Nine Masts Capital LTD Has Cut Kt (KT) Position by $2.08 Million; Westlake Chem (WLK) Holder Avalon Advisors Has Decreased Stake by $2.02 Million as Share Price Declined

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Nine Masts Capital Ltd decreased its stake in Kt Corp (KT) by 34.29% based on its latest 2018Q2 regulatory filing with the SEC. Nine Masts Capital Ltd sold 160,321 shares as the company’s stock declined 2.96% while stock markets rallied. The hedge fund held 307,271 shares of the telecommunications equipment company at the end of 2018Q2, valued at $4.08M, down from 467,592 at the end of the previous reported quarter. Nine Masts Capital Ltd who had been investing in Kt Corp for a number of months, seems to be less bullish one the $6.68 billion market cap company. The stock increased 1.67% or $0.25 during the last trading session, reaching $15.23. About 2.45 million shares traded or 132.12% up from the average. KT Corporation (NYSE:KT) has declined 9.23% since December 8, 2017 and is downtrending. It has underperformed by 24.85% the S&P500. Some Historical KT News: 18/04/2018 – BHP BILLITON LTD – QTRLY TOTAL COPPER PRODUCTION 457 KT VS 227 KT LAST YEAR; 20/04/2018 – GLOBAL ALUMINUM PRODUCTION WAS 176.8 KT/DAY IN MONTH: IAI; 02/05/2018 – Aquantia Collaborates With KT to Deliver Multi-Gig Ethernet to Korean Homes; 05/04/2018 – newsbox.ch/ NAGRA and KT Skylife expand content protection partnership with NexGuard watermarking; 17/04/2018 – RIO TINTO LTD – QTRLY ALUMINIUM PRODUCTION 846 KT VS 889 KT A YEAR AGO; 02/05/2018 – KT Corp. 1Q Op Pft KRW397.10B Vs KRW417.00B; 22/05/2018 – KT Corp. Launches Task Force for Inter-Korean Cooperation; 02/04/2018 – Keysight Technologies, KT Corporation Sign Memorandum of Understanding to Collaborate on 5G New Radio Technology; 02/05/2018 – KT CORP 1Q PARENT NET 316.8B WON; 22/03/2018 South Korea’s KT to launch 5G service for businesses next March

Avalon Advisors Llc decreased its stake in Westlake Chem Corp (WLK) by 15.4% based on its latest 2018Q2 regulatory filing with the SEC. Avalon Advisors Llc sold 18,845 shares as the company’s stock declined 23.54% while stock markets rallied. The hedge fund held 103,520 shares of the major chemicals company at the end of 2018Q2, valued at $11.14M, down from 122,365 at the end of the previous reported quarter. Avalon Advisors Llc who had been investing in Westlake Chem Corp for a number of months, seems to be less bullish one the $8.83B market cap company. The stock decreased 2.72% or $1.91 during the last trading session, reaching $68.37. About 891,201 shares traded or 2.90% up from the average. Westlake Chemical Corporation (NYSE:WLK) has risen 8.23% since December 8, 2017 and is uptrending. It has underperformed by 7.39% the S&P500. Some Historical WLK News: 10/05/2018 – WESTLAKE CHEMICAL CORP WLK.N : COWEN AND COMPANY RAISES TARGET PRICE TO $124 FROM $122; 08/05/2018 – Westlake Financial Services Lists Vehicles on Ally’s SmartAuction; 08/05/2018 – Westlake Announces Agreement with Ally’s SmartAuction; 22/03/2018 – Royal® Building Products Features New Trim and Mouldings products, Celect® Cellular Composite Siding and ZuriTM Premium; 28/03/2018 – Westlake Closes Below 50-Day Moving Average: Technicals; 17/05/2018 – S&PGR Asgns Westlake Auto Rcvbls Trust 2018-2 Nts Rtgs; 03/05/2018 – Westlake Chemical 1Q EPS $2.20; 17/05/2018 – Westlake Rises for 10 Days; Longest Winning Streak in 6.5 Years; 23/05/2018 – Westlake Presenting at Conference Jun 12; 03/05/2018 – WESTLAKE: VINYLS RETURNS NOT YET ENOUGH FOR PLANT INVESTMENT

Among 4 analysts covering KT (NYSE:KT), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. KT had 4 analyst reports since September 16, 2015 according to SRatingsIntel. The stock of KT Corporation (NYSE:KT) has “Buy” rating given on Friday, July 28 by Nomura. The rating was upgraded by HSBC on Wednesday, April 27 to “Buy”. The stock of KT Corporation (NYSE:KT) earned “Outperform” rating by Macquarie Research on Wednesday, September 16. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, October 6.

Nine Masts Capital Ltd, which manages about $515.60M US Long portfolio, upped its stake in Costco Whsl Corp New (NASDAQ:COST) by 7,141 shares to 7,541 shares, valued at $1.58M in 2018Q2, according to the filing. It also increased its holding in Splunk Inc (NASDAQ:SPLK) by 8,475 shares in the quarter, for a total of 9,332 shares, and has risen its stake in Caterpillar Inc Del (NYSE:CAT).

