Sasco Capital Lowered Owens Corning (OC) Position, Blueknight Energy Partners LP (BKEP) Has 1.45 Sentiment

June 20, 2017 - By Dolores Ford

Sasco Capital Inc decreased Owens Corning (OC) stake by 2.3% reported in 2016Q4 SEC filing. Sasco Capital Inc sold 49,795 shares as Owens Corning (OC)’s stock rose 7.09%. The Sasco Capital Inc holds 2.11M shares with $108.85M value, down from 2.16 million last quarter. Owens Corning now has $7.59B valuation. The stock rose 0.44% or $0.29 reaching $66.13. About 289,018 shares traded. Owens Corning (NYSE:OC) has risen 23.07% since June 20, 2016 and is uptrending. It has outperformed by 6.37% the S&P500.

Blueknight Energy Partners, L.P. is a master limited partnership company. The company has market cap of $244.42 million. The Firm manages its activities through four divisions: asphalt terminaling services, crude oil terminaling and storage services, crude oil pipeline services, and crude oil trucking and producer field services. It currently has negative earnings. Asphalt terminaling services segment activities generally consist of fee based activities associated with providing storage, terminaling and throughput services for asphalt product and residual fuel oil.

Analysts await Blueknight Energy Partners L.P. (NASDAQ:BKEP) to report earnings on August, 1. They expect $-0.03 EPS, 0.00% or $0.00 from last year’s $-0.03 per share. After $-0.08 actual EPS reported by Blueknight Energy Partners L.P. for the previous quarter, Wall Street now forecasts -62.50% EPS growth.

About 10,143 shares traded. Blueknight Energy Partners L.P. (BKEP) has risen 36.27% since June 20, 2016 and is uptrending. It has outperformed by 19.57% the S&P500.

Msd Partners L.P. holds 1.12% of its portfolio in Blueknight Energy Partners L.P. for 3.26 million shares. Cushing Asset Management Lp owns 3.25 million shares or 0.67% of their US portfolio. Moreover, Yorkville Capital Management Llc has 0.36% invested in the company for 53,075 shares. The New York-based Spirit Of America Management Corp Ny has invested 0.18% in the stock. Prescott Group Capital Management L.L.C., a Oklahoma-based fund reported 97,489 shares.

Since January 1, 0001, it had 3 insider buys, and 1 sale for $310,036 activity.

Analysts await Owens Corning (NYSE:OC) to report earnings on July, 26. They expect $1.01 earnings per share, down 21.71% or $0.28 from last year’s $1.29 per share. OC’s profit will be $115.92 million for 16.37 P/E if the $1.01 EPS becomes a reality. After $0.85 actual earnings per share reported by Owens Corning for the previous quarter, Wall Street now forecasts 18.82% EPS growth.

Among 20 analysts covering Owens Corning (NYSE:OC), 12 have Buy rating, 2 Sell and 6 Hold. Therefore 60% are positive. Owens Corning had 37 analyst reports since July 23, 2015 according to SRatingsIntel. The company was initiated on Thursday, August 11 by Credit Suisse. The stock of Owens Corning (NYSE:OC) has “Outperform” rating given on Friday, March 31 by Wedbush. FBR Capital upgraded Owens Corning (NYSE:OC) on Wednesday, July 22 to “Outperform” rating. The company was initiated on Friday, December 16 by Macquarie Research. The stock of Owens Corning (NYSE:OC) has “Neutral” rating given on Wednesday, July 6 by Wedbush. The firm earned “Sector Perform” rating on Thursday, July 23 by RBC Capital Markets. FBR Capital maintained the stock with “Mkt Perform” rating in Thursday, October 27 report. FBR Capital maintained Owens Corning (NYSE:OC) on Friday, July 29 with “Mkt Perform” rating. Longbow upgraded the shares of OC in report on Thursday, January 21 to “Buy” rating. The rating was downgraded by CL King to “Neutral” on Thursday, October 27.

Investors sentiment increased to 1.2 in Q4 2016. Its up 0.10, from 1.1 in 2016Q3. It increased, as 35 investors sold OC shares while 95 reduced holdings. 52 funds opened positions while 104 raised stakes. 109.20 million shares or 2.75% less from 112.29 million shares in 2016Q3 were reported. Lsv Asset Management holds 0.08% or 869,200 shares. Churchill Management reported 52,194 shares or 0.09% of all its holdings. Alpha Windward Ltd Liability Co owns 9,387 shares. Finemark National Bank Trust owns 354 shares or 0% of their US portfolio. Deutsche National Bank & Trust Ag invested in 845,920 shares. Victory Capital Mngmt reported 3.06M shares. Goldman Sachs Grp Inc owns 2.95 million shares. Advsr Capital Mgmt Ltd Liability Com owns 81,103 shares for 0.4% of their portfolio. State Teachers Retirement Sys holds 0% of its portfolio in Owens Corning (NYSE:OC) for 10,200 shares. Breton Hill Cap Limited holds 0.19% or 14,825 shares. Allianz Asset Mgmt Ag holds 0.05% or 1.10M shares. Janney Montgomery Scott Ltd reported 5,828 shares. Alliancebernstein Ltd Partnership holds 0% or 75,592 shares. Dupont Cap Mngmt Corporation stated it has 0.13% in Owens Corning (NYSE:OC). Verition Fund Lc has 0.07% invested in Owens Corning (NYSE:OC).

Since February 22, 2017, it had 0 insider purchases, and 7 insider sales for $5.35 million activity. 8,028 shares were sold by Francis Julian, worth $483,446. Chambers Brian had sold 10,000 shares worth $619,500. Genis Arnaud had sold 21,544 shares worth $1.41M. 17,933 shares were sold by SMITH DANIEL T, worth $1.05M on Wednesday, February 22. Shares for $116,880 were sold by Schmidt Kelly on Wednesday, February 22. The insider McMurray Michael C. sold 19,500 shares worth $1.18 million. 8,149 shares valued at $488,940 were sold by HAKE RALPH F on Thursday, March 2.

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