Gabalex Capital Management Cut Holding in Activision Blizzard (ATVI) as Stock Value Declined; Bank New York Mellon (BK) Position Raised by Bluemar Capital Management Llc

August 10, 2018 - By Palma Niemeyer

Activision Blizzard, Inc. (NASDAQ:ATVI) Logo

Gabalex Capital Management Llc decreased its stake in Activision Blizzard Inc (ATVI) by 27.27% based on its latest 2018Q1 regulatory filing with the SEC. Gabalex Capital Management Llc sold 75,000 shares as the company’s stock declined 2.32% with the market. The hedge fund held 200,000 shares of the technology company at the end of 2018Q1, valued at $13.49M, down from 275,000 at the end of the previous reported quarter. Gabalex Capital Management Llc who had been investing in Activision Blizzard Inc for a number of months, seems to be less bullish one the $53.75B market cap company. The stock increased 0.70% or $0.49 during the last trading session, reaching $70.5. About 6.60 million shares traded or 23.31% up from the average. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 20.67% since August 10, 2017 and is uptrending. It has outperformed by 8.10% the S&P500. Some Historical ATVI News: 22/05/2018 – Hasbro Joins Blizzard Entertainment’s Overwatch® in the Fight for the Future as Master Toy Licensee; 19/04/2018 – Activision Joins Forces with USO to Celebrate Service Members; 22/05/2018 – Hasbro Joins Blizzard Entertainment’s Overwatch® in the Fight for the Future as Master Toy Licensee; 06/05/2018 – Activision Blizzard Access Event Scheduled By Aliya Capital; 03/05/2018 – ACTIVISION BOOSTS CY 2018 REV. & EPS OUTLOOK; 03/05/2018 – Activision Blizzard Sees Yr Rev $7.36B; 30/04/2018 – Moody’s Lifts Activision Citing Benefits of Tax Overhaul — Market Talk; 20/03/2018 – S&P Raises Ratings on Activision, Including Corporate Credit Rating, to ‘BBB+’ From ‘BBB’; 02/04/2018 – Luminosity Take CWL Birmingham Open Championship; 18/04/2018 – Call of Duty® Alexa Skill Launches Today for Call of Duty: WWII

Bluemar Capital Management Llc increased its stake in Bank New York Mellon Corp (BK) by 8.33% based on its latest 2018Q1 regulatory filing with the SEC. Bluemar Capital Management Llc bought 8,001 shares as the company’s stock declined 2.03% with the market. The hedge fund held 104,030 shares of the major banks company at the end of 2018Q1, valued at $5.36M, up from 96,029 at the end of the previous reported quarter. Bluemar Capital Management Llc who had been investing in Bank New York Mellon Corp for a number of months, seems to be bullish on the $52.29B market cap company. The stock decreased 1.60% or $0.85 during the last trading session, reaching $52.29. About 4.80M shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 20.30% since August 10, 2017 and is uptrending. It has outperformed by 7.73% the S&P500. Some Historical BK News: 14/03/2018 – 45XX: Bank of New York Mellon: FRN Variable Rate Fix; 08/05/2018 – 0QYU: Bank of New York Mellon: FRN Variable Rate Fix; 16/04/2018 – 88ST: Bank of New York Mellon: FRN Variable Rate Fix; 21/05/2018 – 79WM: Bank of New York Mellon: FRN Variable Rate Fix; 27/03/2018 – FRIENDS FIDUCIARY SEEKS SHAREHOLDER SUPPORT FOR BNY MELLON’S 2018 PROXY BALLOT FOR REQUEST THAT BOARD ISSUE REPORT ON PROXY VOTING, CLIMATE CHANGE TO SHAREHOLDERS; 15/03/2018 – 84XE: Bank of New York Mellon: FRN Variable Rate Fix; 16/03/2018 – 11GJ: Bank of New York Mellon: FRN Variable Rate Fix; 11/05/2018 – 78ZD: Bank of New York Mellon: FRN Variable Rate Fix; 12/03/2018 – 71TB: Bank of New York Mellon: FRN Variable Rate Fix; 11/04/2018 – Bank of New York Mellon: Steven D. Black Elected to Board

Bluemar Capital Management Llc, which manages about $314.00M and $231.31M US Long portfolio, decreased its stake in Loma Negra Corp by 25,512 shares to 100,000 shares, valued at $2.13M in 2018Q1, according to the filing. It also reduced its holding in Sendgrid Inc by 51,999 shares in the quarter, leaving it with 36,417 shares, and cut its stake in Newmark Group Inc.

