Caxton Associates LP Invests $1.63 Million in Freeport-McMoRan Inc. (NYSE:FCX)
Caxton Associates LP acquired a new stake in Freeport-McMoRan Inc. (NYSE:FCX[1] - Free Report[2]) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 42,769 shares of the natural resource company's stock, valued at approximately £1,629,000. A number of other large investors have also recently added to or reduced their stakes in the business.
Baird Financial Group Inc. grew its position in shares of Freeport-McMoRan by 0.6% in the fourth quarter. Baird Financial Group Inc. now owns 213,861 shares of the natural resource company's stock valued at £8,144,000 after purchasing an additional 1,253 shares during the last quarter. Baker Avenue Asset Management LP lifted its stake in Freeport-McMoRan by 5.7% in the 4th quarter.
Baker Avenue Asset Management LP now owns 232,890 shares of the natural resource company's stock valued at £8,868,000 after buying an additional 12,589 shares in the last quarter. Bearing Point Capital LLC acquired a new stake in Freeport-McMoRan during the 4th quarter valued at £217,000. Alteri Wealth LLC purchased a new position in Freeport-McMoRan during the fourth quarter worth £258,000.
Finally, American Trust Investment Advisors LLC raised its holdings in shares of Freeport-McMoRan by 2.4% in the fourth quarter. American Trust Investment Advisors LLC now owns 95,878 shares of the natural resource company's stock worth £3,651,000 after acquiring an additional 2,270 shares during the last quarter.
80.77% of the stock is owned by institutional investors and hedge funds.
Freeport-McMoRan Stock Performance
Shares of NYSE:FCX[3] opened at £37.34 on Tuesday. The firm has a market capitalization of £53.66 billion, a PE ratio of 28.95, a P/E/G ratio of 0.87 and a beta of 1.65.
Freeport-McMoRan Inc. has a 12 month low of £27.66 and a 12 month high of £55.24.
The company has a debt-to-equity ratio of 0.31, a current ratio of 2.42 and a quick ratio of 1.18.
The business has a 50-day moving average of £36.18 and a two-hundred day moving average of £39.40.