Capital Growth Management LP Has Upped Freeport (FCX) Position; Groupon (GRPN) Sentiment Is 1.02

June 14, 2018 - By Adrian Erickson

Groupon, Inc. (NASDAQ:GRPN) Logo

Groupon Inc (GRPN) investors sentiment decreased to 1.02 in Q1 2018. It’s down -0.87, from 1.89 in 2017Q4. The ratio dived, as 90 active investment managers started new and increased positions, while 88 reduced and sold their holdings in Groupon Inc. The active investment managers in our database reported: 331.81 million shares, up from 307.15 million shares in 2017Q4. Also, the number of active investment managers holding Groupon Inc in top ten positions was flat from 2 to 2 for the same number . Sold All: 33 Reduced: 55 Increased: 60 New Position: 30.

Capital Growth Management Lp increased Freeport (FCX) stake by 420% reported in 2018Q1 SEC filing. Capital Growth Management Lp acquired 2.10 million shares as Freeport (FCX)’s stock declined 12.54%. The Capital Growth Management Lp holds 2.60M shares with $45.68M value, up from 500,000 last quarter. Freeport now has $25.55 billion valuation. The stock decreased 0.98% or $0.175 during the last trading session, reaching $17.635. About 10.40M shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 45.98% since June 14, 2017 and is uptrending. It has outperformed by 33.41% the S&P500. Some Historical FCX News: ; 07/05/2018 – INDONESIA’S INALUM CEO SAYS FREEPORT’S GRASBERG COPPER MINE DEAL SEEN GETTING CLOSER; 24/04/2018 – FREEPORT-MCMORAN INC – FIRST-QUARTER 2018 GOLD SALES OF 610 THOUSAND OUNCES WERE LOWER THAN JANUARY 2018 ESTIMATE OF 675 THOUSAND OUNCES; 21/03/2018 – Freeport Closes Above 50-Day Moving Average: Technicals; 21/03/2018 – Buyer of Freeport Indonesia Stake Flooded With Bank Loan Offers; 15/05/2018 – FREEPORT: COPPER SUPPORTED BY DEMAND GROWTH, SUPPLY STRUGGLES; 15/05/2018 – FREEPORT SAYS PARTIES `MOTIVATED’ TO REACH ACCORD IN INDONESIA; 22/05/2018 – RIO IS SAID READY TO ACCEPT $3.5 BILLION DEAL TO EXIT GRASBERG; 07/03/2018 – FREEPORT LNG CEO MICHAEL SMITH COMMMENTS AT CERAWEEK EVENT; 25/04/2018 – FREEPORT MUST RESOLVE 8 ENVIRONMENTAL ISSUES INCLUDING TAILINGS; 24/04/2018 – Freeport-McMoRan 1Q Net $692M

Among 24 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 6 have Buy rating, 5 Sell and 13 Hold. Therefore 25% are positive. Freeport-McMoran Copper & Gold had 108 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Freeport-McMoRan Inc. (NYSE:FCX) has “Hold” rating given on Tuesday, October 10 by RBC Capital Markets. The firm earned “Hold” rating on Monday, May 2 by Deutsche Bank. As per Thursday, December 1, the company rating was maintained by UBS. Gabelli initiated the stock with “Buy” rating in Friday, September 11 report. The stock of Freeport-McMoRan Inc. (NYSE:FCX) has “Sell” rating given on Friday, August 28 by TheStreet. As per Tuesday, March 21, the company rating was upgraded by Deutsche Bank. As per Tuesday, February 6, the company rating was maintained by Stifel Nicolaus. The rating was downgraded by Citigroup on Tuesday, February 23 to “Sell”. The stock has “Hold” rating by FBR Capital on Tuesday, July 18. Cowen & Co maintained Freeport-McMoRan Inc. (NYSE:FCX) rating on Monday, November 21. Cowen & Co has “Outperform” rating and $20 target.

Capital Growth Management Lp decreased Citigroup Inc (NYSE:C) stake by 560,000 shares to 2.10M valued at $141.75 million in 2018Q1. It also reduced Turquoise Hill Res Ltd (NYSE:TRQ) stake by 3.15 million shares and now owns 38.72M shares. United Rentals Inc (NYSE:URI) was reduced too.

More important recent Freeport-McMoRan Inc. (NYSE:FCX) news were published by: Seekingalpha.com which released: “The Curious Case Of Freeport-McMoRan” on June 11, 2018, also Seekingalpha.com published article titled: “Freeport-McMoRan: Update On Bullish Thesis”, Seekingalpha.com published: “Freeport-McMoRan: Strong Potential” on June 05, 2018. More interesting news about Freeport-McMoRan Inc. (NYSE:FCX) was released by: Seekingalpha.com and their article: “Rio Tinto confirms talks over $3.5B Indonesia mine stake sale” with publication date: May 23, 2018.

