Blenheim Natural Resources Plc (LON:BNR) Coveraged By Align Research with GBX 1.19 Target; Point72 Asset Management LP Has Increased Its Te Connectivity LTD (TEL) Position

January 9, 2018 - By Nellie Frank

In a an analyst note sent to investors on Monday morning, Align Research analyst just has begun coverage of Blenheim Natural Resources Plc (LON:BNR) with “Conviction Buy” rating. The target price per share is set to GBX 1.19.

Point72 Asset Management Lp increased Te Connectivity Ltd (TEL) stake by 468.34% reported in 2017Q3 SEC filing. Point72 Asset Management Lp acquired 414,952 shares as Te Connectivity Ltd (TEL)’s stock declined 0.72%. The Point72 Asset Management Lp holds 503,552 shares with $41.83M value, up from 88,600 last quarter. Te Connectivity Ltd now has $35.10B valuation. The stock increased 0.21% or $0.21 during the last trading session, reaching $99.81. About 1.61M shares traded or 11.88% up from the average. TE Connectivity Ltd. (NYSE:TEL) has risen 29.30% since January 9, 2017 and is uptrending. It has outperformed by 12.60% the S&P500.

The stock decreased 6.80% or GBX 0.03 during the last trading session, reaching GBX 0.48. About 11.70M shares traded. Blenheim Natural Resources plc (LON:BNR) has 0.00% since January 9, 2017 and is . It has underperformed by 16.70% the S&P500.

Blenheim Natural Resources Plc invests in companies or assets in the natural resources and agribusiness sectors. The company has market cap of 5.05 million GBP. It engages in establishing strategic and portfolio investments in listed and unlisted shares, as well as in projects in the natural resource sector covering the mining, gas and oil, and agricultural sectors. It currently has negative earnings. The firm was formerly known as Coburg Group plc and changed its name to Blenheim Natural Resources Plc in September 2015.

Since August 1, 2017, it had 0 insider buys, and 7 insider sales for $55.78 million activity. 126,190 shares were sold by MERKT STEVEN T, worth $10.11 million on Wednesday, August 2. $14.75 million worth of TE Connectivity Ltd. (NYSE:TEL) was sold by LYNCH THOMAS J on Friday, September 1. The insider Donahue Joseph B sold 6,300 shares worth $508,380. 6,000 shares were sold by CALASTRI MARIO, worth $481,357.

Point72 Asset Management Lp decreased Irhythm Technologies Inc stake by 333,549 shares to 268,451 valued at $13.93M in 2017Q3. It also reduced Salesforce Com Inc (NYSE:CRM) stake by 594,700 shares and now owns 79,000 shares. Nokia Corp (NYSE:NOK) was reduced too.

Investors sentiment increased to 1 in 2017 Q3. Its up 0.03, from 0.97 in 2017Q2. It is positive, as 26 investors sold TEL shares while 200 reduced holdings. 61 funds opened positions while 164 raised stakes. 311.89 million shares or 0.86% more from 309.23 million shares in 2017Q2 were reported. Westpac Banking, a Australia-based fund reported 22,971 shares. Us Bank & Trust De holds 72,928 shares. Canada Pension Plan Inv Board accumulated 0.01% or 34,826 shares. Millennium Management Llc has invested 0.06% in TE Connectivity Ltd. (NYSE:TEL). S&Co Inc has 0.28% invested in TE Connectivity Ltd. (NYSE:TEL). Moreover, Kbc Group Nv has 0.26% invested in TE Connectivity Ltd. (NYSE:TEL) for 348,061 shares. Shelton holds 0.49% or 76,636 shares in its portfolio. Lyrical Asset Mgmt Limited Partnership invested 3.88% in TE Connectivity Ltd. (NYSE:TEL). Northern Management Limited Liability holds 0.77% or 29,925 shares in its portfolio. State Of Tennessee Treasury Department holds 0.04% in TE Connectivity Ltd. (NYSE:TEL) or 96,603 shares. Comerica reported 27,845 shares. Stevens Capital Management Limited Partnership has invested 0.23% in TE Connectivity Ltd. (NYSE:TEL). Old Natl Bankshares In holds 0.05% of its portfolio in TE Connectivity Ltd. (NYSE:TEL) for 11,826 shares. Prudential Fincl Incorporated invested 0.07% of its portfolio in TE Connectivity Ltd. (NYSE:TEL). Tower Rech Cap Ltd Com (Trc) holds 306 shares.

Among 12 analysts covering TE Connectivity (NYSE:TEL), 9 have Buy rating, 1 Sell and 2 Hold. Therefore 75% are positive. TE Connectivity had 35 analyst reports since July 23, 2015 according to SRatingsIntel. RBC Capital Markets maintained TE Connectivity Ltd. (NYSE:TEL) on Thursday, October 29 with “Outperform” rating. The company was maintained on Friday, September 15 by Cowen & Co. Cowen & Co maintained it with “Buy” rating and $9500 target in Wednesday, August 9 report. As per Thursday, December 7, the company rating was maintained by Cowen & Co. As per Wednesday, January 4, the company rating was downgraded by Goldman Sachs. The stock has “Buy” rating by Longbow on Thursday, January 12. The company was maintained on Thursday, July 23 by Stifel Nicolaus. On Monday, September 4 the stock rating was maintained by Stifel Nicolaus with “Buy”. Wells Fargo initiated the stock with “Outperform” rating in Friday, November 10 report. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, January 15 report.

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