Westchester Capital Management Has Cut Cbs (Put) (CBS) Holding by $3.51 Million; Ritchie Bros Auctioneers (Usa) (RBA) Holder Baillie Gifford & Company Trimmed Its Stake by $5.77 Million

June 15, 2018 - By Darrin Black

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Logo

Baillie Gifford & Company decreased its stake in Ritchie Bros Auctioneers (Usa) (RBA) by 1.67% based on its latest 2018Q1 regulatory filing with the SEC. Baillie Gifford & Company sold 186,258 shares as the company’s stock rose 2.16% while stock markets declined. The institutional investor held 11.00M shares of the business services company at the end of 2018Q1, valued at $346.02 million, down from 11.19M at the end of the previous reported quarter. Baillie Gifford & Company who had been investing in Ritchie Bros Auctioneers (Usa) for a number of months, seems to be less bullish one the $3.82 billion market cap company. The stock decreased 0.45% or $0.16 during the last trading session, reaching $35.43. About 232,898 shares traded. Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) has risen 8.25% since June 15, 2017 and is uptrending. It has underperformed by 4.32% the S&P500. Some Historical RBA News: 08/04/2018 – DB’S RITCHIE IS SAID TO TAKE OVER INVESTMENT BANKING: HB; 05/04/2018 – Deutsche Bank Investment-Banking Co-Head Garth Ritchie Has Had Discussions About Leaving Bank; 08/04/2018 – DB SPVY BOARD IS SAID TO NAME VON ROHR, RITCHIE DEPUTIES: HB; 10/05/2018 – Ritchie Bros 1Q EPS 16c; 07/03/2018 – Redline Communications Names Joan Ritchie as Financial Chief; 07/03/2018 – REDLINE COMMUNICATIONS GROUP INC – BOARD ALSO ANNOUNCED THAT JOAN RITCHIE HAS BEEN APPOINTED CFO; 17/05/2018 – Ritchie Bros. sells US$44+ million of equipment in Fort Worth, TX auction; 05/04/2018 – Ritchie Serves on Management Board, Oversees Global Markets; 22/03/2018 – Rugby-Ritchie appointed Premiership Rugby non-exec chairman; 05/03/2018 Hometown Source: LWV Edina hosts Mark Ritchie

Westchester Capital Management Llc decreased its stake in Cbs Corporation (Put) (CBS) by 25.51% based on its latest 2018Q1 regulatory filing with the SEC. Westchester Capital Management Llc sold 68,800 shares as the company’s stock declined 8.46% with the market. The institutional investor held 200,900 shares of the broadcasting company at the end of 2018Q1, valued at $10.32M, down from 269,700 at the end of the previous reported quarter. Westchester Capital Management Llc who had been investing in Cbs Corporation (Put) for a number of months, seems to be less bullish one the $20.90 billion market cap company. The stock increased 1.58% or $0.86 during the last trading session, reaching $55.12. About 2.95 million shares traded. CBS Corporation (NYSE:CBS) has declined 17.26% since June 15, 2017 and is downtrending. It has underperformed by 29.83% the S&P500. Some Historical CBS News: 13/04/2018 – DUTCH FEB RETAIL SALES +2.6 PCT Y/Y AFTER REVISED +5.1 PCT IN JAN – CBS; 19/05/2018 – Review & Preview Follow-Up — A Return Visit to Earlier Stories: Without Viacom, CBS Could Soar — Barron’s; 10/05/2018 – CBS New York: JUST IN: The NYPD says two officers that handled the call have been placed on modified duty. Sources tell CBS2; 25/04/2018 – VIACOM: WON’T ANSWER QUESTIONS ABOUT CBS MERGER PROCESS; 05/04/2018 – Karma Automotive Debuts New TV Spot During CBS Coverage Of The 2018 Masters Golf Tournament®; 04/04/2018 – Shari Redstone Is Said to Push for Viacom’s Bakish in a CBS Deal; 14/05/2018 – CBS, Viacom had agreed on price for deal before lawsuit; 11/04/2018 – NEW CBS BID FOR VIACOM IS SAID EXPECTED TO BE INSUFFICIENT:CNBC; 03/04/2018 – Yahoo! Finance: CBS submits below market value bid for Viacom; 25/04/2018 – A Healthier Viacom Makes a CBS Deal Trickier — Heard on the Street

