Is Comcast Corporation (NASDAQ:CMCSK) a buy?
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Now that that’s out of the way, we’re going to study the newest info for Comcast Corporation (NASDAQ:CMCSK).
What does the smart money think about Comcast Corporation (NASDAQ:CMCSK)?
Heading into Q3, a total of 30 of the hedge funds we track held long positions in this stock, a change of 3% from the first quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were increasing their stakes significantly.
As industrywide interest increased, particular hedge funds have been driving this bullishness. First Eagle Investment Management, managed by Matt McLennan, created the most outsized position in Comcast Corporation (NASDAQ:CMCSK). First Eagle Investment Management had 967.9 million invested in the company at the end of the quarter. Boykin Curry’s Eagle Capital Management also made a $575.9 million investment in the stock during the quarter. The other funds with new positions in the stock are Donald Yacktman’s Yacktman Asset Management, Tom Russo’s Gardner Russo & Gardner, and Peter Rathjens Bruce Clarke and John Campbell’s Arrowstreet Capital.
What do corporate executives and insiders think about Comcast Corporation (NASDAQ:CMCSK)?
Bullish insider trading is most useful when the primary stock in question has experienced transactions within the past 180 days. Over the latest half-year time frame, Comcast Corporation (NASDAQ:CMCSK) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll check out the relationship between both of these indicators in other stocks similar to Comcast Corporation (NASDAQ:CMCSK). These stocks are Liberty Global Inc. (NASDAQ:LBTYA), Discovery Communications Inc. (NASDAQ:DISCA), Time Warner Cable Inc (NYSE:TWC), Viacom, Inc. (NASDAQ:VIAB), and DIRECTV (NASDAQ:DTV). This group of stocks are in the catv systems industry and their market caps resemble CMCSK’s market cap.
