Serengeti Asset Management LP Raised Adecoagro S A (AGRO) Holding By $2.00 Million, U S Global Investors Has Decreased By $66.35 Million Its Freeport (FCX) Position

June 19, 2017 - By marketbeat

U S Global Investors Inc decreased Freeport (FCX) stake by 99.68% reported in 2016Q4 SEC filing. U S Global Investors Inc sold 50,340 shares as Freeport (FCX)’s stock declined 21.33%. The U S Global Investors Inc holds 160 shares with $211,000 value, down from 50,500 last quarter. Freeport now has $16.61 billion valuation. The stock rose 1.27% or $0.14 reaching $11.56. About 8.99 million shares traded. Freeport-McMoRan Inc (NYSE:FCX) has risen 6.83% since June 19, 2016 and is uptrending. It has underperformed by 9.87% the S&P500.

Serengeti Asset Management Lp increased Adecoagro S A (AGRO) stake by 80% reported in 2016Q4 SEC filing. Serengeti Asset Management Lp acquired 200,000 shares as Adecoagro S A (AGRO)’s stock declined 12.17%. The Serengeti Asset Management Lp holds 450,000 shares with $4.67M value, up from 250,000 last quarter. Adecoagro S A now has $1.24 billion valuation. The stock rose 2.32% or $0.23 reaching $10.13 per share. About 528,569 shares traded. Adecoagro SA (NYSE:AGRO) has risen 9.46% since June 19, 2016 and is uptrending. It has underperformed by 7.24% the S&P500.

U S Global Investors Inc increased General Dynamics Corp (NYSE:GD) stake by 3,348 shares to 11,429 valued at $1.97M in 2016Q4. It also upped Sandstorm Gold Ltd (NYSEMKT:SAND) stake by 102,400 shares and now owns 916,800 shares. United Contl Hldgs Inc (NYSE:UAL) was raised too.

Analysts await Freeport-McMoRan Inc (NYSE:FCX) to report earnings on July, 25. They expect $0.24 EPS, up 1,300.00% or $0.26 from last year’s $-0.02 per share. FCX’s profit will be $344.84M for 12.04 P/E if the $0.24 EPS becomes a reality. After $0.15 actual EPS reported by Freeport-McMoRan Inc for the previous quarter, Wall Street now forecasts 60.00% EPS growth.

Among 19 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 5 have Buy rating, 4 Sell and 10 Hold. Therefore 26% are positive. Freeport-McMoran Copper & Gold had 59 analyst reports since July 28, 2015 according to SRatingsIntel. As per Thursday, August 20, the company rating was downgraded by Zacks. The firm has “Hold” rating given on Tuesday, January 12 by Jefferies. As per Wednesday, September 14, the company rating was downgraded by Morgan Stanley. The company was maintained on Friday, September 25 by RBC Capital Markets. The stock of Freeport-McMoRan Inc (NYSE:FCX) has “Sell” rating given on Wednesday, November 30 by Berenberg. As per Saturday, August 29, the company rating was maintained by Deutsche Bank. The stock of Freeport-McMoRan Inc (NYSE:FCX) earned “Outperform” rating by Cowen & Co on Monday, May 16. Goldman Sachs initiated the stock with “Neutral” rating in Thursday, May 19 report. The stock of Freeport-McMoRan Inc (NYSE:FCX) earned “Buy” rating by Deutsche Bank on Monday, August 31. The firm has “Hold” rating given on Wednesday, March 22 by Berenberg.

Since February 1, 2017, it had 0 insider buys, and 4 insider sales for $2.34 million activity. 2,525 shares were sold by WHITMIRE C DONALD JR, worth $38,425. Conger Harry M. IV sold $1.18 million worth of stock. MADONNA JON C/ sold 14,000 shares worth $232,498.

Investors sentiment decreased to 0.96 in 2016 Q4. Its down 0.02, from 0.98 in 2016Q3. It dropped, as 61 investors sold FCX shares while 223 reduced holdings. 99 funds opened positions while 175 raised stakes. 995.10 million shares or 5.90% more from 939.67 million shares in 2016Q3 were reported. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Corp invested 0.01% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX). Rocky Mountain Advisers Ltd Liability Company has 0.06% invested in Freeport-McMoRan Inc (NYSE:FCX) for 1,000 shares. 10.70M are owned by Balyasny Asset Mgmt Lc. Nikko Asset Mngmt Americas owns 1.76 million shares. The Illinois-based Pekin Singer Strauss Asset Il has invested 0.02% in Freeport-McMoRan Inc (NYSE:FCX). 2.43M were reported by Raymond James And Assoc. Loring Wolcott Coolidge Fiduciary Advisors Llp Ma stated it has 1,800 shares. Parkside Savings Bank & Trust reported 739 shares. Baker Avenue Asset Management LP stated it has 0.05% in Freeport-McMoRan Inc (NYSE:FCX). Hightower Limited Liability Co has invested 0.04% in Freeport-McMoRan Inc (NYSE:FCX). Moors And Cabot has invested 0.1% in Freeport-McMoRan Inc (NYSE:FCX). City Hldg has invested 0% in Freeport-McMoRan Inc (NYSE:FCX). Sumitomo Mitsui Tru reported 3.47 million shares stake. Washington Tru Fincl Bank accumulated 105 shares. Kcg Hldgs Incorporated, New Jersey-based fund reported 97,863 shares.

Serengeti Asset Management Lp decreased Kkr & Co LP Del (Call) (NYSE:KKR) stake by 200,000 shares to 2.20 million valued at $33.86M in 2016Q4. It also reduced Red Rock Resorts Inc stake by 367,548 shares and now owns 1.25M shares. Spdr S&P 500 Etf Tr (Put) (SPY) was reduced too.

Among 3 analysts covering Adecoagro S.A. (NYSE:AGRO), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Adecoagro S.A. had 4 analyst reports since September 28, 2015 according to SRatingsIntel. The stock of Adecoagro SA (NYSE:AGRO) earned “Overweight” rating by JP Morgan on Monday, September 28. As per Monday, November 23, the company rating was maintained by Morgan Stanley. Bank of America upgraded Adecoagro SA (NYSE:AGRO) on Tuesday, December 15 to “Buy” rating.