New York State Teachers Retirement System Boosted Position in Freeport (FCX) by $2.72 Million as Share Price Declined; Pitney Bowes (PBI) Stock Declined While Wilen Investment Management Has Lowered Stake

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New York State Teachers Retirement System increased its stake in Freeport (FCX) by 7.45% based on its latest 2017Q4 regulatory filing with the SEC. New York State Teachers Retirement System bought 151,045 shares as the company’s stock declined 4.75% with the market. The institutional investor held 2.18 million shares of the basic industries company at the end of 2017Q4, valued at $41.30M, up from 2.03 million at the end of the previous reported quarter. New York State Teachers Retirement System who had been investing in Freeport for a number of months, seems to be bullish on the $22.18 billion market cap company. The stock decreased 1.98% or $0.31 during the last trading session, reaching $15.32. About 16.20M shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 41.20% since April 29, 2017 and is uptrending. It has outperformed by 29.65% the S&P500.

Wilen Investment Management Corp decreased its stake in Pitney Bowes (PBI) by 35.36% based on its latest 2017Q4 regulatory filing with the SEC. Wilen Investment Management Corp sold 39,700 shares as the company’s stock declined 3.70% with the market. The institutional investor held 72,561 shares of the office equipment and supplies and services company at the end of 2017Q4, valued at $798,000, down from 112,261 at the end of the previous reported quarter. Wilen Investment Management Corp who had been investing in Pitney Bowes for a number of months, seems to be less bullish one the $2.03 billion market cap company. The stock increased 1.50% or $0.16 during the last trading session, reaching $10.84. About 1.57 million shares traded. Pitney Bowes Inc. (NYSE:PBI) has declined 12.71% since April 29, 2017 and is downtrending. It has underperformed by 24.26% the S&P500.

Investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.08, from 1 in 2017Q3. It turned negative, as 77 investors sold FCX shares while 205 reduced holdings. 78 funds opened positions while 182 raised stakes. 989.88 million shares or 2.99% more from 961.13 million shares in 2017Q3 were reported. Bnp Paribas Asset Mngmt Holdg Sa stated it has 28,448 shares or 0% of all its holdings. Nuveen Asset Management Ltd Co, a Illinois-based fund reported 122,072 shares. 32,140 were reported by Ntv Asset Management Llc. First Quadrant Lp Ca reported 45,166 shares. Symphony Asset Limited Liability stated it has 0.03% in Freeport-McMoRan Inc. (NYSE:FCX). Aviva Public Limited Com holds 0.08% in Freeport-McMoRan Inc. (NYSE:FCX) or 755,286 shares. Argent Tru Co invested in 0.2% or 38,492 shares. The New York-based Rafferty Asset Mgmt Limited Liability Co has invested 0.01% in Freeport-McMoRan Inc. (NYSE:FCX). Freestone Capital Limited Company stated it has 0.05% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Atria Lc holds 0.02% or 20,578 shares. Mitsubishi Ufj Trust And Bk Corporation holds 0.09% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX) for 2.88M shares. Indexiq Advsr Llc holds 208,466 shares or 0.15% of its portfolio. Da Davidson Com invested in 0.08% or 207,547 shares. Teachers Retirement Of The State Of Kentucky holds 0.03% or 142,974 shares in its portfolio. Gsa Ptnrs Ltd Liability Partnership has 0.02% invested in Freeport-McMoRan Inc. (NYSE:FCX).

New York State Teachers Retirement System, which manages about $42.23B US Long portfolio, decreased its stake in Applied Materials (NASDAQ:AMAT) by 11,300 shares to 1.85M shares, valued at $94.33 million in 2017Q4, according to the filing. It also reduced its holding in Wolverine World Wide Inc (NYSE:WWW) by 9,786 shares in the quarter, leaving it with 261,938 shares, and cut its stake in United Continental Holdings Inc Com (NYSE:UAL).

Since January 31, 2018, it had 0 insider purchases, and 1 insider sale for $419,125 activity.

Among 24 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 5 have Buy rating, 5 Sell and 14 Hold. Therefore 21% are positive. Freeport-McMoran Copper & Gold had 105 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, May 2 by Deutsche Bank. Cowen & Co maintained it with “Outperform” rating and $15 target in Monday, May 16 report. The stock has “Hold” rating by RBC Capital Markets on Sunday, July 30. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Hold” rating by Argus Research on Wednesday, February 3. Cowen & Co maintained it with “Outperform” rating and $20 target in Friday, July 24 report. The rating was maintained by Cowen & Co on Monday, November 21 with “Outperform”. On Monday, October 5 the stock rating was downgraded by Deutsche Bank to “Hold”. The company was downgraded on Tuesday, September 1 by Citigroup. Goldman Sachs initiated the shares of FCX in report on Thursday, May 19 with “Neutral” rating. The rating was maintained by Deutsche Bank on Monday, August 31 with “Buy”.

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. The firm earned “Hold” rating on Thursday, November 2 by Loop Capital. The rating was initiated by Loop Capital Markets on Friday, July 28 with “Hold”. The stock has “Sell” rating by Zacks on Tuesday, September 1. On Wednesday, August 2 the stock rating was upgraded by Sidoti to “Buy”. Zacks downgraded Pitney Bowes Inc. (NYSE:PBI) on Monday, September 7 to “Sell” rating. As per Monday, May 15, the company rating was downgraded by Sidoti. Brean Capital maintained it with “Buy” rating and $30 target in Thursday, September 17 report.

Investors sentiment increased to 1.17 in Q4 2017. Its up 0.15, from 1.02 in 2017Q3. It increased, as 37 investors sold PBI shares while 85 reduced holdings. 57 funds opened positions while 86 raised stakes. 137.03 million shares or 0.71% more from 136.06 million shares in 2017Q3 were reported. Berson & Corrado Investment Advsrs Ltd Liability Com holds 0.18% in Pitney Bowes Inc. (NYSE:PBI) or 27,240 shares. Ledyard Bank invested in 0% or 1,790 shares. Clark Estates New York accumulated 0.39% or 210,300 shares. Mason Street Advisors Ltd Limited Liability Company holds 91,995 shares. Virtu Fincl Ltd owns 12,113 shares for 0.01% of their portfolio. Vanguard Grp Inc, Pennsylvania-based fund reported 16.12 million shares. 159,323 were reported by Mutual Of America Cap Mgmt Ltd Liability Company. 18,559 are owned by Ifrah Fin. Moreover, Dekabank Deutsche Girozentrale has 0% invested in Pitney Bowes Inc. (NYSE:PBI). Finance reported 0% of its portfolio in Pitney Bowes Inc. (NYSE:PBI). Gotham Asset Mngmt Ltd Llc has invested 0.02% of its portfolio in Pitney Bowes Inc. (NYSE:PBI). Tarbox Family Office reported 0% in Pitney Bowes Inc. (NYSE:PBI). Loews stated it has 0% of its portfolio in Pitney Bowes Inc. (NYSE:PBI). Brown Advisory Inc holds 33,988 shares or 0% of its portfolio. Fincl Bank Of New York Mellon owns 5.25 million shares.

Pitney Bowes Inc. (NYSE:PBI) Institutional Positions Chart