As Azz (AZZ) Share Value Were Volatile, Chatham Capital Group Raised Stake by $337,980; Newpark Resources (NR) Shareholder Oslo Asset Management Asa Decreased Its Holding as Valuation Rose

June 13, 2018 - By Louis Casey

Newpark Resources, Inc. (NYSE:NR) Logo

Oslo Asset Management Asa decreased its stake in Newpark Resources Inc (NR) by 7.91% based on its latest 2018Q1 regulatory filing with the SEC. Oslo Asset Management Asa sold 224,000 shares as the company’s stock rose 22.54% while stock markets declined. The institutional investor held 2.61 million shares of the energy company at the end of 2018Q1, valued at $21.13 million, down from 2.83 million at the end of the previous reported quarter. Oslo Asset Management Asa who had been investing in Newpark Resources Inc for a number of months, seems to be less bullish one the $919.90 million market cap company. The stock decreased 0.96% or $0.1 during the last trading session, reaching $10.3. About 366,391 shares traded. Newpark Resources, Inc. (NYSE:NR) has risen 40.40% since June 13, 2017 and is uptrending. It has outperformed by 27.83% the S&P500. Some Historical NR News: 14/03/2018 – Newpark Announces 25 First-Place Rankings In Annual EnergyPoint Research Customer Satisfaction Survey; 10/04/2018 – Newpark Resources Closes Above 200-Day Moving Average; 21/05/2018 – NEWPARK RESOURCES INC – ANTHONY J. BEST HAS BEEN NAMED CHAIRMAN OF BOARD EFFECTIVE MAY 17, 2018, SUCCEEDING DAVID C. ANDERSON; 26/04/2018 – NEWPARK RESOURCES 1Q REV. $227.3M, EST. $223.0M; 26/04/2018 – NEWPARK RESOURCES 1Q ADJ EPS 8.0C; 23/04/2018 – DJ Newpark Resources Inc, Inst Holders, 1Q 2018 (NR); 21/05/2018 – Newpark Resources Announces New Chairman; 04/04/2018 – Newpark Resources Announces Planned General Counsel Succession; 21/05/2018 – Newpark Resources Announces Anthony J. Best Named as New Chairman; 24/04/2018 – Newpark Resources Forms Golden Cross: Technicals




Chatham Capital Group Inc increased its stake in Azz Inc (AZZ) by 43.38% based on its latest 2018Q1 regulatory filing with the SEC. Chatham Capital Group Inc bought 7,860 shares as the company’s stock 0.00% . The institutional investor held 25,980 shares of the building products company at the end of 2018Q1, valued at $1.14M, up from 18,120 at the end of the previous reported quarter. Chatham Capital Group Inc who had been investing in Azz Inc for a number of months, seems to be bullish on the $1.17B market cap company. The stock increased 1.01% or $0.45 during the last trading session, reaching $45. About 150,903 shares traded or 9.39% up from the average. AZZ Inc. (NYSE:AZZ) has declined 21.10% since June 13, 2017 and is downtrending. It has underperformed by 33.67% the S&P500. Some Historical AZZ News: 19/04/2018 – AZZ Inc. Completes Restatement of Form 10-K for Fiscal Year 2017 and the Company’s Quarterly Reports on Form 10-Q for the First and Second Quarters of Fiscal Year 2018; 15/05/2018 – AZZ INC – BOOKINGS FOR FISCAL 2018 WERE $746.5 MLN, COMPARED TO $858.9 MLN FOR PRIOR YEAR, A DECREASE OF 13.1%; 15/05/2018 – AZZ Inc 4Q EPS 90c; 15/05/2018 – AZZ INC AZZ.N SEES FY 2019 REVENUE $900 MLN TO $960 MLN; 08/03/2018 – Glancy Prongay & Murray LLP Commences Investigation on Behalf of AZZ Inc. Investors (AZZ); 29/03/2018 – AZZ – FINANCIAL REPORTS IN CO’S QTRLY REPORTS FOR QTRS ENDED MAY 31, 2017 & AUG 31, 2017 SHOULD NO LONGER BE RELIED UPON DUE TO ACCOUNTING ERROR; 10/05/2018 – AZZ Inc. to Review Third Quarter, Fourth Quarter, and Full Fiscal Year 2018 Financial Results on Tuesday, May 15, 2018; 23/04/2018 – DJ AZZ Inc, Inst Holders, 1Q 2018 (AZZ); 29/03/2018 – AZZ to Restate 10-K for Year Ended Feb 28, 2017; 29/03/2018 – AZZ: Relevant Periods Should No Longer Be Relied Upon Due to Accounting Erro

