Economy

Time To Sell Albemarle Corp (NYSE:ALB)? Goldman Sachs Downgrades Shares Today

Time To Sell Albemarle Corp (NYSE:ALB)? Goldman Sachs Downgrades Shares Today

In the past 3-month period alone, shares of ALB have appreciated +8.82 - or +7.43%. The stock decreased 1.36% or $1.8 during the last trading session, reaching $130.35. Otonomy, Inc. (NASDAQ:OTIC) has risen 14.63% since December 5, 2016 and is uptrending. It has outperformed by 19.10% the S&P500.

Luminus Management Llc decreased Albemarle Corp (ALB) stake by 17.12% reported in 2017Q2 SEC filing. The Luminus Management Llc holds 95,569 shares with $10.09 million value, down from 115,316 last quarter. The total number of shares traded in the last 12 months is 203,749.

The stock of Albemarle Corporation (NYSE:ALB) registered a decrease of 17.46% in short interest. It has outperformed by 28.90% the S&P500. Zacks Investment Research raised Albemarle from a "hold" rating to a "buy" rating and set a $118.00 price target for the company in a research report on Tuesday, April 4th. Therefore 42% are positive.

Analysts await Otonomy, Inc. The rating was downgraded by SunTrust on Wednesday, August 9 to "Hold". As per Tuesday, January 19, the company rating was maintained by Credit Suisse. UBS maintained it with "Neutral" rating and $84 target in Thursday, August 4 report. The company was maintained on Thursday, June 30 by Stifel Nicolaus. Jefferies maintained Albemarle Corporation (NYSE:ALB) rating on Tuesday, December 29. Stifel Nicolaus maintained Blackbaud, Inc. The stock has "Buy" rating by Oppenheimer on Wednesday, August 16. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.11 and a quick ratio of 1.56. 132 funds opened positions while 703 raised stakes. Finally, TIAA CREF Investment Management LLC raised its holdings in Albemarle by 69.2% during the second quarter. Sector Pension Investment Board accumulated 12,400 shares. Cantab Capital Ptnrs Llp holds 0% or 5,211 shares. Cap has 792,493 shares. Fiduciary Fincl Of The Southwest Inc Tx reported 2,970 shares or 0.1% of all its holdings. Dubuque Bancorp And Trust Co invested in 0% or 15 shares. Synovus invested 0.73% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). (NASDAQ:OTIC). Citigroup owns 0% invested in Otonomy, Inc. (NASDAQ:BLKB) for 75,600 shares. Fifth Third Fincl Bank holds 0.06% or 82,687 shares in its portfolio. Lombard Odier Asset Mgmt (Switzerland) Sa accumulated 12,913 shares or 0.16% of the stock.

Picton Mahoney Asset Management lowered its position in shares of Albemarle Co. The company has a market cap of $14,142.33, a PE ratio of 31.68, a PEG ratio of 1.94 and a beta of 1.69. With 15.0% growth Year on Year set for over five year period Albemarle Corporation has enough growth left to justify 45.65 PE. The firm offers Raiser's Edge NXT and Blackbaud CRM, which are fundraising and relationship management solutions; Luminate CRM for campaign management, constituent relations, business intelligence, and analytics; eTapestry, a cloud fundraising and donor management solution; and everydayhero, a cloud crowdfundraising solution. Hudson Valley Inv Advisors Inc Adv reported 0.06% of its portfolio in Albemarle Corporation (NYSE:ALB). Therefore 50% are positive.

The average Wall Street analyst rating for Albemarle Corporation is Hold, according to the average of 17 analyst scores. As per Thursday, March 10, the company rating was downgraded by Seaport Global. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The firm earned "Neutral" rating on Monday, September 25 by Robert W. Baird. Jefferies maintained the shares of ALB in report on Monday, October 23 with "Buy" rating.

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In a note made public on 6 October, Goldman Sachs revealed that they have chose to downgrade shares of Albemarle Corp (NYSE:ALB) to a Hold. (NASDAQ:OTIC) has "Hold" rating given on Thursday, November 9 by Piper Jaffray. Albemarle Co. has a twelve month low of $85.41 and a twelve month high of $144.99. The firm has "Buy" rating given on Monday, November 2 by Citigroup. Jennison Associates LLC now owns 7,797,076 shares of the specialty chemicals company's stock worth $1,062,819,000 after acquiring an additional 1,375,546 shares in the last quarter. Friess Associates Ltd stated it has 1.66% of its portfolio in Albemarle Corporation (NYSE:ALB).

Investors sentiment increased to 1.25 in 2017 Q2. This represents a $1.28 annualized dividend and a dividend yield of 0.99%.

The most recent non open market insider trade was completed by TAGGART HARRIETT TEE on 11/21/2017, and was a disposition of 2,500 shares with a final price of $0. Great West Life Assurance Can owns 4,908 shares. Eaton Vance owns 93,204 shares. Cambridge reported 3,660 shares stake.

Shares of MasTec, Inc. They expect $1.18 EPS, up 51.28% or $0.40 from last year's $0.78 per share. Strs Ohio has 8,984 shares for 0% of their portfolio. Virtus Invest Advisers has 0.13% invested in Albemarle Corporation (NYSE:ALB). Capital Innovations Ltd Com, Wisconsin-based fund reported 4,460 shares. Germany-based Dekabank Deutsche Girozentrale has invested 0.01% in Albemarle Corporation (NYSE:ALB). Hap Trading Lc holds 0.06% in Albemarle Corporation (NYSE:ALB) or 11,397 shares.

Kingdon Capital Management Llc increased Ishares Tr (Put) (HYG) stake by 350,000 shares to 500,000 valued at $44.20M in 2017Q2. Spdr S&P 500 Etf Trust (SPY) was reduced too.


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