Marsico Capital Management Stake in First Rep Bk San Francisco C (FRC) Increased as Shares Rose; Concho Res (CXO) Holder Clinton Group Has Upped Position

June 19, 2018 - By Clifton Ray

First Republic Bank (NYSE:FRC) Logo

Greg Taxin increased its stake in Concho Res Inc (CXO) by 429.59% based on its latest 2018Q1 regulatory filing with the SEC. Clinton Group Inc bought 11,659 shares as the company’s stock declined 9.93% with the market. The hedge fund run by Greg Taxin held 14,373 shares of the oil & gas production company at the end of 2018Q1, valued at $2.16M, up from 2,714 at the end of the previous reported quarter. Clinton Group Inc who had been investing in Concho Res Inc for a number of months, seems to be bullish on the $19.20B market cap company. The stock increased 1.45% or $1.86 during the last trading session, reaching $130.48. About 1.74M shares traded. Concho Resources Inc. (NYSE:CXO) has risen 8.67% since June 19, 2017 and is uptrending. It has underperformed by 3.90% the S&P500. Some Historical CXO News: 28/03/2018 – Concho Resources Expects to Realize Over $60M in Annual Corporate Level Savings; 09/04/2018 – The Law Offices of Vincent Wong Notifies Investors of an Investigation into RSP Permian, Inc. in Connection with the Sale of the Company to Concho Resources Inc; 17/05/2018 – Andeavor, Concho Resources and Phillips 66 are among the top performers across 16 similar three-month oil price environments, according to hedge fund analytics tool Kensho; 28/03/2018 – CONCHO RESOURCES INC – ACQUISITION IS EXPECTED TO BE ACCRETIVE IN FIRST YEAR TO CONCHO’S KEY PER-SHARE METRICS; 28/03/2018 – Concho Resources to Buy RSP Permian in Deal Valued at $9.5B; 28/03/2018 – Shale Producer Concho Buys Rival RSP Permian in $8 Billion Deal; 14/05/2018 – Concho Closes Below 50-Day Moving Average: Technicals; 30/03/2018 – Concho Resources’ (CXO) CEO Tim Leach on Concho Resources Acquisition of RSP Permian (Transcript); 28/03/2018 – Oil producer Concho to buy rival RSP in Permian push; 02/05/2018 – Concho at Citi Global Energy & Utilities Conference May 15

Marsico Capital Management Llc increased its stake in First Rep Bk San Francisco C (FRC) by 2.34% based on its latest 2018Q1 regulatory filing with the SEC. Marsico Capital Management Llc bought 11,527 shares as the company’s stock rose 4.55% while stock markets declined. The institutional investor held 503,679 shares of the company at the end of 2018Q1, valued at $46.65 million, up from 492,152 at the end of the previous reported quarter. Marsico Capital Management Llc who had been investing in First Rep Bk San Francisco C for a number of months, seems to be bullish on the $16.31 billion market cap company. The stock increased 0.94% or $0.935 during the last trading session, reaching $100.685. About 672,368 shares traded. First Republic Bank (NYSE:FRC) has risen 7.17% since June 19, 2017 and is uptrending. It has underperformed by 5.40% the S&P500. Some Historical FRC News: 05/03/2018 – Trump’s Lawyer Complained About Not Being Reimbursed for Paying Porn Star; 30/05/2018 – Moody’s assigns provisional ratings to Prime RMBS issued by Sequoia Mortgage Trust 2018-6; 24/05/2018 – First Republic Short-Interest Ratio Rises 11% to 13 Days; 21/03/2018 – CommonBond Secures $50M Series D Equity Round, Led by Fifth Third Bancorp; 12/04/2018 – First Republic Bank Chairman and CEO Jim Herbert Appointed to Federal Reserve System’s Federal Advisory Council; 26/03/2018 – FIRST REPUBLIC BANK FRC.N : BMO RAISES TARGET PRICE TO $96 FROM $93; 24/05/2018 – Moody’s assigns definitive ratings to Prime RMBS issued by Sequoia Mortgage Trust 2018-CH2; 22/04/2018 – DJ First Republic Bank, Inst Holders, 1Q 2018 (FRC); 22/03/2018 – FIRST REPUBLIC BANK FRC.N : UBS STARTS WITH NEUTRAL RATING: TARGET PRICE $100; 05/04/2018 – Wealth Manager Andrea Borgioli Joins First Republic in Santa Barbara

More news for Concho Resources Inc. (NYSE:CXO) were recently published by: Gurufocus.com, which released: “5 Energy Stocks Gurus Are Buying” on June 19, 2018. Benzinga.com‘s article titled: “Benzinga’s Top Upgrades, Downgrades For June 18, 2018” and published on June 18, 2018 is yet another important article.

