Crestline Management LP Sells 5,100 Shares of Comcast Co. (NASDAQ:CMCSA)

Crestline Management LP reduced its position in Comcast Co. (NASDAQ:CMCSA) by 17.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,823 shares of the cable giant’s stock after selling 5,100 shares during the quarter. Crestline Management LP’s holdings in Comcast were worth $894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Promus Capital LLC purchased a new position in shares of Comcast in the fourth quarter worth about $25,000. Winch Advisory Services LLC grew its stake in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new stake in Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast during the fourth quarter worth $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Comcast in the fourth quarter worth $36,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Comcast stock opened at $34.25 on Friday. The firm has a fifty day simple moving average of $35.01 and a two-hundred day simple moving average of $37.56. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The company has a market capitalization of $127.88 billion, a PE ratio of 8.25, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

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

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of recent research reports. Wells Fargo & Company cut Comcast from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Benchmark cut their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Oppenheimer decreased their target price on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the company from $50.00 to $38.00 in a report on Friday, January 31st. Finally, Argus downgraded Comcast from a “buy” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.10.

Comcast Company 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.