Waverton Investment Management LTD Has Lowered Its Facebook Com (FB) Position; 1 Bullish Analysts Covering Fred's, Inc. (FRED)

February 15, 2018 - By Peter Erickson

Among 6 analysts covering Fred’s (NASDAQ:FRED), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. Fred’s had 16 analyst reports since August 7, 2015 according to SRatingsIntel. Deutsche Bank maintained Fred's, Inc. (NASDAQ:FRED) rating on Wednesday, November 2. Deutsche Bank has “Hold” rating and $9 target. The rating was maintained by M Partners with “Neutral” on Wednesday, November 25. The firm has “Sell” rating given on Wednesday, August 31 by Deutsche Bank. As per Wednesday, August 31, the company rating was downgraded by Stephens. The firm has “Hold” rating given on Monday, October 16 by SunTrust. The rating was downgraded by Sidoti on Tuesday, December 20 to “Neutral”. The firm earned “Buy” rating on Tuesday, February 7 by Sidoti. As per Monday, August 31, the company rating was maintained by M Partners. Deutsche Bank upgraded Fred's, Inc. (NASDAQ:FRED) on Monday, October 3 to “Hold” rating. The company was initiated on Thursday, August 24 by Loop Capital Markets. See Fred's, Inc. (NASDAQ:FRED) latest ratings:

16/10/2017 Broker: SunTrust Rating: Hold New Target: $7.0 Maintain
24/08/2017 Broker: Loop Capital Markets Rating: Hold New Target: $6.0 Initiate

Waverton Investment Management Ltd decreased Facebook Inc Com (FB) stake by 33.67% reported in 2017Q3 SEC filing. Waverton Investment Management Ltd sold 23,413 shares as Facebook Inc Com (FB)’s stock rose 10.88%. The Waverton Investment Management Ltd holds 46,120 shares with $7.88 million value, down from 69,533 last quarter. Facebook Inc Com now has $521.51 billion valuation. The stock increased 3.68% or $6.37 during the last trading session, reaching $179.52. About 28.93 million shares traded or 34.83% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since February 15, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.25, from 1.4 in 2017Q2. It dropped, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Crescent Park Mngmt Limited Partnership stated it has 6.98% of its portfolio in Facebook, Inc. (NASDAQ:FB). Leavell Investment Mngmt holds 0.23% or 11,071 shares in its portfolio. Triangle Secs Wealth Mngmt accumulated 1,441 shares. Ibm Retirement Fund holds 2% or 57,963 shares in its portfolio. Sg Americas Secs Limited Liability Corporation holds 81,616 shares or 0.12% of its portfolio. Lodge Hill Cap Lc stated it has 130,000 shares or 1.68% of all its holdings. Greenbrier Prtnrs Mgmt Limited Liability Corporation, Texas-based fund reported 580,000 shares. Bryn Mawr has 6,121 shares for 0.06% of their portfolio. Exchange Mngmt holds 244 shares. Finance Advisory has 3,019 shares for 0.14% of their portfolio. Lone Pine Lc owns 5.03 million shares for 4.18% of their portfolio. Cap Mngmt Associates Ny owns 2,527 shares. Schnieders Cap Mngmt Limited Liability Com holds 14,646 shares or 1.09% of its portfolio. Texan Cap Mngmt reported 1.66% of its portfolio in Facebook, Inc. (NASDAQ:FB). Pictet Asset Mgmt Limited holds 1.86 million shares.

Among 54 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 236 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Goldman Sachs on Thursday, July 30. The firm earned “Buy” rating on Tuesday, September 8 by Moffett Nathanson. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, January 31 report. On Thursday, November 2 the stock rating was maintained by Deutsche Bank with “Buy”. As per Thursday, November 2, the company rating was maintained by Needham. On Thursday, October 15 the stock rating was upgraded by Argus Research to “Buy”. The firm earned “Buy” rating on Friday, October 27 by Monness Crespi & Hardt. The firm earned “Buy” rating on Thursday, November 30 by Robert W. Baird. Credit Suisse maintained the shares of FB in report on Friday, October 9 with “Outperform” rating. The firm earned “Overweight” rating on Thursday, February 1 by Morgan Stanley.

