Todd Asset Management Has Trimmed Its Stake in Yy Ads (YY) as Stock Value Declined; Nantahala Capital Management Lifted Its Global Eagle Entmt (ENT) Position by $2.35 Million as Share Price Declined

May 13, 2018 - By Stephen Andrade

Global Eagle Entertainment Inc. (NASDAQ:ENT) Logo

Todd Asset Management Llc decreased its stake in Yy Inc Ads (YY) by 2.72% based on its latest 2017Q4 regulatory filing with the SEC. Todd Asset Management Llc sold 5,431 shares as the company’s stock declined 9.91% with the market. The institutional investor held 194,537 shares of the edp services company at the end of 2017Q4, valued at $21.99M, down from 199,968 at the end of the previous reported quarter. Todd Asset Management Llc who had been investing in Yy Inc Ads for a number of months, seems to be less bullish one the $6.48 billion market cap company. The stock decreased 1.15% or $1.19 during the last trading session, reaching $102.56. About 1.94 million shares traded or 7.60% up from the average. YY Inc. (NASDAQ:YY) has risen 125.46% since May 13, 2017 and is uptrending. It has outperformed by 113.91% the S&P500.

Wilmot B. Harkey increased its stake in Global Eagle Entmt Inc (ENT) by 15.58% based on its latest 2017Q4 regulatory filing with the SEC. Nantahala Capital Management Llc bought 1.17M shares as the company’s stock declined 41.04% with the market. The hedge fund run by Wilmot B. Harkey held 8.70M shares of the telecommunications equipment company at the end of 2017Q4, valued at $19.93 million, up from 7.53 million at the end of the previous reported quarter. Nantahala Capital Management Llc who had been investing in Global Eagle Entmt Inc for a number of months, seems to be bullish on the $100.03M market cap company. The stock increased 0.92% or $0.01 during the last trading session, reaching $1.1. About 167,019 shares traded. Global Eagle Entertainment Inc. (NASDAQ:ENT) has declined 52.72% since May 13, 2017 and is downtrending. It has underperformed by 64.27% the S&P500.

Investors sentiment decreased to 0.71 in 2017 Q4. Its down 0.90, from 1.61 in 2017Q3. It turned negative, as 16 investors sold ENT shares while 25 reduced holdings. 12 funds opened positions while 17 raised stakes. 76.15 million shares or 2.52% less from 78.12 million shares in 2017Q3 were reported. Blackrock owns 3.09 million shares. Bnp Paribas Arbitrage Sa reported 0% stake. Sei Investments holds 0% of its portfolio in Global Eagle Entertainment Inc. (NASDAQ:ENT) for 274 shares. Dimensional Fund Advisors Lp has 0% invested in Global Eagle Entertainment Inc. (NASDAQ:ENT) for 387,426 shares. Cwm Limited Liability Corp has invested 0.08% in Global Eagle Entertainment Inc. (NASDAQ:ENT). Tower Research Cap Ltd Liability (Trc) owns 15,211 shares. 8.06M are owned by Frontier Cap Mngmt Com Limited Liability. Brown Advisory reported 4.11M shares. First Mercantile owns 45,648 shares for 0.02% of their portfolio. Credit Suisse Ag has 0% invested in Global Eagle Entertainment Inc. (NASDAQ:ENT). Franklin Res has 2.21M shares for 0% of their portfolio. Rhumbline Advisers reported 0% stake. 2.39M are owned by Prescott Gp Cap Management Ltd Liability Com. Bancorporation Of Montreal Can, Ontario – Canada-based fund reported 2,037 shares. Schwab Charles Investment Mgmt holds 254,962 shares.

Among 7 analysts covering Global Eagle Entertainment (NASDAQ:ENT), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Global Eagle Entertainment had 14 analyst reports since October 8, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, July 20 by Citigroup. The firm has “Hold” rating by Needham given on Tuesday, September 19. The stock of Global Eagle Entertainment Inc. (NASDAQ:ENT) earned “Buy” rating by Dougherty & Company on Monday, January 9. On Monday, March 5 the stock rating was maintained by Citigroup with “Sell”. As per Tuesday, February 21, the company rating was downgraded by Piper Jaffray. Citigroup downgraded Global Eagle Entertainment Inc. (NASDAQ:ENT) rating on Thursday, October 26. Citigroup has “Sell” rating and $2.0 target. The company was initiated on Wednesday, January 25 by Guggenheim. The firm has “Buy” rating given on Thursday, October 8 by Evercore. The rating was initiated by Needham on Tuesday, October 27 with “Hold”. The rating was initiated by Northland Capital with “Outperform” on Friday, January 13.

