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Steadfast Capital Management LP Has Lowered Stake in Visa (V) as Stock Rose; As Entercom Communications (ETM) Shares Declined, Venator Capital Management LTD Lifted Stake

Venator Capital Management Ltd increased its stake in Entercom Communications Corp (ETM) by 417.1% based on its latest 2017Q3 regulatory filing with the SEC. Venator Capital Management Ltd bought 667,361 shares as the company’s stock declined 37.42% while stock markets rallied. The institutional investor held 827,361 shares of the broadcasting company at the end of 2017Q3, valued at $9.47 million, up from 160,000 at the end of the previous reported quarter. Venator Capital Management Ltd who had been investing in Entercom Communications Corp for a number of months, seems to be bullish on the $1.60 billion market cap company. The stock increased 1.11% or $0.12 during the last trading session, reaching $11.38. About 873,794 shares traded. Entercom Communications Corp. (NYSE:ETM) has declined 15.65% since January 22, 2017 and is downtrending. It has underperformed by 32.35% the S&P500.

Robert Pitts decreased its stake in Visa Inc (V) by 2.86% based on its latest 2017Q3 regulatory filing with the SEC. Steadfast Capital Management Lp sold 39,740 shares as the company’s stock rose 5.74% with the market. The hedge fund run by Robert Pitts held 1.35M shares of the business services company at the end of 2017Q3, valued at $141.98 million, down from 1.39M at the end of the previous reported quarter. Steadfast Capital Management Lp who had been investing in Visa Inc for a number of months, seems to be less bullish one the $279.90 billion market cap company. The stock increased 0.66% or $0.81 during the last trading session, reaching $123.51. About 2.51 million shares traded. Visa Inc. (NYSE:V) has risen 20.29% since January 22, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.13, from 1.13 in 2017Q2. It dived, as 48 investors sold V shares while 617 reduced holdings. 142 funds opened positions while 524 raised stakes. 1.64 billion shares or 1.45% less from 1.66 billion shares in 2017Q2 were reported. Cibc Markets has 0.17% invested in Visa Inc. (NYSE:V) for 333,727 shares. Moreover, Tortoise Invest Management Limited Company has 0.08% invested in Visa Inc. (NYSE:V) for 2,440 shares. Wms Ltd Liability Corporation holds 2.17% or 173,181 shares in its portfolio. Nepsis Cap Management Inc reported 71,630 shares or 3.89% of all its holdings. The Michigan-based Greenleaf Tru has invested 0.24% in Visa Inc. (NYSE:V). Davis Prns Ltd stated it has 5.1% in Visa Inc. (NYSE:V). Kemnay Advisory Ser holds 2.01% or 44,450 shares in its portfolio. Vnbtrust Natl Association holds 0.08% or 1,905 shares in its portfolio. Tarbox Family Office Incorporated holds 2,242 shares. First Citizens Comml Bank And Trust Company has 29,528 shares. Blb&B Advsrs Limited Company invested in 51,398 shares. New York-based Boothbay Fund Mgmt Limited Liability Com has invested 0.14% in Visa Inc. (NYSE:V). Bp Public Ltd Com invested in 254,000 shares. Mar Vista Inv Prtnrs Llc stated it has 426,496 shares. Two Sigma Limited Liability Co has invested 0.08% of its portfolio in Visa Inc. (NYSE:V).

Steadfast Capital Management Lp, which manages about $8.17B and $6.46B US Long portfolio, upped its stake in Diamondback Energy Inc (NASDAQ:FANG) by 516,390 shares to 1.28M shares, valued at $125.50 million in 2017Q3, according to the filing. It also increased its holding in Encana Corp (NYSE:ECA) by 1.94 million shares in the quarter, for a total of 22.90M shares, and has risen its stake in Praxair Inc (NYSE:PX).

Among 40 analysts covering Visa Inc. (NYSE:V), 33 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. Visa Inc. had 104 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Oppenheimer on Monday, July 17. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, July 24 report. The firm has “Buy” rating given on Friday, June 23 by Oppenheimer. On Thursday, October 22 the stock rating was initiated by Wells Fargo with “Outperform”. The firm has “Buy” rating by Mizuho given on Thursday, January 4. The firm has “Neutral” rating by Guggenheim given on Tuesday, October 25. The rating was maintained by Instinet with “Buy” on Friday, July 21. RBC Capital Markets maintained the shares of V in report on Thursday, January 4 with “Buy” rating. The company was upgraded on Monday, June 6 by JP Morgan. The rating was maintained by Cowen & Co on Friday, July 21 with “Buy”.

Analysts await Visa Inc. (NYSE:V) to report earnings on February, 1. They expect $0.97 EPS, up 12.79% or $0.11 from last year’s $0.86 per share. V’s profit will be $2.20B for 31.83 P/E if the $0.97 EPS becomes a reality. After $0.90 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts 7.78% EPS growth.

Since August 17, 2017, it had 0 buys, and 3 insider sales for $7.43 million activity. Another trade for 49,702 shares valued at $5.65 million was made by MAHON TULLIER KELLY on Friday, December 15. $707,561 worth of Visa Inc. (NYSE:V) was sold by MATSCHULLAT ROBERT W on Wednesday, December 13.

Among 3 analysts covering Entercom Communications (NYSE:ETM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Entercom Communications had 5 analyst reports since August 18, 2015 according to SRatingsIntel. Noble Financial maintained the stock with “Buy” rating in Monday, July 24 report. Stephens initiated Entercom Communications Corp. (NYSE:ETM) on Friday, December 11 with “Equal-Weight” rating. The rating was maintained by Noble Financial on Monday, July 31 with “Buy”. The stock has “Buy” rating by Noble Financial on Monday, November 27. The stock of Entercom Communications Corp. (NYSE:ETM) earned “Outperform” rating by Wells Fargo on Tuesday, August 18.

Venator Capital Management Ltd, which manages about $96.80M US Long portfolio, decreased its stake in Orbcomm Inc (NASDAQ:ORBC) by 59,418 shares to 212,441 shares, valued at $2.22 million in 2017Q3, according to the filing. It also reduced its holding in Sp Plus Corp (NASDAQ:SP) by 34,134 shares in the quarter, leaving it with 68,834 shares, and cut its stake in Epam Sys Inc (NYSE:EPAM).

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