Newmont Mining (NEM) Holder Talara Capital Management Has Lowered Its Position as Market Valuation Declined; As Electronic Arts (EA) Share Price Rose, Frontier Capital Management Co Has Lowered by $14.20 Million Its Holding

February 15, 2018 - By Henry Gaston

David Zusman decreased its stake in Newmont Mining Corp (NEM) by 27.36% based on its latest 2017Q3 regulatory filing with the SEC. Talara Capital Management Llc sold 55,799 shares as the company’s stock declined 9.13% while stock markets rallied. The hedge fund run by David Zusman held 148,141 shares of the precious metals company at the end of 2017Q3, valued at $5.56 million, down from 203,940 at the end of the previous reported quarter. Talara Capital Management Llc who had been investing in Newmont Mining Corp for a number of months, seems to be less bullish one the $20.80 billion market cap company. The stock increased 5.35% or $1.98 during the last trading session, reaching $39. About 8.20M shares traded or 57.27% up from the average. Newmont Mining Corporation (NYSE:NEM) has declined 1.49% since February 15, 2017 and is downtrending. It has underperformed by 18.19% the S&P500.

Frontier Capital Management Co Llc decreased its stake in Electronic Arts Inc. (EA) by 7.22% based on its latest 2017Q3 regulatory filing with the SEC. Frontier Capital Management Co Llc sold 120,329 shares as the company’s stock rose 23.30% with the market. The institutional investor held 1.55M shares of the prepackaged software company at the end of 2017Q3, valued at $182.66M, down from 1.67M at the end of the previous reported quarter. Frontier Capital Management Co Llc who had been investing in Electronic Arts Inc. for a number of months, seems to be less bullish one the $37.96B market cap company. The stock increased 1.22% or $1.49 during the last trading session, reaching $123.77. About 4.29 million shares traded or 1.22% up from the average. Electronic Arts Inc. (NASDAQ:EA) has risen 46.45% since February 15, 2017 and is uptrending. It has outperformed by 29.75% the S&P500.

Analysts await Newmont Mining Corporation (NYSE:NEM) to report earnings on February, 20. They expect $0.36 EPS, up 9.09% or $0.03 from last year’s $0.33 per share. NEM’s profit will be $192.00M for 27.08 P/E if the $0.36 EPS becomes a reality. After $0.35 actual EPS reported by Newmont Mining Corporation for the previous quarter, Wall Street now forecasts 2.86% EPS growth.

Talara Capital Management Llc, which manages about $249.36M and $192.43M US Long portfolio, upped its stake in Qep Res Inc (NYSE:QEP) by 817,669 shares to 2.50M shares, valued at $21.43M in 2017Q3, according to the filing.

Among 24 analysts covering Newmont Mining Corporation (NYSE:NEM), 13 have Buy rating, 0 Sell and 11 Hold. Therefore 54% are positive. Newmont Mining Corporation had 85 analyst reports since July 24, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Buy” rating and $45.0 target in Sunday, October 1 report. The firm has “Buy” rating by Goldman Sachs given on Wednesday, May 11. BMO Capital Markets maintained it with “Buy” rating and $4000 target in Wednesday, June 28 report. Scotia Capital upgraded Newmont Mining Corporation (NYSE:NEM) on Tuesday, September 1 to “Outperform” rating. The rating was maintained by Jefferies on Wednesday, August 30 with “Hold”. BMO Capital Markets initiated the shares of NEM in report on Thursday, August 13 with “Outperform” rating. The firm earned “Hold” rating on Tuesday, July 25 by RBC Capital Markets. The rating was upgraded by Mackie to “Buy” on Thursday, October 29. The rating was downgraded by Standpoint Research on Friday, March 18 to “Hold”. The firm has “Neutral” rating given on Tuesday, December 1 by Citigroup.

Since September 1, 2017, it had 0 buys, and 11 sales for $1.16 million activity. Dorward-King Elaine J had sold 10,250 shares worth $392,268. Another trade for 1,250 shares valued at $50,288 was made by Palmer Thomas Ronald on Thursday, February 1. Lawson Scott P also sold $189,250 worth of Newmont Mining Corporation (NYSE:NEM) shares. Shares for $229,311 were sold by Engel E Randall on Thursday, February 1.

