Alan Fournier increased its stake in Fleetcor Technologies Inc (FLT) by 0.4% based on its latest 2017Q3 regulatory filing with the SEC. Pennant Capital Management Llc bought 2,104 shares as the company’s stock declined 18.44% while stock markets rallied. The hedge fund run by Alan Fournier held 528,918 shares of the miscellaneous company at the end of 2017Q3, valued at $81.86M, up from 526,814 at the end of the previous reported quarter. Pennant Capital Management Llc who had been investing in Fleetcor Technologies Inc for a number of months, seems to be bullish on the $17.96 billion market cap company. The stock decreased 0.69% or $1.39 during the last trading session, reaching $199.93. About 510,022 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has declined 6.67% since March 1, 2017 and is downtrending. It has underperformed by 23.37% the S&P500.
Employees Retirement System Of Texas increased its stake in Ligand Pharmaceuticals Inc (LGND) by 74.38% based on its latest 2017Q3 regulatory filing with the SEC. Employees Retirement System Of Texas bought 9,000 shares as the company’s stock rose 7.66% with the market. The institutional investor held 21,100 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $2.87M, up from 12,100 at the end of the previous reported quarter. Employees Retirement System Of Texas who had been investing in Ligand Pharmaceuticals Inc for a number of months, seems to be bullish on the $3.21B market cap company. The stock increased 0.32% or $0.49 during the last trading session, reaching $151.89. About 261,312 shares traded or 5.08% up from the average. Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) has declined 2.87% since March 1, 2017 and is downtrending. It has underperformed by 19.57% the S&P500.
Among 17 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Fleetcor Technologies has $247.0 highest and $75 lowest target. $193’s average target is -3.47% below currents $199.93 stock price. Fleetcor Technologies had 54 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Hold” rating by Credit Suisse on Wednesday, January 17. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Outperform” rating by Oppenheimer on Friday, August 5. The rating was upgraded by Evercore on Friday, March 18 to “Buy”. The stock has “Positive” rating by Susquehanna on Thursday, August 6. The rating was maintained by Citigroup on Thursday, July 13 with “Buy”. The rating was maintained by Morgan Stanley on Thursday, November 2 with “Overweight”. JP Morgan maintained the stock with “Overweight” rating in Friday, May 5 report. The rating was initiated by Citigroup on Thursday, December 15 with “Buy”. JP Morgan maintained the stock with “Neutral” rating in Friday, August 14 report. Jefferies maintained FleetCor Technologies, Inc. (NYSE:FLT) rating on Wednesday, October 11. Jefferies has “Buy” rating and $197.0 target.
Pennant Capital Management Llc, which manages about $10.20B and $1.63 billion US Long portfolio, decreased its stake in Cognizant Technology Solutio (NASDAQ:CTSH) by 224,787 shares to 850,313 shares, valued at $61.68M in 2017Q3, according to the filing. It also reduced its holding in Antero Midstream Gp Lp by 62,900 shares in the quarter, leaving it with 1.77M shares, and cut its stake in Michaels Cos Inc (NASDAQ:MIK).
Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.36, from 0.91 in 2017Q2. It is positive, 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. Canada Pension Plan Investment Board invested in 25,013 shares or 0.01% of the stock. Alyeska Gp Lp invested in 293,103 shares. Nuveen Asset Limited Company holds 98,208 shares. Steadfast Cap Mgmt Ltd Partnership has 5.37% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 2.24M shares. M&T Commercial Bank Corporation reported 33,198 shares or 0.03% of all its holdings. Moreover, Asset Mngmt One Limited has 0.05% invested in FleetCor Technologies, Inc. (NYSE:FLT). Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.03% in FleetCor Technologies, Inc. (NYSE:FLT). Bank & Trust Of Ny Mellon invested 0.02% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Principal Finance Group Inc stated it has 11,921 shares. Cipher Lp has 0.05% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 4,020 shares. 206,500 are held by State Common Retirement Fund. Cornercap Investment Counsel Inc has invested 0.68% in FleetCor Technologies, Inc. (NYSE:FLT). Credit Suisse Ag owns 164,334 shares or 0.02% of their US portfolio. Shell Asset reported 0.03% in FleetCor Technologies, Inc. (NYSE:FLT). Violich Cap Mgmt Inc has invested 0.18% in FleetCor Technologies, Inc. (NYSE:FLT).
Since September 5, 2017, it had 0 buys, and 6 sales for $10.58 million activity. On Wednesday, January 10 the insider KOZARICH JOHN W sold $362,500. Sabba Stephen L had sold 925 shares worth $126,956.
Among 6 analysts covering Ligand Pharmaceuticals (NASDAQ:LGND), 5 have Buy rating, 1 Sell and 0 Hold. Therefore 83% are positive. Ligand Pharmaceuticals has $190.0 highest and $103 lowest target. $155’s average target is 2.05% above currents $151.89 stock price. Ligand Pharmaceuticals had 26 analyst reports since September 3, 2015 according to SRatingsIntel. H.C. Wainwright maintained Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) rating on Thursday, November 9. H.C. Wainwright has “Buy” rating and $159 target. H.C. Wainwright reinitiated it with “Buy” rating and $150 target in Tuesday, September 5 report. The firm earned “Hold” rating on Tuesday, August 8 by Deutsche Bank. The stock has “Buy” rating by Roth Capital on Monday, September 21. The firm has “Buy” rating given on Thursday, February 22 by Stephens. As per Wednesday, April 13, the company rating was initiated by Stephens. As per Monday, July 17, the company rating was maintained by Deutsche Bank. The firm has “Buy” rating by TH Capital given on Friday, December 18. Roth Capital maintained the stock with “Buy” rating in Thursday, September 3 report. Roth Capital maintained Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) rating on Friday, December 18. Roth Capital has “Buy” rating and $146 target.
The post Fleetcor Technologies (FLT) Shareholder Pennant Capital Management Increased Its Stake by $324,016 as Stock Declined; Employees Retirement System Of Texas Has Lifted Ligand Pharmaceuticals (LGND) Stake appeared first on Stock Market News | HillCountryTimes | Get it Today.
from
https://www.hillcountrytimes.com/2018/03/01/fleetcor-technologies-flt-shareholder-pennant-capital-management-increased-its-stake-by-324016-as-stock-declined-employees-retirement-system-of-texas-has-lifted-ligand-pharmaceuticals-lgnd-stak/
No comments:
Post a Comment