Slate Path Capital LP Continues to Hold Stake in Pandora Media (P); As Cabot (CBT) Share Value Declined, Td Asset Management Increased by $567,300 Its Position

May 24, 2018 - By Darrin Black

Cabot Corporation (NYSE:CBT) Logo

David Greenspan increased its stake in Pandora Media Inc (P) by 9.1% based on its latest 2017Q4 regulatory filing with the SEC. Slate Path Capital Lp bought 935,000 shares as the company’s stock rose 11.09% while stock markets declined. The hedge fund run by David Greenspan held 11.22 million shares of the consumer services company at the end of 2017Q4, valued at $54.06 million, up from 10.28M at the end of the previous reported quarter. Slate Path Capital Lp who had been investing in Pandora Media Inc for a number of months, seems to be bullish on the $1.89B market cap company. The stock increased 1.79% or $0.13 during the last trading session, reaching $7.4. About 3.89M shares traded. Pandora Media, Inc. (NYSE:P) has declined 55.28% since May 24, 2017 and is downtrending. It has underperformed by 66.83% the S&P500.

Td Asset Management Inc increased its stake in Cabot Corp (CBT) by 78.15% based on its latest 2017Q4 regulatory filing with the SEC. Td Asset Management Inc bought 9,300 shares as the company’s stock declined 11.84% with the market. The institutional investor held 21,200 shares of the major chemicals company at the end of 2017Q4, valued at $1.31M, up from 11,900 at the end of the previous reported quarter. Td Asset Management Inc who had been investing in Cabot Corp for a number of months, seems to be bullish on the $3.65B market cap company. The stock decreased 0.82% or $0.49 during the last trading session, reaching $59.01. About 446,067 shares traded. Cabot Corporation (NYSE:CBT) has declined 5.91% since May 24, 2017 and is downtrending. It has underperformed by 17.46% the S&P500.

Investors sentiment increased to 1.04 in 2017 Q4. Its up 0.12, from 0.92 in 2017Q3. It increased, as 59 investors sold P shares while 46 reduced holdings. 44 funds opened positions while 65 raised stakes. 233.88 million shares or 17.29% less from 282.75 million shares in 2017Q3 were reported. Susquehanna Intll Grp Limited Liability Partnership has invested 0% in Pandora Media, Inc. (NYSE:P). Brighton Jones Ltd Liability Corporation has 0.02% invested in Pandora Media, Inc. (NYSE:P) for 27,465 shares. Alliancebernstein Limited Partnership has invested 0% in Pandora Media, Inc. (NYSE:P). Leucadia stated it has 75,000 shares or 0.03% of all its holdings. 96,440 were reported by Quantbot Tech Limited Partnership. 6.29M were accumulated by Goldman Sachs Group Inc. State Of Alaska Department Of Revenue invested in 0% or 19,900 shares. Eaton Vance Mgmt stated it has 0% in Pandora Media, Inc. (NYSE:P). Empyrean Cap Partners Ltd Partnership invested in 2.00 million shares. Slate Path Cap Limited Partnership reported 11.22M shares. Dubuque Bancorp Tru owns 79 shares or 0% of their US portfolio. Ubs Oconnor has 0.03% invested in Pandora Media, Inc. (NYSE:P) for 199,492 shares. Brandywine Managers Limited Liability Company holds 32,699 shares. Parametric Assoc Ltd invested in 0% or 93,152 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 13,204 shares.

Among 40 analysts covering Pandora Media (NYSE:P), 15 have Buy rating, 2 Sell and 23 Hold. Therefore 38% are positive. Pandora Media had 157 analyst reports since July 24, 2015 according to SRatingsIntel. On Thursday, September 7 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The stock has “Overweight” rating by Albert Fried on Thursday, December 17. The rating was upgraded by B. Riley & Co to “Buy” on Monday, May 23. Aegis Capital initiated the shares of P in report on Tuesday, December 6 with “Buy” rating. M Partners maintained it with “Neutral” rating and $18 target in Thursday, December 17 report. The rating was downgraded by Barrington Research to “Mkt Perform” on Tuesday, January 3. As per Friday, October 23, the company rating was downgraded by Albert Fried. As per Thursday, February 22, the company rating was maintained by B. Riley & Co. The rating was downgraded by Suntrust Robinson on Friday, November 3 to “Hold”. The stock of Pandora Media, Inc. (NYSE:P) has “Hold” rating given on Monday, August 14 by Wells Fargo.

More recent Pandora Media, Inc. (NYSE:P) news were published by: Seekingalpha.com which released: “Pandora: Cash Flow Story On The Rise” on May 20, 2018. Also 247Wallst.com published the news titled: “What to Watch For in Pandora Earnings” on May 03, 2018. Seekingalpha.com‘s news article titled: “Pandora Spikes On Subscription Numbers” with publication date: May 05, 2018 was also an interesting one.

