Pcj Investment Counsel Ltd. Lowers stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Pcj Investment Counsel Ltd. reduced its stake in BCE (USA) by 3.17% during the most recent quarter end. The investment management company now holds a total of 1,819,352 shares of BCE (USA) which is valued at $84 Million after selling 59,570 shares in BCE (USA) , the firm said in a disclosure report filed with the SEC on May 13, 2016.BCE (USA) makes up approximately 5.09% of Pcj Investment Counsel Ltd.’s portfolio.

Other Hedge Funds, Including , Sentry Investments Corp. reduced its stake in BCE by selling 15,800 shares or 1.23% in the most recent quarter. The Hedge Fund company now holds 1,266,690 shares of BCE which is valued at $58.5 Million. BCE (USA) makes up approx 0.84% of Sentry Investments Corp.’s portfolio. Gsa Capital Partners Llp sold out all of its stake in BCE during the most recent quarter. The investment firm sold 5,967 shares of BCE which is valued $275,496.Opus Capital Group boosted its stake in BCE in the latest quarter, The investment management firm added 19 additional shares and now holds a total of 9,519 shares of BCE (USA) which is valued at $437,112. BCE (USA) makes up approx 0.10% of Opus Capital Group’s portfolio.De Burlo Group Inc reduced its stake in BCE by selling 400 shares or 1.6% in the most recent quarter. The Hedge Fund company now holds 24,600 shares of BCE which is valued at $1.1 Million. BCE (USA) makes up approx 0.33% of De Burlo Group Inc’s portfolio. Diam Ltd. added BCE to its portfolio by purchasing 63,028 company shares during the most recent quarter which is valued at $2.9 Million. BCE (USA) makes up approx 0.04% of Diam Ltd.’s portfolio.

BCE (USA) opened for trading at $46.55 and hit $46.6 on the upside on Wednesday, eventually ending the session at $46.51, with a gain of 0.48% or 0.22 points. The heightened volatility saw the trading volume jump to 9,50,574 shares. Company has a market cap of $40,400 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.

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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