Kopernik Global Investors Llc Increased New Gold Cda (NYSEMKT:NGD) Stake by $10.08 Million; Glenview Capital Management Raised By $100.00 Million Its Fedex (FDX) Stake

May 18, 2018 - By Natalie Daughtry

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Kopernik Global Investors Llc increased New Gold Inc Cda (NYSEMKT:NGD) stake by 50.05% reported in 2018Q1 SEC filing. Kopernik Global Investors Llc acquired 5.04M shares as New Gold Inc Cda (NYSEMKT:NGD)’s stock declined 21.65%. The Kopernik Global Investors Llc holds 15.11M shares with $38.99M value, up from 10.07 million last quarter. New Gold Inc Cda now has $1.31 billion valuation. The stock increased 1.32% or $0.03 during the last trading session, reaching $2.3. About 2.95 million shares traded. New Gold Inc. (NYSEMKT:NGD) has declined 14.62% since May 18, 2017 and is downtrending. It has underperformed by 26.17% the S&P500.

Glenview Capital Management Llc increased Fedex Corp (FDX) stake by 314.93% reported in 2017Q4 SEC filing. Glenview Capital Management Llc acquired 401,606 shares as Fedex Corp (FDX)’s stock declined 6.15%. The Glenview Capital Management Llc holds 529,127 shares with $132.04 million value, up from 127,521 last quarter. Fedex Corp now has $66.39B valuation. The stock increased 0.54% or $1.34 during the last trading session, reaching $248.46. About 1.08M shares traded. FedEx Corporation (NYSE:FDX) has risen 25.45% since May 18, 2017 and is uptrending. It has outperformed by 13.90% the S&P500.

Among 4 analysts covering New Gold Inc. (NYSEMKT:NGD), 3 have Buy rating, 1 Sell and 0 Hold. Therefore 75% are positive. New Gold Inc. had 13 analyst reports since August 24, 2015 according to SRatingsIntel. The rating was upgraded by Mackie to “Hold” on Monday, August 31. IBC initiated the shares of NGD in report on Friday, October 9 with “Sector Performer” rating. The company was downgraded on Thursday, September 8 by Desjardins Securities. Credit Suisse downgraded the stock to “Underperform” rating in Tuesday, January 31 report. The stock of New Gold Inc. (NYSEAMERICAN:NGD) has “Hold” rating given on Friday, August 28 by Mackie. The stock of New Gold Inc. (NYSEAMERICAN:NGD) earned “Buy” rating by Desjardins Securities on Friday, September 16.

New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties. The company has market cap of $1.31 billion. It explores for gold, silver, and copper deposits. It currently has negative earnings. The company’s operating properties include the New Afton project located to the northeast of Vancouver in the south-central interior of British Columbia, Canada; the Mesquite mine located in Imperial County, California, the United States; the Peak mines located in New South Wales, Australia; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.

Kopernik Global Investors Llc is a Florida-based hedge fund that was founded by David Iben. It had more than $958.73 million assets under management in August, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Kopernik Global Investors latest Adv, the fund reported to have 32 full and part-time employees. Among which 12 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Among 37 analysts covering FedEx (NYSE:FDX), 26 have Buy rating, 1 Sell and 10 Hold. Therefore 70% are positive. FedEx had 117 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of FedEx Corporation (NYSE:FDX) has “Sell” rating given on Monday, September 7 by Zacks. The company was maintained on Wednesday, September 20 by Stifel Nicolaus. The firm has “Overweight” rating by JP Morgan given on Thursday, October 12. The stock of FedEx Corporation (NYSE:FDX) earned “Outperform” rating by Oppenheimer on Wednesday, September 21. The stock has “Outperform” rating by Raymond James on Monday, February 6. The rating was maintained by Nomura on Thursday, March 17 with “Neutral”. Zacks downgraded FedEx Corporation (NYSE:FDX) on Monday, August 24 to “Hold” rating. The firm earned “Buy” rating on Wednesday, June 21 by Stephens. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Thursday, December 14 by Credit Suisse. The rating was maintained by BMO Capital Markets on Wednesday, August 2 with “Buy”.

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.14, from 1.07 in 2017Q3. It is positive, as 45 investors sold FDX shares while 366 reduced holdings. 137 funds opened positions while 361 raised stakes. 193.75 million shares or 3.04% less from 199.84 million shares in 2017Q3 were reported. Prudential has 0.15% invested in FedEx Corporation (NYSE:FDX). Advisor Prtnrs Lc holds 0.26% in FedEx Corporation (NYSE:FDX) or 5,354 shares. The Nebraska-based First Bankshares Of Omaha has invested 0.51% in FedEx Corporation (NYSE:FDX). Pension Serv has 222,131 shares. Moneta Gru Advisors Lc reported 0% in FedEx Corporation (NYSE:FDX). Capstone Advsrs reported 1,076 shares stake. The Massachusetts-based Zevin Asset Management Limited Co has invested 0.17% in FedEx Corporation (NYSE:FDX). Ghp Invest Advsr holds 0.52% in FedEx Corporation (NYSE:FDX) or 14,638 shares. Gamble Jones Investment Counsel reported 0.09% of its portfolio in FedEx Corporation (NYSE:FDX). Franklin Street Advsrs Nc holds 0.07% or 1,775 shares. 232,900 are held by Lord Abbett & Limited Liability. Keybank Association Oh has 40,985 shares for 0.06% of their portfolio. Foster Dykema Cabot And Company Incorporated Ma has invested 0.04% in FedEx Corporation (NYSE:FDX). Blair William Il owns 0.11% invested in FedEx Corporation (NYSE:FDX) for 67,444 shares. Cohen Cap Incorporated accumulated 950 shares or 0.06% of the stock.

Glenview Capital Management Llc decreased Coca Cola European Partners stake by 241,218 shares to 2.92 million valued at $116.28 million in 2017Q4. It also reduced Liberty Global Plc (NASDAQ:LBTYA) stake by 882,000 shares and now owns 6.88 million shares. Abbvie Inc (NYSE:ABBV) was reduced too.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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