Among 31 analysts covering Concho Resources Inc. (NYSE:CXO), 19 have Buy rating, 0 Sell and 12 Hold. Therefore 61% are positive. Concho Resources Inc. had 127 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Buy” rating and $164.0 target in Wednesday, November 1 report. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, August 24 report. Deutsche Bank maintained Concho Resources Inc. (NYSE:CXO) rating on Wednesday, December 9. Deutsche Bank has “Buy” rating and $132 target. As per Tuesday, August 8, the company rating was maintained by Barclays Capital. The firm earned “Overweight” rating on Wednesday, October 18 by Morgan Stanley. KeyBanc Capital Markets maintained the shares of CXO in report on Thursday, October 19 with “Buy” rating. The firm earned “Hold” rating on Thursday, June 7 by Bernstein. As per Thursday, July 20, the company rating was maintained by RBC Capital Markets. Cowen & Co maintained the shares of CXO in report on Thursday, October 19 with “Hold” rating. Vetr downgraded the stock to “Strong-Buy” rating in Monday, August 31 report.

Clinton Group Inc, which manages about $2.04B and $931.78 million US Long portfolio, decreased its stake in Arris Intl Inc by 334,585 shares to 97,363 shares, valued at $2.59M in 2018Q1, according to the filing. It also reduced its holding in Hp Inc by 219,159 shares in the quarter, leaving it with 186,279 shares, and cut its stake in Freeport (NYSE:FCX).

Investors sentiment decreased to 0.98 in 2018 Q1. Its down 0.43, from 1.41 in 2017Q4. It fall, as 45 investors sold CXO shares while 154 reduced holdings. 71 funds opened positions while 124 raised stakes. 143.38 million shares or 2.31% more from 140.14 million shares in 2017Q4 were reported. Moreover, 3G Cap Prns LP has 6.37% invested in Concho Resources Inc. (NYSE:CXO) for 600,000 shares. State Of Wisconsin Inv Board stated it has 0.03% in Concho Resources Inc. (NYSE:CXO). 1832 Asset Management LP owns 20,400 shares or 0.01% of their US portfolio. Wetherby Asset Mngmt Incorporated, a California-based fund reported 2,311 shares. Nikko Asset Management Americas invested 0.26% of its portfolio in Concho Resources Inc. (NYSE:CXO). Rothschild Cap Lc holds 0.38% of its portfolio in Concho Resources Inc. (NYSE:CXO) for 5,172 shares. Mason Street Advsr Ltd Liability Co reported 20,765 shares or 0.07% of all its holdings. Lombard Odier Asset Mngmt (Europe) Ltd invested in 1,737 shares or 0.02% of the stock. The New York-based Moore Capital Mngmt Lp has invested 0.02% in Concho Resources Inc. (NYSE:CXO). Principal Fincl Grp Inc has invested 0.03% of its portfolio in Concho Resources Inc. (NYSE:CXO). Strs Ohio reported 11,050 shares. Fmr Limited Liability has 4.12 million shares for 0.07% of their portfolio. Automobile Association holds 0.02% or 46,348 shares. Meiji Yasuda Asset Mngmt Ltd invested in 2,131 shares or 0.03% of the stock. Manchester Capital Management Lc stated it has 0% of its portfolio in Concho Resources Inc. (NYSE:CXO).

Since January 2, 2018, it had 0 insider purchases, and 1 insider sale for $603,480 activity.

Among 21 analysts covering First Republic Bank (NYSE:FRC), 10 have Buy rating, 0 Sell and 11 Hold. Therefore 48% are positive. First Republic Bank had 89 analyst reports since October 6, 2015 according to SRatingsIntel. The company was maintained on Monday, July 10 by Piper Jaffray. Barclays Capital maintained First Republic Bank (NYSE:FRC) on Tuesday, January 2 with “Hold” rating. The stock of First Republic Bank (NYSE:FRC) earned “Hold” rating by BMO Capital Markets on Friday, July 14. Maxim Group maintained the shares of FRC in report on Monday, December 19 with “Buy” rating. The firm has “Hold” rating by RBC Capital Markets given on Friday, July 14. Maxim Group maintained the shares of FRC in report on Monday, July 17 with “Buy” rating. The company was upgraded on Wednesday, November 11 by Raymond James. The rating was maintained by Keefe Bruyette & Woods on Monday, February 26 with “Hold”. RBC Capital Markets maintained it with “Sector Perform” rating and $67 target in Monday, October 19 report. BMO Capital Markets maintained it with “Hold” rating and $94.0 target in Monday, December 18 report.

More notable recent First Republic Bank (NYSE:FRC) news were published by: Businesswire.com which released: “Gradifi Says US Employers Are Expanding Financial Wellness Programs To Help Employees Minimize Student Loan …” on June 18, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For June 18, 2018” published on June 18, 2018, Seekingalpha.com published: “First Republic reports pricing of $300M preferred stock offering” on June 05, 2018. More interesting news about First Republic Bank (NYSE:FRC) were released by: Streetinsider.com and their article: “Citi Starts First Republic Bank (FRC) at Buy” published on June 18, 2018 as well as Seekingalpha.com‘s news article titled: “First Republic Bank: This 5.50% Preferred Stock Has Begun Trading On The NYSE” with publication date: June 13, 2018.

Concho Resources Inc. (NYSE:CXO) Institutional Positions Chart

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