Twinbeech Capital LP Has $21.75 Million Position in Comcast Co. (NASDAQ:CMCSA)

Twinbeech Capital LP increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 4,045.7% during the fourth quarter, Holdings Channel reports. The fund owned 579,491 shares of the cable giant’s stock after acquiring an additional 565,513 shares during the quarter. Twinbeech Capital LP’s holdings in Comcast were worth $21,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new position in Comcast in the 4th quarter valued at $25,000. Roxbury Financial LLC acquired a new stake in shares of Comcast during the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast during the 4th quarter worth $28,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Comcast during the 4th quarter worth $36,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Comcast during the 4th quarter worth $37,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group reduced their target price on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Barclays reduced their target price on Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. Morgan Stanley set a $37.00 price objective on Comcast in a research report on Friday, April 25th. Finally, Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.10.

Comcast Price Performance

Comcast stock opened at $35.48 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $132.47 billion, a PE ratio of 8.55, a P/E/G ratio of 1.78 and a beta of 0.97. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31. The stock has a 50-day moving average price of $34.88 and a two-hundred day moving average price of $37.25.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $1.04 earnings per share. Analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.