Greenlight Capital Decreased Its Freds (FRED) Stake; Pitney Bowes (PBI) Sellers Increased By 19.4% Their Shorts

December 10, 2017 - By Hazel Jackson

Greenlight Capital Inc decreased Freds Inc (FRED) stake by 31.22% reported in 2017Q2 SEC filing. Greenlight Capital Inc sold 680,721 shares as Freds Inc (FRED)’s stock declined 23.59%. The Greenlight Capital Inc holds 1.50 million shares with $13.84M value, down from 2.18 million last quarter. Freds Inc now has $142.79M valuation. The stock decreased 8.42% or $0.34 during the last trading session, reaching $3.75. About 3.75 million shares traded or 252.23% up from the average. Fred's, Inc. (NASDAQ:FRED) has risen 3.21% since December 10, 2016 and is uptrending. It has underperformed by 13.49% the S&P500.

Pitney Bowes Incorporated (NYSE:PBI) had an increase of 19.4% in short interest. PBI’s SI was 6.06M shares in December as released by FINRA. Its up 19.4% from 5.08 million shares previously. With 1.54M avg volume, 4 days are for Pitney Bowes Incorporated (NYSE:PBI)’s short sellers to cover PBI’s short positions. The SI to Pitney Bowes Incorporated’s float is 3.27%. The stock increased 0.37% or $0.04 during the last trading session, reaching $10.72. About 1.60M shares traded. Pitney Bowes Inc. (NYSE:PBI) has declined 15.45% since December 10, 2016 and is downtrending. It has underperformed by 32.15% the S&P500.

Investors sentiment decreased to 0.89 in 2017 Q2. Its down 0.22, from 1.11 in 2017Q1. It dived, as 43 investors sold Pitney Bowes Inc. shares while 109 reduced holdings. 49 funds opened positions while 87 raised stakes. 140.22 million shares or 1.45% less from 142.28 million shares in 2017Q1 were reported. Moreover, Numeric Llc has 0.01% invested in Pitney Bowes Inc. (NYSE:PBI). Ftb reported 0% in Pitney Bowes Inc. (NYSE:PBI). Advantus Mngmt invested in 0.01% or 23,544 shares. Gotham Asset Mgmt Llc reported 0.08% stake. Employees Retirement Association Of Colorado invested in 0% or 36,736 shares. State Of Wisconsin Invest Board holds 0% in Pitney Bowes Inc. (NYSE:PBI) or 37,126 shares. Los Angeles And Equity stated it has 320,101 shares. Manufacturers Life Insur Company The reported 0.01% of its portfolio in Pitney Bowes Inc. (NYSE:PBI). Aqr Mngmt Ltd Liability Corporation holds 0.01% in Pitney Bowes Inc. (NYSE:PBI) or 318,366 shares. 62,300 were accumulated by Meyer Handelman. Highbridge Cap Mngmt Ltd Liability has 0.11% invested in Pitney Bowes Inc. (NYSE:PBI). Moreover, Nationwide Fund Advsrs has 0.02% invested in Pitney Bowes Inc. (NYSE:PBI) for 372,525 shares. Toronto Dominion Retail Bank invested 0% in Pitney Bowes Inc. (NYSE:PBI). Moreover, Schroder Mgmt Grp Inc has 0.05% invested in Pitney Bowes Inc. (NYSE:PBI). 531,042 were reported by Segall Bryant Hamill Lc.

Pitney Bowes Inc. offers customer information management, location intelligence, and customer engagement technology products and solutions in the United States and internationally. The company has market cap of $2.00 billion. The firm operates in three divisions: Small & Medium Business Solutions; Enterprise Business Solutions; and Digital Commerce Solutions. It has a 23.05 P/E ratio. The Small & Medium Business Solutions segment is involved in the sale, rental, financing, and servicing of mailing equipment, software, and supplies.

Among 5 analysts covering Pitney Bowes (NYSE:PBI), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Pitney Bowes had 7 analyst reports since September 1, 2015 according to SRatingsIntel. On Monday, May 15 the stock rating was downgraded by Sidoti to “Neutral”. The stock of Pitney Bowes Inc. (NYSE:PBI) has “Sell” rating given on Monday, September 7 by Zacks. On Friday, July 28 the stock rating was initiated by Loop Capital Markets with “Hold”. Loop Capital maintained Pitney Bowes Inc. (NYSE:PBI) rating on Thursday, November 2. Loop Capital has “Hold” rating and $12 target. Brean Capital maintained the stock with “Buy” rating in Thursday, September 17 report. The stock of Pitney Bowes Inc. (NYSE:PBI) earned “Buy” rating by Sidoti on Wednesday, August 2. The firm has “Sell” rating given on Tuesday, September 1 by Zacks.

Analysts await Fred's, Inc. (NASDAQ:FRED) to report earnings on December, 14. They expect $-0.14 EPS, up 48.15% or $0.13 from last year’s $-0.27 per share. After $-0.15 actual EPS reported by Fred's, Inc. for the previous quarter, Wall Street now forecasts -6.67% EPS growth.

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