As Fleetcor Technologies INC (FLT) Stock Price Declined, Bloom Tree Partners LLC Lifted Stake by $5.03 Million

January 20, 2018 - By Vivian Park

Investors sentiment increased to 1.27 in Q3 2017. Its up 0.36, from 0.91 in 2017Q2. It improved, as 26 investors sold FLT shares while 99 reduced holdings. 39 funds opened positions while 120 raised stakes. 83.71 million shares or 5.44% less from 88.52 million shares in 2017Q2 were reported. Qs Invsts Ltd Llc has 0% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 2,242 shares. 650,000 are owned by Southpoint Cap Advsrs Ltd Partnership. Boothbay Fund Mngmt Limited Liability Co owns 6,854 shares or 0.18% of their US portfolio. Gateway Investment Advisers Ltd Liability Corporation holds 0.06% or 43,346 shares in its portfolio. Alliancebernstein Lp holds 0.01% or 60,835 shares in its portfolio. Sumitomo Mitsui Tru Hldg Inc has invested 0.05% in FleetCor Technologies, Inc. (NYSE:FLT). Westpac Bk Corp holds 0.02% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT) for 5,484 shares. Highbridge Management Llc owns 0.01% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 3,605 shares. Assetmark Inc has invested 0% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Cornerstone Advisors Inc holds 34 shares. 39,870 are owned by Employees Retirement Of Ohio. Walleye Trading Limited Liability Co owns 37,227 shares for 0.03% of their portfolio. Calamos Lc reported 0.2% stake. Ls Investment Limited owns 1,571 shares. 50 are held by Hanson Mcclain.

Alok Agrawal increased its stake in Fleetcor Technologies Inc (FLT) by 10.14% based on its latest 2017Q3 regulatory filing with the SEC. Bloom Tree Partners Llc bought 32,650 shares as the company’s stock declined 18.44% while stock markets rallied. The hedge fund run by Alok Agrawal held 354,501 shares of the miscellaneous company at the end of 2017Q3, valued at $54.87M, up from 321,851 at the end of the previous reported quarter. Bloom Tree Partners Llc who had been investing in Fleetcor Technologies Inc for a number of months, seems to be bullish on the $18.51 billion market cap company. The stock increased 1.67% or $3.4 during the last trading session, reaching $206.65. About 457,218 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has declined 6.67% since January 20, 2017 and is downtrending. It has underperformed by 23.37% the S&P500.

Bloom Tree Partners Llc, which manages about $1.41 billion and $995.81M US Long portfolio, decreased its stake in Cbre Group Inc (Put) (NYSE:CBG) by 300,000 shares to 150,000 shares, valued at $5.68 million in 2017Q3, according to the filing. It also reduced its holding in Nxp Semiconductors N V (NASDAQ:NXPI) by 160,309 shares in the quarter, leaving it with 225,228 shares, and cut its stake in Quintiles Ims Holdings Inc (NYSE:Q).

FleetCor Technologies, Inc. (NYSE:FLT) Ratings Coverage

Among 17 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Fleetcor Technologies has $236.0 highest and $75 lowest target. $186.25’s average target is -9.87% below currents $206.65 stock price. Fleetcor Technologies had 50 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Buy” rating by Citigroup on Thursday, November 2. The firm earned “Buy” rating on Thursday, December 21 by Keefe Bruyette & Woods. The firm has “Overweight” rating given on Thursday, November 2 by Morgan Stanley. Raymond James upgraded the stock to “Strong Buy” rating in Tuesday, May 2 report. The stock has “Buy” rating by Citigroup on Thursday, July 13. The company was maintained on Wednesday, January 17 by Credit Suisse. Evercore downgraded the shares of FLT in report on Wednesday, September 30 to “Hold” rating. The firm earned “Overweight” rating on Thursday, November 2 by Barclays Capital. The firm has “Positive” rating given on Thursday, August 6 by Susquehanna. The firm earned “Buy” rating on Friday, June 24 by Suntrust Robinson.

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