P2 Capital Partners Trimmed Ebix (EBIX) Stake; 10 Bullish Analysts Covering Albemarle (ALB)

June 20, 2017 - By Hazel Jackson

P2 Capital Partners Llc decreased Ebix Inc (EBIX) stake by 0.9% reported in 2016Q4 SEC filing. P2 Capital Partners Llc sold 14,690 shares as Ebix Inc (EBIX)’s stock declined 7.33%. The P2 Capital Partners Llc holds 1.62 million shares with $92.42M value, down from 1.63 million last quarter. Ebix Inc now has $1.73 billion valuation. The stock declined 0.64% or $0.35 reaching $54.7 per share. About 47,825 shares traded. Ebix Inc (NASDAQ:EBIX) has risen 21.95% since June 20, 2016 and is uptrending. It has outperformed by 5.25% the S&P500.

Among 14 analysts covering Albemarle Corporation (NYSE:ALB), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Albemarle Corporation had 32 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was initiated by RBC Capital Markets on Thursday, February 23 with “Outperform”. The stock has “Buy” rating by Suntrust Robinson on Thursday, May 12. The stock of Albemarle Corporation (NYSE:ALB) has “Outperform” rating given on Friday, March 17 by RBC Capital Markets. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, September 16 report. RBC Capital Markets maintained Albemarle Corporation (NYSE:ALB) rating on Wednesday, March 1. RBC Capital Markets has “Outperform” rating and $130 target. The firm has “Neutral” rating by UBS given on Wednesday, November 11. Jefferies maintained the shares of ALB in report on Tuesday, December 29 with “Buy” rating. The rating was maintained by Deutsche Bank on Thursday, May 12 with “Buy”. The firm has “Neutral” rating given on Thursday, August 4 by UBS. Citigroup maintained the stock with “Buy” rating in Tuesday, August 9 report. See Albemarle Corporation (NYSE:ALB) latest ratings:

16/06/2017 Broker: Jefferies Rating: Buy New Target: $120.00 Maintain
26/05/2017 Broker: Morgan Stanley Rating: Equal Weight Old Target: $72.00 New Target: $100.00 Target Down
08/05/2017 Broker: RBC Capital Markets Rating: Outperform Old Target: $132.00 New Target: $136.00 Maintain
19/04/2017 Broker: RBC Capital Markets Rating: Buy New Target: $132.00 Maintain
05/04/2017 Broker: Jefferies Rating: Buy New Target: $120.00 Maintain
17/03/2017 Broker: RBC Capital Markets Rating: Outperform Old Target: $130.00 New Target: $132.00 Maintain
01/03/2017 Broker: RBC Capital Markets Rating: Outperform Old Target: $114 New Target: $130 Maintain
23/02/2017 Broker: RBC Capital Markets Rating: Outperform New Target: $114 Initiate
17/01/2017 Broker: Robert W. Baird Old Rating: Neutral New Rating: Outperform Old Target: $81 New Target: $118 Upgrade

Since December 21, 2016, it had 0 buys, and 4 insider sales for $1.81 million activity. Benz Hans U also sold $169,050 worth of Ebix Inc (NASDAQ:EBIX) on Tuesday, May 30. d’Apice Leon Royden Thomas sold $455,100 worth of stock. On Wednesday, December 21 Kerris Robert F sold $71,411 worth of Ebix Inc (NASDAQ:EBIX) or 1,212 shares. Shares for $1.02 million were sold by PRIOR GRAHAM JOHN on Monday, June 12. The insider Keller Hans Ueli sold 2,675 shares worth $161,624.

