Columbus Circle Investors Trimmed Position in Citizens Finl Group (CFG) by $13.40 Million; Prince Street Capital Management Holding in Freeport (FCX) Lowered as Stock Value Declined

February 17, 2018 - By Richard Conner

Prince Street Capital Management Llc decreased its stake in Freeport (FCX) by 80.05% based on its latest 2017Q3 regulatory filing with the SEC. Prince Street Capital Management Llc sold 2.16M shares as the company’s stock declined 21.33% while stock markets rallied. The institutional investor held 537,500 shares of the basic industries company at the end of 2017Q3, valued at $7.55M, down from 2.69 million at the end of the previous reported quarter. Prince Street Capital Management Llc who had been investing in Freeport for a number of months, seems to be less bullish one the $27.11B market cap company. The stock decreased 2.04% or $0.39 during the last trading session, reaching $18.73. About 16.55M shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 6.83% since February 17, 2017 and is uptrending. It has underperformed by 9.87% the S&P500.

Donald Chiboucis decreased its stake in Citizens Finl Group Inc (CFG) by 22.76% based on its latest 2017Q3 regulatory filing with the SEC. Columbus Circle Investors sold 362,222 shares as the company’s stock declined 8.64% while stock markets rallied. The hedge fund run by Donald Chiboucis held 1.23 million shares of the finance company at the end of 2017Q3, valued at $46.54 million, down from 1.59 million at the end of the previous reported quarter. Columbus Circle Investors who had been investing in Citizens Finl Group Inc for a number of months, seems to be less bullish one the $22.60 billion market cap company. The stock decreased 0.20% or $0.09 during the last trading session, reaching $45.93. About 2.80M shares traded. Citizens Financial Group, Inc. (NYSE:CFG) has risen 50.96% since February 17, 2017 and is uptrending. It has outperformed by 34.26% the S&P500.

Investors sentiment increased to 1.01 in 2017 Q3. Its up 0.01, from 1 in 2017Q2. It increased, as 50 investors sold CFG shares while 178 reduced holdings. 55 funds opened positions while 175 raised stakes. 468.84 million shares or 1.38% less from 475.38 million shares in 2017Q2 were reported. Engineers Gate Manager Lp holds 0.09% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG) for 26,914 shares. Dupont Cap Mgmt Corporation stated it has 0.17% in Citizens Financial Group, Inc. (NYSE:CFG). Manufacturers Life Insurance Co The holds 0.15% in Citizens Financial Group, Inc. (NYSE:CFG) or 3.30M shares. Pub Employees Retirement Association Of Colorado holds 85,315 shares or 0.02% of its portfolio. Natixis invested in 942,931 shares. Opus Inv Mngmt holds 34,000 shares or 0.23% of its portfolio. Cibc World invested in 72,925 shares. Acadian Asset Limited Liability Corp reported 495 shares. Louisiana State Employees Retirement owns 31,300 shares. Td Asset Mngmt invested 0.05% in Citizens Financial Group, Inc. (NYSE:CFG). Moreover, Credit Agricole S A has 0.03% invested in Citizens Financial Group, Inc. (NYSE:CFG) for 235,422 shares. Dnb Asset Mngmt As holds 156,577 shares or 0.08% of its portfolio. Alps Advisors invested 0% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG). Brandywine Inv Management Limited Liability Company holds 559,334 shares. Quantitative Mngmt Limited Liability reported 0.18% stake.

Among 26 analysts covering Citizens Financial Group (NYSE:CFG), 12 have Buy rating, 3 Sell and 11 Hold. Therefore 46% are positive. Citizens Financial Group had 82 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Citizens Financial Group, Inc. (NYSE:CFG) earned “Buy” rating by Citigroup on Monday, October 12. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, December 13 report. The stock has “Sell” rating by Zacks on Friday, August 21. As per Sunday, October 22, the company rating was maintained by Keefe Bruyette & Woods. The stock of Citizens Financial Group, Inc. (NYSE:CFG) has “Outperform” rating given on Friday, May 13 by Wells Fargo. The firm has “Hold” rating by Robert W. Baird given on Friday, January 19. As per Thursday, August 27, the company rating was upgraded by Zacks. The stock of Citizens Financial Group, Inc. (NYSE:CFG) earned “Hold” rating by RBC Capital Markets on Sunday, July 23. The rating was upgraded by BMO Capital Markets on Tuesday, December 19 to “Outperform”. Bernstein upgraded Citizens Financial Group, Inc. (NYSE:CFG) on Thursday, September 14 to “Outperform” rating.

Columbus Circle Investors, which manages about $17.54B and $5.87B US Long portfolio, upped its stake in Southwest Airls Co (NYSE:LUV) by 46,101 shares to 267,004 shares, valued at $14.95M in 2017Q3, according to the filing. It also increased its holding in Lumentum Hldgs Inc by 228,532 shares in the quarter, for a total of 837,532 shares, and has risen its stake in Brooks Automation Inc (NASDAQ:BRKS).

Among 23 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 4 have Buy rating, 5 Sell and 14 Hold. Therefore 17% are positive. Freeport-McMoran Copper & Gold had 97 analyst reports since July 28, 2015 according to SRatingsIntel. Jefferies maintained Freeport-McMoRan Inc. (NYSE:FCX) rating on Monday, August 28. Jefferies has “Buy” rating and $18.0 target. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, February 6 report. Deutsche Bank maintained Freeport-McMoRan Inc. (NYSE:FCX) on Friday, July 31 with “Buy” rating. Cowen & Co maintained the stock with “Buy” rating in Monday, October 23 report. The stock has “Hold” rating by RBC Capital Markets on Sunday, July 30. Macquarie Research maintained Freeport-McMoRan Inc. (NYSE:FCX) rating on Saturday, August 15. Macquarie Research has “Outperform” rating and $22 target. The stock has “Outperform” rating by Cowen & Co on Friday, July 24. CLSA downgraded the shares of FCX in report on Tuesday, April 19 to “Sell” rating. Deutsche Bank maintained the stock with “Buy” rating in Saturday, August 29 report. Bank of America maintained Freeport-McMoRan Inc. (NYSE:FCX) rating on Wednesday, October 4. Bank of America has “Underperform” rating and $29 target.

Investors sentiment is 1 in 2017 Q3. Its the same as in 2017Q2. It is the same, 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. 96,350 are owned by Flippin Bruce Porter Inc. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 682,746 shares or 0.09% of the stock. Moreover, Legacy Capital Partners has 0.15% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 20,580 shares. Macquarie Gru Limited stated it has 0% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Indexiq Advsr Lc owns 160,624 shares. Massachusetts-based Woodstock Corp has invested 0.05% in Freeport-McMoRan Inc. (NYSE:FCX). Millennium Management Ltd Limited Liability Company has 3.26M shares for 0.07% of their portfolio. Essex Inv Mngmt Limited Liability Company stated it has 0.34% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Ing Groep Nv holds 0.05% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX) for 177,199 shares. National Bank & Trust Of Nova Scotia holds 238,614 shares or 0.02% of its portfolio. Reilly Financial Ltd Liability has invested 0.01% in Freeport-McMoRan Inc. (NYSE:FCX). 20,699 were accumulated by Berkshire Asset Management Ltd Pa. Sigma Planning invested 0.03% in Freeport-McMoRan Inc. (NYSE:FCX). United Kingdom-based Dynamic Capital Management Limited has invested 0.16% in Freeport-McMoRan Inc. (NYSE:FCX). Barometer Cap Mngmt owns 49,800 shares.

Since August 21, 2017, it had 0 buys, and 1 sale for $419,125 activity.

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