Westlake Chemica (WLK) Holder Viking Fund Management Cut Its Stake by $2.49 Million; Tiedemann Wealth Management Stake in Align Technology (ALGN) Cut as Stock Rose

February 16, 2018 - By Adrian Erickson

Tiedemann Wealth Management Llc decreased its stake in Align Technology Inc (ALGN) by 51.33% based on its latest 2017Q3 regulatory filing with the SEC. Tiedemann Wealth Management Llc sold 7,964 shares as the company’s stock rose 36.03% with the market. The institutional investor held 7,551 shares of the health care company at the end of 2017Q3, valued at $708,000, down from 15,515 at the end of the previous reported quarter. Tiedemann Wealth Management Llc who had been investing in Align Technology Inc for a number of months, seems to be less bullish one the $20.22 billion market cap company. The stock decreased 0.23% or $0.59 during the last trading session, reaching $252.18. About 223,682 shares traded. Align Technology, Inc. (NASDAQ:ALGN) has risen 82.22% since February 16, 2017 and is uptrending. It has outperformed by 65.52% the S&P500.

Viking Fund Management Llc decreased its stake in Westlake Chemica (WLK) by 42.86% based on its latest 2017Q3 regulatory filing with the SEC. Viking Fund Management Llc sold 30,000 shares as the company’s stock rose 1.98% with the market. The institutional investor held 40,000 shares of the major chemicals company at the end of 2017Q3, valued at $3.32 million, down from 70,000 at the end of the previous reported quarter. Viking Fund Management Llc who had been investing in Westlake Chemica for a number of months, seems to be less bullish one the $13.91B market cap company. The stock decreased 1.36% or $1.49 during the last trading session, reaching $107.75. About 56,665 shares traded. Westlake Chemical Corporation (NYSE:WLK) has risen 45.05% since February 16, 2017 and is uptrending. It has outperformed by 28.35% the S&P500.

Viking Fund Management Llc, which manages about $1.05B and $627.37 million US Long portfolio, upped its stake in Us Silica Holdin (NYSE:SLCA) by 27,000 shares to 685,000 shares, valued at $21.28M in 2017Q3, according to the filing. It also increased its holding in Propetro Holding by 230,000 shares in the quarter, for a total of 1.02M shares, and has risen its stake in Altria Group Inc (NYSE:MO).

Among 18 analysts covering Westlake Chemical (NYSE:WLK), 12 have Buy rating, 2 Sell and 4 Hold. Therefore 67% are positive. Westlake Chemical had 53 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, September 17 by Deutsche Bank. The firm has “Buy” rating given on Monday, June 5 by RBC Capital Markets. The firm earned “Outperform” rating on Wednesday, September 27 by Wells Fargo. Cowen & Co maintained Westlake Chemical Corporation (NYSE:WLK) on Wednesday, January 31 with “Buy” rating. The company was maintained on Friday, October 13 by UBS. The firm earned “Buy” rating on Friday, August 4 by RBC Capital Markets. Wells Fargo maintained Westlake Chemical Corporation (NYSE:WLK) rating on Thursday, December 7. Wells Fargo has “Buy” rating and $112.0 target. The rating was maintained by RBC Capital Markets on Wednesday, April 26 with “Buy”. Cowen & Co maintained the stock with “Buy” rating in Friday, November 17 report. The company was maintained on Monday, September 18 by RBC Capital Markets.

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.23, from 1.15 in 2017Q2. It improved, as 21 investors sold WLK shares while 61 reduced holdings. 55 funds opened positions while 58 raised stakes. 37.12 million shares or 5.60% less from 39.33 million shares in 2017Q2 were reported. Mutual Of America Cap Mgmt Ltd Liability holds 4,800 shares. Bnp Paribas Arbitrage invested in 5,302 shares. Arcadia Invest Management Corporation Mi has 350 shares for 0.01% of their portfolio. Goldman Sachs Gp accumulated 1.42M shares. Luminus Management Limited Liability Com reported 218,566 shares. Parallax Volatility Advisers Limited Partnership owns 34 shares or 0% of their US portfolio. James Invest Research Inc invested 0.43% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). Bradley Foster Sargent Ct owns 15,585 shares or 0.05% of their US portfolio. 268,903 were accumulated by Robotti Robert. Comml Bank Of New York Mellon Corp accumulated 934,937 shares. The New York-based Scopus Asset Mngmt Limited Partnership has invested 0.39% in Westlake Chemical Corporation (NYSE:WLK). Alpine Glob Mgmt Ltd Limited Liability Company reported 0.11% in Westlake Chemical Corporation (NYSE:WLK). Morgan Stanley holds 90,117 shares. Boothbay Fund Management Limited Liability invested in 0.04% or 3,060 shares. The Delaware-based Dupont Cap has invested 0.02% in Westlake Chemical Corporation (NYSE:WLK).

Analysts await Westlake Chemical Corporation (NYSE:WLK) to report earnings on February, 20. They expect $1.64 EPS, up 88.51% or $0.77 from last year’s $0.87 per share. WLK’s profit will be $211.73 million for 16.43 P/E if the $1.64 EPS becomes a reality. After $1.65 actual EPS reported by Westlake Chemical Corporation for the previous quarter, Wall Street now forecasts -0.61% negative EPS growth.

Among 13 analysts covering Align Technology (NASDAQ:ALGN), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Align Technology had 53 analyst reports since July 27, 2015 according to SRatingsIntel. Credit Suisse maintained the stock with “Buy” rating in Wednesday, January 31 report. The firm earned “Buy” rating on Friday, July 28 by Stifel Nicolaus. The rating was initiated by Credit Suisse with “Outperform” on Wednesday, May 11. Morgan Stanley maintained the stock with “Overweight” rating in Friday, October 6 report. The firm has “Outperform” rating given on Friday, October 27 by Credit Suisse. Leerink Swann maintained the shares of ALGN in report on Wednesday, January 31 with “Outperform” rating. On Friday, June 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, November 21. On Monday, June 19 the stock rating was maintained by Morgan Stanley with “Buy”. The firm earned “Overweight” rating on Monday, July 17 by Morgan Stanley.

Tiedemann Wealth Management Llc, which manages about $5.35B and $1.11B US Long portfolio, upped its stake in Schwab Charles Corp New (NYSE:SCHW) by 31,510 shares to 97,318 shares, valued at $3.14 million in 2017Q3, according to the filing. It also increased its holding in Ubs Ag Jersey Brh (MLPI) by 127,620 shares in the quarter, for a total of 161,766 shares, and has risen its stake in Costar Group Inc (NASDAQ:CSGP).

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