Twinbeech Capital LP Has $21.75 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Twinbeech Capital LP increased its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 4,045.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 579,491 shares of the cable giant's stock after purchasing an additional 565,513 shares during the quarter. Twinbeech Capital LP's holdings in Comcast were worth $21,748,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Promus Capital LLC bought a new position in Comcast during the fourth quarter worth about $25,000. Roxbury Financial LLC bought a new position in Comcast during the fourth quarter worth about $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast during the fourth quarter worth about $28,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Comcast during the fourth quarter worth about $36,000. Finally, OFI Invest Asset Management bought a new position in Comcast during the fourth quarter worth about $37,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent analyst reports. Sanford C. Bernstein set a $38.00 target price on Comcast in a report on Friday, January 31st. Scotiabank restated a "sector perform" rating and set a $44.50 target price (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. Barclays reduced their target price on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Rosenblatt Securities reiterated a "neutral" rating and set a $36.00 price objective on shares of Comcast in a report on Monday, April 28th. Finally, The Goldman Sachs Group cut their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Stock Up 0.4%

NASDAQ:CMCSA opened at $35.48 on Monday. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The firm has a market capitalization of $132.47 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock's 50 day moving average price is $34.88 and its two-hundred day moving average price is $37.25.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The business's revenue was down .6% compared to the same quarter last year. Equities research analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.

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