Coatue Management Has Decreased Electronic Arts (EA) Holding; Armstrong World Industries (AWI)’s Sentiment Is 1.05

November 14, 2017 - By Kurt Siggers

Coatue Management Llc decreased Electronic Arts Inc (EA) stake by 0.56% reported in 2017Q2 SEC filing. Coatue Management Llc sold 24,440 shares as Electronic Arts Inc (EA)’s stock rose 23.30%. The Coatue Management Llc holds 4.31M shares with $456.09M value, down from 4.34 million last quarter. Electronic Arts Inc now has $34.48 billion valuation. The stock declined 0.28% or $0.32 reaching $111.69 per share. About 330,977 shares traded. Electronic Arts Inc. (NASDAQ:EA) has risen 46.45% since November 14, 2016 and is uptrending. It has outperformed by 29.75% the S&P500.

Armstrong World Industries, Inc. is a global producer of ceiling systems. The company has market cap of $2.65 billion. The Firm owns and operates the Building Products (Ceilings) segment. It has a 18.84 P/E ratio. The Firm designs, makes and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world.

Since May 15, 2017, it had 0 insider buys, and 12 sales for $25.53 million activity. Soderlund Patrick sold $5.91 million worth of Electronic Arts Inc. (NASDAQ:EA) on Wednesday, May 17. $1.05 million worth of Electronic Arts Inc. (NASDAQ:EA) was sold by Jorgensen Blake J. LINZNER JOEL had sold 4,000 shares worth $457,155. 10,965 shares were sold by Wilson Andrew, worth $1.18 million. BARKER KENNETH A sold $2.91M worth of Electronic Arts Inc. (NASDAQ:EA) on Tuesday, May 23. Shares for $275,000 were sold by Miele Laura. Shares for $754,375 were sold by HOAG JAY C on Tuesday, May 23.

Analysts await Electronic Arts Inc. (NASDAQ:EA) to report earnings on January, 30. They expect $2.10 EPS, down 14.29% or $0.35 from last year’s $2.45 per share. EA’s profit will be $648.29 million for 13.30 P/E if the $2.10 EPS becomes a reality. After $0.50 actual EPS reported by Electronic Arts Inc. for the previous quarter, Wall Street now forecasts 320.00% EPS growth.

Investors sentiment decreased to 1.03 in 2017 Q2. Its down 0.17, from 1.2 in 2017Q1. It dropped, as 38 investors sold EA shares while 237 reduced holdings. 105 funds opened positions while 177 raised stakes. 285.59 million shares or 4.80% less from 300.00 million shares in 2017Q1 were reported. Scholtz & Limited Liability Company has invested 2.7% in Electronic Arts Inc. (NASDAQ:EA). Los Angeles Cap Mgmt Equity Rech invested in 556,961 shares. Eaton Vance invested 0.02% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Magnetar Fincl Limited Liability Co invested in 25,596 shares. Northern Corporation owns 0.1% invested in Electronic Arts Inc. (NASDAQ:EA) for 3.43 million shares. Alkeon Cap Mngmt Ltd stated it has 1.91% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). First Citizens Bancshares stated it has 13,412 shares. Gardner Lewis Asset Mngmt L P, a Pennsylvania-based fund reported 36,009 shares. State Of New Jersey Common Pension Fund D holds 133,099 shares or 0.06% of its portfolio. Alpha Windward Ltd reported 871 shares stake. Rampart Invest Mngmt Lc reported 0.15% stake. United Kingdom-based Polar Cap Llp has invested 0.38% in Electronic Arts Inc. (NASDAQ:EA). Hsbc Hldgs Plc owns 266,231 shares or 0.05% of their US portfolio. Dowling Yahnke Limited Co holds 0.04% or 3,430 shares in its portfolio. Asset Management One Ltd accumulated 0.13% or 483,059 shares.

Among 25 analysts covering Electronic Arts (NASDAQ:EA), 23 have Buy rating, 0 Sell and 2 Hold. Therefore 92% are positive. Electronic Arts had 74 analyst reports since July 28, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Electronic Arts Inc. (NASDAQ:EA) on Monday, October 26 with “Buy” rating. On Friday, July 28 the stock rating was maintained by Oppenheimer with “Buy”. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Buy” rating given on Friday, July 28 by Piper Jaffray. The rating was maintained by Benchmark with “Buy” on Monday, May 23. The firm has “Hold” rating given on Monday, July 31 by BMO Capital Markets. The company was maintained on Friday, September 8 by Piper Jaffray. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Buy” rating given on Thursday, May 12 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of EA in report on Friday, October 6 with “Buy” rating. Credit Suisse maintained the stock with “Buy” rating in Friday, May 26 report. The company was maintained on Monday, June 12 by BMO Capital Markets.

Marble Arch Investments Lp holds 5.65% of its portfolio in Armstrong World Industries Inc for 1.75 million shares. Stockbridge Partners Llc owns 2.61 million shares or 5.51% of their US portfolio. Moreover, Mig Capital Llc has 4.41% invested in the company for 630,101 shares. The California-based Valueact Holdings L.P. has invested 3.78% in the stock. Bridger Management Llc, a New York-based fund reported 1.25 million shares.

About 23,237 shares traded. Armstrong World Industries Inc (AWI) has risen 6.90% since November 14, 2016 and is uptrending. It has underperformed by 9.80% the S&P500.

Analysts await Armstrong World Industries Inc (NYSE:AWI) to report earnings on February, 26. They expect $0.70 earnings per share, up 55.56% or $0.25 from last year’s $0.45 per share. AWI’s profit will be $36.99 million for 17.91 P/E if the $0.70 EPS becomes a reality. After $0.86 actual earnings per share reported by Armstrong World Industries Inc for the previous quarter, Wall Street now forecasts -18.60% negative EPS growth.

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