Are Hedge Funds Betting Against Ashland Global Holdings Inc. (ASH)?

Ashland Global Holdings Inc. (NYSE:ASH) produced a 34.4% rally since recording the worst price of $52.64. Thanks to the latest 5.35% increase, it now trades at $70.75. Throughout the trading on 11/16/2017, the share price floated between $67.2 and $70.89. This company shares are 5.39% off its target price of $74.56 and the current market capitalization stands at $4.35B. The recent change has given its price a 7.27% lead over SMA 50 and 2.05% lead over its 52-week high. The stock witnessed 6.87% gains, 16.02% gains and 8.83% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ASH’s volatility during a week at 2.74% and during a month it has been found around 1.87%.

Ashland Global Holdings Inc. (ASH) Top Holders

Institutional investors currently hold around $3.86 billion or 97.5% in ASH stock. Look at its top three institutional owners. Vanguard Group Inc owns $351.73 million in Ashland Global Holdings Inc., which represents roughly 8.09% of the company’s market cap and approximately 9.11% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 5,116,400 shares of the stock are valued at $343.62 million. The third largest holder is Price T Rowe Associates Inc /Md/, which currently holds $210.8 million worth of this stock and that ownership represents nearly 4.85% of its market capitalization.

Ashland Global Holdings Inc. 13F Filings

At the end of 09/30/2017 reporting period, 137 institutional holders increased their position in Ashland Global Holdings Inc. (NYSE:ASH) by some 7,012,490 shares, 145 decreased positions by 8,121,292 and 72 held positions by 42,369,852. That puts total institutional holdings at 57,503,634 shares, according to SEC filings. The stock grabbed 42 new institutional investments totaling 1,964,284 shares while 52 institutional investors sold out their entire positions totaling 3,764,742 shares.

Ashland Global Holdings Inc. (NYSE:ASH) Insider Trades

Multiple company employees have indulged in significant insider trading. Ashland Global Holdings Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CFO Willis J Kevin has sold 1,352 shares of Ashland Global Holdings Inc. (ASH) in trading session dated Nov. 15, 2017. These shares are worth $89,543 and were traded at $66.23 each. The SEC filing shows that Schumann Anne T. performed a sale of 4,003 shares. The Vice President disposed these shares by way of transaction on Apr. 11, 2017. The company’s shares were given away at $125.64 per share worth to an income of some $502,937 on account of Schumann Anne T..

Senior Vice President, Fernandez-Moreno Luis M, sold 2,609 common shares of Ashland Global Holdings Inc. (ASH) in the open market. In a transaction dated Feb. 22, 2017, the shares were put up for sale at an average price of $123.85, raking in a sum of $323,125. After this sale, 45,990 common shares of ASH are directly owned by the insider, with total stake valued at $3,253,793.

In the transaction dated Jan. 17, 2017, the great number of shares disposed came courtesy the Controller; Heitman William J disposed a total of 4,000 shares at an average price of $110.46, amounting to approximately $441,840. The insider now directly owns 8,424 shares worth $595,998.

Ashland Global Holdings Inc. (ASH) Analyst Guide

Several analysts have released their opinion on Ashland Global Holdings Inc. (NYSE:ASH), with 7 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.25 average brokerage recommendation.

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