Braskem S.A. (BAK) Forms $30.37 Double Top; Earnest Partners Has Lowered Entegris (ENTG) Position

Earnest Partners Llc decreased Entegris Inc (ENTG) stake by 0.5% reported in 2017Q3 SEC filing. Earnest Partners Llc sold 28,532 shares as Entegris Inc (ENTG)’s stock rose 6.38%. The Earnest Partners Llc holds 5.63 million shares with $162.29M value, down from 5.65 million last quarter. Entegris Inc now has $4.57 billion valuation. The stock decreased 1.97% or $0.65 during the last trading session, reaching $32.35. About 1.09 million shares traded or 18.14% up from the average. Entegris, Inc. (NASDAQ:ENTG) has risen 78.11% since February 5, 2017 and is uptrending. It has outperformed by 61.41% the S&P500.

Braskem S.A. (BAK) formed double top with $32.50 target or 7.00% above today’s $30.37 share price. Braskem S.A. (BAK) has $12.40B valuation. The stock decreased 1.40% or $0.43 during the last trading session, reaching $30.37. About 720,170 shares traded or 60.83% up from the average. Braskem S.A. (NYSE:BAK) has risen 73.46% since February 5, 2017 and is uptrending. It has outperformed by 56.76% the S&P500.

Analysts await Braskem S.A. (NYSE:BAK) to report earnings on August, 16. BAK’s profit will be $330.61M for 9.37 P/E if the $0.81 EPS becomes a reality. After $0.64 actual earnings per share reported by Braskem S.A. for the previous quarter, Wall Street now forecasts 26.56% EPS growth.

Among 4 analysts covering Braskem SA (NYSE:BAK), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Braskem SA had 5 analyst reports since September 21, 2015 according to SRatingsIntel. The rating was initiated by HSBC with “Buy” on Tuesday, October 11. The stock of Braskem S.A. (NYSE:BAK) has “Overweight” rating given on Monday, December 5 by JP Morgan. The stock has “Buy” rating by Bank of America on Tuesday, May 24.

Since August 14, 2017, it had 0 buys, and 5 sales for $799,122 activity. OLSON PAUL L H sold 3,000 shares worth $90,628. Rucci Corey sold $393,750 worth of stock or 15,000 shares. Burns Robert Nicholas sold $120,146 worth of Entegris, Inc. (NASDAQ:ENTG) on Tuesday, August 15.

Earnest Partners Llc increased Core Labs Nv (NYSE:CLB) stake by 115,982 shares to 1.95M valued at $192.64 million in 2017Q3. It also upped Horace Mann Educ (NYSE:HMN) stake by 44,440 shares and now owns 1.58M shares. Ishares (IWN) was raised too.