Restructuring Capital Associates LP Has Cut Holding in Rayonier Advanced Matls (RYAM) as Market Value Declined; A-D-Beadell Investment Counsel Boosted Quanta Services (PWR) Position by $546,890; Market Valuation Declined

August 10, 2018 - By Ira Colvard

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A-D-Beadell Investment Counsel Inc increased its stake in Quanta Services Inc (PWR) by 70% based on its latest 2018Q1 regulatory filing with the SEC. A-D-Beadell Investment Counsel Inc bought 16,085 shares as the company’s stock declined 0.20% with the market. The institutional investor held 39,065 shares of the capital goods company at the end of 2018Q1, valued at $1.34M, up from 22,980 at the end of the previous reported quarter. A-D-Beadell Investment Counsel Inc who had been investing in Quanta Services Inc for a number of months, seems to be bullish on the $5.19B market cap company. The stock decreased 0.32% or $0.11 during the last trading session, reaching $34.59. About 887,916 shares traded. Quanta Services, Inc. (NYSE:PWR) has risen 14.77% since August 10, 2017 and is uptrending. It has outperformed by 2.20% the S&P500. Some Historical PWR News: 26/03/2018 – QUANTA 4Q OPER PROFIT NT$4.11B, EST. NT$5.23B; 03/05/2018 – Quanta Services Sees 2018 Adjusted Ebitda $815.4M-$917M; 29/05/2018 – Quanta Services Presenting at KeyCorp Conference Tomorrow; 03/05/2018 – Quanta Services 1Q Net $37.6M; 03/05/2018 – Quanta Services Sees 2018 EPS $2.07-EPS $2.47; 30/03/2018 – TAIPEI — Earnings at Taiwan’s contract electronics manufacturers are sinking under the weight of surging costs, production problems with the iPhone, and trade tensions between the U.S. and mainland China

Restructuring Capital Associates Lp decreased its stake in Rayonier Advanced Matls Inc (RYAM) by 7.5% based on its latest 2018Q1 regulatory filing with the SEC. Restructuring Capital Associates Lp sold 54,730 shares as the company’s stock declined 8.94% with the market. The hedge fund held 675,155 shares of the major chemicals company at the end of 2018Q1, valued at $14.50M, down from 729,885 at the end of the previous reported quarter. Restructuring Capital Associates Lp who had been investing in Rayonier Advanced Matls Inc for a number of months, seems to be less bullish one the $1.05B market cap company. The stock decreased 0.05% or $0.01 during the last trading session, reaching $20.24. About 229,357 shares traded. Rayonier Advanced Materials Inc. (NYSE:RYAM) has risen 23.51% since August 10, 2017 and is uptrending. It has outperformed by 10.94% the S&P500. Some Historical RYAM News: 21/04/2018 – DJ Rayonier Advanced Materials Inc, Inst Holders, 1Q 2018 (RYAM); 15/05/2018 – Archer Capital Management Exits Position in Rayonier Advanced; 17/04/2018 – 13D CONF: MCGUIRE SEES RYAM UPSIDE TO $34-$61/SHARE; 07/05/2018 – Rayonier Advanced Materials 1Q EPS 38c; 02/05/2018 – Rayonier Advanced Closes Below 50-Day Moving Average; 15/05/2018 – Bowen Hanes & Company Buys 1.5% Position in Rayonier Advanced; 10/04/2018 Rayonier Advanced Materials Announces 2Q 2018 Div of $2.00/Share; 17/04/2018 – CORRECT: MARCATO’S MCGUIRE DISCUSSING RAYONIER ADVANCED; 07/05/2018 – RAYONIER ADVANCED MATERIALS – ANTICIPATES CO WILL SPEND ABOUT $100 MLN TO $110 MLN IN MAINTENANCE CAPITAL EXPENDITURES ACROSS ITS BUSINESSES IN 2018; 07/05/2018 – RAYONIER ADVANCED MATERIALS INC – COMPANY ANTICIPATES SPENDING APPROXIMATELY $45 MLN ON “HIGH-RETURN STRATEGIC PROJECTS” IN 2018

Among 15 analysts covering Quanta Services Inc. (NYSE:PWR), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Quanta Services Inc. had 52 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Mkt Perform” rating by FBR Capital on Friday, May 6. The firm has “Hold” rating given on Wednesday, July 26 by Robert W. Baird. FBR Capital maintained Quanta Services, Inc. (NYSE:PWR) rating on Monday, August 10. FBR Capital has “Outperform” rating and $29 target. Avondale downgraded the shares of PWR in report on Friday, November 18 to “Market Perform” rating. FBR Capital maintained it with “Buy” rating and $53 target in Monday, August 6 report. The firm has “Buy” rating given on Thursday, August 6 by Maxim Group. FBR Capital downgraded Quanta Services, Inc. (NYSE:PWR) rating on Monday, October 19. FBR Capital has “Mkt Perform” rating and $22 target. FBR Capital maintained the shares of PWR in report on Monday, November 9 with “Mkt Perform” rating. As per Friday, August 18, the company rating was upgraded by Citigroup. The stock of Quanta Services, Inc. (NYSE:PWR) earned “Buy” rating by Johnson Rice on Friday, August 4.

Another recent and important Quanta Services, Inc. (NYSE:PWR) news was published by Seekingalpha.com which published an article titled: “Quanta Services (PWR) Q2 2018 Results – Earnings Call Transcript” on August 02, 2018.

Analysts await Rayonier Advanced Materials Inc. (NYSE:RYAM) to report earnings on November, 7. They expect $0.56 earnings per share, up 211.11% or $0.38 from last year’s $0.18 per share. RYAM’s profit will be $29.05M for 9.04 P/E if the $0.56 EPS becomes a reality. After $0.60 actual earnings per share reported by Rayonier Advanced Materials Inc. for the previous quarter, Wall Street now forecasts -6.67% negative EPS growth.

More news for Rayonier Advanced Materials Inc. (NYSE:RYAM) were recently published by: Investorplace.com, which released: “Buy These 6 Low Price-to-Book Stocks for Handsome Returns” on August 08, 2018. Nasdaq.com‘s article titled: “Mid-Morning Market Update: Markets Edge Higher; DISH Tops Q2 Estimates” and published on August 03, 2018 is yet another important article.

Restructuring Capital Associates Lp, which manages about $1.47B and $176.21 million US Long portfolio, upped its stake in Nordstrom Inc (NYSE:JWN) by 25,000 shares to 165,000 shares, valued at $7.99 million in 2018Q1, according to the filing. It also increased its holding in Nuveen Cr Strategies Incm Fd (JQC) by 500,000 shares in the quarter, for a total of 3.19M shares, and has risen its stake in Kohls Corp (NYSE:KSS).

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