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Skytop Capital Management Has Lowered Holding in Activision Blizzard (ATVI) as Valuation Rose; Horan Capital Advisors Lifted Its Holding in Cinemark Holdings (CNK) as Share Price Declined

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 $53.36B market cap company. The stock increased 1.10% or $0.77 during the last trading session, reaching $70.57. About 5.21 million shares traded. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 47.83% since January 21, 2017 and is uptrending. It has outperformed by 31.13% the S&P500.

Horan Capital Advisors Llc increased its stake in Cinemark Holdings Inc (CNK) by 59.88% based on its latest 2017Q3 regulatory filing with the SEC. Horan Capital Advisors Llc bought 32,014 shares as the company’s stock declined 4.81% while stock markets rallied. The institutional investor held 85,475 shares of the movies and entertainment company at the end of 2017Q3, valued at $3.10 million, up from 53,461 at the end of the previous reported quarter. Horan Capital Advisors Llc who had been investing in Cinemark Holdings Inc for a number of months, seems to be bullish on the $4.06B market cap company. The stock increased 1.16% or $0.4 during the last trading session, reaching $34.83. About 777,189 shares traded. Cinemark Holdings, Inc. (NYSE:CNK) has risen 15.13% since January 21, 2017 and is uptrending. It has underperformed by 1.57% the S&P500.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.15, from 1.07 in 2017Q2. It dived, as 42 investors sold CNK shares while 87 reduced holdings. 37 funds opened positions while 82 raised stakes. 109.53 million shares or 5.25% more from 104.06 million shares in 2017Q2 were reported. Mawer Limited accumulated 2.89M shares or 0.89% of the stock. New York State Teachers Retirement Sys invested 0.01% in Cinemark Holdings, Inc. (NYSE:CNK). First Quadrant Limited Partnership Ca holds 0.11% or 150,550 shares. Dimensional Fund Advisors Limited Partnership accumulated 1.33M shares. Anchor Capital Advsrs Limited Com reported 899,950 shares. Prudential holds 0% or 74,673 shares in its portfolio. Geode Capital Management owns 880,440 shares or 0.01% of their US portfolio. Goldman Sachs Group Inc Inc holds 0.01% or 1.26 million shares. Bnp Paribas Arbitrage Sa invested 0% of its portfolio in Cinemark Holdings, Inc. (NYSE:CNK). Macquarie Gru reported 0.09% stake. New Jersey-based Lord Abbett & Lc has invested 0.02% in Cinemark Holdings, Inc. (NYSE:CNK). New York-based Mutual Of America Ltd has invested 0.05% in Cinemark Holdings, Inc. (NYSE:CNK). Wellington Mgmt Grp Incorporated Ltd Liability Partnership stated it has 0.02% of its portfolio in Cinemark Holdings, Inc. (NYSE:CNK). Waddell Reed Fin invested in 0.02% or 266,580 shares. Teacher Retirement System Of Texas stated it has 0% in Cinemark Holdings, Inc. (NYSE:CNK).

Horan Capital Advisors Llc, which manages about $224.00 million and $162.55 million US Long portfolio, decreased its stake in Lazard Ltd (NYSE:LAZ) by 21,907 shares to 50,580 shares, valued at $2.29 million in 2017Q3, according to the filing. It also reduced its holding in Kroger Co (NYSE:KR) by 52,566 shares in the quarter, leaving it with 4,275 shares, and cut its stake in Eaton Corp Plc (NYSE:ETN).

