First Solar (FSLR) Stock Value Rose While Ontario Teachers Pension Plan Board Decreased Its Holding; Manor Road Capital Partners Has Trimmed Its Holding in Liberty Global Plc (LBTYK) as Stock Price Declined

January 13, 2018 - By Winifred Garcia

Ontario Teachers Pension Plan Board decreased its stake in First Solar Inc (FSLR) by 55.47% based on its latest 2017Q3 regulatory filing with the SEC. Ontario Teachers Pension Plan Board sold 10,474 shares as the company’s stock rose 4.31% with the market. The institutional investor held 8,408 shares of the technology company at the end of 2017Q3, valued at $386,000, down from 18,882 at the end of the previous reported quarter. Ontario Teachers Pension Plan Board who had been investing in First Solar Inc for a number of months, seems to be less bullish one the $7.67 billion market cap company. The stock decreased 3.75% or $2.86 during the last trading session, reaching $73.41. About 4.03 million shares traded or 60.93% up from the average. First Solar, Inc. (NASDAQ:FSLR) has declined 22.83% since January 13, 2017 and is downtrending. It has underperformed by 39.53% the S&P500.

John Ku decreased its stake in Liberty Global Plc (LBTYK) by 15.47% based on its latest 2017Q3 regulatory filing with the SEC. Manor Road Capital Partners Llc sold 1.57M shares as the company’s stock declined 17.26% while stock markets rallied. The hedge fund run by John Ku held 8.58 million shares of the television services company at the end of 2017Q3, valued at $280.57 million, down from 10.15 million at the end of the previous reported quarter. Manor Road Capital Partners Llc who had been investing in Liberty Global Plc for a number of months, seems to be less bullish one the $35.04 billion market cap company. The stock increased 0.69% or $0.24 during the last trading session, reaching $34.89. About 2.88M shares traded or 8.95% up from the average. Liberty Global plc (NASDAQ:LBTYK) has declined 6.78% since January 13, 2017 and is downtrending. It has underperformed by 23.48% the S&P500.

Ontario Teachers Pension Plan Board, which manages about $7.54B US Long portfolio, upped its stake in Leucadia Natl Corp (NYSE:LUK) by 105,770 shares to 124,847 shares, valued at $3.15M in 2017Q3, according to the filing. It also increased its holding in Manulife Finl Corp (NYSE:MFC) by 324,153 shares in the quarter, for a total of 2.28M shares, and has risen its stake in Merck & Co Inc (NYSE:MRK).

Since July 31, 2017, it had 0 insider buys, and 8 selling transactions for $6.48 million activity. Schumaker Bryan Robert also sold $16,155 worth of First Solar, Inc. (NASDAQ:FSLR) on Saturday, August 5. $1.05 million worth of First Solar, Inc. (NASDAQ:FSLR) was sold by DeJong Philip on Tuesday, August 1. $790,580 worth of First Solar, Inc. (NASDAQ:FSLR) was sold by Garabedian Raffi on Monday, December 18. KALETA PAUL J sold 23,696 shares worth $1.18M. Bradley Alexander R. had sold 566 shares worth $27,542 on Saturday, August 5.

Analysts await First Solar, Inc. (NASDAQ:FSLR) to report earnings on February, 20. They expect $-0.33 EPS, down 126.61% or $1.57 from last year’s $1.24 per share. After $1.95 actual EPS reported by First Solar, Inc. for the previous quarter, Wall Street now forecasts -116.92% negative EPS growth.

Among 29 analysts covering First Solar Inc. (NASDAQ:FSLR), 12 have Buy rating, 4 Sell and 13 Hold. Therefore 41% are positive. First Solar Inc. had 75 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Oppenheimer on Wednesday, September 9. Roth Capital maintained First Solar, Inc. (NASDAQ:FSLR) on Monday, December 11 with “Buy” rating. The company was downgraded on Thursday, December 10 by Needham. Roth Capital downgraded the stock to “Neutral” rating in Thursday, November 3 report. The firm has “Hold” rating by Oppenheimer given on Tuesday, July 18. On Thursday, September 8 the stock rating was initiated by JMP Securities with “Mkt Underperform”. As per Monday, October 30, the company rating was maintained by Roth Capital. Goldman Sachs maintained First Solar, Inc. (NASDAQ:FSLR) rating on Tuesday, August 16. Goldman Sachs has “Buy” rating and $58 target. The company was downgraded on Thursday, May 18 by Robert W. Baird. The rating was downgraded by Standpoint Research to “Hold” on Thursday, February 25.

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