Anchor Bolt Capital LP Decreased By $1.39 Million Its Albemarle (ALB) Stake; 14 Analysts Bullish Alder Biopharmaceuticals, Inc. (ALDR)

April 23, 2018 - By Marie Mckinney

Albemarle Corporation (NYSE:ALB) Logo

Anchor Bolt Capital Lp decreased Albemarle Corp (ALB) stake by 4.13% reported in 2017Q4 SEC filing. Anchor Bolt Capital Lp sold 10,977 shares as Albemarle Corp (ALB)’s stock declined 27.74%. The Anchor Bolt Capital Lp holds 254,665 shares with $32.57M value, down from 265,642 last quarter. Albemarle Corp now has $10.79 billion valuation. The stock decreased 0.31% or $0.3 during the last trading session, reaching $97.45. About 477,675 shares traded. Albemarle Corporation (NYSE:ALB) has declined 10.68% since April 23, 2017 and is downtrending. It has underperformed by 22.23% the S&P500.

Among 16 analysts covering Alder Biopharmaceuticals (NASDAQ:ALDR), 14 have Buy rating, 1 Sell and 1 Hold. Therefore 88% are positive. Alder Biopharmaceuticals had 34 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating by Needham given on Tuesday, June 27. The stock of Alder Biopharmaceuticals, Inc. (NASDAQ:ALDR) has “Buy” rating given on Wednesday, July 27 by Jefferies. Piper Jaffray initiated the shares of ALDR in report on Monday, October 31 with “Overweight” rating. The stock of Alder Biopharmaceuticals, Inc. (NASDAQ:ALDR) has “Hold” rating given on Thursday, August 24 by Credit Suisse. The stock of Alder Biopharmaceuticals, Inc. (NASDAQ:ALDR) has “Buy” rating given on Tuesday, January 30 by Canaccord Genuity. The stock has “Buy” rating by Needham on Monday, July 17. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, February 8. Needham maintained the stock with “Buy” rating in Wednesday, November 8 report. Credit Suisse downgraded it to “Hold” rating and $1700 target in Wednesday, June 28 report. As per Thursday, June 8, the company rating was maintained by Needham. See Alder Biopharmaceuticals, Inc. (NASDAQ:ALDR) latest ratings:

08/02/2018 Broker: Canaccord Genuity Rating: Buy New Target: $20.0 Maintain
30/01/2018 Broker: Canaccord Genuity Rating: Buy New Target: $20.0 Maintain
12/01/2018 Broker: Canaccord Genuity Rating: Buy New Target: $22.0 Maintain
08/01/2018 Broker: RBC Capital Markets Rating: Buy New Target: $26.0 Maintain
08/01/2018 Broker: BMO Capital Markets Rating: Buy New Target: $26.0 Maintain
02/01/2018 Broker: BMO Capital Markets Rating: Buy New Target: $22.0 Maintain
08/11/2017 Broker: Needham Rating: Buy New Target: $26.0 Maintain
27/10/2017 Broker: Canaccord Genuity Rating: Buy New Target: $20 Initiates Coverage On

The stock decreased 0.73% or $0.1 during the last trading session, reaching $13.65. About 571,814 shares traded. Alder Biopharmaceuticals, Inc. (NASDAQ:ALDR) has declined 46.26% since April 23, 2017 and is downtrending. It has underperformed by 57.81% the S&P500.

Alder BioPharmaceuticals, Inc., a clinical-stage biopharmaceutical company, discovers, develops, and commercializes therapeutic antibodies in the United States, Australia, and Ireland. The company has market cap of $926.08 million. The companyÂ’s lead product candidate includes ALD403, an antibody, which is in Phase II clinical trial to target calcitonin gene-related peptide for the prevention of migraine. It currently has negative earnings. It also develops ALD1910, a genetically engineered monoclonal antibody that is in preclinical study for the treatment of migraine; and Clazakizumab, an antibody, which has been completed Phase IIb clinical trial that inhibits the pro-inflammatory cytokine interleukin-6 for the treatment of rheumatoid and psoriatic arthritis.

Anchor Bolt Capital Lp increased Halliburton Co (NYSE:HAL) stake by 582,821 shares to 1.17 million valued at $57.22M in 2017Q4. It also upped Quanta Svcs Inc (NYSE:PWR) stake by 56,798 shares and now owns 478,993 shares. Warrior Met Coal Inc was raised too.

Among 23 analysts covering Albemarle Corporation (NYSE:ALB), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. Albemarle Corporation had 78 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, November 9 with “Buy”. The stock of Albemarle Corporation (NYSE:ALB) earned “Outperform” rating by RBC Capital Markets on Friday, March 17. KeyBanc Capital Markets maintained the shares of ALB in report on Monday, October 16 with “Buy” rating. The firm has “Buy” rating by Nomura given on Tuesday, October 10. Citigroup maintained it with “Buy” rating and $95 target in Tuesday, August 9 report. The firm earned “Outperform” rating on Thursday, February 23 by RBC Capital Markets. BMO Capital Markets maintained Albemarle Corporation (NYSE:ALB) on Friday, March 2 with “Outperform” rating. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, February 28. The company was maintained on Monday, November 13 by Citigroup. The rating was maintained by Jefferies on Friday, June 16 with “Buy”.

Investors sentiment decreased to 1.01 in 2017 Q4. Its down 0.12, from 1.13 in 2017Q3. It is negative, as 42 investors sold ALB shares while 182 reduced holdings. 82 funds opened positions while 144 raised stakes. 92.86 million shares or 2.44% less from 95.18 million shares in 2017Q3 were reported. Envestnet Asset Mgmt Inc, a Illinois-based fund reported 23,357 shares. Qs Invsts Limited Liability Corp owns 4,100 shares. Winch Advisory Serv Llc invested in 0.04% or 491 shares. Stifel Fin holds 0% or 5,510 shares in its portfolio. Canada Pension Plan Inv Board holds 65,710 shares. Swiss Bancorp accumulated 0.06% or 409,606 shares. 6,581 are owned by Capital Fund Mgmt. Hancock invested in 0.05% or 9,255 shares. Markel reported 0.18% in Albemarle Corporation (NYSE:ALB). Iridian Asset Mgmt Ltd Ct stated it has 1.49% of its portfolio in Albemarle Corporation (NYSE:ALB). Benedict Fincl Advisors owns 6,755 shares or 0.42% of their US portfolio. Mirae Asset Global Invests Commerce Limited has invested 0.12% of its portfolio in Albemarle Corporation (NYSE:ALB). Highlander Capital Mngmt Ltd Liability Corp reported 0.09% stake. 8,969 are owned by Strs Ohio. Lombard Odier Asset Mgmt (Switzerland) Sa holds 17,774 shares.

Albemarle Corporation (NYSE:ALB) Institutional Positions Chart

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