As Fleetcor Technologies INC (FLT) Valuation Declined, Steadfast Capital Management LP Lifted by $29.53 Million Its Position

March 14, 2018 - By Adrian Mccoy

Investors sentiment increased to 1.27 in Q3 2017. Its up 0.36, from 0.91 in 2017Q2. It is positive, as 26 investors sold FLT shares while 99 reduced holdings. 39 funds opened positions while 120 raised stakes. 83.71 million shares or 5.44% less from 88.52 million shares in 2017Q2 were reported. Peak6 Invests Lp stated it has 48,689 shares or 0.04% of all its holdings. Royal Savings Bank Of Canada holds 0.01% or 76,137 shares in its portfolio. Cipher Capital Ltd Partnership owns 4,020 shares. Capital Ww owns 842,000 shares for 0.03% of their portfolio. Greenleaf Trust has 125 shares. Hanson Mcclain holds 50 shares. Lpl Limited Liability Corporation owns 4,878 shares for 0% of their portfolio. The New York-based Oppenheimer Asset Mngmt Incorporated has invested 0.04% in FleetCor Technologies, Inc. (NYSE:FLT). Bluecrest Cap Management Ltd stated it has 35,753 shares. Los Angeles Capital & Equity Rech Incorporated holds 0.01% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT) for 8,546 shares. Parallax Volatility Advisers Limited Partnership accumulated 27,166 shares. Northwestern Mutual Wealth Mngmt Company reported 16 shares or 0% of all its holdings. Motco holds 24 shares. White Elm Ltd Liability, Connecticut-based fund reported 125,969 shares. Bnp Paribas Asset Mngmt Holdg, a France-based fund reported 5,027 shares.

Robert Pitts increased its stake in Fleetcor Technologies Inc (FLT) by 9.35% based on its latest 2017Q3 regulatory filing with the SEC. Steadfast Capital Management Lp bought 191,749 shares as the company’s stock declined 18.44% while stock markets rallied. The hedge fund run by Robert Pitts held 2.24M shares of the miscellaneous company at the end of 2017Q3, valued at $346.91 million, up from 2.05 million at the end of the previous reported quarter. Steadfast Capital Management Lp who had been investing in Fleetcor Technologies Inc for a number of months, seems to be bullish on the $18.67 billion market cap company. The stock increased 0.02% or $0.045 during the last trading session, reaching $207.845. About 304,798 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has declined 6.67% since March 14, 2017 and is downtrending. It has underperformed by 23.37% the S&P500.

Steadfast Capital Management Lp, which manages about $8.17B and $6.46B US Long portfolio, decreased its stake in At&T Inc (Put) (NYSE:T) by 5.07 million shares to 3.00 million shares, valued at $117.51 million in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (Call) (TLT) by 1.07 million shares in the quarter, leaving it with 500,000 shares, and cut its stake in Uniti Group Inc.

More news for FleetCor Technologies, Inc. (NYSE:FLT) were recently published by:, which released: “FLEETCOR & Ripple Team Up to Modernize Payments Using Blockchain” on March 01, 2018.‘s article titled: “The Shuman Law Firm Investigates FleetCor Technologies, Inc.” and published on March 07, 2018 is yet another important article.

FleetCor Technologies, Inc. (NYSE:FLT) Ratings Coverage

Among 17 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Fleetcor Technologies had 54 analyst reports since August 6, 2015 according to SRatingsIntel. Keefe Bruyette & Woods initiated the stock with “Outperform” rating in Monday, September 14 report. The firm has “Buy” rating given on Thursday, May 25 by Jefferies. The firm earned “Overweight” rating on Thursday, November 2 by Barclays Capital. The stock has “Neutral” rating by Compass Point on Friday, April 15. As per Wednesday, January 10, the company rating was maintained by Wells Fargo. The company was maintained on Wednesday, April 5 by Jefferies. The firm earned “Buy” rating on Thursday, December 21 by Keefe Bruyette & Woods. The rating was maintained by Credit Suisse with “Neutral” on Friday, February 9. The company was initiated on Friday, December 11 by Credit Suisse. The firm earned “Buy” rating on Monday, August 7 by Keefe Bruyette & Woods.

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