Fleetcor Technologies Inc (NYSE:FLT) Has Decline in Shorts

FleetCor Technologies, Inc. (NYSE:FLT) Logo

Investors sentiment increased to 1.61 in Q2 2018. Its up 0.81, from 0.8 in 2018Q1. It increased, as 38 investors sold FleetCor Technologies, Inc. shares while 101 reduced holdings. 90 funds opened positions while 134 raised stakes. 84.90 million shares or 5.87% more from 80.19 million shares in 2018Q1 were reported.
Kayne Anderson Rudnick Inv Mgmt Ltd Liability Co holds 0.02% or 14,280 shares. Fjarde Ap holds 0.1% or 30,552 shares in its portfolio. Saturna Capital Corporation, Washington-based fund reported 4,553 shares. Burney reported 1,595 shares or 0.02% of all its holdings. Massachusetts-based Bainco Intl Invsts has invested 1.5% in FleetCor Technologies, Inc. (NYSE:FLT). Lpl Ltd Com owns 3,860 shares. Neuberger Berman Group Inc Lc stated it has 0% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). 5.06M are held by Wellington Mngmt Gru Limited Liability Partnership. Verition Fund Mgmt Limited Company has invested 0.05% in FleetCor Technologies, Inc. (NYSE:FLT). Crescent Park Management Lp has 7.84% invested in FleetCor Technologies, Inc. (NYSE:FLT). Lombard Odier Asset Management (Europe) Limited has invested 0.02% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Kentucky-based Teachers Retirement Sys Of The State Of Kentucky has invested 0.11% in FleetCor Technologies, Inc. (NYSE:FLT). Thompson Siegel Walmsley Llc invested 0% in FleetCor Technologies, Inc. (NYSE:FLT). Violich invested 0.23% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Checchi Cap Advisers Ltd Company stated it has 1,100 shares.

The stock of Fleetcor Technologies Inc (NYSE:FLT) registered a decrease of 36.41% in short interest. FLT’s total short interest was 1.57M shares in December as published by FINRA. Its down 36.41% from 2.48 million shares, reported previously. With 423,300 shares average volume, it will take short sellers 4 days to cover their FLT’s short positions. The short interest to Fleetcor Technologies Inc’s float is 1.8%.

The stock decreased 1.07% or $2.03 during the last trading session, reaching $186.93. About 664,386 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has risen 52.49% since December 8, 2017 and is uptrending. It has outperformed by 36.87% the S&P500.

FleetCor Technologies, Inc. provides fuel cards, commercial payment and data solutions, gift card and stored value solutions, and workforce payment services and products primarily in the United States, Brazil, and the United Kingdom. The company has market cap of $16.57 billion. It sells a range of customized fleet and lodging payment programs; and offers card products to purchase fuel, lodging, food, toll, transportation, and related services and products at participating locations. It has a 21.85 P/E ratio. The firm also offers telematics solution that allows fleet operators to monitor the capacity utilization and movement of vehicles and drivers; vehicle maintenance services; prepaid fuel and food vouchers, and cards; and workforce payment products related to public transportation and toll vouchers.

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

Among 3 analysts covering Fleetcor Technologies (NYSE:FLT), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Fleetcor Technologies had 3 analyst reports since July 20, 2018 according to SRatingsIntel. The stock of FleetCor Technologies, Inc. (NYSE:FLT) has “Overweight” rating given on Friday, August 3 by Morgan Stanley. Citigroup maintained FleetCor Technologies, Inc. (NYSE:FLT) on Friday, July 20 with “Buy” rating.

More notable recent FleetCor Technologies, Inc. (NYSE:FLT) news were published by: Globenewswire.com which released: “Update: Lawsuit for Investors in shares of FleetCor Technologies, Inc. (NYSE: FLT) announced by Shareholders Foundation – GlobeNewswire” on May 22, 2018, also Seekingalpha.com with their article: “FleetCor Technologies: A Solid Growth Story – Seeking Alpha” published on August 13, 2018, Streetinsider.com published: “Lone Pine Capital Enters Dollar Tree (DLTR), Square (SQ), T-Mobile (TMUS) (more…) – 13F – StreetInsider.com” on November 14, 2018. More interesting news about FleetCor Technologies, Inc. (NYSE:FLT) were released by: Fool.com and their article: “Why General Motors’ Stock Is Down 14% So Far in 2018 – Motley Fool” published on November 14, 2018 as well as Seekingalpha.com‘s news article titled: “Daily Graph: Exceptional Compounder FleetCor Technologies – Seeking Alpha” with publication date: November 29, 2018.

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

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