Wright Investors Service Decreased Activision Blizzard (ATVI) Holding; Bridge Bancorp Has 0.92 Sentiment

Activision Blizzard, Inc. (NASDAQ:ATVI) Logo

Bridge Bancorp Inc (BDGE) investors sentiment decreased to 0.92 in 2018 Q4. It’s down -0.58, from 1.5 in 2018Q3. The ratio has worsened, as 34 hedge funds increased and opened new stock positions, while 37 sold and trimmed equity positions in Bridge Bancorp Inc. The hedge funds in our database now own: 11.37 million shares, down from 11.45 million shares in 2018Q3. Also, the number of hedge funds holding Bridge Bancorp Inc in top ten stock positions was flat from 1 to 1 for the same number . Sold All: 10 Reduced: 27 Increased: 25 New Position: 9.

Wright Investors Service Inc decreased Activision Blizzard Inc (ATVI) stake by 17.58% reported in 2018Q4 SEC filing. Wright Investors Service Inc sold 8,036 shares as Activision Blizzard Inc (ATVI)’s stock declined 18.09%. The Wright Investors Service Inc holds 37,664 shares with $1.75M value, down from 45,700 last quarter. Activision Blizzard Inc now has $34.09B valuation. The stock increased 3.02% or $1.31 during the last trading session, reaching $44.63. About 12.74M shares traded. Activision Blizzard, Inc. (NASDAQ:ATVI) has declined 41.97% since March 17, 2018 and is downtrending. It has underperformed by 46.34% the S&P500. Some Historical ATVI News: 05/04/2018 – Prepare to Join the Battle for Azeroth™–New World of Warcraft® Expansion Arrives August 14; 02/04/2018 – Luminosity Take CWL Birmingham Open Championship; 29/05/2018 – Activision Blizzard Announces Sale of Special Call of Duty®: WWII Fear Not Pack to Support the Placement of Veterans into High Quality Jobs; 03/05/2018 – ACTIVISION BLIZZARD INC – FOR THE QUARTER ENDED MARCH 31, 2018, ON A NON-GAAP BASIS, EARNINGS PER DILUTED SHARE WERE $0.78; 03/05/2018 – Activision Blizzard Sees Yr EPS $1.79; 10/04/2018 – Call of Duty: WWII ‘The War Machine’ DLC Pack Rolls out Today; 21/03/2018 – Activision Concerns ‘overblown’ Even As Fortnite Gains Steam, Says Analyst — MarketWatch; 03/05/2018 – Activision Blizzard 1Q Net $500M; 29/03/2018 – Global Digital Games Market 2014-2017 & 2017-2022: Market is Expected to Reach $272 Billion – Major Companies are Activision Blizzard, EA, Take-Two Interactive and Ubisoft – ResearchAndMarkets.com; 09/03/2018 – Wumpa Fruit for Everyone! Crash Bandicoot N. Sane Trilogy Makes Its Way to Nintendo Switch, Xbox One and Steam for the First Time!

More notable recent Activision Blizzard, Inc. (NASDAQ:ATVI) news were published by: Nasdaq.com which released: “Friday 3/15 Insider Buying Report: FOX, ATVI – Nasdaq” on March 15, 2019, also Nasdaq.com with their article: “Activision Blizzard (ATVI) Dips More Than Broader Markets: What You Should Know – Nasdaq” published on March 14, 2019, Fool.com published: “Tech Stocks This Week: MongoDB Soars, an Insider Loads Up on Activision Stock, and More – Motley Fool” on March 16, 2019. More interesting news about Activision Blizzard, Inc. (NASDAQ:ATVI) were released by: Seekingalpha.com and their article: “Activision Blizzard’s Killer Expansion – Seeking Alpha” published on February 15, 2019 as well as Seekingalpha.com‘s news article titled: “Morgan Stanley bullish on Activision’s esports franchise – Seeking Alpha” with publication date: March 14, 2019.

