Ontario Teachers Pension Plan Board Upped Its Position in Pandora Media INC (P) by $35.79 Million

May 25, 2018 - By Kurt Siggers

Pandora Media, Inc. (NYSE:P) LogoInvestors sentiment increased to 1.04 in Q4 2017. 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. Northwestern Mutual Wealth, Wisconsin-based fund reported 17,805 shares. Moreover, Qcm Cayman has 0.39% invested in Pandora Media, Inc. (NYSE:P). Parallax Volatility Advisers LP stated it has 73,746 shares. Gabelli Funds Ltd reported 1.09M shares. Products Ptnrs Ltd reported 0.28% of its portfolio in Pandora Media, Inc. (NYSE:P). Grp Inc One Trading LP stated it has 0% in Pandora Media, Inc. (NYSE:P). Public Sector Pension Board holds 1.50M shares or 0.05% of its portfolio. Oz LP has 0.02% invested in Pandora Media, Inc. (NYSE:P) for 777,500 shares. Great West Life Assurance Can owns 27,248 shares for 0% of their portfolio. Pnc Fincl Gp reported 1,236 shares stake. Eaton Vance reported 37,000 shares. Wells Fargo Mn holds 0% of its portfolio in Pandora Media, Inc. (NYSE:P) for 189,630 shares. Wealthtrust stated it has 500 shares. Deutsche State Bank Ag reported 460,236 shares stake. Fmr Limited Co holds 0% of its portfolio in Pandora Media, Inc. (NYSE:P) for 1.23 million shares.

Since February 16, 2018, it had 0 insider purchases, and 12 insider sales for $1.09 million activity. On Wednesday, May 16 GERBITZ DAVID sold $52,386 worth of Pandora Media, Inc. (NYSE:P) or 7,082 shares. The insider Phillips Christopher W sold 22,083 shares worth $161,652. Trimble John also sold $59,154 worth of Pandora Media, Inc. (NYSE:P) on Wednesday, May 16. Robinson Kristen had sold 11,403 shares worth $57,757. 11,663 shares were sold by Walker Karen Sammis, worth $86,271 on Wednesday, May 16.

Ontario Teachers Pension Plan Board increased its stake in Pandora Media Inc (P) by 126.86% based on its latest 2017Q4 regulatory filing with the SEC. Ontario Teachers Pension Plan Board bought 8.95 million shares as the company’s stock rose 11.09% while stock markets declined. The institutional investor held 16.00 million shares of the consumer services company at the end of 2017Q4, valued at $77.12M, up from 7.05 million at the end of the previous reported quarter. Ontario Teachers Pension Plan Board who had been investing in Pandora Media Inc for a number of months, seems to be bullish on the $1.80 billion market cap company. The stock decreased 4.74% or $0.35 during the last trading session, reaching $7.04. About 11.07M shares traded or 16.01% up from the average. Pandora Media, Inc. (NYSE:P) has declined 55.28% since May 25, 2017 and is downtrending. It has underperformed by 66.83% the S&P500.

Ontario Teachers Pension Plan Board, which manages about $8.12B US Long portfolio, decreased its stake in Blackrock Inc (NYSE:BLK) by 8,610 shares to 49,597 shares, valued at $25.48 million in 2017Q4, according to the filing. It also reduced its holding in Abbott Labs (NYSE:ABT) by 95,976 shares in the quarter, leaving it with 180,976 shares, and cut its stake in Bristol Myers Squibb Co (NYSE:BMY).

More important 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 Streetinsider.com published article titled: “KeyBanc Remains Sidelined on Pandora (P) Following Convertible Extension”, 247Wallst.com published: “What to Watch For in Pandora Earnings” on May 03, 2018. More interesting news about Pandora Media, Inc. (NYSE:P) was released by: Streetinsider.com and their article: “Pandora (P): Debt Extension Could Bridge The Gap To EBITDA Break Even – Stifel” with publication date: May 25, 2018.

Pandora Media, Inc. (NYSE:P) Ratings Coverage

Among 16 analysts covering Pandora Media (NYSE:P), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. Pandora Media had 20 analyst reports since December 6, 2017 according to SRatingsIntel. Credit Suisse maintained it with “Neutral” rating and $5 target in Thursday, February 22 report. The firm has “Hold” rating given on Thursday, February 22 by Susquehanna. On Tuesday, April 10 the stock rating was maintained by J.P. Morgan with “Hold”. Canaccord Genuity maintained it with “Buy” rating and $800 target in Friday, May 4 report. The stock has “Strong Buy” rating by Raymond James on Thursday, March 22. The rating was upgraded by FBR Capital to “Buy” on Friday, May 4. On Thursday, February 22 the stock rating was maintained by Bank of America with “Underperform”. JP Morgan maintained Pandora Media, Inc. (NYSE:P) rating on Wednesday, April 11. JP Morgan has “Neutral” rating and $7 target. The company was upgraded on Friday, May 4 by SunTrust. The stock has “Buy” rating by Canaccord Genuity on Thursday, April 5.

Pandora Media, Inc. (NYSE:P) Institutional Positions Chart

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