Cantillon Capital Management Has Decreased Baidu (BIDU) Stake By $28.78 Million; Shorts at 8point3 Energy Partners LP – Class A Shares (CAFD) Lowered By 1.92%

April 17, 2018 - By Peter Erickson

Baidu, Inc. (NASDAQ:BIDU) Logo

8point3 Energy Partners LP – Class A Shares (NASDAQ:CAFD) had a decrease of 1.92% in short interest. CAFD’s SI was 327,200 shares in April as released by FINRA. Its down 1.92% from 333,600 shares previously. With 289,700 avg volume, 1 days are for 8point3 Energy Partners LP – Class A Shares (NASDAQ:CAFD)’s short sellers to cover CAFD’s short positions. The SI to 8point3 Energy Partners LP – Class A Shares’s float is 1.27%. It closed at $12 lastly. It is down 10.57% since April 17, 2017 and is downtrending. It has underperformed by 22.12% the S&P500.

Cantillon Capital Management Llc decreased Baidu Inc (BIDU) stake by 6.67% reported in 2017Q4 SEC filing. Cantillon Capital Management Llc sold 122,994 shares as Baidu Inc (BIDU)’s stock declined 3.38%. The Cantillon Capital Management Llc holds 1.72M shares with $402.90 million value, down from 1.84 million last quarter. Baidu Inc now has $80.91B valuation. The stock increased 1.09% or $2.5 during the last trading session, reaching $232.4. About 556,453 shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 36.72% since April 17, 2017 and is uptrending. It has outperformed by 25.17% the S&P500.

Among 17 analysts covering 8point3 Energy Partners LP (NASDAQ:CAFD), 2 have Buy rating, 4 Sell and 11 Hold. Therefore 12% are positive. 8point3 Energy Partners LP had 47 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Hold” rating by Oppenheimer given on Thursday, June 29. UBS downgraded the stock to “Sell” rating in Thursday, March 10 report. The company was initiated on Wednesday, October 14 by Oppenheimer. On Monday, July 11 the stock rating was upgraded by JP Morgan to “Overweight”. As per Thursday, June 2, the company rating was initiated by Wells Fargo. Barclays Capital initiated 8point3 Energy Partners LP (NASDAQ:CAFD) on Tuesday, September 1 with “Equal Weight” rating. The stock has “Neutral” rating by Guggenheim on Thursday, June 15. The rating was downgraded by Avondale on Friday, January 27 to “Mkt Underperform”. The stock of 8point3 Energy Partners LP (NASDAQ:CAFD) has “Neutral” rating given on Thursday, October 5 by Bank of America. The stock of 8point3 Energy Partners LP (NASDAQ:CAFD) has “Hold” rating given on Monday, July 10 by FBR Capital.

8point3 Energy Partners LP, together with its subsidiaries, acquires, owns, and operates solar energy generation projects in the United States. The company has market cap of $949.12 million. As of November 30, 2016, it owned interests in nine utility-scale solar energy projects; and four commercial and industrial solar energy projects, as well as a portfolio of residential distributed generation solar assets with a total capacity of 642 megawatts. 8point3 General Partner, LLC serves as the general partner of the company. It has a 29.56 P/E ratio.

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on April, 26. They expect $1.31 EPS, up 98.48% or $0.65 from last year’s $0.66 per share. BIDU’s profit will be $456.09 million for 44.35 P/E if the $1.31 EPS becomes a reality. After $1.90 actual EPS reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -31.05% negative EPS growth.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 10 have Buy rating, 3 Sell and 11 Hold. Therefore 42% are positive. Baidu had 65 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, May 12 by Jefferies. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Tuesday, July 28 report. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Neutral” rating by Citigroup on Monday, June 13. Jefferies downgraded the shares of BIDU in report on Tuesday, January 23 to “Hold” rating. On Wednesday, May 11 the stock rating was maintained by Morgan Stanley with “Overweight”. The rating was maintained by Jefferies on Friday, October 20 with “Buy”. The firm has “Equal-Weight” rating given on Monday, October 30 by Barclays Capital. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, April 16. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Neutral” rating by Credit Suisse on Friday, October 28. On Thursday, February 15 the stock rating was upgraded by Morgan Stanley to “Overweight”.

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