SRN Advisors LLC Decreases Stake in Comcast Co. (NASDAQ:CMCSA)

SRN Advisors LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,000 shares of the cable giant’s stock after selling 766 shares during the quarter. SRN Advisors LLC’s holdings in Comcast were worth $794,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Capital Investment Advisors LLC grew its holdings in Comcast by 4.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after buying an additional 1,550 shares in the last quarter. First Hawaiian Bank grew its holdings in shares of Comcast by 8.9% in the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after purchasing an additional 15,664 shares during the period. BNP Paribas acquired a new stake in Comcast during the first quarter worth about $4,117,000. Douglas Lane & Associates LLC raised its stake in Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after purchasing an additional 15,807 shares during the period. Finally, American National Bank & Trust Co. VA acquired a new position in Comcast in the 1st quarter valued at about $426,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMCSA has been the subject of a number of recent analyst reports. Barclays cut their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Pivotal Research lowered their price target on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Macquarie reissued a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Finally, Scotiabank upped their target price on shares of Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus price target of $45.58.

Comcast Trading Up 0.0 %

Shares of CMCSA stock opened at $41.66 on Friday. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a 50 day moving average price of $40.52 and a 200 day moving average price of $39.47. The stock has a market capitalization of $163.46 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.