Bloom Tree Partners LLC Holding in Fleetcor Technologies INC (FLT) Has Lowered by $30.93 Million as Valuation Rose

FleetCor Technologies, Inc. (NYSE:FLT) LogoInvestors sentiment increased to 1.05 in 2019 Q1. Its up 0.11, from 0.94 in 2018Q4. It is positive, as 23 investors sold FLT shares while 152 reduced holdings. 69 funds opened positions while 114 raised stakes. 78.66 million shares or 2.56% less from 80.73 million shares in 2018Q4 were reported. Strategy Asset Managers Ltd Liability Co invested in 11,576 shares. Us Bank De holds 0.01% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT) for 10,457 shares. First Bancorp owns 1,400 shares or 0.02% of their US portfolio. Cwm owns 0.06% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 12,186 shares. New Mexico Educational Retirement Board holds 7,400 shares or 0.08% of its portfolio. Rmb Mngmt Limited Liability Company holds 0.01% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT) for 1,598 shares. Academy Capital Inc Tx accumulated 5.04% or 88,177 shares. Victory Management Inc owns 227,693 shares for 0.13% of their portfolio. Dupont Capital Mngmt reported 1,189 shares. Parkside Comml Bank And Tru reported 0.01% in FleetCor Technologies, Inc. (NYSE:FLT). Engineers Gate Manager LP has invested 0.05% in FleetCor Technologies, Inc. (NYSE:FLT). First Mercantile Tru Com has invested 0.05% in FleetCor Technologies, Inc. (NYSE:FLT). Fmr Lc has 0.06% invested in FleetCor Technologies, Inc. (NYSE:FLT). The Arizona-based Tci Wealth Advsr Incorporated has invested 0% in FleetCor Technologies, Inc. (NYSE:FLT). Violich Cap Mgmt holds 6,250 shares or 0.39% of its portfolio.

Bloom Tree Partners Llc decreased its stake in Fleetcor Technologies Inc (FLT) by 48.14% based on its latest 2019Q1 regulatory filing with the SEC. Bloom Tree Partners Llc sold 125,739 shares as the company’s stock rose 20.42% with the market. The hedge fund held 135,460 shares of the miscellaneous company at the end of 2019Q1, valued at $33.40 million, down from 261,199 at the end of the previous reported quarter. Bloom Tree Partners Llc who had been investing in Fleetcor Technologies Inc for a number of months, seems to be less bullish one the $25.18 billion market cap company. The stock decreased 0.42% or $1.23 during the last trading session, reaching $292.16. About 540,579 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has risen 30.59% since July 14, 2018 and is uptrending. It has outperformed by 26.16% the S&P500.

Analysts await FleetCor Technologies, Inc. (NYSE:FLT) to report earnings on August, 1. They expect $2.64 earnings per share, up 9.54 % or $0.23 from last year’s $2.41 per share. FLT’s profit will be $227.55 million for 27.67 P/E if the $2.64 EPS becomes a reality. After $2.56 actual earnings per share reported by FleetCor Technologies, Inc. for the previous quarter, Wall Street now forecasts 3.13 % EPS growth.

More notable recent FleetCor Technologies, Inc. (NYSE:FLT) news were published by: Finance.Yahoo.com which released: “Here’s What Hedge Funds Think About Cintas Corporation (CTAS) – Yahoo Finance” on June 20, 2019, also Business.Financialpost.com with their article: “Cambridge Global Payments to Offer Invoice Automation Solution – Financial Post” published on July 09, 2019, Globenewswire.com published: “SHAREHOLDER ALERT FOR FB, FAF, AND FLT: Hagens Berman Alerts FB, FAF, and FLT to the Firm’s Investigations of Potential Management Breaches, Encourages Investors to Contact the Firm – GlobeNewswire” on June 18, 2019. More interesting news about FleetCor Technologies, Inc. (NYSE:FLT) were released by: Finance.Yahoo.com and their article: “Here’s What Hedge Funds Think About Imperial Oil Limited (IMO) – Yahoo Finance” published on July 05, 2019 as well as Finance.Yahoo.com‘s news article titled: “Why You Should Like FleetCor Technologies, Inc.’s (NYSE:FLT) ROCE – Yahoo Finance” with publication date: June 03, 2019.

FleetCor Technologies, Inc. (NYSE:FLT) Ratings Coverage

Among 8 analysts covering Fleetcor Technologies (NYSE:FLT), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Fleetcor Technologies had 16 analyst reports since January 18, 2019 according to SRatingsIntel. The firm has “Buy” rating by Deutsche Bank given on Friday, June 21. The stock has “Buy” rating by Barclays Capital on Wednesday, February 20. Citigroup maintained FleetCor Technologies, Inc. (NYSE:FLT) on Tuesday, March 19 with “Buy” rating. The firm has “Buy” rating given on Tuesday, February 19 by SunTrust. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Hold” rating by Mizuho on Wednesday, February 20. On Wednesday, March 13 the stock rating was maintained by Oppenheimer with “Buy”. Barclays Capital maintained the stock with “Buy” rating in Monday, March 25 report.

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

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