Ownership Action To Observe: Ashland Inc (NYSE:ASH) Institutional Investors Q2 2016 Sentiment

November 29, 2016 - By Winifred Garcia   ·   0 Comments

Ownership Action To Observe: Ashland Inc (NYSE:ASH) Institutional Investors  Q2 2016 Sentiment

Sentiment for Ashland Inc (NYSE:ASH)

Ashland Inc (NYSE:ASH) institutional sentiment decreased to 0.02 in Q2 2016. Its down -0.85, from 0.87 in 2016Q1. The ratio has worsened, as 128 hedge funds started new and increased equity positions, while 147 sold and reduced their stakes in Ashland Inc. The hedge funds in our partner’s database now have: 51.94 million shares, down from 53.04 million shares in 2016Q1. Also, the number of hedge funds holding Ashland Inc in their top 10 equity positions was flat from 3 to 3 for the same number . Sold All: 31 Reduced: 116 Increased: 91 New Position: 37.

The stock decreased 1.51% or $1.74 during the last trading session, hitting $113.38. Ashland Global Holdings Inc. (NYSE:ASH) has declined 1.97% since April 26, 2016 and is downtrending. It has underperformed by 7.23% the S&P500.

Analysts await Ashland Global Holdings Inc. (NYSE:ASH) to report earnings on January, 23. They expect $1.12 EPS, down 20.57% or $0.29 from last year’s $1.41 per share. ASH’s profit will be $70.73M for 25.31 P/E if the $1.12 EPS becomes a reality. After $1.52 actual EPS reported by Ashland Global Holdings Inc. for the previous quarter, Wall Street now forecasts -26.32% negative EPS growth.

According to Zacks Investment Research, “Ashland Global Holdings Inc. is engaged in providing specialty chemical solutions. It serves consumer and industrial markets which includes adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical sector. Ashland Global Holdings Inc., formerly known as Ashland Inc., is based in Covington, United States.”

Banbury Partners Llc holds 10.36% of its portfolio in Ashland Global Holdings Inc. for 246,274 shares. Holowesko Partners Ltd. owns 890,500 shares or 8.59% of their US portfolio. Moreover, Miura Global Management Llc has 3.39% invested in the company for 275,000 shares. The New York-based South Street Advisors Llc has invested 2.87% in the stock. Omega Advisors Inc., a New York-based fund reported 824,474 shares.#img1#

Ashland Global Holdings Inc. (NYSE:ASH) Ratings Coverage

Ratings analysis reveals 80% of Ashland’s analysts are positive. Out of 5 Wall Street analysts rating Ashland, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $6 while the high is $140. The stock’s average target of $108.50 is -4.30% below today’s ($113.38) share price. ASH was included in 12 notes of analysts from July 31, 2015. Monness Crespi & Hardt maintained the shares of ASH in a report on Wednesday, January 27 with “Buy” rating. As per Thursday, October 15, the company rating was maintained by KeyBanc Capital Markets. On Tuesday, September 1 the stock rating was downgraded by TheStreet to “Buy”. The stock of Ashland Global Holdings Inc. (NYSE:ASH) earned “Buy” rating by Goldman Sachs on Friday, October 9. The stock has “Buy” rating given by Deutsche Bank on Friday, July 31. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, March 23. Deutsche Bank maintained the shares of ASH in a report on Wednesday, September 23 with “Buy” rating.

ASH Company Profile

Ashland Global Holdings Inc, formerly Ashland LLC, incorporated on March 15, 2004, is engaged in specialty chemicals, and through Valvoline, is a consumer-branded lubricant supplier. The Firm provides products, services and solutions to clients in various industries in over 100 countries. The Firm operates in three divisions: Ashland Specialty Ingredients (Specialty Ingredients), Ashland Performance Materials (Performance Materials) and Valvoline. The Company’s chemistry is used in various markets and applications, including architectural coatings, adhesives, automotive, construction, energy, food and beverage, personal care and pharmaceutical.

Another recent and important Ashland Global Holdings Inc. (NYSE:ASH) news was published by Marketwatch.com which published an article titled: “Ashland Global Holdings Inc.” on June 23, 2009.

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By Winifred Garcia

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