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As Third Pt Reins LTD (TPRE) Valuation Declined, Pdt Partners Has Cut Stake; Albemarle (ALB) Shareholder Integre Asset Management Cut Stake by $2.60 Million

Albemarle Corporation (NYSE:ALB) Logo

Integre Asset Management Llc decreased its stake in Albemarle Corporation (ALB) by 99.2% based on its latest 2017Q4 regulatory filing with the SEC. Integre Asset Management Llc sold 20,126 shares as the company’s stock declined 27.74% with the market. The institutional investor held 162 shares of the major chemicals company at the end of 2017Q4, valued at $21,000, down from 20,288 at the end of the previous reported quarter. Integre Asset Management Llc who had been investing in Albemarle Corporation for a number of months, seems to be less bullish one the $11.62 billion market cap company. The stock increased 0.11% or $0.12 during the last trading session, reaching $104.92. About 2.31 million shares traded or 12.43% up from the average. Albemarle Corporation (NYSE:ALB) has declined 10.68% since May 19, 2017 and is downtrending. It has underperformed by 22.23% the S&P500.

Peter Muller decreased its stake in Third Pt Reins Ltd (TPRE) by 77.46% based on its latest 2017Q4 regulatory filing with the SEC. Pdt Partners Llc sold 171,408 shares as the company’s stock declined 7.89% with the market. The hedge fund run by Peter Muller held 49,892 shares of the property-casualty insurers company at the end of 2017Q4, valued at $731,000, down from 221,300 at the end of the previous reported quarter. Pdt Partners Llc who had been investing in Third Pt Reins Ltd for a number of months, seems to be less bullish one the $1.37 billion market cap company. The stock increased 1.52% or $0.2 during the last trading session, reaching $13.4. About 650,957 shares traded or 17.93% up from the average. Third Point Reinsurance Ltd. (NYSE:TPRE) has risen 19.15% since May 19, 2017 and is uptrending. It has outperformed by 7.60% the S&P500.

Analysts await Third Point Reinsurance Ltd. (NYSE:TPRE) to report earnings on August, 1. They expect $0.45 EPS, down 36.62% or $0.26 from last year’s $0.71 per share. TPRE’s profit will be $46.01M for 7.44 P/E if the $0.45 EPS becomes a reality. After $-0.26 actual EPS reported by Third Point Reinsurance Ltd. for the previous quarter, Wall Street now forecasts -273.08% EPS growth.

More news for Third Point Reinsurance Ltd. (NYSE:TPRE) were recently published by: Seekingalpha.com, which released: “Third Point Reinsurance’s (TPRE) CEO Rob Bredahl on Q1 2018 Results – Earnings Call Transcript” on May 13, 2018. Streetinsider.com‘s article titled: “Third Point Reinsurance Ltd. (TPRE) Misses Q1 EPS by 3c” and published on May 09, 2018 is yet another important article.

Investors sentiment increased to 3.26 in 2017 Q4. Its up 1.02, from 2.24 in 2017Q3. It increased, as 12 investors sold TPRE shares while 22 reduced holdings. 34 funds opened positions while 77 raised stakes. 151.48 million shares or 90.11% more from 79.68 million shares in 2017Q3 were reported. Indexiq Advsrs Limited Liability Company accumulated 116,428 shares. State Of Alaska Department Of Revenue invested 0.01% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE). Kelso & Limited Partnership reported 10.00 million shares. Amalgamated Fincl Bank holds 13,152 shares. Massachusetts Svcs Ma invested 0% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE). Dimensional Fund Advisors Ltd Partnership has 2.21M shares for 0.01% of their portfolio. Capstone Invest Advsr Limited Liability stated it has 0.02% in Third Point Reinsurance Ltd. (NYSE:TPRE). Clarivest Asset Mngmt Limited Liability invested in 110,624 shares or 0.03% of the stock. Meeder Asset Mngmt has invested 0% in Third Point Reinsurance Ltd. (NYSE:TPRE). Pacad Invest Ltd reported 1,500 shares stake. Piedmont Inv Advsr Limited Com reported 17,984 shares or 0.01% of all its holdings. Netherlands-based Robeco Institutional Asset Mgmt Bv has invested 0.1% in Third Point Reinsurance Ltd. (NYSE:TPRE). Peak6 Invs Lp has invested 0% in Third Point Reinsurance Ltd. (NYSE:TPRE). Bnp Paribas Arbitrage Sa accumulated 41,107 shares. Arizona State Retirement holds 0.02% or 146,190 shares in its portfolio.

