White Elm Capital Has Cut Mastercard (MA) Stake; Emmis Communications Class A (EMMS) Shorts Increased By 35.21%

October 6, 2017 - By Vivian Currie

White Elm Capital Llc decreased Mastercard Incorporated (MA) stake by 6.13% reported in 2017Q2 SEC filing. White Elm Capital Llc sold 11,700 shares as Mastercard Incorporated (MA)’s stock rose 7.46%. The White Elm Capital Llc holds 179,160 shares with $21.76M value, down from 190,860 last quarter. Mastercard Incorporated now has $152.49B valuation. The stock declined 0.38% or $0.55 reaching $143.2 per share. About 1.40 million shares traded. Mastercard Inc (NYSE:MA) has risen 24.16% since October 6, 2016 and is uptrending. It has outperformed by 7.46% the S&P500.

Emmis Communications Corporation Class A (NASDAQ:EMMS) had an increase of 35.21% in short interest. EMMS’s SI was 19,200 shares in October as released by FINRA. Its up 35.21% from 14,200 shares previously. With 8,600 avg volume, 2 days are for Emmis Communications Corporation Class A (NASDAQ:EMMS)’s short sellers to cover EMMS’s short positions. The SI to Emmis Communications Corporation Class A’s float is 0.22%. About 78,188 shares traded or 60.75% up from the average. Emmis Communications Corporation (NASDAQ:EMMS) has risen 40.65% since October 6, 2016 and is uptrending. It has outperformed by 23.95% the S&P500.

Emmis Communications Corporation is a media company, which focuses on radio broadcasting. The company has market cap of $42.96 million. The Firm operates through three business divisions: Radio, Publishing, and Corporate & Emerging Technologies. It has a 4.23 P/E ratio. As of February 29, 2016, the Company owned 19 frequency modulation and four amplitude modulation (AM) radio stations in New York, Los Angeles, St.

Since May 3, 2017, it had 0 insider buys, and 1 insider sale for $18.97 million activity. BANGA AJAY also sold $18.97M worth of Mastercard Inc (NYSE:MA) on Wednesday, May 3.

Analysts await Mastercard Inc (NYSE:MA) to report earnings on October, 27. They expect $1.22 EPS, up 12.96% or $0.14 from last year’s $1.08 per share. MA’s profit will be $1.30B for 29.34 P/E if the $1.22 EPS becomes a reality. After $1.10 actual EPS reported by Mastercard Inc for the previous quarter, Wall Street now forecasts 10.91% EPS growth.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.06, from 0.94 in 2017Q1. It fall, as 48 investors sold MA shares while 480 reduced holdings. 108 funds opened positions while 357 raised stakes. 790.40 million shares or 0.23% less from 792.22 million shares in 2017Q1 were reported. Shell Asset Mngmt holds 0.78% in Mastercard Inc (NYSE:MA) or 257,616 shares. Wendell David Associate reported 4.08% stake. Hermes Limited accumulated 0.03% or 15,509 shares. Fcm Invests Tx reported 0.18% stake. Moreover, Btg Pactual Asset Mngmt has 0.49% invested in Mastercard Inc (NYSE:MA) for 13,917 shares. Weatherstone has invested 0.65% of its portfolio in Mastercard Inc (NYSE:MA). Karp Mngmt holds 0.53% or 8,830 shares. Bailard Inc reported 2,217 shares. Gratry And Ltd Liability, Ohio-based fund reported 2,995 shares. Sather Fincl Grp Inc has 59,274 shares for 2.08% of their portfolio. Shelton Cap Management holds 15,325 shares or 0.13% of its portfolio. Spirit Of America Management New York reported 6,900 shares or 0.09% of all its holdings. Douglass Winthrop Advisors Ltd Limited Liability Company reported 473,775 shares. Moreover, Greenwood Ltd Limited Liability Company has 1.27% invested in Mastercard Inc (NYSE:MA). Eagle Asset reported 0% of its portfolio in Mastercard Inc (NYSE:MA).

White Elm Capital Llc increased Vail Resorts Inc (NYSE:MTN) stake by 18,392 shares to 56,092 valued at $11.38M in 2017Q2. It also upped Fleetcor Technologies Inc (NYSE:FLT) stake by 34,300 shares and now owns 217,869 shares. Athene Hldg Ltd was raised too.

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