Jw Asset Management Lifted Alibaba Group Hldg LTD (BABA) Position; U S Global Investors Position in Freeport (FCX) Trimmed by $1.88 Million as Market Value Declined

January 16, 2018 - By Linda Rogers

Jw Asset Management Llc increased its stake in Alibaba Group Hldg Ltd (BABA) by 66.67% based on its latest 2017Q3 regulatory filing with the SEC. Jw Asset Management Llc bought 10,000 shares as the company’s stock rose 22.58% with the market. The institutional investor held 25,000 shares of the business services company at the end of 2017Q3, valued at $4.32 million, up from 15,000 at the end of the previous reported quarter. Jw Asset Management Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $471.88 billion market cap company. The stock decreased 2.07% or $3.88 during the last trading session, reaching $183.91. About 16.31M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since January 16, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

U S Global Investors Inc decreased its stake in Freeport (FCX) by 65.69% based on its latest 2017Q3 regulatory filing with the SEC. U S Global Investors Inc sold 1,340 shares as the company’s stock declined 21.33% while stock markets rallied. The institutional investor held 700 shares of the basic industries company at the end of 2017Q3, valued at $983,000, down from 2,040 at the end of the previous reported quarter. U S Global Investors Inc who had been investing in Freeport for a number of months, seems to be less bullish one the $28.18B market cap company. The stock decreased 1.44% or $0.285 during the last trading session, reaching $19.465. About 10.89M shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 6.83% since January 16, 2017 and is uptrending. It has underperformed by 9.87% the S&P500.

Investors sentiment is 1 in 2017 Q3. Its the same as in 2017Q2. It is flat, as 57 investors sold FCX shares while 214 reduced holdings. only 91 funds opened positions while 181 raised stakes. 961.13 million shares or 0.14% less from 962.50 million shares in 2017Q2 were reported. Menta Capital Limited Liability Company stated it has 33,200 shares. Royal Bancorporation Of Scotland Grp Inc Public Ltd holds 0.05% or 15,000 shares. Mitsubishi Ufj Tru Banking Corp owns 2.88M shares for 0.07% of their portfolio. Oppenheimer And Inc has 0.05% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 142,139 shares. Ubs Asset Mngmt Americas Incorporated owns 4.01 million shares. Ntv Asset Management Ltd Company stated it has 0.13% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Nomura Holding holds 0.01% or 342,532 shares. Bankshares Of Ny Mellon holds 0.09% in Freeport-McMoRan Inc. (NYSE:FCX) or 24.29 million shares. Lpl Ltd owns 429,436 shares or 0.02% of their US portfolio. Bbva Compass Fincl Bank accumulated 37,748 shares. Ubs Oconnor Lc holds 419,100 shares or 0.13% of its portfolio. Oregon Pub Employees Retirement Fund invested in 287,094 shares or 0.07% of the stock. Tower Limited Liability Company (Trc) holds 0.01% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX) for 8,910 shares. North Star Mngmt accumulated 88,728 shares or 0.16% of the stock. Stuyvesant Cap Mgmt has 8.72% invested in Freeport-McMoRan Inc. (NYSE:FCX).

U S Global Investors Inc, which manages about $845.00 million and $336.74M US Long portfolio, upped its stake in Jetblue Airways Corp (NASDAQ:JBLU) by 43,994 shares to 254,450 shares, valued at $4.71 million in 2017Q3, according to the filing. It also increased its holding in United Contl Hldgs Inc (NYSE:UAL) by 39,380 shares in the quarter, for a total of 229,017 shares, and has risen its stake in Sandstorm Gold Ltd (NYSEMKT:SAND).

Since August 21, 2017, it had 0 insider buys, and 1 insider sale for $15,435 activity.

Analysts await Freeport-McMoRan Inc. (NYSE:FCX) to report earnings on January, 24. They expect $0.43 EPS, up 72.00% or $0.18 from last year’s $0.25 per share. FCX’s profit will be $622.46M for 11.32 P/E if the $0.43 EPS becomes a reality. After $0.34 actual EPS reported by Freeport-McMoRan Inc. for the previous quarter, Wall Street now forecasts 26.47% EPS growth.

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