London mayor says firms must play by the rules as Uber faces license renewal

LONDON (Reuters) – London’s Mayor Sadiq Khan said everyone must play by the rules when asked on Thursday about taxi app Uber’s (UBER.

FILE PHOTO: A screen displays the company logo for Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo

LONDON (Reuters) – London’s Mayor Sadiq Khan said everyone must play by the rules when asked on Thursday about taxi app Uber’s (UBER.N) London license, which is due to expire in less than a month’s time.

“It would be inappropriate for me during a time we’re considering the application from any operator to comment on it and give a running commentary,” Khan told LBC radio.

“You will know my track record which is standing up to the big boys, and they are boys, and make sure everyone plays by the rules whether you’re a big business or whether you’re a small business and I don’t care how many lawyers you employ or how big your PR budget.”

Regulator Transport for London decides on licenses and is chaired by Khan.

Reporting by Costas Pitas, Editing by Paul Sandle

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Mackay Shields Has Upped Holding in Waste Mgmt Del (WM) as Share Value Rose; Contour Asset …

The stock decreased 2.79% or $0.16 during the last trading session, … 4.60M shares, and cut its stake in Cboe Global Markets Inc (NASDAQ:CBOE).

Waste Management, Inc. (NYSE:WM) Logo

Contour Asset Management Llc increased its stake in Zynga Inc (ZNGA) by 10.52% based on its latest 2019Q1 regulatory filing with the SEC. Contour Asset Management Llc bought 2.04M shares as the company’s stock rose 15.79% . The hedge fund held 21.40M shares of the edp services company at the end of 2019Q1, valued at $114.09 million, up from 19.37 million at the end of the previous reported quarter. Contour Asset Management Llc who had been investing in Zynga Inc for a number of months, seems to be bullish on the $5.25B market cap company. The stock decreased 2.79% or $0.16 during the last trading session, reaching $5.57. About 13.26 million shares traded. Zynga Inc. (NASDAQ:ZNGA) has risen 66.15% since August 25, 2018 and is uptrending. It has outperformed by 66.15% the S&P500. Some Historical ZNGA News: 30/05/2018 – Zynga On Track to Deliver Results in Line With Original 2Q Guidance; 02/05/2018 – Zynga’s founder cedes control in a rare move for tech companies; 30/05/2018 – ZYNGA SAYS ACQUIRED PRIVATELY-HELD MOBILE GAME DEVELOPER GRAM GAMES; 15/05/2018 – Words With Friends 2 & Elizabeth Hurley Celebrate the Wedding of the Year With the Launch of the Royal Social Dictionary; 02/05/2018 – Zynga: Pincus’ Share Conversion Establishes Voting Rights Parity for All Zynga Shareholders; 30/05/2018 – Zynga Backs 2Q Rev $208M; 25/04/2018 – Zynga and BMW Put CSR Racing 2 Players Behind the Wheel of the New BMW M2 Competition; 06/03/2018 Zynga Conference Call Scheduled By Aliya Capital for Mar. 9; 02/05/2018 – ZYNGA FOUNDER PINCUS ESTABLISHES VOTING RIGHTS PARITY; 30/05/2018 – Zynga Doesn’t Expect Any Significant Rev Impact From Gram Games in 2Q

Mackay Shields Llc increased its stake in Waste Mgmt Inc Del (WM) by 7.82% based on its latest 2019Q1 regulatory filing with the SEC. Mackay Shields Llc bought 17,570 shares as the company’s stock rose 10.33% . The institutional investor held 242,337 shares of the public utilities company at the end of 2019Q1, valued at $25.18 million, up from 224,767 at the end of the previous reported quarter. Mackay Shields Llc who had been investing in Waste Mgmt Inc Del for a number of months, seems to be bullish on the $49.18B market cap company. The stock decreased 1.81% or $2.14 during the last trading session, reaching $115.93. About 1.94 million shares traded or 9.57% up from the average. Waste Management, Inc. (NYSE:WM) has risen 31.65% since August 25, 2018 and is uptrending. It has outperformed by 31.65% the S&P500. Some Historical WM News: 15/03/2018 – Asia Pacific Food Waste Management Market Analysis 2017-2023 – ResearchAndMarkets.com; 24/04/2018 – Global Food Waste Management Infused with Smart Waste Technologies Projected to Near $75 Billion by 2025; 20/04/2018 – WASTE MANAGEMENT INC WM.N FY2018 SHR VIEW $4.00 — THOMSON REUTERS l/B/E/S; 22/03/2018 – TOX FREE SOLUTIONS LTD TOX.AX – REFERS TO SCHEME OF ARRANGEMENT UNDER WHICH CLEANAWAY WASTE MANAGEMENT LTDWILL ACQUIRE ENTIRE STAKE IN TOXFREE; 10/04/2018 – Global Waste Management Market Expected to Reach $285.0 Billion by 2023 – Allied Market Research; 20/04/2018 – Waste Management 1Q Net $396M; 13/03/2018 – SAUDI NUCLEAR POLICY INCLUDES OPTIMAL UTILIZATION OF NATURAL RESOURCES FROM NUCLEAR MATERIALS, APPLYING BEST PRACTICES FOR RADIOACTIVE WASTE MANAGEMENT – SPA; 20/04/2018 – WASTE MANAGEMENT 1Q OPER REV. $3.51B, EST. $3.57B; 23/03/2018 – CNBC Now: BREAKING: Wayne Huizenga, founder of Blockbuster Video, Waste Management, and AutoNation, has died at the age of; 07/05/2018 – Moody’s Cites Waste Management’s Cash Generation, Free Cash Flow Expected in $1B Range This Year

