Pomelo Capital Lowered Holding in Penney J C (Call) (JCP) by $12.73 Million; Fluor New (FLR) Shares Declined While Hbk Investments LP Boosted Its Position

February 24, 2018 - By Darrin Black

David Costen Haley increased its stake in Fluor Corp New (FLR) by 356.41% based on its latest 2017Q3 regulatory filing with the SEC. Hbk Investments LP bought 74,480 shares as the company’s stock declined 18.75% while stock markets rallied. The hedge fund run by David Costen Haley held 95,377 shares of the military and government and technical company at the end of 2017Q3, valued at $4.02 million, up from 20,897 at the end of the previous reported quarter. Hbk Investments LP who had been investing in Fluor Corp New for a number of months, seems to be bullish on the $8.14 billion market cap company. The stock increased 0.07% or $0.04 during the last trading session, reaching $58.15. About 1.29 million shares traded. Fluor Corporation (NYSE:FLR) has declined 7.15% since February 24, 2017 and is downtrending. It has underperformed by 23.85% the S&P500.

Philip Rosenstrach decreased its stake in Penney J C Inc (Call) (JCP) by 85.4% based on its latest 2017Q3 regulatory filing with the SEC. Pomelo Capital Llc sold 4.24 million shares as the company’s stock declined 35.14% while stock markets rallied. The hedge fund run by Philip Rosenstrach held 725,000 shares of the consumer services company at the end of 2017Q3, valued at $2.76 million, down from 4.97 million at the end of the previous reported quarter. Pomelo Capital Llc who had been investing in Penney J C Inc (Call) for a number of months, seems to be less bullish one the $1.27B market cap company. The stock increased 3.05% or $0.12 during the last trading session, reaching $4.06. About 18.44M shares traded or 16.89% up from the average. J. C. Penney Company, Inc. (NYSE:JCP) has declined 40.00% since February 24, 2017 and is downtrending. It has underperformed by 56.70% the S&P500.

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.32, from 1.13 in 2017Q2. It dived, as 59 investors sold FLR shares while 144 reduced holdings. 35 funds opened positions while 129 raised stakes. 115.07 million shares or 1.01% less from 116.24 million shares in 2017Q2 were reported. Moreover, Andra Ap has 0.06% invested in Fluor Corporation (NYSE:FLR). Jnba Advsrs owns 23 shares or 0% of their US portfolio. Barrow Hanley Mewhinney & Strauss Limited holds 0% of its portfolio in Fluor Corporation (NYSE:FLR) for 682 shares. Meeder Asset Mngmt reported 14,657 shares. Parallax Volatility Advisers Lp accumulated 45,392 shares. Lpl Financial Ltd accumulated 31,410 shares. Citigroup reported 0.01% in Fluor Corporation (NYSE:FLR). Price T Rowe Associates Inc Md invested in 226,924 shares. Plante Moran Financial Ltd Limited Liability Company owns 248 shares. Nationwide Fund holds 0.01% of its portfolio in Fluor Corporation (NYSE:FLR) for 45,411 shares. Goldman Sachs stated it has 0.02% in Fluor Corporation (NYSE:FLR). Becker Cap Management owns 637,958 shares. Invesco Ltd has 0.04% invested in Fluor Corporation (NYSE:FLR) for 2.61 million shares. Advantus Cap Mgmt reported 13,888 shares. Vantage Advsrs Ltd Liability holds 110 shares.

Among 19 analysts covering Fluor Corporation (NYSE:FLR), 9 have Buy rating, 0 Sell and 10 Hold. Therefore 47% are positive. Fluor Corporation had 57 analyst reports since July 31, 2015 according to SRatingsIntel. The company was upgraded on Thursday, June 1 by DA Davidson. On Friday, November 3 the stock rating was maintained by Credit Suisse with “Neutral”. Canaccord Genuity upgraded it to “Buy” rating and $55 target in Monday, May 8 report. The firm earned “Accumulate” rating on Monday, August 7 by Johnson Rice. The stock of Fluor Corporation (NYSE:FLR) has “Market Perform” rating given on Friday, February 19 by FBR Capital. On Tuesday, November 8 the stock rating was downgraded by Credit Suisse to “Neutral”. Robert W. Baird maintained the shares of FLR in report on Tuesday, September 5 with “Hold” rating. KeyBanc Capital Markets maintained Fluor Corporation (NYSE:FLR) rating on Wednesday, December 13. KeyBanc Capital Markets has “Buy” rating and $54.0 target. The stock of Fluor Corporation (NYSE:FLR) has “Outperform” rating given on Friday, February 19 by Macquarie Research. The stock of Fluor Corporation (NYSE:FLR) has “Neutral” rating given on Friday, November 3 by UBS.

Hbk Investments L P, which manages about $18.41 billion and $12.69 billion US Long portfolio, decreased its stake in Infrareit Inc by 28,819 shares to 47,120 shares, valued at $1.05 million in 2017Q3, according to the filing. It also reduced its holding in Cdk Global Inc (NASDAQ:CDK) by 51,966 shares in the quarter, leaving it with 39,800 shares, and cut its stake in Devon Energy Corp New (NYSE:DVN).

Pomelo Capital Llc, which manages about $366.34 million and $3.00B US Long portfolio, upped its stake in Canadian Solar Inc (Put) (NASDAQ:CSIQ) by 457,200 shares to 1.25 million shares, valued at $21.13 million in 2017Q3, according to the filing. It also increased its holding in Weatherford Intl Plc (NYSE:WFT) by 580,000 shares in the quarter, for a total of 590,000 shares, and has risen its stake in Ypf Sociedad Anonima (Put) (NYSE:YPF).

Investors sentiment increased to 1.19 in Q3 2017. Its up 0.40, from 0.79 in 2017Q2. It increased, as 45 investors sold JCP shares while 51 reduced holdings. 38 funds opened positions while 76 raised stakes. 222.21 million shares or 0.72% more from 220.63 million shares in 2017Q2 were reported. Shikiar Asset accumulated 0.05% or 29,000 shares. Cibc Asset Management Incorporated accumulated 0% or 44,301 shares. Asset Mngmt Of Georgia Inc Ga Adv reported 51,185 shares. Salem Inv Counselors Inc has invested 0% in J. C. Penney Company, Inc. (NYSE:JCP). Blackrock Inc holds 0.01% or 38.99M shares in its portfolio. Tci Wealth Advsr has 400 shares for 0% of their portfolio. Bessemer Gp holds 500 shares or 0% of its portfolio. Hsbc Public Limited Com has invested 0% in J. C. Penney Company, Inc. (NYSE:JCP). Strs Ohio has invested 0.08% in J. C. Penney Company, Inc. (NYSE:JCP). Ameriprise Fincl owns 1.61 million shares. Melvin Capital Management Lp owns 0.25% invested in J. C. Penney Company, Inc. (NYSE:JCP) for 5.40M shares. Alphamark Advisors Ltd stated it has 200 shares or 0% of all its holdings. Hrt Limited Liability Co reported 10,591 shares. Vermont-based Of Vermont has invested 0% in J. C. Penney Company, Inc. (NYSE:JCP). Panagora Asset Mngmt reported 7,984 shares.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>