Crown Castle Intl New (CCI) Shareholder Cibc Asset Management Has Raised Stake by $431,739; Alta Advisers LTD Has Lowered Holding in Baidu (BIDU) as Stock Price Rose

February 20, 2018 - By wolcottdaily

Cibc Asset Management Inc increased its stake in Crown Castle Intl Corp New (CCI) by 5.22% based on its latest 2017Q3 regulatory filing with the SEC. Cibc Asset Management Inc bought 4,361 shares as the company’s stock rose 11.44% with the market. The institutional investor held 87,908 shares of the real estate investment trusts company at the end of 2017Q3, valued at $8.79 million, up from 83,547 at the end of the previous reported quarter. Cibc Asset Management Inc who had been investing in Crown Castle Intl Corp New for a number of months, seems to be bullish on the $44.35 billion market cap company. The stock increased 0.03% or $0.03 during the last trading session, reaching $109.15. About 1.32M shares traded. Crown Castle International Corp. (NYSE:CCI) has risen 11.07% since February 20, 2017 and is uptrending. It has underperformed by 5.63% the S&P500.

Alta Advisers Ltd decreased its stake in Baidu Inc (BIDU) by 70.31% based on its latest 2017Q3 regulatory filing with the SEC. Alta Advisers Ltd sold 9,000 shares as the company’s stock rose 1.94% with the market. The institutional investor held 3,800 shares of the technology company at the end of 2017Q3, valued at $941,000, down from 12,800 at the end of the previous reported quarter. Alta Advisers Ltd who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $85.98 billion market cap company. The stock increased 0.91% or $2.23 during the last trading session, reaching $246.95. About 1.56 million shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since February 20, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 9 have Buy rating, 3 Sell and 12 Hold. Therefore 38% are positive. Baidu had 61 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, July 31 by Nomura. As per Monday, August 3, the company rating was maintained by Oppenheimer. The stock has “Buy” rating by Jefferies on Friday, July 28. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Neutral” rating by Credit Suisse on Friday, October 28. The company was downgraded on Tuesday, July 28 by KeyBanc Capital Markets. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Buy” rating given on Monday, September 18 by Bank of America. The rating was downgraded by Daiwa Securities to “Underperform” on Wednesday, October 7. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Hold” rating given on Wednesday, February 14 by Jefferies. Pacific Crest downgraded the shares of BIDU in report on Tuesday, July 28 to “Sector Weight” rating. The rating was maintained by Jefferies on Tuesday, October 3 with “Buy”.

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on February, 22. They expect $1.66 earnings per share, up 3.75% or $0.06 from last year’s $1.6 per share. BIDU’s profit will be $577.95M for 37.19 P/E if the $1.66 EPS becomes a reality. After $3.62 actual earnings per share reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -54.14% negative EPS growth.

Cibc Asset Management Inc, which manages about $15.98B US Long portfolio, decreased its stake in Bank Amer Corp (NYSE:BAC) by 17,324 shares to 1.06M shares, valued at $26.96M in 2017Q3, according to the filing. It also reduced its holding in Gildan Activewear Inc (NYSE:GIL) by 881,830 shares in the quarter, leaving it with 2.61M shares, and cut its stake in Jones Lang Lasalle Inc (NYSE:JLL).

Investors sentiment increased to 1.58 in Q3 2017. Its up 0.27, from 1.31 in 2017Q2. It improved, as 46 investors sold CCI shares while 172 reduced holdings. 72 funds opened positions while 272 raised stakes. 377.71 million shares or 14.61% more from 329.57 million shares in 2017Q2 were reported. Veritable Limited Partnership reported 0.02% of its portfolio in Crown Castle International Corp. (NYSE:REIT). Sumitomo Mitsui Asset Communication Limited reported 0.2% in Crown Castle International Corp. (NYSE:REIT). Tnb reported 2,098 shares stake. Moody Bank & Trust Tru Division holds 5,640 shares or 0.03% of its portfolio. Tarbox Family Office Inc reported 201 shares or 0.01% of all its holdings. Moreover, Sumitomo Mitsui Tru Hldgs has 0.15% invested in Crown Castle International Corp. (NYSE:REIT) for 1.09M shares. Cue Group holds 10,696 shares or 0.74% of its portfolio. 27,335 are held by First Amer State Bank. Magnetar Fin Llc has invested 0.05% in Crown Castle International Corp. (NYSE:REIT). American Asset Mgmt, a Florida-based fund reported 7,566 shares. Deutsche National Bank & Trust Ag has invested 0.53% of its portfolio in Crown Castle International Corp. (NYSE:REIT). Colony Grp Inc Limited Liability reported 0.78% in Crown Castle International Corp. (NYSE:REIT). British Columbia Invest invested in 197,078 shares. Services Automobile Association reported 144,614 shares or 0.04% of all its holdings. Tealwood Asset Incorporated holds 38,514 shares.

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