Minerals Technologies Inc. (MTX) Stake Boosted by Legal & General Group Plc

Paterniano Del Favero
Agosto 10, 2017

The basic materials company reported $1.23 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.24 by $0.01. About 7,442 shares traded. Dow Chemical Co (NYSE:DOW) has risen 20.72% since August 8, 2016 and is uptrending. It has outperformed by 86.50% the S&P500. Fieldpoint Private Advisors Inc sold 6,655 shares as the company's stock declined 8.37% while stock markets rallied. Adams Diversified Equity Fund Inc. raised its position in shares of Minerals Technologies by 2.5% in the first quarter. About 115,360 shares traded. Minerals Technologies Inc (NYSE:MTX) has risen 31.01% since August 9, 2016 and is uptrending. It has outperformed by 14.31% the S&P500.The move comes after 9 months negative chart setup for the $2.39B company. Therefore 63% are positive. G&K had 5 analyst reports since September 3, 2015 according to SRatingsIntel. The rating was initiated by Erste Group on Wednesday, April 26 with "Hold". UBS downgraded it to "Neutral" rating and $53.0 target in Tuesday, December 15 report. On Monday, June 19 the stock rating was maintained by Jefferies with "Buy". On Tuesday, October 13 the stock rating was upgraded by KeyBanc Capital Markets to "Overweight". The stock of Vale SA (ADR) (NYSE:VALE) has "Buy" rating given on Monday, January 23 by Citigroup. It also reduced Pepsico Inc (NYSE:PEP) stake by 42,300 shares and now owns 104,603 shares. The Firm offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.

Among 2 analysts covering Materialise NV (NASDAQ:MTLS), 1 have Buy rating, 0 Sell and 1 Hold. MTX's SI was 333,400 shares in August as released by FINRA. 22 funds opened positions while 62 raised stakes. Macguire Cheswick Tuttle Invest Counsel Limited Liability Corporation reported 0.05% stake. Credit Suisse Ag owns 44,310 shares or 0% of their USA portfolio. 50 are owned by Ironwood Limited Liability. Moreover, Weber Alan W has 3.33% invested in the company for 85,569 shares. Riverhead Capital Ltd Liability has 1,200 shares for 0.01% of their portfolio. Allianz Asset Ag invested in 0.03% or 367,499 shares. Over the past week, shares are -5.09%. 27,172 were accumulated by Sii Invs Wi. Suntrust Banks holds 788,805 shares or 0.27% of its portfolio. Based on the stock's volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 3.54% and month of 2.36%. 98,369 were reported by Baker Avenue Asset Mgmt Limited Partnership. Recently attention has been given to shares of Minerals Technologies Inc. Also Seekingalpha.com published the news titled: "Minerals Technologies' (MTX) CEO Doug Dietrich on Q1 2017 Results - Earnings ..." on May 05, 2017. The ex-dividend date of this dividend is Wednesday, August 23rd.

Investors sentiment decreased to 0.96 in 2016 Q4. Its down 0.22, from 1.18 in 2016Q3. We see here that Minerals Technologies Inc.

Minerals Tech Incorporated (NYSE:MTX) had a decrease of 18.96% in short interest. Minerals Technologies had 7 analyst reports since August 31, 2015 according to SRatingsIntel. Arizona State Retirement System holds 13,514 shares or 0.02% of its portfolio. 241,469 were reported by Morgan Stanley. Victory Capital Management Inc. boosted its stake in Minerals Technologies by 41.5% in the first quarter.

Several research firms recently issued reports on MTX. The Profund Advisors Llc holds 124,369 shares with $948,000 value, down from 194,909 last quarter. Loomis Sayles & Ltd Partnership holds 0.04% or 217,880 shares.

01/29/2015 - Minerals Technologies Inc. was upgraded to " by analysts at Zacks. Finally, United Services Automobile Association bought a new position in shares of Minerals Technologies during the first quarter worth about $457,000. State Of Tennessee Treasury Department holds 84,515 shares or 0.03% of its portfolio. Pnc Financial Services Incorporated stated it has 48,537 shares. The fund owned 7,562 shares of the basic materials company's stock after buying an additional 152 shares during the period.

Among 3 analysts covering Minerals Technologies (NYSE:MTX), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. On December 29 Wedbush held the company rating at "Outperform" but lowered the price expectation to $66.00 from $70.00. JP Morgan downgraded the stock to "Neutral" rating in Friday, August 19 report. Minerals Technologies Inc has a one bull (extreme weakness) technical rating because it's trading below the 10 day, 50 day and 200 day simple moving averages while the 10-day moving average is below the 50-day moving average and the 50-day moving average is below the 200-day moving average.

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