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etvfutures.com January 16, 2018


How Insiders and Institutions are Trading Freeport-McMoRan Inc. (FCX)

14 January 2018, 04:09 | Cesar Cruz

The company has the market capitalization of $28.79 Billion. The company has market cap of $28.59 billion. The overall volume in the last trading session was 15.35 million shares. About 14.19 million shares traded. Freeport-McMoRan Inc has a one year low of $11.05 and a one year high of $20.07. It has underperformed by 16.70% the S&P500.

Natixis decreased its stake in Tesla Inc (TSLA) by 97.17% based on its latest 2017Q3 regulatory filing with the SEC. As per Tuesday, January 2, the company rating was maintained by Robert W. Baird. The Ruane Cunniff & Goldfarb Inc holds 9.63M shares with $729.72 million value, down from 10.15M last quarter. Mutual Of Omaha Bank Wealth Management who had been investing in Target Corp for a number of months, seems to be bullish on the $41.75 billion market cap company. It's now trading about -0.55% below its 52-week high. About 2.10M shares traded. It has outperformed by 25.04% the S&P500.

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

Investors sentiment decreased to 1.02 in 2017 Q3. Its the same as in 2017Q2. It is flat, as 57 investors sold FCX shares while 214 reduced holdings. only 91 funds opened positions while 181 raised stakes. The company has volume of 18.85 Million shares. Sprott invested 0.05% in Freeport-McMoRan Inc.

Several equities analysts recently commented on FCX shares. (NYSE:LOW). Winch Advisory Ltd Limited Liability Company invested 0% of its portfolio in Lowe's Companies, Inc. Banque Pictet And Cie stated it has 0.03% in Freeport-McMoRan Inc.

Corecommodity Management Llc, which manages about $5.19B and $105.70 million US Long portfolio, decreased its stake in Agnico Eagle Mines Ltd (NYSE:AEM) by 12,088 shares to 11,963 shares, valued at $541,000 in 2017Q3, according to the filing. State Of Tennessee Treasury Department stated it has 495,226 shares or 0.04% of all its holdings. Brown Brothers Harriman And has 956 shares. Verity Asset Management Inc has invested 0.27% in General Electric Company (NYSE:GE). (NYSE:FCX). Dimensional Fund Advisors Limited Partnership has invested 0.07% in Freeport-McMoRan Inc. (NYSE:FCX). Sheets Smith Wealth accumulated 58,500 shares. Royal State Bank Of Canada holds 0% of its portfolio in Mattersight Corporation (NASDAQ:MATR) for 18 shares. (NYSE:FCX) for 353,838 shares. The stock of Freeport-McMoRan Inc.

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Freeport-McMoRan Inc (FCX) traded down $0.13 during trading hours on Friday, reaching $19.75. The Weiss Multi-Strategy Advisers Llc holds 2.05M shares with $28.78 million value, up from 1.40 million last quarter. It also increased its holding in Ambarella Inc (NASDAQ:AMBA) by 44,200 shares in the quarter, for a total of 190,900 shares, and has risen its stake in Telefonica Brasil Sa.

Wall Street is only getting more bullish on the stock, with 7 of analysts who cover FCX having a buy-equivalent rating. Therefore 22% are positive. Carmax Inc had 56 analyst reports since August 3, 2015 according to SRatingsIntel. Analysts have a mean recommendation of 2.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). More interesting news about Freeport-McMoRan Inc. (NYSE:FCX) on Tuesday, September 1 to "Neutral" rating. Stratasys Ltd. (NASDAQ:SSYS) has risen 41.74% since January 12, 2017 and is uptrending. The rating was maintained by RBC Capital Markets with "Hold" on Sunday, July 30. RBC Capital Markets has "Hold" rating and $17.0 target. Of all companies tracked, Freeport-McMoRan had the 27th highest net in-flow for the day. The stock has "Overweight" rating by Piper Jaffray on Friday, July 31. Macquarie Research has "Neutral" rating and $7.30 target. RBC Capital Markets maintained CarMax Inc.

Analysts await Mattersight Corporation (NASDAQ:MATR) to report earnings on February, 14. FCX's profit will be $622.47M for 11.48 P/E if the $0.43 EPS becomes a reality. Beech Hill Advisors invested 0.44% in Freeport-McMoRan Inc.

Since August 1, 2017, it had 0 buys, and 8 sales for $19.84 million activity. WHITMIRE C DONALD JR had sold 1,050 shares worth $15,435. The insider DREHOBL STEPHEN V sold $251,894.

The Stock now has Analyst' mean Recommendation of 2.6 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell. Therefore 35% are positive. Citigroup downgraded the shares of FCX in report on Tuesday, September 1 to "Neutral" rating. The firm earned "Sell" rating on Friday, August 28 by TheStreet. Morgan Stanley upgraded Freeport-McMoRan from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $10.00 to $14.00 in a research report on Monday, December 11th. The consensus rating is 2.7, suggesting the market has given up on the stock. They issued a "sector outperform" rating and a $18.00 target price on the stock. As per Tuesday, May 17, the company rating was initiated by CLSA. On Thursday, November 17 the stock rating was downgraded by Deutsche Bank to "Hold". The firm has "Sell" rating given on Friday, July 21 by Berenberg. On Tuesday, June 20 the stock rating was maintained by Jefferies with "Hold".

Investors sentiment increased to 1.11 in Q3 2017. Its down 0.33, from 1.35 in 2017Q2. Bamco Inc New York has 0% invested in Jones Energy, Inc. 73 funds opened positions while 223 raised stakes. Banque Pictet Cie holds 94,730 shares or 0.03% of its portfolio. Thompson Siegel And Walmsley Ltd Com has 0% invested in Stratasys Ltd. (NASDAQ:SSYS). New York-based Neuberger Berman Lc has invested 0.07% in General Electric Company (NYSE:GE). FBR & Co set a $12.00 price target on shares of Freeport-McMoRan and gave the stock a "hold" rating in a research note on Friday, October 20th.



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