Viacom New (VIAB) Shareholder Permit Capital Has Decreased Its Stake by $2.02 Million as Stock Declined; Eulav Asset Management Has Lowered Asbury Automotive Group (ABG) Position by $730,300; Stock Value Rose

August 10, 2018 - By Jack Shaw

Viacom, Inc. (NASDAQ:VIAB) Logo

Permit Capital Llc decreased its stake in Viacom Inc New (VIAB) by 19.12% based on its latest 2018Q1 regulatory filing with the SEC. Permit Capital Llc sold 65,000 shares as the company’s stock declined 18.83% with the market. The hedge fund held 275,000 shares of the television services company at the end of 2018Q1, valued at $8.54 million, down from 340,000 at the end of the previous reported quarter. Permit Capital Llc who had been investing in Viacom Inc New for a number of months, seems to be less bullish one the $12.47 billion market cap company. The stock increased 6.01% or $1.72 during the last trading session, reaching $30.34. About 7.98 million shares traded or 155.38% up from the average. Viacom, Inc. (NASDAQ:VIAB) has declined 21.25% since August 10, 2017 and is downtrending. It has underperformed by 33.82% the S&P500. Some Historical VIAB News: 04/05/2018 – CNBC Wires: EXCLUSIVE-Redstone makes concessions on Viacom CEO to clinch CBS merger; 14/05/2018 – BREAKING: CBS files suit against Natl. Amusements, the controlling shareholder of CBS and Viacom, alleging breach of “fiduciary duty”; 10/05/2018 – Viacom CEO Bob Bakish to Participate in the 5th Annual MoffettNathanson Media & Communications Summit; 11/04/2018 – The possible CBS-Viacom deal takes dramatic turn with Redstone threatening to replace Moonves if he doesn’t play along; 18/05/2018 – Dealpolitik: CBS Directors Play a Subtle Game in Viacom Battle; 18/05/2018 – ♫ Reuters Insider – CBS, Redstone brawl escalates into corporate warfare; 14/05/2018 – CBS sues controlling Redstone family, in bid for independence; 26/03/2018 – VIACOM INC – VIACOM TO MAKE INVESTMENT IN DAY ZERO; 09/04/2018 – Sooner or later, Stephen Colbert will get into SpongeBob’s SquarePants; 09/04/2018 – Viacom asks for .68 ratio in counter to CBS bid

Eulav Asset Management decreased its stake in Asbury Automotive Group Inc (ABG) by 51.42% based on its latest 2018Q1 regulatory filing with the SEC. Eulav Asset Management sold 10,900 shares as the company’s stock rose 0.94% while stock markets declined. The institutional investor held 10,300 shares of the automotive aftermarket company at the end of 2018Q1, valued at $695,000, down from 21,200 at the end of the previous reported quarter. Eulav Asset Management who had been investing in Asbury Automotive Group Inc for a number of months, seems to be less bullish one the $1.54 billion market cap company. The stock decreased 0.07% or $0.05 during the last trading session, reaching $75.4. About 192,211 shares traded. Asbury Automotive Group, Inc. (NYSE:ABG) has risen 25.36% since August 10, 2017 and is uptrending. It has outperformed by 12.79% the S&P500. Some Historical ABG News: 15/05/2018 – Asbury Auto May Benefit, Industry Sales Post 14th Straight Gain; 15/03/2018 – ASBURY AUTOMOTIVE HLDR ABRAMS SEES ENGAGING IN TALKS IN FUTURE; 06/03/2018 New Jersey Drug Treatment Centers Directory Expansion Continues With Asbury Park; 25/04/2018 – Sen. Inhofe: Inhofe Meets with CACI CEO Ken Asbury; 24/04/2018 – ASBURY AUTOMOTIVE GROUP INC QTRLY TOTAL REVENUE $1,609.2 MLN VS $1,551.7 MLN; 16/04/2018 – Asbury Auto May Benefit, Industry Sales Post 13th Straight Gain; 15/03/2018 – ABG HOLDER ABRAMS SEES TALKS ON SUCCESSION, EXPLORING OPTIONS; 24/04/2018 – ASBURY AUTO 1Q ADJ EPS CONT OPS $1.93, EST. $1.80; 19/03/2018 – Fitch Affirms Asbury Communities’ (MD) Revs at ‘BBB’; Outlook Stable; 03/05/2018 – Asbury Automotive Bd Adopts Corporate Governance Guideline Imposing Maximum 5-Year Term for Chairman

Since March 2, 2018, it had 0 buys, and 6 insider sales for $2.57 million activity. REDDIN THOMAS sold 1,500 shares worth $103,500. Shares for $219,051 were sold by Karolis George. 1,000 shares were sold by JAMES JUANITA T, worth $66,180. Stax William Frederick also sold $108,304 worth of Asbury Automotive Group, Inc. (NYSE:ABG) shares. Shares for $973,239 were sold by Villasana George A.

