Pzena Investment Management Has Lowered By $343,600 Its Associated Banc (ASB) Stake; Kmg Chemicals (KMG) Shorts Raised By 71.44%

November 15, 2017 - By Linda Rogers

Kmg Chemicals Incorporated (NYSE:KMG) had an increase of 71.44% in short interest. KMG’s SI was 227,500 shares in November as released by FINRA. Its up 71.44% from 132,700 shares previously. With 329,900 avg volume, 1 days are for Kmg Chemicals Incorporated (NYSE:KMG)’s short sellers to cover KMG’s short positions. The SI to Kmg Chemicals Incorporated’s float is 2.97%. The stock decreased 3.50% or $1.9 during the last trading session, reaching $52.44. About shares traded. KMG Chemicals, Inc. (NYSE:KMG) has risen 169.63% since November 15, 2016 and is uptrending. It has outperformed by 152.93% the S&P500.

Pzena Investment Management Llc decreased Associated Banc Corp (ASB) stake by 0.58% reported in 2017Q2 SEC filing. Pzena Investment Management Llc sold 13,744 shares as Associated Banc Corp (ASB)’s stock declined 7.25%. The Pzena Investment Management Llc holds 2.37 million shares with $59.60M value, down from 2.38M last quarter. Associated Banc Corp now has $3.69 billion valuation. The stock increased 0.31% or $0.07 during the last trading session, reaching $24.4. About shares traded. Associated Banc Corp (NYSE:ASB) has risen 34.85% since November 15, 2016 and is uptrending. It has outperformed by 18.15% the S&P500.

KMG Chemicals, Inc. manufactures, formulates and globally distributes specialty chemicals. The company has market cap of $781.71 million. The Firm operates businesses selling electronic chemicals, industrial wood treating chemicals, and industrial valve lubricants and sealants. It has a 27.27 P/E ratio. The Firm operates through two divisions: Electronic chemicals and Other chemicals.

Among 3 analysts covering KMG Chemicals (NYSE:KMG), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. KMG Chemicals had 6 analyst reports since August 12, 2015 according to SRatingsIntel. Seaport Global Securities upgraded the shares of KMG in report on Friday, December 11 to “Buy” rating. Zacks downgraded KMG Chemicals, Inc. (NYSE:KMG) on Monday, August 31 to “Hold” rating. The firm earned “Hold” rating on Wednesday, December 14 by Gabelli. The stock of KMG Chemicals, Inc. (NYSE:KMG) has “Neutral” rating given on Wednesday, August 26 by Global Hunter Securities. Gabelli upgraded KMG Chemicals, Inc. (NYSE:KMG) on Monday, May 1 to “Buy” rating. Zacks downgraded KMG Chemicals, Inc. (NYSE:KMG) on Wednesday, August 12 to “Strong-Buy” rating.

Investors sentiment increased to 1.66 in 2017 Q2. Its up 0.11, from 1.55 in 2017Q1. It improved, as 9 investors sold KMG Chemicals, Inc. shares while 35 reduced holdings. 37 funds opened positions while 36 raised stakes. 8.53 million shares or 5.60% more from 8.08 million shares in 2017Q1 were reported. Spark Limited Co owns 22,500 shares. Aqr Mgmt Llc holds 11,530 shares. Axa has invested 0% in KMG Chemicals, Inc. (NYSE:KMG). First L P reported 5,876 shares. Barclays Public Ltd Company owns 5,690 shares or 0% of their US portfolio. Manufacturers Life Ins The holds 0% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG) for 7,228 shares. Panagora Asset Mgmt has 0.02% invested in KMG Chemicals, Inc. (NYSE:KMG). Amer Century invested in 36,153 shares. Legal General Public Ltd Co invested in 2,198 shares or 0% of the stock. Blackrock holds 586,688 shares. State Bank Of Mellon holds 0% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG) for 82,928 shares. Convergence Prtnrs Ltd accumulated 14,363 shares or 0.1% of the stock. Prelude Mngmt Limited Liability Company invested in 1,286 shares. Citigroup Incorporated invested 0% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG). Ltd Co owns 22,807 shares for 0.04% of their portfolio.

Since May 22, 2017, it had 0 insider purchases, and 4 insider sales for $1.23 million activity. On Thursday, June 15 HATCHER DAVID L sold $146,670 worth of KMG Chemicals, Inc. (NYSE:KMG) or 3,000 shares.

Among 14 analysts covering Associated Banc (NYSE:ASB), 1 have Buy rating, 1 Sell and 12 Hold. Therefore 7% are positive. Associated Banc has $28.0 highest and $19 lowest target. $25.89’s average target is 6.11% above currents $24.4 stock price. Associated Banc had 33 analyst reports since October 9, 2015 according to SRatingsIntel. On Friday, August 25 the stock rating was maintained by Robert W. Baird with “Hold”. The stock has “Hold” rating by Jefferies on Friday, September 15. Keefe Bruyette & Woods maintained it with “Hold” rating and $25.0 target in Tuesday, October 3 report. The firm has “Hold” rating given on Friday, September 22 by Keefe Bruyette & Woods. On Wednesday, December 21 the stock rating was initiated by Suntrust Robinson with “Hold”. The stock of Associated Banc Corp (NYSE:ASB) has “Hold” rating given on Thursday, July 20 by Keefe Bruyette & Woods. The company was initiated on Tuesday, January 12 by Stephens. The company was maintained on Friday, March 24 by Wood. RBC Capital Markets maintained Associated Banc Corp (NYSE:ASB) on Friday, January 22 with “Sector Perform” rating. Bank of America upgraded Associated Banc Corp (NYSE:ASB) on Thursday, December 15 to “Neutral” rating.

Pzena Investment Management Llc increased Exxon Mobil Corp (NYSE:XOM) stake by 32,796 shares to 5.22M valued at $421.16M in 2017Q2. It also upped Adr stake by 250,032 shares and now owns 3.84M shares. Avnet Inc (NYSE:AVT) was raised too.

Analysts await Associated Banc Corp (NYSE:ASB) to report earnings on January, 18. They expect $0.38 earnings per share, up 11.76% or $0.04 from last year’s $0.34 per share. ASB’s profit will be $57.47M for 16.05 P/E if the $0.38 EPS becomes a reality. After $0.41 actual earnings per share reported by Associated Banc Corp for the previous quarter, Wall Street now forecasts -7.32% negative EPS growth.

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By1 Linda Rogers

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