Group One Trading LP Increases Holding in Freeport (FCX)

April 20, 2018 - By Linda Rogers

Freeport-McMoRan Inc. (NYSE:FCX) LogoInvestors sentiment decreased to 0.92 in Q4 2017. Its down 0.08, from 1 in 2017Q3. It dropped, as 77 investors sold FCX shares while 205 reduced holdings. 78 funds opened positions while 182 raised stakes. 989.88 million shares or 2.99% more from 961.13 million shares in 2017Q3 were reported. Gsa Llp reported 0.02% in Freeport-McMoRan Inc. (NYSE:FCX). Tiverton Asset Management Limited Liability Company has invested 0.02% in Freeport-McMoRan Inc. (NYSE:FCX). 217,470 are owned by Montgomery Inv. State Treasurer State Of Michigan reported 394,623 shares. Acg Wealth owns 162,702 shares for 0.46% of their portfolio. Shikiar Asset Mngmt Incorporated stated it has 54,850 shares or 0.49% of all its holdings. Jpmorgan Chase Company owns 15.96M shares. Commerzbank Aktiengesellschaft Fi has 2.19 million shares. Wealthtrust reported 2,904 shares. Guggenheim Cap Ltd Llc invested 0.15% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Fmr Lc reported 28.59 million shares stake. Hartford Fincl Management reported 3,600 shares. Howe Rusling invested in 130 shares or 0% of the stock. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt holds 0.18% in Freeport-McMoRan Inc. (NYSE:FCX) or 1.08M shares. Pennsylvania-based Smithfield Trust has invested 0% in Freeport-McMoRan Inc. (NYSE:FCX).

Since January 31, 2018, it had 0 insider purchases, and 1 sale for $419,125 activity.

Group One Trading Lp increased its stake in Freeport (FCX) by 50.2% based on its latest 2017Q4 regulatory filing with the SEC. Group One Trading Lp bought 517,837 shares as the company’s stock declined 4.75% with the market. The institutional investor held 1.55 million shares of the basic industries company at the end of 2017Q4, valued at $29.38 million, up from 1.03 million at the end of the previous reported quarter. Group One Trading Lp who had been investing in Freeport for a number of months, seems to be bullish on the $28.00B market cap company. The stock decreased 1.18% or $0.23 during the last trading session, reaching $19.34. About 11.03 million shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 41.20% since April 20, 2017 and is uptrending. It has outperformed by 29.65% the S&P500.

Group One Trading Lp, which manages about $14.23 billion US Long portfolio, decreased its stake in Wright Med Group N V (Put) by 6,100 shares to 2,800 shares, valued at $6.22 million in 2017Q4, according to the filing. It also reduced its holding in Insmed Inc (Call) by 186,500 shares in the quarter, leaving it with 8,300 shares, and cut its stake in Insmed Inc (Put).

Freeport-McMoRan Inc. (NYSE:FCX) Ratings Coverage

Among 11 analysts covering Freeport-McMoRan (NYSE:FCX), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. Freeport-McMoRan had 18 analyst reports since October 23, 2017 according to SRatingsIntel. The company was maintained on Tuesday, February 6 by Stifel Nicolaus. On Monday, January 22 the stock rating was downgraded by IBC to “Neutral”. Morgan Stanley maintained Freeport-McMoRan Inc. (NYSE:FCX) on Monday, March 26 with “Equal-Weight” rating. Morgan Stanley upgraded the stock to “Hold” rating in Monday, December 11 report. The firm has “Hold” rating given on Sunday, December 3 by RBC Capital Markets. On Monday, October 23 the stock rating was maintained by Cowen & Co with “Buy”. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Buy” rating by Cowen & Co on Monday, January 29. BMO Capital Markets maintained Freeport-McMoRan Inc. (NYSE:FCX) on Monday, December 18 with “Hold” rating. As per Thursday, January 25, the company rating was maintained by Jefferies. The rating was maintained by Scotia Capital on Monday, January 8 with “Hold”.

Freeport-McMoRan Inc. (NYSE:FCX) Institutional Positions Chart

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