Coconut Grove Bank buys $822,011 stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Coconut Grove Bank scooped up 913 additional shares in BCE (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 17,804 shares of BCE (USA) which is valued at $822,011.BCE (USA) makes up approximately 0.75% of Coconut Grove Bank’s portfolio.

Other Hedge Funds, Including , Uss Investment Management Ltd boosted its stake in BCE in the latest quarter, The investment management firm added 83,296 additional shares and now holds a total of 154,628 shares of BCE (USA) which is valued at $7.1 Million. BCE (USA) makes up approx 0.12% of Uss Investment Management Ltd’s portfolio. Spot Trading L.l.c sold out all of its stake in BCE during the most recent quarter. The investment firm sold 1,210 shares of BCE which is valued $55,866.Mondrian Investment Partners Ltd boosted its stake in BCE in the latest quarter, The investment management firm added 72,558 additional shares and now holds a total of 2,697,292 shares of BCE (USA) which is valued at $123.9 Million. BCE (USA) makes up approx 2.85% of Mondrian Investment Partners Ltd’s portfolio.Russell Frank Co boosted its stake in BCE in the latest quarter, The investment management firm added 347,316 additional shares and now holds a total of 1,452,223 shares of BCE (USA) which is valued at $68.1 Million. BCE (USA) makes up approx 0.12% of Russell Frank Co’s portfolio.Candriam Luxembourg S.c.a. reduced its stake in BCE by selling 4,520 shares or 5.6% in the most recent quarter. The Hedge Fund company now holds 76,175 shares of BCE which is valued at $3.6 Million. BCE (USA) makes up approx 0.09% of Candriam Luxembourg S.c.a.’s portfolio.

BCE (USA) opened for trading at $46.35 and hit $46.71 on the upside on Monday, eventually ending the session at $46.54, with a gain of 0.80% or 0.37 points. The heightened volatility saw the trading volume jump to 6,51,526 shares. Company has a market cap of $40,426 M.

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.

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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