Contrarius Investment Management LTD Has Upped Its Viacom New (VIAB) Position; Redwood Investments Has Cut Ross Stores (ROST) Position By $2.27 Million

February 15, 2018 - By Jacob Smith

Redwood Investments Llc decreased Ross Stores Inc. (ROST) stake by 23.86% reported in 2017Q3 SEC filing. Redwood Investments Llc sold 35,514 shares as Ross Stores Inc. (ROST)’s stock declined 9.26%. The Redwood Investments Llc holds 113,316 shares with $7.32M value, down from 148,830 last quarter. Ross Stores Inc. now has $30.57 billion valuation. The stock increased 1.36% or $1.07 during the last trading session, reaching $80. About 973,603 shares traded. Ross Stores, Inc. (NASDAQ:ROST) has risen 12.03% since February 15, 2017 and is uptrending. It has underperformed by 4.67% the S&P500.

Contrarius Investment Management Ltd increased Viacom Inc New (VIAB) stake by 53.17% reported in 2017Q3 SEC filing. Contrarius Investment Management Ltd acquired 705,069 shares as Viacom Inc New (VIAB)’s stock declined 19.98%. The Contrarius Investment Management Ltd holds 2.03 million shares with $56.55 million value, up from 1.33 million last quarter. Viacom Inc New now has $13.77 billion valuation. The stock decreased 1.03% or $0.35 during the last trading session, reaching $33.58. About 1.83 million shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 8.36% since February 15, 2017 and is downtrending. It has underperformed by 25.06% the S&P500.

Among 39 analysts covering Viacom Inc. (NASDAQ:VIAB), 12 have Buy rating, 2 Sell and 25 Hold. Therefore 31% are positive. Viacom Inc. had 131 analyst reports since August 7, 2015 according to SRatingsIntel. Wedbush maintained the shares of VIAB in report on Monday, February 6 with “Neutral” rating. As per Monday, October 17, the company rating was upgraded by Wedbush. The company was downgraded on Tuesday, January 2 by Macquarie Research. Credit Suisse maintained Viacom, Inc. (NASDAQ:VIAB) on Friday, November 13 with “Outperform” rating. Wells Fargo downgraded Viacom, Inc. (NASDAQ:VIAB) on Friday, August 7 to “Market Perform” rating. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Sell” rating given on Tuesday, August 8 by RBC Capital Markets. The firm has “Sell” rating by RBC Capital Markets given on Monday, September 11. On Friday, August 7 the stock rating was downgraded by Wells Fargo to “Outperform”. The company was upgraded on Thursday, October 13 by Bank of America. J.P. Morgan maintained Viacom, Inc. (NASDAQ:VIAB) on Monday, June 12 with “Buy” rating.

Contrarius Investment Management Ltd decreased Mcclatchy Co stake by 191,113 shares to 138,441 valued at $1.02M in 2017Q3. It also reduced Gilead Sciences Inc (NASDAQ:GILD) stake by 273,244 shares and now owns 797,487 shares. New York Times Co (NYSE:NYT) was reduced too.

Investors sentiment increased to 1.04 in 2017 Q3. Its up 0.04, from 1 in 2017Q2. It is positive, as 58 investors sold ROST shares while 200 reduced holdings. 72 funds opened positions while 196 raised stakes. 339.45 million shares or 0.11% less from 339.81 million shares in 2017Q2 were reported. Tru Department Mb Bancorp N A holds 0.02% or 2,288 shares in its portfolio. Van Eck Associates Corp holds 0.01% or 34,874 shares. Old Mutual Invsts (Uk) Ltd owns 2.81 million shares. Cap Fund Management Sa stated it has 813,942 shares or 0.38% of all its holdings. Howe Rusling reported 2,461 shares. Frontier Cap Ltd Liability holds 0.41% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST) for 887,776 shares. Ngam Advsr LP has invested 0.13% in Ross Stores, Inc. (NASDAQ:ROST). 7,250 are owned by Meiji Yasuda Life Company. Aqr Cap Management Llc has 1.78 million shares. Commonwealth Of Pennsylvania Public School Empls Retrmt has invested 0.03% in Ross Stores, Inc. (NASDAQ:ROST). Moreover, Parametric Port Associates Ltd Liability Corp has 0.11% invested in Ross Stores, Inc. (NASDAQ:ROST). Sumitomo Mitsui Tru Hldgs holds 1.12M shares. Todd Asset Management Lc reported 0.46% in Ross Stores, Inc. (NASDAQ:ROST). Thompson Davis And Company reported 824 shares. Tci Wealth Advisors Inc holds 790 shares or 0.02% of its portfolio.

Analysts await Ross Stores, Inc. (NASDAQ:ROST) to report earnings on February, 27. They expect $0.92 EPS, up 19.48% or $0.15 from last year’s $0.77 per share. ROST’s profit will be $351.58 million for 21.74 P/E if the $0.92 EPS becomes a reality. After $0.72 actual EPS reported by Ross Stores, Inc. for the previous quarter, Wall Street now forecasts 27.78% EPS growth.

Among 27 analysts covering Ross Stores Inc. (NASDAQ:ROST), 17 have Buy rating, 1 Sell and 9 Hold. Therefore 63% are positive. Ross Stores Inc. had 70 analyst reports since August 21, 2015 according to SRatingsIntel. Goldman Sachs downgraded the stock to “Neutral” rating in Wednesday, March 9 report. The stock of Ross Stores, Inc. (NASDAQ:ROST) has “Outperform” rating given on Friday, November 20 by Wedbush. SunTrust maintained the stock with “Buy” rating in Friday, February 2 report. Buckingham Research upgraded it to “Neutral” rating and $60.0 target in Monday, August 24 report. As per Thursday, December 14, the company rating was maintained by Guggenheim. Jefferies maintained Ross Stores, Inc. (NASDAQ:ROST) on Tuesday, July 4 with “Hold” rating. The stock has “Neutral” rating by Citigroup on Wednesday, March 1. The stock of Ross Stores, Inc. (NASDAQ:ROST) has “Overweight” rating given on Monday, September 25 by JP Morgan. The stock of Ross Stores, Inc. (NASDAQ:ROST) earned “Overweight” rating by Morgan Stanley on Friday, November 17. The stock of Ross Stores, Inc. (NASDAQ:ROST) earned “Outperform” rating by Telsey Advisory Group on Friday, July 14.

Redwood Investments Llc increased Concho Resources Inc. (NYSE:CXO) stake by 8,245 shares to 63,635 valued at $8.38 million in 2017Q3. It also upped Carbonite Inc. (NASDAQ:CARB) stake by 52,318 shares and now owns 253,750 shares. Glaukos Corp was raised too.

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