As Ctrip Com Intl LTD (CTRP) Market Value Rose, Shareholder Temasek Holdings Private LTD Raised Position; Freeport (FCX) Shareholder Icahn Carl C Cut Stake by $202.06 Million as Stock Price Declined

January 22, 2018 - By Hazel Jackson

Carl Icahn decreased its stake in Freeport (FCX) by 15.76% based on its latest 2017Q3 regulatory filing with the SEC. Icahn Carl C sold 14.43M shares as the company’s stock declined 21.33% while stock markets rallied. The hedge fund run by Carl Icahn held 77.16 million shares of the basic industries company at the end of 2017Q3, valued at $1.08 billion, down from 91.59 million at the end of the previous reported quarter. Icahn Carl C who had been investing in Freeport for a number of months, seems to be less bullish one the $28.97 billion market cap company. The stock increased 0.25% or $0.05 during the last trading session, reaching $20.01. About 9.98 million shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 6.83% since January 22, 2017 and is uptrending. It has underperformed by 9.87% the S&P500.

Temasek Holdings Private Ltd increased its stake in Ctrip Com Intl Ltd (CTRP) by 37% based on its latest 2017Q3 regulatory filing with the SEC. Temasek Holdings Private Ltd bought 1.96 million shares as the company’s stock rose 23.06% with the market. The institutional investor held 7.26M shares of the miscellaneous company at the end of 2017Q3, valued at $382.73M, up from 5.30M at the end of the previous reported quarter. Temasek Holdings Private Ltd who had been investing in Ctrip Com Intl Ltd for a number of months, seems to be bullish on the $23.96B market cap company. The stock decreased 2.35% or $1.1 during the last trading session, reaching $45.75. About 4.40 million shares traded. Ctrip.com International, Ltd. (NASDAQ:CTRP) has risen 31.59% since January 22, 2017 and is uptrending. It has outperformed by 14.89% the S&P500.

Analysts await Freeport-McMoRan Inc. (NYSE:FCX) to report earnings on January, 24. They expect $0.43 EPS, up 72.00% or $0.18 from last year’s $0.25 per share. FCX’s profit will be $622.46M for 11.63 P/E if the $0.43 EPS becomes a reality. After $0.34 actual EPS reported by Freeport-McMoRan Inc. for the previous quarter, Wall Street now forecasts 26.47% EPS growth.

Since August 21, 2017, it had 0 insider buys, and 1 sale for $15,435 activity.

Among 23 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 5 have Buy rating, 5 Sell and 13 Hold. Therefore 22% are positive. Freeport-McMoran Copper & Gold had 92 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, August 29. The company was maintained on Monday, January 25 by RBC Capital Markets. On Monday, October 30 the stock rating was maintained by UBS with “Neutral”. As per Tuesday, August 18, the company rating was maintained by Morgan Stanley. The firm has “Hold” rating by RBC Capital Markets given on Sunday, September 3. S&P Research upgraded the shares of FCX in report on Tuesday, September 1 to “Hold” rating. The stock of Freeport-McMoRan Inc. (NYSE:FCX) has “Mkt Perform” rating given on Wednesday, July 20 by FBR Capital. The firm earned “Mkt Perform” rating on Friday, September 18 by FBR Capital. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Sell” rating by Citigroup on Tuesday, February 23. Jefferies upgraded Freeport-McMoRan Inc. (NYSE:FCX) on Tuesday, May 17 to “Buy” rating.

Investors sentiment is 1 in Q3 2017. Its the same as in 2017Q2. It is flat, as 57 investors sold FCX shares while 214 reduced holdings. only 91 funds opened positions while 181 raised stakes. 961.13 million shares or 0.14% less from 962.50 million shares in 2017Q2 were reported. 181,063 were accumulated by Us Bank De. Blair William Il reported 79,565 shares stake. Cornerstone Capital Management Ltd Liability holds 0.28% or 2.55 million shares. Pinnacle Associate accumulated 494,864 shares. First Quadrant Lp Ca holds 0.33% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX) for 1.22 million shares. Kistler owns 561 shares for 0% of their portfolio. Gsa Capital Limited Liability Partnership, a United Kingdom-based fund reported 21,574 shares. Kentucky Retirement System reported 81,729 shares. Missouri-based Country Club Tru Na has invested 0.05% in Freeport-McMoRan Inc. (NYSE:FCX). Fuller Thaler Asset Mngmt Incorporated invested in 0% or 24,900 shares. Chevy Chase Trust Hldgs Incorporated holds 0.12% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX) for 1.92M shares. Blb&B Advisors Llc holds 0.2% or 90,628 shares. Amica Pension Fund Board Of Trustees reported 0.13% stake. Assetmark Inc stated it has 238 shares or 0% of all its holdings. Utah Retirement accumulated 248,326 shares.

Temasek Holdings Private Ltd, which manages about $17.17B US Long portfolio, decreased its stake in Ihs Markit Ltd by 3.84M shares to 17.34 million shares, valued at $764.20 million in 2017Q3, according to the filing.

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>