The UBS Asset Management Americas Inc. reaches $2,213,000 position of Dreamworks Animation SKG Inc. (DWA)

The UBS Asset Management Americas Inc. reaches $2,213,000 position  of Dreamworks Animation SKG Inc. (DWA)

UBS Asset Management Americas Inc. raised its position in shares of Dreamworks Animation SKG Inc. (NASDAQ:DWA) by 64.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 54,143 shares of the company’s stock after buying an additional 21,146 shares during the period. UBS Asset Management Americas Inc. owned about 0.06% of Dreamworks Animation SKG worth $2,213,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Dreamworks Animation SKG by 12.4% in the first quarter. BlackRock Inc. now owns 28,942 shares of the company’s stock worth $722,000 after buying an additional 3,185 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Dreamworks Animation SKG by 35.3% in the first quarter. BlackRock Group LTD now owns 52,927 shares of the company’s stock worth $1,321,000 after buying an additional 13,811 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Dreamworks Animation SKG by 2.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,133,106 shares of the company’s stock worth $53,221,000 after buying an additional 43,857 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Dreamworks Animation SKG by 45,800.0% in the first quarter. Canada Pension Plan Investment Board now owns 91,800 shares of the company’s stock worth $2,290,000 after buying an additional 91,600 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Dreamworks Animation SKG by 3.5% in the first quarter. Wellington Management Group LLP now owns 5,699,570 shares of the company’s stock worth $142,204,000 after buying an additional 194,059 shares during the last quarter.

Shares of Dreamworks Animation SKG Inc. (NASDAQ:DWA) remained flat at $40.97 on Friday. The company’s 50 day moving average is $40.97 and its 200-day moving average is $34.11. Dreamworks Animation SKG Inc. has a 52-week low of $17.02 and a 52-week high of $41.13.

Dreamworks Animation SKG (NASDAQ:DWA) last posted its earnings results on Wednesday, August 3rd. The company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.09. The firm had revenue of $220.93 million for the quarter, compared to analyst estimates of $182.11 million. Analysts forecast that Dreamworks Animation SKG Inc. will post $0.32 earnings per share for the current year.

A number of brokerages recently issued reports on DWA. Zacks Investment Research raised shares of Dreamworks Animation SKG from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. Topeka Capital Markets raised shares of Dreamworks Animation SKG from a “sell” rating to a “hold” rating and boosted their price target for the company from $17.00 to $18.00 in a report on Thursday, August 25th. B. Riley reissued a “neutral” rating and issued a $41.00 price target on shares of Dreamworks Animation SKG in a report on Thursday, August 4th. Finally, FBR & Co reissued a “hold” rating and issued a $41.00 price target on shares of Dreamworks Animation SKG in a report on Tuesday, July 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $30.91.

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