KMG Chemicals, Inc. (KMG) Reaches $66.44 After 4.00% Down Move; Convergys (CVG) Shorts Decreased By 3.11%

April 17, 2018 - By Hazel Jackson

Convergys Corporation (NYSE:CVG) Logo

The stock of KMG Chemicals, Inc. (NYSE:KMG) is a huge mover today! The stock decreased 1.48% or $1 during the last trading session, reaching $66.44. About 64,230 shares traded. KMG Chemicals, Inc. (NYSE:KMG) has risen 41.92% since April 17, 2017 and is uptrending. It has outperformed by 30.37% the S&P500.The move comes after 9 months negative chart setup for the $1.03B company. It was reported on Apr, 17 by Barchart.com. We have $63.78 PT which if reached, will make NYSE:KMG worth $41.20M less.

Convergys Corporation (NYSE:CVG) had a decrease of 3.11% in short interest. CVG’s SI was 7.94 million shares in April as released by FINRA. Its down 3.11% from 8.19 million shares previously. With 685,100 avg volume, 12 days are for Convergys Corporation (NYSE:CVG)’s short sellers to cover CVG’s short positions. The SI to Convergys Corporation’s float is 8.69%. The stock increased 0.13% or $0.03 during the last trading session, reaching $23.84. About 179,726 shares traded. Convergys Corporation (NYSE:CVG) has risen 7.77% since April 17, 2017 and is uptrending. It has underperformed by 3.78% the S&P500.

Among 6 analysts covering KMG Chemicals (NYSE:KMG), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. KMG Chemicals had 10 analyst reports since August 12, 2015 according to SRatingsIntel. The company was upgraded on Friday, December 11 by Seaport Global Securities. On Monday, August 31 the stock rating was downgraded by Zacks to “Hold”. The firm has “Neutral” rating given on Wednesday, August 26 by Global Hunter Securities. The stock has “Buy” rating by Gabelli on Monday, May 1. The stock of KMG Chemicals, Inc. (NYSE:KMG) earned “Buy” rating by Seaport Global on Thursday, February 22. KeyBanc Capital Markets maintained it with “Buy” rating and $70.0 target in Wednesday, December 13 report. Zacks downgraded the shares of KMG in report on Wednesday, August 12 to “Strong-Buy” rating. As per Wednesday, December 14, the company rating was downgraded by Gabelli.

KMG Chemicals, Inc., through its subsidiaries, makes, formulates, and distributes specialty chemicals worldwide. The company has market cap of $1.03 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 20.82 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.

Analysts await KMG Chemicals, Inc. (NYSE:KMG) to report earnings on June, 8. They expect $0.87 earnings per share, up 64.15% or $0.34 from last year’s $0.53 per share. KMG’s profit will be $13.49M for 19.09 P/E if the $0.87 EPS becomes a reality. After $1.04 actual earnings per share reported by KMG Chemicals, Inc. for the previous quarter, Wall Street now forecasts -16.35% negative EPS growth.

Since October 20, 2017, it had 0 insider purchases, and 17 sales for $29.20 million activity. HATCHER DAVID L sold $1.93 million worth of KMG Chemicals, Inc. (NYSE:KMG) on Thursday, January 18. GONSER CHRISTOPHER W sold 6,000 shares worth $396,000.

Investors sentiment increased to 1.65 in 2017 Q4. Its up 0.70, from 0.95 in 2017Q3. It is positive, as 21 investors sold KMG Chemicals, Inc. shares while 30 reduced holdings. 35 funds opened positions while 49 raised stakes. 11.87 million shares or 40.19% more from 8.47 million shares in 2017Q3 were reported. Renaissance Tech Ltd Liability has invested 0.04% in KMG Chemicals, Inc. (NYSE:KMG). Ironwood Mgmt Limited Liability Com holds 27,750 shares. Metropolitan Life Ins Company holds 0% or 4,244 shares in its portfolio. Lazard Asset Lc reported 0.05% in KMG Chemicals, Inc. (NYSE:KMG). Citigroup holds 0% in KMG Chemicals, Inc. (NYSE:KMG) or 5,761 shares. Swiss Comml Bank accumulated 22,300 shares. Bnp Paribas Arbitrage Sa has invested 0% in KMG Chemicals, Inc. (NYSE:KMG). Stone Ridge Asset Mgmt Limited Liability Corp owns 11,122 shares. Dimensional Fund L P owns 0.02% invested in KMG Chemicals, Inc. (NYSE:KMG) for 607,920 shares. Products Ltd Liability Company has invested 0.01% in KMG Chemicals, Inc. (NYSE:KMG). Parametric Port Assoc Ltd holds 0% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG) for 36,609 shares. Goldman Sachs reported 14,049 shares stake. Rhumbline Advisers has invested 0% in KMG Chemicals, Inc. (NYSE:KMG). Moreover, First Limited Partnership has 0% invested in KMG Chemicals, Inc. (NYSE:KMG) for 10,729 shares. Gsa Cap Prns Llp accumulated 20,434 shares.