Investors sentiment increased to 0.93 in Q4 2016. Its up 0.05, from 0.88 in 2016Q3. It is positive, as 19 investors sold EBIX shares while 62 reduced holdings. 30 funds opened positions while 45 raised stakes. 20.09 million shares or 3.51% less from 20.82 million shares in 2016Q3 were reported. Stifel Financial Corporation invested 0% of its portfolio in Ebix Inc (NASDAQ:EBIX). The New York-based Art Advsr Limited Liability Company has invested 0.03% in Ebix Inc (NASDAQ:EBIX). Blackrock Investment Management Limited Liability Company has invested 0.01% in Ebix Inc (NASDAQ:EBIX). Navellier Assoc holds 0.04% or 4,556 shares in its portfolio. Riverhead Cap Management Ltd Llc has 0% invested in Ebix Inc (NASDAQ:EBIX) for 1,200 shares. Tudor Invest Et Al owns 0.01% invested in Ebix Inc (NASDAQ:EBIX) for 9,155 shares. 38,672 are owned by Prudential Fin. P2 Cap Prtn Ltd Liability Corporation stated it has 1.62M shares or 12.13% of all its holdings. Ls Advsrs Lc reported 0% of its portfolio in Ebix Inc (NASDAQ:EBIX). Metropolitan Life Ins reported 17,585 shares or 0.01% of all its holdings. Ameritas Invest Ptnrs Inc accumulated 1,227 shares. Moreover, State Of Alaska Department Of Revenue has 0.01% invested in Ebix Inc (NASDAQ:EBIX). Teachers Retirement Of The State Of Kentucky holds 0.01% or 9,700 shares in its portfolio. Omers Administration invested in 0.02% or 15,600 shares. First Citizens Comml Bank And Tru holds 5,277 shares.

Investors sentiment is 1.1 in 2016 Q4. Its the same as in 2016Q3. It is flat, as 39 investors sold Albemarle Corporation shares while 139 reduced holdings. only 57 funds opened positions while 139 raised stakes. 93.49 million shares or 0.19% more from 93.32 million shares in 2016Q3 were reported. Hanseatic Mngmt Incorporated invested in 14,336 shares or 0.69% of the stock. Advisory holds 28,128 shares or 0.04% of its portfolio. Alpine Woods Cap Investors Ltd Co has invested 0.06% in Albemarle Corporation (NYSE:ALB). 192,465 were accumulated by First Tru Limited Partnership. Two Sigma Securities holds 0.09% of its portfolio in Albemarle Corporation (NYSE:ALB) for 3,034 shares. Golden Gate Private Equity Incorporated owns 23,000 shares. Capstone Asset Management Com invested 0.04% in Albemarle Corporation (NYSE:ALB). Virginia-based Davenport Communications Lc has invested 0.3% in Albemarle Corporation (NYSE:ALB). Texas Permanent School Fund stated it has 0.04% in Albemarle Corporation (NYSE:ALB). Guggenheim Capital Limited Liability invested in 569,885 shares or 0.14% of the stock. Next Financial Grp Inc Incorporated accumulated 269 shares. Clinton Group invested in 30,700 shares. Aqr Capital Mgmt Ltd Limited Liability Company holds 0.02% or 209,746 shares in its portfolio. Teachers Retirement System Of The State Of Kentucky owns 14,600 shares. Wright Invsts Inc reported 0.13% of its portfolio in Albemarle Corporation (NYSE:ALB).

About 396,297 shares traded. Albemarle Corporation (NYSE:ALB) has risen 45.60% since June 20, 2016 and is uptrending. It has outperformed by 28.90% the S&P500.

Albemarle Corporation is a global developer, maker and marketer of highly-engineered specialty chemicals. The company has market cap of $11.91 billion. The Firm operates through three divisions: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. It has a 43.05 P/E ratio. Lithium and Advanced Materials segment consist of two product categories: Lithium and Performance Catalyst Solutions.

Since January 6, 2017, it had 0 buys, and 6 selling transactions for $1.26 million activity. KISSAM LUTHER C IV had sold 2,542 shares worth $229,949 on Friday, January 6. NARWOLD KAREN G had sold 392 shares worth $35,511. Another trade for 2,783 shares valued at $288,792 was made by Tozier Scott on Thursday, March 2.

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