Convergence Investment Partners Has Increased By $2.62 Million Its Fti Consulting (FCN) Position; Eastgroup Properties (EGP) Had 2 Bulls

September 13, 2017 - By Winifred Garcia

Among 13 analysts covering Eastgroup Properties Inc. (NYSE:EGP), 2 have Buy rating, 0 Sell and 11 Hold. Therefore 15% are positive. Eastgroup Properties Inc. had 19 analyst reports since August 20, 2015 according to SRatingsIntel. As per Friday, July 22, the company rating was downgraded by Stifel Nicolaus. Morgan Stanley initiated the stock with “Underweight” rating in Tuesday, September 6 report. The firm earned “Market Perform” rating on Monday, January 9 by Raymond James. Sandler O’Neill upgraded Eastgroup Properties Inc (NYSE:EGP) on Tuesday, September 5 to “Buy” rating. The stock of Eastgroup Properties Inc (NYSE:EGP) earned “Hold” rating by Evercore on Tuesday, September 8. Cantor Fitzgerald maintained Eastgroup Properties Inc (NYSE:EGP) on Tuesday, July 25 with “Hold” rating. The company was upgraded on Wednesday, April 12 by Morgan Stanley. The rating was downgraded by Citigroup to “Neutral” on Tuesday, December 13. The firm has “Hold” rating by Stifel Nicolaus given on Friday, July 14. The stock of Eastgroup Properties Inc (NYSE:EGP) earned “Buy” rating by Zacks on Friday, August 21. See Eastgroup Properties Inc (NYSE:EGP) latest ratings:

05/09/2017 Broker: Sandler O’Neill Rating: Buy New Target: $104.0 Upgrade
16/08/2017 Broker: Bank of America Rating: Hold New Target: $96.0 Upgrade
25/07/2017 Broker: Cantor Fitzgerald Rating: Hold New Target: $75.0000 Maintain
14/07/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $78.0000 Maintain
12/04/2017 Broker: Morgan Stanley Old Rating: Underweight New Rating: Equal-Weight New Target: $76.00 Upgrade
23/03/2017 Broker: BMO Capital Markets Rating: Hold New Target: $70.00 Maintain

Convergence Investment Partners Llc increased Fti Consulting Inc (FCN) stake by 994.12% reported in 2016Q4 SEC filing. Convergence Investment Partners Llc acquired 58,146 shares as Fti Consulting Inc (FCN)’s stock declined 16.78%. The Convergence Investment Partners Llc holds 63,995 shares with $2.89 million value, up from 5,849 last quarter. Fti Consulting Inc now has $1.36B valuation. The stock rose 0.06% or $0.02 reaching $34.32 per share. About 71,364 shares traded. FTI Consulting, Inc. (NYSE:FCN) has declined 13.23% since September 13, 2016 and is downtrending. It has underperformed by 29.93% the S&P500.

Investors sentiment decreased to 1.05 in 2016 Q4. Its down 0.20, from 1.25 in 2016Q3. It fall, as 18 investors sold FCN shares while 48 reduced holdings. 21 funds opened positions while 72 raised stakes. 39.06 million shares or 0.14% less from 39.11 million shares in 2016Q3 were reported. Tiaa Cref Invest Management Limited Com holds 0% or 140,481 shares in its portfolio. Rhumbline Advisers reported 85,552 shares stake. Manufacturers Life The stated it has 84,407 shares or 0.01% of all its holdings. Ameritas Inv reported 16,231 shares or 0.04% of all its holdings. King Luther has 232,575 shares. Eagle Boston Mngmt holds 0.18% of its portfolio in FTI Consulting, Inc. (NYSE:FCN) for 33,066 shares. National Bank & Trust Of Montreal Can invested 0% of its portfolio in FTI Consulting, Inc. (NYSE:FCN). Segall Bryant And Hamill Limited Liability Company holds 222,699 shares or 0.25% of its portfolio. Franklin Resource has 121,300 shares. Northern Tru holds 0.01% of its portfolio in FTI Consulting, Inc. (NYSE:FCN) for 900,353 shares. Deutsche Natl Bank Ag holds 202,450 shares or 0.01% of its portfolio. Panagora Asset Mgmt Incorporated stated it has 0.04% in FTI Consulting, Inc. (NYSE:FCN). Aristotle Capital Boston Limited Liability holds 0.13% in FTI Consulting, Inc. (NYSE:FCN) or 21,742 shares. Weaver C Barksdale And has invested 0.02% in FTI Consulting, Inc. (NYSE:FCN). Blackrock Group Inc Ltd stated it has 0% in FTI Consulting, Inc. (NYSE:FCN).

Among 6 analysts covering FTI Consulting (NYSE:FCN), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. FTI Consulting had 8 analyst reports since October 14, 2015 according to SRatingsIntel. The company was maintained on Friday, October 28 by Deutsche Bank. The firm earned “Mkt Perform” rating on Monday, October 31 by Avondale. The stock of FTI Consulting, Inc. (NYSE:FCN) has “Hold” rating given on Thursday, August 18 by Deutsche Bank. The firm has “Hold” rating by SunTrust given on Friday, January 6. The firm earned “Market Perform” rating on Friday, March 11 by William Blair. The rating was downgraded by Suntrust Robinson on Friday, January 6 to “Hold”.

Convergence Investment Partners Llc decreased Chevron Corp New (NYSE:CVX) stake by 30,145 shares to 28,421 valued at $3.35 million in 2016Q4. It also reduced Waddell & Reed Finl Inc (NYSE:WDR) stake by 26,349 shares and now owns 43,597 shares. Amgen Inc (NASDAQ:AMGN) was reduced too.

Since April 28, 2017, it had 1 insider buy, and 0 selling transactions for $1.04 million activity. Shares for $1.04 million were bought by Gunby Steven Henry on Friday, April 28.

About 61,439 shares traded. Eastgroup Properties Inc (NYSE:EGP) has risen 30.21% since September 13, 2016 and is uptrending. It has outperformed by 13.51% the S&P500.

Investors sentiment increased to 1.26 in Q4 2016. Its up 0.21, from 1.05 in 2016Q3. It improved, as 18 investors sold Eastgroup Properties Inc shares while 63 reduced holdings. 27 funds opened positions while 73 raised stakes. 29.28 million shares or 4.50% less from 30.66 million shares in 2016Q3 were reported. State Street reported 1.18 million shares. 16,950 were accumulated by Perkins Investment Mngmt Ltd Limited Liability Company. 2.96 million were reported by Price T Rowe Inc Md. Chilton Capital Lc accumulated 166,068 shares or 1.28% of the stock. Mutual Of America Cap Management Limited Liability Corp, a New York-based fund reported 600 shares. Swiss Comml Bank, a Switzerland-based fund reported 53,987 shares. Putnam Invests Ltd Com reported 9,316 shares. 25,117 were reported by Nationwide Fund Advisors. Teachers Retirement Of The State Of Kentucky reported 11,200 shares. Blackrock Japan Limited reported 1,035 shares or 0% of all its holdings. Pnc Financial Group Incorporated owns 677 shares or 0% of their US portfolio. Financial Bank Of Montreal Can accumulated 0% or 22,456 shares. California State Teachers Retirement Systems invested in 0.01% or 65,172 shares. Panagora Asset Management Inc invested 0.04% in Eastgroup Properties Inc (NYSE:EGP). Fca Tx has invested 0.11% in Eastgroup Properties Inc (NYSE:EGP).

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