Institutional Investors Are Selling Sothebys (NYSE:BID)

October 2, 2018 - By Linda Rogers

Sotheby's (NYSE:BID) Logo

Sentiment for Sothebys (NYSE:BID)

Sothebys (NYSE:BID) institutional sentiment decreased to 0.93 in Q2 2018. Its down -0.06, from 0.99 in 2018Q1. The ratio has worsened, as 85 active investment managers increased and opened new holdings, while 91 sold and trimmed stakes in Sothebys. The active investment managers in our partner’s database now have: 44.29 million shares, down from 46.18 million shares in 2018Q1. Also, the number of active investment managers holding Sothebys in their top 10 holdings increased from 1 to 3 for an increase of 2. Sold All: 18 Reduced: 73 Increased: 56 New Position: 29.

SothebyÂ’s operates as an auctioneer of authenticated fine art, decorative art, jewelry, wine, and collectibles in the United States, the United Kingdom, China, France, Switzerland, and internationally. The company has market cap of $2.54 billion. The firm operates through two divisions, Agency and Finance. It has a 25.42 P/E ratio. The Agency segment accepts property on consignment; and matches buyers and sellers of authenticated fine art, decorative art, jewelry, wine, and collectibles through the auction or private sale process.

The stock increased 0.08% or $0.04 during the last trading session, reaching $49.29. About 35,771 shares traded. Sotheby's (NYSE:BID) has risen 10.77% since October 2, 2017 and is uptrending. It has underperformed by 4.85% the S&P500.

Analysts await Sotheby's (NYSE:BID) to report earnings on November, 2. They expect $-0.62 EPS, down 37.78 % or $0.17 from last year’s $-0.45 per share. After $1.09 actual EPS reported by Sotheby's for the previous quarter, Wall Street now forecasts -156.88 % negative EPS growth.

Paradice Investment Management Llc holds 4.25% of its portfolio in Sotheby's for 1.16 million shares. 13D Management Llc owns 214,633 shares or 2.97% of their US portfolio. Moreover, Rwc Asset Management Llp has 2.56% invested in the company for 943,102 shares. The New York-based Third Point Llc has invested 2.52% in the stock. Conestoga Capital Advisors Llc, a Pennsylvania-based fund reported 1.30 million shares.

Sotheby's (NYSE:BID) Institutional Positions Chart

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