Tt International Lifted Alibaba Group Hldg LTD (BABA) Position; River Road Asset Management Has Decreased Its Thomson Reuters (TRI) Position

January 23, 2018 - By Dolores Ford

Tt International increased Alibaba Group Hldg Ltd (BABA) stake by 21.84% reported in 2017Q3 SEC filing. Tt International acquired 127,277 shares as Alibaba Group Hldg Ltd (BABA)’s stock rose 22.58%. The Tt International holds 710,172 shares with $128.79 million value, up from 582,895 last quarter. Alibaba Group Hldg Ltd now has $490.54B valuation. The stock increased 3.89% or $7.16 during the last trading session, reaching $191.18. About 24.11 million shares traded or 22.69% up from the average. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since January 23, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

River Road Asset Management Llc decreased Thomson Reuters Corporation (TRI) stake by 2.13% reported in 2017Q3 SEC filing. River Road Asset Management Llc sold 26,548 shares as Thomson Reuters Corporation (TRI)’s stock declined 3.74%. The River Road Asset Management Llc holds 1.22M shares with $56.01M value, down from 1.25M last quarter. Thomson Reuters Corporation now has $30.10B valuation. The stock decreased 0.78% or $0.34 during the last trading session, reaching $43.16. About 714,956 shares traded or 1.54% up from the average. Thomson Reuters Corporation (NYSE:TRI) has risen 6.95% since January 23, 2017 and is uptrending. It has underperformed by 9.75% the S&P500.

River Road Asset Management Llc increased Cinemark Holdings Inc. (NYSE:CNK) stake by 317,029 shares to 2.27M valued at $82.19 million in 2017Q3. It also upped Johnson Controls International stake by 261,468 shares and now owns 1.66 million shares. Conduent Inc. was raised too.

Analysts await Thomson Reuters Corporation (NYSE:TRI) to report earnings on February, 8. They expect $0.55 EPS, down 8.33% or $0.05 from last year’s $0.6 per share. TRI’s profit will be $383.53M for 19.62 P/E if the $0.55 EPS becomes a reality. After $0.68 actual EPS reported by Thomson Reuters Corporation for the previous quarter, Wall Street now forecasts -19.12% negative EPS growth.

Among 17 analysts covering Thomson Reuters (NYSE:TRI), 4 have Buy rating, 2 Sell and 11 Hold. Therefore 24% are positive. Thomson Reuters had 34 analyst reports since July 29, 2015 according to SRatingsIntel. On Friday, August 26 the stock rating was initiated by Macquarie Research with “Neutral”. The firm has “Buy” rating given on Wednesday, September 6 by TD Securities. The firm earned “Sector Perform” rating on Tuesday, February 9 by RBC Capital Markets. The stock has “Buy” rating by Zacks on Tuesday, August 18. The company was maintained on Wednesday, November 1 by RBC Capital Markets. The stock has “Hold” rating by RBC Capital Markets on Monday, June 19. The stock of Thomson Reuters Corporation (NYSE:TRI) earned “Neutral” rating by Bank of America on Thursday, January 7. The firm earned “Hold” rating on Monday, June 27 by TD Securities. Berenberg initiated the shares of TRI in report on Thursday, April 20 with “Sell” rating. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, August 2 report.

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