Institutional Investors Are Selling KMG Chemicals Inc (NYSE:KMG)

June 16, 2018 - By Ellis Scott

KMG Chemicals, Inc. (NYSE:KMG) Logo

Sentiment for KMG Chemicals Inc (NYSE:KMG)

KMG Chemicals Inc (NYSE:KMG) institutional sentiment decreased to 1.11 in Q1 2018. Its down -0.54, from 1.65 in 2017Q4. The ratio has dropped, as 63 institutional investors increased and started new stock positions, while 57 decreased and sold their holdings in KMG Chemicals Inc. The institutional investors in our partner’s database now possess: 12.99 million shares, up from 11.87 million shares in 2017Q4. Also, the number of institutional investors holding KMG Chemicals Inc in their top 10 stock positions decreased from 4 to 3 for a decrease of 1. Sold All: 16 Reduced: 41 Increased: 39 New Position: 24.

KMG Chemicals, Inc., through its subsidiaries, makes, formulates, and distributes specialty chemicals worldwide. The company has market cap of $1.21 billion. The companyÂ’s Electronic Chemicals segment is involved in the sale of high purity and ultra purity wet process chemicals primarily to clean and etch silicon wafers in the production of semiconductors. It has a 24.5 P/E ratio. This segmentÂ’s products include sulfuric, phosphoric, and nitric and hydrofluoric acids; ammonium hydroxide; hydrogen peroxide; isopropyl alcohol; other specialty organic solvents; and various blends of chemicals.

The stock increased 0.27% or $0.21 during the last trading session, reaching $78.17. About 155,120 shares traded or 19.75% up from the average. KMG Chemicals, Inc. (NYSE:KMG) has risen 15.76% since June 16, 2017 and is uptrending. It has outperformed by 3.19% the S&P500.

Trigran Investments Inc. holds 6.05% of its portfolio in KMG Chemicals, Inc. for 477,776 shares. Bard Associates Inc owns 55,820 shares or 1.67% of their US portfolio. Moreover, Redwood Investments Llc has 1.26% invested in the company for 284,563 shares. The Massachusetts-based Ironwood Investment Management Llc has invested 1.22% in the stock. Hood River Capital Management Llc, a Oregon-based fund reported 295,801 shares.

Since January 1, 0001, it had 0 insider purchases, and 12 sales for $26.54 million activity.

KMG Chemicals, Inc. (NYSE:KMG) Ratings Coverage

Ratings analysis reveals 33% of KMG Chemicals’s analysts are positive. Out of 3 Wall Street analysts rating KMG Chemicals, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $73 while the high is $74.0. The stock’s average target of $70 is -10.45% below today’s ($78.17) share price. KMG was included in 3 notes of analysts from January 22, 2018. KeyBanc Capital Markets downgraded the shares of KMG in report on Wednesday, June 13 to “Sector Weight” rating. Seaport Global maintained the stock with “Buy” rating in Thursday, February 22 report.

More important recent KMG Chemicals, Inc. (NYSE:KMG) news were published by: Nasdaq.com which released: “KMG Declares Quarterly Dividend” on June 05, 2018, also Benzinga.com published article titled: “KeyBanc Downgrades KMG Chemicals On Valuation, Says ‘The Future Is Not Without Some Uncertainty'”, Globenewswire.com published: “KMG Schedules Fiscal Third Quarter 2018 Results Call” on May 31, 2018. More interesting news about KMG Chemicals, Inc. (NYSE:KMG) was released by: Globenewswire.com and their article: “Analysis: Positioning to Benefit within Shiloh Industries, KMG Chemicals, Quad Graphics, Kearny Financial, Teledyne …” with publication date: May 29, 2018.

KMG Chemicals, Inc. (NYSE:KMG) Institutional Positions Chart

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