Pictet Asset Management LTD Has Decreased Grace W R & Co Del New (GRA) Stake By $8.62 Million, Spire (SR) Shorts Decreased By 28.36%

July 17, 2017 - By Adrian Erickson

Pictet Asset Management Ltd decreased Grace W R & Co Del New (GRA) stake by 84.38% reported in 2016Q4 SEC filing. Pictet Asset Management Ltd sold 128,595 shares as Grace W R & Co Del New (GRA)’s stock declined 0.67%. The Pictet Asset Management Ltd holds 23,800 shares with $1.61 million value, down from 152,395 last quarter. Grace W R & Co Del New now has $4.92B valuation. The stock declined 0.17% or $0.12 reaching $71.46 per share. About 235,695 shares traded. W. R. Grace & Co (NYSE:GRA) has declined 6.22% since July 17, 2016 and is downtrending. It has underperformed by 22.92% the S&P500.

Spire Incorporated (NYSE:SR) had a decrease of 28.36% in short interest. SR’s SI was 541,000 shares in July as released by FINRA. Its down 28.36% from 755,200 shares previously. With 197,100 avg volume, 3 days are for Spire Incorporated (NYSE:SR)’s short sellers to cover SR’s short positions. The SI to Spire Incorporated’s float is 1.22%. About 35,785 shares traded. Spire Inc (NYSE:SR) has risen 11.86% since July 17, 2016 and is uptrending. It has underperformed by 4.84% the S&P500.

Spire Inc., formerly The Laclede Group, Inc., is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation. The company has market cap of $3.36 billion. The Firm has two business divisions, which include gas utility and gas marketing. It has a 21.15 P/E ratio. The gas utility segment includes the regulated activities of Laclede Gas Company , Alabama Gas Corporation (Alagasco) and EnergySouth, Inc. (EnergySouth).

Among 3 analysts covering Spire (NYSE:SR), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Spire had 3 analyst reports since August 19, 2016 according to SRatingsIntel. The company was initiated on Wednesday, January 25 by Credit Suisse. Wells Fargo downgraded Spire Inc (NYSE:SR) on Tuesday, September 6 to “Market Perform” rating. The stock of Spire Inc (NYSE:SR) has “Neutral” rating given on Friday, August 19 by Ladenburg Thalmann.

Pictet Asset Management Ltd increased Vantiv Inc (NYSE:VNTV) stake by 774,769 shares to 829,069 valued at $49.43 million in 2016Q4. It also upped Quintiles Ims Holdings Inc (NYSE:Q) stake by 21,084 shares and now owns 52,884 shares. Select Sector Spdr Tr (XLE) was raised too.

Investors sentiment decreased to 0.88 in 2016 Q4. Its down 0.04, from 0.92 in 2016Q3. It dived, as 46 investors sold GRA shares while 91 reduced holdings. 36 funds opened positions while 84 raised stakes. 56.49 million shares or 1.59% less from 57.40 million shares in 2016Q3 were reported. State Board Of Administration Of Florida Retirement Systems holds 0.02% or 97,938 shares. Art Advisors Ltd Company reported 0.14% of its portfolio in W. R. Grace & Co (NYSE:GRA). Kbc Grp Nv holds 0.06% of its portfolio in W. R. Grace & Co (NYSE:GRA) for 94,877 shares. Hbk Invs LP accumulated 6,218 shares. Earnest Prns holds 50 shares or 0% of its portfolio. Meyer Handelman Co invested in 6,000 shares or 0.02% of the stock. Antipodean Advsr Limited Liability holds 104,000 shares. Putnam Invs Ltd accumulated 1.91 million shares or 0.31% of the stock. Los Angeles Capital Management & Equity Inc, a California-based fund reported 176,981 shares. Reilly Finance Advsrs Ltd Liability Corp stated it has 1,651 shares. Blackrock Advsrs Limited Company has invested 0.01% in W. R. Grace & Co (NYSE:GRA). 9,674 are owned by Palladium Prns Limited Co. Sumitomo Mitsui Tru Holdg reported 190,434 shares. Morgan Stanley owns 412,716 shares. Pacad Limited holds 0.06% of its portfolio in W. R. Grace & Co (NYSE:GRA) for 7,000 shares.

Analysts await W. R. Grace & Co (NYSE:GRA) to report earnings on July, 27 before the open. They expect $0.80 EPS, up 8.11% or $0.06 from last year’s $0.74 per share. GRA’s profit will be $55.08M for 22.33 P/E if the $0.80 EPS becomes a reality. After $0.68 actual EPS reported by W. R. Grace & Co for the previous quarter, Wall Street now forecasts 17.65% EPS growth.

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