Liberty Global Plc (LBTYA) Shareholder Rivulet Capital Trimmed Stake by $41.54 Million; Macy’s (M) Shareholder Icm Asset Management Has Lowered Its Stake

August 10, 2018 - By Jacqueline McKee

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Rivulet Capital Llc decreased its stake in Liberty Global Plc (LBTYA) by 58.05% based on its latest 2018Q1 regulatory filing with the SEC. Rivulet Capital Llc sold 1.34 million shares as the company’s stock declined 11.09% with the market. The hedge fund held 968,481 shares of the television services company at the end of 2018Q1, valued at $30.32 million, down from 2.31 million at the end of the previous reported quarter. Rivulet Capital Llc who had been investing in Liberty Global Plc for a number of months, seems to be less bullish one the $21.63 billion market cap company. The stock decreased 0.54% or $0.15 during the last trading session, reaching $27.83. About 1.33 million shares traded. Liberty Global plc (NASDAQ:LBTYA) has declined 7.21% since August 10, 2017 and is downtrending. It has underperformed by 19.78% the S&P500.

Icm Asset Management Inc decreased its stake in Macy’s Inc. (M) by 27.83% based on its latest 2018Q1 regulatory filing with the SEC. Icm Asset Management Inc sold 13,960 shares as the company’s stock rose 24.34% while stock markets declined. The institutional investor held 36,200 shares of the department and specialty retail stores company at the end of 2018Q1, valued at $1.08M, down from 50,160 at the end of the previous reported quarter. Icm Asset Management Inc who had been investing in Macy’s Inc. for a number of months, seems to be less bullish one the $12.43B market cap company. The stock increased 1.68% or $0.67 during the last trading session, reaching $40.56. About 6.02 million shares traded. Macy's, Inc. (NYSE:M) has risen 46.10% since August 10, 2017 and is uptrending. It has outperformed by 33.53% the S&P500. Some Historical M News: 08/05/2018 – Macy’s Star Rewards Are Now Bigger, Better and Available for Everyone; 19/04/2018 – Basic Oufitters Meets Up With Macy’s Market; 18/05/2018 – Moody’s Affirms 11 Classes of UBSC 2011-C1; 16/05/2018 – Macy’s Sees FY18 Sales Down 1%-Up 0.5%; 11/05/2018 – Traders await headlines on NAFTA talks ahead of House Speaker Paul Ryan’s May 17 deadline. Walmart, Macy’s and Home Depot report earnings, and April retail sales data is reported Tuesday; 20/03/2018 – Macy’s aims to grow its private-label business to represent 40 percent of total inventory; 16/05/2018 – Macy’s lifts outlook as customers flock back; 19/03/2018 – MACY’S LAUNCHES NEW APP, IN-STORE TECHNOLOGY; 16/05/2018 – MACY’S INC – COMPARABLE SALES ON AN OWNED PLUS LICENSED BASIS ARE EXPECTED TO INCREASE BETWEEN 1 AND 2 PERCENT IN FISCAL 2018; 12/04/2018 – Moody’s Affirms Ten Classes of WFRBS 2013-C16

Among 32 analysts covering Macy’s Inc. (NYSE:M), 7 have Buy rating, 3 Sell and 22 Hold. Therefore 22% are positive. Macy’s Inc. had 115 analyst reports since July 24, 2015 according to SRatingsIntel. Jefferies maintained Macy's, Inc. (NYSE:M) on Friday, November 10 with “Hold” rating. The rating was maintained by Jefferies on Tuesday, February 27 with “Hold”. Barclays Capital maintained the shares of M in report on Thursday, November 12 with “Underweight” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $20 target in Monday, November 13 report. Jefferies maintained the stock with “Hold” rating in Monday, July 10 report. As per Friday, October 20, the company rating was maintained by Susquehanna. Deutsche Bank downgraded the stock to “Hold” rating in Thursday, January 5 report. On Friday, August 12 the stock rating was maintained by UBS with “Neutral”. The firm has “Sell” rating given on Tuesday, July 28 by Gilford Securities. The firm has “Strong-Buy” rating given on Wednesday, August 12 by Vetr.

More recent Macy's, Inc. (NYSE:M) news were published by: Seekingalpha.com which released: “Macy’s Needs A Breather” on July 24, 2018. Also Seekingalpha.com published the news titled: “Macy’s: The Free Ride Is Over” on August 02, 2018. Seekingalpha.com‘s news article titled: “JC Penney May Be The Next Great Turnaround” with publication date: August 08, 2018 was also an interesting one.

Icm Asset Management Inc, which manages about $94.16M US Long portfolio, upped its stake in Micron Technology Inc. (NASDAQ:MU) by 21,775 shares to 130,772 shares, valued at $6.82 million in 2018Q1, according to the filing. It also increased its holding in Golar Lng Ltd. (NASDAQ:GLNG) by 94,992 shares in the quarter, for a total of 103,542 shares, and has risen its stake in Kratos Defense & Security Solu (NASDAQ:KTOS).

Analysts await Macy's, Inc. (NYSE:M) to report earnings on August, 15 before the open. They expect $0.48 EPS, 0.00% or $0.00 from last year’s $0.48 per share. M’s profit will be $147.05 million for 21.13 P/E if the $0.48 EPS becomes a reality. After $0.48 actual EPS reported by Macy's, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 17 analysts covering Liberty Global (NASDAQ:LBTYA), 14 have Buy rating, 1 Sell and 2 Hold. Therefore 82% are positive. Liberty Global had 58 analyst reports since August 6, 2015 according to SRatingsIntel. Wunderlich maintained the shares of LBTYA in report on Monday, November 7 with “Buy” rating. As per Monday, January 11, the company rating was downgraded by Morgan Stanley. The firm has “Buy” rating by Pivotal Research given on Monday, January 18. The stock of Liberty Global plc (NASDAQ:LBTYA) has “Neutral” rating given on Wednesday, July 11 by Macquarie Research. The stock of Liberty Global plc (NASDAQ:LBTYA) earned “Buy” rating by Macquarie Research on Friday, February 16. The rating was upgraded by Credit Suisse on Thursday, April 19 to “Outperform”. As per Thursday, July 20, the company rating was maintained by Jefferies. The rating was maintained by Citigroup with “Buy” on Tuesday, February 6. Goldman Sachs maintained Liberty Global plc (NASDAQ:LBTYA) on Friday, October 2 with “Buy” rating. Citigroup maintained the stock with “Buy” rating in Friday, May 13 report.

More notable recent Liberty Global plc (NASDAQ:LBTYA) news were published by: Seekingalpha.com which released: “Liberty Global, Inc. (LBTYA) CEO Mike Fries on Q2 2018 Results – Earnings Call Transcript” on August 09, 2018, also Benzinga.com with their article: “Earnings Scheduled For August 8, 2018” published on August 08, 2018, Seekingalpha.com published: “Telegraph: Amazon plans smart television, TV service” on July 14, 2018. More interesting news about Liberty Global plc (NASDAQ:LBTYA) were released by: Streetinsider.com and their article: “Liberty Global (LBTYA) Reports Q2 Revenue About In-Line with Estimates” published on August 08, 2018 as well as Globenewswire.com‘s news article titled: “New Research Coverage Highlights Brunswick, Liberty Global, LaSalle Hotel Properties, Denny’s, Medpace, and …” with publication date: August 01, 2018.

Macy's, Inc. (NYSE:M) Institutional Positions Chart

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