Freeport-McMoRan Inc (FCX) Shares Bought by Pacific Heights Asset Management LLC

The hedge fund held 127,050 shares of the medical specialities company at the end of 2016Q4, valued at $25.92M, down from 133,838 at the end of the previous reported quarter. Comerica Bank who had been investing in Freeport for a number of months, seems to be less bullish one the $16.96 billion market cap company.

Today, the stock opened at $11.69 and the last bid at the time of writing stood at $11.67. The shares are at this time trading 1.77% more than its SMA 50 and 6.55% top of its SMA 200.

Let's have a look at some of the important valuation ratios of the Freeport-McMoran, Inc. It has underperformed by 9.87% the S&P500. Meridian Investment Counsel Inc.'s holdings in Freeport-McMoRan were worth $405,000 as of its most recent SEC filing. It has a market cap of $16.96B. During the session shares stayed in the range from $11.98 to $11.73.

The Stock has Weekly volatility of 3.29% and monthly volatility of 2.95%. Its up 0.67, from 1 in 2016Q3. 4,804,637 shares of the company's stock traded hands. Over the short term, some market observers may have noticed that Freeport-McMoRan Inc. has a 4.69% short float with 15 days to cover. During the same period in the previous year, the company posted ($0.16) EPS. FCX's profit will be $348.71 million for 12.40 P/E if the $0.24 EPS becomes a reality. Jefferies initiated the stock with "Buy" rating in Friday, January 6 report.

Investors sentiment decreased to 0.96 in Q4 2016. Its up 0.19, from 0.91 in 2016Q3.

Several large investors have recently added to or reduced their stakes in FCX. The last session's volume of 174.71 million shares was higher than its average volume of 21.41 million shares. Pinnacle Associate Ltd has 529,553 shares. State Treasurer State Of Michigan, Michigan-based fund reported 48,726 shares. Morgan Stanley accumulated 168,050 shares or 0% of the stock. Timber Hill Limited Liability owns 124,331 shares. Finally, Citigroup Inc assumed coverage on Freeport-McMoRan in a research report on Tuesday, February 21st.

NVIDIA Corporation (NASDAQ:NVDA), dropped -0.22% and closed at $138.26 in the last trading session. NVDA belongs to Technology sector and Semiconductor - Specialized industry. 10,491 are owned by Checchi Advisers Lc. Looking at this figure it suggests that the shares of Freeport-McMoRan Inc.

Since February 1, 2017, it had 0 buys, and 4 sales for $2.34 million activity. Freeport-McMoRan also saw some unusual options trading activity on Wednesday. 77,500 shares were sold by Conger Harry M. IV, worth $1.18M on Wednesday, February 15. Therefore 26% are positive. For the current year, analysts are predicting earnings of ${{e7}} per share according to First Call. On Tuesday, September 1 the stock rating was upgraded by Zacks to "Strong Sell".

Shares of Freeport-McMoRan Inc (NYSE:FCX) traded down 0.641% on Friday, reaching $11.625. FBR & Co. analysts stated on 01/05/2017 that they maintained their Mkt Perform rating. Berenberg has "Hold" rating and $12 target.

Freeport-McMoRan (NYSE:FCX) last announced its earnings results on Tuesday, April 25th. The correct version of this news story can be accessed at https://transcriptdaily.com/2017/05/26/freeport-mcmoran-inc-fcx-shares-bought-by-advantage-investment-management-llc.html. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Therefore 56% are positive. U.S. Silica had 51 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has "Outperform" rating given on Monday, May 16 by Cowen & Co. On Thursday, October 1 the stock rating was maintained by Oppenheimer with "Perform". Other things being equal, a growing EPS presages an increasing stock price. As per Tuesday, August 18, the company rating was maintained by Morgan Stanley. Deutsche Bank has "Buy" rating and $17 target. The stock of U.S. Silica Holdings Inc (NYSE:SLCA) earned "Neutral" rating by Ladenburg Thalmann on Thursday, February 25. Karpus Mngmt reported 1.06% stake. Royal Financial Bank Of Canada holds 0% or 47,625 shares. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. The analysts estimated EPS for the higher end at 0.46 and lower end at 0.14 while the year ago reported earnings per share was 0.33. More interesting news about Humana Inc (NYSE:HUM) were released by: Nasdaq.com and their article: "Humana Inc Announces 32% Advance In Q1 Profit" published on May 03, 2017 as well as Stltoday.com's news article titled: "Health insurer Humana's quarterly profit surges" with publication date: May 03, 2017.

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  • Zachary Reyes