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ION Geophysical (IO) Reaches $23.35 After 9.00% Down Move; Brant Point Investment Management Has Trimmed Its Cbs New (Call) (CBS) Stake

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Brant Point Investment Management Llc decreased Cbs Corp New (Call) (CBS) stake by 62.93% reported in 2018Q1 SEC filing. Brant Point Investment Management Llc sold 33,950 shares as Cbs Corp New (Call) (CBS)’s stock declined 8.46%. The Brant Point Investment Management Llc holds 20,000 shares with $1.03M value, down from 53,950 last quarter. Cbs Corp New (Call) now has $19.39 billion valuation. The stock increased 0.24% or $0.12 during the last trading session, reaching $51.13. About 2.23 million shares traded. CBS Corporation (NYSE:CBS) has declined 17.26% since June 10, 2017 and is downtrending. It has underperformed by 29.83% the S&P500. Some Historical CBS News: ; 13/04/2018 – His tweet came in response to a story from CBS, in which the CEO bemoaned the Model 3 as overly ambitious, and the production process as too technical; 23/05/2018 – DUTCH MARCH CONSUMER SPENDING +3.2 PCT Y/Y AFTER REVISED +2.8 PCT IN FEB – CBS; 09/04/2018 – CBS INVESTOR SAYS VIACOM DEAL NOT `OPTIMAL’ IN LETTER TO BOARD; 06/03/2018 – CBS: EXPANDING STREAMING SERVICE TO CANADA AND AUSTRALIA FIRST; 17/05/2018 – CBS CORP – DIVIDEND, IF ISSUED, WOULD DILUTE NAI’S VOTING INTEREST FROM APPROXIMATELY 79% TO APPROXIMATELY 20%; 23/05/2018 – Michael Schneider: Exclusive: @TheNormanLear Developing Hip-Hop Animated Kids Series for Nickelodeon; 02/04/2018 – CBS Would Value Viacom Below Current Market Value: Report — MarketWatch; 19/03/2018 – CBS Los Angeles: #BREAKING: 5 people are being assessed for various injuries following a traffic collision at a Costco in the; 06/04/2018 – CBS Adds Richard Parsons to Board While Weighing Viacom Merger; 13/04/2018 – Not Sure That a CBS/Viacom Merger Makes Sense, Says Michael Cuggino (Video)

The stock of ION Geophysical Corporation (NYSE:IO) is a huge mover today! The stock decreased 3.11% or $0.75 during the last trading session, reaching $23.35. About 152,964 shares traded. ION Geophysical Corporation (NYSE:IO) has risen 421.35% since June 10, 2017 and is uptrending. It has outperformed by 408.78% the S&P500. Some Historical IO News: ; 23/05/2018 – ION EXCHANGE (INDIA) LTD IONX.BO – MARCH QTR REVENUE FROM OPS 3.26 BLN RUPEES VS 3.53 BLN RUPEES YR AGO; 20/04/2018 – ION CAPITAL UK LTD – FIDESSA HAS WITHDRAWN ITS RECOMMENDATION OF TEMENOS OFFER AND PROPOSES TO ADJOURN FIDESSA SHAREHOLDER MEETINGS CONVENED FOR 27 APRIL; 01/05/2018 – ION announces 2018 Investor Day; 20/04/2018 – ION BEAM FILES DATA CONCERNING TRANSPARENCY; 22/05/2018 – MOODY’S: ION TRADING TECHNOLOGIES OUTLOOK TO NEG. FROM STABLE; 10/04/2018 – Exide Technologies Unveils Lithium-Ion Battery to Power Material Handling Systems at MODEX 2018; 22/05/2018 – ULTRACHARGE LTD UTR.AX – SIGNS DEAL TO SUPPLY LITHIUM-ION BATTERIES FOR TWO-WHEEL ELECTRIC SCOOTER MANUFACTURER, BLITZ ELECTRIC MOTORS; 23/05/2018 – INDIA’S ION EXCHANGE (INDIA) LTD IONX.BO – MARCH QTR NET PROFIT 236.9 MLN RUPEES VS 241.1 MLN RUPEES YR AGO; 20/04/2018 – ION SAYS IN AGGREGATE FIDESSA HOLDERS WILL GET £39.50/SHR; 20/04/2018 – ION CAPITAL UK LTD – OFFER IMPLIES AN ENTERPRISE VALUE MULTIPLE OF APPROXIMATELY 4.7X FIDESSA’S RECURRING REVENUE AND 25.9X CASH EBITDA FY ENDED DEC 31The move comes after 9 months negative chart setup for the $324.79M company. It was reported on Jun, 10 by Barchart.com. We have $21.25 PT which if reached, will make NYSE:IO worth $29.23 million less.

Among 4 analysts covering Ion Geophysical Corp (NYSE:IO), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Ion Geophysical Corp had 6 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Monday, August 24 by Cowen & Co. The firm has “Hold” rating given on Monday, August 24 by Zacks. Zacks downgraded ION Geophysical Corporation (NYSE:IO) on Monday, August 10 to “Hold” rating. Zacks downgraded the shares of IO in report on Thursday, September 3 to “Sell” rating. Oppenheimer initiated ION Geophysical Corporation (NYSE:IO) rating on Wednesday, March 28. Oppenheimer has “Buy” rating and $3500 target.