Since January 31, 2018, it had 0 buys, and 1 sale for $419,125 activity. WHITMIRE C DONALD JR sold 21,500 shares worth $419,125.

Investors sentiment increased to 1.07 in Q1 2018. Its up 0.15, from 0.92 in 2017Q4. It increased, as 36 investors sold FCX shares while 222 reduced holdings. 95 funds opened positions while 180 raised stakes. 1.00 billion shares or 1.38% more from 989.88 million shares in 2017Q4 were reported. First City Capital Inc invested in 11,500 shares. Asset Mgmt Of Georgia Inc Ga Adv invested 0.2% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Independent Investors owns 14,774 shares. State Of Wisconsin Board invested 0.08% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). 133,000 were accumulated by Employees Retirement Of Texas. Kentucky Retirement Sys holds 70,271 shares. Moreover, Advisers Limited Liability Company has 0% invested in Freeport-McMoRan Inc. (NYSE:FCX). Stifel holds 0.04% or 695,127 shares. Tarbox Family Office holds 1,194 shares. Tudor Investment Corp Et Al holds 0.05% or 91,851 shares in its portfolio. Peak6 Investments Lp has 332,411 shares for 0.03% of their portfolio. Los Angeles Cap Mgmt And Equity holds 0.43% or 4.36M shares in its portfolio. The Ohio-based Johnson Investment Counsel has invested 0.01% in Freeport-McMoRan Inc. (NYSE:FCX). Great West Life Assurance Com Can reported 1.55 million shares. Grassi Inv Management has invested 0.23% in Freeport-McMoRan Inc. (NYSE:FCX).

Mig Capital Llc holds 7.11% of its portfolio in Groupon, Inc. for 10.74 million shares. Jericho Capital Asset Management L.P. owns 18.94 million shares or 4.5% of their US portfolio. Moreover, P2 Capital Partners Llc has 3.38% invested in the company for 8.00 million shares. The Washington-based Lesa Sroufe & Co has invested 1.99% in the stock. Ulysses Management Llc, a New York-based fund reported 1.95 million shares.

The stock increased 1.66% or $0.075 during the last trading session, reaching $4.595. About 6.93M shares traded. Groupon, Inc. (GRPN) has risen 41.90% since June 14, 2017 and is uptrending. It has outperformed by 29.33% the S&P500. Some Historical GRPN News: ; 09/05/2018 – Groupon 1Q Adj EPS 3c; 07/05/2018 – Groupon Launches Local Restaurant Deals for American Express Card Members; 09/05/2018 – GROUPON INC – 2018 ADJUSTED EBITDA GUIDANCE RAISED TO $280 MLN TO $290 MLN; 10/05/2018 – GROUPON INC GRPN.O : MORGAN STANLEY RAISES TARGET PRICE TO $4.60 FROM $4.40; 08/05/2018 – Chicagoans Can Now Order from Grubhub Through Groupon; 10/05/2018 – GROUPON INC GRPN.O : COWEN AND COMPANY RAISES TARGET PRICE TO $5.75 FROM $5.50; 02/05/2018 – Groupon Acquires Cloud Savings Company, Ltd. – CWEB.Com; 09/05/2018 – GROUPON SAYS MAY EXPLORE NEW CATEGORIES FOR GROUPON+; 09/05/2018 – GROUPON SEES FY ADJ EBITDA $280M TO $290M, EST. $264.2M; 15/05/2018 – Millennium Management LLC Exits Position in Groupon

Ratings analysis reveals 33% of Groupon’s analysts are positive. Out of 3 Wall Street analysts rating Groupon, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $5.0 while the high is $6.5. The stock’s average target of $5.83 is 26.88% above today’s ($4.595) share price. GRPN was included in 3 notes of analysts from September 14, 2016. RBC Capital Markets maintained it with “Sector Perform” rating and $5.0 target in Thursday, February 16 report. Wedbush upgraded Groupon, Inc. (NASDAQ:GRPN) on Monday, October 17 to “Outperform” rating. Loop Capital initiated it with “Hold” rating and $6.0 target in Wednesday, September 14 report.

Since January 1, 0001, it had 0 buys, and 4 selling transactions for $13.93 million activity.

More news for Groupon, Inc. (NASDAQ:GRPN) were recently published by: Nasdaq.com, which released: “Report: Exploring Fundamental Drivers Behind Marten Transport, Photronics, Cray, Rockwell Automation, Groupon …” on June 11, 2018. Seekingalpha.com‘s article titled: “Groupon: Looking Better And Better” and published on May 20, 2018 is yet another important article.

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

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