Fpr Partners Continues to Hold Position in Liberty Interactive (QVCA); As Interdigital (IDCC) Share Value Declined, Pacad Investment LTD Has Trimmed Stake

April 20, 2018 - By Louis Casey

Qurate Retail Group, Inc. (NASDAQ:QVCA) Logo

Bob Peck increased its stake in Liberty Interactive Corp (QVCA) by 0.23% based on its latest 2017Q4 regulatory filing with the SEC. Fpr Partners Llc bought 23,177 shares as the company’s stock 0.00% . The hedge fund run by Bob Peck held 10.02 million shares of the catalog and specialty distribution company at the end of 2017Q4, valued at $244.68M, up from 10.00 million at the end of the previous reported quarter. Fpr Partners Llc who had been investing in Liberty Interactive Corp for a number of months, seems to be bullish on the $13.31B market cap company. The stock increased 2.76% or $0.75 during the last trading session, reaching $27.93. About 2.34M shares traded. Qurate Retail Group, Inc. (NASDAQ:QVCA) has 0.00% since April 20, 2017 and is . It has underperformed by 11.55% the S&P500.

Pacad Investment Ltd decreased its stake in Interdigital Inc (IDCC) by 76.13% based on its latest 2017Q4 regulatory filing with the SEC. Pacad Investment Ltd sold 5,400 shares as the company’s stock declined 4.27% with the market. The institutional investor held 1,693 shares of the miscellaneous company at the end of 2017Q4, valued at $129,000, down from 7,093 at the end of the previous reported quarter. Pacad Investment Ltd who had been investing in Interdigital Inc for a number of months, seems to be less bullish one the $2.77 billion market cap company. The stock increased 1.14% or $0.9 during the last trading session, reaching $79.9. About 119,936 shares traded. InterDigital, Inc. (NASDAQ:IDCC) has declined 15.03% since April 20, 2017 and is downtrending. It has underperformed by 26.58% the S&P500.

Analysts await InterDigital, Inc. (NASDAQ:IDCC) to report earnings on April, 26 before the open. They expect $0.33 earnings per share, down 64.52% or $0.60 from last year’s $0.93 per share. IDCC’s profit will be $11.43M for 60.53 P/E if the $0.33 EPS becomes a reality. After $2.68 actual earnings per share reported by InterDigital, Inc. for the previous quarter, Wall Street now forecasts -87.69% negative EPS growth.

Among 6 analysts covering InterDigital (NASDAQ:IDCC), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. InterDigital had 25 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of InterDigital, Inc. (NASDAQ:IDCC) earned “Neutral” rating by Dougherty & Company on Wednesday, October 5. The firm has “Buy” rating by B. Riley & Co given on Friday, July 28. The rating was initiated by B. Riley & Co with “Buy” on Tuesday, February 23. Barclays Capital maintained it with “Equal Weight” rating and $75 target in Friday, September 9 report. On Friday, October 27 the stock rating was maintained by B. Riley & Co with “Buy”. The rating was maintained by B. Riley & Co with “Buy” on Wednesday, July 19. The firm has “Equal Weight” rating given on Wednesday, November 11 by Barclays Capital. The stock has “Buy” rating by FBR Capital on Wednesday, April 11. Dougherty upgraded the shares of IDCC in report on Friday, February 23 to “Buy” rating. The company was maintained on Thursday, June 8 by B. Riley & Co.

Investors sentiment increased to 1.17 in Q4 2017. Its up 0.11, from 1.06 in 2017Q3. It is positive, as 24 investors sold IDCC shares while 79 reduced holdings. 45 funds opened positions while 75 raised stakes. 24.33 million shares or 2.16% less from 24.87 million shares in 2017Q3 were reported. Cordasco Financial Net owns 6,000 shares or 0.48% of their US portfolio. Northwestern Mutual Wealth has invested 0% in InterDigital, Inc. (NASDAQ:IDCC). Gru One Trading Limited Partnership has 2,800 shares. Ftb Advsr stated it has 0% in InterDigital, Inc. (NASDAQ:IDCC). Parametric Portfolio Associate Ltd Liability Corp reported 0.01% in InterDigital, Inc. (NASDAQ:IDCC). Toronto Dominion Bancshares reported 55 shares. Janney Montgomery Scott Limited Co has 0.01% invested in InterDigital, Inc. (NASDAQ:IDCC) for 9,824 shares. Gam Holdings Ag stated it has 9,353 shares. Advantus Cap has invested 0.01% in InterDigital, Inc. (NASDAQ:IDCC). Sigma Planning Corp holds 0.13% or 22,712 shares. Moreover, Boston Partners has 0.01% invested in InterDigital, Inc. (NASDAQ:IDCC) for 75,795 shares. Los Angeles Capital Mngmt Equity Rech, a California-based fund reported 3,291 shares. Teachers Retirement Systems Of The State Of Kentucky, a Kentucky-based fund reported 8,030 shares. General American Invsts reported 0.6% in InterDigital, Inc. (NASDAQ:IDCC). Ameritas Invest Ptnrs invested 0.05% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC).

Pacad Investment Ltd, which manages about $440.53 million US Long portfolio, upped its stake in Keycorp New (NYSE:KEY) by 29,700 shares to 35,200 shares, valued at $710,000 in 2017Q4, according to the filing. It also increased its holding in Gilead Sciences Inc (NASDAQ:GILD) by 11,279 shares in the quarter, for a total of 29,080 shares, and has risen its stake in Check Point Software Tech Lt (NASDAQ:CHKP).

Among 14 analysts covering Liberty Interactive (NASDAQ:QVCA), 12 have Buy rating, 1 Sell and 1 Hold. Therefore 86% are positive. Liberty Interactive had 33 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Qurate Retail Group, Inc. (NASDAQ:QVCA) earned “Buy” rating by Aegis Capital on Tuesday, February 27. Maxim Group maintained the shares of QVCA in report on Friday, July 7 with “Buy” rating. Pacific Crest initiated the shares of QVCA in report on Tuesday, December 8 with “Overweight” rating. The stock has “Outperform” rating by Wolfe Research on Tuesday, September 22. The stock has “Buy” rating by Stifel Nicolaus on Thursday, August 6. Aegis Capital maintained it with “Buy” rating and $3100 target in Tuesday, May 30 report. The stock of Qurate Retail Group, Inc. (NASDAQ:QVCA) has “Buy” rating given on Wednesday, January 3 by FBN Securities. As per Friday, March 2, the company rating was maintained by Bank of America. Axiom Capital maintained the stock with “Buy” rating in Wednesday, May 11 report. The rating was downgraded by FBN Securities on Thursday, July 6 to “Hold”.

InterDigital, Inc. (NASDAQ:IDCC) Institutional Positions Chart

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