Cushing Asset Management LP Lowered Westlake Chem (WLK) Stake; Globant SA (GLOB) Shorts Increased By 0.26%

November 14, 2017 - By Nellie Frank

Cushing Asset Management Lp decreased Westlake Chem Corp (WLK) stake by 8.87% reported in 2017Q2 SEC filing. Cushing Asset Management Lp sold 5,437 shares as Westlake Chem Corp (WLK)’s stock rose 1.98%. The Cushing Asset Management Lp holds 55,827 shares with $3.70M value, down from 61,264 last quarter. Westlake Chem Corp now has $11.95 billion valuation. The stock declined 1.44% or $1.35 reaching $92.6 per share. About 339,084 shares traded. Westlake Chemical Corporation (NYSE:WLK) has risen 45.05% since November 14, 2016 and is uptrending. It has outperformed by 28.35% the S&P500.

Globant SA (NYSE:GLOB) had an increase of 0.26% in short interest. GLOB’s SI was 3.41 million shares in November as released by FINRA. Its up 0.26% from 3.40M shares previously. With 196,300 avg volume, 17 days are for Globant SA (NYSE:GLOB)’s short sellers to cover GLOB’s short positions. The SI to Globant SA’s float is 14.23%. About 26,378 shares traded. Globant SA (NYSE:GLOB) has risen 4.32% since November 14, 2016 and is uptrending. It has underperformed by 12.38% the S&P500.

Investors sentiment decreased to 1.06 in Q2 2017. Its down 0.75, from 1.81 in 2017Q1. It is negative, as 33 investors sold Globant SA shares while 18 reduced holdings. 18 funds opened positions while 36 raised stakes. 23.06 million shares or 4.63% more from 22.04 million shares in 2017Q1 were reported. Wells Fargo Mn invested in 5,918 shares. Credit Suisse Ag owns 136,299 shares. Invesco reported 307,350 shares. Fred Alger Incorporated accumulated 385,112 shares. Rwc Asset Llp owns 394,224 shares for 1.05% of their portfolio. Standard Life Invs has 0% invested in Globant SA (NYSE:GLOB). Bancorporation Of Ny Mellon Corporation invested in 6,825 shares or 0% of the stock. Royal Retail Bank Of Canada has invested 0% of its portfolio in Globant SA (NYSE:GLOB). Massachusetts Fincl Services Commerce Ma owns 0.02% invested in Globant SA (NYSE:GLOB) for 898,034 shares. Blackrock Inc reported 0% of its portfolio in Globant SA (NYSE:GLOB). Waddell And Reed reported 1.62 million shares. 16,900 are held by Fisher Asset Mngmt Limited Liability. Morgan Stanley holds 0.03% or 2.54 million shares. Citigroup Inc reported 0% of its portfolio in Globant SA (NYSE:GLOB). Federated Investors Inc Pa reported 135,000 shares or 0.02% of all its holdings.

Globant S.A. is a digitally native technology services company. The company has market cap of $1.23 billion. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. It has a 41.9 P/E ratio. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.

Among 10 analysts covering Globant SA (NYSE:GLOB), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Globant SA had 22 analyst reports since July 27, 2015 according to SRatingsIntel. On Wednesday, July 19 the stock rating was maintained by Citigroup with “Buy”. The firm earned “Hold” rating on Friday, October 20 by SunTrust. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Friday, July 7 report. The rating was maintained by JP Morgan on Thursday, August 11 with “Overweight”. The stock of Globant SA (NYSE:GLOB) earned “Hold” rating by Jefferies on Wednesday, August 12. Cowen & Co maintained Globant SA (NYSE:GLOB) on Friday, July 28 with “Buy” rating. The company was maintained on Monday, May 16 by Jefferies. The company was maintained on Thursday, October 12 by Cowen & Co. The company was downgraded on Thursday, July 27 by SunTrust. The firm has “Buy” rating by Citigroup given on Thursday, August 11.

Among 15 analysts covering Westlake Chemical (NYSE:WLK), 10 have Buy rating, 1 Sell and 4 Hold. Therefore 67% are positive. Westlake Chemical had 41 analyst reports since July 24, 2015 according to SRatingsIntel. Suntrust Robinson upgraded the shares of WLK in report on Wednesday, June 15 to “Buy” rating. The stock has “Outperform” rating by RBC Capital Markets on Tuesday, August 23. On Friday, July 24 the stock rating was initiated by Nomura with “Neutral”. The stock has “Buy” rating by SunTrust on Wednesday, June 15. Citigroup initiated it with “Buy” rating and $72.0 target in Thursday, February 9 report. The stock of Westlake Chemical Corporation (NYSE:WLK) earned “Outperform” rating by RBC Capital Markets on Wednesday, August 5. The rating was upgraded by Nomura on Tuesday, September 26 to “Buy”. The stock of Westlake Chemical Corporation (NYSE:WLK) has “Buy” rating given on Thursday, July 13 by Cowen & Co. Wells Fargo maintained it with “Outperform” rating and $94 target in Wednesday, September 27 report. Alembic maintained Westlake Chemical Corporation (NYSE:WLK) rating on Thursday, August 3. Alembic has “Buy” rating and $8300 target.

Analysts await Westlake Chemical Corporation (NYSE:WLK) to report earnings on February, 20. They expect $1.51 earnings per share, up 73.56% or $0.64 from last year’s $0.87 per share. WLK’s profit will be $194.87M for 15.33 P/E if the $1.51 EPS becomes a reality. After $1.65 actual earnings per share reported by Westlake Chemical Corporation for the previous quarter, Wall Street now forecasts -8.48% negative EPS growth.

Cushing Asset Management Lp increased Aecom (NYSE:ACM) stake by 25,606 shares to 237,323 valued at $7.67 million in 2017Q2. It also upped Phillips 66 (NYSE:PSX) stake by 92,985 shares and now owns 209,793 shares. Xpo Logistics Inc (NYSE:XPO) was raised too.

Investors sentiment increased to 1.15 in Q2 2017. Its up 0.30, from 0.85 in 2017Q1. It increased, as 25 investors sold WLK shares while 57 reduced holdings. 34 funds opened positions while 60 raised stakes. 39.33 million shares or 8.41% more from 36.27 million shares in 2017Q1 were reported. Scout Invests owns 333,042 shares. Legal General Group Public Ltd Company reported 139,952 shares stake. Deutsche National Bank & Trust Ag accumulated 551,087 shares. Smith Graham & Inv Advsrs Lp reported 74,146 shares. Jpmorgan Chase & Co owns 167,926 shares. 10,357 are owned by Commercial Bank Of Montreal Can. Ruggie Capital Grp accumulated 1,764 shares. Avalon Advsrs Ltd Co holds 145,234 shares. 2.40 million are owned by Citadel Advisors Ltd Liability Company. Tortoise Lc holds 21 shares. State Of Tennessee Treasury Department accumulated 87,300 shares. Ameriprise holds 0.02% in Westlake Chemical Corporation (NYSE:WLK) or 665,167 shares. Ubs Asset Americas holds 18,277 shares. Scopus Asset Mgmt Ltd Partnership stated it has 0.29% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). Johnson Invest Counsel Inc holds 0.02% in Westlake Chemical Corporation (NYSE:WLK) or 8,500 shares.

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