Platform Specialty Products Corporation (PAH) on Focus After Forming Wedge Down Pattern

Lloyd Doyle
December 15, 2017

First Trust Advisors LP now owns 553,237 shares of the specialty chemicals company's stock worth $7,015,000 after buying an additional 184,273 shares in the last quarter. The 7 months wedge indicates high risk for the $2.75 billion company.

Looking into last 5 trades, the stock observed a return of nearly -1.66%. About 1.98 million shares traded. It has outperformed by 31.53% the S&P500.

Pcj Investment Counsel Ltd increased Enbridge Inc. Timucuan Asset Management Inc bought 400,382 shares as the company's stock declined 1.43% while stock markets rallied. The corporation has a market cap of US$7.07 Billion. The stock decreased 0.40% or $0.085 during the last trading session, reaching $21.155. About 13.59 million shares traded or 73.59% up from the average. Hanesbrands Inc. (NYSE:HBI) has declined 23.23% since December 14, 2016 and is downtrending.

There are 236 institutional holders with active positions, accounting for 273.06 million shares in total. The ROIC 5 year average is 0.226163 and the ROIC Quality ratio is 1.963559. Therefore 53% are positive.

Platform Specialty Products (NYSE:PAH) last released its quarterly earnings data on Thursday, November 2nd. The rating was maintained by Needham on Wednesday, April 26 with "Hold". The firm earned "Buy" rating on Monday, August 22 by Roth Capital. On Monday, September 18 the stock rating was upgraded by SunTrust to "Buy". Morgan Stanley initiated Platform Specialty Products Corporation (NYSE:PAH) on Monday, January 30 with "Equal-Weight" rating. BMO Capital Markets maintained The Walt Disney Company (NYSE:DIS) rating on Monday, May 15. Credit Suisse has "Neutral" rating and $10 target.

Investors sentiment increased to 1.37 in Q2 2017. Its the same as in 2017Q1.

Platform Specialty Products Corporation (NYSE:PAH) shares were trading lower by -0.53 percent ($-0.05) at $9.46 a piece in Wednesday's session. (NYSE:UAL). The number of shares transacted for the day under observation was 2.82 million contracts. The other 15 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. After $0.17 actual earnings per share reported by Platform Specialty Products Corporation for the previous quarter, Wall Street now forecasts 41.18 % EPS growth.

Platform Specialty Products Corporation (NYSE:PAH) has seen its stock price gain 0.35, or -3.57%, so far in 2017. Quantbot Limited Partnership invested in 10,228 shares or 0.01% of the stock. Reynders Mcveigh Mgmt Llc reported 2.83% in The Walt Disney Company (NYSE:DIS). American Century Cos Inc reported 175,936 shares or 0% of all its holdings. Wells Fargo & Mn stated it has 305,728 shares or 0% of all its holdings. After going under observation of traders 1.95 million shares traded at hands. Of those insider trades, 0 shares of Platform Specialty Products Corporation were purchased and 6.71 million shares were sold. Platform Specialty Products Corporation has a twelve month low of $9.11 and a twelve month high of $14.82. Platform Specialty Products Corporation (NYSE:PAH) has risen 48.23% since December 14, 2016 and is uptrending. During the same period in the prior year, the company posted $0.14 earnings per share. PAH's profit will be $68.91M for 9.94 P/E if the $0.24 EPS becomes a reality. Platform Specialty Products Corporation had 25 analyst reports since August 17, 2015 according to SRatingsIntel. Therefore 83% are positive. Credit Suisse Group assumed coverage on Platform Specialty Products in a research report on Wednesday, November 15th. As per Thursday, November 2, the company rating was maintained by Barclays Capital. The rating was downgraded by Bernstein to "Market Perform" on Thursday, August 20.

One of the trending stocks on Tuesday was United Continental Holdings, Inc. (NYSE:HBI) earned "Hold" rating by Stifel Nicolaus on Friday, February 3. The stock remained 6.15% unpredictable for the week and 5.71% for the month. The stock has "Buy" rating by Nomura on Tuesday, June 13.

ATR remains at 0.49 while Beta component of the stock stands at 1.21. That activity is comparable to their recent volume average trend of almost 2.83 million shares which they recorded over a period of three months. 108 funds opened positions while 638 raised stakes. 330.33 million shares or 2.78% more from 321.38 million shares in 2017Q1 were reported. Citigroup Inc holds 25,045 shares. (NASDAQ:MU). Axa invested 0.37% in Micron Technology, Inc. Anchor Ltd Com has 0.01% invested in The Walt Disney Company (NYSE:DIS). (NYSE:HBI) for 29,368 shares. It also reduced its holding in Ishares Short Treasury Bond Etf (SHV) by 10,646 shares in the quarter, leaving it with 3,781 shares, and cut its stake in Palo Alto Networks (NYSE:PANW). South Dakota Inv Council holds 0.06% or 114,000 shares. Gamco Et Al, a New York-based fund reported 65,000 shares. Amica Pension Fund Board Of Trustees holds 52,240 shares. Gam Ag has invested 0.39% of its portfolio in The Walt Disney Company (NYSE:DIS). Robeco Institutional Asset Management Bv accumulated 42,745 shares. Point72 Asia (Hong Kong) Ltd invested in 1,704 shares. Sit Invest Associate has invested 0.78% in The Walt Disney Company (NYSE:DIS).

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