Among 6 analysts covering Third Point Reinsurance (NYSE:TPRE), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Third Point Reinsurance had 16 analyst reports since August 7, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, August 3 report. On Monday, December 4 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. As per Thursday, May 10, the company rating was upgraded by Keefe Bruyette & Woods. The firm earned “Buy” rating on Wednesday, September 2 by Compass Point. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, November 10. As per Friday, May 11, the company rating was upgraded by Wood. The rating was maintained by Wood on Thursday, October 1 with “Market Perform”. The firm has “Buy” rating by Bank of America given on Tuesday, April 3. Keefe Bruyette & Woods upgraded Third Point Reinsurance Ltd. (NYSE:TPRE) on Monday, May 8 to “Outperform” rating. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, October 16.

Since March 20, 2018, it had 0 insider purchases, and 1 insider sale for $1.47 million activity.

Pdt Partners Llc, which manages about $4.99B and $3.45B US Long portfolio, upped its stake in Suncor Energy Inc New (NYSE:SU) by 94,022 shares to 874,300 shares, valued at $32.10M in 2017Q4, according to the filing. It also increased its holding in Hub Group Inc (NASDAQ:HUBG) by 22,500 shares in the quarter, for a total of 73,900 shares, and has risen its stake in International Game Technolog.

More recent Albemarle Corporation (NYSE:ALB) news were published by: Seekingalpha.com which released: “Albemarle Corporation 2018 Q1 – Results – Earnings Call Slides” on May 10, 2018. Also Investorplace.com published the news titled: “Albemarle Corporation Stock Is a Great Tesla Alternative” on May 14, 2018. Prnewswire.com‘s news article titled: “Lithium Market Value is Set to Increase With the Demand for Li-Ion Batteries” with publication date: May 18, 2018 was also an interesting one.

Analysts await Albemarle Corporation (NYSE:ALB) to report earnings on August, 6. They expect $1.22 EPS, up 7.96% or $0.09 from last year’s $1.13 per share. ALB’s profit will be $135.13M for 21.50 P/E if the $1.22 EPS becomes a reality. After $1.30 actual EPS reported by Albemarle Corporation for the previous quarter, Wall Street now forecasts -6.15% negative EPS growth.

Investors sentiment decreased to 1.01 in Q4 2017. Its down 0.12, from 1.13 in 2017Q3. It worsened, 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. Hightower Advsrs Limited Liability Com invested in 0% or 4,467 shares. Trustmark Commercial Bank Department holds 2,244 shares or 0.03% of its portfolio. Livforsakringsbolaget Skandia Omsesidigt invested 0.02% in Albemarle Corporation (NYSE:ALB). Raymond James And Associates invested in 0.02% or 91,429 shares. Exxonmobil Inv Mngmt Tx accumulated 17,569 shares. Cleararc accumulated 2,823 shares. 15,350 are held by Guild Invest Mgmt. Mutual Of America Mngmt Limited Liability holds 13,093 shares or 0.03% of its portfolio. Metropolitan Life Insur Ny holds 0.03% in Albemarle Corporation (NYSE:ALB) or 17,872 shares. Bb&T Corporation stated it has 0.04% in Albemarle Corporation (NYSE:ALB). Hancock Hldg has 0.05% invested in Albemarle Corporation (NYSE:ALB). Eagle Boston Invest Mngmt Inc has invested 0.18% of its portfolio in Albemarle Corporation (NYSE:ALB). Janney Montgomery Scott Ltd Limited Liability Company has invested 0.01% of its portfolio in Albemarle Corporation (NYSE:ALB). Legal General Group Public Ltd Llc holds 563,863 shares. Investment Of Virginia Ltd Llc reported 9,050 shares.

Albemarle Corporation (NYSE:ALB) Institutional Positions Chart

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