Investors sentiment increased to 1.09 in Q1 2019. Its up 0.12, from 0.97 in 2018Q4. It increased, as 40 investors sold WM shares while 314 reduced holdings. 120 funds opened positions while 267 raised stakes. 299.79 million shares or 2.52% less from 307.53 million shares in 2018Q4 were reported. Howard Management holds 2.06% in Waste Management, Inc. (NYSE:WM) or 140,602 shares. Private Tru Co Na accumulated 12,795 shares or 0.28% of the stock. Nomura Hldg reported 117,873 shares stake. Landscape Mngmt Ltd Liability Corporation accumulated 11,100 shares or 0.11% of the stock. Dixon Hubard Feinour And Brown Inc Va invested in 0.37% or 11,860 shares. Prio Wealth LP reported 0.13% of its portfolio in Waste Management, Inc. (NYSE:WM). Putnam Invests Ltd Liability Com accumulated 326,584 shares. Smith Moore And Co reported 4,269 shares or 0.11% of all its holdings. Endurance Wealth holds 0% or 125 shares in its portfolio. Prudential Public Limited Company owns 28,626 shares or 0.01% of their US portfolio. Moreover, Wellington Shields Capital Mngmt Llc has 0.05% invested in Waste Management, Inc. (NYSE:WM). Mastrapasqua Asset has invested 1.53% in Waste Management, Inc. (NYSE:WM). Chevy Chase holds 0.15% or 328,267 shares. Suntrust Banks reported 0.02% in Waste Management, Inc. (NYSE:WM). Trustmark Commercial Bank Department holds 0.07% or 6,309 shares.

Mackay Shields Llc, which manages about $81.03 billion and $14.20 billion US Long portfolio, decreased its stake in Nordstrom Inc (NYSE:JWN) by 16,128 shares to 15,789 shares, valued at $701,000 in 2019Q1, according to the filing. It also reduced its holding in Neurocrine Biosciences Inc (Prn) by 16.91 million shares in the quarter, leaving it with 4.60M shares, and cut its stake in Cboe Global Markets Inc (NASDAQ:CBOE).

More notable recent Waste Management, Inc. (NYSE:WM) news were published by: Seekingalpha.com which released: “Waste Management: Q2 Update – Seeking Alpha” on August 18, 2019, also Finance.Yahoo.com with their article: “Is Waste Management, Inc. (NYSE:WM) Overpaying Its CEO? – Yahoo Finance” published on May 09, 2019, Finance.Yahoo.com published: “Is Waste Management, Inc. (WM) A Good Stock To Buy? – Yahoo Finance” on June 07, 2019. More interesting news about Waste Management, Inc. (NYSE:WM) were released by: Businesswire.com and their article: “Waste Management, Inc. Elects William B. Plummer to Board of Directors – Business Wire” published on August 20, 2019 as well as Nasdaq.com‘s news article titled: “10 Stocks to Own Through a Global Recession – Nasdaq” with publication date: August 21, 2019.

Contour Asset Management Llc, which manages about $2.80B and $1.40 billion US Long portfolio, decreased its stake in Autodesk Inc (NASDAQ:ADSK) by 50,927 shares to 516,602 shares, valued at $80.50M in 2019Q1, according to the filing. It also reduced its holding in Zynga Inc (Call) (NASDAQ:ZNGA) by 18.09M shares in the quarter, leaving it with 1.28M shares, and cut its stake in Ellie Mae Inc (NYSE:ELLI).

Zynga Inc. (NASDAQ:ZNGA) Institutional Positions Chart

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Cyberark Software Ltd (NASDAQ:CYBR) Stake Cut by Eagle Asset Management Inc.

