Freeport (FCX) Holder M Holdings Securities Has Raised Its Holding; Hexavest Has Cut Its Taylor Morrison Ho Co L (TMHC) Position by $16.24 Million

January 14, 2018 - By Marie Mckinney

Hexavest Inc decreased its stake in Taylor Morrison Ho Co L (TMHC) by 37.46% based on its latest 2017Q3 regulatory filing with the SEC. Hexavest Inc sold 738,358 shares as the company’s stock rose 22.57% with the market. The hedge fund held 1.23 million shares of the homebuilding company at the end of 2017Q3, valued at $27.18M, down from 1.97 million at the end of the previous reported quarter. Hexavest Inc who had been investing in Taylor Morrison Ho Co L for a number of months, seems to be less bullish one the $3.32 billion market cap company. The stock decreased 2.32% or $0.66 during the last trading session, reaching $27.75. About 9.91M shares traded or 575.33% up from the average. Taylor Morrison Home Corporation (NYSE:TMHC) has risen 72.45% since January 14, 2017 and is uptrending. It has outperformed by 55.75% the S&P500.

M Holdings Securities Inc increased its stake in Freeport (FCX) by 483.53% based on its latest 2017Q3 regulatory filing with the SEC. M Holdings Securities Inc bought 78,312 shares as the company’s stock declined 21.33% while stock markets rallied. The institutional investor held 94,508 shares of the basic industries company at the end of 2017Q3, valued at $1.33 million, up from 16,196 at the end of the previous reported quarter. M Holdings Securities Inc who had been investing in Freeport for a number of months, seems to be bullish on the $28.59B market cap company. The stock decreased 0.65% or $0.13 during the last trading session, reaching $19.75. About 14.19M shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 6.83% since January 14, 2017 and is uptrending. It has underperformed by 9.87% the S&P500.

M Holdings Securities Inc, which manages about $733.83M and $316.99 million US Long portfolio, decreased its stake in Select Sector Spdr Tr Sbi Healthcare (XLV) by 22,238 shares to 5,759 shares, valued at $471,000 in 2017Q3, according to the filing.

Among 23 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 5 have Buy rating, 5 Sell and 13 Hold. Therefore 22% are positive. Freeport-McMoran Copper & Gold had 92 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Buy” rating by Cowen & Co on Friday, September 22. Cowen & Co maintained Freeport-McMoRan Inc. (NYSE:FCX) on Monday, July 17 with “Buy” rating. The firm has “Buy” rating given on Monday, October 3 by Deutsche Bank. Cowen & Co maintained the shares of FCX in report on Monday, November 21 with “Outperform” rating. Morgan Stanley upgraded the stock to “Hold” rating in Monday, December 11 report. Macquarie Research maintained Freeport-McMoRan Inc. (NYSE:FCX) rating on Wednesday, September 14. Macquarie Research has “Neutral” rating and $10 target. Berenberg downgraded Freeport-McMoRan Inc. (NYSE:FCX) on Wednesday, July 12 to “Sell” rating. The firm has “Mkt Perform” rating by FBR Capital given on Wednesday, July 20. The stock of Freeport-McMoRan Inc. (NYSE:FCX) has “Hold” rating given on Tuesday, October 10 by RBC Capital Markets. The stock of Freeport-McMoRan Inc. (NYSE:FCX) has “Hold” rating given on Tuesday, January 12 by Jefferies.

Since August 21, 2017, it had 0 insider buys, and 1 sale for $15,435 activity.

Investors sentiment is 1 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 57 investors sold FCX shares while 214 reduced holdings. only 91 funds opened positions while 181 raised stakes. 961.13 million shares or 0.14% less from 962.50 million shares in 2017Q2 were reported. Nuveen Asset Management Ltd reported 0.01% stake. Bb&T accumulated 0% or 13,188 shares. Lord Abbett And Limited Liability Company holds 0.06% or 1.58M shares. Ironwood Ltd Liability Co reported 829 shares. Fagan Associates has 18,550 shares for 0.13% of their portfolio. First Republic Management holds 0.01% or 95,373 shares in its portfolio. Oppenheimer Asset Management invested in 486,605 shares or 0.18% of the stock. Poplar Forest Limited Liability Co has 1.67M shares. California-based Whittier has invested 0% in Freeport-McMoRan Inc. (NYSE:FCX). Corecommodity Mngmt Ltd Liability Co has 1.14% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 85,938 shares. Baker Avenue Asset Management Lp reported 0.37% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Ngam Advsrs LP has 0.09% invested in Freeport-McMoRan Inc. (NYSE:FCX). Highbridge Management has invested 0.01% in Freeport-McMoRan Inc. (NYSE:FCX). Barnett & Communication invested in 500 shares. Ameritas Inv Partners has invested 0.02% in Freeport-McMoRan Inc. (NYSE:FCX).

