Pretium Res (PVG) Holder Sun Valley Gold Has Trimmed Its Stake as Share Value Declined; As Mercadolibre (MELI) Share Value Rose, Criterion Capital Management Raised Position

May 26, 2018 - By Darrin Black

MercadoLibre, Inc. (NASDAQ:MELI) Logo

Peter Franklin Palmedo decreased its stake in Pretium Res Inc (PVG) by 14.57% based on its latest 2017Q4 regulatory filing with the SEC. Sun Valley Gold Llc sold 692,062 shares as the company’s stock declined 40.42% with the market. The hedge fund run by Peter Franklin Palmedo held 4.06 million shares of the basic industries company at the end of 2017Q4, valued at $46.25M, down from 4.75 million at the end of the previous reported quarter. Sun Valley Gold Llc who had been investing in Pretium Res Inc for a number of months, seems to be less bullish one the $1.26B market cap company. The stock decreased 3.87% or $0.28 during the last trading session, reaching $6.96. About 1.34M shares traded. Pretium Resources Inc. (NYSE:PVG) has declined 39.73% since May 26, 2017 and is downtrending. It has underperformed by 51.28% the S&P500.

Christopher Lord increased its stake in Mercadolibre Inc (MELI) by 22.98% based on its latest 2017Q4 regulatory filing with the SEC. Criterion Capital Management Llc bought 62,328 shares as the company’s stock rose 11.87% while stock markets declined. The hedge fund run by Christopher Lord held 333,588 shares of the miscellaneous company at the end of 2017Q4, valued at $104.97 million, up from 271,260 at the end of the previous reported quarter. Criterion Capital Management Llc who had been investing in Mercadolibre Inc for a number of months, seems to be bullish on the $13.90 billion market cap company. The stock decreased 0.07% or $0.23 during the last trading session, reaching $314.7. About 1.50M shares traded or 93.92% up from the average. MercadoLibre, Inc. (NASDAQ:MELI) has risen 66.47% since May 26, 2017 and is uptrending. It has outperformed by 54.92% the S&P500.

Analysts await Pretium Resources Inc. (NYSE:PVG) to report earnings on August, 9. They expect $0.12 EPS, up 1,300.00% or $0.13 from last year’s $-0.01 per share. PVG’s profit will be $21.78 million for 14.50 P/E if the $0.12 EPS becomes a reality. After $0.03 actual EPS reported by Pretium Resources Inc. for the previous quarter, Wall Street now forecasts 300.00% EPS growth.

Sun Valley Gold Llc, which manages about $547.54 million and $637.19 million US Long portfolio, upped its stake in Mag Silver Corp (NYSEMKT:MVG) by 53,688 shares to 437,162 shares, valued at $5.39M in 2017Q4, according to the filing.

Among 5 analysts covering Pretium Resources (NYSE:PVG), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Pretium Resources had 21 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Pretium Resources Inc. (NYSE:PVG) earned “Speculative Buy” rating by Canaccord Genuity on Monday, August 24. The stock of Pretium Resources Inc. (NYSE:PVG) has “Outperform” rating given on Wednesday, March 8 by RBC Capital Markets. The firm has “Buy” rating by H.C. Wainwright given on Monday, March 12. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, August 24. The stock has “Buy” rating by H.C. Wainwright on Thursday, September 17. The stock has “Buy” rating by H.C. Wainwright on Friday, May 11. As per Monday, August 14, the company rating was maintained by H.C. Wainwright. The firm has “Buy” rating by H.C. Wainwright given on Wednesday, April 11. Roth Capital maintained the shares of PVG in report on Friday, August 18 with “Buy” rating. The firm earned “Neutral” rating on Wednesday, January 24 by Credit Suisse.

Investors sentiment decreased to 1.13 in 2017 Q4. Its down 0.61, from 1.74 in 2017Q3. It worsened, as 16 investors sold PVG shares while 31 reduced holdings. 22 funds opened positions while 31 raised stakes. 83.18 million shares or 4.51% less from 87.11 million shares in 2017Q3 were reported. U S Global has invested 0.52% of its portfolio in Pretium Resources Inc. (NYSE:PVG). Connor Clark Lunn Investment Management Ltd invested in 143,700 shares. Tower Research Capital Lc (Trc) accumulated 7,980 shares. Prudential Public Ltd Liability, Illinois-based fund reported 6.98M shares. Asa Gold Precious Metals Ltd holds 4.95% or 725,000 shares in its portfolio. Fiera Cap stated it has 0.01% of its portfolio in Pretium Resources Inc. (NYSE:PVG). Trexquant Investment Lp holds 0.09% of its portfolio in Pretium Resources Inc. (NYSE:PVG) for 71,688 shares. 12,333 were reported by Lpl Ltd. Bradley Foster And Sargent Incorporated Ct holds 0.01% of its portfolio in Pretium Resources Inc. (NYSE:PVG) for 34,035 shares. Parallax Volatility Advisers Ltd Partnership reported 0% stake. Cibc Asset Mgmt Inc has 110,291 shares. Commerzbank Aktiengesellschaft Fi accumulated 0% or 15,148 shares. 1832 Asset Management Lp holds 0.03% in Pretium Resources Inc. (NYSE:PVG) or 900,000 shares. Ftb Advisors stated it has 1,000 shares. Sei Investments Company accumulated 4,682 shares.

