Highbridge Capital Management LLC Increased Its Bunge Limited (BG) Stake by $18.22 Million as Shares Declined

November 10, 2018 - By Ricky Cave

Bunge Limited (NYSE:BG) Corporate LogoDuring Q2 2018 the big money sentiment decreased to 0.9. That’s change of 0.25, from 2018Q1’s 1.15. 51 investors sold all, 114 reduced holdings as BG ratio fall. 102 grew positions while 47 funds acquired positions. Funds hold 108.80 million shares thus 0.40% more from 2018Q1’s 108.36 million shares. Moore Management Limited Partnership has 0.14% invested in Bunge Limited (NYSE:BG). Nomura has 0.01% invested in Bunge Limited (NYSE:BG) for 40,580 shs. Moreover, Shell Asset Company has 0.01% invested in Bunge Limited (NYSE:BG) for 8,530 shs. Moreover, Levin Strategies Ltd Partnership has 0.02% invested in Bunge Limited (NYSE:BG). First Natl Tru accumulated 0.11% or 13,903 shs. Dimensional Fund Advsr Lp invested in 0.05% or 1.71 million shs. 12,400 were accumulated by Meyer Handelman. Comerica Bancorp reported 0% in Bunge Limited (NYSE:BG). Dekabank Deutsche Girozentrale holds 0.08% or 168,608 shs in its capital. 15,909 are owned by Amalgamated Bancorporation. Stevens Mgmt LP owns 0.05% invested in Bunge Limited (NYSE:BG) for 19,197 shs. 1.22 million were accumulated by Marathon Asset Management Llp. Catalyst Capital Llc invested in 0.06% or 26,100 shs. Prudential Public Limited Co, a Illinois-based fund reported 1.41M shs. Moreover, Axa has 0% invested in Bunge Limited (NYSE:BG) for 7,524 shs.

BG had 1 insider sale and 0 insider purchases since June 4, 2018. This’s net activity of $289,777.

Highbridge Capital Management Llc rose its holdings by 176.08% in Bunge Limited (BG), according to 2018Q2 Securities and Exchange form. The company’s stock declined 10.40% while stock markets rallied as Highbridge Capital Management Llc bought 264,122 shares. The hedge fund is holding 414,122 shares, compared to the 150,000 from the previous quarter. And the announced value of the packaged foods company is $28.87M for the 2018Q2. $8.93B is Bunge Limited’s market cap. BG is touching $63.27 during the last trading session, after increased 1.26%.Bunge Limited has volume of 957,689 shares. Since November 10, 2017 BG has declined 10.96% and is downtrending. BG underperformed by 26.58% the S&P500.

According to a filing Highbridge Capital Management Llc reduced its stake in Qualcomm Inc (NASDAQ:QCOM) by 116,905 shares to 25,972 shares, valued at $1.46M in 2018Q2. The fund manages about $32.39 billion and $4.97 billion US Long portfolio. Highbridge Capital Management Llc has cut its stake in Arconic Inc (Call) and also reduced its holding in Equinix Inc (NASDAQ:EQIX) by 11,800 shares in the quarter, for a total of 20,042 shares.

There’s a substantial Bunge Limited (NYSE:BG) news brought out by Benzinga.com. It’s an item titled: “Insider Buys Of The Week: American Homes 4 Rent, Bunge, Platform Specialty Products” on November 10, 2018.

Bunge Limited (NYSE:BG) Ratings Coverage

In total 4 analysts cover Bunge Limited (NYSE:BG). “Buy” rating has 3, “Sell” are 0, while 1 are “Hold”. 75% are bullish. 6 are the (NYSE:BG)’s analyst reports since June 14, 2018 according to StockzIntelligence Inc. On Thursday, August 2 JP Morgan downgraded Bunge Limited (NYSE:BG) to “Neutral” rating. On Thursday, August 2 the firm has “Outperform” rating by Credit Suisse given. In Thursday, November 1 report Citigroup maintained it with “Buy” rating and $82 target. On Thursday, November 1 the stock has “Outperform” rating by BMO Capital Markets. The stock rating was upgraded by Credit Suisse to “Buy” on Thursday, June 14. In Thursday, August 2 report Citigroup maintained the stock with “Buy” rating.

Bunge Limited (NYSE:BG) Analyst Ratings Chart

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