Economy

Freeport-McMoran, Inc. (FCX) Shares Bought by Sei Investments Co

Freeport-McMoran, Inc. (FCX) Shares Bought by Sei Investments Co”

The Atlanta Capital Management Co Llc holds 896,952 shares with $126.56 million value, up from 805,421 last quarter. The stock decreased 1.23% or $0.28 on August 25, reaching $22.05. It has underperformed by 16.70% the S&P500.

Carl Icahn decreased its stake in Freeport (FCX) by 12.27% based on its latest 2016Q4 regulatory filing with the SEC. The third largest holder is Icahn Carl C, which now holds $1.4 billion worth of this stock and that ownership represents almost 6.25% of its market capitalization. The Montgomery Investment Management Inc holds 228,456 shares with $3.01M value, down from 324,010 last quarter. BMO Capital Markets set a $17.00 price target on Freeport-McMoran and gave the company a hold rating in a report on Wednesday, July 26th. Trading volume for Freeport-McMoRan, Inc. was 18,049K in the last trading session. Similar statistics are true for the second largest owner, Capital Research Global Investors, which owns 104,232,356 shares of the stock are valued at $1.59 billion.

Freeport-McMoRan Inc. (FCX), launched on November 10, 1987, is a mining company.

Contrarius Investment Management Ltd increased Fang Hldgs Ltd stake by 155,394 shares to 1.88 million valued at $6.17M in 2016Q4. The total value of its holdings increased 75,442.8%.

Among 22 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 5 have Buy rating, 5 Sell and 12 Hold. Therefore 46% are positive. As per Wednesday, July 20, the company rating was maintained by FBR Capital. Nomura Asset Management Ltd reported 242,865 shares. The stock has "Buy" rating by Mizuho on Friday, May 27. The rating was maintained by Jefferies with "Buy" on Monday, July 10. The stock of Freeport-McMoRan Inc (NYSE:FCX) earned "Hold" rating by Deutsche Bank on Monday, May 2. On July 12 the company was downgraded from "Sell" to "Sell" in a report issued by Berenberg. (NYSE:TMO) has "Buy" rating given on Thursday, January 7 by Deutsche Bank. The stock of Freeport-McMoRan Inc (NYSE:FCX) earned "Neutral" rating by Citigroup on Tuesday, September 1.

Exxonmobil Investment Management Inc increased its stake in Intercontinental Exchange Inc (ICE) by 353.27% based on its latest 2016Q4 regulatory filing with the SEC. Bedrijfstakpensioenfonds Voor De Media Pno has 0.09% invested in Freeport-McMoRan Inc (NYSE:FCX).

Investors sentiment decreased to 0.95 in 2016 Q4. Its up 0.19, from 0.96 in 2016Q3. 99 funds opened positions while 175 raised stakes. 995.10 million shares or 5.90% more from 939.67 million shares in 2016Q3 were reported. 330.70 million shares or 0.57% less from 332.58 million shares in 2016Q3 were reported. Blackrock Limited accumulated 88,579 shares. Thompson Davis has invested 0.01% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX). Goldman Sachs Group Incorporated holds 0.05% or 12.50 million shares in its portfolio. Burns J W And Inc Ny invested in 0.63% or 15,237 shares. Trust Department Mb Bankshares N A has 130 shares. Fiera Capital Corporation has 0.05% invested in Freeport-McMoRan Inc (NYSE:FCX). Crawford Investment Counsel reported 0.45% in CoreSite Realty Corp (NYSE:COR). Moreover, Argyle Management has 0.22% invested in Freeport-McMoRan Inc (NYSE:FCX) for 38,750 shares. Hyman Charles D reported 0.15% stake. Cohen Klingenstein Ltd Liability Com holds 264,939 shares or 0.6% of its portfolio. The Ontario - Canada-based State Bank Of Montreal Can has invested 0.02% in Freeport-McMoRan Inc (NYSE:FCX). (NYSE:TMO) has risen 15.57% since August 27, 2016 and is uptrending. More interesting news about Freeport-McMoRan Inc (NYSE:FCX) were released by: Seekingalpha.com and their article: "Freeport-McMoRan: Still A Buy" published on August 01, 2017 as well as Barrons.com's news article titled: "The Hot Stock: Freeport-McMoRan Gains 4.1%" with publication date: August 21, 2017.

Among 14 analysts covering CoreSite Realty (NYSE:COR), 6 have Buy rating, 0 Sell and 8 Hold. Therefore 43% are positive. On Thursday, October 6 the stock rating was maintained by Citigroup with "Buy". The rating was maintained by FBR Capital on Friday, February 3 with "Mkt Perform". Vanguard Group Inc owns $2.13 billion in Freeport-McMoRan Inc., which represents roughly 9.51% of the company's market cap and approximately 14.18% of the institutional ownership. Bernstein has "Outperform" rating and GBX 285 target. The rating was downgraded by Zacks on Thursday, August 20 to "Hold". The rating was maintained by Deutsche Bank on Friday, July 31 with "Buy". On Thursday, October 8 the stock rating was maintained by Beaufort Securities with "Hold".

On August 15, 2017 Raymond James started coverage with an initial rating of "Market Perform". Barclays Capital maintained the shares of CBPX in report on Tuesday, October 13 with "Overweight" rating. The firm earned "Buy" rating on Monday, July 17 by Cowen & Co.

Since March 6, 2017, it had 0 insider buys, and 9 sales for $12.45 million activity.

Investors sentiment increased to 1.15 in 2016 Q4. Its down 0.13, from 1.16 in 2016Q3. It is negative, as 28 investors sold CoreSite Realty Corp shares while 68 reduced holdings. 39 funds opened positions while 85 raised stakes. Mufg Americas Holding stated it has 0% of its portfolio in Continental Building Products Inc (NYSE:CBPX). Commerzbank Aktiengesellschaft Fi stated it has 1.72 million shares. Stewart West Indies Trading Company Limited holds 929,000 shares. Cryder Capital Ltd Liability Partnership owns 192,286 shares. Ahl Prtnrs Llp reported 19,491 shares. Bridgewater Associates Lp invested in 19,000 shares. Glg Limited Liability Co stated it has 0.03% in Tesco PLC (LON:TSCO). 23,814 are owned by Manufacturers Life Communication The. Tokio Marine Asset Mgmt Ltd accumulated 3,531 shares or 0.05% of the stock. Earnest Ptnrs Ltd Com reported 0.02% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX).

Atlanta Capital Management Co Llc decreased Alphabet Inc stake by 22,654 shares to 182,982 valued at $141.23M in 2016Q4. It also reduced its holding in Ihs Markit Ltd.by 391,792 shares in the quarter, leaving it with 2.22 million shares, and cut its stake in Grupo Televisa Sa (NYSE:TV).

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