More news for Pretium Resources Inc. (NYSE:PVG) were recently published by: Seekingalpha.com, which released: “Pretium Resources: Struggling To Get On Top” on May 16, 2018. Seekingalpha.com‘s article titled: “Pretium Resources’ (PVG) CEO Joseph Ovsenek on Q4 2017 Results – Earnings Call Transcript” and published on May 13, 2018 is yet another important article.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.23, from 1.16 in 2017Q3. It is negative, as 39 investors sold MELI shares while 114 reduced holdings. 56 funds opened positions while 87 raised stakes. 36.71 million shares or 2.73% more from 35.73 million shares in 2017Q3 were reported. Foxhaven Asset Mgmt Limited Partnership invested 4.83% in MercadoLibre, Inc. (NASDAQ:MELI). Royal Commercial Bank Of Canada invested 0.01% in MercadoLibre, Inc. (NASDAQ:MELI). Zevenbergen Cap Invs Limited Com owns 363,814 shares for 4.77% of their portfolio. Whittier Communication, a California-based fund reported 42 shares. Melvin Management Ltd Partnership stated it has 75,000 shares. Td Asset, Ontario – Canada-based fund reported 22,916 shares. Jane Street Grp Limited Liability Corporation invested 0.04% in MercadoLibre, Inc. (NASDAQ:MELI). Livforsakringsbolaget Skandia Omsesidigt holds 0.02% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI) for 600 shares. Morgan Stanley reported 0.11% in MercadoLibre, Inc. (NASDAQ:MELI). Public Employees Retirement Association Of Colorado stated it has 0.15% in MercadoLibre, Inc. (NASDAQ:MELI). Bailard Inc invested in 0.26% or 13,000 shares. Kayne Anderson Rudnick Lc reported 352,286 shares. Grp One Trading Lp stated it has 0% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). Gulf National Bank & Trust (Uk) Ltd holds 0.05% or 12,900 shares in its portfolio. Deutsche National Bank & Trust Ag owns 84,937 shares for 0.02% of their portfolio.

Criterion Capital Management Llc, which manages about $3.75 billion and $1.66B US Long portfolio, decreased its stake in Salesforce Com Inc (NYSE:CRM) by 945,022 shares to 733,196 shares, valued at $74.96 million in 2017Q4, according to the filing. It also reduced its holding in Zayo Group Hldgs Inc (NYSE:ZAYO) by 105,159 shares in the quarter, leaving it with 1.75 million shares, and cut its stake in Palo Alto Networks Inc (NYSE:PANW).

More notable recent MercadoLibre, Inc. (NASDAQ:MELI) news were published by: Streetinsider.com which released: “Tiger Global’s 13F Shows New Stake in Twitter (TWTR), Mercado (MELI), Increases Stake in Amazon (AMZN) (more…)” on May 15, 2018, also Seekingalpha.com with their article: “Tracking Al Gore’s Generation Investment Management Portfolio – Q1 2018 Update” published on May 26, 2018, Seekingalpha.com published: “Tracking Stephen Mandel’s Lone Pine Capital Portfolio – Q1 2018 Update” on May 25, 2018. More interesting news about MercadoLibre, Inc. (NASDAQ:MELI) were released by: Seekingalpha.com and their article: “MercadoLibre’s Recent Financials Mask Operational Growth” published on May 24, 2018 as well as Benzinga.com‘s news article titled: “Out With The Old, In With The New: Telecom Sector To Become Communications Services Sector” with publication date: May 24, 2018.

Among 15 analysts covering MercadoLibre (NASDAQ:MELI), 6 have Buy rating, 2 Sell and 7 Hold. Therefore 40% are positive. MercadoLibre had 47 analyst reports since August 6, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of MELI in report on Tuesday, April 17 with “Hold” rating. Credit Suisse maintained MercadoLibre, Inc. (NASDAQ:MELI) on Friday, February 23 with “Outperform” rating. The firm has “Buy” rating given on Monday, January 8 by Credit Suisse. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Monday, October 23 report. The stock of MercadoLibre, Inc. (NASDAQ:MELI) earned “Hold” rating by Stifel Nicolaus on Thursday, October 6. The rating was maintained by Piper Jaffray with “Overweight” on Friday, August 5. On Wednesday, March 2 the stock rating was upgraded by HSBC to “Hold”. Morgan Stanley reinitiated the stock with “Underweight” rating in Friday, October 28 report. The firm earned “Buy” rating on Friday, August 25 by Stifel Nicolaus. The company was maintained on Friday, February 23 by Stifel Nicolaus.

MercadoLibre, Inc. (NASDAQ:MELI) Institutional Positions Chart

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