Wms (WMS) Holder Ack Asset Management LLC Decreased Its Holding by $8.40 Million as Share Value Rose

October 13, 2018 - By Linda Rogers

Investors sentiment increased to 1.78 in Q2 2018. Its up 0.04, from 1.74 in 2018Q1. It increased, as 12 investors sold WMS shares while 24 reduced holdings. 21 funds opened positions while 43 raised stakes. 43.63 million shares or 2.55% more from 42.54 million shares in 2018Q1 were reported. Amer Int Grp Inc Inc invested in 28,937 shares. Manchester Cap Mngmt Limited Liability Co has 12,570 shares. Gotham Asset Management Limited holds 43,614 shares. Global X Limited stated it has 14,260 shares. California Pub Employees Retirement holds 0.01% in Advanced Drainage Systems, Inc. (NYSE:WMS) or 173,201 shares. Allen Investment Mngmt Ltd reported 105,820 shares or 0.12% of all its holdings. Raymond James & Assocs owns 9,420 shares. D E Shaw Company has invested 0.01% in Advanced Drainage Systems, Inc. (NYSE:WMS). Stifel Financial Corporation, a Missouri-based fund reported 7,463 shares. Comml Bank Of Ny Mellon Corp has 0% invested in Advanced Drainage Systems, Inc. (NYSE:WMS) for 274,540 shares. Natl Bank Of Montreal Can owns 315 shares. 40,598 were reported by Bluemountain Capital Mgmt Ltd Limited Liability Company. Northern stated it has 0% of its portfolio in Advanced Drainage Systems, Inc. (NYSE:WMS). Nebraska-based Ameritas Investment Prtn Inc has invested 0.01% in Advanced Drainage Systems, Inc. (NYSE:WMS). California State Teachers Retirement Sys holds 0% or 67,977 shares in its portfolio.

Ack Asset Management Llc decreased its stake in Wms (WMS) by 25.39% based on its latest 2018Q2 regulatory filing with the SEC. Ack Asset Management Llc sold 400,000 shares as the company’s stock rose 7.92% with the market. The hedge fund held 1.18M shares of the capital goods company at the end of 2018Q2, valued at $25.54 million, down from 1.58 million at the end of the previous reported quarter. Ack Asset Management Llc who had been investing in Wms for a number of months, seems to be less bullish one the $1.59 billion market cap company. The stock increased 0.68% or $0.19 during the last trading session, reaching $27.96. About 285,386 shares traded or 4.62% up from the average. Advanced Drainage Systems, Inc. (NYSE:WMS) has risen 47.88% since October 13, 2017 and is uptrending. It has outperformed by 32.26% the S&P500.

Analysts await Advanced Drainage Systems, Inc. (NYSE:WMS) to report earnings on November, 1. They expect $0.44 EPS, up 51.72 % or $0.15 from last year’s $0.29 per share. WMS’s profit will be $25.05M for 15.89 P/E if the $0.44 EPS becomes a reality. After $0.51 actual EPS reported by Advanced Drainage Systems, Inc. for the previous quarter, Wall Street now forecasts -13.73 % negative EPS growth.

Another recent and important Advanced Drainage Systems, Inc. (NYSE:WMS) news was published by Businesswire.com which published an article titled: “Advanced Drainage Systems Announces New Executive Vice President, Supply Chain” on October 03, 2018.

Advanced Drainage Systems, Inc. (NYSE:WMS) Ratings Coverage

Among 3 analysts covering Advanced Drainage Systems (NYSE:WMS), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Advanced Drainage Systems had 4 analyst reports since May 30, 2018 according to SRatingsIntel. Barclays Capital maintained the shares of WMS in report on Wednesday, May 30 with “Equal-Weight” rating. The firm has “Outperform” rating by Robert W. Baird given on Wednesday, May 30. The rating was maintained by Citigroup with “Neutral” on Monday, July 23. Barclays Capital maintained it with “Equal-Weight” rating and $30 target in Monday, August 13 report.

Advanced Drainage Systems, Inc. (NYSE:WMS) Ratings Chart

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