Suncoast Equity Management Has Cut Accenture LTD (ACN) Holding By $666,774; Shapiro Capital Management Boosted Its Amc Networks (AMCX) Position

April 21, 2018 - By Dolores Ford

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Shapiro Capital Management Llc increased Amc Networks Inc. (AMCX) stake by 33.3% reported in 2017Q4 SEC filing. Shapiro Capital Management Llc acquired 644,259 shares as Amc Networks Inc. (AMCX)’s stock declined 10.17%. The Shapiro Capital Management Llc holds 2.58M shares with $139.48 billion value, up from 1.93 million last quarter. Amc Networks Inc. now has $3.13 billion valuation. The stock decreased 0.92% or $0.48 during the last trading session, reaching $51.61. About 314,453 shares traded. AMC Networks Inc. (NASDAQ:AMCX) has declined 12.07% since April 21, 2017 and is downtrending. It has underperformed by 23.62% the S&P500.

Suncoast Equity Management decreased Accenture Ltd (ACN) stake by 2.19% reported in 2017Q4 SEC filing. Suncoast Equity Management sold 4,358 shares as Accenture Ltd (ACN)’s stock declined 3.27%. The Suncoast Equity Management holds 194,470 shares with $29.77 million value, down from 198,828 last quarter. Accenture Ltd now has $98.01B valuation. The stock decreased 1.41% or $2.18 during the last trading session, reaching $152.41. About 2.30M shares traded. Accenture plc (NYSE:ACN) has risen 24.68% since April 21, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Among 26 analysts covering Accenture Plc (NYSE:ACN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Accenture Plc had 96 analyst reports since August 12, 2015 according to SRatingsIntel. The company was maintained on Friday, December 22 by Barclays Capital. The rating was maintained by KeyBanc Capital Markets on Monday, March 19 with “Overweight”. As per Monday, March 28, the company rating was maintained by JP Morgan. Barclays Capital maintained it with “Equal Weight” rating and $124 target in Thursday, December 22 report. The firm earned “Neutral” rating on Friday, June 24 by Credit Suisse. The firm earned “Hold” rating on Friday, March 24 by BMO Capital Markets. Goldman Sachs maintained the stock with “Sell” rating in Friday, June 23 report. The company was maintained on Tuesday, March 20 by Wedbush. The company was maintained on Monday, October 3 by Cantor Fitzgerald. The firm earned “Outperform” rating on Thursday, March 30 by Wedbush.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.07, from 1 in 2017Q3. It dropped, as 46 investors sold ACN shares while 393 reduced holdings. 108 funds opened positions while 300 raised stakes. 456.89 million shares or 1.00% less from 461.53 million shares in 2017Q3 were reported. Weitz Invest Incorporated has 0.73% invested in Accenture plc (NYSE:ACN) for 114,467 shares. Advisory Research invested in 0.49% or 194,375 shares. Midas Mgmt Corp has invested 1.22% in Accenture plc (NYSE:ACN). Incorporated Ca holds 18,600 shares or 0.42% of its portfolio. Quadrant Mgmt Lc reported 24,055 shares. Bedrijfstakpensioenfonds Voor De Media Pno accumulated 133,000 shares or 3.35% of the stock. Amer Investment Advisors Ltd Liability Corp has invested 0.18% in Accenture plc (NYSE:ACN). Bancorporation Of The West invested in 1,608 shares. Teachers Retirement Systems Of The State Of Kentucky has 91,400 shares for 0.16% of their portfolio. Amica Retiree Med Tru reported 0.45% in Accenture plc (NYSE:ACN). Van Hulzen Asset Llc has invested 0.69% of its portfolio in Accenture plc (NYSE:ACN). Weatherly Asset Mngmt LP accumulated 0.22% or 5,817 shares. Optimum Invest Advsr reported 2,224 shares stake. New Mexico Educational Retirement Board stated it has 0.34% in Accenture plc (NYSE:ACN). Pitcairn owns 0.03% invested in Accenture plc (NYSE:ACN) for 1,993 shares.

Analysts await Accenture plc (NYSE:ACN) to report earnings on June, 28. They expect $1.71 EPS, up 12.50% or $0.19 from last year’s $1.52 per share. ACN’s profit will be $1.10 billion for 22.28 P/E if the $1.71 EPS becomes a reality. After $1.58 actual EPS reported by Accenture plc for the previous quarter, Wall Street now forecasts 8.23% EPS growth.

Shapiro Capital Management Llc decreased Mosaic Co. (NYSE:MOS) stake by 336,052 shares to 5.95 million valued at $152.72B in 2017Q4. It also reduced Perkinelmer Inc. (NYSE:PKI) stake by 213,025 shares and now owns 388,539 shares. Urban Outfitters Inc. (NASDAQ:URBN) was reduced too.

Among 25 analysts covering AMC Networks (NASDAQ:AMCX), 8 have Buy rating, 2 Sell and 15 Hold. Therefore 32% are positive. AMC Networks had 65 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, August 5 by JP Morgan. On Tuesday, August 9 the stock rating was initiated by Loop Capital with “Hold”. As per Monday, October 26, the company rating was upgraded by Credit Agricole. The stock has “Hold” rating by Jefferies on Monday, July 11. UBS downgraded it to “Sell” rating and $57 target in Friday, July 15 report. Morgan Stanley maintained the shares of AMCX in report on Tuesday, October 31 with “Equal-Weight” rating. On Wednesday, December 7 the stock rating was downgraded by Moffett Nathanson to “Sell”. The firm has “Buy” rating by Evercore given on Thursday, September 24. The stock has “Overweight” rating by Pacific Crest on Sunday, August 9. The rating was maintained by Jefferies on Monday, October 16 with “Hold”.

Investors sentiment increased to 0.83 in 2017 Q4. Its up 0.05, from 0.78 in 2017Q3. It is positive, as 42 investors sold AMCX shares while 113 reduced holdings. 50 funds opened positions while 79 raised stakes. 53.51 million shares or 0.80% more from 53.08 million shares in 2017Q3 were reported. Ionic Management Ltd Liability Co invested in 10,000 shares. 10,339 are held by Amalgamated Bank. Cap One Natl Association holds 0.02% or 6,319 shares in its portfolio. 39,071 are owned by James Inv. Invesco Ltd holds 0% or 180,615 shares. Campbell & Co Invest Adviser Limited Liability owns 0.22% invested in AMC Networks Inc. (NASDAQ:AMCX) for 5,431 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt Corp invested in 24,000 shares. Paloma reported 0% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX). Raymond James And Assoc owns 170,169 shares. Swiss Bancorporation holds 0.01% or 88,700 shares in its portfolio. Seizert Capital Limited Company holds 0.04% or 19,513 shares. The Minnesota-based Tealwood Asset Mngmt has invested 0.29% in AMC Networks Inc. (NASDAQ:AMCX). Parkside National Bank & Trust And reported 5,594 shares stake. Tcw Grp stated it has 10,009 shares. Gabelli Funds Limited Liability Corporation stated it has 763,100 shares or 0.24% of all its holdings.

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