First Community (FCCO) Reaches $22.70 Formed H&S; Meritage Homes (MTH) Has 1.39 Sentiment

April 17, 2018 - By Richard Conner

Meritage Homes Corporation (NYSE:MTH) Logo

First Community Corporation (FCCO) formed H&S with $21.34 target or 6.00% below today’s $22.70 share price. First Community Corporation (FCCO) has $172.59 million valuation. The stock decreased 0.22% or $0.05 during the last trading session, reaching $22.7. About 14,507 shares traded or 7.94% up from the average. First Community Corporation (NASDAQ:FCCO) has risen 3.33% since April 17, 2017 and is uptrending. It has underperformed by 8.22% the S&P500.

Meritage Homes Corp (MTH) investors sentiment increased to 1.39 in 2017 Q4. It’s up 0.14, from 1.25 in 2017Q3. The ratio is better, as 86 investment managers started new or increased holdings, while 62 reduced and sold their equity positions in Meritage Homes Corp. The investment managers in our database reported: 37.83 million shares, down from 40.81 million shares in 2017Q3. Also, the number of investment managers holding Meritage Homes Corp in top ten holdings was flat from 0 to 0 for the same number . Sold All: 16 Reduced: 46 Increased: 48 New Position: 38.

Since February 13, 2018, it had 0 insider buys, and 2 selling transactions for $85,880 activity. EASTER ANITA B sold $21,080 worth of stock or 770 shares. $64,800 worth of First Community Corporation (NASDAQ:FCCO) shares were sold by BOGAN RICHARD K.

Investors sentiment increased to 3 in 2017 Q4. Its up 2.17, from 0.83 in 2017Q3. It increased, as 2 investors sold First Community Corporation shares while 5 reduced holdings. 10 funds opened positions while 11 raised stakes. 3.02 million shares or 2.75% less from 3.10 million shares in 2017Q3 were reported. Wells Fargo And Mn accumulated 13,809 shares or 0% of the stock. Banc Funds Limited Liability Company holds 0.31% or 290,798 shares in its portfolio. Comml Bank Of Ny Mellon owns 10,631 shares for 0% of their portfolio. Greenwood Assocs Limited Liability reported 15,375 shares. Pinnacle Holdg Ltd Limited Liability Company reported 61,490 shares. Moreover, Barclays Plc has 0% invested in First Community Corporation (NASDAQ:FCCO). Rbf Cap Ltd stated it has 70,000 shares or 0.17% of all its holdings. Dimensional Fund Advsr Lp reported 14,260 shares. Salzhauer Michael owns 0.12% invested in First Community Corporation (NASDAQ:FCCO) for 13,500 shares. 22,633 were accumulated by Stifel Fincl. Maltese Ltd Liability Co has invested 0.26% of its portfolio in First Community Corporation (NASDAQ:FCCO). Vanguard Gru invested in 85,275 shares. Renaissance Tech Ltd Liability Co reported 15,400 shares. Millennium Mngmt Ltd Liability, New York-based fund reported 10,823 shares. Rmb Llc reported 0.23% in First Community Corporation (NASDAQ:FCCO).

Analysts await First Community Corporation (NASDAQ:FCCO) to report earnings on April, 18. They expect $0.31 earnings per share, up 19.23% or $0.05 from last year’s $0.26 per share. FCCO’s profit will be $2.36M for 18.31 P/E if the $0.31 EPS becomes a reality. After $0.28 actual earnings per share reported by First Community Corporation for the previous quarter, Wall Street now forecasts 10.71% EPS growth.

Among 2 analysts covering First Community (NASDAQ:FCCO), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. First Community has $21 highest and $20 lowest target. $21’s average target is -7.49% below currents $22.7 stock price. First Community had 3 analyst reports since January 7, 2016 according to SRatingsIntel. The stock has “Mkt Perform” rating by Raymond James on Thursday, January 7. The rating was upgraded by Hovde Group on Thursday, January 19 to “Outperform”. The rating was initiated by Hovde Group with “Market Perform” on Wednesday, December 14.

Analysts await Meritage Homes Corporation (NYSE:MTH) to report earnings on April, 25 after the close. They expect $0.74 EPS, up 32.14% or $0.18 from last year’s $0.56 per share. MTH’s profit will be $30.07 million for 15.30 P/E if the $0.74 EPS becomes a reality. After $1.34 actual EPS reported by Meritage Homes Corporation for the previous quarter, Wall Street now forecasts -44.78% negative EPS growth.

The stock increased 1.12% or $0.5 during the last trading session, reaching $45.3. About 196,718 shares traded. Meritage Homes Corporation (MTH) has risen 26.14% since April 17, 2017 and is uptrending. It has outperformed by 14.59% the S&P500.

Since January 1, 0001, it had 0 buys, and 8 sales for $1.80 million activity.

Ratings analysis reveals 0 of Meritage’s analysts are positive. Out of 2 Wall Street analysts rating Meritage, 0 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. MTH was included in 2 notes of analysts from September 29, 2016. The rating was initiated by Barclays Capital on Friday, January 6 with “Underweight”. The rating was initiated by Wells Fargo with “Market Perform” on Thursday, September 29.

Earnest Partners Llc holds 1.02% of its portfolio in Meritage Homes Corporation for 2.08 million shares. Echo Street Capital Management Llc owns 651,027 shares or 1.01% of their US portfolio. Moreover, Emerald Advisers Inc Pa has 1% invested in the company for 506,502 shares. The Pennsylvania-based Emerald Mutual Fund Advisers Trust has invested 0.83% in the stock. South Dakota Investment Council, a South Dakota-based fund reported 708,663 shares.

First Community Corporation (NASDAQ:FCCO) Institutional Positions Chart

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By1 Richard Conner

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