Investors sentiment increased to 1.4 in 2017 Q3. Its up 0.47, from 0.93 in 2017Q2. It is positive, as 35 investors sold NEM shares while 147 reduced holdings. 85 funds opened positions while 169 raised stakes. 427.26 million shares or 26.53% more from 337.68 million shares in 2017Q2 were reported. Fifth Third State Bank reported 1,267 shares. F&V Cap Mgmt Limited Liability Com has invested 3.68% in Newmont Mining Corporation (NYSE:NEM). Semper Augustus Investments Gru Limited Liability owns 197,021 shares. Meiji Yasuda Asset Management Ltd holds 73,147 shares. Pnc Fincl Service Grp Inc owns 71,937 shares. 85,959 are held by Malaga Cove Cap Lc. 141 were reported by Oppenheimer Asset. Winslow Evans And Crocker holds 0.15% of its portfolio in Newmont Mining Corporation (NYSE:NEM) for 11,996 shares. Neuberger Berman Grp, New York-based fund reported 2.19 million shares. Kentucky Retirement Systems has invested 0.09% in Newmont Mining Corporation (NYSE:NEM). Cannell Peter B Com holds 0.03% or 19,210 shares in its portfolio. Schwab Charles Inv Management holds 0.06% or 1.87M shares in its portfolio. Piedmont Advisors Ltd reported 0.04% in Newmont Mining Corporation (NYSE:NEM). Raymond James And Assocs holds 66,029 shares or 0% of its portfolio. Highlander Capital Ltd invested in 1,954 shares.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.12, from 1.03 in 2017Q2. It increased, as 35 investors sold EA shares while 217 reduced holdings. 72 funds opened positions while 218 raised stakes. 281.04 million shares or 1.59% less from 285.59 million shares in 2017Q2 were reported. Suffolk Management Ltd Limited Liability Company reported 1.76% stake. Osborne Prns Cap Ltd Com has invested 0.45% in Electronic Arts Inc. (NASDAQ:EA). Howe Rusling, New York-based fund reported 107 shares. Covington Management holds 0.06% or 8,219 shares in its portfolio. Cwm Ltd Liability Company owns 84 shares or 0% of their US portfolio. 317,825 were reported by Adage Cap Prtnrs Group Ltd Liability. Boston Prtn holds 664,877 shares or 0.1% of its portfolio. Mitsubishi Ufj Tru Banking holds 0.15% or 666,292 shares in its portfolio. Alpha Windward Lc has 871 shares for 0.06% of their portfolio. Benjamin F Edwards reported 350 shares stake. Marshall Wace Limited Liability Partnership accumulated 12,317 shares. Coastline Tru Company reported 23,230 shares or 0.48% of all its holdings. Comerica Commercial Bank holds 0.08% or 92,942 shares in its portfolio. Fund invested in 118,808 shares. Renaissance Techs Limited Liability accumulated 172,764 shares.

Among 27 analysts covering Electronic Arts (NASDAQ:EA), 24 have Buy rating, 0 Sell and 3 Hold. Therefore 89% are positive. Electronic Arts had 92 analyst reports since July 28, 2015 according to SRatingsIntel. Bank of America upgraded Electronic Arts Inc. (NASDAQ:EA) on Monday, January 18 to “Buy” rating. Stifel Nicolaus maintained it with “Buy” rating and $87 target in Monday, September 12 report. The stock has “Overweight” rating by Barclays Capital on Wednesday, January 31. The company was maintained on Monday, October 26 by Stifel Nicolaus. The firm earned “Neutral” rating on Wednesday, November 2 by Mizuho. Cowen & Co maintained it with “Hold” rating and $114.0 target in Wednesday, January 31 report. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Buy” rating by Mizuho on Monday, June 12. The company was initiated on Friday, September 23 by Morgan Stanley. The rating was maintained by Jefferies on Monday, July 17 with “Buy”. The firm earned “Long-Term Buy” rating on Wednesday, March 30 by Hilliard Lyons.

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