David Hatcher, major shareholder of KMG Chemicals, Inc. (KMG) Just Sold Shares; Fairview Capital Investment Management Has Cut Seaspan (SSW) Position

January 12, 2018 - By Vivian Park

Transaction amounting to around $1,986,450 US Dollars was disclosed online in a public form submitted to the Security Exchange Commission on January 12, 2018. According to which, David Hatcher, the major shareholder of Kmg Chemicals Inc also an insider of the public firm had sold a total of 30,000 shares – ( at $66.2 for each share ). This is not his first insider trade, in the last 30 days, he unloaded another 195,000 shares worth $12,707,190 USD. And, It’s sure David’s sell isn’t going to stay disregarded as he today is holding 1.17 million shares – ( 10%+ of Kmg Chemicals Inc’s Market Cap ).

Fairview Capital Investment Management Llc decreased Seaspan Corp (SSW) stake by 17.2% reported in 2017Q3 SEC filing. Fairview Capital Investment Management Llc sold 268,449 shares as Seaspan Corp (SSW)’s stock declined 27.45%. The Fairview Capital Investment Management Llc holds 1.29M shares with $9.17 million value, down from 1.56M last quarter. Seaspan Corp now has $900.38M valuation. The stock decreased 0.14% or $0.01 during the last trading session, reaching $7.28. About 1.50 million shares traded or 15.52% up from the average. Seaspan Corporation (NYSE:SSW) has declined 64.89% since January 12, 2017 and is downtrending. It has underperformed by 81.59% the S&P500.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.71, from 1.66 in 2017Q2. It is negative, as 14 investors sold KMG Chemicals, Inc. shares while 47 reduced holdings. 21 funds opened positions while 37 raised stakes. 8.47 million shares or 0.73% less from 8.53 million shares in 2017Q2 were reported. Campbell & Investment Adviser Limited has 4,443 shares. State Street holds 0% or 161,497 shares. Trigran Investments Inc, Illinois-based fund reported 596,752 shares. State Common Retirement Fund invested in 0% or 32,597 shares. Prudential Fincl Incorporated invested 0.01% in KMG Chemicals, Inc. (NYSE:KMG). Usca Ria Limited invested 0.12% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG). Redwood Invests Limited reported 0.82% stake. Ghp Advsrs Incorporated reported 27,145 shares or 0.23% of all its holdings. Fny Managed Accounts Lc holds 0.01% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG) for 88 shares. Sei Investments stated it has 852 shares. First Advsr Limited Partnership has 6,387 shares for 0% of their portfolio. Bancorp Of America De stated it has 45,460 shares. Ativo Cap Mgmt Limited Com stated it has 0.29% in KMG Chemicals, Inc. (NYSE:KMG). Morgan Dempsey Mngmt Limited Liability Company reported 37,762 shares. Axa reported 0% stake.

KMG Chemicals, Inc., through its subsidiaries, makes, formulates, and distributes specialty chemicals worldwide. The company has market cap of $1.01 billion. The companyÂ’s Electronic Chemicals segment is involved in the sale of high purity and ultra purity wet process chemicals primarily to clean and etch silicon wafers in the production of semiconductors. It has a 34.45 P/E ratio. This segmentÂ’s products include sulfuric, phosphoric, and nitric and hydrofluoric acids; ammonium hydroxide; hydrogen peroxide; isopropyl alcohol; other specialty organic solvents; and various blends of chemicals.

The stock decreased 1.89% or $1.27 during the last trading session, reaching $65.76. About 246,775 shares traded or 14.36% up from the average. KMG Chemicals, Inc. (NYSE:KMG) has risen 169.63% since January 12, 2017 and is uptrending. It has outperformed by 152.93% the S&P500.

Analysts await KMG Chemicals, Inc. (NYSE:KMG) to report earnings on March, 12. They expect $0.71 EPS, up 24.56% or $0.14 from last year’s $0.57 per share. KMG’s profit will be $10.92 million for 23.15 P/E if the $0.71 EPS becomes a reality. After $0.83 actual EPS reported by KMG Chemicals, Inc. for the previous quarter, Wall Street now forecasts -14.46% negative EPS growth.

Since July 31, 2017, it had 0 insider buys, and 28 selling transactions for $17.11 million activity. $456,060 worth of KMG Chemicals, Inc. (NYSE:KMG) was sold by HATCHER DAVID L.

Among 4 analysts covering KMG Chemicals (NYSE:KMG), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. KMG Chemicals has $70.0 highest and $26 lowest target. $44.33’s average target is -32.59% below currents $65.76 stock price. KMG Chemicals had 8 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, August 31 by Zacks. On Wednesday, August 12 the stock rating was downgraded by Zacks to “Strong-Buy”. The firm earned “Hold” rating on Wednesday, December 14 by Gabelli. On Monday, May 1 the stock rating was upgraded by Gabelli to “Buy”. Global Hunter Securities upgraded the stock to “Neutral” rating in Wednesday, August 26 report. The firm has “Buy” rating by Seaport Global Securities given on Friday, December 11. The firm has “Buy” rating given on Wednesday, December 13 by KeyBanc Capital Markets.

Analysts await Seaspan Corporation (NYSE:SSW) to report earnings on February, 27. They expect $0.20 EPS, down 4.76% or $0.01 from last year’s $0.21 per share. SSW’s profit will be $24.74 million for 9.10 P/E if the $0.20 EPS becomes a reality. After $0.18 actual EPS reported by Seaspan Corporation for the previous quarter, Wall Street now forecasts 11.11% EPS growth.

Among 10 analysts covering Seaspan (NYSE:SSW), 1 have Buy rating, 3 Sell and 6 Hold. Therefore 10% are positive. Seaspan had 14 analyst reports since September 18, 2015 according to SRatingsIntel. The stock has “Underweight” rating by Barclays Capital on Friday, April 1. Barclays Capital downgraded the stock to “Equal Weight” rating in Monday, January 11 report. The rating was upgraded by JP Morgan on Thursday, March 2 to “Neutral”. As per Friday, September 18, the company rating was initiated by BB&T Capital. The rating was initiated by Morgan Stanley on Wednesday, February 1 with “Underweight”. As per Tuesday, October 10, the company rating was maintained by Stifel Nicolaus. The rating was initiated by JP Morgan with “Underweight” on Friday, December 18. The rating was downgraded by Credit Suisse on Monday, May 1 to “Underperform”. The firm has “Sell” rating given on Thursday, November 3 by Citigroup. On Tuesday, May 2 the stock rating was upgraded by Citigroup to “Neutral”.

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