Tt International Has Lowered Its Banco Macro Sa (BMA) Stake by $3.38 Million; Westlake Chem (WLK) Holder Tide Point Capital Management LP Lowered Position

January 14, 2018 - By whatsonthorold

Christopher A. Winham decreased its stake in Westlake Chem Corp (WLK) by 60.42% based on its latest 2017Q3 regulatory filing with the SEC. Tide Point Capital Management Lp sold 361,738 shares as the company’s stock rose 1.98% with the market. The hedge fund run by Christopher A. Winham held 236,960 shares of the major chemicals company at the end of 2017Q3, valued at $19.69 million, down from 598,698 at the end of the previous reported quarter. Tide Point Capital Management Lp who had been investing in Westlake Chem Corp for a number of months, seems to be less bullish one the $14.71 billion market cap company. The stock increased 0.61% or $0.69 during the last trading session, reaching $113.94. About 328,391 shares traded. Westlake Chemical Corporation (NYSE:WLK) has risen 45.05% since January 14, 2017 and is uptrending. It has outperformed by 28.35% the S&P500.

Tt International decreased its stake in Banco Macro Sa (BMA) by 11.91% based on its latest 2017Q3 regulatory filing with the SEC. Tt International sold 28,883 shares as the company’s stock rose 7.03% with the market. The institutional investor held 213,710 shares of the commercial banks company at the end of 2017Q3, valued at $25.08 million, down from 242,593 at the end of the previous reported quarter. Tt International who had been investing in Banco Macro Sa for a number of months, seems to be less bullish one the $8.15B market cap company. The stock increased 0.69% or $0.79 during the last trading session, reaching $114.5. About 173,958 shares traded. Banco Macro S.A. (NYSE:BMA) has risen 43.80% since January 14, 2017 and is uptrending. It has outperformed by 27.10% the S&P500.

Among 18 analysts covering Westlake Chemical (NYSE:WLK), 11 have Buy rating, 1 Sell and 6 Hold. Therefore 61% are positive. Westlake Chemical had 49 analyst reports since July 24, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Hold” rating in Thursday, September 17 report. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, November 5. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, June 13 report. The firm earned “Buy” rating on Friday, August 11 by Alembic. The firm has “Buy” rating by Cowen & Co given on Thursday, July 13. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, April 26. The rating was maintained by RBC Capital Markets on Thursday, November 9 with “Buy”. The stock has “Outperform” rating by Cowen & Co on Tuesday, May 23. As per Tuesday, August 16, the company rating was maintained by JP Morgan. The firm earned “Buy” rating on Monday, June 5 by RBC Capital Markets.

Analysts await Westlake Chemical Corporation (NYSE:WLK) to report earnings on February, 20. They expect $1.64 earnings per share, up 88.51% or $0.77 from last year’s $0.87 per share. WLK’s profit will be $211.73M for 17.37 P/E if the $1.64 EPS becomes a reality. After $1.65 actual earnings per share reported by Westlake Chemical Corporation for the previous quarter, Wall Street now forecasts -0.61% negative EPS growth.

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.23, from 1.15 in 2017Q2. It increased, 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. Rhumbline Advisers has invested 0.01% in Westlake Chemical Corporation (NYSE:WLK). Balyasny Asset Management Limited has invested 0.42% in Westlake Chemical Corporation (NYSE:WLK). Ubs Asset Mngmt Americas owns 15,615 shares. Advsr Asset Mgmt accumulated 5,225 shares. Driehaus Cap Ltd Llc stated it has 0.03% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). Bnp Paribas Asset Management Hldgs Sa holds 16,899 shares. Illinois-based Wolverine Asset Mngmt Ltd Co has invested 0.04% in Westlake Chemical Corporation (NYSE:WLK). Great West Life Assurance Company Can owns 8,235 shares. Panagora Asset Inc reported 0% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). Point72 Asia (Hong Kong) Ltd owns 1,451 shares for 0.09% of their portfolio. Numeric Limited Liability Com has invested 0% in Westlake Chemical Corporation (NYSE:WLK). Voya Mngmt Ltd Company accumulated 0% or 11,793 shares. Riverhead Capital Management Limited owns 12,410 shares for 0.05% of their portfolio. Ameriprise Fincl owns 708,449 shares for 0.03% of their portfolio. 145,023 are held by Credit Suisse Ag.

Since August 15, 2017, it had 0 insider purchases, and 1 sale for $968,620 activity.

Tide Point Capital Management Lp, which manages about $378.20M and $1.94B US Long portfolio, upped its stake in Praxair Inc (NYSE:PX) by 79,344 shares to 131,898 shares, valued at $18.43M in 2017Q3, according to the filing. It also increased its holding in Weatherford Intl Plc (NYSE:WFT) by 2.11M shares in the quarter, for a total of 2.64 million shares, and has risen its stake in Univar Inc.

Analysts await Banco Macro S.A. (NYSE:BMA) to report earnings on February, 21. They expect $2.69 EPS, up 43.09% or $0.81 from last year’s $1.88 per share. BMA’s profit will be $191.50M for 10.64 P/E if the $2.69 EPS becomes a reality. After $2.24 actual EPS reported by Banco Macro S.A. for the previous quarter, Wall Street now forecasts 20.09% EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>