
The absence of a Winter Response to Homelessness this year means more Londoners endured this week’s snowstorm in tents and make-shift shelters. Trudging through the snow on his way out of the encampment in Watson Park, 34-year-old Charles is spending his first full winter unhoused. He admitted to worrying about frostbite or even freezing to death, “Yeah, yesterday it was so windy. On my face I had a snowball in my beard.” A man named JT is staying in a friend’s make-shift shelter after his tent collapsed under the weight of the snow— temporarily trapping him inside. “I'm scared this winter because this is a lot harder than it usually is,” he told CTV News. Frontline agencies are being stretched thin trying to respond to the need. At Ark Aid Street Mission, the storm caused an early surge in demand for basic winter needs. Shelter beds operated by Ark Aid Street Mission on William Street, seen on May 3, 2024. (Daryl Newcombe/CTV News London) “It's been extremely busy with people coming in, many without appropriate footwear, without gloves, without hats and the basics to just take care of themselves outside,” Executive Director Sarah Campbell explained that critical supplies are running out. “Many who are coming for indoor space we've had to turn away these last couple of days (because the shelter is full). It's been particularly heartbreaking.” And those 30 overnight spaces operating inside The Ark at 696 Dundas St. are in jeopardy of closing if the agency doesn’t raise $600,000 this month. Recently, city council decided that government funding to address homelessness will not be spent on additional shelter spaces if they are located on the main street of a Business Improvement Area (BIA). Campbell must rely on private donations to keep the beds open this winter. “We launched our Holiday Big Give last week at our 40th Anniversary Gala and raised $160,000,” she said. “Since we can’t use government dollars in our own building, that’s how we’re going to have to fund these indoor spaces.” In recent years, city hall has directed millions of dollars towards a Winter Response to Homelessness that expanded the number of temporary shelter beds, but in November city staff told council that just 12 to 15 additional spaces will open this year. In addition, the city waits until the Middlesex London Health Unit (MLHU) declares a Cold Weather Alert to open Warming Centres inside municipal buildings and libraries. The MLHU requires temperatures to drop below -15C, or -20C with windchill, before issuing an alert. The municipal policy does not account for large snowfalls like London experienced this week. When CTV News visited the large encampment inside Watson Park, the service road had not been snowplowed. An ambulance struggles to back out of an unmaintained service road that accesses the Watson Park homeless encampment, December 6, 2024 (Daryl Newcombe/CTV News London) With its lights flashing, an ambulance struggled to back its way out. “I know of two situations where we've had emergency response down here, and they walked down the hill,” JT recalled. “They couldn't come driving down here at all. It was [a] life and death situation. In an emailed statement to CTV News, city staff wrote, “over the last 24-48 hours services provided to individuals living unsheltered were maintained.” “Outreach workers managed to the best of their ability to visit encampments to provide meals, and support was provided when needed by road operators to clear snow for better access to people,” the statement added. Charles and JT said services need to be increased following a major storm - not simply maintained. “I think (council) needs a wake up call. I think they need to see what's going on,” said JT. “We're just out here trying to survive. Some of us don't even deserve to be out here,” said Charles. “Some of us are out here are not by choice - we're not bad people.” An unhoused man trudges through the snow in Watson Park, December 6, 2024 (Daryl Newcombe/CTV News London) The Ark has run out of winter coats, and other essentials are in short supply. “We need, more coats, more boots, more shoes, more gloves, hats, blankets, and pocket warmers,” Campbell explained. “Anything, to help people in these terrible times.” The Ark desperately needs the following winter basics to be dropped off at 696 Dundas Street: Financial donations to The Ark’s Holiday Big Give can be made by texting the word “Give” to (226) 612-6377. 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The key to preventing spindly seedlings is adequate light
Rick and Morty Pokes Fun at Voice Changes With 2025 Return Promo: WatchCerity Partners LLC grew its position in Confluent, Inc. ( NASDAQ:CFLT – Free Report ) by 28.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 35,129 shares of the company’s stock after buying an additional 7,705 shares during the period. Cerity Partners LLC’s holdings in Confluent were worth $716,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. William Blair Investment Management LLC purchased a new position in Confluent in the 2nd quarter worth approximately $193,403,000. Champlain Investment Partners LLC raised its stake in shares of Confluent by 72.2% in the third quarter. Champlain Investment Partners LLC now owns 10,700,846 shares of the company’s stock worth $218,083,000 after purchasing an additional 4,486,841 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Confluent by 28.4% during the second quarter. 1832 Asset Management L.P. now owns 7,617,100 shares of the company’s stock valued at $224,933,000 after purchasing an additional 1,684,100 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Confluent by 60.0% during the second quarter. Bank of New York Mellon Corp now owns 3,510,483 shares of the company’s stock valued at $103,665,000 after purchasing an additional 1,316,804 shares in the last quarter. Finally, Fiera Capital Corp bought a new stake in Confluent in the 3rd quarter worth about $21,127,000. Institutional investors own 78.09% of the company’s stock. Confluent Stock Up 1.1 % Shares of CFLT opened at $33.66 on Friday. The stock has a market capitalization of $11.04 billion, a PE ratio of -30.11 and a beta of 0.88. The company’s 50-day simple moving average is $25.40 and its 200-day simple moving average is $24.70. Confluent, Inc. has a 1 year low of $17.79 and a 1 year high of $35.07. The company has a debt-to-equity ratio of 1.17, a quick ratio of 4.24 and a current ratio of 4.24. Wall Street Analysts Forecast Growth Several research firms have issued reports on CFLT. Mizuho upped their target price on shares of Confluent from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on shares of Confluent from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. DA Davidson reiterated a “buy” rating and set a $30.00 target price on shares of Confluent in a research note on Wednesday, September 18th. JMP Securities restated a “market outperform” rating and issued a $40.00 price target on shares of Confluent in a research note on Tuesday, October 29th. Finally, UBS Group upped their price objective on Confluent from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Confluent presently has a consensus rating of “Moderate Buy” and an average price target of $31.23. Read Our Latest Stock Analysis on CFLT Insider Buying and Selling at Confluent In other Confluent news, insider Erica Schultz sold 63,729 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $27.40, for a total transaction of $1,746,174.60. Following the sale, the insider now owns 687,483 shares in the company, valued at approximately $18,837,034.20. This represents a 8.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Also, CMO Stephanie Buscemi sold 26,047 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $32.89, for a total transaction of $856,685.83. Following the sale, the chief marketing officer now directly owns 144,373 shares in the company, valued at $4,748,427.97. This represents a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last three months, insiders have sold 4,069,108 shares of company stock worth $116,165,158. 13.82% of the stock is owned by company insiders. About Confluent ( Free Report ) Confluent, Inc operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software. Featured Stories Five stocks we like better than Confluent Insider Trading – What You Need to Know Trinity Capital CEO on Leading Private Credit’s High-Yield Growth Where to Find Earnings Call Transcripts Lululemon Surges On Q3 Report: Analysts Step in To Support Market Best ESG Stocks: 11 Best Stocks for ESG Investing 10 Safe Investments with High Returns Want to see what other hedge funds are holding CFLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Confluent, Inc. ( NASDAQ:CFLT – Free Report ). 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