Rayonier Advanced Matls (RYAM) Stock Rose While Archer Capital Management LP Decreased by $21.34 Million Its Stake; As Alibaba Group Hldg LTD (BABA) Stock Price Rose, Hillhouse Capital Management LTD Has Trimmed by $98.29 Million Its Position

April 19, 2018 - By Pete Kolinski

Rayonier Advanced Materials Inc. (NYSE:RYAM) Logo

Lei Zhang decreased its stake in Alibaba Group Hldg Ltd (BABA) by 16% based on its latest 2017Q4 regulatory filing with the SEC. Hillhouse Capital Management Ltd sold 571,429 shares as the company’s stock rose 3.18% while stock markets declined. The hedge fund run by Lei Zhang held 3.00M shares of the business services company at the end of 2017Q4, valued at $517.12M, down from 3.57 million at the end of the previous reported quarter. Hillhouse Capital Management Ltd who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $469.39 billion market cap company. The stock increased 2.23% or $3.98 during the last trading session, reaching $182.68. About 16.97M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since April 19, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Eric Edidin decreased its stake in Rayonier Advanced Matls Inc (RYAM) by 65.65% based on its latest 2017Q4 regulatory filing with the SEC. Archer Capital Management Lp sold 1.07M shares as the company’s stock rose 5.81% while stock markets declined. The hedge fund run by Eric Edidin held 558,391 shares of the major chemicals company at the end of 2017Q4, valued at $11.42 million, down from 1.63M at the end of the previous reported quarter. Archer Capital Management Lp who had been investing in Rayonier Advanced Matls Inc for a number of months, seems to be less bullish one the $1.16B market cap company. The stock decreased 0.04% or $0.01 during the last trading session, reaching $22.3. About 1.56 million shares traded or 65.13% up from the average. Rayonier Advanced Materials Inc. (NYSE:RYAM) has risen 69.18% since April 19, 2017 and is uptrending. It has outperformed by 57.63% the S&P500.

Among 38 analysts covering Alibaba (NYSE:BABA), 36 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 171 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Overweight” rating by JP Morgan on Tuesday, June 27. China Renaissance Securities (US) Inc. maintained it with “Buy” rating and $230.0 target in Thursday, January 25 report. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Friday, April 15 by Needham. The rating was maintained by KeyBanc Capital Markets on Friday, February 2 with “Buy”. The firm earned “Buy” rating on Thursday, March 24 by Deutsche Bank. The rating was maintained by Oppenheimer on Tuesday, March 6 with “Buy”. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Robert W. Baird on Monday, November 13. Needham maintained Alibaba Group Holding Limited (NYSE:BABA) on Thursday, October 20 with “Buy” rating. The firm earned “Overweight” rating on Friday, August 12 by JP Morgan. The firm earned “Buy” rating on Monday, July 10 by Stifel Nicolaus.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on May, 4 before the open. They expect $0.71 earnings per share, up 82.05% or $0.32 from last year’s $0.39 per share. BABA’s profit will be $1.82B for 64.32 P/E if the $0.71 EPS becomes a reality. After $1.34 actual earnings per share reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts -47.01% negative EPS growth.

Hillhouse Capital Management Ltd, which manages about $11.07 billion and $5.89B US Long portfolio, upped its stake in Sina Corp (NASDAQ:SINA) by 935,223 shares to 1.62M shares, valued at $162.47M in 2017Q4, according to the filing. It also increased its holding in Myokardia Inc by 276,787 shares in the quarter, for a total of 469,000 shares, and has risen its stake in Tal Ed Group (NYSE:XRS).

Analysts await Rayonier Advanced Materials Inc. (NYSE:RYAM) to report earnings on May, 7. They expect $0.43 earnings per share, up 186.67% or $0.28 from last year’s $0.15 per share. RYAM’s profit will be $22.29M for 12.97 P/E if the $0.43 EPS becomes a reality. After $0.50 actual earnings per share reported by Rayonier Advanced Materials Inc. for the previous quarter, Wall Street now forecasts -14.00% negative EPS growth.

Among 6 analysts covering Rayonier Advanced Materials Inc (NYSE:RYAM), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Rayonier Advanced Materials Inc had 24 analyst reports since August 21, 2015 according to SRatingsIntel. RBC Capital Markets downgraded the shares of RYAM in report on Friday, December 4 to “Underperform” rating. RBC Capital Markets maintained Rayonier Advanced Materials Inc. (NYSE:RYAM) on Tuesday, May 30 with “Buy” rating. The stock of Rayonier Advanced Materials Inc. (NYSE:RYAM) earned “Buy” rating by Vertical Research on Monday, May 29. The firm has “Buy” rating by RBC Capital Markets given on Thursday, November 2. On Friday, May 26 the stock rating was upgraded by Bank of America to “Buy”. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, September 13. The firm earned “Buy” rating on Monday, July 24 by Vertical Research. The rating was upgraded by Atlantic Securities to “Hold” on Wednesday, August 10. RBC Capital Markets maintained Rayonier Advanced Materials Inc. (NYSE:RYAM) rating on Wednesday, February 3. RBC Capital Markets has “Sector Perform” rating and $8 target. RBC Capital Markets maintained the shares of RYAM in report on Sunday, August 20 with “Buy” rating.

Archer Capital Management Lp, which manages about $1.86 billion and $259.28M US Long portfolio, upped its stake in Xerium Technologies Inc (NYSE:XRM) by 708,992 shares to 730,522 shares, valued at $3.11 million in 2017Q4, according to the filing.

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