Western Alliance Bancorporation (WAL) Forms $54.05 Double Bottom; Koppers Holdings (KOP) Shorts Down By 7.35%

November 15, 2017 - By Maria Brooks

Western Alliance Bancorporation (WAL) formed double bottom with $51.35 target or 5.00% below today’s $54.05 share price. Western Alliance Bancorporation (WAL) has $5.70 billion valuation. The stock increased 0.58% or $0.31 during the last trading session, reaching $54.05. About shares traded. Western Alliance Bancorporation (NYSE:WAL) has risen 29.08% since November 15, 2016 and is uptrending. It has outperformed by 12.38% the S&P500.

Koppers Holdings Incorporated (NYSE:KOP) had a decrease of 7.35% in short interest. KOP’s SI was 138,600 shares in November as released by FINRA. Its down 7.35% from 149,600 shares previously. With 108,100 avg volume, 1 days are for Koppers Holdings Incorporated (NYSE:KOP)’s short sellers to cover KOP’s short positions. The SI to Koppers Holdings Incorporated’s float is 0.68%. The stock decreased 0.42% or $0.2 during the last trading session, reaching $46.95. About shares traded. Koppers Holdings Inc. (NYSE:KOP) has risen 55.42% since November 15, 2016 and is uptrending. It has outperformed by 38.72% the S&P500.

Investors sentiment decreased to 1.09 in Q2 2017. Its down 0.45, from 1.54 in 2017Q1. It turned negative, as 19 investors sold Koppers Holdings Inc. shares while 56 reduced holdings. 24 funds opened positions while 58 raised stakes. 18.14 million shares or 2.17% less from 18.55 million shares in 2017Q1 were reported. Hbk Investments Lp invested 0.02% of its portfolio in Koppers Holdings Inc. (NYSE:KOP). Moreover, Texas Permanent School Fund has 0.01% invested in Koppers Holdings Inc. (NYSE:KOP) for 15,191 shares. Moreover, Renaissance Technology Limited Company has 0.01% invested in Koppers Holdings Inc. (NYSE:KOP) for 183,700 shares. Tower Rech Cap (Trc) has 1,476 shares. Campbell Investment Adviser Limited Com stated it has 8,684 shares. Moreover, Voya Invest Mngmt Lc has 0% invested in Koppers Holdings Inc. (NYSE:KOP) for 33,631 shares. Carroll Fincl Assocs reported 301 shares. Kennedy Management invested in 0.11% or 158,892 shares. Riverhead Mngmt Llc has invested 0% in Koppers Holdings Inc. (NYSE:KOP). Ameritas Investment Incorporated invested in 0% or 1,811 shares. Wells Fargo Mn accumulated 33,677 shares. Ironwood Investment Ltd holds 1.83% or 70,121 shares in its portfolio. Loomis Sayles L P accumulated 833 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Koppers Holdings Inc. (NYSE:KOP). 26,115 were reported by Kbc Nv.

Since May 16, 2017, it had 0 buys, and 1 insider sale for $105,030 activity. 3,000 shares valued at $105,030 were sold by Loadman Thomas D on Wednesday, June 7.

Among 7 analysts covering Koppers Holdings (NYSE:KOP), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Koppers Holdings had 17 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, May 31 by Jefferies. The firm has “Buy” rating given on Thursday, June 30 by Wunderlich. Jefferies maintained Koppers Holdings Inc. (NYSE:KOP) rating on Thursday, July 13. Jefferies has “Hold” rating and $4000 target. Barrington Research maintained it with “Outperform” rating and $50 target in Wednesday, December 28 report. Jefferies maintained Koppers Holdings Inc. (NYSE:KOP) on Thursday, August 31 with “Hold” rating. Barrington Research maintained the stock with “Outperform” rating in Monday, May 8 report. On Wednesday, June 28 the stock rating was upgraded by Wunderlich to “Buy”. First Analysis downgraded Koppers Holdings Inc. (NYSE:KOP) on Thursday, October 15 to “Equal-Weight” rating. The firm earned “Neutral” rating on Monday, July 18 by Monness Crespi & Hardt. Zacks upgraded Koppers Holdings Inc. (NYSE:KOP) on Friday, August 7 to “Sell” rating.

Koppers Holdings Inc. is a global integrated well-known provider of treated wood products, wood treatment chemicals and carbon compounds. The company has market cap of $974.00 million. The Firm operates through three divisions: Railroad and Utility Products and Services , Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). It has a 19.88 P/E ratio. The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.

Among 11 analysts covering Western Alliance Bancorp (NYSE:WAL), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Western Alliance Bancorp had 34 analyst reports since September 8, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $5400 target in Friday, June 23 report. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Friday, September 1. The firm has “Buy” rating given on Wednesday, July 5 by RBC Capital Markets. As per Tuesday, September 12, the company rating was maintained by Piper Jaffray. Jefferies maintained the stock with “Buy” rating in Wednesday, April 5 report. The stock of Western Alliance Bancorporation (NYSE:WAL) earned “Buy” rating by Wood on Tuesday, April 11. The firm has “Overweight” rating given on Tuesday, October 13 by Piper Jaffray. The firm has “Overweight” rating by Barclays Capital given on Monday, July 24. The stock of Western Alliance Bancorporation (NYSE:WAL) earned “Overweight” rating by Barclays Capital on Monday, October 23. The rating was maintained by Macquarie Research with “Outperform” on Monday, October 19.

Analysts await Western Alliance Bancorporation (NYSE:WAL) to report earnings on January, 25. They expect $0.83 earnings per share, up 18.57% or $0.13 from last year’s $0.7 per share. WAL’s profit will be $87.53 million for 16.28 P/E if the $0.83 EPS becomes a reality. After $0.79 actual earnings per share reported by Western Alliance Bancorporation for the previous quarter, Wall Street now forecasts 5.06% EPS growth.

Investors sentiment increased to 1.02 in 2017 Q2. Its up 0.19, from 0.83 in 2017Q1. It increased, as 24 investors sold Western Alliance Bancorporation shares while 98 reduced holdings. 37 funds opened positions while 88 raised stakes. 84.56 million shares or 0.27% less from 84.79 million shares in 2017Q1 were reported. Etrade Cap Ltd Liability Corp accumulated 22,895 shares. Sandler Cap Management holds 7,400 shares. 13,750 are owned by Nomura Incorporated. Sei Investments Com stated it has 0.05% in Western Alliance Bancorporation (NYSE:WAL). Strategic Glob Advsr Limited Liability Com reported 0.46% in Western Alliance Bancorporation (NYSE:WAL). Oak Ridge Limited Liability Corp invested in 0.12% or 73,787 shares. Renaissance Ltd Liability Company reported 7,688 shares. Nicholas Investment Partners L P holds 0.47% or 134,428 shares in its portfolio. Raymond James And Associate, a Florida-based fund reported 25,335 shares. Moreover, Manufacturers Life Ins The has 0.04% invested in Western Alliance Bancorporation (NYSE:WAL). 8,000 are held by Art Advsrs Lc. Cubist Systematic Strategies Lc, Connecticut-based fund reported 3,996 shares. Century holds 401,538 shares. Wfg Advsr Limited Partnership holds 0% or 77 shares in its portfolio. Vanguard Gp Incorporated has 0.02% invested in Western Alliance Bancorporation (NYSE:WAL) for 7.45 million shares.

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By1 Maria Brooks




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