Since February 22, 2018, it had 0 buys, and 6 insider sales for $298,319 activity.

Nantahala Capital Management Llc, which manages about $614.40M and $2.25B US Long portfolio, decreased its stake in Rh (Call) by 312,400 shares to 887,600 shares, valued at $76.52M in 2017Q4, according to the filing. It also reduced its holding in Spdr S&P 500 Etf Tr (Put) (SPY) by 200,000 shares in the quarter, leaving it with 400,000 shares, and cut its stake in Uniqure Nv (Call) (NASDAQ:QURE).

More recent Global Eagle Entertainment Inc. (NASDAQ:ENT) news were published by: Digitaljournal.com which released: “NASDAQ:ENT Long Term Investor Alert: Investigation of Potential Wrongdoing by Global Eagle Entertainment Inc” on May 10, 2018. Also Nasdaq.com published the news titled: “Global Eagle Entertainment Inc. Schedules Webcast to Discuss Financial Results for the First Quarter of 2018” on May 09, 2018. Businesswire.com‘s news article titled: “Bragar Eagel & Squire, PC is Investigating Global Eagle Entertainment Inc. (ENT) for Possible Breaches of Fiduciary …” with publication date: April 30, 2018 was also an interesting one.

Todd Asset Management Llc, which manages about $3.59 billion and $3.70 billion US Long portfolio, upped its stake in United Healthcare Corp (NYSE:UNH) by 62,083 shares to 351,587 shares, valued at $77.51 million in 2017Q4, according to the filing. It also increased its holding in Oshkosh Corporation (NYSE:OSK) by 15,724 shares in the quarter, for a total of 317,478 shares, and has risen its stake in Mitsubishi Ufj Finl Group Adr (NYSE:MTU).

Among 14 analysts covering YY Inc (NASDAQ:YY), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. YY Inc had 24 analyst reports since August 17, 2015 according to SRatingsIntel. The stock of YY Inc. (NASDAQ:YY) earned “Hold” rating by Jefferies on Monday, July 17. The stock of YY Inc. (NASDAQ:YY) earned “Buy” rating by Instinet on Thursday, January 18. The stock of YY Inc. (NASDAQ:YY) earned “Overweight” rating by JP Morgan on Thursday, November 16. As per Monday, November 28, the company rating was initiated by Bank of America. The stock of YY Inc. (NASDAQ:YY) earned “Overweight” rating by Piper Jaffray on Friday, August 14. The firm has “Buy” rating by Bank of America given on Tuesday, July 4. The rating was upgraded by Nomura on Wednesday, January 17 to “Buy”. On Monday, August 17 the stock rating was downgraded by Pacific Crest to “Sector Weight”. On Monday, October 31 the stock rating was initiated by HSBC with “Buy”. Jefferies maintained the shares of YY in report on Tuesday, October 3 with “Hold” rating.

More notable recent YY Inc. (NASDAQ:YY) news were published by: Seekingalpha.com which released: “YY: Here’s Another Why” on April 25, 2018, also Seekingalpha.com with their article: “Coming To America – China IPO’s” published on April 30, 2018, Nasdaq.com published: “YY Filed 2017 Annual Report on Form 20-F” on April 26, 2018. More interesting news about YY Inc. (NASDAQ:YY) were released by: Nasdaq.com and their article: “YY Announces Pricing of Initial Public Offering of HUYA Inc.” published on May 11, 2018 as well as Seekingalpha.com‘s news article titled: “This Chinese Social Media Company Deserves A Double Like” with publication date: April 19, 2018.

Global Eagle Entertainment Inc. (NASDAQ:ENT) Institutional Positions Chart

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By1 Stephen Andrade

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