As Pilgrims Pride (PPC) Market Valuation Rose, Shareholder Denali Advisors Trimmed Its Holding by $3.44 Million; Albemarle (ALB) Holder Capital Management Associates Has Lifted Position

January 13, 2018 - By Michael Collier

Denali Advisors Llc decreased its stake in Pilgrims Pride Corp (PPC) by 17.14% based on its latest 2017Q3 regulatory filing with the SEC. Denali Advisors Llc sold 122,800 shares as the company’s stock rose 15.24% with the market. The institutional investor held 593,788 shares of the meat and poultry and fish company at the end of 2017Q3, valued at $16.87M, down from 716,588 at the end of the previous reported quarter. Denali Advisors Llc who had been investing in Pilgrims Pride Corp for a number of months, seems to be less bullish one the $7.39 billion market cap company. The stock increased 0.61% or $0.18 during the last trading session, reaching $29.69. About 1.03M shares traded. Pilgrim's Pride Corporation (NASDAQ:PPC) has declined 5.02% since January 13, 2017 and is downtrending. It has underperformed by 21.72% the S&P500.

Capital Management Associates increased its stake in Albemarle Corp (ALB) by 100% based on its latest 2017Q3 regulatory filing with the SEC. Capital Management Associates bought 2,500 shares as the company’s stock rose 20.02% with the market. The institutional investor held 5,000 shares of the major chemicals company at the end of 2017Q3, valued at $682,000, up from 2,500 at the end of the previous reported quarter. Capital Management Associates who had been investing in Albemarle Corp for a number of months, seems to be bullish on the $14.75B market cap company. The stock decreased 0.87% or $1.17 during the last trading session, reaching $133.52. About 990,097 shares traded. Albemarle Corporation (NYSE:ALB) has risen 45.60% since January 13, 2017 and is uptrending. It has outperformed by 28.90% the S&P500.

Since August 23, 2017, it had 0 insider buys, and 2 selling transactions for $1.96 million activity. 11,500 shares valued at $1.33 million were sold by NARWOLD KAREN G on Wednesday, August 23.

Investors sentiment decreased to 1.13 in Q3 2017. Its down 0.12, from 1.25 in 2017Q2. It worsened, as 53 investors sold ALB shares while 158 reduced holdings. 77 funds opened positions while 161 raised stakes. 95.18 million shares or 4.66% more from 90.94 million shares in 2017Q2 were reported. Wellington Mngmt Grp Llp holds 0% or 136,327 shares in its portfolio. Tiemann Investment Advisors Limited Liability holds 4,368 shares or 0.5% of its portfolio. Eagle Boston reported 13,422 shares. Wealthtrust reported 0% of its portfolio in Albemarle Corporation (NYSE:ALB). Driehaus Ltd Liability accumulated 17,585 shares. Clifford Swan Invest Counsel Limited holds 0.32% or 39,208 shares in its portfolio. Glenview Bankshares Dept owns 0.1% invested in Albemarle Corporation (NYSE:ALB) for 1,500 shares. 2,132 were reported by Perigon Wealth Mgmt Ltd Liability Company. Cibc Mkts holds 20,590 shares. Hanseatic Management Serv reported 9,927 shares stake. Nomura Holding invested 0% of its portfolio in Albemarle Corporation (NYSE:ALB). First Allied Advisory Svcs has 17,273 shares. Zurcher Kantonalbank (Zurich Cantonalbank), Switzerland-based fund reported 231,977 shares. Moreover, Glg Ltd Liability Com has 0.05% invested in Albemarle Corporation (NYSE:ALB) for 5,116 shares. Amp Capital Investors Limited stated it has 0.04% in Albemarle Corporation (NYSE:ALB).

Capital Management Associates, which manages about $70.20 million US Long portfolio, decreased its stake in Mgm Resorts International (NYSE:MGM) by 11,050 shares to 21,846 shares, valued at $712,000 in 2017Q3, according to the filing.

