Tremblant Capital Group Holds Holding in Cbs Corp New (CBS)

October 2, 2018 - By Adrian Mccoy

CBS Corporation (NYSE:CBS) LogoInvestors sentiment increased to 0.89 in 2018 Q2. Its up 0.21, from 0.68 in 2018Q1. It is positive, as 52 investors sold CBS shares while 206 reduced holdings. 74 funds opened positions while 156 raised stakes. 211.00 million shares or 3.54% less from 218.74 million shares in 2018Q1 were reported. Scotia Cap holds 0% or 6,461 shares. Raymond James Services Advsr owns 14,866 shares for 0% of their portfolio. Baystate Wealth Management Lc has invested 0% of its portfolio in CBS Corporation (NYSE:CBS). Ltd Ca holds 13,196 shares. Cs Mckee LP holds 108,755 shares. Whitnell & Company has 0% invested in CBS Corporation (NYSE:CBS) for 217 shares. Covington Management holds 0% or 1,000 shares in its portfolio. Inverness Counsel Ltd Liability Corp New York has 80,769 shares for 0.26% of their portfolio. Kings Point holds 742 shares or 0.01% of its portfolio. Ls Inv Advisors Lc has invested 0.03% of its portfolio in CBS Corporation (NYSE:CBS). The Connecticut-based Gilman Hill Asset Mngmt Limited Liability Company has invested 0.14% in CBS Corporation (NYSE:CBS). Connecticut-based Bridgewater Associate Lp has invested 0.07% in CBS Corporation (NYSE:CBS). Cornerstone Inc invested 0.01% in CBS Corporation (NYSE:CBS). Silvercrest Asset Management Gp Ltd Liability Corp stated it has 3,993 shares or 0% of all its holdings. Price T Rowe Md reported 0.01% stake.

Since April 11, 2018, it had 0 insider buys, and 11 selling transactions for $32.32 million activity. Shares for $878,521 were sold by Ambrosio Anthony G. $4.28M worth of CBS Corporation (NYSE:CBS) was sold by MOONVES LESLIE on Thursday, April 12. Tu Lawrence sold 19,556 shares worth $1.10M. $510,545 worth of CBS Corporation (NYSE:CBS) was sold by Anschell Jonathan on Friday, May 25. 50,000 shares were sold by Ianniello Joseph R, worth $2.82 million on Monday, June 18.

Tremblant Capital Group increased its stake in Cbs Corp New (CBS) by 125.28% based on its latest 2018Q2 regulatory filing with the SEC. Tremblant Capital Group bought 1.57 million shares as the company’s stock rose 1.62% with the market. The hedge fund held 2.82M shares of the broadcasting company at the end of 2018Q2, valued at $158.73 million, up from 1.25M at the end of the previous reported quarter. Tremblant Capital Group who had been investing in Cbs Corp New for a number of months, seems to be bullish on the $21.23B market cap company. The stock increased 1.16% or $0.645 during the last trading session, reaching $56.405. About 1.59 million shares traded. CBS Corporation (NYSE:CBS) has declined 6.26% since October 2, 2017 and is downtrending. It has underperformed by 21.88% the S&P500.

Tremblant Capital Group, which manages about $3.75B and $1.70B US Long portfolio, decreased its stake in Anheuser Busch Inbev Sa/Nv (NYSE:BUD) by 184,661 shares to 166,380 shares, valued at $16.76M in 2018Q2, according to the filing. It also reduced its holding in Tim Participacoes S A (NYSE:TSU) by 397,640 shares in the quarter, leaving it with 1.55M shares, and cut its stake in Mondelez Intl Inc (NASDAQ:MDLZ).

More important recent CBS Corporation (NYSE:CBS) news were published by: Bizjournals.com which released: “Ebersol says upstart football league will showcase technology” on October 02, 2018, also Bizjournals.com published article titled: “CBS confirms its commitment to sports following departure of Moonves”, Digitaljournal.com published: “NYSE:CBS Investor Alert: Deadline Upcoming on October 26, 2018 in Lawsuit Against CBS Corporation” on September 28, 2018. More interesting news about CBS Corporation (NYSE:CBS) was released by: Seekingalpha.com and their article: “CBS gets subpoenas on Moonves, related matters” with publication date: September 28, 2018.

CBS Corporation (NYSE:CBS) Ratings Coverage

Among 11 analysts covering CBS Corp (NYSE:CBS), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. CBS Corp had 12 analyst reports since April 3, 2018 according to SRatingsIntel. As per Monday, May 21, the company rating was upgraded by Bernstein. The stock of CBS Corporation (NYSE:CBS) has “Buy” rating given on Wednesday, April 25 by BMO Capital Markets. Bernstein upgraded the shares of CBS in report on Tuesday, May 15 to “Outperform” rating. Bank of America downgraded the stock to “Neutral” rating in Thursday, May 17 report. The rating was maintained by KeyBanc Capital Markets on Tuesday, April 3 with “Hold”. On Tuesday, August 7 the stock rating was downgraded by Argus Research to “Hold”. The stock has “Market Perform” rating by Cowen & Co on Tuesday, July 31. The firm has “Hold” rating given on Friday, May 4 by Wells Fargo. UBS downgraded it to “Neutral” rating and $60 target in Tuesday, September 11 report.

CBS Corporation (NYSE:CBS) Institutional Positions Chart

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