Eulav Asset Management, which manages about $2.35B and $2.09B US Long portfolio, upped its stake in Fair Isaac Corp (NYSE:FICO) by 2,100 shares to 44,900 shares, valued at $7.61 million in 2018Q1, according to the filing. It also increased its holding in Exact Sciences Corp (NASDAQ:EXAS) by 31,000 shares in the quarter, for a total of 206,000 shares, and has risen its stake in Delta Air Lines Inc Del (NYSE:DAL).

Among 8 analysts covering Asbury Automotive (NYSE:ABG), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Asbury Automotive had 26 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was downgraded by Craig Hallum on Tuesday, January 12 to “Hold”. The company was upgraded on Tuesday, September 8 by Craig Hallum. Jefferies maintained it with “Hold” rating and $74.0 target in Tuesday, February 6 report. The stock of Asbury Automotive Group, Inc. (NYSE:ABG) earned “Buy” rating by KeyBanc Capital Markets on Friday, August 28. KeyBanc Capital Markets maintained the shares of ABG in report on Tuesday, October 3 with “Hold” rating. The stock of Asbury Automotive Group, Inc. (NYSE:ABG) has “Hold” rating given on Friday, September 8 by Jefferies. The rating was maintained by Craig Hallum on Wednesday, February 7 with “Hold”. As per Thursday, October 22, the company rating was upgraded by Bank of America. As per Wednesday, September 30, the company rating was upgraded by Bank of America. The firm has “Buy” rating given on Tuesday, February 6 by Stephens.

More recent Asbury Automotive Group, Inc. (NYSE:ABG) news were published by: Seekingalpha.com which released: “Notable earnings before Tuesday’s open” on July 23, 2018. Also Benzinga.com published the news titled: “Earnings Scheduled For July 24, 2018” on July 24, 2018. Seekingalpha.com‘s news article titled: “Auto retailers spin out after Sonic warning” with publication date: July 18, 2018 was also an interesting one.

Analysts await Asbury Automotive Group, Inc. (NYSE:ABG) to report earnings on October, 23. They expect $1.83 EPS, up 23.65% or $0.35 from last year’s $1.48 per share. ABG’s profit will be $37.26 million for 10.30 P/E if the $1.83 EPS becomes a reality. After $2.08 actual EPS reported by Asbury Automotive Group, Inc. for the previous quarter, Wall Street now forecasts -12.02% negative EPS growth.

Investors sentiment decreased to 1.14 in 2018 Q1. Its down 0.21, from 1.35 in 2017Q4. It turned negative, as 16 investors sold ABG shares while 53 reduced holdings. 27 funds opened positions while 52 raised stakes. 20.46 million shares or 4.99% less from 21.54 million shares in 2017Q4 were reported. Shell Asset Mngmt Communications holds 0.03% or 20,123 shares in its portfolio. Louisiana State Employees Retirement Sys stated it has 0.03% in Asbury Automotive Group, Inc. (NYSE:ABG). Teachers Retirement Systems Of The State Of Kentucky has 7,695 shares for 0.01% of their portfolio. Parallax Volatility Advisers L P, a California-based fund reported 773 shares. Strs Ohio reported 6,600 shares or 0% of all its holdings. Ny State Teachers Retirement Systems owns 15,500 shares. Advisory Services Network Limited reported 84 shares. Moreover, Jacobs Levy Equity Mgmt has 0% invested in Asbury Automotive Group, Inc. (NYSE:ABG). Utd Services Automobile Association owns 8,991 shares. Macquarie Group Inc Limited accumulated 414,537 shares. Balyasny Asset Mgmt Ltd Liability Corp invested 0% in Asbury Automotive Group, Inc. (NYSE:ABG). Kbc Grp Inc Nv reported 0.01% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG). Barclays Public Ltd holds 0% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG) for 36,308 shares. 3,200 were accumulated by Td Asset Mgmt. Envestnet Asset Inc invested 0% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG).

Asbury Automotive Group, Inc. (NYSE:ABG) Institutional Positions Chart

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