Albemarle Corp (ALB) Market Value Rose While Horseman Capital Management LTD Has Cut Position

June 19, 2017 - By Kurt Siggers

Investors sentiment is 1.1 in Q4 2016. Its the same as in 2016Q3. It is the same, as 39 investors sold ALB shares while 139 reduced holdings. only 57 funds opened positions while 139 raised stakes. 93.49 million shares or 0.19% more from 93.32 million shares in 2016Q3 were reported. Adage Cap Ptnrs Group Inc Ltd reported 830,000 shares. Penn Management Company holds 0.09% or 346,518 shares. Strs Ohio reported 9,109 shares or 0% of all its holdings. Pub Employees Retirement Association Of Colorado holds 0.02% in Albemarle Corporation (NYSE:ALB) or 23,973 shares. 1.05M were reported by Geode Cap Ltd Llc. Wellington Shields Cap Mgmt Limited Liability Company accumulated 7,000 shares or 0.1% of the stock. Asset Mgmt One holds 0.04% of its portfolio in Albemarle Corporation (NYSE:ALB) for 193,179 shares. Systematic Finance Mgmt Limited Partnership invested in 181,273 shares or 0.25% of the stock. Point72 Asset LP owns 147,600 shares. New York State Teachers Retirement Sys stated it has 167,241 shares. Old Mutual Customised Solutions (Proprietary) invested 0.05% in Albemarle Corporation (NYSE:ALB). Quantitative Invest Mgmt Ltd Liability Corporation holds 0.26% or 122,100 shares in its portfolio. Kanawha Cap Mgmt Limited Liability Company holds 0.06% or 3,973 shares. Egerton Capital (Uk) Llp accumulated 1.71 million shares or 1.79% of the stock. Paloma Prtnrs, Connecticut-based fund reported 8,647 shares.

Since January 6, 2017, it had 0 insider buys, and 6 insider sales for $1.26 million activity. KISSAM LUTHER C IV had sold 2,542 shares worth $229,949 on Friday, January 6. NARWOLD KAREN G also sold $35,511 worth of Albemarle Corporation (NYSE:ALB) shares. Shares for $95,785 were sold by Tozier Scott.

John Horseman decreased its stake in Albemarle Corp (ALB) by 51.59% based on its latest 2016Q4 regulatory filing with the SEC. Horseman Capital Management Ltd sold 45,400 shares as the company’s stock rose 20.02% with the market. The hedge fund run by John Horseman held 42,600 shares of the major chemicals company at the end of 2016Q4, valued at $3.67 million, down from 88,000 at the end of the previous reported quarter. Horseman Capital Management Ltd who had been investing in Albemarle Corp for a number of months, seems to be less bullish one the $12.20B market cap company. It closed at $108.09 lastly. It is down 45.60% since June 19, 2016 and is uptrending. It has outperformed by 28.90% the S&P500.

Wall Street await Albemarle Corporation (NYSE:ALB) to release earnings on August, 2. Analysts forecast earnings per share of $1.03, down exactly $0.06 or 5.50 % from 2014’s $1.09 EPS. The expected ALB’s profit could reach $116.25 million giving the stock 26.24 P/E in the case that $1.03 earnings per share is reported. After posting $1.05 EPS for the previous quarter, Albemarle Corporation’s analysts now forecast -1.90 % negative EPS growth.

More recent Albemarle Corporation (NYSE:ALB) news were published by: Zacks.com which released: “Albemarle Hits New 52-Week High: What’s Driving the Stock?” on June 02, 2017. Also Nasdaq.com published the news titled: “Is Albemarle (ALB) Stock a Solid Choice Right Now?” on May 23, 2017. Seekingalpha.com‘s news article titled: “Let This Leading Lithium Producer Recharge Your Portfolio” with publication date: May 29, 2017 was also an interesting one.

Albemarle Corporation (NYSE:ALB) Ratings Coverage

Among 14 analysts covering Albemarle Corporation (NYSE:ALB), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Albemarle Corporation had 32 analyst reports since August 7, 2015 according to SRatingsIntel. Robert W. Baird upgraded Albemarle Corporation (NYSE:ALB) on Tuesday, January 17 to “Outperform” rating. As per Thursday, March 10, the company rating was downgraded by Seaport Global. The stock of Albemarle Corporation (NYSE:ALB) earned “Outperform” rating by RBC Capital Markets on Friday, March 17. Suntrust Robinson upgraded Albemarle Corporation (NYSE:ALB) on Friday, August 7 to “Buy” rating. Jefferies maintained Albemarle Corporation (NYSE:ALB) on Thursday, May 12 with “Buy” rating. Jefferies maintained Albemarle Corporation (NYSE:ALB) on Tuesday, December 29 with “Buy” rating. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, March 1. On Monday, November 2 the stock rating was upgraded by Citigroup to “Buy”. The rating was initiated by UBS on Wednesday, November 11 with “Neutral”. The rating was maintained by Citigroup on Tuesday, August 9 with “Buy”.

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