Investors sentiment decreased to 1.15 in Q1 2018. Its down 0.13, from 1.28 in 2017Q4. It dropped, as 15 investors sold AZZ shares while 38 reduced holdings. 11 funds opened positions while 50 raised stakes. 24.44 million shares or 3.61% more from 23.59 million shares in 2017Q4 were reported. Moreover, Great West Life Assurance Company Can has 0% invested in AZZ Inc. (NYSE:AZZ) for 34,653 shares. Eagle Boston Inv owns 87,783 shares or 0.38% of their US portfolio. Moreover, Loews has 0.03% invested in AZZ Inc. (NYSE:AZZ) for 110,906 shares. Goldman Sachs Grp Incorporated holds 81,485 shares. Credit Suisse Ag holds 30,569 shares. Northern Corp accumulated 352,580 shares. Aristotle Capital Boston Ltd Llc reported 221,291 shares or 0.45% of all its holdings. First Trust Advsrs Ltd Partnership owns 145,091 shares for 0.01% of their portfolio. Ghp Invest Advisors invested 0.07% of its portfolio in AZZ Inc. (NYSE:AZZ). Gamco Invsts Et Al owns 54,100 shares. Legal & General Public Limited Com holds 52,236 shares. Public Sector Pension Inv Board holds 0.01% of its portfolio in AZZ Inc. (NYSE:AZZ) for 16,389 shares. Victory Cap reported 727,787 shares stake. Parametric Port Associates Llc, a Washington-based fund reported 29,259 shares. Advisors Asset Mgmt reported 905 shares.

More recent AZZ Inc. (NYSE:AZZ) news were published by: Seekingalpha.com which released: “AZZ incorporated 2018 Q4 – Results – Earnings Call Slides” on May 15, 2018. Also Bizjournals.com published the news titled: “Exclusive: Fort Worth company expedites growth with new facility” on May 24, 2018. Seekingalpha.com‘s news article titled: “AZZ’s (AZZ) CEO Tom Ferguson on Q3 Q4 2018 Results – Earnings Call Transcript” with publication date: May 15, 2018 was also an interesting one.

Chatham Capital Group Inc, which manages about $394.80M and $371.90M US Long portfolio, decreased its stake in Vanguard Scottsdale Fds (VCSH) by 36,555 shares to 343,311 shares, valued at $26.93 million in 2018Q1, according to the filing. It also reduced its holding in Cognex Corp (NASDAQ:CGNX) by 33,490 shares in the quarter, leaving it with 4,150 shares, and cut its stake in Costar Group Inc (NASDAQ:CSGP).

Among 3 analysts covering AZZ (NYSE:AZZ), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. AZZ had 10 analyst reports since September 1, 2015 according to SRatingsIntel. Stifel Nicolaus maintained AZZ Inc. (NYSE:AZZ) on Friday, May 18 with “Hold” rating. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, September 27. On Friday, July 7 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm earned “Hold” rating on Tuesday, January 10 by Stifel Nicolaus. The rating was downgraded by Stifel Nicolaus on Thursday, December 8 to “Sell”. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, September 7 report. Stifel Nicolaus initiated AZZ Inc. (NYSE:AZZ) on Monday, March 28 with “Hold” rating. The rating was downgraded by BB&T Capital on Monday, January 11 to “Hold”. The firm earned “Neutral” rating on Monday, October 12 by Sidoti. The firm has “Buy” rating given on Tuesday, September 1 by Zacks.

