Ascend Capital Boosted Its Golar Lng LTD Bermuda (GLNG) Stake by $20.31 Million; As Albemarle (ALB) Share Value Declined, Frontier Capital Management Co Trimmed Stake by $477,774

April 22, 2018 - By Henry Gaston

Golar LNG Limited (NASDAQ:GLNG) Logo

Frontier Capital Management Co Llc decreased its stake in Albemarle Corporation (ALB) by 1.7% based on its latest 2017Q4 regulatory filing with the SEC. Frontier Capital Management Co Llc sold 3,762 shares as the company’s stock declined 27.74% with the market. The institutional investor held 217,000 shares of the major chemicals company at the end of 2017Q4, valued at $27.75M, down from 220,762 at the end of the previous reported quarter. Frontier Capital Management Co Llc who had been investing in Albemarle Corporation for a number of months, seems to be less bullish one the $10.82 billion market cap company. The stock decreased 0.85% or $0.84 during the last trading session, reaching $97.75. About 912,310 shares traded. Albemarle Corporation (NYSE:ALB) has declined 10.68% since April 22, 2017 and is downtrending. It has underperformed by 22.23% the S&P500.

Malcolm Fairbairn increased its stake in Golar Lng Ltd Bermuda (GLNG) by 67.51% based on its latest 2017Q4 regulatory filing with the SEC. Ascend Capital Llc bought 700,436 shares as the company’s stock declined 7.01% with the market. The hedge fund run by Malcolm Fairbairn held 1.74 million shares of the marine transportation company at the end of 2017Q4, valued at $51.81 million, up from 1.04 million at the end of the previous reported quarter. Ascend Capital Llc who had been investing in Golar Lng Ltd Bermuda for a number of months, seems to be bullish on the $3.28 billion market cap company. The stock increased 4.86% or $1.5 during the last trading session, reaching $32.39. About 4.11 million shares traded or 281.17% up from the average. Golar LNG Limited (NASDAQ:GLNG) has risen 1.30% since April 22, 2017 and is uptrending. It has underperformed by 10.25% the S&P500.

Frontier Capital Management Co Llc, which manages about $13.68B US Long portfolio, upped its stake in Logmein Inc. (NASDAQ:LOGM) by 32,035 shares to 58,572 shares, valued at $6.71 million in 2017Q4, according to the filing. It also increased its holding in Aspen Insurance Holdings Limited (NYSE:AHL) by 74,824 shares in the quarter, for a total of 2.20 million shares, and has risen its stake in Intrexon Corporation (NYSE:XON).

Analysts await Albemarle Corporation (NYSE:ALB) to report earnings on May, 9 after the close. They expect $1.20 EPS, up 14.29% or $0.15 from last year’s $1.05 per share. ALB’s profit will be $132.88M for 20.36 P/E if the $1.20 EPS becomes a reality. After $1.34 actual EPS reported by Albemarle Corporation for the previous quarter, Wall Street now forecasts -10.45% negative EPS growth.

Investors sentiment decreased to 1.01 in 2017 Q4. Its down 0.12, from 1.13 in 2017Q3. It turned negative, as 42 investors sold ALB shares while 182 reduced holdings. 82 funds opened positions while 144 raised stakes. 92.86 million shares or 2.44% less from 95.18 million shares in 2017Q3 were reported. Manufacturers Life Insur The reported 0.02% in Albemarle Corporation (NYSE:ALB). Texas Permanent School Fund reported 30,165 shares. Wellington Shields Capital Mgmt stated it has 9,155 shares. Marietta Inv Lc reported 2.44% stake. Alps Advsrs Inc holds 0% or 1,994 shares in its portfolio. The Virginia-based Capital Corporation Va has invested 2.46% in Albemarle Corporation (NYSE:ALB). Quantres Asset Limited holds 1.28% of its portfolio in Albemarle Corporation (NYSE:ALB) for 15,900 shares. Fukoku Mutual Life stated it has 1,300 shares or 0.03% of all its holdings. Deutsche Comml Bank Ag owns 1.30 million shares. Guggenheim Capital Llc holds 323,443 shares. Pictet Asset Mngmt holds 0.02% of its portfolio in Albemarle Corporation (NYSE:ALB) for 64,054 shares. Ruggie Gru has 390 shares for 0.03% of their portfolio. Wellington Mgmt Llp reported 107,259 shares stake. Kornitzer Ks holds 0.02% of its portfolio in Albemarle Corporation (NYSE:ALB) for 10,610 shares. Barometer Cap Mngmt holds 46,700 shares or 0.54% of its portfolio.

Among 23 analysts covering Albemarle Corporation (NYSE:ALB), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. Albemarle Corporation had 78 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Friday, August 5. The stock of Albemarle Corporation (NYSE:ALB) earned “Neutral” rating by UBS on Wednesday, November 11. The stock of Albemarle Corporation (NYSE:ALB) has “Neutral” rating given on Monday, November 13 by Citigroup. The firm has “Buy” rating given on Thursday, July 13 by RBC Capital Markets. On Friday, August 7 the stock rating was upgraded by SunTrust to “Buy”. As per Monday, June 12, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating by Robert W. Baird given on Wednesday, November 1. The firm has “Outperform” rating by RBC Capital Markets given on Friday, March 17. Oppenheimer initiated it with “Buy” rating and $133.0 target in Wednesday, August 16 report. The firm has “Buy” rating by Robert W. Baird given on Tuesday, April 17.

Albemarle Corporation (NYSE:ALB) Institutional Positions Chart

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