As Cdk Global (CDK) Valuation Declined, Shareholder Pennant Capital Management Lowered Its Stake; Bowling Portfolio Management Increased Its Holding in Century Bancorp Mass (CNBKA) by $785,813 as Share Value Rose

August 10, 2018 - By Joseph Taylor

Century Bancorp, Inc. (NASDAQ:CNBKA) Logo

Pennant Capital Management Llc decreased its stake in Cdk Global Inc (CDK) by 81.95% based on its latest 2018Q1 regulatory filing with the SEC. Pennant Capital Management Llc sold 454,103 shares as the company’s stock declined 8.48% with the market. The hedge fund held 100,000 shares of the miscellaneous company at the end of 2018Q1, valued at $6.33 million, down from 554,103 at the end of the previous reported quarter. Pennant Capital Management Llc who had been investing in Cdk Global Inc for a number of months, seems to be less bullish one the $8.44 billion market cap company. The stock decreased 0.14% or $0.09 during the last trading session, reaching $64.11. About 654,746 shares traded. CDK Global, Inc. (NASDAQ:CDK) has risen 4.20% since August 10, 2017 and is uptrending. It has underperformed by 8.37% the S&P500. Some Historical CDK News: 26/04/2018 – CDK Global Lowers 2018 Rev Guidance to Range of 2.5%-3% Growth From 3%-4%; 20/03/2018 – FTC: FTC Challenges CDK Global, Inc.’s Proposed Acquisition of Competitor Auto/Mate, Inc; 07/03/2018 ClinicalTrial US: G1T38, a CDK 4/6 Inhibitor, in Combination With Osimertinib in EGFR-Mutant Non-Small Cell Lung Cancer; 26/04/2018 – CDK Global Sees 2018 EPS $2.62-EPS $2.72; 05/04/2018 – CDK Websites Enhanced for Dealer Control and Design; Primed for Mobile-First Indexing; 26/04/2018 – CDK GLOBAL INC CDK.O SEES FY 2018 ADJUSTED SHR $3.23 TO $3.28; 17/04/2018 – CYCLACEL’S CYC065 CDK INHIBITOR SHOWS SYNERGY WITH VENETOCLAX; 20/03/2018 – CDK GLOBAL, AUTO/MATE CITE FTC OPPOSING THE DEAL; 20/03/2018 – Car Dealer Software Makers CDK, Auto/Mate Call Off Merger Due to FTC Opposition; 26/04/2018 – CDK Global Sees 2018 Adj EPS $3.23-Adj EPS $3.28

Bowling Portfolio Management Llc increased its stake in Century Bancorp Inc Mass (CNBKA) by 89.91% based on its latest 2018Q1 regulatory filing with the SEC. Bowling Portfolio Management Llc bought 9,947 shares as the company’s stock rose 4.15% while stock markets declined. The institutional investor held 21,010 shares of the finance company at the end of 2018Q1, valued at $1.67 million, up from 11,063 at the end of the previous reported quarter. Bowling Portfolio Management Llc who had been investing in Century Bancorp Inc Mass for a number of months, seems to be bullish on the $277.10M market cap company. The stock increased 0.26% or $0.2 during the last trading session, reaching $76.8. About 4,089 shares traded. Century Bancorp, Inc. (NASDAQ:CNBKA) has risen 31.70% since August 10, 2017 and is uptrending. It has outperformed by 19.13% the S&P500. Some Historical CNBKA News: 22/04/2018 – DJ Century Bancorp Inc Class A, Inst Holders, 1Q 2018 (CNBKA); 19/04/2018 – DJ Third Century Bancorp, Inst Holders, 1Q 2018 (TDCB); 16/03/2018 1st Century Bank Reaches $1 Billion In Assets; 26/04/2018 – THIRD CENTURY BANCORP TDCB.OB QUARTERLY SHR $0.18; 17/05/2018 – Third Century Bancorp Announces Dividend; 26/04/2018 – Third Century Bancorp Releases Earnings for Quarter Ended March 31, 2018

Analysts await CDK Global, Inc. (NASDAQ:CDK) to report earnings on August, 14 before the open. They expect $0.80 earnings per share, up 45.45% or $0.25 from last year’s $0.55 per share. CDK’s profit will be $105.28 million for 20.03 P/E if the $0.80 EPS becomes a reality. After $0.85 actual earnings per share reported by CDK Global, Inc. for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

More news for CDK Global, Inc. (NASDAQ:CDK) were recently published by: Gurufocus.com, which released: “6 Underperforming Stocks in Gurus’ Portfolios” on August 09, 2018. Businesswire.com‘s article titled: “CDK Global to Acquire ELEAD1ONE” and published on July 16, 2018 is yet another important article.

Among 8 analysts covering CDK Global (NASDAQ:CDK), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. CDK Global had 17 analyst reports since August 14, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Wells Fargo on Wednesday, June 21. The firm has “Neutral” rating by JP Morgan given on Wednesday, April 6. Morgan Stanley maintained it with “Equal-Weight” rating and $75 target in Friday, April 27 report. As per Thursday, February 4, the company rating was upgraded by Barrington Research. JP Morgan maintained CDK Global, Inc. (NASDAQ:CDK) on Friday, August 14 with “Underweight” rating. As per Wednesday, January 31, the company rating was maintained by Morgan Stanley. On Monday, July 10 the stock rating was upgraded by Evercore to “Outperform”. The stock of CDK Global, Inc. (NASDAQ:CDK) has “Outperform” rating given on Tuesday, May 29 by Barrington Research. As per Wednesday, August 9, the company rating was maintained by Oppenheimer. The stock of CDK Global, Inc. (NASDAQ:CDK) earned “Equal-Weight” rating by Morgan Stanley on Friday, February 3.

Investors sentiment decreased to 0.97 in 2018 Q1. Its down 0.26, from 1.23 in 2017Q4. It worsened, as 4 investors sold CNBKA shares while 28 reduced holdings. 8 funds opened positions while 23 raised stakes. 1.91 million shares or 1.37% less from 1.94 million shares in 2017Q4 were reported. Citigroup Inc holds 862 shares. Heartland Advsr holds 0.37% or 70,000 shares in its portfolio. Meeder Asset Mngmt owns 172 shares. Strs Ohio stated it has 0% in Century Bancorp, Inc. (NASDAQ:CNBKA). 11,284 were reported by Daniel Devine And Com. Rbf Cap Limited owns 5,000 shares or 0.05% of their US portfolio. Dimensional Fund Advisors Lp accumulated 150,604 shares. Alliancebernstein LP holds 0% of its portfolio in Century Bancorp, Inc. (NASDAQ:CNBKA) for 9,458 shares. Employees Retirement Of Ohio holds 0% of its portfolio in Century Bancorp, Inc. (NASDAQ:CNBKA) for 6,895 shares. State Bank Of New York Mellon Corp reported 0% of its portfolio in Century Bancorp, Inc. (NASDAQ:CNBKA). Earnest Prtn Ltd Limited Liability Company owns 500 shares for 0% of their portfolio. Ativo Cap Lc accumulated 8,202 shares or 0.18% of the stock. Vanguard Gp Incorporated invested in 0% or 127,412 shares. First Tru Advsrs Ltd Partnership has invested 0% in Century Bancorp, Inc. (NASDAQ:CNBKA). Acadian Asset Management Limited Liability Company stated it has 0% of its portfolio in Century Bancorp, Inc. (NASDAQ:CNBKA).

Century Bancorp, Inc. (NASDAQ:CNBKA) Institutional Positions Chart

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