Stephen Mandel decreased its stake in Fleetcor Technologies Inc (FLT) by 87.77% based on its latest 2017Q3 regulatory filing with the SEC. Lone Pine Capital Llc sold 5.75M shares as the company’s stock declined 18.44% while stock markets rallied. The hedge fund run by Stephen Mandel held 801,482 shares of the miscellaneous company at the end of 2017Q3, valued at $124.05M, down from 6.56 million at the end of the previous reported quarter. Lone Pine Capital Llc who had been investing in Fleetcor Technologies Inc for a number of months, seems to be less bullish one the $18.81 billion market cap company. The stock decreased 0.20% or $0.41 during the last trading session, reaching $209.59. About 366,051 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has declined 6.67% since January 30, 2017 and is downtrending. It has underperformed by 23.37% the S&P500.
Carl Domino Inc increased its stake in Bank Amer Corp (BAC) by 138.16% based on its latest 2017Q3 regulatory filing with the SEC. Carl Domino Inc bought 45,119 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 77,777 shares of the major banks company at the end of 2017Q3, valued at $1.97M, up from 32,658 at the end of the previous reported quarter. Carl Domino Inc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $327.96 billion market cap company. The stock decreased 1.24% or $0.4 during the last trading session, reaching $31.88. About 60.08 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 30, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.
Since August 10, 2017, it had 0 insider purchases, and 1 sale for $2.10 million activity.
Carl Domino Inc, which manages about $237.47 million and $81.96M US Long portfolio, decreased its stake in Brocade Communications Sys I (NASDAQ:BRCD) by 33,500 shares to 17,250 shares, valued at $206,000 in 2017Q3, according to the filing.
Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Therefore 66% are positive. Bank of America had 105 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained Bank of America Corporation (NYSE:BAC) rating on Friday, July 7. Jefferies has “Buy” rating and $2800 target. The firm has “Outperform” rating by Wells Fargo given on Thursday, August 10. As per Thursday, April 7, the company rating was maintained by JP Morgan. Oppenheimer maintained the stock with “Outperform” rating in Saturday, September 5 report. The company was maintained on Wednesday, May 31 by BMO Capital Markets. KBW upgraded the stock to “Buy” rating in Tuesday, September 1 report. The stock of Bank of America Corporation (NYSE:BAC) earned “Neutral” rating by UBS on Wednesday, January 11. The firm has “Market Perform” rating given on Monday, May 16 by Wood. The stock of Bank of America Corporation (NYSE:BAC) has “Overweight” rating given on Wednesday, December 21 by Atlantic Securities. On Friday, October 13 the stock rating was maintained by RBC Capital Markets with “Buy”.
Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It worsened, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Murphy Capital invested in 0.12% or 32,065 shares. Mycio Wealth Prtn Llc has 0.07% invested in Bank of America Corporation (NYSE:BAC) for 25,110 shares. E&G LP invested in 81,223 shares or 0.93% of the stock. Mufg Americas Holdg has invested 0.07% of its portfolio in Bank of America Corporation (NYSE:BAC). Lowe Brockenbrough & owns 17,681 shares or 0.07% of their US portfolio. Grantham Mayo Van Otterloo Comm Limited Co holds 8,900 shares or 0% of its portfolio. Pictet Asset Mgmt invested 0.38% of its portfolio in Bank of America Corporation (NYSE:BAC). Moreover, Pacific Alternative Asset Com has 0.18% invested in Bank of America Corporation (NYSE:BAC) for 64,224 shares. Bollard Grp Llc holds 0.21% or 156,705 shares in its portfolio. The California-based Covington Cap Mngmt has invested 0.5% in Bank of America Corporation (NYSE:BAC). 10 has 0.78% invested in Bank of America Corporation (NYSE:BAC). Texas-based Stanley Mngmt Limited Liability Co has invested 2.8% in Bank of America Corporation (NYSE:BAC). Macquarie Group Incorporated Limited invested in 0.08% or 1.71M shares. 9,710 were reported by Staley Cap Advisers. Oxbow Ltd Liability Com has 0.3% invested in Bank of America Corporation (NYSE:BAC) for 61,348 shares.
Among 17 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Fleetcor Technologies had 51 analyst reports since August 6, 2015 according to SRatingsIntel. Morgan Stanley maintained FleetCor Technologies, Inc. (NYSE:FLT) rating on Wednesday, October 18. Morgan Stanley has “Overweight” rating and $189 target. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Buy” rating by Citigroup on Thursday, November 2. Citigroup maintained the shares of FLT in report on Thursday, July 13 with “Buy” rating. The rating was maintained by Monness Crespi & Hardt with “Buy” on Wednesday, January 27. SunTrust initiated the stock with “Buy” rating in Friday, June 24 report. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Outperform” rating by Oppenheimer on Friday, August 5. The firm has “Outperform” rating given on Friday, November 18 by Wells Fargo. Morgan Stanley maintained FleetCor Technologies, Inc. (NYSE:FLT) on Thursday, November 2 with “Overweight” rating. The rating was maintained by SunTrust with “Buy” on Tuesday, October 24. Evercore upgraded the stock to “Buy” rating in Friday, March 18 report.
Lone Pine Capital Llc, which manages about $34.98 billion and $20.57 billion US Long portfolio, upped its stake in Transunion by 3.44 million shares to 12.35 million shares, valued at $583.46M in 2017Q3, according to the filing. It also increased its holding in Unitedhealth Group Inc (NYSE:UNH) by 2.70M shares in the quarter, for a total of 4.40M shares, and has risen its stake in Constellation Brands Inc (NYSE:STZ).
Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.36, from 0.91 in 2017Q2. It improved, as 26 investors sold FLT shares while 99 reduced holdings. 39 funds opened positions while 120 raised stakes. 83.71 million shares or 5.44% less from 88.52 million shares in 2017Q2 were reported. Pictet Asset Mngmt Limited accumulated 32,300 shares. Jefferies Gp Limited Liability Corp holds 0.02% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT) for 14,705 shares. Franklin accumulated 0.02% or 320,295 shares. Ohio-based Winfield has invested 0% in FleetCor Technologies, Inc. (NYSE:FLT). Kbc Group Incorporated Nv accumulated 20,926 shares. Bancorp Of Montreal Can invested in 59,726 shares. Tourbillon Capital Ptnrs Ltd Partnership reported 1.13M shares or 4.25% of all its holdings. Ls Invest Advsr Lc owns 0.01% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 1,571 shares. Group One Trading Limited Partnership owns 12,598 shares. Southpoint Capital Lp invested in 650,000 shares. 593,351 are owned by Waddell And Reed Financial. Thomas White Limited, Illinois-based fund reported 6,292 shares. Millennium Mgmt Lc owns 776,917 shares. British Columbia Inv Corporation reported 0.05% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Robeco Institutional Asset Bv reported 2,100 shares.
Analysts await FleetCor Technologies, Inc. (NYSE:FLT) to report earnings on February, 14. They expect $2.14 earnings per share, up 20.22% or $0.36 from last year’s $1.78 per share. FLT’s profit will be $192.08 million for 24.48 P/E if the $2.14 EPS becomes a reality. After $2.01 actual earnings per share reported by FleetCor Technologies, Inc. for the previous quarter, Wall Street now forecasts 6.47% EPS growth.
The post Lone Pine Capital Decreased Fleetcor Technologies (FLT) Position by $886.12 Million as Shares Declined; Carl Domino Has Increased Its Bank Amer (BAC) Position by $1.13 Million; Stock Price Declined appeared first on Stock Market News | HillCountryTimes | Get it Today.
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