Acadian Asset Management LLC raised its stake in shares of Cyberark Software by 2.1% during the 1st quarter. Acadian Asset Management LLC now …

Cyberark Software logoEagle Asset Management Inc. reduced its holdings in Cyberark Software Ltd (NASDAQ:CYBR) by 2.9% in the 2nd quarter, Holdings Channel reports. The fund owned 4,942 shares of the technology company’s stock after selling 145 shares during the period. Eagle Asset Management Inc.’s holdings in Cyberark Software were worth $631,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CYBR. Acadian Asset Management LLC raised its stake in shares of Cyberark Software by 2.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,510,482 shares of the technology company’s stock worth $179,824,000 after purchasing an additional 30,358 shares in the last quarter. Swedbank bought a new position in shares of Cyberark Software in the 1st quarter valued at approximately $120,062,000. OppenheimerFunds Inc. raised its stake in shares of Cyberark Software by 21.4% in the 1st quarter. OppenheimerFunds Inc. now owns 735,302 shares of the technology company’s stock valued at $87,538,000 after acquiring an additional 129,450 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Cyberark Software by 2,646.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 371,977 shares of the technology company’s stock valued at $44,284,000 after acquiring an additional 358,435 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Cyberark Software by 53.3% in the 1st quarter. Principal Financial Group Inc. now owns 284,018 shares of the technology company’s stock valued at $33,812,000 after acquiring an additional 98,732 shares in the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Cyberark Software stock opened at $115.84 on Friday. The company has a market capitalization of $4.52 billion, a PE ratio of 70.00, a price-to-earnings-growth ratio of 5.89 and a beta of 1.58. Cyberark Software Ltd has a one year low of $64.66 and a one year high of $148.74. The business has a 50 day simple moving average of $130.05 and a 200 day simple moving average of $121.56.

Cyberark Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, August 7th. The technology company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.34. The business had revenue of $100.18 million during the quarter, compared to the consensus estimate of $97.35 million. Cyberark Software had a return on equity of 13.47% and a net margin of 15.23%. Cyberark Software’s revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS. On average, sell-side analysts anticipate that Cyberark Software Ltd will post 1.29 EPS for the current year.

CYBR has been the topic of a number of recent analyst reports. Evercore ISI set a $140.00 price objective on Cyberark Software and gave the company a “buy” rating in a research note on Wednesday, August 7th. ValuEngine downgraded Cyberark Software from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research raised Cyberark Software from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a research note on Tuesday, August 13th. JPMorgan Chase & Co. set a $160.00 price objective on Cyberark Software and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Dougherty & Co raised their price objective on Cyberark Software from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $124.52.

Cyberark Software Profile

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company’s solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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Institutional Ownership by Quarter for Cyberark Software (NASDAQ:CYBR)

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HIS says abandons bid to increase stake in Unizo

Instead it backed the bid by Fortress Investment Group, a SoftBank Group (9984.T)-owned asset manager, which offered to buy all the shares in Unizo …

TOKYO (Reuters) – Japanese travel agent H.I.S. Co (9603.T) said on Saturday it is abandoning its bid for control of Unizo Holdings (3258.T), buckling in the face of a ‘white knight’ offer from SoftBank’s investment firm for the entirety of the hotel chain.

H.I.S., which already owns 4.79% in Unizo, last month launched the tender offer to buy about 40% of Unizo shares at 3,100 yen apiece.

H.I.S. said in a statement no shares were tendered to its offer that ran until Friday.

Unizo had rejected H.I.S.’s offer, which was valued at $390 million, saying it was too low and lacked synergy. Instead it backed the bid by Fortress Investment Group, a SoftBank Group (9984.T)-owned asset manager, which offered to buy all the shares in Unizo for 4,000 yen apiece.

The tug-of-war over Unizo has marked a stark departure from most acquisitions in Japan, where takeovers tend to be pre-agreed deals waiting to be rubber-stamped.

H.I.S.’s surprise hostile bid has helped Unizo shares more than double since July 9 – the day before the travel agent’s offer was announced – and provided a boost for minority shareholders.

Indeed, Fortress could be pressured by minority shareholders to raise its offer price, market participants had said.

The corporate activity has seen U.S. hedge fund Elliott Management emerge as a player. Elliott holds a 9.9% stake in Unizo, while Japan’s Ichigo Asset Management has built it stake to 6.64%, according to public filings.

Elliott is known for buying stakes in companies in the midst of acquisitions and forcing better terms for minority shareholders.

Unizo shares closed up 1.4% at 4,335 yen on Friday, while those of H.I.S. rose 3.76% to 2,623 yen.

Reporting by Junko Fujita; Editing by Shri Navaratnam

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