Sunrun (RUN) Forms $6.17 Double Top; Highbridge Capital Management Has Trimmed First Bancorp P R (FBP) Holding By $502,380

November 15, 2017 - By Michael Collier

Highbridge Capital Management Llc decreased First Bancorp P R (FBP) stake by 84.45% reported in 2017Q2 SEC filing. Highbridge Capital Management Llc sold 100,476 shares as First Bancorp P R (FBP)’s stock declined 17.25%. The Highbridge Capital Management Llc holds 18,499 shares with $107,000 value, down from 118,975 last quarter. First Bancorp P R now has $1.03B valuation. The stock increased 0.96% or $0.05 during the last trading session, reaching $4.75. About shares traded. First Bancorp (NYSE:FBP) has risen 32.84% since November 15, 2016 and is uptrending. It has outperformed by 16.14% the S&P500.

Sunrun Inc (RUN) formed double top with $6.54 target or 6.00% above today’s $6.17 share price. Sunrun Inc (RUN) has $658.87 million valuation. The stock increased 1.65% or $0.1 during the last trading session, reaching $6.17. About shares traded. Sunrun Inc (NASDAQ:RUN) has declined 16.94% since November 15, 2016 and is downtrending. It has underperformed by 33.64% the S&P500.

Analysts await Sunrun Inc (NASDAQ:RUN) to report earnings on March, 14. They expect $0.08 earnings per share, down 70.37% or $0.19 from last year’s $0.27 per share. RUN’s profit will be $8.54M for 19.28 P/E if the $0.08 EPS becomes a reality. After $0.25 actual earnings per share reported by Sunrun Inc for the previous quarter, Wall Street now forecasts -68.00% negative EPS growth.

Among 10 analysts covering Sunrun Inc (NASDAQ:RUN), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Sunrun Inc had 28 analyst reports since August 31, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, November 9 by Bank of America. KeyBanc Capital Markets initiated the stock with “” rating in Wednesday, October 21 report. The firm has “Buy” rating by Goldman Sachs given on Tuesday, June 20. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, January 5. The rating was initiated by JMP Securities with “Mkt Outperform” on Thursday, September 8. On Wednesday, March 22 the stock rating was upgraded by UBS to “Buy”. The firm earned “Outperform” rating on Monday, August 31 by Credit Suisse. The stock of Sunrun Inc (NASDAQ:RUN) has “Outperform” rating given on Thursday, November 3 by Credit Suisse. Barclays Capital initiated it with “Overweight” rating and $12 target in Friday, January 22 report. Goldman Sachs initiated the shares of RUN in report on Monday, August 31 with “Buy” rating.

Investors sentiment decreased to 1.63 in Q2 2017. Its down 0.11, from 1.74 in 2017Q1. It turned negative, as 23 investors sold FBP shares while 37 reduced holdings. 27 funds opened positions while 71 raised stakes. 196.07 million shares or 6.75% more from 183.66 million shares in 2017Q1 were reported. Us Retail Bank De holds 0% of its portfolio in First Bancorp (NYSE:FBP) for 3,487 shares. Bridgeway Capital Incorporated holds 1.39 million shares. Los Angeles Mgmt And Equity stated it has 196,676 shares or 0.01% of all its holdings. 915,000 were accumulated by Hennessy Advsr. Jpmorgan Chase Comm has 0.01% invested in First Bancorp (NYSE:FBP). 111,436 were reported by State Teachers Retirement System. Tci Wealth Advsr holds 0% in First Bancorp (NYSE:FBP) or 292 shares. California Public Employees Retirement Systems owns 798,400 shares. Ubs Asset Americas has invested 0% in First Bancorp (NYSE:FBP). Credit Suisse Ag has 0% invested in First Bancorp (NYSE:FBP). The Massachusetts-based Lee Thomas H Prtnrs Lp has invested 3.24% in First Bancorp (NYSE:FBP). 18,499 are held by Highbridge Mgmt Ltd Liability Corporation. First Advsr LP has invested 0% in First Bancorp (NYSE:FBP). Moreover, Capstone Invest Limited Liability Com has 0% invested in First Bancorp (NYSE:FBP) for 18,545 shares. Shell Asset Mngmt Commerce owns 129,506 shares for 0.02% of their portfolio.

Analysts await First Bancorp (NYSE:FBP) to report earnings on January, 25. They expect $0.09 EPS, down 18.18% or $0.02 from last year’s $0.11 per share. FBP’s profit will be $19.52 million for 13.19 P/E if the $0.09 EPS becomes a reality. After $0.13 actual EPS reported by First Bancorp for the previous quarter, Wall Street now forecasts -30.77% negative EPS growth.

Among 6 analysts covering First Bancorp (NYSE:FBP), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. First Bancorp had 9 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of First Bancorp (NYSE:FBP) earned “Overweight” rating by Piper Jaffray on Friday, April 8. Keefe Bruyette & Woods maintained it with “Outperform” rating and $6.50 target in Wednesday, October 14 report. The firm earned “Buy” rating on Friday, October 6 by Piper Jaffray. The firm earned “Buy” rating on Friday, November 10 by Keefe Bruyette & Woods. Guggenheim upgraded First Bancorp (NYSE:FBP) on Monday, July 27 to “Buy” rating. Keefe Bruyette & Woods maintained it with “Buy” rating and $7.5 target in Wednesday, October 4 report. The rating was initiated by Citigroup with “Neutral” on Wednesday, February 8. The stock of First Bancorp (NYSE:FBP) has “Neutral” rating given on Wednesday, November 8 by Bank of America.

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.

By1 Michael Collier




Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: