Redwood Trust, Inc. (RWT) Is At $15.37 Formed Wedge; Echo Street Capital Management Has Raised Fleetcor Technologies (FLT) Holding

April 26, 2018 - By Shannon Black

Redwood Trust, Inc. (NYSE:RWT) Logo

Redwood Trust, Inc. (RWT) formed wedge up with $16.75 target or 9.00% above today’s $15.37 share price. Redwood Trust, Inc. (RWT) has $1.16B valuation. The stock decreased 0.03% or $0.005 during the last trading session, reaching $15.365. About 63,536 shares traded. Redwood Trust, Inc. (NYSE:RWT) has declined 7.30% since April 26, 2017 and is downtrending. It has underperformed by 18.85% the S&P500.

Echo Street Capital Management Llc increased Fleetcor Technologies Inc (FLT) stake by 14.32% reported in 2017Q4 SEC filing. Echo Street Capital Management Llc acquired 82,255 shares as Fleetcor Technologies Inc (FLT)’s stock rose 4.28%. The Echo Street Capital Management Llc holds 656,609 shares with $126.35M value, up from 574,354 last quarter. Fleetcor Technologies Inc now has $18.53B valuation. The stock increased 2.51% or $5.06 during the last trading session, reaching $206.35. About 176,827 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has risen 27.04% since April 26, 2017 and is uptrending. It has outperformed by 15.49% the S&P500.

Echo Street Capital Management Llc decreased Paylocity Hldg Corp (NASDAQ:PCTY) stake by 105,026 shares to 486,205 valued at $22.93 million in 2017Q4. It also reduced Crown Castle Intl Corp New (NYSE:CCI) stake by 113,147 shares and now owns 525,941 shares. Starbucks Corp (NASDAQ:SBUX) was reduced too.

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. Credit Suisse maintained it with “Hold” rating and $209.0 target in Wednesday, January 17 report. The stock has “Buy” rating by SunTrust on Tuesday, October 24. The stock of FleetCor Technologies, Inc. (NYSE:FLT) has “Buy” rating given on Monday, September 19 by Monness Crespi & Hardt. The stock has “Buy” rating by Suntrust Robinson on Friday, June 24. The stock of FleetCor Technologies, Inc. (NYSE:FLT) has “Overweight” rating given on Thursday, November 2 by Barclays Capital. The firm has “Buy” rating by Evercore given on Friday, March 18. The company was maintained on Wednesday, August 19 by Oppenheimer. The firm has “Neutral” rating by Compass Point given on Friday, April 15. Keefe Bruyette & Woods maintained it with “Outperform” rating and $147 target in Wednesday, February 3 report. Morgan Stanley maintained the shares of FLT in report on Wednesday, March 14 with “Overweight” rating.

Investors sentiment decreased to 1.2 in Q4 2017. Its down 0.07, from 1.27 in 2017Q3. It worsened, 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. American Gru Inc reported 3,360 shares. Geode Cap Mgmt Limited Liability has 653,573 shares for 0.04% of their portfolio. Motco reported 24 shares. Td Asset Mngmt owns 0.02% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 83,380 shares. Wilbanks Smith Thomas Asset Management Llc holds 0.02% or 1,517 shares. Lpl Ltd Liability Corporation holds 12,511 shares or 0.01% of its portfolio. Oppenheimer Asset Mngmt reported 9,551 shares or 0.04% of all its holdings. Ahl Prtnrs Llp invested 0.06% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Peak6 Invests Limited Partnership holds 37,589 shares or 0.03% of its portfolio. Moreover, Canada Pension Plan Inv Board has 0.03% invested in FleetCor Technologies, Inc. (NYSE:FLT). Fulton Bankshares Na accumulated 1,315 shares. Prudential Financial Incorporated invested 0.01% in FleetCor Technologies, Inc. (NYSE:FLT). Ameriprise Fincl reported 1.99M shares or 0.17% of all its holdings. Panagora Asset Mngmt reported 0% stake. State Common Retirement Fund owns 206,500 shares for 0.05% of their portfolio.

Among 6 analysts covering Redwood Trust (NYSE:RWT), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Redwood Trust has $20 highest and $14.50 lowest target. $17.08’s average target is 11.16% above currents $15.365 stock price. Redwood Trust had 12 analyst reports since August 10, 2015 according to SRatingsIntel. On Wednesday, May 18 the stock rating was upgraded by Nomura to “Buy”. The firm has “Outperform” rating by Wood given on Friday, December 8. Maxim Group maintained it with “Buy” rating and $20 target in Monday, November 16 report. As per Wednesday, June 28, the company rating was maintained by Keefe Bruyette & Woods. The stock of Redwood Trust, Inc. (NYSE:RWT) earned “Neutral” rating by Nomura on Tuesday, November 24. The company was downgraded on Tuesday, July 19 by Wood. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, November 8. As per Monday, March 14, the company rating was maintained by Deutsche Bank.

Analysts await Redwood Trust, Inc. (NYSE:RWT) to report earnings on May, 3. They expect $0.35 earnings per share, down 2.78% or $0.01 from last year’s $0.36 per share. RWT’s profit will be $26.49 million for 10.98 P/E if the $0.35 EPS becomes a reality. After $0.35 actual earnings per share reported by Redwood Trust, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 1.02 in Q4 2017. Its up 0.07, from 0.95 in 2017Q3. It is positive, as 18 investors sold Redwood Trust, Inc. shares while 42 reduced holdings. 19 funds opened positions while 42 raised stakes. 62.66 million shares or 1.32% less from 63.50 million shares in 2017Q3 were reported. Winslow Evans Crocker has invested 0.03% in Redwood Trust, Inc. (NYSE:RWT). 448 were reported by Blume Cap Management Inc. 10 stated it has 0.05% of its portfolio in Redwood Trust, Inc. (NYSE:RWT). Tudor Inv Corp Et Al, Connecticut-based fund reported 16,774 shares. National Bank Of Ny Mellon holds 0.01% in Redwood Trust, Inc. (NYSE:RWT) or 1.35 million shares. Price T Rowe Assocs Md reported 0% stake. 22,400 were accumulated by Strs Ohio. Wealthtrust accumulated 0% or 113 shares. Principal Group has invested 0% in Redwood Trust, Inc. (NYSE:RWT). Ubs Asset Americas, a Illinois-based fund reported 46,369 shares. Tortoise Inv Mgmt Limited Co invested 0% in Redwood Trust, Inc. (NYSE:RWT). State Board Of Administration Of Florida Retirement owns 75,741 shares. Pub Employees Retirement Systems Of Ohio invested in 6,579 shares. Jefferies Grp Inc Ltd has 62,533 shares for 0% of their portfolio. Mcf Advisors Limited Com accumulated 96 shares.

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