Flowering Tree Investment Management Pte LTD Cut Melco Resort Entertainment L (MPEL) Holding by $8.73 Million; As First Republic Bank/Ca (FRC) Market Valuation Rose, Holder Paradigm Asset Management Co Trimmed Holding

August 12, 2018 - By Pearl Odom

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Flowering Tree Investment Management Pte Ltd decreased its stake in Melco Resort Entertainment L (MPEL) by 16.43% based on its latest 2018Q1 regulatory filing with the SEC. Flowering Tree Investment Management Pte Ltd sold 311,960 shares as the company’s stock 0.00% . The institutional investor held 1.59 million shares of the hotels and resorts company at the end of 2018Q1, valued at $45.97 million, down from 1.90 million at the end of the previous reported quarter. Flowering Tree Investment Management Pte Ltd who had been investing in Melco Resort Entertainment L for a number of months, seems to be less bullish one the $ market cap company. The stock increased 0.42% or $0.08 during the last trading session, reaching $18.97. It is down 0.00% since August 12, 2017 and is . It has underperformed by 12.57% the S&P500.

Paradigm Asset Management Co Llc decreased its stake in First Republic Bank/Ca (FRC) by 3.15% based on its latest 2018Q1 regulatory filing with the SEC. Paradigm Asset Management Co Llc sold 200 shares as the company’s stock rose 4.55% while stock markets declined. The institutional investor held 6,150 shares of the company at the end of 2018Q1, valued at $569.55 million, down from 6,350 at the end of the previous reported quarter. Paradigm Asset Management Co Llc who had been investing in First Republic Bank/Ca for a number of months, seems to be less bullish one the $16.37 billion market cap company. The stock decreased 0.42% or $0.42 during the last trading session, reaching $100.66. About 871,532 shares traded. First Republic Bank (NYSE:FRC) has risen 7.17% since August 12, 2017 and is uptrending. It has underperformed by 5.40% the S&P500.

Flowering Tree Investment Management Pte Ltd, which manages about $185.48 million US Long portfolio, upped its stake in Vipshop Hldgs Ltd (NYSE:VIPS) by 211,440 shares to 2.59M shares, valued at $43.05 million in 2018Q1, according to the filing.

Among 15 analysts covering Melco Crown Entertainment (NASDAQ:MPEL), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. Melco Crown Entertainment had 23 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was upgraded by Nomura on Wednesday, January 25 to “Neutral”. The stock of Melco Crown Entertainment Limit (NASDAQ:MPEL) earned “Outperform” rating by Credit Suisse on Monday, October 12. JP Morgan upgraded Melco Crown Entertainment Limit (NASDAQ:MPEL) on Monday, October 5 to “Neutral” rating. HSBC downgraded Melco Crown Entertainment Limit (NASDAQ:MPEL) on Wednesday, April 20 to “Hold” rating. The stock of Melco Crown Entertainment Limit (NASDAQ:MPEL) has “Buy” rating given on Wednesday, December 9 by Gabelli. The rating was upgraded by Credit Suisse to “Outperform” on Monday, November 21. As per Tuesday, October 6, the company rating was upgraded by Deutsche Bank. The company was maintained on Tuesday, August 18 by Goldman Sachs. The firm has “Neutral” rating by Buckingham Research given on Thursday, August 11. The company was upgraded on Monday, October 12 by HSBC.

Among 21 analysts covering First Republic Bank (NYSE:FRC), 10 have Buy rating, 0 Sell and 11 Hold. Therefore 48% are positive. First Republic Bank had 91 analyst reports since October 6, 2015 according to SRatingsIntel. The firm has “Hold” rating by Piper Jaffray given on Friday, October 13. RBC Capital Markets maintained First Republic Bank (NYSE:FRC) rating on Friday, March 10. RBC Capital Markets has “Sector Perform” rating and $98 target. The rating was maintained by BMO Capital Markets on Friday, July 7 with “Hold”. The company was maintained on Wednesday, September 27 by RBC Capital Markets. Jefferies maintained the stock with “Buy” rating in Monday, April 3 report. The stock has “Hold” rating by BMO Capital Markets on Friday, October 13. The rating was maintained by Jefferies on Friday, August 11 with “Buy”. As per Friday, April 13, the company rating was maintained by Sandler O’Neill. On Tuesday, October 24 the stock rating was maintained by RBC Capital Markets with “Hold”. The company was maintained on Tuesday, January 17 by FBR Capital.

Analysts await First Republic Bank (NYSE:FRC) to report earnings on October, 12. They expect $1.21 earnings per share, up 6.14% or $0.07 from last year’s $1.14 per share. FRC’s profit will be $196.79 million for 20.80 P/E if the $1.21 EPS becomes a reality. After $1.20 actual earnings per share reported by First Republic Bank for the previous quarter, Wall Street now forecasts 0.83% EPS growth.

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