Waverton Investment Management LTD Decreased Verizon Communications Com Us$0.10 (VZ) Holding; Chinacache International Holding (CCIH) Shorts Increased By 36.62%

December 7, 2017 - By Ellis Scott

Waverton Investment Management Ltd decreased Verizon Communications Com Us$0.10 (VZ) stake by 16.3% reported in 2017Q2 SEC filing. Waverton Investment Management Ltd sold 58,850 shares as Verizon Communications

Com Us$0.10 (VZ)’s stock declined 7.66%. The Waverton Investment Management Ltd holds 302,123 shares with $13.49 million value, down from 360,973 last quarter. Verizon Communications Com Us$0.10 now has $206.75B valuation. The stock decreased 0.47% or $0.24 during the last trading session, reaching $50.68. About 17.30M shares traded or 3.93% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since December 7, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Chinacache International Holding (NASDAQ:CCIH) had an increase of 36.62% in short interest. CCIH’s SI was 766,600 shares in December as released by FINRA. Its up 36.62% from 561,100 shares previously. With 285,600 avg volume, 3 days are for Chinacache International Holding (NASDAQ:CCIH)’s short sellers to cover CCIH’s short positions. The SI to Chinacache International Holding’s float is 3.91%. It closed at $0.95 lastly. It is up 87.12% since December 7, 2016 and is downtrending. It has underperformed by 103.82% the S&P500.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on January, 23. They expect $0.88 EPS, up 2.33% or $0.02 from last year’s $0.86 per share. VZ’s profit will be $3.59 billion for 14.40 P/E if the $0.88 EPS becomes a reality. After $0.98 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 19 Hold. Therefore 27% are positive. Verizon Communications Inc. had 59 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Drexel Hamilton on Monday, October 24. The stock of Verizon Communications Inc. (NYSE:VZ) has “Buy” rating given on Tuesday, January 3 by Citigroup. The rating was maintained by Cowen & Co with “Hold” on Monday, September 18. The firm has “Hold” rating by Oppenheimer given on Thursday, July 27. The company was maintained on Monday, April 24 by RBC Capital Markets. The firm earned “Buy” rating on Tuesday, August 11 by Vetr. Barclays Capital maintained Verizon Communications Inc. (NYSE:VZ) rating on Friday, July 14. Barclays Capital has “Hold” rating and $4700 target. SunTrust maintained Verizon Communications Inc. (NYSE:VZ) on Friday, October 20 with “Hold” rating. On Thursday, April 13 the stock rating was maintained by Barclays Capital with “Equal Weight”. The company was maintained on Friday, October 20 by Bank of America.

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.12, from 1 in 2017Q1. It dived, as 90 investors sold VZ shares while 700 reduced holdings. 112 funds opened positions while 587 raised stakes. 2.49 billion shares or 0.28% less from 2.50 billion shares in 2017Q1 were reported. Lazard Asset Management Ltd Com holds 0.08% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 901,750 shares. Buffington Mohr Mcneal accumulated 46,117 shares or 0.81% of the stock. Cap Intll Sarl invested 0.27% of its portfolio in Verizon Communications Inc. (NYSE:VZ). 32,520 were reported by Boltwood Cap Management. Roundview Capital Lc, a New Jersey-based fund reported 39,388 shares. Fire Grp Inc accumulated 55,997 shares. Palo Capital invested 2.56% in Verizon Communications Inc. (NYSE:VZ). Obermeyer Wood Invest Counsel Lllp invested in 5,278 shares. Pnc Fincl Gru holds 0.46% or 9.61 million shares in its portfolio. Ivory Mgmt Ltd Liability Corporation owns 352,336 shares or 0.59% of their US portfolio. Security Financial Bank Of So Dak accumulated 1.48% or 28,260 shares. Rothschild Asset Mgmt Incorporated invested 0.14% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Moreover, Adirondack Trust has 1.39% invested in Verizon Communications Inc. (NYSE:VZ). Balasa Dinverno And Foltz Lc stated it has 15,145 shares or 0.11% of all its holdings. Swedbank stated it has 2.93M shares or 0.88% of all its holdings.

ChinaCache International Holdings Ltd., an investment holding company, provides content and application delivery services in the PeopleÂ’s Republic of China. The company has market cap of $24.31 million. The firm offers a portfolio of services and solutions to businesses, government agencies, and other enterprises to enhance the reliability and scalability of their online services and applications. It currently has negative earnings. The Company’s services include Web page content services; file transfer services; rich media streaming services; and guaranteed application services for Websites that have various features, such as on-line booking and ordering, real-time stock quotes, and on-line surveys.


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