Waverton Investment Management Ltd increased Korea Electric Power Corporation Adr Spon Each Rep 0.5 Com (KEF) stake by 60,019 shares to 616,846 valued at $10.34M in 2017Q3. It also upped Becton Dickinson Com Us$1 (NYSE:BDX) stake by 45,797 shares and now owns 396,612 shares. Honeywell International Inc Com Us$1.00 (NYSE:HON) was raised too.

Since August 14, 2017, it had 0 buys, and 33 selling transactions for $395.73 million activity. Another trade for 16,000 shares valued at $2.73M was sold by Cox Christopher K. $128,365 worth of Facebook, Inc. (NASDAQ:FB) was sold by Stretch Colin on Tuesday, August 15. Another trade for 38,058 shares valued at $6.53M was sold by Schroepfer Michael Todd. Shares for $502.59 million were sold by Koum Jan on Tuesday, August 15. The insider FISCHER DAVID B. sold $2.75 million. The insider Zuckerberg Mark sold 117,829 shares worth $21.25 million. Wehner David M. sold 15,470 shares worth $2.59M.

Fred's, Inc., together with its subsidiaries, sells general merchandise through its retail discount stores and full service pharmacies. The company has market cap of $113.54 million. The company, through its stores, offers household cleaning supplies, health products, beauty and personal care products, disposable diapers, pet foods, paper products, various food and beverage products, and pharmaceuticals to low, middle, and fixed income families in small- to medium- sized towns. It currently has negative earnings. It also sells general merchandise to franchised Fred's stores.

The stock increased 1.37% or $0.04 during the last trading session, reaching $2.97. About 382,907 shares traded. Fred's, Inc. (NASDAQ:FRED) has risen 3.21% since February 15, 2017 and is uptrending. It has underperformed by 13.49% the S&P500.

Investors sentiment increased to 1.56 in 2017 Q3. Its up 0.60, from 0.96 in 2017Q2. It is positive, as 12 investors sold Fred's, Inc. shares while 29 reduced holdings. 31 funds opened positions while 33 raised stakes. 34.64 million shares or 7.29% less from 37.37 million shares in 2017Q2 were reported. 103,362 were reported by Invesco. Texas Permanent School Fund holds 0% of its portfolio in Fred's, Inc. (NASDAQ:FRED) for 26,100 shares. First Mercantile accumulated 19,156 shares or 0.02% of the stock. Dimensional Fund Advsr Ltd Partnership accumulated 2.38M shares or 0.01% of the stock. Sei holds 105,619 shares or 0% of its portfolio. Quantbot Technologies L P holds 0.01% of its portfolio in Fred's, Inc. (NASDAQ:FRED) for 16,496 shares. Covington Capital invested 0% of its portfolio in Fred's, Inc. (NASDAQ:FRED). Commonwealth Of Pennsylvania School Empls Retrmt stated it has 1.20 million shares. Sg Americas Secs Limited Liability Co has 0% invested in Fred's, Inc. (NASDAQ:FRED) for 41,204 shares. Natl Bank Of Ny Mellon reported 527,379 shares. Moreover, Great West Life Assurance Can has 0% invested in Fred's, Inc. (NASDAQ:FRED). Citigroup Incorporated accumulated 142 shares. 92,874 were accumulated by Tiaa Cref Invest Mgmt Llc. Rhumbline Advisers has invested 0% of its portfolio in Fred's, Inc. (NASDAQ:FRED). Prudential Fincl holds 0% or 58,450 shares.

Since December 13, 2017, it had 1 buying transaction, and 0 insider sales for $334,900 activity. Another trade for 85,000 shares valued at $334,900 was bought by BARTON TIMOTHY A.

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By1 Peter Erickson

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