Barometer Capital Management buys $26,406,794 stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Barometer Capital Management scooped up 54,500 additional shares in BCE (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 548,200 shares of BCE (USA) which is valued at $26,406,794.BCE (USA) makes up approximately 2.58% of Barometer Capital Management’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in BCE by selling 4,215 shares or 22.85% in the most recent quarter. The Hedge Fund company now holds 14,235 shares of BCE which is valued at $685,700. BCE (USA) makes up approx 0.21% of Independent Portfolio Consultants’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in BCE in the latest quarter, The investment management firm added 338 additional shares and now holds a total of 107,077 shares of BCE (USA) which is valued at $5,169,678. BCE (USA) makes up approx 0.05% of Nn Investment Partners Holdings N.v.’s portfolio.Naples Global Advisors reduced its stake in BCE by selling 150 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 32,155 shares of BCE which is valued at $1,552,443. BCE (USA) makes up approx 0.62% of Naples Global Advisors’s portfolio.

BCE (USA) closed down -0.13 points or -0.27% at $48.17 with 6,31,621 shares getting traded on Monday. Post opening the session at $48.13, the shares hit an intraday low of $47.92 and an intraday high of $48.31 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, BCE (USA) reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.83. The company had revenue of $5270.00 million for the quarter, compared to analysts expectations of $5322.33 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

Many Wall Street Analysts have commented on BCE (USA). BCE (USA) was Downgraded by Citigroup to ” Neutral” on May 26, 2016.

BCE Inc. is a communications company. The Company provides residential business and wholesale customers with a range of solutions to all their communications needs including wireless high-speed Internet Internet protocol television (IPTV) and satellite TV business Internet protocol (IP) broadband and information and communications technology (ICT) services. The Company’s segments include Bell Wireless Bell Wireline and Bell Media. The Company’s Bell Wireless segment provides wireless services that are available to virtually all of the Canadian population. The Bell Wireline segment includes voice and data network; high-speed fiber deployment and bell direct to home (DTH) satellite television service. The Company’s Bell Media segment offers specialty and pay television radio digital media and out-of-home advertising. The Company through Bell media operates approximately 110 radio stations in over 50 markets across Canada.

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