Among 21 analysts covering Albemarle Corporation (NYSE:ALB), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. Albemarle Corporation had 61 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, September 18 by RBC Capital Markets. The rating was downgraded by Robert W. Baird on Monday, September 25 to “Neutral”. Robert W. Baird maintained the stock with “Hold” rating in Wednesday, November 1 report. The firm earned “Outperform” rating on Friday, March 17 by RBC Capital Markets. The firm has “Neutral” rating by Citigroup given on Monday, November 13. Goldman Sachs downgraded the shares of ALB in report on Friday, October 6 to “Neutral” rating. The stock of Albemarle Corporation (NYSE:ALB) earned “Neutral” rating by UBS on Thursday, November 9. As per Friday, August 7, the company rating was upgraded by Suntrust Robinson. Deutsche Bank maintained the stock with “Buy” rating in Thursday, May 12 report. The firm has “Buy” rating by Jefferies given on Thursday, May 12.

Investors sentiment increased to 1.37 in Q3 2017. Its up 0.45, from 0.92 in 2017Q2. It is positive, as 19 investors sold PPC shares while 68 reduced holdings. 52 funds opened positions while 67 raised stakes. 59.66 million shares or 0.04% more from 59.63 million shares in 2017Q2 were reported. Cibc Asset Management has 8,333 shares for 0% of their portfolio. Wealthtrust, Alabama-based fund reported 25 shares. Grantham Mayo Van Otterloo & Llc has 15,800 shares. State Of Wisconsin Board holds 0% of its portfolio in Pilgrim's Pride Corporation (NASDAQ:PPC) for 10,767 shares. Fund Management reported 230,419 shares. Pnc Service Grp Incorporated has 17,620 shares for 0% of their portfolio. Pdt Prtn Ltd Liability has 191,892 shares. Fmr Llc stated it has 248,951 shares or 0% of all its holdings. Stevens Capital Mgmt Limited Partnership invested in 0.02% or 16,921 shares. Campbell And Adviser Limited Liability Corporation stated it has 9,599 shares or 0.22% of all its holdings. Illinois-based Citadel Advisors Ltd Company has invested 0.01% in Pilgrim's Pride Corporation (NASDAQ:PPC). Jefferies Gru Llc has 0.01% invested in Pilgrim's Pride Corporation (NASDAQ:PPC). Robeco Institutional Asset Bv holds 0.03% or 173,566 shares in its portfolio. Royal Bank & Trust Of Canada reported 0% stake. First Quadrant Lp Ca reported 0.16% of its portfolio in Pilgrim's Pride Corporation (NASDAQ:PPC).

Among 6 analysts covering Pilgrims Pride (NASDAQ:PPC), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. Pilgrims Pride had 20 analyst reports since October 30, 2015 according to SRatingsIntel. On Tuesday, September 5 the stock rating was downgraded by Vertical Group to “Hold”. The firm has “Sector Weight” rating given on Monday, March 27 by KeyBanc Capital Markets. The firm has “Hold” rating by Jefferies given on Tuesday, January 2. The firm earned “Overweight” rating on Friday, December 2 by KeyBanc Capital Markets. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, November 10 report. The firm has “Hold” rating by KeyBanc Capital Markets given on Tuesday, October 31. As per Wednesday, December 16, the company rating was initiated by Jefferies. The rating was downgraded by BMO Capital Markets on Monday, June 6 to “Market Perform”. The stock has “Hold” rating by BMO Capital Markets on Friday, August 25. Jefferies maintained the shares of PPC in report on Tuesday, October 3 with “Hold” rating.

Analysts await Pilgrim's Pride Corporation (NASDAQ:PPC) to report earnings on February, 14. They expect $0.58 earnings per share, up 107.14% or $0.30 from last year’s $0.28 per share. PPC’s profit will be $144.27 million for 12.80 P/E if the $0.58 EPS becomes a reality. After $0.98 actual earnings per share reported by Pilgrim's Pride Corporation for the previous quarter, Wall Street now forecasts -40.82% negative EPS growth.

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