Investors sentiment decreased to 0.92 in Q4 2018. Its down 0.65, from 1.57 in 2018Q3. It turned negative, as 125 investors sold ATVI shares while 221 reduced holdings. 91 funds opened positions while 226 raised stakes. 658.51 million shares or 0.82% less from 663.95 million shares in 2018Q3 were reported. Scopus Asset Management Limited Partnership reported 0.3% stake. Sector Pension Investment Board stated it has 0.03% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Comgest Invsts Sas invested in 56,900 shares. Tiverton Asset Mgmt Limited Liability Corp reported 17,827 shares. Boothbay Fund Management Llc invested in 6,345 shares or 0.04% of the stock. Fmr Ltd Liability owns 85.18 million shares. Meiji Yasuda Asset Limited reported 22,179 shares stake. Cibc Mkts holds 590,176 shares. Washington Tru Bancorp accumulated 555 shares. Private Advisor Gp Limited Liability Corp accumulated 15,950 shares or 0.02% of the stock. Alyeska Inv Group Limited Partnership invested 0.53% in Activision Blizzard, Inc. (NASDAQ:ATVI). Rhumbline Advisers reported 1.22 million shares stake. Ima Wealth reported 0% stake. 317,988 were accumulated by Renaissance Group Inc Lc. Bokf Na holds 0.04% or 32,785 shares in its portfolio.

Wright Investors Service Inc increased Visa Inc (NYSE:V) stake by 8,502 shares to 31,052 valued at $4.10 million in 2018Q4. It also upped Progressive Corp Ohio (NYSE:PGR) stake by 5,642 shares and now owns 96,682 shares. Prudential Finl Inc (NYSE:PRU) was raised too.

Among 16 analysts covering Activision Blizzard (NASDAQ:ATVI), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Activision Blizzard had 20 analyst reports since October 1, 2018 according to SRatingsIntel. Morgan Stanley maintained the shares of ATVI in report on Wednesday, February 13 with “Overweight” rating. The rating was maintained by Wedbush with “Outperform” on Monday, October 1. On Wednesday, February 13 the stock rating was maintained by Bank of America with “Neutral”. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) earned “Hold” rating by Cowen & Co on Wednesday, February 13. KeyBanc Capital Markets maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Wednesday, February 13 with “Overweight” rating. Barclays Capital upgraded Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Monday, October 15. Barclays Capital has “Overweight” rating and $86 target. KeyBanc Capital Markets maintained the shares of ATVI in report on Friday, January 11 with “Overweight” rating. The rating was maintained by Stifel Nicolaus on Tuesday, February 19 with “Buy”. The company was maintained on Wednesday, February 13 by Credit Suisse. On Friday, March 15 the stock rating was maintained by Piper Jaffray with “Buy”.

Analysts await Activision Blizzard, Inc. (NASDAQ:ATVI) to report earnings on May, 2. They expect $0.19 EPS, down 44.12% or $0.15 from last year’s $0.34 per share. ATVI’s profit will be $145.13 million for 58.72 P/E if the $0.19 EPS becomes a reality. After $1.24 actual EPS reported by Activision Blizzard, Inc. for the previous quarter, Wall Street now forecasts -84.68% negative EPS growth.

The stock decreased 0.83% or $0.26 during the last trading session, reaching $31.22. About 86,830 shares traded or 123.53% up from the average. Bridge Bancorp, Inc. (BDGE) has declined 0.36% since March 17, 2018 and is downtrending. It has underperformed by 4.73% the S&P500. Some Historical BDGE News: 25/04/2018 – Bridge Bancorp 1Q EPS 61c; 23/03/2018 Bridge Bancorp Closes Below 200-Day Moving Average: Technicals; 06/04/2018 – Bridge Bancorp, Inc. Announces First Quarter 2018 Dividend; 21/05/2018 – ARDELYX RAISES $50 MILLION IN LOAN AGREEMENT WITH SOLAR CAPITAL AND BRIDGE BANK; 25/04/2018 – Bridge Bancorp Closes Above 200-Day Moving Average: Technicals; 21/05/2018 – Ardelyx Raises $50M in Loan Agreement With Solar Capital and Bridge Bank; 23/04/2018 – DJ Bridge Bancorp Inc, Inst Holders, 1Q 2018 (BDGE); 21/05/2018 – ARDELYX RAISES $50M IN LOAN WITH SOLAR CAPITAL & BRIDGE BANK; 04/05/2018 – BRIDGE BANCORP INC BDGE.O : KBW RAISES TARGET PRICE TO $37 FROM $35

Since January 1, 0001, it had 9 insider purchases, and 0 insider sales for $1.69 million activity.

Basswood Capital Management L.L.C. holds 3.61% of its portfolio in Bridge Bancorp, Inc. for 2.41 million shares. Saybrook Capital Nc owns 49,727 shares or 0.61% of their US portfolio. Moreover, Ejf Capital Llc has 0.38% invested in the company for 127,416 shares. The Illinois-based Banc Funds Co Llc has invested 0.26% in the stock. Cornercap Investment Counsel Inc, a Georgia-based fund reported 32,505 shares.

Bridge Bancorp, Inc. (NASDAQ:BDGE) Institutional Positions Chart