Short Interest of The Day: Comcast Corporation Class A (NASDAQ:CMCSA) Has Increase in Shorts

November 29, 2016 - By Richard Conner   ·   0 Comments

Short Interest of The Day: Comcast Corporation Class A (NASDAQ:CMCSA) Has Increase in Shorts

The stock of Comcast Corporation Class A (NASDAQ:CMCSA) registered an increase of 6.08% in short interest. CMCSA’s total short interest was 34.02 million shares in November as published by FINRA. Its up 6.08% from 32.07 million shares, reported previously. With 12.42 million shares average volume, it will take short sellers 3 days to cover their CMCSA’s short positions. The short interest to Comcast Corporation Class A’s float is 1.42%. The stock decreased 1.23% or $0.85 during the last trading session, hitting $68.31. Comcast Corporation (NASDAQ:CMCSA) has risen 11.89% since April 26, 2016 and is uptrending. It has outperformed by 6.63% the S&P500.

Comcast Corporation is a media and technology company. The company has a market cap of $163.93 billion. The Company’s primary businesses include Comcast Cable and NBCUniversal. It has a 20.03 P/E ratio. The Company’s Comcast Cable business operates in Cable Communications segment.

Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.06, from 0.94 in 2016Q1. The ratio fall, as 62 funds sold all Comcast Corporation shares owned while 488 reduced positions. 82 funds bought stakes while 436 increased positions. They now own 1.91 billion shares or 3.22% less from 1.97 billion shares in 2016Q1.
Advisory Services Network accumulated 0.11% or 7,368 shares. Amer State Bank holds 212 shares or 0.01% of its portfolio. California Public Employees Retirement Systems owns 6.87 million shares or 0.72% of their US portfolio. Anchor Capital Ltd Liability Corp owns 678,960 shares or 1.12% of their US portfolio. Strategic Global Advsr Limited Liability holds 0.09% or 3,549 shares in its portfolio. The Ohio-based Huntington Natl Bank has invested 0.68% in Comcast Corporation (NASDAQ:CMCSA). The Massachusetts-based Fmr Limited Liability Corporation has invested 0.35% in Comcast Corporation (NASDAQ:CMCSA). Train Babcock Advsrs Lc has invested 0.11% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Cna Fincl holds 1.45% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 89,200 shares. Letko Brosseau & Assocs Incorporated has 1.49% invested in the company for 2.40M shares. Commonwealth Fincl Limited Liability Company, a West Virginia-based fund reported 1,104 shares. Evercore Na has 7.22 million shares for 1.5% of their US portfolio. Bbva Compass Commercial Bank accumulated 100,646 shares or 0.49% of the stock. The Ohio-based Riverpoint Cap Mngmt Ltd has invested 0.07% in Comcast Corporation (NASDAQ:CMCSA). Jolley Asset Lc holds 0.02% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 309 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 8 sales for $26.27 million net activity. The insider BLOCK ARTHUR R sold $67,257. 304,109 shares were sold by ROBERTS BRIAN L, worth $20.45M on Friday, July 29. Another trade for 19,444 shares valued at $1.27 million was made by COHEN DAVID L on Tuesday, October 11. 15,121 Comcast Corporation (NASDAQ:CMCSA) shares with value of $993,171 were sold by Smit Neil. RODIN JUDITH sold $15,394 worth of Comcast Corporation (NASDAQ:CMCSA) on Thursday, June 9. Another trade for 2,500 shares valued at $157,060 was made by BACON KENNETH J on Thursday, June 16.

Comcast Corporation (NASDAQ:CMCSA) Ratings Coverage

Out of 15 analysts covering Comcast Corporation (NASDAQ:CMCSA), 12 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 80% are positive. Comcast Corporation has been the topic of 32 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Wednesday, November 11 by SunTrust. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, October 28. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Outperform” rating given on Wednesday, January 6 by Credit Suisse. Pivotal Research maintained it with “Buy” rating and $90 target price in Tuesday, September 27 report. The firm has “Buy” rating by Wunderlich given on Wednesday, September 16. On Friday, August 19 the stock rating was maintained by Telsey Advisory Group with “Outperform”. The firm earned “Buy” rating on Wednesday, August 19 by Moffett Nathanson. Nomura initiated the stock with “Buy” rating in Tuesday, December 8 report. The rating was maintained by Pivotal Research with “Buy” on Thursday, July 23. The rating was initiated by Suntrust Robinson with “Neutral” on Wednesday, November 11.

CMCSA Company Profile

Comcast Corporation, incorporated on December 7, 2001, is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. The Company’s Comcast Cable business operates through Cable Communications segment. The Company’s NBCUniversal business consists of four divisions, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks. The Company’s other business interests consists of Comcast Spectacor, which owns the Philadelphia Flyers, and the Wells Fargo Center arena in Philadelphia, Pennsylvania, and operates from arena management-related businesses.

More news for Comcast Corporation (NASDAQ:CMCSA) were recently published by: Fool.com, which released: “Better Buy: Comcast Corporation vs. Charter Communications” on November 14, 2016. Investorplace.com‘s article titled: “How Can I Watch Netflix, Inc. on Comcast Corporation?” and published on November 04, 2016 is yet another important article.

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By Richard Conner

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