First Solar, Inc. (FSLR) Forms $68.25 Double Top; Spears Abacus Advisors Upped Citigroup (C) Stake

May 26, 2018 - By David King

Citigroup Inc. (NYSE:C) Logo

First Solar, Inc. (FSLR) formed double top with $72.35 target or 6.00% above today’s $68.25 share price. First Solar, Inc. (FSLR) has $7.15B valuation. The stock decreased 0.18% or $0.12 during the last trading session, reaching $68.25. About 810,324 shares traded. First Solar, Inc. (NASDAQ:FSLR) has risen 153.31% since May 26, 2017 and is uptrending. It has outperformed by 141.76% the S&P500.

Spears Abacus Advisors Llc increased Citigroup Inc (C) stake by 2.49% reported in 2017Q4 SEC filing. Spears Abacus Advisors Llc acquired 11,025 shares as Citigroup Inc (C)’s stock declined 9.55%. The Spears Abacus Advisors Llc holds 453,322 shares with $33.73M value, up from 442,297 last quarter. Citigroup Inc now has $174.52B valuation. The stock decreased 1.26% or $0.87 during the last trading session, reaching $68.44. About 16.01M shares traded. Citigroup Inc. (NYSE:C) has risen 17.06% since May 26, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

More notable recent Citigroup Inc. (NYSE:C) news were published by: Livetradingnews.com which released: “Citigroup Inc. (NYSE:C) Heffx Trading Review” on May 21, 2018, also Seekingalpha.com with their article: “Why ValueAct Pounced On Citigroup” published on May 14, 2018, 247Wallst.com published: “Major Banks See Rising Tide of Short Interest” on May 25, 2018. More interesting news about Citigroup Inc. (NYSE:C) were released by: Seekingalpha.com and their article: “Citigroup: Buy Now” published on May 01, 2018 as well as Livetradingnews.com‘s news article titled: “Citigroup Inc. (NYSE:C) Heffx Technical Analysis” with publication date: May 17, 2018.

Among 41 analysts covering Citigroup Inc. (NYSE:C), 24 have Buy rating, 2 Sell and 15 Hold. Therefore 59% are positive. Citigroup Inc. had 126 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, January 16 the stock rating was maintained by Jefferies with “Hold”. The firm has “Hold” rating given on Monday, October 9 by Stifel Nicolaus. The firm earned “Buy” rating on Wednesday, June 7 by Keefe Bruyette & Woods. BMO Capital Markets downgraded Citigroup Inc. (NYSE:C) on Monday, July 31 to “Market Perform” rating. The stock of Citigroup Inc. (NYSE:C) has “Buy” rating given on Tuesday, January 16 by Sandler O’Neill. The firm has “Outperform” rating given on Wednesday, April 5 by Keefe Bruyette & Woods. The rating was maintained by Barclays Capital with “Overweight” on Monday, March 14. The stock of Citigroup Inc. (NYSE:C) has “Buy” rating given on Monday, October 9 by Credit Suisse. On Monday, November 14 the stock rating was upgraded by Morgan Stanley to “Overweight”. BMO Capital Markets maintained the stock with “Hold” rating in Friday, April 13 report.

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.28, from 1.35 in 2017Q3. It is negative, as 58 investors sold C shares while 480 reduced holdings. 123 funds opened positions while 450 raised stakes. 1.99 billion shares or 2.45% less from 2.04 billion shares in 2017Q3 were reported. First Advisors LP reported 0.29% of its portfolio in Citigroup Inc. (NYSE:C). Hartford Communication holds 0.79% or 577,229 shares. Nelson Roberts Advisors Limited Liability Com owns 2,448 shares or 0.06% of their US portfolio. Old Mutual Customised Solutions (Proprietary) Ltd invested in 66,890 shares. Ipswich Investment Management has 2,984 shares for 0.09% of their portfolio. Victory Cap Mgmt Incorporated accumulated 175,505 shares. Moors And Cabot, a Massachusetts-based fund reported 46,529 shares. Liberty Mutual Group Asset Mngmt reported 108,590 shares or 0.24% of all its holdings. Raab & Moskowitz Asset Mngmt Limited Co has 3,017 shares for 0.11% of their portfolio. Price T Rowe Assoc Md reported 0.46% in Citigroup Inc. (NYSE:C). Kentucky Retirement System owns 163,048 shares or 0.86% of their US portfolio. Commonwealth Of Pennsylvania School Empls Retrmt System has invested 0.24% in Citigroup Inc. (NYSE:C). New Mexico Educational Retirement Board reported 261,926 shares. Shufro Rose holds 0.14% or 18,576 shares in its portfolio. Northern Cap Management Ltd Liability Company reported 1.38% in Citigroup Inc. (NYSE:C).