ION Geophysical Corporation provides geoscience products, services, and solutions to the gas and oil industry worldwide. The company has market cap of $324.79 million. It operates through three divisions: E&P Technology & Services, E&P Operations Optimization, and Ocean Bottom Services. It currently has negative earnings. The E&P Technology & Services segment offers services to manage the entire seismic process, from survey planning and design to data acquisition and management, to final subsurface imaging and reservoir characterization.

Analysts await ION Geophysical Corporation (NYSE:IO) to report earnings on August, 1. They expect $-0.26 EPS, up 70.45% or $0.62 from last year’s $-0.88 per share. After $-1.34 actual EPS reported by ION Geophysical Corporation for the previous quarter, Wall Street now forecasts -80.60% EPS growth.

More recent ION Geophysical Corporation (NYSE:IO) news were published by: Seekingalpha.com which released: “Ion Geophysical (IO) Investor Presentation – Slideshow” on May 18, 2018. Also Seekingalpha.com published the news titled: “Finding Gold In The Winners And Losers List” on June 03, 2018. Prnewswire.com‘s news article titled: “ION announces new 2D multi-client program offshore Canada” with publication date: May 17, 2018 was also an interesting one.

Brant Point Investment Management Llc increased Kemet Corp (NYSE:KEM) stake by 118,172 shares to 207,272 valued at $3.76M in 2018Q1. It also upped Knight Swift Transn Hldgs In stake by 160,000 shares and now owns 190,000 shares. Cabot Microelectronics Corp (NASDAQ:CCMP) was raised too.

Among 39 analysts covering CBS Corp (NYSE:CBS), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. CBS Corp had 121 analyst reports since August 6, 2015 according to SRatingsIntel. The company was downgraded on Thursday, May 17 by Bank of America. The stock has “Market Perform” rating by Telsey Advisory Group on Friday, May 5. The firm earned “Buy” rating on Thursday, August 6 by Pivotal Research. The rating was maintained by Jefferies with “Buy” on Thursday, January 4. The firm earned “Overweight” rating on Monday, February 6 by Atlantic Securities. The stock of CBS Corporation (NYSE:CBS) earned “Hold” rating by Zacks on Monday, September 7. The stock has “Buy” rating by UBS on Tuesday, October 4. The stock has “Buy” rating by Jefferies on Thursday, November 2. On Thursday, January 4 the stock rating was maintained by Wells Fargo with “Buy”. The firm has “Buy” rating by Citigroup given on Thursday, February 22.

More notable recent CBS Corporation (NYSE:CBS) news were published by: Seekingalpha.com which released: “CBS investor files suit against Redstone, NAI” on June 01, 2018, also 247Wallst.com with their article: “CBS Shareholders Ask Where Their Yachts Are” published on May 18, 2018, Businesswire.com published: “CBS CORPORATION INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC …” on June 07, 2018. More interesting news about CBS Corporation (NYSE:CBS) were released by: Benzinga.com and their article: “CBS Is A Buy Amid M&A Uncertainty, Bernstein Says In Upgrade” published on May 21, 2018 as well as Investorplace.com‘s news article titled: “Don’t Bother with CBS Corporation Stock Amid Legal Mess” with publication date: June 04, 2018.

Analysts await CBS Corporation (NYSE:CBS) to report earnings on August, 6. They expect $1.12 earnings per share, up 7.69% or $0.08 from last year’s $1.04 per share. CBS’s profit will be $424.63M for 11.41 P/E if the $1.12 EPS becomes a reality. After $1.34 actual earnings per share reported by CBS Corporation for the previous quarter, Wall Street now forecasts -16.42% negative EPS growth.

Investors sentiment increased to 0.68 in Q1 2018. Its up 0.09, from 0.59 in 2017Q4. It increased, as 79 investors sold CBS shares while 232 reduced holdings. 62 funds opened positions while 151 raised stakes. 218.74 million shares or 3.33% less from 226.28 million shares in 2017Q4 were reported. The Bermuda-based Fil Ltd has invested 0.06% in CBS Corporation (NYSE:CBS). South Dakota Investment Council invested in 0.48% or 411,803 shares. Mirae Asset holds 0.03% of its portfolio in CBS Corporation (NYSE:CBS) for 42,444 shares. Mu Invests Ltd invested in 94,900 shares. Sei Investments Communication owns 54,111 shares for 0.01% of their portfolio. Abner Herrman & Brock Ltd Liability Co invested in 7,522 shares. Brown Brothers Harriman reported 0% stake. Addenda reported 94,324 shares. Tiaa Cref Inv Mgmt Ltd Limited Liability Company invested in 0.13% or 3.85M shares. Tremblant Grp holds 2.24 million shares. Walleye Trading Ltd owns 0% invested in CBS Corporation (NYSE:CBS) for 5,982 shares. Mutual Of America Lc owns 0.04% invested in CBS Corporation (NYSE:CBS) for 44,195 shares. New Jersey-based Mcrae Management has invested 2.84% in CBS Corporation (NYSE:CBS). First Personal Service holds 6,019 shares or 0.07% of its portfolio. Ser Automobile Association has invested 0.05% in CBS Corporation (NYSE:CBS).

Since December 12, 2017, it had 0 buys, and 15 selling transactions for $66.96 million activity. 75,000 shares valued at $3.86 million were sold by MOONVES LESLIE on Wednesday, May 9. 233,544 shares were sold by Ianniello Joseph R, worth $14.12 million. $510,545 worth of CBS Corporation (NYSE:CBS) was sold by Anschell Jonathan.

CBS Corporation (NYSE:CBS) Institutional Positions Chart

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