Folger Hill Asset Management LP Raises Position in Bunge Ltd (BG)
Folger Hill Asset Management LP increased its holdings in Bunge Ltd (NYSE:BG) by 16.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,800 shares of the basic materials company’s stock after acquiring an additional 1,400 shares during the quarter. Folger Hill Asset Management LP’s holdings in Bunge were worth $657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in BG. Fuller & Thaler Asset Management Inc. bought a new stake in Bunge during the 4th quarter valued at about $101,000. Advisor Group Inc. increased its stake in Bunge by 127.8% during the 3rd quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 841 shares in the last quarter. Cerebellum GP LLC bought a new stake in Bunge during the 4th quarter valued at about $129,000. American International Group Inc. bought a new stake in Bunge during the 4th quarter valued at about $197,000. Finally, KCS Wealth Advisory bought a new stake in Bunge during the 4th quarter valued at about $200,000. Institutional investors and hedge funds own 78.34% of the company’s stock.
Shares of Bunge Ltd (NYSE BG) opened at $74.96 on Friday. Bunge Ltd has a 12 month low of $63.87 and a 12 month high of $83.75. The company has a market cap of $10,546.87, a P/E ratio of 84.23, a PEG ratio of 1.60 and a beta of 1.13. The company has a quick ratio of 0.86, a current ratio of 1.67 and a debt-to-equity ratio of 0.62.
BG has been the subject of a number of research analyst reports. Vertical Group upgraded shares of Bunge from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Credit Suisse Group set a $84.00 price target on shares of Bunge and gave the stock a “buy” rating in a research note on Monday, January 22nd. Zacks Investment Research upgraded shares of Bunge from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Stephens upgraded shares of Bunge from an “equal weight” rating to an “overweight” rating in a research note on Thursday, February 15th. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of Bunge in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $85.86.
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Bunge Company Profile
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.
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