Ken Griffin increased its stake in Comcast Corp (CMCSA) by 13.35% based on its latest 2016Q3 regulatory filing with the SEC. Citadel Advisors Llc bought 864,491 shares as the company’s stock rose 1.62% with the market. The hedge fund run by Ken Griffin held 7.34 million shares of the television services company at the end of 2016Q3, valued at $486.80M, up from 6.47M at the end of the previous reported quarter. Citadel Advisors Llc who had been investing in Comcast Corp for a number of months, seems to be bullish on the $170.44 billion market cap company. The stock is up 0.31% or $0.22 after the positive news, hitting $71.14 per share. About 2.72M shares traded hands. Comcast Corporation (NASDAQ:CMCSA) has risen 12.13% since June 7, 2016 and is uptrending. It has outperformed by 4.70% the S&P500.
Citadel Advisors Llc, which manages about $99.54 billion US Long portfolio, decreased its stake in Fidelity National Information Cmn Stk (NYSE:FIS) by 5.00M shares to 245,465 shares, valued at $18.91M in 2016Q3, according to the filing. It also reduced its holding in Amern Axle & Mfg Hldgs Inc Cmn Stock (NYSE:AXL) by 2.14M shares in the quarter, leaving it with 541,071 shares, and cut its stake in Cit Group Inc (Put) (NYSE:CIT).
Ken Griffin career started in 1986 as a stocks and options trader. Soon he started a convertible bond arbitrage fund. When the market crashed in 1987, he was already rich. Today he is a billionire and manages and Citadel Investment Group is among the world’s largest hedge funds. In 2011 when many hedge funds and CTAs had poor returns, Citadel had returned over 20%, it also returned nearly 25% in 2012 and then 20+% in 2013. Citadel Advisors Llc is a Illinois-based hedge fund that was founded by Ken Griffin. It had more than $142.00 billion assets under management in December, 2014. Citadel Advisors Llc is the 30th largest hedge fund in our database. Taken from Citadel Advisors latest Adv, the fund reported to have 985 full and part-time employees. Among which 872 performing investment advisory and research functions. The hedge fund had between 11-25 clients.
Insitutional Activity: The institutional sentiment decreased to 0.88 in Q3 2016. Its down 0.06, from 0.94 in 2016Q2. The ratio fall, as 58 funds sold all CMCSA shares owned while 514 reduced positions. 95 funds bought stakes while 408 increased positions. They now own 1.88 billion shares or 1.31% less from 1.91 billion shares in 2016Q2. Jaffetilchin Invest Prtnrs Ltd Liability Corp accumulated 3,486 shares or 0.07% of the stock. Appleton Partners Ma holds 13,618 shares or 0.17% of its portfolio. Westpac Banking has 1.29 million shares for 0% of their US portfolio. Egerton Capital (Uk) Llp has invested 8.78% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Smith Chas P And Associates Pa Cpas last reported 0.04% of its portfolio in the stock. Us National Bank De holds 0.17% or 695,162 shares in its portfolio. Markston Limited Com accumulated 1.25% or 200,563 shares. Bessemer holds 1.42% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 4.27 million shares. Addenda Cap has 0.13% invested in the company for 24,736 shares. Foxhaven Asset Limited Partnership holds 876,913 shares or 5.55% of its portfolio. Thrivent Fincl For Lutherans holds 1.29% or 4.27 million shares in its portfolio. Waverton Inv Management Limited owns 111,088 shares or 0.5% of their US portfolio. Bremer Association last reported 0.66% of its portfolio in the stock. Argent has invested 0.64% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Ct Mason has 1.61% invested in the company for 55,393 shares.
Insider Transactions: Since July 29, 2016, the stock had 0 insider purchases, and 11 selling transactions for $28.08 million net activity. 2,500 Comcast Corporation (NASDAQ:CMCSA) shares with value of $175,118 were sold by BACON KENNETH J. 304,109 shares with value of $20.45M were sold by ROBERTS BRIAN L on Friday, July 29. On Friday, December 23 the insider BLOCK ARTHUR R sold $118,944. Smit Neil sold $2.00M worth of Comcast Corporation (NASDAQ:CMCSA) on Friday, July 29. Shares for $1.31M were sold by COHEN DAVID L.
More important recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Finance.Yahoo.com which released: “Comcast Promotes Lisa Bonnell to Senior Vice President and General Auditor” on January 10, 2017, also Nasdaq.com published article titled: “Comcast Corporation (CMCSA) Ex-Dividend Date Scheduled for December 30, 2016”, Seekingalpha.com published: “Comcast threatens to sue Philly over salary-history bill” on January 10, 2017. More interesting news about Comcast Corporation (NASDAQ:CMCSA) was released by: Seekingalpha.com and their article: “How Comcast Still Offers Strong Total Returns (Despite Cable Cutting)” with publication date: December 23, 2016.
According to Zacks Investment Research, “Comcast Corp., among the world’s leading communication companies, provides basic cable, digital cable and high speed internet services that connect people to what’s important in their lives. They are in the process of deploying digital video applications and high-speed Internet access service to expand the products available on their cable communications networks.”
Comcast Corporation (NASDAQ:CMCSA) Ratings Coverage
Out of 16 analysts covering Comcast Corporation (NASDAQ:CMCSA), 13 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 81% are positive. Comcast Corporation has been the topic of 33 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Neutral” rating by MoffettNathanson on Wednesday, August 19. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Neutral” rating by Macquarie Research on Tuesday, September 29. Moffett Nathanson upgraded the stock to “Buy” rating in Wednesday, August 19 report. Jefferies maintained the shares of CMCSA in a report on Monday, December 19 with “Buy” rating. The company was maintained on Friday, July 24 by UBS. The stock has “Buy” rating given by Pivotal Research on Tuesday, September 27. The firm earned “Outperform” rating on Thursday, April 28 by RBC Capital Markets. The stock has “Neutral” rating given by SunTrust on Wednesday, November 11. Pivotal Research maintained Comcast Corporation (NASDAQ:CMCSA) rating on Thursday, December 17. Pivotal Research has “Buy” rating and $74 price target. The rating was maintained by Macquarie Research on Monday, January 4 with “Neutral”.
CMCSA Company Profile
Comcast Corporation, incorporated on December 7, 2001, is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. The Company’s Comcast Cable business operates through Cable Communications segment. The Company’s NBCUniversal business consists of four divisions, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks. The Company’s other business interests consists of Comcast Spectacor, which owns the Philadelphia Flyers, and the Wells Fargo Center arena in Philadelphia, Pennsylvania, and operates from arena management-related businesses.
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