Credicorp LTD (BAP) Holder Pacific Alternative Asset Management Company LLC Has Cut Its Position as Share Price Rose

February 15, 2018 - By Stephen Andrade

Pacific Alternative Asset Management Company Llc decreased its stake in Credicorp Ltd (BAP) by 32.38% based on its latest 2017Q3 regulatory filing with the SEC. Pacific Alternative Asset Management Company Llc sold 21,856 shares as the company’s stock rose 3.78% with the market. The hedge fund held 45,644 shares of the commercial banks company at the end of 2017Q3, valued at $9.36M, down from 67,500 at the end of the previous reported quarter. Pacific Alternative Asset Management Company Llc who had been investing in Credicorp Ltd for a number of months, seems to be less bullish one the $17.65B market cap company. The stock increased 0.87% or $1.9142 during the last trading session, reaching $222.1442. About 92,454 shares traded. Credicorp Ltd. (NYSE:BAP) has risen 23.51% since February 15, 2017 and is uptrending. It has outperformed by 6.81% the S&P500.

Pacific Alternative Asset Management Company Llc, which manages about $15.88 billion and $913.16M US Long portfolio, upped its stake in Nexstar Media Group Inc (NASDAQ:NXST) by 156,987 shares to 444,545 shares, valued at $27.70M in 2017Q3, according to the filing. It also increased its holding in Spdr S&P 500 Etf Tr (Put) (SPY) by 59,300 shares in the quarter, for a total of 212,400 shares, and has risen its stake in Ishares Inc (EWZ).

More important recent Credicorp Ltd. (NYSE:BAP) news were published by: Benzinga.com which released: “Earnings Scheduled For February 5, 2018” on February 05, 2018, also Seekingalpha.com published article titled: “The Invesco Developing Markets Fund Is A Top-Flight Fund”, Benzinga.com published: “Earnings Scheduled For August 7, 2017” on August 07, 2017. More interesting news about Credicorp Ltd. (NYSE:BAP) was released by: Investorplace.com and their article: “7 Bank Stocks That Will Crush the Market in 2017” with publication date: December 09, 2016.

Credicorp Ltd. (NYSE:BAP) Ratings Coverage

Among 9 analysts covering Credicorp LTD (NYSE:BAP), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Credicorp LTD had 12 analyst reports since September 11, 2015 according to SRatingsIntel. The company was maintained on Thursday, August 11 by JP Morgan. The stock of Credicorp Ltd. (NYSE:BAP) has “Neutral” rating given on Friday, September 29 by Citigroup. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, September 21 report. UBS maintained the stock with “Buy” rating in Tuesday, August 15 report. On Tuesday, March 15 the stock rating was initiated by Scotia Capital with “Outperform”. The firm earned “Overweight” rating on Tuesday, March 15 by Barclays Capital. The firm earned “Overweight” rating on Friday, September 11 by Morgan Stanley. Santander downgraded the shares of BAP in report on Thursday, March 24 to “Hold” rating. The company was downgraded on Monday, November 13 by HSBC.

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