Comerica Bank Cuts Position in Albemarle Co. (NYSE:ALB)

Lester Mason
March 9, 2018

The stock had a trading volume of 808,071 shares, compared to its average volume of 2,638,906.

Several research analysts recently issued reports on ALB shares. Guild Investment Management Inc who had been investing in Albemarle Corp for a number of months, seems to be bullish on the $11.07 billion market cap company. The stock decreased 0.28% or $0.34 during the last trading session, reaching $121.51.

Albemarle (NYSE:ALB) announced its quarterly earnings data on Tuesday, February 27th. It has outperformed by 28.90% the S&P500. Jag Capital Management Llc sold 38,811 shares as the company's stock rose 20.02% with the market. The institutional investor held 37,746 shares of the steel and iron ore company at the end of 2017Q3, valued at $2.12 million, down from 54,774 at the end of the previous reported quarter. Advisory Services Network Llc who had been investing in Starbucks Corp for a number of months, seems to be less bullish one the $80.16B market cap company. The stock decreased 1.36% or $0.15 during the last trading session, reaching $10.9. About 93,057 shares traded. It has outperformed by 5.04% the S&P500. The Texas-based Next Financial Group Inc has invested 0.01% in the stock. Its down 0.12, from 1.13 in 2017Q2.

10-15 Associates Inc, which manages about $592.54M and $395.85M US Long portfolio, upped its stake in Verizon Communications Inc (NYSE:VZ) by 8,292 shares to 596,766 shares, valued at $29.53M in 2017Q3, according to the filing. 59 funds opened positions while 196 raised stakes. Wealthfront owns 32,701 shares. The company has market cap of 303.70 million GBP. Nordea Inv Mgmt owns 6,196 shares. The Bermuda-based Fil has invested 0.07% in Visa Inc. Alps Inc has 8,797 shares. Oak Ridge Ltd Liability Com has invested 0.03% in The Boeing Company (NYSE:BA). Investment Counsel reported 0.18% of its portfolio in Nucor Corporation (NYSE:NUE). Guggenheim Capital Ltd Liability holds 0.22% or 894,632 shares. Mairs And Pwr has invested 0.01% in The Boeing Company (NYSE:BA). Andra Ap owns 80,900 shares. Royal Natl Bank Of Canada stated it has 199,574 shares.

Since January 31, 2018, it had 0 insider purchases, and 1 insider sale for $9.28 million activity. (NYSE:GPS) on Friday, August 18 with "Sell" rating. Inc. raised its stake in Albemarle by 650.0% in the third quarter. Cypress Capital Group Incorporated reported 3,406 shares or 0.1% of all its holdings. The specialty chemicals company reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.13.

Among 19 analysts covering Nucor Corporation (NYSE:NUE), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 70% are positive. Nucor Corporation had 80 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Thursday, May 12 by Jefferies. RBC Capital Markets has "Buy" rating and $149.0 target. The company was maintained on Thursday, November 9 by Oppenheimer. The consensus rating is 2.3, suggesting the market has given up on the stock. Citigroup upgraded the shares of ALB in report on Monday, November 2 to "Buy" rating. The company was maintained on Monday, September 18 by KeyBanc Capital Markets. In this case performance of tends to percentage rate of return for a stock for a given time frame. The rating was maintained by Scotia Capital on Friday, August 28 with "Sector Perform". As per Monday, September 25, the company rating was downgraded by Robert W. Baird. It also reduced its holding in Us Bancorp Del (Put) (NYSE:USB) by 214,489 shares in the quarter, leaving it with 5,300 shares, and cut its stake in Best Buy Inc (NYSE:BBY).

Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.05, from 0.86 in 2017Q2. The number of shares now owned by investors are 111.65 mln. 77 funds opened positions while 161 raised stakes. Franklin Res holds 9.12 million shares or 0.61% of its portfolio. Gulf Intll Fincl Bank (Uk) Ltd holds 0.06% or 35,109 shares. Invesco Ltd owns 0.02% invested in Albemarle Corporation (NYSE:ALB) for 427,715 shares. 5,000 are owned by Associates.

Albemarle (NYSE ALB) traded up $2.53 during mid-day trading on Tuesday, hitting $114.77. Ny State Common Retirement Fund has invested 0.06% in Albemarle Corporation (NYSE:ALB). 1,712 shares were sold by Biggar Lynne, worth $205,440 on Wednesday, February 14. Jefferies Ltd Liability invested 0.01% in Albemarle Corporation (NYSE:ALB). Fred Alger, a New York-based fund reported 132 shares. Finally, Global X Management Co. Fairfield Bush & reported 2,000 shares. Jennison Limited Liability reported 1.09% of its portfolio in Albemarle Corporation (NYSE:ALB). Electron Capital Partners Llc acquired 27,187 shares as Albemarle Corp (ALB)'s stock rose 20.02%.

GNC Holdings, Inc. (NYSE:GNC) closed up +0.02 points or 0.46% at $4.33 with 1.78 mln shares exchanging hands.

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