Bunge Limited (BG) Market Value Declined While York Capital Management Global Advisors LLC Upped by $11.21 Million Its Position

March 14, 2018 - By Marguerite Chambers

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.26, from 0.8 in 2017Q2. It improved, as 43 investors sold BG shares while 113 reduced holdings. 40 funds opened positions while 125 raised stakes. 109.29 million shares or 1.39% less from 110.83 million shares in 2017Q2 were reported. Markel Corporation reported 0.1% stake. State Street owns 0.02% invested in Bunge Limited (NYSE:BG) for 4.07M shares. Alliancebernstein LP holds 168,951 shares. The Massachusetts-based Winslow Evans And Crocker has invested 0.06% in Bunge Limited (NYSE:BG). M&T Savings Bank reported 0.01% stake. 48,193 are owned by Balyasny Asset Mngmt Limited. Fruth Inv accumulated 20,941 shares or 0.67% of the stock. Amp Capital Invsts invested in 0.06% or 160,970 shares. Federated Invsts Pa accumulated 18,278 shares. Baring Asset Mngmt Limited holds 0.11% or 27,728 shares. Vident Inv Advisory Limited Company has 0.19% invested in Bunge Limited (NYSE:BG) for 49,860 shares. Lsv Asset Mngmt holds 0.31% in Bunge Limited (NYSE:BG) or 2.74M shares. 12,400 are owned by Meyer Handelman. Americafirst Mgmt Lc has invested 0.5% in Bunge Limited (NYSE:BG). Parallax Volatility Advisers Ltd Partnership reported 8,771 shares.

James Dinan increased its stake in Bunge Limited (BG) by 8.87% based on its latest 2017Q3 regulatory filing with the SEC. York Capital Management Global Advisors Llc bought 162,506 shares as the company’s stock declined 10.41% while stock markets rallied. The hedge fund run by James Dinan held 1.99 million shares of the packaged foods company at the end of 2017Q3, valued at $138.57M, up from 1.83M at the end of the previous reported quarter. York Capital Management Global Advisors Llc who had been investing in Bunge Limited for a number of months, seems to be bullish on the $10.48 billion market cap company. The stock decreased 1.87% or $1.42 during the last trading session, reaching $74.45. About 604,986 shares traded. Bunge Limited (NYSE:BG) has risen 14.04% since March 14, 2017 and is uptrending. It has underperformed by 2.66% the S&P500.

York Capital Management Global Advisors Llc, which manages about $4.60 billion US Long portfolio, decreased its stake in Fortress Investment Group Ll (NYSE:FIG) by 961,443 shares to 5.83 million shares, valued at $46.50M in 2017Q3, according to the filing. It also reduced its holding in Shire Plc (NASDAQ:SHPG) by 27,503 shares in the quarter, leaving it with 518,196 shares, and cut its stake in Athene Hldg Ltd.

More notable recent Bunge Limited (NYSE:BG) news were published by: Bizjournals.com which released: “ADM’s takeover talks with Bunge break down” on March 09, 2018, also Reuters.com with their article: “Bunge’s coveted Argentina plants lure ADM takeover approach” published on February 28, 2018, Ft.com published: “Continental Grain reveals stake in Bunge” on March 05, 2018. More interesting news about Bunge Limited (NYSE:BG) were released by: Bizjournals.com and their article: “Bunge wraps up $900 million acquisition” published on March 01, 2018 as well as Ft.com‘s news article titled: “Doubts cast on rationale of Bunge/ADM tie-up” with publication date: March 07, 2018.

Bunge Limited (NYSE:BG) Ratings Coverage

Among 11 analysts covering Bunge Limited (NYSE:BG), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Bunge Limited had 35 analyst reports since July 31, 2015 according to SRatingsIntel. As per Thursday, July 20, the company rating was maintained by Piper Jaffray. The stock of Bunge Limited (NYSE:BG) earned “Buy” rating by J.P. Morgan on Wednesday, March 7. Piper Jaffray maintained the shares of BG in report on Friday, July 14 with “Buy” rating. The stock has “Buy” rating by BMO Capital Markets on Wednesday, September 27. Robert W. Baird maintained Bunge Limited (NYSE:BG) on Friday, October 13 with “Hold” rating. As per Monday, August 3, the company rating was downgraded by TheStreet. BMO Capital Markets maintained Bunge Limited (NYSE:BG) on Monday, June 12 with “Buy” rating. The company was upgraded on Tuesday, September 29 by Credit Suisse. Credit Suisse maintained the shares of BG in report on Friday, May 5 with “Buy” rating. On Thursday, February 15 the stock rating was upgraded by Stephens to “Buy”.

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