Investors sentiment increased to 1.16 in Q2 2018. Its up 0.03, from 1.13 in 2018Q1. It is positive, as 15 investors sold KT shares while 36 reduced holdings. 11 funds opened positions while 48 raised stakes. 122.57 million shares or 4.87% more from 116.87 million shares in 2018Q1 were reported. Etrade Management Ltd Liability Corp owns 0.01% invested in KT Corporation (NYSE:KT) for 19,811 shares. 1.94 million were accumulated by Goldman Sachs Grp. Arrowstreet Partnership holds 551,014 shares. The Colorado-based Amg National Trust Bank & Trust has invested 0% in KT Corporation (NYSE:KT). World Asset has 15,641 shares. Royal Retail Bank Of Canada stated it has 4,731 shares. Gam Ag owns 0.09% invested in KT Corporation (NYSE:KT) for 185,938 shares. Northern Trust has 0% invested in KT Corporation (NYSE:KT). Invesco Limited reported 0% of its portfolio in KT Corporation (NYSE:KT). Wetherby Asset Mngmt Inc holds 0.09% of its portfolio in KT Corporation (NYSE:KT) for 49,411 shares. 153,279 were reported by Qs Invsts Limited Liability Corp. Bancshares Of America De accumulated 841,845 shares. Interest Ca owns 0.1% invested in KT Corporation (NYSE:KT) for 51,500 shares. Cornerstone Advsr Incorporated has invested 0.06% of its portfolio in KT Corporation (NYSE:KT). Manufacturers Life Insurance The stated it has 3,113 shares.

More important recent KT Corporation (NYSE:KT) news were published by: Prnewswire.com which released: “KT Chairman Advocates New Technology for Better World – PRNewswire” on November 14, 2018, also Seekingalpha.com published article titled: “KT: Still Undemanding At 0.6x P/B – Seeking Alpha”, Prnewswire.com published: “KT Partners with Ghana Gov’t for Epidemic Preparedness – PRNewswire” on November 22, 2018. More interesting news about KT Corporation (NYSE:KT) was released by: Streetinsider.com and their article: “UPDATE: Nomura/Instinet Upgrades KT Corp. (KT) to Neutral – StreetInsider.com” with publication date: December 07, 2018.

Avalon Advisors Llc, which manages about $4.06 billion and $3.37 billion US Long portfolio, upped its stake in Omnicom Group Inc (NYSE:OMC) by 235,298 shares to 444,401 shares, valued at $33.89M in 2018Q2, according to the filing. It also increased its holding in Firstcash Inc by 4,316 shares in the quarter, for a total of 48,600 shares, and has risen its stake in Kimberly Clark Corp (NYSE:KMB).

Among 21 analysts covering Westlake Chemical (NYSE:WLK), 9 have Buy rating, 2 Sell and 10 Hold. Therefore 43% are positive. Westlake Chemical had 78 analyst reports since July 24, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, September 26 by Nomura. Citigroup maintained Westlake Chemical Corporation (NYSE:WLK) on Wednesday, July 11 with “Buy” rating. As per Monday, June 13, the company rating was maintained by Cowen & Co. The firm has “Neutral” rating by Goldman Sachs given on Monday, August 10. The company was maintained on Wednesday, November 8 by Bank of America. As per Tuesday, October 17, the company rating was maintained by RBC Capital Markets. Alembic maintained Westlake Chemical Corporation (NYSE:WLK) rating on Thursday, August 3. Alembic has “Buy” rating and $8300 target. The firm earned “Buy” rating on Wednesday, April 4 by Susquehanna. UBS maintained Westlake Chemical Corporation (NYSE:WLK) on Wednesday, February 21 with “Sell” rating. SunTrust upgraded the shares of WLK in report on Wednesday, June 15 to “Buy” rating.

Since November 14, 2018, it had 0 insider purchases, and 2 selling transactions for $5.26 million activity.

More notable recent Westlake Chemical Corporation (NYSE:WLK) news were published by: Seekingalpha.com which released: “Westlake Chemical (WLK) Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” on August 02, 2018, also Finance.Yahoo.com with their article: “Westlake’s (WLK) Earnings Miss, Revenues Top Estimates in Q2 – Yahoo Finance” published on August 03, 2018, Bizjournals.com published: “Here are the Houston stocks driving Wall Street’s latest bull run – Houston Business Journal” on August 24, 2018. More interesting news about Westlake Chemical Corporation (NYSE:WLK) were released by: Seekingalpha.com and their article: “Westlake Chemical: China Driven Sell-Off Overdone? – Seeking Alpha” published on October 16, 2018 as well as Seekingalpha.com‘s news article titled: “Westlake Chemical to buy Nakan for $265M – Seeking Alpha” with publication date: September 25, 2018.

Westlake Chemical Corporation (NYSE:WLK) Institutional Positions Chart

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