Today’s Stock On Watch: Harmonic Inc: Comcast Corp Opened Big New Position

Today's Stock On Watch: Harmonic Inc: Comcast Corp Opened Big New Position

The New Comcast Corp Holding in Harmonic Inc

Comcast Corp filed with the SEC SC 13G form for Harmonic Inc. The form can be accessed here: 000095010316016691. As reported in Comcast Corp’s form, the filler as of late owns 78030325% or 5,471,315 shares of the Information Technology–company.

Harmonic Inc stake is a new one for the and it was filed because of activity on September 26, 2016. We feel this shows Comcast Corp’s positive view for the stock.

Harmonic Inc Institutional Sentiment

Latest Security and Exchange filings show 130 investors own Harmonic Inc. The institutional ownership in Q3 2015 is high, at 101.99% of the outstanding shares. This is increased by 5078168 the total institutional shares. 79585384 were the shares owned by these institutional investors. In total 13 funds opened new Harmonic Inc stakes, 45 increased stakes. There were 16 that closed positions and 53 reduced them.

Cs Mckee Lp is an institutional investor bullish on Harmonic Inc, owning 605924 shares as of Q3 2015 for 0.11% of its portfolio. Fuller & Thaler Asset Management Inc owns 2220586 shares or 0.33% of its portfolio. MD Corbyn Investment Management Inc have 3.68% of their stock portfolio for 2482297 shares. Further, Pinnacle Associates Ltd reported stake worth 0.64% of its US stock portfolio. The FL Rgm Capital Llc owns 6133234 shares. Harmonic Inc is 4.75% of the manager’s US portfolio.

Business Profile

Harmonic Inc. (Harmonic) designs, manufactures and sells video infrastructure products and system solutions. The Company has two segments: Video and Cable Edge. Harmonic provides technical support and professional services to its customers around the world. The Video segment sells video processing and production, and playout solutions and services to broadcast and media companies, streaming media companies, cable operators, and satellite and telecommunications (telco), and pay television (TV) service providers. Its Cable Edge business sells cable edge solutions and related services to cable operators. The Video segment offers software-based media processing platforms. The products in the video segment include video processing solutions, and video production platforms and playout solutions. The Cabled Edge segment offers products, including edge quadrature amplitude modulation (QAM) products, centralized converged cable access platform (CCAP) Solution and Distributed CCAP Solution.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment decreased to 0.71 in 2016 Q2. Its down 0.29, from 1 in 2016Q1. The ratio dived, as 13 funds sold all Harmonic Inc shares owned while 52 reduced positions. 10 funds bought stakes while 36 increased positions. They now own 72.60 million shares or 3.52% more from 70.14 million shares in 2016Q1.

Tradewinds Capital Mgmt Limited Liability Company accumulated 0% or 32 shares. Systematic Fin Mngmt Limited Partnership, a New Jersey-based fund reported 710,628 shares. The California-based California Pub Employees Retirement System has invested 0% in Harmonic Inc (NASDAQ:HLIT). State Board Of Administration Of Florida Retirement last reported 104,081 shares in the company. Coe Capital Management Ltd Liability Co has invested 0% of its portfolio in Harmonic Inc (NASDAQ:HLIT). Moors And Cabot, a Massachusetts-based fund reported 10,000 shares. Alliancebernstein L P reported 90,159 shares or 0% of all its holdings. Ls Advsr Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Texas Permanent School Fund has invested 0% of its portfolio in Harmonic Inc (NASDAQ:HLIT). Advisory Net Ltd Liability Company holds 5,775 shares or 0% of its portfolio. Kcg Inc holds 11,245 shares or 0% of its portfolio. Df Dent & Communication has invested 0% of its portfolio in Harmonic Inc (NASDAQ:HLIT). Voya Investment Management Llc holds 0% of its portfolio in Harmonic Inc (NASDAQ:HLIT) for 49,490 shares. Prudential holds 0% of its portfolio in Harmonic Inc (NASDAQ:HLIT) for 181,364 shares. Axa, a France-based fund reported 172,466 shares.

Analysts await Harmonic Inc (NASDAQ:HLIT) to report earnings on October, 25. They expect $-0.01 EPS, up 66.67% or $0.02 from last year’s $-0.03 per share. After $-0.05 actual EPS reported by Harmonic Inc for the previous quarter, Wall Street now forecasts -80.00% EPS growth.

About 90,709 shares traded hands. Harmonic Inc (NASDAQ:HLIT) has risen 77.01% since February 29, 2016 and is uptrending. It has outperformed by 64.80% the S&P500.

Harmonic Inc. designs, manufactures and sells video infrastructure products and system solutions. The company has a market cap of $465.87 million. The Firm has two divisions: Video and Cable Edge. It currently has negative earnings. Harmonic provides technical support and professional services to its clients around the world.

Harmonic Inc (NASDAQ:HLIT) Ratings Coverage

Out of 3 analysts covering Harmonic Inc (NASDAQ:HLIT), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $6.50 is the highest target while $5 is the lowest. The $5.75 average target is -2.87% below today’s ($5.92) stock price. Harmonic Inc has been the topic of 4 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Drexel Hamilton upgraded Harmonic Inc (NASDAQ:HLIT) on Wednesday, August 10 to “Buy” rating. The company was initiated on Friday, July 24 by Drexel Hamilton. The stock has “Outperform” rating given by Northland Capital on Wednesday, January 13.

More recent Harmonic Inc (NASDAQ:HLIT) news were published by: Fool.com which released: “Why Harmonic, Inc. Shares Popped Today” on September 28, 2016. Also Fool.com published the news titled: “Why Shares of Harmonic Inc. Soared Today” on August 10, 2016. Seekingalpha.com‘s news article titled: “Buy Harmonic: Current Quarter Estimates Support Recent Bullish Momentum” with publication date: September 09, 2016 was also an interesting one.

According to Zacks Investment Research, “Harmonic designs, manufactures and markets digital and fiber optic systems for delivering video, voice and data services over cable, satellite, telephone, and wireless networks. The company’s advanced solutions enable cable television and other network operators to provide a range of broadcast and interactive broadband services that include high-speed Internet access, telephony and video on demand. The company offers a broad range of fiber optic transmission and digital headend products for hybrid fiber coax, satellite and wireless networks.”

HLIT Company Profile

Harmonic Inc. (Harmonic), incorporated on March 29, 1995, designs, makes and sells video infrastructure products and system solutions. The Firm has two divisions: Video and Cable Edge. Harmonic provides technical support and professional services to its clients around the world. The Video segment sells video processing and production, and playout solutions and services to broadcast and media companies, streaming media companies, cable operators, and satellite and telecommunications (telco), and pay television (TV) service providers. The Company’s Cable Edge business sells cable edge solutions and related services to cable operators around the world.

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