As Check Point Software Technologies LTD (CHKP) Shares Rose, Shareholder Americafirst Capital Management Has Cut Its Stake; As Discovery (DISCA) Valuation Declined, Holder Loring Wolcott & Coolidge Fiduciary Advisors Llp Lifted Position

February 10, 2018 - By Linda Rogers

Americafirst Capital Management Llc decreased its stake in Check Point Software Technologies Ltd (CHKP) by 5.77% based on its latest 2017Q3 regulatory filing with the SEC. Americafirst Capital Management Llc sold 42 shares as the company’s stock rose 7.13% with the market. The institutional investor held 686 shares of the prepackaged software company at the end of 2017Q3, valued at $78.22M, down from 728 at the end of the previous reported quarter. Americafirst Capital Management Llc who had been investing in Check Point Software Technologies Ltd for a number of months, seems to be less bullish one the $15.99B market cap company. The stock decreased 0.37% or $0.36 during the last trading session, reaching $97.84. About 2.31 million shares traded or 62.63% up from the average. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has risen 31.64% since February 10, 2017 and is uptrending. It has outperformed by 14.94% the S&P500.

Loring Wolcott & Coolidge Fiduciary Advisors Llp increased its stake in Discovery (DISCA) by 5.92% based on its latest 2017Q3 regulatory filing with the SEC. Loring Wolcott & Coolidge Fiduciary Advisors Llp bought 102,889 shares as the company’s stock declined 9.80% while stock markets rallied. The institutional investor held 1.84 million shares of the consumer services company at the end of 2017Q3, valued at $39.21M, up from 1.74 million at the end of the previous reported quarter. Loring Wolcott & Coolidge Fiduciary Advisors Llp who had been investing in Discovery for a number of months, seems to be bullish on the $14.10B market cap company. The stock decreased 1.14% or $0.26 during the last trading session, reaching $22.61. About 6.93 million shares traded or 14.34% up from the average. Discovery Communications, Inc. (NASDAQ:DISCA) has declined 0.88% since February 10, 2017 and is downtrending. It has underperformed by 17.58% the S&P500.

Loring Wolcott & Coolidge Fiduciary Advisors Llp, which manages about $5.31 billion and $5.18 billion US Long portfolio, decreased its stake in Colgate Palmolive Co (NYSE:CL) by 6,123 shares to 1.53M shares, valued at $111.18M in 2017Q3, according to the filing. It also reduced its holding in Wells Fargo & Co (New) (NYSE:WFC) by 10,581 shares in the quarter, leaving it with 57,386 shares, and cut its stake in Coca (NYSE:KO).

Among 31 analysts covering Discovery Communications (NASDAQ:DISCA), 7 have Buy rating, 4 Sell and 20 Hold. Therefore 23% are positive. Discovery Communications had 90 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, August 14 by RBC Capital Markets. The rating was downgraded by Credit Suisse to “Underperform” on Tuesday, January 10. As per Tuesday, July 25, the company rating was maintained by Needham. The stock of Discovery Communications, Inc. (NASDAQ:DISCA) has “Buy” rating given on Thursday, December 21 by Bank of America. The company was maintained on Sunday, August 16 by Barclays Capital. B. Riley & Co maintained Discovery Communications, Inc. (NASDAQ:DISCA) rating on Wednesday, November 8. B. Riley & Co has “Neutral” rating and $19 target. The stock of Discovery Communications, Inc. (NASDAQ:DISCA) earned “Neutral” rating by M Partners on Friday, May 6. The rating was maintained by KeyBanc Capital Markets on Friday, August 25 with “Hold”. The firm earned “Buy” rating on Tuesday, January 2 by Barrington. Jefferies maintained Discovery Communications, Inc. (NASDAQ:DISCA) on Wednesday, June 14 with “Hold” rating.

Since December 13, 2017, it had 3 insider purchases, and 1 sale for $10.39 million activity. Campbell Bruce also sold $55,349 worth of Discovery Communications, Inc. (NASDAQ:DISCA) on Wednesday, December 13. WARGO J DAVID bought 100,000 shares worth $1.86 million.

Investors sentiment increased to 0.92 in Q3 2017. Its up 0.10, from 0.82 in 2017Q2. It improved, as 65 investors sold DISCA shares while 163 reduced holdings. 57 funds opened positions while 152 raised stakes. 204.44 million shares or 4.84% more from 195.01 million shares in 2017Q2 were reported. Northern Tru invested in 0.01% or 2.44M shares. At Bankshares invested in 0.04% or 16,983 shares. Credit Suisse Ag has 0.01% invested in Discovery Communications, Inc. (NASDAQ:DISCA). Two Sigma Securities Ltd reported 15,132 shares or 0.03% of all its holdings. Bartlett Com Ltd Llc, a Ohio-based fund reported 6,406 shares. Fic Capital reported 25,981 shares or 0.2% of all its holdings. Cap Glob holds 0% or 344,000 shares in its portfolio. Swarthmore Group holds 0.09% or 18,050 shares in its portfolio. Bridgeway Cap Management holds 95,400 shares or 0.02% of its portfolio. Cambridge Inv Research Advisors Inc holds 0% or 10,249 shares. Landscape Mngmt Limited Liability Com reported 22,451 shares. California Pub Employees Retirement System reported 708,667 shares. Balyasny Asset Mgmt Ltd Llc has 219,922 shares. Moreover, Renaissance Technology has 0.04% invested in Discovery Communications, Inc. (NASDAQ:DISCA) for 1.75 million shares. Guggenheim Llc holds 0.06% in Discovery Communications, Inc. (NASDAQ:DISCA) or 1.16 million shares.

Americafirst Capital Management Llc, which manages about $159.21 million and $74.03B US Long portfolio, upped its stake in General Mills Inc. (NYSE:GIS) by 2,786 shares to 5,629 shares, valued at $291.36M in 2017Q3, according to the filing. It also increased its holding in Procter & Gamble Company (NYSE:PG) by 2,752 shares in the quarter, for a total of 8,746 shares, and has risen its stake in Tyson Foods Inc. (NYSE:TSN).

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By1 Linda Rogers

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