Peak6 Investments LP Upped Barrick Gold (Put) (ABX) Stake By $5.91 Million; Preformed Line Products Company (PLPC) Shorts Up By 5.25%

September 17, 2017 - By Hazel Jackson

Peak6 Investments Lp increased Barrick Gold Corp (Put) (ABX) stake by 131.54% reported in 2016Q4 SEC filing. Peak6 Investments Lp acquired 394,100 shares as Barrick Gold Corp (Put) (ABX)’s stock declined 17.45%. The Peak6 Investments Lp holds 693,700 shares with $11.09M value, up from 299,600 last quarter. Barrick Gold Corp (Put) now has $20.15B valuation. The stock increased 0.93% or $0.16 on September 15, reaching $17.3. About 11.02 million shares traded or 14.91% up from the average. Barrick Gold Corp (USA) (NYSE:ABX) has declined 8.26% since September 17, 2016 and is downtrending. It has underperformed by 24.96% the S&P500.

Preformed Line Products Company (NASDAQ:PLPC) had an increase of 5.25% in short interest. PLPC’s SI was 42,100 shares in September as released by FINRA. Its up 5.25% from 40,000 shares previously. With 17,600 avg volume, 2 days are for Preformed Line Products Company (NASDAQ:PLPC)’s short sellers to cover PLPC’s short positions. The SI to Preformed Line Products Company’s float is 1.62%. The stock increased 2.55% or $1.43 on September 15, reaching $57.57. About 62,212 shares traded or 242.29% up from the average. Preformed Line Products Company (NASDAQ:PLPC) has risen 22.89% since September 17, 2016 and is uptrending. It has outperformed by 6.19% the S&P500.

Among 23 analysts covering Barrick Gold Corp. (NYSE:ABX), 11 have Buy rating, 0 Sell and 12 Hold. Therefore 48% are positive. Barrick Gold Corp. had 68 analyst reports since August 6, 2015 according to SRatingsIntel. Deutsche Bank maintained the shares of ABX in report on Friday, July 29 with “Hold” rating. Jefferies maintained the shares of ABX in report on Tuesday, June 20 with “Buy” rating. Jefferies upgraded Barrick Gold Corp (USA) (NYSE:ABX) on Thursday, July 14 to “Buy” rating. The firm has “Buy” rating by Argus Research given on Tuesday, March 15. TD Securities maintained the shares of ABX in report on Friday, June 23 with “Hold” rating. The rating was maintained by RBC Capital Markets on Thursday, May 25 with “Buy”. IBC initiated the stock with “Sector Perform” rating in Friday, July 24 report. The stock has “Outperform” rating by IBC on Monday, June 27. The rating was maintained by JP Morgan on Wednesday, August 12 with “Hold”. As per Monday, October 31, the company rating was upgraded by Mackie.

Peak6 Investments Lp decreased Sandstorm Gold Ltd (Call) (NYSEMKT:SAND) stake by 109,400 shares to 700 valued at $3,000 in 2016Q4. It also reduced Cliffs Nat Res Inc (Put) (NYSE:CLF) stake by 104,200 shares and now owns 165,800 shares. Mastec Inc (Call) (NYSE:MTZ) was reduced too.

Preformed Line Products Company is a designer and maker of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators and information industries. The company has market cap of $294.53 million. The Company’s products include Formed Wire and Related Hardware Products, Protective Closures, Plastic Products and Other Products. It has a 19.07 P/E ratio. The Firm operates through four divisions: PLP-USA (including corporate), The Americas (includes activities in North and South America without PLP-USA), EMEA (Europe, Middle East and Africa) and Asia-Pacific.

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