As United Cmnty Bks Blairsvle G (UCBI) Stock Price Rose, Fsi Group Lifted by $1.32 Million Its Position; Goldcorp (GG) Holder Scheer Rowlett & Associates Investment Management LTD Has Cut Its Position as Stock Rose

August 12, 2018 - By Matthew Richard

United Community Banks, Inc. (NASDAQ:UCBI) Logo

Fsi Group Llc increased its stake in United Cmnty Bks Blairsvle G (UCBI) by 32.6% based on its latest 2018Q1 regulatory filing with the SEC. Fsi Group Llc bought 42,465 shares as the company’s stock rose 3.12% while stock markets declined. The hedge fund held 172,723 shares of the finance company at the end of 2018Q1, valued at $5.47M, up from 130,258 at the end of the previous reported quarter. Fsi Group Llc who had been investing in United Cmnty Bks Blairsvle G for a number of months, seems to be bullish on the $2.43B market cap company. The stock decreased 0.29% or $0.09 during the last trading session, reaching $30.68. About 238,840 shares traded. United Community Banks, Inc. (NASDAQ:UCBI) has risen 22.96% since August 12, 2017 and is uptrending. It has outperformed by 10.39% the S&P500. Some Historical UCBI News: 11/05/2018 – United Community Banks, Inc. Announces Quarterly Cash Dividend Increase; 02/04/2018 – UNITED COMMUNITY BANKS CEO TALLENT WILL RETIRE JUNE 30; 02/04/2018 – United Community Banks CEO Jimmy Tallent to Retire Effective June 30; 24/04/2018 – United Community Banks 1Q Adj EPS 50c; 02/04/2018 – United Community Banks: Tallent Will Move Into New Role as Executive Chairman; 02/04/2018 – United Community Banks Names New CEO; Current CEO to Retire; 02/04/2018 – UNITED COMMUNITY BANKS INC UCBI.O SAYS LYNN HARTON APPOINTED CEO; 02/04/2018 – UNITED COMMUNITY BANKS INC – CHIEF EXECUTIVE OFFICER, JIMMY TALLENT, WILL RETIRE; 11/05/2018 – United Community Banks, Inc. Announces Qtrly Cash Div Increase; 24/04/2018 – United Community Banks 1Q EPS 47c

Scheer Rowlett & Associates Investment Management Ltd decreased its stake in Goldcorp Inc. (GG) by 23.2% based on its latest 2018Q1 regulatory filing with the SEC. Scheer Rowlett & Associates Investment Management Ltd sold 1.02 million shares as the company’s stock rose 9.94% while stock markets declined. The institutional investor held 3.36 million shares of the precious metals company at the end of 2018Q1, valued at $46.43 million, down from 4.38 million at the end of the previous reported quarter. Scheer Rowlett & Associates Investment Management Ltd who had been investing in Goldcorp Inc. for a number of months, seems to be less bullish one the $10.45 billion market cap company. The stock decreased 1.08% or $0.13 during the last trading session, reaching $11.91. About 4.18M shares traded. Goldcorp Inc. (NYSE:GG) has risen 3.69% since August 12, 2017 and is uptrending. It has underperformed by 8.88% the S&P500. Some Historical GG News: 25/04/2018 – GOLDCORP INC – PROGRAM TO IMPLEMENT $250 MLN OF SUSTAINABLE ANNUAL EFFICIENCIES BY MIDDLE OF 2018 IS ON TRACK; 24/05/2018 – Goldcorp Closes Above 50-Day Moving Average: Technicals; 25/04/2018 – GOLDCORP 1Q EPS 8C, EST. 10C; 26/04/2018 – Goldcorp Announces Voting Results from Annual Shareholders Meetings; 25/04/2018 – Goldcorp 1Q Net $67M; 26/04/2018 – Strategic investment by Goldcorp to create a new gold explorer in the Eeyou lstchee James Bay territory of Quebec with Canada Strategic Metals, Matamec Explorations and Sphinx Re; 22/03/2018 – S&PGR Revises Outlook On Goldcorp Inc. To Stable From Negative; 26/04/2018 – GOLDCORP CEO DAVID GAROFALO SPEAKS IN 1Q EARNINGS CALL; 25/04/2018 – GOLDCORP REAFFIRMS FORECAST FOR YEAR GOLD PRODUCTION; 15/05/2018 – Goldcorp Closes Below 50-Day Moving Average: Technicals

More recent United Community Banks, Inc. (NASDAQ:UCBI) news were published by: Nasdaq.com which released: “United Community Banks, Inc. Announces Quarterly Cash Dividend” on July 26, 2018. Also Globenewswire.com published the news titled: “United Community Banks, Inc. Announces Strong Second Quarter Results” on July 24, 2018. Seekingalpha.com‘s news article titled: “United Community Banks’ (UCBI) CEO Lynn Harton on Q2 2018 Results – Earnings Call Transcript” with publication date: July 25, 2018 was also an interesting one.

