What’s Propelling Bunge Limited Bunge Limited (NYSE:BG) After Lower Shorts Reported?

June 20, 2018 - By Henry Gaston

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Investors sentiment increased to 1.15 in 2018 Q1. Its up 0.26, from 0.89 in 2017Q4. It improved, as 40 investors sold Bunge Limited shares while 116 reduced holdings. 66 funds opened positions while 113 raised stakes. 108.36 million shares or 0.61% more from 107.71 million shares in 2017Q4 were reported.
Fincl Bank Of Nova Scotia holds 0.04% of its portfolio in Bunge Limited (NYSE:BG) for 111,400 shares. Massachusetts-based Frontier Capital Comm Limited Com has invested 0% in Bunge Limited (NYSE:BG). Cadence Capital Mngmt Ltd Liability accumulated 47,553 shares. Oppenheimer & Company Incorporated has 0.01% invested in Bunge Limited (NYSE:BG). Panagora Asset Mngmt Inc has 19,727 shares. Alliancebernstein Lp reported 153,412 shares stake. Brookfield Asset Management invested 0.01% of its portfolio in Bunge Limited (NYSE:BG). 88,166 were accumulated by Gateway Investment Advisers Ltd Limited Liability Company. Dimensional Fund L P accumulated 2.01 million shares or 0.06% of the stock. Principal Financial Group accumulated 95,294 shares or 0.01% of the stock. Barrow Hanley Mewhinney And Strauss Ltd Liability Corporation holds 0% or 320 shares. Citigroup Incorporated invested 0.01% of its portfolio in Bunge Limited (NYSE:BG). Bruce Incorporated owns 15,000 shares or 0.23% of their US portfolio. Robecosam Ag reported 16,905 shares or 0.06% of all its holdings. 8,889 were accumulated by Quantum Mgmt.

Since June 4, 2018, it had 0 insider purchases, and 1 sale for $289,777 activity.

The stock of Bunge Limited Bunge Limited (NYSE:BG) registered a decrease of 8.52% in short interest. BG’s total short interest was 1.81 million shares in June as published by FINRA. Its down 8.52% from 1.98M shares, reported previously. With 1.33 million shares average volume, it will take short sellers 1 days to cover their BG’s short positions. The short interest to Bunge Limited Bunge Limited’s float is 1.3%.

The stock decreased 2.17% or $1.56 during the last trading session, reaching $70.3. About 1.72M shares traded or 23.47% up from the average. Bunge Limited (NYSE:BG) has declined 15.96% since June 20, 2017 and is downtrending. It has underperformed by 28.53% the S&P500.

Bunge Limited, together with its subsidiaries, operates as an agribusiness and food firm worldwide. The company has market cap of $9.91 billion. It operates through five divisions: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. It has a 171.46 P/E ratio. The Agribusiness segment is involved in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products, including oilseeds and grains comprising soybeans, rapeseed, canola, sunflower seeds, wheat, and corn to animal feed manufacturers, livestock producers, wheat and corn millers, and other oilseed processors, as well as third-party edible oil processing companies, and biodiesel industries.

Bunge Limited (NYSE:BG) Ratings Coverage

Among 6 analysts covering Bunge Limited (NYSE:BG), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Bunge Limited had 9 analyst reports since January 22, 2018 according to SRatingsIntel. The company was maintained on Wednesday, February 14 by Piper Jaffray. The company was upgraded on Thursday, February 15 by Stephens. The firm has “Buy” rating given on Thursday, June 14 by Credit Suisse. Citigroup upgraded Bunge Limited (NYSE:BG) on Tuesday, March 6 to “Buy” rating. The company was maintained on Thursday, May 3 by Credit Suisse. J.P. Morgan upgraded Bunge Limited (NYSE:BG) rating on Wednesday, March 7. J.P. Morgan has “Buy” rating and $90.0 target. The firm has “Overweight” rating by JP Morgan given on Wednesday, March 7. The rating was upgraded by Credit Suisse to “Buy” on Wednesday, February 14.

Bunge Limited (NYSE:BG) Ratings Chart

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