Ruffer Llp Lowered Its Position in Goldcorp New (GG) by $1.57 Million as Share Price Declined; As Facebook (FB) Shares Rose, Meridian Management Co Has Increased Its Holding by $422,450

January 13, 2018 - By whatsonthorold

Ruffer Llp decreased its stake in Goldcorp Inc New (GG) by 6.69% based on its latest 2017Q3 regulatory filing with the SEC. Ruffer Llp sold 130,750 shares as the company’s stock declined 20.41% while stock markets rallied. The institutional investor held 1.82 million shares of the precious metals company at the end of 2017Q3, valued at $23.66M, down from 1.96M at the end of the previous reported quarter. Ruffer Llp who had been investing in Goldcorp Inc New for a number of months, seems to be less bullish one the $12.26B market cap company. The stock increased 3.24% or $0.45 during the last trading session, reaching $14.35. About 8.22M shares traded or 15.02% up from the average. Goldcorp Inc. (NYSE:GG) has declined 19.95% since January 13, 2017 and is downtrending. It has underperformed by 36.65% the S&P500.

Meridian Management Co increased its stake in Facebook Inc (FB) by 22% based on its latest 2017Q3 regulatory filing with the SEC. Meridian Management Co bought 2,485 shares as the company’s stock rose 10.88% with the market. The institutional investor held 13,783 shares of the technology company at the end of 2017Q3, valued at $2.36M, up from 11,298 at the end of the previous reported quarter. Meridian Management Co who had been investing in Facebook Inc for a number of months, seems to be bullish on the $521.22 billion market cap company. The stock decreased 4.47% or $8.4 during the last trading session, reaching $179.37. About 77.55 million shares traded or 357.64% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 13, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Since August 7, 2017, it had 0 insider buys, and 38 insider sales for $950.72 million activity. Wehner David M. also sold $2.59M worth of Facebook, Inc. (NASDAQ:FB) on Monday, August 21. $6.77M worth of Facebook, Inc. (NASDAQ:FB) was sold by Schroepfer Michael Todd on Tuesday, December 12. $42.50 million worth of stock was sold by Zuckerberg Mark on Friday, August 25. Another trade for 50,533 shares valued at $8.59M was made by FISCHER DAVID B. on Thursday, August 10. Shares for $2.83M were sold by Cox Christopher K. Koum Jan had sold 2.95M shares worth $502.59 million on Tuesday, August 15.

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 217 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Needham on Wednesday, July 19. Goldman Sachs maintained Facebook, Inc. (NASDAQ:FB) on Thursday, July 27 with “Buy” rating. The company was maintained on Thursday, July 30 by Canaccord Genuity. SunTrust maintained the shares of FB in report on Friday, January 12 with “Buy” rating. Aegis Capital maintained Facebook, Inc. (NASDAQ:FB) on Wednesday, July 26 with “Buy” rating. The stock has “Buy” rating by M Partners on Monday, July 17. Jefferies maintained the shares of FB in report on Thursday, November 5 with “Buy” rating. Cantor Fitzgerald maintained Facebook, Inc. (NASDAQ:FB) on Tuesday, October 31 with “Buy” rating. As per Tuesday, August 18, the company rating was maintained by Piper Jaffray. The firm has “Buy” rating by Deutsche Bank given on Thursday, November 5.

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.25, from 1.4 in 2017Q2. It turned negative, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Paradigm Asset Mngmt Ltd Limited Liability Company accumulated 2,350 shares. Fcg Ltd Co has invested 0.45% in Facebook, Inc. (NASDAQ:FB). Architects invested in 1.88% or 6,001 shares. Hartford Investment Mngmt Company has invested 1.73% in Facebook, Inc. (NASDAQ:FB). Boston Family Office Limited Liability has invested 0.35% in Facebook, Inc. (NASDAQ:FB). Wafra Invest Advisory Grp Inc Inc Ny invested in 213,499 shares or 1.78% of the stock. Cutter Company Brokerage owns 2.05% invested in Facebook, Inc. (NASDAQ:FB) for 30,197 shares. Orbis Inv Management (Us) Ltd Liability Corp owns 24,411 shares for 2.6% of their portfolio. Private Advisor Grp Ltd Liability Company reported 126,190 shares. Bridgeway Cap Mngmt owns 1,500 shares. Pillar Pacific Mgmt Limited Liability Com reported 32,047 shares or 0.7% of all its holdings. Telemark Asset Management Lc stated it has 130,000 shares or 4.57% of all its holdings. 3,870 were accumulated by Horizon Kinetics Ltd Com. Alecta Pensionsforsakring Omsesidigt holds 3.78% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 2.58 million shares. 1St Source National Bank & Trust reported 0.45% stake.

Ruffer Llp, which manages about $2.32B US Long portfolio, upped its stake in Wheaton Precious Metals Corp by 916,787 shares to 3.39M shares, valued at $64.74M in 2017Q3, according to the filing. It also increased its holding in Barrick Gold Corp (NYSE:ABX) by 902,070 shares in the quarter, for a total of 2.11M shares, and has risen its stake in Leucadia Natl Corp (NYSE:LUK).

Analysts await Goldcorp Inc. (NYSE:GG) to report earnings on February, 21. They expect $0.11 EPS, down 8.33% or $0.01 from last year’s $0.12 per share. GG’s profit will be $93.95M for 32.61 P/E if the $0.11 EPS becomes a reality. After $0.09 actual EPS reported by Goldcorp Inc. for the previous quarter, Wall Street now forecasts 22.22% EPS growth.

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