Comcast Co. (NASDAQ:CMCSA) Short Interest Update

Comcast Co. (NASDAQ:CMCSA) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 53,510,000 shares, an increase of 14.4% from the March 31st total of 46,790,000 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 21,540,000 shares, the short-interest ratio is currently 2.5 days.

Institutional Investors Weigh In On Comcast

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Luken Investment Analytics LLC boosted its holdings in Comcast by 258.0% in the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after buying an additional 418 shares during the period. Steph & Co. raised its position in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after purchasing an additional 371 shares during the period. NewSquare Capital LLC raised its position in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the period. OLD Point Trust & Financial Services N A purchased a new position in Comcast in the 4th quarter worth $28,000. Finally, Pineridge Advisors LLC bought a new stake in Comcast in the 4th quarter worth $32,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CMCSA shares. Citigroup dropped their price target on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday. Scotiabank decreased their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday. Oppenheimer reissued an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research report on Tuesday, March 26th. Finally, StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Price Performance

Shares of NASDAQ CMCSA traded up $0.28 during midday trading on Monday, reaching $38.85. 14,665,014 shares of the company were exchanged, compared to its average volume of 20,884,555. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast has a one year low of $36.43 and a one year high of $47.46. The stock has a market cap of $154.31 billion, a P/E ratio of 10.28, a PEG ratio of 0.95 and a beta of 0.98. The stock’s 50-day moving average price is $41.54 and its 200-day moving average price is $42.51.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share. On average, sell-side analysts anticipate that Comcast will post 4.21 earnings per share for the current fiscal year.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.