Heitman Real Estate Securities Trimmed Holding in Interxion Holdings Nv (INXN) as Stock Rose; Jacobs Asset Management Raised Position in First Bancorp P R (FBP) as Market Value Declined

February 16, 2018 - By Jonathan Benavides

Jacobs Asset Management Llc increased its stake in First Bancorp P R (FBP) by 34.72% based on its latest 2017Q3 regulatory filing with the SEC. Jacobs Asset Management Llc bought 258,684 shares as the company’s stock declined 17.25% while stock markets rallied. The institutional investor held 1.00 million shares of the major banks company at the end of 2017Q3, valued at $5.14 million, up from 745,019 at the end of the previous reported quarter. Jacobs Asset Management Llc who had been investing in First Bancorp P R for a number of months, seems to be bullish on the $1.34B market cap company. The stock increased 2.74% or $0.165 during the last trading session, reaching $6.185. About 1.01M shares traded. First Bancorp (NYSE:FBP) has risen 32.84% since February 16, 2017 and is uptrending. It has outperformed by 16.14% the S&P500.

Heitman Real Estate Securities Llc decreased its stake in Interxion Holdings Nv (INXN) by 99.44% based on its latest 2017Q3 regulatory filing with the SEC. Heitman Real Estate Securities Llc sold 77,590 shares as the company’s stock rose 15.41% with the market. The institutional investor held 440 shares of the programming company at the end of 2017Q3, valued at $22,000, down from 78,030 at the end of the previous reported quarter. Heitman Real Estate Securities Llc who had been investing in Interxion Holdings Nv for a number of months, seems to be less bullish one the $4.14 billion market cap company. The stock decreased 0.79% or $0.46 during the last trading session, reaching $57.98. About 294,684 shares traded. InterXion Holding N.V. (NYSE:INXN) has risen 30.50% since February 16, 2017 and is uptrending. It has outperformed by 13.80% the S&P500.

Among 12 analysts covering Interxion Holding NV (NYSE:INXN), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Interxion Holding NV had 35 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Wednesday, October 18. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, August 2. Oppenheimer maintained InterXion Holding N.V. (NYSE:INXN) rating on Wednesday, November 1. Oppenheimer has “Buy” rating and $62.0 target. Cowen & Co maintained InterXion Holding N.V. (NYSE:INXN) rating on Friday, July 21. Cowen & Co has “Hold” rating and $4500 target. The rating was maintained by Oppenheimer on Wednesday, August 2 with “Buy”. The stock of InterXion Holding N.V. (NYSE:INXN) has “Buy” rating given on Monday, April 24 by RBC Capital Markets. The stock of InterXion Holding N.V. (NYSE:INXN) has “Buy” rating given on Tuesday, September 5 by RBC Capital Markets. The company was initiated on Monday, September 28 by Barclays Capital. The rating was maintained by Stifel Nicolaus on Friday, July 21 with “Buy”. Evercore upgraded the shares of INXN in report on Monday, October 26 to “Buy” rating.

Analysts await InterXion Holding N.V. (NYSE:INXN) to report earnings on March, 7. They expect $0.20 earnings per share, up 42.86% or $0.06 from last year’s $0.14 per share. INXN’s profit will be $14.27M for 72.48 P/E if the $0.20 EPS becomes a reality. After $0.18 actual earnings per share reported by InterXion Holding N.V. for the previous quarter, Wall Street now forecasts 11.11% EPS growth.

Heitman Real Estate Securities Llc, which manages about $2.16 billion and $1.73B US Long portfolio, upped its stake in Retail Properties Of America Inc (NYSE:RPAI) by 505,379 shares to 3.04 million shares, valued at $39.91M in 2017Q3, according to the filing. It also increased its holding in Alexandria Real Estate Equitie (NYSE:ARE) by 4,398 shares in the quarter, for a total of 269,367 shares, and has risen its stake in Douglas Emmett Inc. (NYSE:DEI).

Among 6 analysts covering First Bancorp (NYSE:FBP), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. First Bancorp had 12 analyst reports since July 27, 2015 according to SRatingsIntel. Bank of America maintained First Bancorp (NYSE:FBP) rating on Wednesday, November 8. Bank of America has “Neutral” rating and $6 target. The firm earned “Overweight” rating on Friday, April 8 by Piper Jaffray. Citigroup upgraded the shares of FBP in report on Thursday, December 21 to “Buy” rating. Guggenheim upgraded First Bancorp (NYSE:FBP) on Monday, July 27 to “Buy” rating. The firm earned “Buy” rating on Monday, January 29 by Piper Jaffray. The rating was maintained by Keefe Bruyette & Woods on Wednesday, October 4 with “Buy”. The firm has “Buy” rating by Keefe Bruyette & Woods given on Friday, November 10. The firm earned “Neutral” rating on Monday, November 20 by Citigroup. Piper Jaffray maintained First Bancorp (NYSE:FBP) on Friday, October 6 with “Buy” rating. The rating was maintained by Keefe Bruyette & Woods on Wednesday, October 14 with “Outperform”.

Jacobs Asset Management Llc, which manages about $1.11 billion and $524.24 million US Long portfolio, decreased its stake in Aercap Holdings Nv (NYSE:AER) by 54,000 shares to 576,300 shares, valued at $29.45M in 2017Q3, according to the filing. It also reduced its holding in Mainsource Financial Gp Inc (NASDAQ:MSFG) by 17,390 shares in the quarter, leaving it with 451,688 shares, and cut its stake in Heritage Finl Corp Wash (NASDAQ:HFWA).

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