Since February 16, 2018, it had 0 insider buys, and 12 sales for $1.09 million activity. 7,997 shares valued at $59,154 were sold by Trimble John on Wednesday, May 16. The insider Phillips Christopher W sold 13,582 shares worth $68,794. GERBITZ DAVID sold $51,335 worth of stock or 10,135 shares. Walker Karen Sammis also sold $86,271 worth of Pandora Media, Inc. (NYSE:P) shares. Shares for $322,770 were sold by Robinson Kristen.

Slate Path Capital Lp, which manages about $4.31B and $1.02 billion US Long portfolio, decreased its stake in Vaneck Vectors Etf Tr by 73,000 shares to 305,000 shares, valued at $7.09 million in 2017Q4, according to the filing. It also reduced its holding in Global X Fds by 114,000 shares in the quarter, leaving it with 110,000 shares, and cut its stake in Alnylam Pharmaceuticals Inc (NASDAQ:ALNY).

Since May 14, 2018, it had 0 insider purchases, and 5 selling transactions for $18.97 million activity. von Gottberg Friedrich also sold $612,300 worth of Cabot Corporation (NYSE:CBT) on Monday, May 14. Cross Nicholas S. also sold $937,416 worth of Cabot Corporation (NYSE:CBT) on Monday, May 14.

Investors sentiment increased to 1.07 in 2017 Q4. Its up 0.08, from 0.99 in 2017Q3. It improved, as 16 investors sold CBT shares while 96 reduced holdings. 41 funds opened positions while 79 raised stakes. 51.73 million shares or 0.23% less from 51.85 million shares in 2017Q3 were reported. Verition Fund Limited Company owns 10,868 shares. Wellington Group Incorporated Llp has 0.03% invested in Cabot Corporation (NYSE:CBT). Moreover, Snyder Cap Mngmt LP has 1.99% invested in Cabot Corporation (NYSE:CBT). Price T Rowe Associate Md stated it has 53,741 shares. First Citizens Bancorporation And Tru Co has 5,147 shares for 0.04% of their portfolio. Klingenstein Fields & Limited Company owns 4,800 shares or 0.01% of their US portfolio. 1St Source Bancorp, a Indiana-based fund reported 16,800 shares. Keybank Natl Association Oh stated it has 0.01% of its portfolio in Cabot Corporation (NYSE:CBT). Kennedy Mgmt Inc holds 0.08% in Cabot Corporation (NYSE:CBT) or 72,499 shares. 60,183 were accumulated by D E Shaw And. Asset Mgmt has 3,718 shares for 0.01% of their portfolio. Advantus Cap holds 0.01% in Cabot Corporation (NYSE:CBT) or 7,630 shares. Goldman Sachs Grp holds 0.01% or 870,140 shares. State Treasurer State Of Michigan holds 22,280 shares or 0.01% of its portfolio. Advisory Svcs Net Ltd Limited Liability Company reported 0% in Cabot Corporation (NYSE:CBT).

Td Asset Management Inc, which manages about $16.26B and $68.64B US Long portfolio, decreased its stake in Kimberly Clark Corp (NYSE:KMB) by 64,335 shares to 618,482 shares, valued at $74.63M in 2017Q4, according to the filing. It also reduced its holding in Encana Corp (NYSE:ECA) by 525,003 shares in the quarter, leaving it with 7.10M shares, and cut its stake in Cheesecake Factory Inc (NASDAQ:CAKE).

Among 13 analysts covering Cabot (NYSE:CBT), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Cabot had 29 analyst reports since August 13, 2015 according to SRatingsIntel. As per Tuesday, August 15, the company rating was upgraded by JP Morgan. The company was downgraded on Monday, April 11 by KeyBanc Capital Markets. Suntrust Robinson upgraded Cabot Corporation (NYSE:CBT) on Tuesday, December 19 to “Buy” rating. Robert W. Baird maintained it with “Hold” rating and $6700 target in Tuesday, April 17 report. The stock of Cabot Corporation (NYSE:CBT) earned “Buy” rating by Northcoast on Monday, February 12. On Tuesday, September 1 the stock rating was upgraded by Zacks to “Sell”. The stock has “Buy” rating by Jefferies on Monday, August 14. The company was maintained on Thursday, August 13 by Deutsche Bank. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, September 6. The firm has “Neutral” rating given on Tuesday, August 2 by SunTrust.

More notable recent Cabot Corporation (NYSE:CBT) news were published by: Newsok.com which released: “Cabot Corporation to Expand Global Carbon Black Capacity by over 300000 Metric Tons” on May 21, 2018, also Benzinga.com with their article: “Baird Upgrades Cabot Corp.: ‘We Believe Valuation Remains Attractive'” published on May 09, 2018, Newsok.com published: “Cabot Corporation Hosts Investor Day Today, May 24, 2018 in New York City” on May 24, 2018. More interesting news about Cabot Corporation (NYSE:CBT) were released by: Benzinga.com and their article: “The Week Ahead: Target, Best Buy Help Close Out Earnings Season” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Cabot’s (CBT) CEO Sean Keohane on Q2 2018 Results – Earnings Call Transcript” with publication date: May 12, 2018.

Cabot Corporation (NYSE:CBT) Institutional Positions Chart

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