Since February 27, 2018, it had 0 insider buys, and 7 sales for $5.91 million activity. On Tuesday, February 27 the insider Forese James A. sold $500,666. $2.51M worth of stock was sold by Fraser Jane Nind on Tuesday, February 27. 3,400 shares valued at $263,126 were sold by MURRAY JOSEPH MICHAEL on Tuesday, February 27. Hu W. Bradford had sold 8,010 shares worth $611,804. Gerspach John C sold $542,920 worth of stock. 7,000 shares valued at $536,410 were sold by Callahan Don on Wednesday, February 28.

Spears Abacus Advisors Llc decreased Exxon Mobil Corp (NYSE:XOM) stake by 6,746 shares to 27,377 valued at $2.29 million in 2017Q4. It also reduced Spdr S&P 500 Etf Tr (SPY) stake by 2,345 shares and now owns 11,722 shares. Fortive Corp was reduced too.

Since December 18, 2017, it had 1 insider purchase, and 14 selling transactions for $6.46 million activity. On Tuesday, March 13 KALETA PAUL J sold $112,511 worth of First Solar, Inc. (NASDAQ:FSLR) or 1,605 shares. Garabedian Raffi had sold 11,284 shares worth $790,580. On Thursday, January 4 DeJong Philip sold $1.04M worth of First Solar, Inc. (NASDAQ:FSLR) or 15,304 shares. $361,771 worth of First Solar, Inc. (NASDAQ:FSLR) shares were sold by ANTOUN GEORGES. $882,310 worth of First Solar, Inc. (NASDAQ:FSLR) was sold by Bueter Christopher. $124,200 worth of First Solar, Inc. (NASDAQ:FSLR) was sold by Schumaker Bryan Robert. 4,325 shares were sold by Bradley Alexander R., worth $294,619.

Among 31 analysts covering First Solar Inc. (NASDAQ:FSLR), 15 have Buy rating, 3 Sell and 13 Hold. Therefore 48% are positive. First Solar Inc. had 89 analyst reports since August 5, 2015 according to SRatingsIntel. As per Thursday, February 25, the company rating was downgraded by Standpoint Research. Barclays Capital maintained the shares of FSLR in report on Friday, January 22 with “Overweight” rating. The stock of First Solar, Inc. (NASDAQ:FSLR) has “Outperform” rating given on Thursday, December 10 by Oppenheimer. The firm has “Hold” rating given on Thursday, December 10 by Needham. The rating was upgraded by Deutsche Bank on Friday, September 15 to “Buy”. Deutsche Bank maintained the stock with “Buy” rating in Friday, February 23 report. The stock has “Market Outperform” rating by JMP Securities on Wednesday, May 24. On Friday, October 30 the stock rating was maintained by Standpoint Research with “Buy”. On Wednesday, November 23 the stock rating was downgraded by Macquarie Research to “Neutral”. The firm earned “Buy” rating on Wednesday, July 26 by Roth Capital.

Analysts await First Solar, Inc. (NASDAQ:FSLR) to report earnings on July, 26. They expect $0.07 earnings per share, down 89.06% or $0.57 from last year’s $0.64 per share. FSLR’s profit will be $7.33 million for 243.75 P/E if the $0.07 EPS becomes a reality. After $0.78 actual earnings per share reported by First Solar, Inc. for the previous quarter, Wall Street now forecasts -91.03% negative EPS growth.

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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