Published: Thu, October 12, 2017
Finance | By Loren Pratt

Freeport-McMoRan Inc (FCX) Shares Bought by Advent Capital Management DE


The stock stands almost $2.76 off versus the 52-week high of $17.06 and $5.06 above the 52-week low of $9.24. During the same quarter past year, the business earned ($0.02) EPS. The stock is trading at $14.41 a tad below $14.53, the stock's 50 day moving average and which is marginally higher than the 200 day moving average of $13.15. 330.85 million shares or 0.85% less from 333.69 million shares in 2017Q1 were reported. About shares traded. Freeport-McMoRan Inc (NYSE:FCX) has risen 6.83% since October 11, 2016 and is uptrending.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.8 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Therefore 26% are positive. As per Monday, July 17, the company rating was maintained by Cowen & Co. $15.44's average target is 7.15% above currents $14.41 stock price. The rating was maintained by Barclays Capital on Monday, May 2 with "Equal Weight".

Analysts are also projecting an Average Revenue Estimate for Freeport-McMoRan Inc.as $3.91 Million in the Current Quarter. The stock of Freeport-McMoRan Inc (NYSE:FCX) earned "Hold" rating by BMO Capital Markets on Monday, August 28. The company was maintained on Friday, July 31 by Deutsche Bank. The stock of Tuesday Morning Corporation (NASDAQ:TUES) has "Hold" rating given on Friday, August 21 by Zacks. The rating was maintained by Stifel Nicolaus with "Hold" on Tuesday, July 18. The rating was initiated by Macquarie Research with "Hold" on Thursday, September 7. Nationwide Fund invested in 374,251 shares or 0.02% of the stock. As per Tuesday, September 1, the company rating was downgraded by Citigroup. The company has a Return on Assets (ROA) of 2.60%. The firm has "Buy" rating by Jefferies given on Monday, July 10. They set a "sector outperform" rating and a $18.00 target price for the company. (NYSE:T) on Wednesday, September 28 to "Neutral" rating. The firm has "Hold" rating given on Wednesday, November 11 by Argus Research. The firm earned "Neutral" rating on Tuesday, January 10 by Moffett Nathanson. The stock went up 17.44% at some stage in past quarter. The 50 day moving average moved down $-0.12 and the 200 day average was up $1.26. On a monthly basis the stock is 0.14%. (NYSE:T) to report earnings on October, 24 after the close. Verition Fund Ltd Liability Corporation reported 34,108 shares stake. Scotia Capital has invested 0.38% in AT&T Inc. Hennessy holds 0.09% or 242,700 shares. Stephens Inc Ar reported 325,480 shares stake. Moreover, Commonwealth Equity has 0.04% invested in T-Mobile US Inc (NASDAQ:TMUS).

Aisling Capital Llc holds 6.64% of its portfolio in Esperion Therapeutics Inc for 837,125 shares. The last session's volume was 13,053,783 compared to its average daily volume of 19.51M shares. Foxhaven Asset Management LP has invested 2.6% in T-Mobile US Inc (NASDAQ:TMUS).

Esperion Therapeutics, Inc.is a lipid management company. The company holds 1.45 billion outstanding shares and 1.44 billion shares are floating in market. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. It has a 20.13 P/E ratio. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.


Investors sentiment decreased to 0.55 in 2017 Q2. Its down 0.15, from 1.15 in 2017Q1. Sold All: 72 Reduced: 201 Increased: 206 New Position: 66. Glenhill Advsr Limited Liability Com holds 2.44% or 497,783 shares in its portfolio. On August 15, 2017 Raymond James initiated coverage on FCX with an initial rating of "Market Perform".

Institutional owners hold 69.00% stake while Insiders ownership held at 0.20% in the company. (NYSE:T). Public Employees Retirement Of Ohio, Ohio-based fund reported 4.29 million shares. Beta value of the stock is marked at 2.57. Prudential Public Limited Co invested 0.01% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX). Indexiq Advisors Llc sold 73,709 shares as Freeport (FCX)'s stock declined 21.33%.

Advent Capital Management DE raised its stake in Freeport-McMoRan Inc (NYSE:FCX) by 5,733.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Gabelli & Advisers reported 115,400 shares. Assetmark invested in 0% or 3,342 shares. Amp Cap Invsts Limited stated it has 37,183 shares or 0% of all its holdings.

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