated Gray Television, Inc. (NYSE:GTN) on Monday, December 7 with “Buy” rating. As per Tuesday, November 7, the company rating was maintained by RBC Capital Markets.

Investors sentiment increased to 1.53 in 2017 Q3. Its up 0.47, from 1.06 in 2017Q2. It is positive, as 22 investors sold GTN shares while 33 reduced holdings. 38 funds opened positions while 46 raised stakes. 56.82 million shares or 0.43% more from 56.57 million shares in 2017Q2 were reported. Assetmark Inc has invested 0% in Gray Television, Inc. (NYSE:GTN). Emerald Mutual Fund Advisers Trust holds 0.01% or 11,127 shares in its portfolio. Ingalls And Snyder owns 85,181 shares. Citigroup has 0% invested in Gray Television, Inc. (NYSE:GTN). James Invest Incorporated reported 58,790 shares. Metropolitan Life Company New York invested 0% of its portfolio in Gray Television, Inc. (NYSE:GTN). Raymond James Advsrs owns 29,000 shares or 0% of their US portfolio. Sterling Capital Mgmt Limited Com owns 58,513 shares or 0.01% of their US portfolio. Invesco holds 0% or 263,174 shares. Serv Automobile Association accumulated 0% or 75,580 shares. Hbk Invests Lp owns 11,382 shares for 0% of their portfolio. Deutsche Commercial Bank Ag reported 0% stake. State Board Of Administration Of Florida Retirement has invested 0% in Gray Television, Inc. (NYSE:GTN). The Kansas-based Whetstone Cap Advsrs Ltd Limited Liability Company has invested 4.88% in Gray Television, Inc. (NYSE:GTN). Ameritas Invest Partners accumulated 0% or 5,620 shares.

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