Chimera Invt (CIM) Shares Declined While Nfc Investments Has Decreased by $586,980 Its Holding; As Live Nation Entertainment In (LYV) Market Valuation Declined, Covey Capital Advisors Has Cut Position

May 17, 2018 - By Michael Collier

Live Nation Entertainment, Inc. (NYSE:LYV) Logo

Nfc Investments Llc decreased its stake in Chimera Invt Corp (CIM) by 3.78% based on its latest 2017Q4 regulatory filing with the SEC. Nfc Investments Llc sold 32,610 shares as the company’s stock declined 7.49% with the market. The hedge fund held 829,006 shares of the real estate investment trusts company at the end of 2017Q4, valued at $15.32 million, down from 861,616 at the end of the previous reported quarter. Nfc Investments Llc who had been investing in Chimera Invt Corp for a number of months, seems to be less bullish one the $3.38B market cap company. The stock decreased 0.44% or $0.08 during the last trading session, reaching $18.06. About 1.13M shares traded or 6.26% up from the average. Chimera Investment Corporation (NYSE:CIM) has declined 12.70% since May 17, 2017 and is downtrending. It has underperformed by 24.25% the S&P500.

Covey Capital Advisors Llc decreased its stake in Live Nation Entertainment In (LYV) by 17.54% based on its latest 2017Q4 regulatory filing with the SEC. Covey Capital Advisors Llc sold 13,078 shares as the company’s stock declined 0.07% with the market. The institutional investor held 61,477 shares of the consumer services company at the end of 2017Q4, valued at $2.62M, down from 74,555 at the end of the previous reported quarter. Covey Capital Advisors Llc who had been investing in Live Nation Entertainment In for a number of months, seems to be less bullish one the $9.16 billion market cap company. The stock decreased 0.16% or $0.07 during the last trading session, reaching $43.83. About 1.45 million shares traded. Live Nation Entertainment, Inc. (NYSE:LYV) has risen 41.79% since May 17, 2017 and is uptrending. It has outperformed by 30.24% the S&P500.

Analysts await Chimera Investment Corporation (NYSE:CIM) to report earnings on August, 1. They expect $0.58 EPS, down 3.33% or $0.02 from last year’s $0.6 per share. CIM’s profit will be $108.45 million for 7.78 P/E if the $0.58 EPS becomes a reality. After $0.58 actual EPS reported by Chimera Investment Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 0 in 2017 Q4. Its down 0.33, from 0.33 in 2017Q3. It dropped, as 0 investors sold CIM shares while 3 reduced holdings. 0 funds opened positions while 0 raised stakes. 928,173 shares or 3.99% less from 966,760 shares in 2017Q3 were reported. Capital Advsrs Ltd Liability Company has 0.09% invested in Chimera Investment Corporation (NYSE:CIM) for 71,093 shares. Nfc Invs Ltd Company owns 829,006 shares or 5.18% of their US portfolio. Balasa Dinverno Foltz Limited Liability Corp holds 28,074 shares or 0.08% of its portfolio.

Nfc Investments Llc, which manages about $1.00B and $295.74 million US Long portfolio, upped its stake in Alliance Res Partners Lp (NASDAQ:ARLP) by 108,200 shares to 134,200 shares, valued at $2.64M in 2017Q4, according to the filing. It also increased its holding in Starwood Ppty Tr Inc (NYSE:STWD) by 207,980 shares in the quarter, for a total of 810,563 shares, and has risen its stake in Triumph Bancorp Inc.

More recent Chimera Investment Corporation (NYSE:CIM) news were published by: Streetinsider.com which released: “Omega’s 13F Shows Increase in Ocwen (OCN), Synchrony (SYF), United (UAL), Exits Zynga (ZNGA) (More…)” on May 15, 2018. Also Seekingalpha.com published the news titled: “2 Reasons To Buy This 11.6%-Yielding Mortgage REIT” on April 19, 2018. Globenewswire.com‘s news article titled: “Consolidated Research: 2018 Summary Expectations for Solar Capital, Summit Hotel Properties, FARO Technologies …” with publication date: April 18, 2018 was also an interesting one.

Among 9 analysts covering Chimera Investment (NYSE:CIM), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Chimera Investment had 19 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Chimera Investment Corporation (NYSE:CIM) earned “Hold” rating by Deutsche Bank on Thursday, August 3. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, August 10 report. Wood maintained Chimera Investment Corporation (NYSE:CIM) on Tuesday, August 9 with “Market Perform” rating. Wells Fargo downgraded the stock to “Market Perform” rating in Monday, January 18 report. Keefe Bruyette & Woods maintained Chimera Investment Corporation (NYSE:CIM) rating on Thursday, February 15. Keefe Bruyette & Woods has “Hold” rating and $18.0 target. The stock of Chimera Investment Corporation (NYSE:CIM) earned “Underperform” rating by Wells Fargo on Wednesday, May 4. The stock has “Buy” rating by Nomura on Wednesday, March 23. The stock of Chimera Investment Corporation (NYSE:CIM) earned “Buy” rating by Zacks on Wednesday, August 12. The rating was maintained by Wood with “Hold” on Friday, August 14. The rating was upgraded by Wells Fargo to “Market Perform” on Thursday, February 16.