Among 21 analysts covering Cinemark Holdings (NYSE:CNK), 14 have Buy rating, 2 Sell and 5 Hold. Therefore 67% are positive. Cinemark Holdings had 63 analyst reports since July 23, 2015 according to SRatingsIntel. Wedbush maintained the shares of CNK in report on Friday, April 7 with “Neutral” rating. RBC Capital Markets maintained the shares of CNK in report on Sunday, September 24 with “Hold” rating. As per Thursday, September 14, the company rating was maintained by Piper Jaffray. The rating was initiated by Loop Capital on Wednesday, August 24 with “Buy”. The rating was initiated by Credit Suisse on Friday, February 5 with “Neutral”. The rating was downgraded by FBR Capital on Monday, April 3 to “Mkt Perform”. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Thursday, October 5 report. The firm has “Buy” rating given on Monday, August 7 by Wedbush. Wunderlich maintained Cinemark Holdings, Inc. (NYSE:CNK) on Friday, August 12 with “Buy” rating. The firm has “Hold” rating given on Monday, August 7 by RBC Capital Markets.

Since December 12, 2017, it had 0 insider purchases, and 1 insider sale for $10.92 million activity.

Among 30 analysts covering Activision Blizzard (NASDAQ:ATVI), 24 have Buy rating, 0 Sell and 6 Hold. Therefore 80% are positive. Activision Blizzard had 119 analyst reports since July 28, 2015 according to SRatingsIntel. On Wednesday, June 7 the stock rating was maintained by Jefferies with “Buy”. On Wednesday, September 2 the stock rating was upgraded by Vetr to “Buy”. The stock has “Buy” rating by Mizuho on Friday, August 5. The rating was maintained by KeyBanc Capital Markets with “Buy” on Wednesday, September 6. Jefferies maintained it with “Buy” rating and $78.0 target in Tuesday, September 5 report. The firm has “Buy” rating by Oppenheimer given on Thursday, June 22. The company was maintained on Wednesday, August 5 by Barclays Capital. The firm has “Overweight” rating by Barclays Capital given on Friday, August 5. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, September 15 report. The stock has “Buy” rating by SunTrust on Friday, October 27.

Skytop Capital Management Llc, which manages about $345.70 million and $117.10 million US Long portfolio, upped its stake in Electronic Arts Inc (NASDAQ:EA) by 12,000 shares to 40,000 shares, valued at $4.72M in 2017Q3, according to the filing.

Since August 7, 2017, it had 0 buys, and 3 selling transactions for $239.12 million activity. ZACCONI RICCARDO also sold $1.21 million worth of Activision Blizzard, Inc. (NASDAQ:ATVI) shares. Durkin Dennis M sold $9.71M worth of Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, August 11.

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.23, from 1.15 in 2017Q2. It increased, 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. C M Bidwell & Associates Ltd reported 0% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Fincl Advisers Lc stated it has 0.02% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Gilder Gagnon Howe & Ltd reported 1.75 million shares. California Pub Employees Retirement System reported 1.65 million shares. 47,773 are held by Mckinley Ltd Company Delaware. Mark Asset Mngmt, New York-based fund reported 202,163 shares. Fic holds 0.23% or 9,200 shares in its portfolio. 59,220 were accumulated by Chem Retail Bank. Alkeon Capital Management Ltd Company invested 1.82% in Activision Blizzard, Inc. (NASDAQ:ATVI). First Western Cap Mngmt reported 0.19% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Ellington Management Gp Lc owns 0.05% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 4,800 shares. Highland Cap Mngmt Limited Liability invested in 13,578 shares or 0.07% of the stock. Winslow Cap has invested 0% in Activision Blizzard, Inc. (NASDAQ:ATVI). Norinchukin Fincl Bank The, Japan-based fund reported 56,190 shares. South Dakota Inv Council reported 15,400 shares stake.

Analysts await Activision Blizzard, Inc. (NASDAQ:ATVI) to report earnings on February, 8. They expect $0.87 earnings per share, up 1.16% or $0.01 from last year’s $0.86 per share. ATVI’s profit will be $657.81M for 20.28 P/E if the $0.87 EPS becomes a reality. After $0.43 actual earnings per share reported by Activision Blizzard, Inc. for the previous quarter, Wall Street now forecasts 102.33% EPS growth.

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