Tyrus Capital Sam Has Upped Its Freeport (FCX) Holding by $33.75 Million

April 16, 2018 - By Richard Conner

Freeport-McMoRan Inc. (NYSE:FCX) LogoInvestors sentiment decreased to 0.92 in Q4 2017. Its down 0.08, from 1 in 2017Q3. It is 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. Stuyvesant Cap, New York-based fund reported 305,230 shares. Patten Grp Inc holds 11,000 shares. Moors & Cabot invested in 64,568 shares. Raymond James Na owns 29,337 shares. Meridian Invest Counsel owns 28,998 shares for 0.3% of their portfolio. Korea Corporation has invested 0.09% in Freeport-McMoRan Inc. (NYSE:FCX). Old West Invest Management Limited Liability Company reported 2.92% stake. Benjamin F Edwards Incorporated stated it has 0.02% in Freeport-McMoRan Inc. (NYSE:FCX). Grantham Mayo Van Otterloo & Ltd Liability stated it has 0.1% in Freeport-McMoRan Inc. (NYSE:FCX). Tcw Grp invested in 0.84% or 5.50M shares. Acg Wealth reported 162,702 shares stake. Regions, Alabama-based fund reported 48,793 shares. Apg Asset Mgmt Nv holds 164,300 shares or 0% of its portfolio. Stone Ridge Asset Mngmt Ltd Limited Liability Company owns 0.11% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 87,254 shares. Lenox Wealth holds 0.01% or 948 shares.

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

Tony Chedraoui increased its stake in Freeport (FCX) by 312.5% based on its latest 2017Q4 regulatory filing with the SEC. Tyrus Capital Sam bought 1.88 million shares as the company’s stock declined 4.75% with the market. The hedge fund run by Tony Chedraoui held 2.48 million shares of the basic industries company at the end of 2017Q4, valued at $46.93M, up from 600,000 at the end of the previous reported quarter. Tyrus Capital Sam who had been investing in Freeport for a number of months, seems to be bullish on the $26.15 billion market cap company. The stock increased 1.06% or $0.19 during the last trading session, reaching $18.06. About 4.27M shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 41.20% since April 16, 2017 and is uptrending. It has outperformed by 29.65% the S&P500.

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

Among 12 analysts covering Freeport-McMoRan (NYSE:FCX), 3 have Buy rating, 1 Sell and 8 Hold. Therefore 25% are positive. Freeport-McMoRan had 19 analyst reports since October 17, 2017 according to SRatingsIntel. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Neutral” rating by UBS on Monday, October 30. IBC downgraded the stock to “Neutral” rating in Monday, January 22 report. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Sell” rating by Deutsche Bank on Tuesday, October 17. RBC Capital Markets maintained Freeport-McMoRan Inc. (NYSE:FCX) rating on Tuesday, April 3. RBC Capital Markets has “Hold” rating and $2300 target. The company was maintained on Monday, December 18 by BMO Capital Markets. Stifel Nicolaus maintained Freeport-McMoRan Inc. (NYSE:FCX) rating on Tuesday, February 6. Stifel Nicolaus has “Hold” rating and $18.0 target. Jefferies maintained it with “Buy” rating and $2500 target in Monday, April 9 report. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Hold” rating by Morgan Stanley on Monday, December 11. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Neutral” rating by UBS on Tuesday, March 6. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Hold” rating by Scotia Capital on Monday, January 8.

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

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