Masters Capital Management LLC Decreased Its Freeport (FCX) Stake

Freeport-McMoRan Inc. (NYSE:FCX) Corporate LogoBig Money Sentiment increased to 1.08 in Q2 2018. It has change of 0.01, from 2018Q1’s 1.07. The ratio increased due to FCX positioning: 63 sold and 198 reduced. 72 funds amassed positions and 211 increased positions. Investors holded 1.00 billion in 2018Q1 but now own 1.01 billion shares or 1.14% more. State Of Tennessee Treasury Department holds 0.03% in Freeport-McMoRan Inc. (NYSE:FCX) or 323,323 shs. Hall Laurie J Trustee holds 1,280 shs. Earnest Ltd Liability holds 0% of its capital in Freeport-McMoRan Inc. (NYSE:FCX) for 822 shs. Norinchukin Comml Bank The invested 0.04% in Freeport-McMoRan Inc. (NYSE:FCX). Arrowstreet Cap Partnership has 0% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 30,908 shs. Parametric Portfolio Assoc Limited Com holds 4.05 million shs or 0.07% of its capital. Ntv Asset Mngmt Limited holds 0.18% or 36,148 shs in its capital. Diligent Investors Lc reported 18,471 shs. Arizona State Retirement Systems invested in 663,853 shs. Atria Lc holds 12,352 shs or 0.01% of its capital. Bailard invested in 0.2% or 193,477 shs. New York State Teachers Retirement, New York-based fund reported 2.14 million shs. Central Secs stated it has 150,000 shs. 3,737 were accumulated by Guardian Life Of America. Bluemountain Mgmt Lc accumulated 0.05% or 157,287 shs.

The stake In Freeport (FCX) was decreased owned by Masters Capital Management Llc. According to 2018Q2 SEC filling the reduction is 8.76%. The company’s stock declined 23.47% while stock markets rallied as Masters Capital Management Llc sold 182,010 shares. The basic industries company at the end of 2018Q2 was valued at $32.71 million. It’s down from 2.08M at the end of the previous reported quarter. Now it had 1.89 million shares held by the hedge fund . $16.45B is Freeport’s market cap. FCX is hitting $11.35 during the last trading session, after decreased 4.86%.Freeport-McMoRan Inc. has 21.44M shares volume, 8.80% up from normal. FCX is downtrending and has moved 4.69% since November 10, 2017. FCX underperformed the S&P 500 by 20.31%.

Masters Capital Management Llc increased its stake in American Airls Group Inc (NASDAQ:AAL) by 448,975 shares to 948,975 shares, valued at $36.02 million in 2018Q2, according to the filing. It manages about $652.61M and $3.55 billion US Long portfolio. For a total of 1.06M shares it increased its holding in Brighthouse Finl Inc by 488,975 shares in the quarter, and has risen its stake in Cleveland Cliffs Inc.

More recent Freeport-McMoRan Inc. (NYSE:FCX) news were announced by Seekingalpha.com, Fool.com and Seekingalpha.com. The first one has “Indonesia’s Inalum sells $4B of bonds to fund Grasberg deal with Freeport” as a title and was announced on November 08, 2018. The next is “Can Freeport-McMoRan Inc. Recover From This Bear Mauling?” on October 28, 2018. And last was announced on October 24, 2018, called “Freeport-McMoRan: First Look At Q3 Earnings”.

Freeport-McMoRan Inc. (NYSE:FCX) Ratings Coverage

In total 8 analysts cover Freeport-McMoRan (NYSE:FCX). “Buy” rating has 1, “Sell” are 3, while 4 are “Hold”. 13% are bullish. 10 are the (NYSE:FCX)’s analyst reports since May 23, 2018 according to StockzIntelligence Inc. On Thursday, August 2 the stock has “Neutral” rating by Bank of America. On Thursday, July 26 the firm earned “Hold” rating by Deutsche Bank. On Thursday, October 25 the firm earned “Buy” rating by FBR Capital. On Wednesday, November 7 the firm has “Underperform” rating by RBC Capital Markets given. On Wednesday, May 23 the stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Sell” rating by Berenberg. In Friday, June 29 report Morgan Stanley maintained the stock with “Equal-Weight” rating. On Wednesday, October 17 Citigroup maintained Freeport-McMoRan Inc. (NYSE:FCX) rating. Citigroup has “Neutral” rating and $14 target. On Wednesday, May 23 the firm has “Buy” rating by FBR Capital given. On Wednesday, September 19 the rating was maintained by FBR Capital with “Buy”.

Freeport-McMoRan Inc. (NYSE:FCX) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.