Harding Loevner LP Boosted Its Holding in First Rep Bk San Francisco C (FRC) by $148.42 Million as Stock Rose; Van Eck Associates Lifted Crossamerica Partners LP (CAPL) Stake by $720,860; Share Value Declined

Thursday, 31 May 2018

Harding Loevner LP Boosted Its Holding in First Rep Bk San Francisco C (FRC) by $148.42 Million as Stock Rose; Van Eck Associates Lifted Crossamerica Partners LP (CAPL) Stake by $720,860; Share Value Declined

First Republic Bank (NYSE:FRC) Logo

Harding Loevner Lp increased its stake in First Rep Bk San Francisco C (FRC) by 75% based on its latest 2018Q1 regulatory filing with the SEC. Harding Loevner Lp bought 1.61 million shares as the company’s stock rose 4.55% while stock markets declined. The hedge fund held 3.76 million shares of the company at the end of 2018Q1, valued at $348.61 million, up from 2.15M at the end of the previous reported quarter. Harding Loevner Lp who had been investing in First Rep Bk San Francisco C for a number of months, seems to be bullish on the $16.26B market cap company. The stock increased 2.32% or $2.28 during the last trading session, reaching $100.38. About 1.22M shares traded or 7.38% up from the average. First Republic Bank (NYSE:FRC) has risen 7.17% since May 31, 2017 and is uptrending. It has underperformed by 5.40% the S&P500.

Van Eck Associates Corp increased its stake in Crossamerica Partners Lp (CAPL) by 41.47% based on its latest 2018Q1 regulatory filing with the SEC. Van Eck Associates Corp bought 36,043 shares as the company’s stock declined 27.99% with the market. The institutional investor held 122,959 shares of the oil refining and marketing company at the end of 2018Q1, valued at $2.53 million, up from 86,916 at the end of the previous reported quarter. Van Eck Associates Corp who had been investing in Crossamerica Partners Lp for a number of months, seems to be bullish on the $589.58M market cap company. The stock decreased 1.04% or $0.18 during the last trading session, reaching $17.2. About 74,203 shares traded or 22.04% up from the average. CrossAmerica Partners LP (NYSE:CAPL) has declined 27.41% since May 31, 2017 and is downtrending. It has underperformed by 39.98% the S&P500.

More news for CrossAmerica Partners LP (NYSE:CAPL) were recently published by: Globenewswire.com, which released: “Consolidated Research: 2018 Summary Expectations for PGT, National Commerce, CrossAmerica Partners LP …” on May 24, 2018. Seekingalpha.com‘s article titled: “CrossAmerica Partners’ (CAPL) CEO Jeremy Bergeron on Q1 2018 Results – Earnings Call Transcript” and published on May 08, 2018 is yet another important article.

Van Eck Associates Corp, which manages about $30.53B and $20.12B US Long portfolio, decreased its stake in Ishares Russell 2000 Growth Etf (IWO) by 3,922 shares to 7,639 shares, valued at $1.46 million in 2018Q1, according to the filing. It also reduced its holding in Pennymac Mortgage Investment Trust (NYSE:PMT) by 39,216 shares in the quarter, leaving it with 269,401 shares, and cut its stake in Louisiana (NYSE:LPX).

Among 13 analysts covering CrossAmerica Partners (NYSE:CAPL), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. CrossAmerica Partners had 30 analyst reports since August 10, 2015 according to SRatingsIntel. RBC Capital Markets maintained CrossAmerica Partners LP (NYSE:CAPL) on Sunday, October 1 with “Hold” rating. The stock of CrossAmerica Partners LP (NYSE:CAPL) earned “Buy” rating by Jefferies on Tuesday, August 8. Wells Fargo downgraded the shares of CAPL in report on Monday, January 18 to “Market Perform” rating. RBC Capital Markets maintained it with “Hold” rating and $30.0 target in Sunday, August 27 report. The company was maintained on Tuesday, August 11 by Wunderlich. The stock of CrossAmerica Partners LP (NYSE:CAPL) has “Buy” rating given on Thursday, June 23 by Janney Capital. The stock of CrossAmerica Partners LP (NYSE:CAPL) earned “Outperform” rating by Oppenheimer on Monday, August 10. As per Friday, September 9, the company rating was initiated by FBR Capital. Robert W. Baird maintained it with “Buy” rating and $34.0 target in Tuesday, August 22 report. RBC Capital Markets maintained CrossAmerica Partners LP (NYSE:CAPL) on Monday, June 19 with “Hold” rating.

Among 19 analysts covering First Republic Bank (NYSE:FRC), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. First Republic Bank had 87 analyst reports since October 6, 2015 according to SRatingsIntel. Barclays Capital upgraded First Republic Bank (NYSE:FRC) on Tuesday, March 6 to “Overweight” rating. The stock of First Republic Bank (NYSE:FRC) earned “Hold” rating by BMO Capital Markets on Thursday, March 23. The firm has “Market Perform” rating given on Friday, October 14 by Wood. The rating was maintained by Maxim Group on Tuesday, January 17 with “Buy”. RBC Capital Markets maintained the stock with “Hold” rating in Friday, April 13 report. BMO Capital Markets maintained the shares of FRC in report on Friday, July 7 with “Hold” rating. The stock has “Outperform” rating by Raymond James on Monday, October 16. The stock of First Republic Bank (NYSE:FRC) has “Overweight” rating given on Friday, July 15 by JP Morgan. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, April 4. Jefferies maintained First Republic Bank (NYSE:FRC) on Friday, August 11 with “Buy” rating.

More news for First Republic Bank (NYSE:FRC) were recently published by: Bizjournals.com, which released: “Inside First Republic Bank’s culture of success” on May 17, 2018. Bizjournals.com‘s article titled: “Why First Republic Bank is chasing the wealthy in Wyoming” and published on May 07, 2018 is yet another important article.

CrossAmerica Partners LP (NYSE:CAPL) Ratings Chart