Group One Trading LP Has Increased Its Stake in Freeport (FCX) by $9.32 Million as Share Price Declined

April 20, 2018 - By Marguerite Chambers

Freeport-McMoRan Inc. (NYSE:FCX) LogoInvestors sentiment decreased to 0.92 in 2017 Q4. 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. Lincoln holds 0.01% or 21,135 shares in its portfolio. Mitsubishi Ufj Tru And Corporation holds 0.09% or 2.88M shares. Mathes reported 24,950 shares or 0.22% of all its holdings. Financial Advisory Inc accumulated 16,500 shares or 0.08% of the stock. Rocky Mountain Advisers Ltd Com reported 0.08% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Aqr Cap Mgmt Lc owns 0.25% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 12.54 million shares. Pekin Singer Strauss Asset Mngmt Il invested in 16,550 shares. Department Mb Finance Financial Bank N A accumulated 0% or 130 shares. Northeast Fincl Consultants invested in 0.23% or 36,958 shares. Moreover, Stone Ridge Asset Management Llc has 0.11% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 87,254 shares. Vertex One Asset Mgmt invested 0.6% in Freeport-McMoRan Inc. (NYSE:FCX). Morgan Stanley holds 0.03% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX) for 5.27 million shares. Northern Corporation invested in 18.60M shares or 0.09% of the stock. Violich Mngmt holds 0.22% in Freeport-McMoRan Inc. (NYSE:FCX) or 45,000 shares. Waters Parkerson Ltd Llc, Louisiana-based fund reported 15,327 shares.

Since January 31, 2018, it had 0 buys, 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 $29.38M, 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 $28.00 billion market cap company. The stock decreased 1.18% or $0.23 during the last trading session, reaching $19.34. About 11.03M 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 $14.23B US Long portfolio, decreased its stake in Biogen Inc (Call) by 11,400 shares to 21,400 shares, valued at $6.82 million in 2017Q4, according to the filing. It also reduced its holding in Voxx Intl Corp (Call) by 56,000 shares in the quarter, leaving it with 4,200 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. Scotia Capital maintained Freeport-McMoRan Inc. (NYSE:FCX) on Monday, January 8 with “Hold” rating. The company was downgraded on Monday, January 22 by IBC. The firm has “Buy” rating given on Monday, April 9 by Jefferies. The rating was maintained by Cowen & Co with “Buy” on Monday, October 23. As per Tuesday, March 6, the company rating was maintained by UBS. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, February 6. The stock of Freeport-McMoRan Inc. (NYSE:FCX) has “Equal-Weight” rating given on Monday, March 26 by Morgan Stanley. The stock of Freeport-McMoRan Inc. (NYSE:FCX) has “Buy” rating given on Thursday, January 25 by Jefferies. The firm earned “Hold” rating on Tuesday, April 3 by RBC Capital Markets. RBC Capital Markets maintained Freeport-McMoRan Inc. (NYSE:FCX) on Sunday, December 3 with “Hold” rating.

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

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