Bullish Options Activity on Ashland LLC Surges After Better Fundamentals


 Bullish Options Activity on Ashland LLC Surges After Better Fundamentals

In today’s session Ashland LLC (ASH) registered an unusually high (767) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious ASH increase. With 767 contracts traded and 18554 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: ASH161021C00120000 closed last at: $1 or 13% down. The stock decreased 1.08% or $1.24 during the last trading session, hitting $113.41. About 766,724 shares traded hands or 8.02% up from the average. Ashland LLC (NYSE:ASH) has risen 17.01% since March 1, 2016 and is uptrending. It has outperformed by 7.77% the S&P500.

Analysts await Ashland LLC (NYSE:ASH) to report earnings on November, 1. They expect $1.72 EPS, up 6.17% or $0.10 from last year’s $1.62 per share. ASH’s profit will be $107.98 million for 16.48 P/E if the $1.72 EPS becomes a reality. After $1.95 actual EPS reported by Ashland LLC for the previous quarter, Wall Street now forecasts -11.79% negative EPS growth.

Ashland LLC (NYSE:ASH) Ratings Coverage

Out of 5 analysts covering Ashland (NYSE:ASH), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Ashland has been the topic of 12 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Ashland LLC (NYSE:ASH) rating on Friday, July 31. Deutsche Bank has “Buy” rating and $132 price target. The rating was maintained by KeyBanc Capital Markets on Thursday, October 15 with “Overweight”. The stock has “Buy” rating given by Goldman Sachs on Friday, October 9. The stock of Ashland LLC (NYSE:ASH) has “Buy” rating given on Wednesday, January 27 by Monness Crespi & Hardt. Credit Suisse maintained the stock with “Neutral” rating in Wednesday, March 23 report. The stock of Ashland LLC (NYSE:ASH) earned “Buy” rating by Deutsche Bank on Wednesday, September 23. The stock has “Buy” rating given by TheStreet on Tuesday, September 1.

Insitutional Activity: The institutional sentiment increased to 0.87 in Q2 2016. Its up 0.08, from 0.79 in 2016Q1. The ratio improved, as 31 funds sold all Ashland LLC shares owned while 116 reduced positions. 37 funds bought stakes while 91 increased positions. They now own 51.94 million shares or 2.08% less from 53.04 million shares in 2016Q1.
Utd Capital Financial Advisers Ltd Company last reported 3,405 shares in the company. Jpmorgan Chase And holds 89,092 shares or 0% of its portfolio. Advisory Network has invested 0% of its portfolio in Ashland LLC (NYSE:ASH). Bridgewater Associates L P last reported 0.01% of its portfolio in the stock. Sg Americas Ltd Liability Com, a New York-based fund reported 28,203 shares. Brandywine Glob Inv Management Ltd Llc has invested 0.05% of its portfolio in Ashland LLC (NYSE:ASH). Huntington Savings Bank last reported 195 shares in the company. Assetmark holds 0% or 119 shares in its portfolio. Ladenburg Thalmann Services Inc holds 0% of its portfolio in Ashland LLC (NYSE:ASH) for 866 shares. Reilly Advisors Lc accumulated 0.01% or 411 shares. Ontario Teachers Pension Plan Board accumulated 5,389 shares or 0.01% of the stock. The New York-based Ibm Retirement Fund has invested 0.03% in Ashland LLC (NYSE:ASH). South Street Limited Liability Co has 2.87% invested in the company for 79,457 shares. The New York-based Brown Brothers Harriman has invested 0% in Ashland LLC (NYSE:ASH). Bnp Paribas Arbitrage has invested 0.02% of its portfolio in Ashland LLC (NYSE:ASH).

Ashland LLC, formerly Ashland Inc., is engaged in specialty chemicals, and through Valvoline, is a consumer-branded lubricant supplier. The company has a market cap of $7.12 billion. The Firm operates in three divisions: Ashland Specialty Ingredients , Ashland Performance Materials (Performance Materials) and Valvoline. It has a 33.17 P/E ratio. The Company’s Specialty Ingredients segment is engaged in providing cellulose ethers, vinyl pyrrolidones and biofunctionals, and consists of two divisions: Consumer Specialties and Industrial Specialties.

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