Qvt Financial LP Holding in Carmax (KMX) Has Decreased by $6.52 Million; Verizon Communications (VZ) Holder Altrinsic Global Advisors Has Decreased Its Stake as Valuation Declined

May 18, 2018 - By Nellie Frank

Verizon Communications Inc. (NYSE:VZ) Logo

Altrinsic Global Advisors Llc decreased its stake in Verizon Communications Inc (VZ) by 19.82% based on its latest 2017Q4 regulatory filing with the SEC. Altrinsic Global Advisors Llc sold 121,505 shares as the company’s stock declined 11.05% with the market. The institutional investor held 491,645 shares of the telecommunications equipment company at the end of 2017Q4, valued at $26.02M, down from 613,150 at the end of the previous reported quarter. Altrinsic Global Advisors Llc who had been investing in Verizon Communications Inc for a number of months, seems to be less bullish one the $197.71B market cap company. The stock decreased 0.02% or $0.01 during the last trading session, reaching $47.85. About 8.91 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since May 18, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Daniel Gold decreased its stake in Carmax Inc (KMX) by 40.25% based on its latest 2017Q4 regulatory filing with the SEC. Qvt Financial Lp sold 101,900 shares as the company’s stock declined 8.40% with the market. The hedge fund run by Daniel Gold held 151,253 shares of the automotive aftermarket company at the end of 2017Q4, valued at $9.70 million, down from 253,153 at the end of the previous reported quarter. Qvt Financial Lp who had been investing in Carmax Inc for a number of months, seems to be less bullish one the $11.88 billion market cap company. The stock increased 1.24% or $0.82 during the last trading session, reaching $66.72. About 1.25M shares traded. CarMax, Inc. (NYSE:KMX) has risen 1.49% since May 18, 2017 and is uptrending. It has underperformed by 10.06% the S&P500.

Altrinsic Global Advisors Llc, which manages about $14.11B and $2.61B US Long portfolio, upped its stake in General Electric Co (NYSE:GE) by 905,341 shares to 2.85 million shares, valued at $49.74 million in 2017Q4, according to the filing. It also increased its holding in Icici Bk Ltd (NYSE:IBN) by 2.15M shares in the quarter, for a total of 12.06M shares, and has risen its stake in Kinross Gold Corp (NYSE:KGC).

Since February 13, 2018, it had 0 insider purchases, and 2 sales for $444,552 activity.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on July, 26. They expect $1.14 EPS, up 18.75% or $0.18 from last year’s $0.96 per share. VZ’s profit will be $4.71 billion for 10.49 P/E if the $1.14 EPS becomes a reality. After $1.17 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -2.56% negative EPS growth.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Fool.com which released: “Verizon Aims to Be Much More Than a Phone Company” on May 10, 2018, also Globenewswire.com with their article: “Verizon begins 2018 with strong momentum” published on April 24, 2018, Globenewswire.com published: “Verizon collapses key network elements, improving efficiency and customer functionality” on April 30, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Benzinga.com and their article: “JPMorgan: Verizon On ‘Stable Footing’ As 5G Opportunity Crystallizes” published on May 11, 2018 as well as Globenewswire.com‘s news article titled: “Verizon to speak at JP Morgan conference May 16” with publication date: May 15, 2018.

Among 31 analysts covering Verizon Communications Inc. (NYSE:VZ), 15 have Buy rating, 0 Sell and 16 Hold. Therefore 48% are positive. Verizon Communications Inc. had 84 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Verizon Communications Inc. (NYSE:VZ) has “Perform” rating given on Wednesday, July 20 by Oppenheimer. The stock of Verizon Communications Inc. (NYSE:VZ) has “Hold” rating given on Thursday, October 19 by Cowen & Co. The company was maintained on Thursday, August 10 by Oppenheimer. The stock of Verizon Communications Inc. (NYSE:VZ) has “Hold” rating given on Sunday, September 17 by RBC Capital Markets. As per Monday, April 23, the company rating was upgraded by Barclays Capital. As per Wednesday, July 27, the company rating was downgraded by Hilliard Lyons. The stock has “Neutral” rating by Citigroup on Monday, March 14. The firm has “Hold” rating by RBC Capital Markets given on Friday, July 7. The rating was upgraded by HSBC on Wednesday, March 28 to “Buy”. The firm earned “Neutral” rating on Tuesday, January 16 by Moffett Nathanson.

