As Cdn Imperial Bk Comm Toronto (CM) Stock Declined, Shareholder Addenda Capital Has Boosted Its Position; As Liberty Global Plc (LBTYK) Shares Declined, Shareholder Adelphi Capital Llp Increased Stake

April 24, 2018 - By wolcottdaily

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Adelphi Capital Llp increased its stake in Liberty Global Plc (LBTYK) by 2.18% based on its latest 2017Q4 regulatory filing with the SEC. Adelphi Capital Llp bought 73,703 shares as the company’s stock declined 7.44% with the market. The institutional investor held 3.46 million shares of the television services company at the end of 2017Q4, valued at $117.15M, up from 3.39M at the end of the previous reported quarter. Adelphi Capital Llp who had been investing in Liberty Global Plc for a number of months, seems to be bullish on the $25.91B market cap company. The stock increased 4.43% or $1.35 during the last trading session, reaching $31.8. About 5.29M shares traded or 69.06% up from the average. Liberty Global plc (NASDAQ:LBTYK) has declined 10.09% since April 24, 2017 and is downtrending. It has underperformed by 21.64% the S&P500.

Addenda Capital Inc increased its stake in Cdn Imperial Bk Comm Toronto (CM) by 16.58% based on its latest 2017Q4 regulatory filing with the SEC. Addenda Capital Inc bought 6,210 shares as the company’s stock declined 9.42% with the market. The institutional investor held 43,670 shares of the commercial banks company at the end of 2017Q4, valued at $4.32 million, up from 37,460 at the end of the previous reported quarter. Addenda Capital Inc who had been investing in Cdn Imperial Bk Comm Toronto for a number of months, seems to be bullish on the $36.84 billion market cap company. The stock decreased 0.42% or $0.36 during the last trading session, reaching $86.18. About 345,044 shares traded. Canadian Imperial Bank of Commerce (NYSE:CM) has risen 0.83% since April 24, 2017 and is uptrending. It has underperformed by 10.72% the S&P500.

Among 15 analysts covering Canadian Imperial Bank Of Commerce (NYSE:CM), 6 have Buy rating, 2 Sell and 7 Hold. Therefore 40% are positive. Canadian Imperial Bank Of Commerce had 29 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Canadian Imperial Bank of Commerce (NYSE:CM) has “Strong Sell” rating given on Tuesday, September 1 by Zacks. The rating was maintained by Canaccord Genuity on Thursday, August 24 with “Buy”. The stock of Canadian Imperial Bank of Commerce (NYSE:CM) has “Mkt Perform” rating given on Friday, February 24 by Keefe Bruyette & Woods. As per Tuesday, December 19, the company rating was upgraded by Barclays Capital. The firm earned “Outperform” rating on Friday, December 1 by Credit Suisse. The company was maintained on Friday, August 26 by RBC Capital Markets. The rating was upgraded by Zacks on Monday, September 21 to “Hold”. The rating was upgraded by TD Securities to “Buy” on Wednesday, September 6. The stock has “Underperform” rating by Bank of America on Tuesday, November 1. The rating was maintained by BMO Capital Markets with “Market Perform” on Friday, August 26.

Addenda Capital Inc, which manages about $22.35B and $1.45 billion US Long portfolio, decreased its stake in Intuit (NASDAQ:INTU) by 2,485 shares to 35,732 shares, valued at $5.64M in 2017Q4, according to the filing. It also reduced its holding in Jpmorgan Chase & Co (NYSE:JPM) by 5,422 shares in the quarter, leaving it with 79,664 shares, and cut its stake in Rogers Communications Inc (NYSE:RCI).

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