Investors sentiment increased to 1.42 in Q1 2018. Its up 0.34, from 1.08 in 2017Q4. It improved, as 9 investors sold NR shares while 53 reduced holdings. 30 funds opened positions while 58 raised stakes. 82.87 million shares or 4.21% less from 86.52 million shares in 2017Q4 were reported. Bridgeway Capital Incorporated reported 152,500 shares. Prescott Gru Management Ltd Llc reported 0.13% stake. Proshare Ltd invested in 13,529 shares or 0% of the stock. Piermont Capital stated it has 0.63% in Newpark Resources, Inc. (NYSE:NR). Kbc Gp Nv invested 0.01% in Newpark Resources, Inc. (NYSE:NR). Partners Limited Liability reported 0.01% in Newpark Resources, Inc. (NYSE:NR). Ls Inv Advisors Ltd Limited Liability Company owns 2,545 shares for 0% of their portfolio. Wells Fargo & Co Mn holds 1.35M shares or 0% of its portfolio. Switzerland-based Swiss Bank has invested 0% in Newpark Resources, Inc. (NYSE:NR). Nj State Employees Deferred Compensation Plan owns 0.14% invested in Newpark Resources, Inc. (NYSE:NR) for 100,000 shares. Tieton Management Ltd has invested 3.94% in Newpark Resources, Inc. (NYSE:NR). Ironwood Invest Mgmt Ltd Com owns 70,491 shares. Campbell And Investment Adviser Limited has 12,254 shares. Prudential Fincl, a New Jersey-based fund reported 145,299 shares. Element Cap Ltd accumulated 13,945 shares.

Among 7 analysts covering Newpark Resources (NYSE:NR), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Newpark Resources had 14 analyst reports since September 4, 2015 according to SRatingsIntel. The company was maintained on Thursday, January 11 by Cowen & Co. Cowen & Co maintained Newpark Resources, Inc. (NYSE:NR) rating on Friday, July 7. Cowen & Co has “Hold” rating and $800 target. The stock of Newpark Resources, Inc. (NYSE:NR) earned “Outperform” rating by Credit Suisse on Wednesday, June 1. The stock of Newpark Resources, Inc. (NYSE:NR) earned “Buy” rating by Loop Capital on Thursday, January 5. The stock of Newpark Resources, Inc. (NYSE:NR) has “Buy” rating given on Monday, March 5 by Johnson Rice. Capital One upgraded Newpark Resources, Inc. (NYSE:NR) rating on Wednesday, June 15. Capital One has “Overweight” rating and $6 target. The firm earned “Outperform” rating on Monday, July 18 by Credit Suisse. Credit Suisse maintained the stock with “Neutral” rating in Friday, September 4 report. The rating was upgraded by Tudor Pickering on Monday, May 2 to “Buy”. The stock of Newpark Resources, Inc. (NYSE:NR) earned “Market Perform” rating by Cowen & Co on Thursday, January 19.

More news for Newpark Resources, Inc. (NYSE:NR) were recently published by: Streetinsider.com, which released: “Newpark Resources (NR) Names Anthony J. Best as Chairman” on May 21, 2018. Nasdaq.com‘s article titled: “Recent Analysis Shows Liberty Broadband, Primerica, Adtalem Global Education, Newpark Resources, Varian Medical …” and published on May 15, 2018 is yet another important article.

Since February 21, 2018, it had 0 insider purchases, and 8 insider sales for $4.64 million activity. Another trade for 18,913 shares valued at $198,959 was sold by LANIGAN MATTHEW. Another trade for 127,250 shares valued at $1.32 million was sold by AIROLA MARK J. 43,750 shares valued at $459,253 were sold by Smith Bruce Campbell on Friday, May 4. $205,280 worth of Newpark Resources, Inc. (NYSE:NR) was sold by Anderson David C on Thursday, May 3. Piontek Gregg also sold $540,908 worth of Newpark Resources, Inc. (NYSE:NR) on Wednesday, May 2.

Newpark Resources, Inc. (NYSE:NR) Institutional Positions Chart

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