Another recent and important The Bank of New York Mellon Corporation (NYSE:BK) news was published by Benzinga.com which published an article titled: “A Look Ahead At Bank Of New York Mellon’s Earnings” on July 18, 2018.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.12, from 0.99 in 2017Q4. It dived, as 53 investors sold BK shares while 340 reduced holdings. 81 funds opened positions while 260 raised stakes. 812.17 million shares or 1.50% less from 824.52 million shares in 2017Q4 were reported. Susquehanna Gp Llp stated it has 14,670 shares or 0% of all its holdings. Colorado-based Advisors Asset Mgmt Inc has invested 0.02% in The Bank of New York Mellon Corporation (NYSE:BK). Alpine Woods Cap Invsts Ltd Llc holds 26,466 shares. Vanguard Group Inc accumulated 66.95 million shares. Moreover, National Pension Ser has 0.23% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 900,398 shares. Mirae Asset Invs Limited accumulated 4,866 shares or 0% of the stock. Millennium Mngmt Lc holds 0.13% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 1.95 million shares. Loeb Ptnrs Corporation holds 3.79% or 169,425 shares in its portfolio. Schaller Investment Gru Incorporated owns 7,546 shares or 0.22% of their US portfolio. 88,710 were reported by Lpl Financial Ltd Limited Liability Company. Marble Harbor Counsel Ltd invested in 7,924 shares. Barnett & has invested 0.09% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Douglass Winthrop Advisors Limited Liability Corp owns 21,583 shares. Wright Investors Serv holds 31,654 shares. South State Corporation invested 0.03% in The Bank of New York Mellon Corporation (NYSE:BK).

Among 25 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 11 have Buy rating, 3 Sell and 11 Hold. Therefore 44% are positive. The Bank Of New York Mellon Corporation had 86 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Underperform” rating by Bank of America given on Friday, May 26. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Buy” rating given on Friday, April 6 by Vining Sparks. The rating was maintained by RBC Capital Markets on Wednesday, August 30 with “Hold”. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Equal-Weight” rating by Morgan Stanley on Friday, October 21. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Hold” rating given on Tuesday, January 9 by Jefferies. The rating was maintained by Sandler O’Neill with “Hold” on Thursday, April 19. Bank of America upgraded the shares of BK in report on Thursday, September 17 to “Buy” rating. Keefe Bruyette & Woods maintained it with “Hold” rating and $5300 target in Thursday, July 20 report. The firm has “Neutral” rating given on Monday, April 24 by Credit Suisse. The rating was maintained by Standpoint Research with “Hold” on Sunday, August 9.

Analysts await Activision Blizzard, Inc. (NASDAQ:ATVI) to report earnings on November, 1. They expect $0.62 EPS, up 44.19% or $0.19 from last year’s $0.43 per share. ATVI’s profit will be $472.70 million for 28.43 P/E if the $0.62 EPS becomes a reality. After $0.56 actual EPS reported by Activision Blizzard, Inc. for the previous quarter, Wall Street now forecasts 10.71% EPS growth.

Since February 16, 2018, it had 0 insider purchases, and 9 insider sales for $160.61 million activity. Morhaime Michael sold $14.62M worth of stock or 205,875 shares. 1.70 million shares were sold by KELLY BRIAN G, worth $120.10M on Wednesday, February 21. Shares for $1.42 million were sold by MORGADO ROBERT J on Friday, February 23. 71,488 shares valued at $5.41 million were sold by Durkin Dennis M on Monday, March 12. $8.72 million worth of stock was sold by Wereb Stephen G on Thursday, March 1. $6.15M worth of stock was sold by CORTI ROBERT J on Friday, February 16.

More notable recent Activision Blizzard, Inc. (NASDAQ:ATVI) news were published by: Seekingalpha.com which released: “Videogame sales up for third straight month” on August 01, 2018, also Fool.com with their article: “What to Watch When the Big Video Game Companies Report Earnings” published on July 24, 2018, Seekingalpha.com published: “Stocks To Watch: Apple, Harley And Tesla On The Marquee” on July 28, 2018. More interesting news about Activision Blizzard, Inc. (NASDAQ:ATVI) were released by: Seekingalpha.com and their article: “From Burbank To Barclays: Overwatch’s Expansion And Growth” published on July 31, 2018 as well as Seekingalpha.com‘s news article titled: “Activision Blizzard: Buy Gaming Stock Giant On Q2 Pullback” with publication date: August 08, 2018.

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.28, from 1.18 in 2017Q4. It turned negative, as 61 investors sold ATVI shares while 260 reduced holdings. 86 funds opened positions while 202 raised stakes. 638.65 million shares or 1.09% more from 631.75 million shares in 2017Q4 were reported. Covington Cap Mngmt owns 0.01% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 2,159 shares. Ledyard Bank & Trust stated it has 492 shares. Prudential invested in 0.28% or 2.76 million shares. Primecap Mngmt Ca holds 8.63 million shares or 0.44% of its portfolio. Advisors Asset Incorporated reported 0.01% in Activision Blizzard, Inc. (NASDAQ:ATVI). Wright Investors Serv Incorporated owns 1.39% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 59,836 shares. Old Mutual Customised Solutions (Proprietary) Limited has invested 0.08% in Activision Blizzard, Inc. (NASDAQ:ATVI). San Francisco Sentry Investment Gru (Ca) reported 0.28% in Activision Blizzard, Inc. (NASDAQ:ATVI). Tarbox Family Office Inc owns 288 shares for 0.01% of their portfolio. The New York-based Guardian Life Co Of America has invested 0.02% in Activision Blizzard, Inc. (NASDAQ:ATVI). Wells Fargo Com Mn invested in 0.08% or 3.89 million shares. Boothbay Fund Mngmt Limited Liability holds 0.11% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI) for 13,756 shares. Optimum Invest Advisors holds 600 shares or 0.01% of its portfolio. 523 are held by Assetmark. Parkside Bank Tru owns 0.01% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 497 shares.

The Bank of New York Mellon Corporation (NYSE:BK) Institutional Positions Chart

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