As Freeport (FCX) Stock Price Declined, Tyrus Capital Sam Lifted Stake by $3.91 Million; As Plains All Amern Pipeline L (PAA) Stock Value Declined, Shareholder Moors & Cabot Lowered Position

February 20, 2018 - By Peter Erickson

Tony Chedraoui increased its stake in Freeport (FCX) by 87.21% based on its latest 2017Q3 regulatory filing with the SEC. Tyrus Capital Sam bought 279,500 shares as the company’s stock declined 21.33% while stock markets rallied. The hedge fund run by Tony Chedraoui held 600,000 shares of the basic industries company at the end of 2017Q3, valued at $8.42M, up from 320,500 at the end of the previous reported quarter. Tyrus Capital Sam who had been investing in Freeport for a number of months, seems to be bullish on the $27.11 billion market cap company. The stock decreased 2.04% or $0.39 during the last trading session, reaching $18.73. About 16.55 million shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 6.83% since February 20, 2017 and is uptrending. It has underperformed by 9.87% the S&P500.

Moors & Cabot Inc decreased its stake in Plains All Amern Pipeline L (PAA) by 43.03% based on its latest 2017Q3 regulatory filing with the SEC. Moors & Cabot Inc sold 29,983 shares as the company’s stock declined 10.37% while stock markets rallied. The institutional investor held 39,691 shares of the energy company at the end of 2017Q3, valued at $841,000, down from 69,674 at the end of the previous reported quarter. Moors & Cabot Inc who had been investing in Plains All Amern Pipeline L for a number of months, seems to be less bullish one the $16.23B market cap company. The stock decreased 0.71% or $0.16 during the last trading session, reaching $22.38. About 3.89 million shares traded or 0.25% up from the average. Plains All American Pipeline, L.P. (NYSE:PAA) has risen 11.50% since February 20, 2017 and is uptrending. It has underperformed by 5.20% the S&P500.

Moors & Cabot Inc, which manages about $691.43 million US Long portfolio, upped its stake in Eversource Energy by 18,989 shares to 38,207 shares, valued at $2.31 million in 2017Q3, according to the filing. It also increased its holding in Intel Corp (NASDAQ:INTC) by 38,108 shares in the quarter, for a total of 169,291 shares, and has risen its stake in Alphabet Inc.

Among 30 analysts covering Plains All American Pipeline LP (NYSE:PAA), 12 have Buy rating, 1 Sell and 17 Hold. Therefore 40% are positive. Plains All American Pipeline LP had 106 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) earned “Buy” rating by Raymond James on Monday, August 28. The firm earned “Equal-Weight” rating on Wednesday, August 9 by Morgan Stanley. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) earned “Buy” rating by Morgan Stanley on Tuesday, February 13. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) earned “Neutral” rating by Bank of America on Monday, August 28. Oppenheimer downgraded the stock to “Perform” rating in Monday, December 21 report. The firm has “Hold” rating by Jefferies given on Thursday, June 22. The firm has “Hold” rating given on Monday, August 7 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, December 20 by Jefferies. The stock has “Neutral” rating by UBS on Thursday, August 6. Wolfe Research maintained the shares of PAA in report on Monday, April 24 with “Market Perform” rating.

Investors sentiment decreased to 0.63 in Q3 2017. Its down 0.42, from 1.05 in 2017Q2. It dropped, as 62 investors sold PAA shares while 124 reduced holdings. 35 funds opened positions while 82 raised stakes. 303.49 million shares or 3.28% more from 293.86 million shares in 2017Q2 were reported. United Fire Grp Inc holds 6,000 shares or 0.04% of its portfolio. Freestone Cap Ltd invested 0.36% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA). Cetera Advisor Limited Company invested in 0.01% or 14,864 shares. Tortoise Mgmt Limited Liability Company holds 600 shares or 0% of its portfolio. Jefferies Group Inc Ltd Liability has 0% invested in Plains All American Pipeline, L.P. (NYSE:PAA). Focused Wealth Management has invested 0% in Plains All American Pipeline, L.P. (NYSE:PAA). Citadel Advsrs Ltd Com invested in 138,578 shares or 0% of the stock. Adell Harriman And Carpenter Inc stated it has 12,265 shares or 0.06% of all its holdings. Plancorp Limited Liability Corporation, Missouri-based fund reported 12,150 shares. Clearbridge Invests Lc reported 0.13% in Plains All American Pipeline, L.P. (NYSE:PAA). Starr Communications has invested 0.35% in Plains All American Pipeline, L.P. (NYSE:PAA). Riverpoint Capital Mgmt has 0.03% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 24,145 shares. United Cap Fin Advisers Ltd Limited Liability Company has 258,729 shares. Stephens Ar stated it has 0.09% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA). Lucas has 41,733 shares.

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. Macquarie Research maintained the stock with “Neutral” rating in Wednesday, September 14 report. Morgan Stanley upgraded it to “Hold” rating and $14.0 target in Monday, December 11 report. The firm has “Hold” rating given on Tuesday, September 13 by Deutsche Bank. RBC Capital Markets maintained Freeport-McMoRan Inc. (NYSE:FCX) rating on Tuesday, August 11. RBC Capital Markets has “Sector Perform” rating and $17 target. The rating was downgraded by Morgan Stanley on Wednesday, September 14 to “Underweight”. On Monday, October 30 the stock rating was maintained by UBS with “Neutral”. As per Monday, October 17, the company rating was reinitiated by Bank of America. The firm has “Buy” rating by Deutsche Bank given on Saturday, August 29. RBC Capital Markets maintained it with “Hold” rating and $14.0 target in Sunday, September 3 report. The firm has “Hold” rating given on Wednesday, June 28 by RBC Capital Markets.

Tyrus Capital Sam, which manages about $1.28B US Long portfolio, decreased its stake in Rice Energy Inc (NYSE:RICE) by 648,000 shares to 502,000 shares, valued at $14.53M in 2017Q3, according to the filing.

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