As Cbre Group (CBG) Stock Value Declined, Valueact Holdings LP Lowered Its Position by $203.50 Million; Three Bays Capital LP Has Cut Its Sinclair Broadcast Group (SBGI) Position by $12.57 Million as Valuation Declined

February 15, 2018 - By Hazel Jackson

Jeffrey Ubben decreased its stake in Cbre Group Inc (CBG) by 16% based on its latest 2017Q3 regulatory filing with the SEC. Valueact Holdings Lp sold 5.50M shares as the company’s stock declined 5.61% while stock markets rallied. The hedge fund run by Jeffrey Ubben held 28.88 million shares of the finance company at the end of 2017Q3, valued at $1.09 billion, down from 34.38 million at the end of the previous reported quarter. Valueact Holdings Lp who had been investing in Cbre Group Inc for a number of months, seems to be less bullish one the $15.05B market cap company. The stock decreased 0.12% or $0.0533 during the last trading session, reaching $44.9867. About 588,916 shares traded. CBRE Group, Inc. (NYSE:CBG) has risen 21.33% since February 15, 2017 and is uptrending. It has outperformed by 4.63% the S&P500.

Three Bays Capital Lp decreased its stake in Sinclair Broadcast Group Inc (SBGI) by 13.92% based on its latest 2017Q3 regulatory filing with the SEC. Three Bays Capital Lp sold 392,946 shares as the company’s stock declined 9.32% while stock markets rallied. The institutional investor held 2.43M shares of the consumer services company at the end of 2017Q3, valued at $77.88 million, down from 2.82 million at the end of the previous reported quarter. Three Bays Capital Lp who had been investing in Sinclair Broadcast Group Inc for a number of months, seems to be less bullish one the $3.72B market cap company. The stock decreased 0.27% or $0.1 during the last trading session, reaching $36.55. About 233,284 shares traded. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has risen 12.28% since February 15, 2017 and is uptrending. It has underperformed by 4.42% the S&P500.

Among 11 analysts covering CBRE Group (NYSE:CBG), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. CBRE Group had 26 analyst reports since August 12, 2015 according to SRatingsIntel. As per Tuesday, July 18, the company rating was maintained by Barclays Capital. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 10 with “Hold”. Sterne Agee CRT initiated the stock with “Buy” rating in Wednesday, August 26 report. Keefe Bruyette & Woods maintained it with “Hold” rating and $3600 target in Thursday, July 20 report. The firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. Bank of America maintained it with “Buy” rating and $44 target in Monday, November 6 report. The stock has “Overweight” rating by Barclays Capital on Thursday, September 3. The firm has “Buy” rating given on Tuesday, February 6 by Raymond James. As per Monday, May 16, the company rating was initiated by Wood. Wedbush initiated it with “Outperform” rating and $35 target in Thursday, October 6 report.

Since August 16, 2017, it had 0 buys, and 7 insider sales for $201.70 million activity. MALEK FREDERIC V sold $298,644 worth of stock. On Friday, September 8 the insider Midler Laurence H sold $113,005. KIRK J. CHRISTOPHER also sold $866,400 worth of CBRE Group, Inc. (NYSE:CBG) shares. 25,000 shares were sold by CONCANNON WILLIAM F, worth $975,493 on Thursday, October 5. ValueAct Holdings – L.P. sold $197.45 million worth of CBRE Group, Inc. (NYSE:CBG) on Friday, September 15. LAFITTE MICHAEL J sold 27,775 shares worth $991,734.

Investors sentiment increased to 0.96 in 2017 Q3. Its up 0.06, from 0.9 in 2017Q2. It improved, as 24 investors sold CBG shares while 172 reduced holdings. 60 funds opened positions while 129 raised stakes. 313.05 million shares or 0.66% less from 315.14 million shares in 2017Q2 were reported. Royal Bancshares Of Canada invested in 628,531 shares or 0.01% of the stock. Hahn Management Limited Liability Com holds 4.38% or 1.17 million shares in its portfolio. Department Mb National Bank & Trust N A has 507 shares for 0% of their portfolio. Marlowe Prtn Ltd Partnership reported 323,911 shares stake. Cibc World Corporation has 43,810 shares. Icon Advisers has invested 0.51% in CBRE Group, Inc. (NYSE:CBG). Trillium Asset Ltd Llc invested 0.02% of its portfolio in CBRE Group, Inc. (NYSE:CBG). Vanguard Group Inc holds 0.05% or 30.08 million shares in its portfolio. Cambridge Inv Rech Advsr stated it has 8,303 shares. Huntington State Bank invested 0.01% in CBRE Group, Inc. (NYSE:CBG). Riverhead Mgmt Ltd Liability Corp holds 15,039 shares. Retirement Of Alabama reported 0.1% stake. Evercore Wealth Lc, New York-based fund reported 1.49 million shares. Fifth Third Bancorp has 0.01% invested in CBRE Group, Inc. (NYSE:CBG) for 44,276 shares. Intrust Bankshares Na holds 7,990 shares.

Analysts await Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) to report earnings on February, 28. They expect $0.62 earnings per share, down 53.03% or $0.70 from last year’s $1.32 per share. SBGI’s profit will be $63.09 million for 14.74 P/E if the $0.62 EPS becomes a reality. After $0.30 actual earnings per share reported by Sinclair Broadcast Group, Inc. for the previous quarter, Wall Street now forecasts 106.67% EPS growth.

Investors sentiment decreased to 1.23 in 2017 Q3. Its down 0.35, from 1.58 in 2017Q2. It dived, as 39 investors sold SBGI shares while 58 reduced holdings. 41 funds opened positions while 78 raised stakes. 83.23 million shares or 3.94% more from 80.08 million shares in 2017Q2 were reported. Manufacturers Life Ins The holds 0% or 55,843 shares in its portfolio. Barclays Public Limited Co stated it has 355,370 shares. Schwab Charles Inv Mgmt reported 990,977 shares or 0.03% of all its holdings. Us Natl Bank De reported 0% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Ftb Inc owns 531 shares or 0% of their US portfolio. Natixis holds 0.01% or 27,854 shares. Hutchin Hill Ltd Partnership owns 0.01% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 12,300 shares. Aperio Gp Ltd Limited Liability Company stated it has 0% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Dreman Value L L C reported 0.01% stake. Clearbridge Limited Liability Company has invested 0.04% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Chicago Equity Prns invested in 0.05% or 46,700 shares. Point72 Asset Management LP owns 282,100 shares for 0.04% of their portfolio. Cambridge Rech Advsrs, Iowa-based fund reported 9,757 shares. Kingdon Mgmt Ltd Liability Co owns 288,466 shares for 0.6% of their portfolio. Axa holds 262,060 shares or 0.04% of its portfolio.

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