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Graham Capital Management LP Lifted Lee Enterprises (LEE) Position by $733,200 as Stock Declined; First Republic Bank (FRC) Valuation Declined While Crow Point Partners Decreased Holding

Crow Point Partners Llc decreased its stake in First Republic Bank (FRC) by 71.33% based on its latest 2017Q3 regulatory filing with the SEC. Crow Point Partners Llc sold 3,732 shares as the company’s stock declined 5.64% while stock markets rallied. The institutional investor held 1,500 shares of the company at the end of 2017Q3, valued at $155,000, down from 5,232 at the end of the previous reported quarter. Crow Point Partners Llc who had been investing in First Republic Bank for a number of months, seems to be less bullish one the $14.65 billion market cap company. The stock increased 1.11% or $0.99 during the last trading session, reaching $90.57. About 1.65 million shares traded or 2.03% up from the average. First Republic Bank (NYSE:FRC) has risen 29.07% since February 13, 2017 and is uptrending. It has outperformed by 12.37% the S&P500.

Kenneth Tropin increased its stake in Lee Enterprises Inc (LEE) by 198.67% based on its latest 2017Q3 regulatory filing with the SEC. Graham Capital Management Lp bought 366,600 shares as the company’s stock declined 27.78% while stock markets rallied. The hedge fund run by Kenneth Tropin held 551,128 shares of the consumer services company at the end of 2017Q3, valued at $1.21M, up from 184,528 at the end of the previous reported quarter. Graham Capital Management Lp who had been investing in Lee Enterprises Inc for a number of months, seems to be bullish on the $131.29M market cap company. It closed at $2.3 lastly. It is up 2.01% since February 13, 2017 and is downtrending. It has underperformed by 18.71% the S&P500.

Graham Capital Management Lp, which manages about $16.17B and $4.76B US Long portfolio, decreased its stake in Tesla Inc (Put) (NASDAQ:TSLA) by 22,800 shares to 15,000 shares, valued at $5.12M in 2017Q3, according to the filing. It also reduced its holding in Select Sector Spdr Tr (XLF) by 421,778 shares in the quarter, leaving it with 2.31M shares, and cut its stake in Ishares Tr (IWM).

Crow Point Partners Llc, which manages about $937.00 million and $624.59M US Long portfolio, upped its stake in Spdr Gold Trust (GLD) by 2,821 shares to 3,521 shares, valued at $430,000 in 2017Q3, according to the filing. It also increased its holding in Facebook Inc. Class A (NASDAQ:FB) by 2,648 shares in the quarter, for a total of 3,585 shares, and has risen its stake in Alabama Power Company Non Cumulative Pfd Shs.

Among 18 analysts covering First Republic Bank (NYSE:FRC), 7 have Buy rating, 0 Sell and 11 Hold. Therefore 39% are positive. First Republic Bank had 77 analyst reports since October 6, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Wednesday, October 18 report. The firm earned “Hold” rating on Friday, October 13 by Piper Jaffray. The stock of First Republic Bank (NYSE:FRC) has “Equal-Weight” rating given on Wednesday, November 16 by Morgan Stanley. The stock has “Hold” rating by Keefe Bruyette & Woods on Friday, October 13. The firm has “Outperform” rating by Raymond James given on Wednesday, November 11. As per Friday, October 13, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating given on Friday, July 14 by RBC Capital Markets. The stock of First Republic Bank (NYSE:FRC) earned “Sector Perform” rating by RBC Capital Markets on Friday, March 10. BMO Capital Markets maintained it with “Hold” rating and $92.0 target in Friday, October 13 report. FBR Capital maintained First Republic Bank (NYSE:FRC) rating on Friday, July 15. FBR Capital has “Mkt Perform” rating and $73 target.

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