Investors sentiment increased to 1.73 in Q1 2018. Its up 0.63, from 1.1 in 2017Q4. It increased, as 17 investors sold UCBI shares while 47 reduced holdings. 41 funds opened positions while 70 raised stakes. 68.38 million shares or 7.36% more from 63.70 million shares in 2017Q4 were reported. Deutsche Bankshares Ag invested in 0.01% or 290,319 shares. Sg Americas Securities Ltd owns 4,840 shares. Regions Financial holds 0.01% or 14,270 shares in its portfolio. Systematic Financial Mngmt Limited Partnership reported 1.01M shares. New York-based Art Advsr Ltd Liability has invested 0.02% in United Community Banks, Inc. (NASDAQ:UCBI). Moreover, Price T Rowe Assocs Incorporated Md has 0% invested in United Community Banks, Inc. (NASDAQ:UCBI). Guggenheim Ltd Liability Com has 104,988 shares. California State Teachers Retirement holds 111,465 shares or 0.01% of its portfolio. Natl Bank Of Ny Mellon has invested 0.02% in United Community Banks, Inc. (NASDAQ:UCBI). 17,902 are held by Brinker Capital. 328,902 were accumulated by Hsbc Public Ltd Co. 7.07M are held by Vanguard Gru Inc. Phocas Corporation accumulated 446,651 shares or 1.27% of the stock. Rothschild Asset Incorporated has 0.15% invested in United Community Banks, Inc. (NASDAQ:UCBI). Fsi Grp Incorporated Lc accumulated 172,723 shares.

Among 9 analysts covering United Community Banks Inc (NASDAQ:UCBI), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. United Community Banks Inc had 20 analyst reports since January 21, 2016 according to SRatingsIntel. The stock of United Community Banks, Inc. (NASDAQ:UCBI) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Tuesday, November 29. The rating was maintained by Sandler O’Neill with “Buy” on Tuesday, January 9. Keefe Bruyette & Woods maintained the shares of UCBI in report on Friday, July 28 with “Hold” rating. The company was upgraded on Thursday, January 25 by Wood. On Thursday, January 25 the stock rating was upgraded by Keefe Bruyette & Woods to “Buy”. The firm has “Hold” rating given on Wednesday, January 24 by Stephens. Hovde Group downgraded United Community Banks, Inc. (NASDAQ:UCBI) on Thursday, October 27 to “Market Perform” rating. The rating was upgraded by Raymond James to “Strong Buy” on Thursday, October 6. Stephens maintained United Community Banks, Inc. (NASDAQ:UCBI) on Tuesday, June 27 with “Hold” rating. The stock of United Community Banks, Inc. (NASDAQ:UCBI) earned “Buy” rating by Sandler O’Neill on Thursday, January 25.

Fsi Group Llc, which manages about $3.71 billion and $106.87M US Long portfolio, decreased its stake in Huntington Bancshares Inc (NASDAQ:HBAN) by 23,955 shares to 551,670 shares, valued at $8.33M in 2018Q1, according to the filing. It also reduced its holding in Tcf Finl Corp (NYSE:TCB) by 239,574 shares in the quarter, leaving it with 17,904 shares, and cut its stake in Univest Corp Pa (NASDAQ:UVSP).

Analysts await Goldcorp Inc. (NYSE:GG) to report earnings on October, 24. They expect $0.06 EPS, down 33.33% or $0.03 from last year’s $0.09 per share. GG’s profit will be $52.63 million for 49.63 P/E if the $0.06 EPS becomes a reality. After $0.05 actual EPS reported by Goldcorp Inc. for the previous quarter, Wall Street now forecasts 20.00% EPS growth.

More recent Goldcorp Inc. (NYSE:GG) news were published by: Seekingalpha.com which released: “Goldcorp Second Quarter 2018 Results Analysis” on August 03, 2018. Also Seekingalpha.com published the news titled: “Weight Of Debt Supports Wait On Gold” on August 10, 2018. Seekingalpha.com‘s news article titled: “Goldcorp -4% after Q2 earnings, revenues miss estimates” with publication date: July 25, 2018 was also an interesting one.

Scheer Rowlett & Associates Investment Management Ltd, which manages about $1.57 billion US Long portfolio, upped its stake in Transcanada Corp. (NYSE:TRP) by 10,661 shares to 1.40 million shares, valued at $58.02M in 2018Q1, according to the filing. It also increased its holding in Bank Of Nova Scotia (NYSE:BNS) by 150,765 shares in the quarter, for a total of 1.56M shares, and has risen its stake in Canadian National Railway (NYSE:CNI).

Among 21 analysts covering Goldcorp Inc. (NYSE:GG), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. Goldcorp Inc. had 64 analyst reports since July 24, 2015 according to SRatingsIntel. Scotia Capital maintained the stock with “Outperform” rating in Friday, April 28 report. Deutsche Bank upgraded the shares of GG in report on Monday, October 3 to “Hold” rating. The stock has “Hold” rating by Jefferies on Tuesday, August 15. The rating was maintained by Jefferies on Tuesday, January 16 with “Hold”. On Friday, February 26 the stock rating was downgraded by TD Securities to “Hold”. The rating was upgraded by RBC Capital Markets to “Buy” on Wednesday, November 1. The firm has “Hold” rating given on Tuesday, July 18 by RBC Capital Markets. Jefferies maintained Goldcorp Inc. (NYSE:GG) rating on Friday, July 14. Jefferies has “Hold” rating and $1300 target. RBC Capital Markets maintained it with “Buy” rating and $17.0 target in Sunday, December 3 report. On Monday, September 14 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

United Community Banks, Inc. (NASDAQ:UCBI) Institutional Positions Chart

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