As Albemarle (ALB) Valuation Rose, Harvey Capital Management Has Boosted by $3.57 Million Its Holding; As Chunghwa Telecom Co LTD Spon (CHT) Stock Value Rose, Cambridge Investment Research Advisors Has Lifted Its Stake by $466,786

February 24, 2018 - By Linda Rogers

Cambridge Investment Research Advisors Inc increased its stake in Chunghwa Telecom Co Ltd Spon (CHT) by 24.27% based on its latest 2017Q3 regulatory filing with the SEC. Cambridge Investment Research Advisors Inc bought 13,729 shares as the company’s stock rose 6.60% with the market. The institutional investor held 70,298 shares of the public utilities company at the end of 2017Q3, valued at $2.40 million, up from 56,569 at the end of the previous reported quarter. Cambridge Investment Research Advisors Inc who had been investing in Chunghwa Telecom Co Ltd Spon for a number of months, seems to be bullish on the $29.17B market cap company. The stock increased 1.46% or $0.54 during the last trading session, reaching $37.5. About 74,118 shares traded. Chunghwa Telecom Co., Ltd. (NYSE:CHT) has risen 3.93% since February 24, 2017 and is uptrending. It has underperformed by 12.77% the S&P500.

Harvey Capital Management Inc increased its stake in Albemarle Corp (ALB) by 222.15% based on its latest 2017Q3 regulatory filing with the SEC. Harvey Capital Management Inc bought 26,280 shares as the company’s stock rose 20.02% with the market. The institutional investor held 38,110 shares of the major chemicals company at the end of 2017Q3, valued at $5.19M, up from 11,830 at the end of the previous reported quarter. Harvey Capital Management Inc who had been investing in Albemarle Corp for a number of months, seems to be bullish on the $13.12 billion market cap company. The stock increased 4.46% or $5.07 during the last trading session, reaching $118.75. About 2.14 million shares traded or 20.05% up from the average. Albemarle Corporation (NYSE:ALB) has risen 45.60% since February 24, 2017 and is uptrending. It has outperformed by 28.90% the S&P500.

Among 3 analysts covering Chunghwa Telecom Co. (NYSE:CHT), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Chunghwa Telecom Co. had 5 analyst reports since August 4, 2015 according to SRatingsIntel. As per Tuesday, August 4, the company rating was upgraded by Zacks. The rating was upgraded by Citigroup on Tuesday, August 25 to “Neutral”. UBS upgraded the shares of CHT in report on Tuesday, May 3 to “Buy” rating. The firm earned “Neutral” rating on Thursday, April 28 by Citigroup. The stock has “Neutral” rating by Credit Suisse on Friday, January 8.

Cambridge Investment Research Advisors Inc, which manages about $19.96 billion and $7.44 billion US Long portfolio, decreased its stake in Powershares Etf Tr Ii Sovereign (PCY) by 136,568 shares to 188,935 shares, valued at $5.63M in 2017Q3, according to the filing. It also reduced its holding in Vanguard Intl Equity Index F Allwrld (VEU) by 6,733 shares in the quarter, leaving it with 408,185 shares, and cut its stake in Mckesson (NYSE:MCK).

Among 22 analysts covering Albemarle Corporation (NYSE:ALB), 14 have Buy rating, 0 Sell and 8 Hold. Therefore 64% are positive. Albemarle Corporation had 64 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by Citigroup on Tuesday, August 9. The firm has “Buy” rating by Jefferies given on Thursday, May 12. The firm earned “Buy” rating on Thursday, May 12 by Deutsche Bank. Jefferies maintained the shares of ALB in report on Monday, October 23 with “Buy” rating. The stock of Albemarle Corporation (NYSE:ALB) has “Buy” rating given on Thursday, July 13 by RBC Capital Markets. The firm has “Hold” rating by Suntrust Robinson given on Wednesday, August 9. The firm earned “Buy” rating on Friday, September 1 by KeyBanc Capital Markets. The firm has “Buy” rating by Oppenheimer given on Thursday, November 9. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, March 17. The firm earned “Outperform” rating on Wednesday, March 1 by RBC Capital Markets.

Investors sentiment decreased to 1.13 in Q3 2017. Its down 0.12, from 1.25 in 2017Q2. It turned negative, as 53 investors sold ALB shares while 158 reduced holdings. 77 funds opened positions while 161 raised stakes. 95.18 million shares or 4.66% more from 90.94 million shares in 2017Q2 were reported. Lenox Wealth Mgmt Inc reported 300 shares. New Mexico Educational Retirement Board reported 10,300 shares. Moreover, Welch Grp Limited Liability has 0.05% invested in Albemarle Corporation (NYSE:ALB) for 2,207 shares. Advisor Prns Limited Liability holds 1,768 shares. Eqis Capital Inc holds 0.05% or 6,407 shares. Carroll Fincl Assoc Inc accumulated 0.02% or 987 shares. Wills Fincl Inc owns 0.17% invested in Albemarle Corporation (NYSE:ALB) for 1,740 shares. Riverhead Management Lc has 18,642 shares. 265,256 were reported by Credit Suisse Ag. Public Sector Pension Investment Board holds 12,214 shares or 0.01% of its portfolio. Mastrapasqua Asset Incorporated has invested 1.36% of its portfolio in Albemarle Corporation (NYSE:ALB). Moreover, Acadian Asset Mngmt Lc has 0% invested in Albemarle Corporation (NYSE:ALB). Jaffetilchin Investment Ltd Liability owns 2,182 shares for 0.07% of their portfolio. Assetmark invested in 41,069 shares or 0.06% of the stock. Nomura Asset Mngmt holds 15,282 shares or 0.03% of its portfolio.

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By1 Linda Rogers

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