Investors sentiment decreased to 1.18 in 2017 Q3. Its down 2.01, from 3.19 in 2017Q2. It fall, as 35 investors sold TMHC shares while 42 reduced holdings. 21 funds opened positions while 70 raised stakes. 69.48 million shares or 50.77% less from 141.13 million shares in 2017Q2 were reported. Millennium Ltd Liability Com owns 898,630 shares. Capital Fund Mgmt Sa stated it has 0.02% of its portfolio in Taylor Morrison Home Corporation (NYSE:TMHC). Parametric Port Assocs Limited Liability Com holds 0% of its portfolio in Taylor Morrison Home Corporation (NYSE:TMHC) for 63,029 shares. Caprock Grp Inc accumulated 10,485 shares. Credit Suisse Ag owns 0% invested in Taylor Morrison Home Corporation (NYSE:TMHC) for 94,452 shares. Los Angeles Mngmt & Equity Research invested in 0.02% or 130,234 shares. Highbridge Limited Liability holds 41,010 shares. 200,026 are held by Alpine Woods Limited Liability Corporation. Ahl Ptnrs Llp holds 0.02% of its portfolio in Taylor Morrison Home Corporation (NYSE:TMHC) for 43,241 shares. Balyasny Asset Mngmt Limited Liability Company accumulated 28,723 shares. Leuthold Grp Inc Lc accumulated 0.38% or 171,906 shares. Smith Asset Mngmt Group Inc Limited Partnership accumulated 20,286 shares or 0.01% of the stock. First Quadrant Lp Ca stated it has 0.16% of its portfolio in Taylor Morrison Home Corporation (NYSE:TMHC). Virginia Retirement Et Al invested in 47,400 shares. Menta Ltd has 0.23% invested in Taylor Morrison Home Corporation (NYSE:TMHC).

Since October 4, 2017, it had 0 buys, and 1 sale for $456,568 activity.

Hexavest Inc, which manages about $16.29B and $8.16B US Long portfolio, upped its stake in Capital One Finl Co Prop (NYSE:COF) by 22,663 shares to 545,596 shares, valued at $46.19M in 2017Q3, according to the filing. It also increased its holding in Tyson Foods Inc (NYSE:TSN) by 15,624 shares in the quarter, for a total of 992,676 shares, and has risen its stake in Visa Inc (NYSE:V).

Among 11 analysts covering Taylor Morrison Home Corporation (NYSE:TMHC), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Taylor Morrison Home Corporation had 30 analyst reports since August 6, 2015 according to SRatingsIntel. Deutsche Bank maintained it with “Buy” rating and $27 target in Monday, August 7 report. The firm earned “Neutral” rating on Friday, September 11 by JP Morgan. Susquehanna downgraded Taylor Morrison Home Corporation (NYSE:TMHC) on Thursday, August 4 to “Neutral” rating. The rating was downgraded by Gabelli on Thursday, December 8 to “Hold”. Wells Fargo upgraded Taylor Morrison Home Corporation (NYSE:TMHC) on Friday, January 5 to “Outperform” rating. The stock of Taylor Morrison Home Corporation (NYSE:TMHC) earned “Buy” rating by Deutsche Bank on Tuesday, August 9. On Tuesday, March 8 the stock rating was upgraded by Credit Suisse to “Outperform”. On Thursday, January 4 the stock rating was upgraded by Susquehanna to “Positive”. The company was maintained on Friday, April 28 by FBR Capital. The company was initiated on Tuesday, September 20 by Wedbush.

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