More recent Live Nation Entertainment, Inc. (NYSE:LYV) news were published by: Businesswire.com which released: “LYV SHAREHOLDER ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving Live …” on May 10, 2018. Also Businesswire.com published the news titled: “Bragar Eagel & Squire, PC Reminds Investors That a Class Action Lawsuit Has Been Filed Against Live Nation …” on May 16, 2018. Globenewswire.com‘s news article titled: “Kaskela Law LLC: Shareholder Class Action Filed Against Live Nation Entertainment – LYV” with publication date: May 06, 2018 was also an interesting one.

Analysts await Live Nation Entertainment, Inc. (NYSE:LYV) to report earnings on August, 8. They expect $0.27 earnings per share, down 6.90% or $0.02 from last year’s $0.29 per share. LYV’s profit will be $56.41 million for 40.58 P/E if the $0.27 EPS becomes a reality. After $-0.24 actual earnings per share reported by Live Nation Entertainment, Inc. for the previous quarter, Wall Street now forecasts -212.50% EPS growth.

Covey Capital Advisors Llc, which manages about $395.73 million and $75.64M US Long portfolio, upped its stake in Servicemaster Global Holding (NYSE:SERV) by 31,383 shares to 49,433 shares, valued at $2.53M in 2017Q4, according to the filing. It also increased its holding in Ituran Location And Control (NASDAQ:ITRN) by 15,927 shares in the quarter, for a total of 29,533 shares, and has risen its stake in Hudbay Minerals Inc (NYSE:HBM).

Among 14 analysts covering Live Nation (NYSE:LYV), 13 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Live Nation had 27 analyst reports since September 18, 2015 according to SRatingsIntel. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) earned “Overweight” rating by JP Morgan on Thursday, August 18. Guggenheim maintained the stock with “Buy” rating in Wednesday, February 28 report. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) earned “Hold” rating by Citigroup on Friday, December 22. On Monday, June 19 the stock rating was downgraded by Northcoast to “Neutral”. Citigroup initiated Live Nation Entertainment, Inc. (NYSE:LYV) on Thursday, October 8 with “Buy” rating. The rating was upgraded by Citigroup to “Buy” on Monday, April 9. The rating was maintained by Stephens with “Buy” on Thursday, August 10. Northcoast upgraded the shares of LYV in report on Sunday, April 22 to “Buy” rating. The firm has “Buy” rating given on Monday, June 5 by Jefferies. Stephens upgraded the shares of LYV in report on Tuesday, November 8 to “Overweight” rating.

Investors sentiment decreased to 1.15 in Q4 2017. Its down 0.39, from 1.54 in 2017Q3. It fall, as 41 investors sold LYV shares while 99 reduced holdings. 63 funds opened positions while 98 raised stakes. 136.81 million shares or 1.26% more from 135.10 million shares in 2017Q3 were reported. Sumitomo Mitsui Hldg stated it has 424,909 shares or 0.02% of all its holdings. United Kingdom-based Legal And General Group Public Limited has invested 0.01% in Live Nation Entertainment, Inc. (NYSE:LYV). Utd Automobile Association owns 0% invested in Live Nation Entertainment, Inc. (NYSE:LYV) for 9,989 shares. M&T Retail Bank accumulated 5,928 shares. Jpmorgan Chase And owns 741,472 shares for 0.01% of their portfolio. Gargoyle Investment Advisor Limited Liability Co reported 61,055 shares or 1.03% of all its holdings. Howe Rusling holds 0% or 243 shares in its portfolio. State Street, Massachusetts-based fund reported 4.30M shares. Fifth Third Financial Bank holds 0% or 716 shares. Mogy Joel R Inv Counsel holds 25,000 shares. Asset Management One Limited has 0.02% invested in Live Nation Entertainment, Inc. (NYSE:LYV). 28,554 are held by Gotham Asset Mgmt Limited. Matarin Mgmt Limited invested in 111,082 shares. Numeric Investors Limited Liability Com invested in 0% or 5,700 shares. Qs Investors Ltd Limited Liability Company accumulated 6,059 shares.

Live Nation Entertainment, Inc. (NYSE:LYV) Institutional Positions Chart

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