Investors sentiment increased to 1.02 in Q4 2017. Its up 0.14, from 0.88 in 2017Q3. It is positive, as 57 investors sold VZ shares while 662 reduced holdings. 141 funds opened positions while 592 raised stakes. 2.54 billion shares or 0.48% more from 2.53 billion shares in 2017Q3 were reported. Nippon Life Ins has invested 1.18% in Verizon Communications Inc. (NYSE:VZ). Guardian Capital Limited Partnership reported 404,611 shares. Blb&B Advsrs Ltd Liability Corporation has invested 1.68% in Verizon Communications Inc. (NYSE:VZ). Regions Financial accumulated 2.02M shares. Retail Bank Of America De stated it has 0.56% in Verizon Communications Inc. (NYSE:VZ). 5.86 million are owned by Eaton Vance. Meiji Yasuda Asset Mgmt Company Limited has invested 1.13% in Verizon Communications Inc. (NYSE:VZ). Intersect Capital Ltd Liability Corporation has 2.42% invested in Verizon Communications Inc. (NYSE:VZ) for 84,826 shares. Cape Cod Five Cents National Bank & Trust stated it has 0.85% in Verizon Communications Inc. (NYSE:VZ). Miller Howard Invs reported 2.06 million shares or 2.37% of all its holdings. New England Private Wealth Advsrs Limited Liability accumulated 19,284 shares or 0.29% of the stock. Tennessee-based Patten Group Inc Incorporated has invested 0.32% in Verizon Communications Inc. (NYSE:VZ). Tiaa Cref Inv Ltd Llc has 0.56% invested in Verizon Communications Inc. (NYSE:VZ) for 16.13 million shares. 22,938 are held by Rosenbaum Jay D. Bangor National Bank & Trust holds 63,263 shares or 0.64% of its portfolio.

Since December 15, 2017, it had 2 buys, and 10 selling transactions for $11.48 million activity. Shares for $3.13 million were sold by Wood William C Jr. on Tuesday, April 17. GOODMAN SHIRA sold $217,767 worth of stock or 3,621 shares. Shares for $2,280 were bought by GRAFTON W ROBERT. 8,000 shares were sold by FOLLIARD THOMAS J, worth $495,396 on Thursday, February 15. Newberry Darren C also sold $478,064 worth of CarMax, Inc. (NYSE:KMX) shares. Bensen Peter J bought $310,600 worth of CarMax, Inc. (NYSE:KMX) on Friday, April 6.

Qvt Financial Lp, which manages about $8.91B and $1.77 billion US Long portfolio, upped its stake in Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 86,275 shares to 275,097 shares, valued at $10.41 million in 2017Q4, according to the filing. It also increased its holding in Nordic American Tankers Limi (NYSE:NAT) by 2.06M shares in the quarter, for a total of 3.70M shares, and has risen its stake in Time Warner Inc (NYSE:TWX).

Investors sentiment increased to 1.04 in 2017 Q4. Its up 0.14, from 0.9 in 2017Q3. It improved, as 39 investors sold KMX shares while 152 reduced holdings. 64 funds opened positions while 134 raised stakes. 174.62 million shares or 7.20% less from 188.17 million shares in 2017Q3 were reported. Jump Trading Limited Company reported 0.04% stake. Neuberger Berman Group holds 304,788 shares or 0.02% of its portfolio. Amalgamated Bank & Trust reported 24,118 shares. Swiss Bancorporation has invested 0.05% in CarMax, Inc. (NYSE:KMX). Beacon Fincl Grp owns 5,323 shares or 0.06% of their US portfolio. Group Inc Inc One Trading Lp has 12,890 shares. Budros Ruhlin And Roe holds 0.22% or 12,726 shares. Comerica Commercial Bank reported 45,944 shares. Prelude Cap Limited Liability stated it has 37,250 shares or 0.19% of all its holdings. The Pennsylvania-based Janney Montgomery Scott Lc has invested 0% in CarMax, Inc. (NYSE:KMX). Strs Ohio stated it has 9,237 shares. Captrust Fin Advisors invested in 2,089 shares or 0.01% of the stock. Engineers Gate Manager Limited Partnership holds 0.07% or 15,787 shares. Wms Lc reported 3,125 shares. Renaissance Tech Limited Company accumulated 1.35M shares or 0.1% of the stock.

Analysts await CarMax, Inc. (NYSE:KMX) to report earnings on June, 20. They expect $1.22 EPS, up 7.96% or $0.09 from last year’s $1.13 per share. KMX’s profit will be $217.25 million for 13.67 P/E if the $1.22 EPS becomes a reality. After $0.77 actual EPS reported by CarMax, Inc. for the previous quarter, Wall Street now forecasts 58.44% EPS growth.

CarMax, Inc. (NYSE:KMX) Institutional Positions Chart

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