First Bancorp. (FBP) Valuation Declined While Lee Thomas H Partners LP Has Decreased by $50.00 Million Its Holding; Glenhill Advisors Stake in Cambrex (CBM) Upped by $15.74 Million as Shares Declined

January 14, 2018 - By Migdalia James

Lee Thomas H Partners Lp decreased its stake in First Bancorp. (FBP) by 49.93% based on its latest 2017Q3 regulatory filing with the SEC. Lee Thomas H Partners Lp sold 10.00 million shares as the company’s stock declined 17.25% while stock markets rallied. The institutional investor held 10.03 million shares of the major banks company at the end of 2017Q3, valued at $51.35M, down from 20.03 million at the end of the previous reported quarter. Lee Thomas H Partners Lp who had been investing in First Bancorp. for a number of months, seems to be less bullish one the $1.17B market cap company. The stock increased 0.37% or $0.02 during the last trading session, reaching $5.4. About 1.69M shares traded. First Bancorp (NYSE:FBP) has risen 32.84% since January 14, 2017 and is uptrending. It has outperformed by 16.14% the S&P500.

Glenn J. Krevlin increased its stake in Cambrex Corp (CBM) by 269.42% based on its latest 2017Q3 regulatory filing with the SEC. Glenhill Advisors Llc bought 291,480 shares as the company’s stock declined 4.05% while stock markets rallied. The hedge fund run by Glenn J. Krevlin held 399,667 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $21.98M, up from 108,187 at the end of the previous reported quarter. Glenhill Advisors Llc who had been investing in Cambrex Corp for a number of months, seems to be bullish on the $1.69 billion market cap company. The stock decreased 0.29% or $0.15 during the last trading session, reaching $51.65. About 151,200 shares traded. Cambrex Corporation (NYSE:CBM) has risen 11.15% since January 14, 2017 and is uptrending. It has underperformed by 5.55% the S&P500.

Among 5 analysts covering Cambrex Corp (NYSE:CBM), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Cambrex Corp had 6 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Cambrex Corporation (NYSE:CBM) earned “Buy” rating by Craig Hallum on Tuesday, October 31. The stock of Cambrex Corporation (NYSE:CBM) has “Buy” rating given on Thursday, February 11 by Singular Research. The stock has “Overweight” rating by First Analysis on Tuesday, January 17. First Analysis upgraded the shares of CBM in report on Monday, November 7 to “Overweight” rating. The company was initiated on Tuesday, July 21 by Stephens.

Investors sentiment increased to 1.58 in Q3 2017. Its up 0.59, from 0.99 in 2017Q2. It is positive, as 18 investors sold CBM shares while 61 reduced holdings. 41 funds opened positions while 84 raised stakes. 31.63 million shares or 2.69% more from 30.80 million shares in 2017Q2 were reported. Fiera Capital Corporation accumulated 0.1% or 399,834 shares. Citigroup Inc holds 3,785 shares or 0% of its portfolio. Beacon Finance Grp has invested 0.05% of its portfolio in Cambrex Corporation (NYSE:CBM). Wellington Mngmt Grp Llp holds 31,683 shares. Hightower Advsr Ltd Limited Liability Company holds 10,697 shares or 0.01% of its portfolio. Prudential Finance accumulated 0.01% or 79,913 shares. Visionary Asset Management has 3,657 shares. Pacad stated it has 0.05% in Cambrex Corporation (NYSE:CBM). Shell Asset Mgmt Com owns 4,746 shares. Campbell Newman Asset holds 0.09% or 9,006 shares. 2,752 are held by Ameritas Invest Prtn. Weber Alan W invested in 43,947 shares or 1.14% of the stock. Schwab Charles Investment Mgmt reported 167,884 shares or 0.01% of all its holdings. State Board Of Administration Of Florida Retirement System invested in 0.01% or 49,594 shares. Victory Cap, a Ohio-based fund reported 5,115 shares.

Glenhill Advisors Llc, which manages about $1.23B US Long portfolio, decreased its stake in Viavi Solutions Inc by 289,070 shares to 2.16M shares, valued at $20.39M in 2017Q3, according to the filing. It also reduced its holding in Destination Xl Group Inc (NASDAQ:DXLG) by 622,418 shares in the quarter, leaving it with 4.86 million shares, and cut its stake in Mgm Resorts International (NYSE:MGM).

Since August 1, 2017, it had 0 buys, and 3 selling transactions for $1.57 million activity.

Since August 7, 2017, it had 0 insider purchases, and 3 sales for $169.65 million activity. $56.55M worth of First Bancorp (NYSE:FBP) was sold by Oaktree Principal Fund V (Delaware) – L.P. on Monday, August 7. Bresler Joshua D sold 10.00 million shares worth $56.55M.

Among 6 analysts covering First Bancorp (NYSE:FBP), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. First Bancorp had 11 analyst reports since July 27, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Outperform” rating in Wednesday, October 14 report. Citigroup upgraded the shares of FBP in report on Thursday, December 21 to “Buy” rating. The stock of First Bancorp (NYSE:FBP) earned “Buy” rating by Keefe Bruyette & Woods on Friday, November 10. The firm has “Overweight” rating given on Friday, April 8 by Piper Jaffray. The stock of First Bancorp (NYSE:FBP) earned “Neutral” rating by Citigroup on Monday, November 20. The rating was maintained by Bank of America on Wednesday, November 8 with “Neutral”. The rating was maintained by Piper Jaffray on Friday, October 6 with “Buy”. Keefe Bruyette & Woods maintained First Bancorp (NYSE:FBP) rating on Wednesday, October 4. Keefe Bruyette & Woods has “Buy” rating and $7.5 target. Guggenheim upgraded the stock to “Buy” rating in Monday, July 27 report. The rating was initiated by Citigroup on Wednesday, February 8 with “Neutral”.

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