Pattern Energy Group Inc. (PEGI) Forms $17.16 Double Bottom; Southpoint Capital Advisors LP Has Lowered Its Fleetcor Technologies (FLT) Position

FleetCor Technologies, Inc. (NYSE:FLT) Logo

Pattern Energy Group Inc. (PEGI) formed double bottom with $16.65 target or 3.00% below today’s $17.16 share price. Pattern Energy Group Inc. (PEGI) has $1.68 billion valuation. The stock decreased 2.33% or $0.41 during the last trading session, reaching $17.16. About 859,272 shares traded. Pattern Energy Group Inc. (NASDAQ:PEGI) has declined 11.28% since April 7, 2017 and is downtrending. It has underperformed by 22.83% the S&P500.

Southpoint Capital Advisors Lp decreased Fleetcor Technologies Inc (FLT) stake by 43.92% reported in 2017Q4 SEC filing. Southpoint Capital Advisors Lp sold 285,508 shares as Fleetcor Technologies Inc (FLT)’s stock rose 4.28%. The Southpoint Capital Advisors Lp holds 364,492 shares with $70.14 million value, down from 650,000 last quarter. Fleetcor Technologies Inc now has $17.63B valuation. The stock decreased 1.93% or $3.87 during the last trading session, reaching $196.34. About 272,930 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has risen 27.04% since April 7, 2017 and is uptrending. It has outperformed by 15.49% the S&P500.

Analysts await Pattern Energy Group Inc. (NASDAQ:PEGI) to report earnings on May, 8. They expect $0.12 EPS, up 100.00% or $0.06 from last year’s $0.06 per share. PEGI’s profit will be $11.76 million for 35.75 P/E if the $0.12 EPS becomes a reality. After $0.11 actual EPS reported by Pattern Energy Group Inc. for the previous quarter, Wall Street now forecasts 9.09% EPS growth.

Among 17 analysts covering Pattern Energy (NASDAQ:PEGI), 11 have Buy rating, 0 Sell and 6 Hold. Therefore 65% are positive. Pattern Energy had 45 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, December 16 by JP Morgan. On Friday, July 24 the stock rating was upgraded by Avondale to “Outperform”. The firm has “Buy” rating given on Tuesday, August 22 by RBC Capital Markets. The rating was upgraded by Bank of America to “Buy” on Thursday, October 29. The rating was maintained by BMO Capital Markets on Friday, September 8 with “Buy”. UBS initiated Pattern Energy Group Inc. (NASDAQ:PEGI) on Tuesday, September 27 with “Neutral” rating. JP Morgan initiated it with “Overweight” rating and $28 target in Friday, September 11 report. The rating was maintained by RBC Capital Markets with “Buy” on Friday, October 27. The stock has “Hold” rating by Williams Capital Group on Monday, March 5. The stock of Pattern Energy Group Inc. (NASDAQ:PEGI) has “Outperform” rating given on Tuesday, August 11 by BMO Capital Markets.

Investors sentiment increased to 1.55 in 2017 Q4. Its up 0.51, from 1.04 in 2017Q3. It increased, as 24 investors sold Pattern Energy Group Inc. shares while 42 reduced holdings. 34 funds opened positions while 68 raised stakes. 81.57 million shares or 14.64% more from 71.15 million shares in 2017Q3 were reported. Teacher Retirement Sys Of Texas holds 27,684 shares. Ardsley Advisory Prns holds 1.84% or 705,000 shares. First Mercantile Tru Company holds 31,238 shares. Eventide Asset Mngmt Limited Liability Com accumulated 1.02M shares. The Minnesota-based Ameriprise has invested 0% in Pattern Energy Group Inc. (NASDAQ:PEGI). Portland Investment Counsel Incorporated, Ontario – Canada-based fund reported 78,174 shares. Whittier, California-based fund reported 241 shares. Wilbanks Smith Thomas Asset Mgmt Ltd holds 0.02% or 11,928 shares. Cohen And Steers stated it has 3.88M shares or 0.23% of all its holdings. Advisory Services Networks Limited Liability has 0% invested in Pattern Energy Group Inc. (NASDAQ:PEGI). Fmr Llc reported 57,969 shares. Ontario – Canada-based Royal Bancshares Of Canada has invested 0.02% in Pattern Energy Group Inc. (NASDAQ:PEGI). Scotia Cap holds 0.01% in Pattern Energy Group Inc. (NASDAQ:PEGI) or 40,763 shares. X Mngmt Co Limited holds 0.24% of its portfolio in Pattern Energy Group Inc. (NASDAQ:PEGI) for 494,480 shares. Moreover, Paloma Ptnrs Mngmt has 0% invested in Pattern Energy Group Inc. (NASDAQ:PEGI) for 13,928 shares.

Since February 1, 2018, it had 2 buys, and 1 sale for $208,097 activity. The insider Hall Douglas G. bought $85,402. Shares for $171,926 were bought by BATKIN ALAN R on Wednesday, March 7. Pedersen Esben W. had sold 2,400 shares worth $49,231.

Investors sentiment decreased to 1.2 in 2017 Q4. Its down 0.07, from 1.27 in 2017Q3. It turned negative, as 25 investors sold FLT shares while 118 reduced holdings. 73 funds opened positions while 99 raised stakes. 81.94 million shares or 2.11% less from 83.71 million shares in 2017Q3 were reported. Los Angeles Equity Research Inc owns 2,823 shares. Criterion Capital Mngmt Lc holds 4.61% in FleetCor Technologies, Inc. (NYSE:FLT) or 398,225 shares. Voya Invest Mngmt Ltd Com holds 0.01% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT) for 32,658 shares. 1,188 were reported by Cibc Ww Mkts. Dnb Asset Mngmt As reported 0.02% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Invesco holds 18,503 shares or 0% of its portfolio. Motco holds 0% or 24 shares. The California-based Hanson Mcclain has invested 0% in FleetCor Technologies, Inc. (NYSE:FLT). Bainco Invsts holds 1.21% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT) for 50,627 shares. Wellington Mgmt Gp Limited Liability Partnership, Massachusetts-based fund reported 5.17M shares. 7,126 were reported by Emerald Advisers Pa. Blackrock Inc holds 0.06% or 6.12 million shares in its portfolio. Kayne Anderson Rudnick Investment Limited Liability invested 0.02% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). 5,484 are owned by Westpac. Winslow Cap Mgmt Ltd Liability holds 0% or 7 shares.

Among 17 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Fleetcor Technologies had 55 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of FleetCor Technologies, Inc. (NYSE:FLT) has “Buy” rating given on Wednesday, November 1 by Oppenheimer. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Neutral” rating by Credit Suisse on Friday, December 11. The firm earned “Buy” rating on Friday, June 24 by Suntrust Robinson. The rating was maintained by Monness Crespi & Hardt with “Buy” on Monday, September 19. The stock of FleetCor Technologies, Inc. (NYSE:FLT) has “Buy” rating given on Friday, March 18 by Evercore. The rating was maintained by Morgan Stanley on Wednesday, March 14 with “Overweight”. Citigroup maintained it with “Buy” rating and $18000 target in Thursday, July 13 report. Credit Suisse maintained the shares of FLT in report on Wednesday, January 17 with “Hold” rating. The firm has “Buy” rating given on Monday, November 13 by Oppenheimer. The firm has “Buy” rating by SunTrust given on Tuesday, October 24.

FleetCor Technologies, Inc. (NYSE:FLT) Institutional Positions Chart