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Icahn Carl C Stake in Freeport (FCX) Has Lowered by $202.06 Million; Holder Bridgeway Capital Management Lifted Amdocs LTD (DOX) Stake

Carl Icahn decreased its stake in Freeport (FCX) by 15.76% based on its latest 2017Q3 regulatory filing with the SEC. Icahn Carl C sold 14.43M shares as the company’s stock declined 21.33% while stock markets rallied. The hedge fund run by Carl Icahn held 77.16M shares of the basic industries company at the end of 2017Q3, valued at $1.08 billion, down from 91.59 million at the end of the previous reported quarter. Icahn Carl C who had been investing in Freeport for a number of months, seems to be less bullish one the $28.43 billion market cap company. The stock decreased 0.66% or $0.13 during the last trading session, reaching $19.64. About 3.91M shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 6.83% since January 18, 2017 and is uptrending. It has underperformed by 9.87% the S&P500.

Bridgeway Capital Management Inc increased its stake in Amdocs Ltd (DOX) by 21.03% based on its latest 2017Q3 regulatory filing with the SEC. Bridgeway Capital Management Inc bought 70,600 shares as the company’s stock rose 6.65% with the market. The institutional investor held 406,300 shares of the edp services company at the end of 2017Q3, valued at $26.13 million, up from 335,700 at the end of the previous reported quarter. Bridgeway Capital Management Inc who had been investing in Amdocs Ltd for a number of months, seems to be bullish on the $9.87 billion market cap company. The stock decreased 0.22% or $0.15 during the last trading session, reaching $68.57. About 102,302 shares traded. Amdocs Limited (NASDAQ:DOX) has risen 13.40% since January 18, 2017 and is uptrending. It has underperformed by 3.30% the S&P500.

Since August 21, 2017, it had 0 insider purchases, and 1 insider sale for $15,435 activity.

Investors sentiment is 1 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 57 investors sold FCX shares while 214 reduced holdings. only 91 funds opened positions while 181 raised stakes. 961.13 million shares or 0.14% less from 962.50 million shares in 2017Q2 were reported. Chevy Chase holds 0.12% or 1.92M shares. 26,200 are held by Hillsdale Invest Management. Grp Incorporated owns 401,174 shares. Financial Bank Of Nova Scotia Tru Company holds 3,775 shares or 0.01% of its portfolio. Centers Of America Inc owns 0.02% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 15,171 shares. Pekin Singer Strauss Asset Mgmt Il owns 0.04% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 15,750 shares. Wetherby Asset Mngmt Incorporated has 0.05% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 25,420 shares. Global X Management Ltd Co holds 0.08% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX) for 200,731 shares. Louisiana State Employees Retirement System has 0.06% invested in Freeport-McMoRan Inc. (NYSE:FCX). Teachers Retirement Of The State Of Kentucky holds 142,974 shares or 0.02% of its portfolio. Americafirst Mgmt Ltd Liability Com holds 0.23% or 12,110 shares. Hennessy Inc holds 242,700 shares or 0.11% of its portfolio. Savant Limited Liability Company reported 0.06% in Freeport-McMoRan Inc. (NYSE:FCX). Ledyard Bancorporation reported 0% in Freeport-McMoRan Inc. (NYSE:FCX). Sheets Smith Wealth Mgmt owns 58,500 shares.

Among 23 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 5 have Buy rating, 5 Sell and 13 Hold. Therefore 22% are positive. Freeport-McMoran Copper & Gold had 92 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Sell” rating by Deutsche Bank on Tuesday, October 17. The company was upgraded on Tuesday, September 1 by Zacks. UBS maintained it with “Buy” rating and $18 target in Thursday, December 1 report. The firm has “Sector Perform” rating given on Tuesday, October 27 by RBC Capital Markets. RBC Capital Markets maintained Freeport-McMoRan Inc. (NYSE:FCX) on Tuesday, August 11 with “Sector Perform” rating. The company was maintained on Wednesday, October 4 by Bank of America. The firm has “Buy” rating by Gabelli given on Friday, September 11. The company was maintained on Friday, July 24 by Cowen & Co. Deutsche Bank downgraded Freeport-McMoRan Inc. (NYSE:FCX) rating on Tuesday, February 21. Deutsche Bank has “Sell” rating and $12.50 target. RBC Capital Markets maintained Freeport-McMoRan Inc. (NYSE:FCX) rating on Sunday, July 30. RBC Capital Markets has “Hold” rating and $1400 target.

Analysts await Freeport-McMoRan Inc. (NYSE:FCX) to report earnings on January, 24. They expect $0.43 EPS, up 72.00% or $0.18 from last year’s $0.25 per share. FCX’s profit will be $622.47 million for 11.42 P/E if the $0.43 EPS becomes a reality. After $0.34 actual EPS reported by Freeport-McMoRan Inc. for the previous quarter, Wall Street now forecasts 26.47% EPS growth.

Among 7 analysts covering Amdocs (NASDAQ:DOX), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Amdocs had 18 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, November 9 by Robert W. Baird. The rating was maintained by Stifel Nicolaus on Thursday, September 14 with “Buy”. Bank of America upgraded Amdocs Limited (NASDAQ:DOX) on Thursday, January 28 to “Buy” rating. On Thursday, July 30 the stock rating was maintained by Stifel Nicolaus with “Buy”. The company was maintained on Friday, June 16 by Jefferies. The stock of Amdocs Limited (NASDAQ:DOX) has “Buy” rating given on Wednesday, July 27 by Citigroup. The firm earned “Buy” rating on Thursday, December 14 by Oppenheimer. On Thursday, August 3 the stock rating was maintained by Oppenheimer with “Buy”. The rating was maintained by Stifel Nicolaus on Thursday, August 3 with “Buy”. The stock of Amdocs Limited (NASDAQ:DOX) earned “Buy” rating by Oppenheimer on Thursday, November 9.

Bridgeway Capital Management Inc, which manages about $3.34B and $8.76B US Long portfolio, decreased its stake in Occidental Pete Corp Del (NYSE:OXY) by 10,030 shares to 1.02M shares, valued at $65.48 million in 2017Q3, according to the filing. It also reduced its holding in Coeur Mng Inc (NYSE:CDE) by 40,500 shares in the quarter, leaving it with 231,000 shares, and cut its stake in Ehealth Inc (NASDAQ:EHTH).

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