Lakewood Capital Management LP Has Increased Its Comcast New (CMCSA) Holding by $99.51 Million as Shares Rose; Yost Capital Management Cut Blackhawk Network Hldgs (HAWK) Position by $8.52 Million

January 23, 2018 - By Peter Erickson

Yost Capital Management Llc decreased its stake in Blackhawk Network Hldgs Inc (HAWK) by 32.29% based on its latest 2017Q3 regulatory filing with the SEC. Yost Capital Management Llc sold 198,200 shares as the company’s stock rose 16.53% with the market. The institutional investor held 415,690 shares of the finance company at the end of 2017Q3, valued at $18.21M, down from 613,890 at the end of the previous reported quarter. Yost Capital Management Llc who had been investing in Blackhawk Network Hldgs Inc for a number of months, seems to be less bullish one the $2.64B market cap company. The stock increased 2.77% or $1.25 during the last trading session, reaching $46.45. About 5.43 million shares traded or 217.59% up from the average. Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) has risen 34.41% since January 23, 2017 and is uptrending. It has outperformed by 17.71% the S&P500.

Anthony Bozza increased its stake in Comcast Corp New (CMCSA) by 229.72% based on its latest 2017Q3 regulatory filing with the SEC. Lakewood Capital Management Lp bought 2.62M shares as the company’s stock rose 3.16% with the market. The hedge fund run by Anthony Bozza held 3.76M shares of the television services company at the end of 2017Q3, valued at $144.64M, up from 1.14 million at the end of the previous reported quarter. Lakewood Capital Management Lp who had been investing in Comcast Corp New for a number of months, seems to be bullish on the $197.12B market cap company. The stock decreased 1.67% or $0.715 during the last trading session, reaching $42.175. About 9.56 million shares traded. Comcast Corporation (NASDAQ:CMCSA) has risen 28.96% since January 23, 2017 and is uptrending. It has outperformed by 12.26% the S&P500.

Yost Capital Management Llc, which manages about $239.39M and $145.65 million US Long portfolio, upped its stake in Nexstar Media Group Inc (NASDAQ:NXST) by 19,290 shares to 382,033 shares, valued at $23.80 million in 2017Q3, according to the filing.

Analysts await Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) to report earnings on February, 21. They expect $0.87 EPS, down 3.33% or $0.03 from last year’s $0.9 per share. HAWK’s profit will be $49.43M for 13.35 P/E if the $0.87 EPS becomes a reality. After $-0.14 actual EPS reported by Blackhawk Network Holdings, Inc. for the previous quarter, Wall Street now forecasts -721.43% EPS growth.

Among 14 analysts covering Blackhawk Network Holdings (NASDAQ:HAWK), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Blackhawk Network Holdings had 35 analyst reports since July 24, 2015 according to SRatingsIntel. First Analysis initiated Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) on Tuesday, December 1 with “Overweight” rating. The firm has “Neutral” rating given on Wednesday, October 18 by Mizuho. As per Tuesday, October 17, the company rating was maintained by Argus Research. The firm earned “Market Perform” rating on Thursday, October 12 by Raymond James. Deutsche Bank maintained Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) rating on Thursday, February 25. Deutsche Bank has “Buy” rating and $50 target. The rating was maintained by BMO Capital Markets with “Outperform” on Tuesday, September 12. The firm earned “Buy” rating on Friday, October 6 by Mizuho. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, October 13. As per Wednesday, June 28, the company rating was upgraded by BMO Capital Markets. The stock has “Buy” rating by Deutsche Bank on Friday, December 11.

Since August 7, 2017, it had 0 insider purchases, and 5 insider sales for $23.18 million activity. Murdock Daniel C. sold $144,915 worth of stock. Shares for $22.57 million were sold by ROBERTS BRIAN L on Thursday, December 14. Another trade for 2,232 shares valued at $83,175 was made by BACON KENNETH J on Friday, September 15.

Lakewood Capital Management Lp, which manages about $2.77 billion US Long portfolio, decreased its stake in Orion Engineered Carbons S A (NYSE:OEC) by 530,384 shares to 597,896 shares, valued at $13.42 million in 2017Q3, according to the filing. It also reduced its holding in Spdr Gold Trust (GLD) by 10,900 shares in the quarter, leaving it with 32,810 shares, and cut its stake in Group 1 Automotive Inc (NYSE:GPI).

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