Suncor Energy New (SU) Shareholder Pinnacle Associates LTD Boosted Its Position by $336,000; As Activision Blizzard (ATVI) Valuation Rose, Shareholder Skytop Capital Management Has Lowered Its Stake by $2.24 Million

February 15, 2018 - By Hazel Jackson

Dan Sobol decreased its stake in Activision Blizzard Inc (ATVI) by 25.93% based on its latest 2017Q3 regulatory filing with the SEC. Skytop Capital Management Llc sold 35,000 shares as the company’s stock rose 23.27% with the market. The hedge fund run by Dan Sobol held 100,000 shares of the technology company at the end of 2017Q3, valued at $6.45M, down from 135,000 at the end of the previous reported quarter. Skytop Capital Management Llc who had been investing in Activision Blizzard Inc for a number of months, seems to be less bullish one the $52.66B market cap company. The stock increased 2.38% or $1.62 during the last trading session, reaching $69.65. About 7.20M shares traded or 17.43% up from the average. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 47.83% since February 15, 2017 and is uptrending. It has outperformed by 31.13% the S&P500.

Pinnacle Associates Ltd increased its stake in Suncor Energy Inc New (SU) by 18.21% based on its latest 2017Q3 regulatory filing with the SEC. Pinnacle Associates Ltd bought 9,600 shares as the company’s stock declined 0.40% while stock markets rallied. The institutional investor held 62,321 shares of the integrated oil company at the end of 2017Q3, valued at $2.18M, up from 52,721 at the end of the previous reported quarter. Pinnacle Associates Ltd who had been investing in Suncor Energy Inc New for a number of months, seems to be bullish on the $55.28 billion market cap company. The stock increased 1.46% or $0.49 during the last trading session, reaching $33.99. About 4.12 million shares traded or 31.79% up from the average. Suncor Energy Inc. (NYSE:SU) has risen 22.43% since February 15, 2017 and is uptrending. It has outperformed by 5.73% the S&P500.

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.23, from 1.15 in 2017Q2. It is positive, as 37 investors sold ATVI shares while 205 reduced holdings. 93 funds opened positions while 240 raised stakes. 639.82 million shares or 0.01% less from 639.89 million shares in 2017Q2 were reported. Kbc Grp Inc Nv has 277,489 shares. Glg Limited Co stated it has 0.16% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). X Mgmt Company Llc stated it has 5,392 shares. Kentucky Retirement Insurance Trust Fund owns 18,334 shares. Zacks Inv Mgmt invested in 167,308 shares. Livforsakringsbolaget Skandia Omsesidigt has invested 0.08% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Dnb Asset Mngmt As owns 0.07% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 77,953 shares. 4,800 were reported by Ellington Limited Com. Wolverine Asset Management Ltd Liability Co accumulated 33,899 shares. Comerica Bancorp holds 0.1% or 206,933 shares. Mirae Asset Global Invests reported 0.11% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Ruggie Capital Gp has invested 0% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). First Interstate Bancorporation stated it has 307 shares or 0% of all its holdings. 6,479 were reported by Farmers Tru. Korea Investment, a Korea-based fund reported 1.06M shares.

Skytop Capital Management Llc, which manages about $345.70 million and $117.10M US Long portfolio, upped its stake in Nxp Semiconductors N V (NASDAQ:NXPI) by 42,535 shares to 135,100 shares, valued at $15.28 million in 2017Q3, according to the filing.

Among 30 analysts covering Activision Blizzard (NASDAQ:ATVI), 24 have Buy rating, 0 Sell and 6 Hold. Therefore 80% are positive. Activision Blizzard had 130 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by Cowen & Co given on Monday, July 10. The stock has “Buy” rating by UBS on Friday, May 6. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Overweight” rating given on Thursday, March 17 by Barclays Capital. The company was maintained on Monday, September 28 by Piper Jaffray. Robert W. Baird maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Wednesday, August 23 with “Buy” rating. Jefferies maintained the shares of ATVI in report on Wednesday, August 5 with “Buy” rating. The stock has “Long-Term Buy” rating by Hilliard Lyons on Wednesday, March 30. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) earned “Buy” rating by Stifel Nicolaus on Thursday, August 6. The company was maintained on Thursday, February 1 by Stifel Nicolaus. The firm earned “Outperform” rating on Monday, January 25 by Credit Suisse.

Among 15 analysts covering Suncor Energy Inc. (NYSE:SU), 14 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Suncor Energy Inc. had 30 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Morgan Stanley on Wednesday, November 2. Citigroup downgraded the stock to “Neutral” rating in Wednesday, April 20 report. The firm has “Buy” rating by Piper Jaffray given on Thursday, January 11. The stock has “Hold” rating by TD Securities on Thursday, November 16. The stock has “Buy” rating by Edward Jones on Tuesday, November 21. The stock of Suncor Energy Inc. (NYSE:SU) has “Buy” rating given on Thursday, June 23 by Citigroup. The stock of Suncor Energy Inc. (NYSE:SU) has “Overweight” rating given on Friday, February 9 by JP Morgan. Bank of America initiated the shares of SU in report on Friday, August 19 with “Buy” rating. Macquarie Research downgraded the shares of SU in report on Tuesday, January 24 to “Neutral” rating. The rating was initiated by JP Morgan with “Neutral” on Tuesday, March 22.

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By1 Hazel Jackson

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