SPX FLOW, Inc. (FLOW) Reaches $48.37 52-Week High; Ivory Investment Management LP Cut Service Intl (SCI) Stake By $38.91 Million

January 14, 2018 - By David Stenberg

The stock of SPX FLOW, Inc. (NYSE:FLOW) hit a new 52-week high and has $52.72 target or 9.00% above today’s $48.37 share price. The 9 months bullish chart indicates low risk for the $2.05 billion company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $52.72 price target is reached, the company will be worth $184.59M more. The stock increased 1.13% or $0.54 during the last trading session, reaching $48.37. About 198,059 shares traded. SPX FLOW, Inc. (NYSE:FLOW) has risen 40.57% since January 14, 2017 and is uptrending. It has outperformed by 23.87% the S&P500.

Ivory Investment Management Lp decreased Service Corp Intl (SCI) stake by 74.58% reported in 2017Q3 SEC filing. Ivory Investment Management Lp sold 1.14 million shares as Service Corp Intl (SCI)’s stock rose 2.01%. The Ivory Investment Management Lp holds 390,027 shares with $13.46M value, down from 1.53 million last quarter. Service Corp Intl now has $7.14 billion valuation. The stock increased 0.58% or $0.22 during the last trading session, reaching $38.07. About 1.02M shares traded. Service Corporation International (NYSE:SCI) has risen 20.29% since January 14, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Investors sentiment increased to 1.23 in 2017 Q3. Its up 0.17, from 1.06 in 2017Q2. It is positive, as 14 investors sold SCI shares while 99 reduced holdings. 47 funds opened positions while 92 raised stakes. 153.11 million shares or 0.62% less from 154.07 million shares in 2017Q2 were reported. Jpmorgan Chase invested 0% of its portfolio in Service Corporation International (NYSE:SCI). Tower Rech Limited Liability Corporation (Trc) holds 0% of its portfolio in Service Corporation International (NYSE:SCI) for 22 shares. Leavell Mngmt has invested 0.08% in Service Corporation International (NYSE:SCI). Zacks Invest owns 0.07% invested in Service Corporation International (NYSE:SCI) for 83,622 shares. Clough Prns LP invested in 199,668 shares or 0.46% of the stock. Advisors Asset Mgmt stated it has 0% of its portfolio in Service Corporation International (NYSE:SCI). Legal & General Grp Public Limited Com accumulated 223,715 shares or 0.01% of the stock. Alliancebernstein Ltd Partnership invested 0.13% in Service Corporation International (NYSE:SCI). Putnam Ltd invested 0.03% of its portfolio in Service Corporation International (NYSE:SCI). Canada Pension Plan Invest Board has invested 0.01% in Service Corporation International (NYSE:SCI). Stratos Wealth Ptnrs Ltd invested 0.03% of its portfolio in Service Corporation International (NYSE:SCI). State Treasurer State Of Michigan holds 0.02% or 70,400 shares in its portfolio. Moreover, Td Asset Management has 0% invested in Service Corporation International (NYSE:SCI) for 22,700 shares. Pacad Limited owns 0.11% invested in Service Corporation International (NYSE:SCI) for 14,700 shares. Envestnet Asset Inc invested in 0% or 17,907 shares.

Ivory Investment Management Lp increased Philip Morris Intl Inc (NYSE:PM) stake by 43,686 shares to 164,816 valued at $18.30M in 2017Q3. It also upped Expedia Inc Del (NASDAQ:EXPE) stake by 130,215 shares and now owns 859,357 shares. Kraft Heinz Co was raised too.

Analysts await Service Corporation International (NYSE:SCI) to report earnings on February, 12. They expect $0.45 EPS, down 4.26% or $0.02 from last year’s $0.47 per share. SCI’s profit will be $84.36M for 21.15 P/E if the $0.45 EPS becomes a reality. After $0.33 actual EPS reported by Service Corporation International for the previous quarter, Wall Street now forecasts 36.36% EPS growth.

Among 5 analysts covering Service Corporation International (NYSE:SCI), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Service Corporation International had 13 analyst reports since October 29, 2015 according to SRatingsIntel. The stock of Service Corporation International (NYSE:SCI) earned “Outperform” rating by Credit Suisse on Thursday, April 28. The stock has “Buy” rating by Oppenheimer on Tuesday, September 26. The stock of Service Corporation International (NYSE:SCI) has “Buy” rating given on Monday, July 17 by Oppenheimer. On Friday, November 3 the stock rating was reinitiated by Credit Suisse with “Outperform”. The firm has “Buy” rating by Oppenheimer given on Wednesday, June 21. Oppenheimer maintained Service Corporation International (NYSE:SCI) rating on Thursday, August 17. Oppenheimer has “Buy” rating and $39.0 target. On Friday, February 12 the stock rating was maintained by Oppenheimer with “Outperform”. The firm has “Buy” rating given on Thursday, November 2 by Oppenheimer. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, August 2. Oppenheimer initiated the shares of SCI in report on Wednesday, November 11 with “Outperform” rating.

Since September 6, 2017, it had 0 buys, and 7 insider sales for $24.32 million activity. WALTRIP W BLAIR had sold 2,000 shares worth $70,146. On Friday, September 8 the insider WEBB MICHAEL R sold $7.01M. RYAN THOMAS L had sold 100,000 shares worth $3.49M. Another trade for 84,679 shares valued at $3.21M was made by WALTRIP R L on Monday, December 11. Another trade for 72,300 shares valued at $2.56 million was made by Sangalis Gregory T on Wednesday, September 13. Moore Tammy R sold $1.44M worth of stock or 41,400 shares. TANZBERGER ERIC D had sold 187,100 shares worth $6.53 million on Wednesday, September 6.

Among 9 analysts covering Spx Flow Inc (NYSE:FLOW), 4 have Buy rating, 2 Sell and 3 Hold. Therefore 44% are positive. Spx Flow Inc had 23 analyst reports since September 29, 2015 according to SRatingsIntel. The stock of SPX FLOW, Inc. (NYSE:FLOW) has “Hold” rating given on Wednesday, April 12 by RBC Capital Markets. Stifel Nicolaus initiated SPX FLOW, Inc. (NYSE:FLOW) rating on Monday, October 5. Stifel Nicolaus has “Buy” rating and $43.0 target. The stock of SPX FLOW, Inc. (NYSE:FLOW) earned “Accumulate” rating by Seaport Global on Thursday, January 21. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, November 25. Bank of America initiated SPX FLOW, Inc. (NYSE:FLOW) on Tuesday, October 13 with “Underperform” rating. The firm earned “Outperform” rating on Thursday, October 1 by Robert W. Baird. Credit Suisse maintained the shares of FLOW in report on Wednesday, April 12 with “Sell” rating. As per Wednesday, October 28, the company rating was initiated by UBS. On Tuesday, August 8 the stock rating was upgraded by Susquehanna to “Positive”. On Thursday, November 19 the stock rating was initiated by William Blair with “Market Perform”.

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By1 David Stenberg







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