Freeport-Mcmoran Inc (NYSE:FCX).
Hosking Partners Llp raised its investment in Freeport-Mcmoran Inc by 3,228 shares as of the end of the last quarter. Its position stood at $11,410,000 an increase of $1,688,000 as of the end of the quarter.
Several firms have shifted positions in (FCX). Frontier Investment Mgmt Co reduced its investment by selling 2,600 shares a decrease of 11.9% in the quarter. Frontier Investment Mgmt Co claims 19,192 shares worth $269,000. The value of the position overall is up by 2.7%. Hosking Partners Llp bolstered its ownership by buying 3,228 shares an increase of 0.4%. Hosking Partners Llp owns 812,695 shares valued at $11,410,000. The total value of its holdings increased 17.4%.
Hosking Partners Llp expanded its holdings by buying 3,228 shares an increase of 0.4% as of 09/30/2017. Hosking Partners Llp controls 812,695 shares with a value of $11,410,000. The value of the position overall is up by 17.4%. Baird Financial Group, Inc. divested its position by selling 28,747 shares a decrease of 36.2% from 06/30/2017 to 09/30/2017. Baird Financial Group, Inc. currently owns 50,583 shares with a value of $710,000. The value of the position overall is down by 25.5%.
Commonwealth Of Pennsylvania Public School Empls Retrmt SYS trimmed its stake by shedding 14,003 shares a decrease of 8.4% in the quarter. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS now holds 152,434 shares worth $2,140,000. The value of the position overall is up by 7.1%.
On October 26 FBR & Co kept the company rating at “Hold” targeting a price of $12.00. Equity analyst FBR & Co updated guidance on FCX with a rating of “Hold” and projecting a price target of $12.00.
On October 11, 2017 Royal Bank Of Canada released research on FCX and giving a rating of “Hold” and setting a price target of $14.00.
October 4 investment analysts at Jefferies Group LLC left the stock rating at “Buy” projecting a price of $19.00. CIBC updated coverage of FCX giving it an initial rating of “Sector Outperform”.
The company is trading down by 0.18% since yesterday’s close of 13.81. The P/E ratio is currently 19.01 and the market cap is 19.94B. As of the last earnings report the EPS was $0.72 with 1.45B shares outstanding.
Short traders are feeling a little more bullish on Freeport-Mcmoran Inc of late if you evaluate the motion in short interest. The firm realized a fall in short interest from October 13, 2017 to October 31, 2017 of -7.35%. Short interest decreased from 33,890,387 to 31,399,374 over that timeframe. Days to cover decreased 0.0 to 2.0 and the percentage of shorted shares is 0.02% as of October 31.