Intel (INTC) Holder First Financial Bank – Trust Division Has Increased Its Holding by $4.30 Million as Market Valuation Rose; As Live Nation Entmt (LYV) Stock Value Declined, Bluestein R H & Company Decreased Its Stake

April 25, 2018 - By Ellis Scott

Intel Corporation (NASDAQ:INTC) Logo

First Financial Bank – Trust Division increased its stake in Intel (INTC) by 95.95% based on its latest 2017Q4 regulatory filing with the SEC. First Financial Bank – Trust Division bought 93,501 shares as the company’s stock rose 9.61% while stock markets declined. The institutional investor held 190,948 shares of the semiconductors company at the end of 2017Q4, valued at $8.82 million, up from 97,447 at the end of the previous reported quarter. First Financial Bank – Trust Division who had been investing in Intel for a number of months, seems to be bullish on the $239.53B market cap company. The stock decreased 0.49% or $0.25 during the last trading session, reaching $51.2. About 2.34 million shares traded. Intel Corporation (NASDAQ:INTC) has risen 44.65% since April 25, 2017 and is uptrending. It has outperformed by 33.10% the S&P500.

Bluestein R H & Company decreased its stake in Live Nation Entmt Inc (LYV) by 61.11% based on its latest 2017Q4 regulatory filing with the SEC. Bluestein R H & Company sold 15,400 shares as the company’s stock declined 0.07% with the market. The hedge fund held 9,800 shares of the consumer services company at the end of 2017Q4, valued at $417,000, down from 25,200 at the end of the previous reported quarter. Bluestein R H & Company who had been investing in Live Nation Entmt Inc for a number of months, seems to be less bullish one the $8.22 billion market cap company. The stock decreased 1.08% or $0.43 during the last trading session, reaching $39.37. About 116,099 shares traded. Live Nation Entertainment, Inc. (NYSE:LYV) has risen 41.79% since April 25, 2017 and is uptrending. It has outperformed by 30.24% the S&P500.

Bluestein R H & Company, which manages about $2.94 billion and $1.93B US Long portfolio, upped its stake in Deere & Co (NYSE:DE) by 3,045 shares to 5,645 shares, valued at $883,000 in 2017Q4, according to the filing. It also increased its holding in Intuitive Surgical Inc (NASDAQ:ISRG) by 1,902 shares in the quarter, for a total of 2,953 shares, and has risen its stake in At&T Inc (NYSE:T).

Among 14 analysts covering Live Nation (NYSE:LYV), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. Live Nation had 26 analyst reports since September 18, 2015 according to SRatingsIntel. On Wednesday, October 12 the stock rating was maintained by Citigroup with “Buy”. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) has “Buy” rating given on Monday, May 2 by Northcoast. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) earned “Buy” rating by Guggenheim on Wednesday, February 28. Stephens maintained the stock with “Buy” rating in Thursday, August 10 report. The firm has “Buy” rating given on Monday, October 16 by Jefferies. On Thursday, November 2 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Neutral” rating on Tuesday, March 29 by BTIG Research. The rating was upgraded by Citigroup on Monday, April 9 to “Buy”. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) earned “Buy” rating by Guggenheim on Wednesday, January 10. The firm earned “Buy” rating on Thursday, October 8 by Citigroup.

Investors sentiment decreased to 1.15 in 2017 Q4. Its down 0.39, from 1.54 in 2017Q3. It dropped, 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. Public Employees Retirement Association Of Colorado invested in 30,195 shares or 0.01% of the stock. Moreover, Arrowstreet Capital Limited Partnership has 0.01% invested in Live Nation Entertainment, Inc. (NYSE:LYV). Loomis Sayles And Co Ltd Partnership, a Massachusetts-based fund reported 684,638 shares. Morgan Stanley owns 583,911 shares for 0.01% of their portfolio. 5,403 were accumulated by Parametrica Limited. Westpac Bk Corporation invested 0.01% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV). Utd Serv Automobile Association, Texas-based fund reported 9,989 shares. Teachers Retirement System Of The State Of Kentucky has 28,520 shares. Magnetar Financial Limited Co has invested 0.02% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV). Wells Fargo And Mn accumulated 2.79M shares. Retirement Of Alabama owns 339,954 shares. Westfield Cap Mngmt Com Limited Partnership reported 0.02% stake. Ny State Teachers Retirement Systems has 0.03% invested in Live Nation Entertainment, Inc. (NYSE:LYV) for 258,007 shares. Scout Investments Incorporated stated it has 0.48% in Live Nation Entertainment, Inc. (NYSE:LYV). City Holdg Com accumulated 12 shares or 0% of the stock.

Analysts await Live Nation Entertainment, Inc. (NYSE:LYV) to report earnings on May, 3. They expect $-0.25 earnings per share, down 13.64% or $0.03 from last year’s $-0.22 per share. After $-1.12 actual earnings per share reported by Live Nation Entertainment, Inc. for the previous quarter, Wall Street now forecasts -77.68% EPS growth.

Since October 25, 2017, it had 0 insider buys, and 15 insider sales for $32.38 million activity. Shares for $3.99 million were sold by BRYANT ANDY D. Another trade for 1,643 shares valued at $80,974 was made by Shenoy Navin on Thursday, January 25. The insider Krzanich Brian M sold 8,659 shares worth $427,757. Smith Stacy J had sold 472,337 shares worth $20.89 million on Monday, October 30. The insider YOFFIE DAVID B sold 30,000 shares worth $1.35M. Shares for $25,360 were sold by Bryant Diane M.

First Financial Bank – Trust Division, which manages about $606.39 million US Long portfolio, decreased its stake in Bristol (NYSE:BMY) by 18,745 shares to 39,138 shares, valued at $2.40M in 2017Q4, according to the filing. It also reduced its holding in Newell Brands (NYSE:NWL) by 37,509 shares in the quarter, leaving it with 16,922 shares, and cut its stake in Visa Inc Cl A (NYSE:V).

Intel Corporation (NASDAQ:INTC) Institutional Positions Chart

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