Investors sentiment increased to 0.68 in Q1 2018. Its up 0.09, from 0.59 in 2017Q4. It improved, as 79 investors sold CBS shares while 232 reduced holdings. 62 funds opened positions while 151 raised stakes. 218.74 million shares or 3.33% less from 226.28 million shares in 2017Q4 were reported. 28,170 are held by Oakbrook Invests Limited Liability Corporation. California State Teachers Retirement reported 543,786 shares stake. Victory Mgmt holds 2.55 million shares or 0.29% of its portfolio. Gardner Lewis Asset Limited Partnership holds 16,505 shares. Marathon Capital Management reported 0.73% of its portfolio in CBS Corporation (NYSE:CBS). Arizona State Retirement System stated it has 0.04% of its portfolio in CBS Corporation (NYSE:CBS). Kings Point Mgmt owns 761 shares. The California-based Wetherby Asset Management has invested 0.1% in CBS Corporation (NYSE:CBS). Moreover, Capital Int Investors has 0.07% invested in CBS Corporation (NYSE:CBS). Exxonmobil Inv Mgmt Tx holds 52,838 shares. Raymond James Assoc owns 0.02% invested in CBS Corporation (NYSE:CBS) for 190,408 shares. Berson And Corrado Invest Limited Liability Company accumulated 76,933 shares. Gsa Partners Llp has invested 0.02% of its portfolio in CBS Corporation (NYSE:CBS). Jane Street Group Inc Lc holds 0% or 22,194 shares in its portfolio. Suntrust Banks accumulated 21,145 shares.

Analysts await CBS Corporation (NYSE:CBS) to report earnings on August, 6. They expect $1.12 earnings per share, up 7.69% or $0.08 from last year’s $1.04 per share. CBS’s profit will be $424.71 million for 12.30 P/E if the $1.12 EPS becomes a reality. After $1.34 actual earnings per share reported by CBS Corporation for the previous quarter, Wall Street now forecasts -16.42% negative EPS growth.

More notable recent CBS Corporation (NYSE:CBS) news were published by: Finance.Yahoo.com which released: “With or Without Time Warner, AT&T Stock Isn’t Worth Buying” on June 13, 2018, also 247Wallst.com with their article: “CBS Shareholders Ask Where Their Yachts Are” published on May 18, 2018, Investorplace.com published: “Walt Disney Co Stock Is Finally Set to Move, But in Which Direction?” on June 14, 2018. More interesting news about CBS Corporation (NYSE:CBS) were released by: Gurufocus.com and their article: “Merger Mania: Companies Are Emboldened by Court Ruling” published on June 14, 2018 as well as Globenewswire.com‘s news article titled: “Analysis: Positioning to Benefit within Cars, Iconix Brand Group, NRG Yield, Aramark, CBS, and Live Nation …” with publication date: June 13, 2018.

Since January 16, 2018, it had 0 insider buys, and 14 insider sales for $62.07 million activity. The insider MOONVES LESLIE sold $4.55M. On Thursday, January 18 Ianniello Joseph R sold $14.12 million worth of CBS Corporation (NYSE:CBS) or 233,544 shares.

Westchester Capital Management Llc, which manages about $5.44 billion and $2.57B US Long portfolio, upped its stake in Tribune Media Company by 1.01M shares to 1.10 million shares, valued at $44.39M in 2018Q1, according to the filing. It also increased its holding in Spdr S&P 500 Etf Tr (Put) (SPY) by 55,000 shares in the quarter, for a total of 730,000 shares, and has risen its stake in Eqt Corporation (Put) (NYSE:EQT).

Among 39 analysts covering CBS Corp (NYSE:CBS), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. CBS Corp had 121 analyst reports since August 6, 2015 according to SRatingsIntel. Telsey Advisory Group maintained it with “Outperform” rating and $67 target in Friday, May 20 report. Wunderlich initiated CBS Corporation (NYSE:CBS) rating on Friday, October 21. Wunderlich has “Buy” rating and $72 target. UBS maintained the shares of CBS in report on Wednesday, March 16 with “Neutral” rating. KeyBanc Capital Markets maintained CBS Corporation (NYSE:CBS) on Tuesday, April 3 with “Hold” rating. As per Thursday, January 4, the company rating was maintained by Wells Fargo. The rating was maintained by Citigroup on Wednesday, August 23 with “Buy”. RBC Capital Markets maintained the shares of CBS in report on Tuesday, August 8 with “Buy” rating. Deutsche Bank maintained CBS Corporation (NYSE:CBS) rating on Friday, July 29. Deutsche Bank has “Buy” rating and $68 target. The stock of CBS Corporation (NYSE:CBS) has “Outperform” rating given on Wednesday, February 21 by BMO Capital Markets. As per Friday, August 11, the company rating was maintained by Barclays Capital.

Baillie Gifford & Company, which manages about $85.27 billion US Long portfolio, upped its stake in Pacira Pharmaceuticals (NASDAQ:PCRX) by 139,935 shares to 510,097 shares, valued at $15.89M in 2018Q1, according to the filing. It also increased its holding in Foundation Medicine (NASDAQ:FMI) by 83,259 shares in the quarter, for a total of 390,417 shares, and has risen its stake in Benefitfocus Inc (NASDAQ:BNFT).

CBS Corporation (NYSE:CBS) Institutional Positions Chart

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