Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. Given the current short-term trend, the stock is expected to fall -3.17% during the next 3 months and, with 90% probability hold a price between $6.44 and $10.39 at the end of this period. All time highs. The 13F filings show the hedge funds and investors’ positions as of the end of the third quarter. Get a completely free, detailed and easy to read report for every major stock in the S&P500 with technical and fundamental analysis.
Overall, hedge fund sentiment was unchanged. Xerox has returned a staggering 81.7% since the start of 2019. That score is influenced by a fundamental score of 12. At the end of the third quarter, a total of 37 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 0% from the second quarter of 2018. Today I’ll take a closer look at what long-term investors may expect of Xerox stock and whether it may be a good buy at current levels. XRX's score also includes a long-term technical score of 48. Interestingly, Anand Parekh's Alyeska Investment Group dumped the largest investment of the 700 funds watched by Insider Monkey, comprising close to $57.8 million in stock, and Curtis Macnguyen's Ivory Capital (Investment Mgmt) was right behind this move, as the fund dumped about $18.4 million worth. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. July 14th, 2020. In addition to the average rating from Wall Street analysts, XRX stock has a mean target price of $38.00. [table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position CZR,62,4321459,4 ZNH,5,17559,1 BFAM,16,331548,-1 FCE,34,1777751,-9 [/table]Due to the fact that Xerox Corporation (NYSE:XRX) has faced a decline in interest from the entirety of the hedge funds we track, it's safe to say that there is a sect of hedgies who were dropping their positions entirely by the end of the third quarter. In addition to the average rating from Wall Street analysts, XRX stock has a mean target price of $38.00. Over the past year the S&P 500 is up 15.77% while XRX has risen 45.19%. Xerox Corporation (XRX) is a stock many investors are watching right now. Learn more. You can find write-ups about an individual hedge fund’s trades
XRX is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. United States Steel Corporation lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. XRX earned $2.80 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 13.78.Stock Price data may be delayed up to 15 minutes. XRX has fallen -$0.42 from the previous closing price of $38.94 on volume of 450,531 shares. The graph below displays the number of hedge funds with bullish position in XRX over the last 13 quarters. X Trend Top Trending Stocks. These reports are specially helpful before sending your market orders or to find investment and swing trading ideas.
These bearish behaviors are interesting, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).China Southern Airlines Company Limited
With the smart money's sentiment swirling, there exists a select group of key hedge fund managers who were upping their stakes considerably (or already accumulated large positions). The short-term technical score for XRX is 71.Xerox Holdings Corp (XRX) stock has fallen -1.08% while the S&P 500 has fallen -0.17% as of 10:37 AM on Monday, Nov 18. Xerox Holdings Corp stock has risen 45.19% over the last 12 months, and the average rating from Wall Street analysts is a Hold.InvestorsObserver’s proprietary scoring system, gives XRX stock a score of 43 out of a possible 100.. That score is influenced by a fundamental score of 12.
This means analysts expect the stock to fall 1.35% over the next 12 months. Learn more.
The stock is trading at $35.64 per share, which is 92.0% above its 52-week low of $18.58. After years of mediocre performance, Xerox stock finally looks like it could be on the rise. Xerox was just added to the Zacks Rank #1 (Strong Buy) list today. Best stocks to buy today. Xerox Corporation (NYSE:XRX) shares haven’t seen a lot of action during the third quarter.