British Columbia Investment Management Has Decreased By $5.23 Million Its Bunge Limited (BG) Position, Shorts at 8point3 Energy Partners LP Class A (CAFD) Raised By 6.66%

June 19, 2017 - By wolcottdaily

8point3 Energy Partners LP Class A (NASDAQ:CAFD) had an increase of 6.66% in short interest. CAFD’s SI was 2.38M shares in June as released by FINRA. Its up 6.66% from 2.23M shares previously. With 311,000 avg volume, 8 days are for 8point3 Energy Partners LP Class A (NASDAQ:CAFD)’s short sellers to cover CAFD’s short positions. The SI to 8point3 Energy Partners LP Class A’s float is 8.98%. About 63,605 shares traded. 8Point3 Energy Partners LP (NASDAQ:CAFD) has declined 9.79% since June 19, 2016 and is downtrending. It has underperformed by 26.49% the S&P500.

British Columbia Investment Management Corp decreased Bunge Limited (BG) stake by 45.6% reported in 2016Q4 SEC filing. British Columbia Investment Management Corp sold 72,655 shares as Bunge Limited (BG)’s stock declined 10.41%. The British Columbia Investment Management Corp holds 86,681 shares with $6.26M value, down from 159,336 last quarter. Bunge Limited now has $10.84B valuation. The stock rose 0.84% or $0.65 reaching $77.59. About 447,026 shares traded. Bunge Ltd (NYSE:BG) has risen 14.04% since June 19, 2016 and is uptrending. It has underperformed by 2.66% the S&P500.

Among 7 analysts covering Bunge Limited (NYSE:BG), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Bunge Limited had 15 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Bunge Ltd (NYSE:BG) earned “Neutral” rating by JP Morgan on Friday, May 5. As per Friday, May 5, the company rating was maintained by Credit Suisse. The stock has “Hold” rating by Credit Suisse on Friday, May 26. The company was upgraded on Friday, February 12 by JP Morgan. JP Morgan downgraded the shares of BG in report on Thursday, April 6 to “Underweight” rating. Goldman Sachs downgraded Bunge Ltd (NYSE:BG) on Monday, March 20 to “Neutral” rating. The rating was upgraded by Credit Suisse to “Outperform” on Tuesday, September 29. The company was upgraded on Tuesday, August 2 by Bank of America. The rating was downgraded by TheStreet to “Hold” on Monday, August 3. The stock of Bunge Ltd (NYSE:BG) has “Buy” rating given on Friday, April 29 by Citigroup.

British Columbia Investment Management Corp increased Qualcomm Inc (NASDAQ:QCOM) stake by 87,273 shares to 672,918 valued at $43.87M in 2016Q4. It also upped Cf Inds Hldgs Inc (NYSE:CF) stake by 9,678 shares and now owns 96,941 shares. Equity Residential (NYSE:EQR) was raised too.

Investors sentiment increased to 1.14 in Q4 2016. Its up 0.17, from 0.97 in 2016Q3. It is positive, as 33 investors sold BG shares while 128 reduced holdings. 61 funds opened positions while 122 raised stakes. 109.06 million shares or 1.14% more from 107.83 million shares in 2016Q3 were reported. Cantab Capital Ptnrs Limited Liability Partnership reported 0% stake. Timber Hill Llc reported 0% of its portfolio in Bunge Ltd (NYSE:BG). Allianz Asset Management Ag holds 187,466 shares. Washington-based Washington Tru Retail Bank has invested 0% in Bunge Ltd (NYSE:BG). Dnb Asset Mngmt As owns 407,153 shares. Aberdeen Asset Mgmt Public Limited Uk has 43,764 shares for 0.01% of their portfolio. Blair William And Com Il has invested 0.01% in Bunge Ltd (NYSE:BG). Cubist Systematic Strategies Llc stated it has 0.02% of its portfolio in Bunge Ltd (NYSE:BG). Markel Corp reported 71,800 shares stake. Pictet Asset Limited has invested 0.09% of its portfolio in Bunge Ltd (NYSE:BG). Global Thematic Prns Lc has 0.07% invested in Bunge Ltd (NYSE:BG) for 27,383 shares. Bankshares Of Montreal Can stated it has 197,487 shares. Franklin Res has invested 0.22% in Bunge Ltd (NYSE:BG). Cwm Ltd Limited Liability Company holds 0% of its portfolio in Bunge Ltd (NYSE:BG) for 64 shares. Natixis Asset Mgmt, a France-based fund reported 3,238 shares.

Analysts await Bunge Ltd (NYSE:BG) to report earnings on July, 27. They expect $1.48 EPS, up 87.34% or $0.69 from last year’s $0.79 per share. BG’s profit will be $206.77M for 13.11 P/E if the $1.48 EPS becomes a reality. After $0.35 actual EPS reported by Bunge Ltd for the previous quarter, Wall Street now forecasts 322.86% EPS growth.

Since February 27, 2017, it had 0 insider purchases, and 4 sales for $1.75 million activity. Kabbes David sold $348,300 worth of stock or 4,300 shares. Schroder Soren sold $348,490 worth of stock.

8point3 Energy Partners LP owns, operates and acquires solar energy generation projects. The company has market cap of $1.10 billion. As of November 30, 2016, Company’s portfolio comprised interests in 642 Megawatt of solar energy projects. It has a 12.87 P/E ratio. The Firm is developing projects under utility, commercial and industrial (C&I) and residential categories.

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