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.09, from 1.09 in 2017Q3. It worsened, as 18 investors sold Convergys Corporation shares while 84 reduced holdings. 38 funds opened positions while 64 raised stakes. 88.84 million shares or 5.72% less from 94.23 million shares in 2017Q3 were reported. Bahl And Gaynor stated it has 23,648 shares or 0.01% of all its holdings. Northern Trust Corporation reported 3.52 million shares or 0.02% of all its holdings. Arizona State Retirement Systems stated it has 66,512 shares. Koch Industry reported 0.07% in Convergys Corporation (NYSE:CVG). Goldman Sachs Grp owns 3.04 million shares. Texas-based Teacher Retirement Systems Of Texas has invested 0% in Convergys Corporation (NYSE:CVG). Pacad has invested 0.02% in Convergys Corporation (NYSE:CVG). Sg Americas Securities Ltd Liability holds 70,551 shares. State Treasurer State Of Michigan has invested 0.01% in Convergys Corporation (NYSE:CVG). Sei Invests accumulated 213 shares or 0% of the stock. Piedmont Inv Advsr Ltd stated it has 0.03% in Convergys Corporation (NYSE:CVG). Dean Cap Mgmt holds 1.19% of its portfolio in Convergys Corporation (NYSE:CVG) for 106,966 shares. Acadian Asset Mngmt Ltd Com reported 0% stake. Indexiq Limited Liability Corporation holds 66,613 shares or 0.06% of its portfolio. Alliancebernstein Ltd Partnership owns 3.12M shares.

Among 8 analysts covering Convergys Corp (NYSE:CVG), 0 have Buy rating, 0 Sell and 8 Hold. Therefore 0 are positive. Convergys Corp had 17 analyst reports since August 14, 2015 according to SRatingsIntel. Sidoti upgraded the shares of CVG in report on Wednesday, January 6 to “Buy” rating. The rating was maintained by SunTrust on Monday, October 9 with “Hold”. The stock of Convergys Corporation (NYSE:CVG) has “Hold” rating given on Friday, September 4 by Zacks. The firm earned “Market Perform” rating on Thursday, February 25 by Wells Fargo. The rating was downgraded by SunTrust to “Hold” on Wednesday, February 15. Robert W. Baird maintained Convergys Corporation (NYSE:CVG) rating on Friday, September 15. Robert W. Baird has “Hold” rating and $24.0 target. The firm has “Hold” rating by Robert W. Baird given on Thursday, January 25. The stock has “Neutral” rating by Citigroup on Friday, November 10. The company was upgraded on Wednesday, August 26 by Zacks. The stock has “Sell” rating by Zacks on Friday, August 14.

Since March 5, 2018, it had 0 insider purchases, and 2 insider sales for $777,901 activity. Ayers Andrea J. also sold $697,413 worth of Convergys Corporation (NYSE:CVG) shares. Another trade for 3,399 shares valued at $80,488 was sold by Greenwald Taylor C.

Convergys Corporation provides customer management services to communications and media, technology, financial services, retail, and healthcare industries in North America and internationally. The company has market cap of $2.18 billion. The firm offers solutions across the customer lifecycle, including sales, customer service, technical support, customer retention, and collection services; and solutions in contact center technology comprising multichannel interaction, cross-channel integration framework, real-time decisioning engine, robotic process automation, intelligent notification, campaign management, personalized care, personalized selling, agent productivity, and retention solutions. It has a 19.54 P/E ratio. It also provides analytics and consulting, and software solutions, including integrated customer experience analytics, post-contact surveys, relational loyalty research, customer segmentation and profiling, call elimination analysis, analysis of customer effort, digital channel optimization, and integrated contact center analytics solutions, as well as voice of customer SaaS software for measuring customer satisfaction.

KMG Chemicals, Inc. (NYSE:KMG) Institutional Positions Chart

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