Investment company Newport Trust Co buys CBS Corp, DTE Energy Co, Entercom Communications Corp, sells United Technologies Corp, TrueBlue Inc during the 3-months ended 2018-03-31, according to the most recent filings of the investment company, Newport Trust Co. As of 2018-03-31, Newport Trust Co owns 48 stocks with a total value of $35.5 billion. These are the details of the buys and sells.
New Purchases: CBS, DTE, ETM, Added Positions: VVV, PM, GCI, GNW, GT, Reduced Positions: BA, T, GD, HUM, DHR, SRE, BTI, BSX, DDS, SCG, Sold Out: UTX, TBI,
For the details of Newport Trust Co’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=Newport+Trust+Co
These are the top 5 holdings of Newport Trust CoBoeing Co (BA) – 33,395,670 shares, 30.81% of the total portfolio. Shares reduced by 1.82%AT&T Inc (T) – 201,036,099 shares, 20.16% of the total portfolio. Shares reduced by 1.66%General Dynamics Corp (GD) – 21,001,453 shares, 13.05% of the total portfolio. Shares reduced by 2.31%Honeywell International Inc (HON) – 19,712,106 shares, 8.01% of the total portfolio. Ford Motor Co (F) – 188,248,101 shares, 5.87% of the total portfolio. Shares added by 0.63%New Purchase: CBS Corp (CBS)
Newport Trust Co initiated holding in CBS Corp. The purchase prices were between $49.27 and $60, with an estimated average price of $55.05. The stock is now traded at around $53.17. The impact to a portfolio due to this purchase was 0.17%. The holding were 1,165,205 shares as of 2018-03-31.
Hot Energy Stocks To Buy Right Now: Rayonier Advanced Materials Inc.(RYAM)
- [By Joseph Griffin]
American International Group Inc. trimmed its position in Rayonier Advanced Materials Inc (NYSE:RYAM) by 9.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 31,718 shares of the basic materials company’s stock after selling 3,455 shares during the period. American International Group Inc.’s holdings in Rayonier Advanced Materials were worth $681,000 as of its most recent filing with the SEC.
- [By Shane Hupp]
JPMorgan Chase & Co. cut its stake in Rayonier Advanced Materials Inc (NYSE:RYAM) by 13.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 767,537 shares of the basic materials company’s stock after selling 120,074 shares during the period. JPMorgan Chase & Co.’s holdings in Rayonier Advanced Materials were worth $16,480,000 at the end of the most recent reporting period.
Hot Energy Stocks To Buy Right Now: Ardelyx, Inc.(ARDX)
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Sesen Bio, Inc. (NASDAQ: SESN) fell 21.7 percent to $2.35 in pre-market trading after dropping 23.00 percent on Monday.
Libbey Inc. (NYSE: LBY) shares fell 18 percent to $5.61 in pre-market trading after the company announced the suspension of its quarterly dividend. The company cited the prioritization of debt reduction and strategic investments as a reason for the move.
Dycom Industries, Inc. (NYSE: DY) fell 12.8 percent to $101.31 in pre-market trading after the company reported weaker-than-expected results for its third quarter and lowered its FY19 outlook.
Pure Storage, Inc. (NYSE: PSTG) fell 9.9 percent to $21.25 in pre-market trading despite reporting a first-quarter earnings and sales beat. The company issued relatively in-line second quarter sales and earnings guidance.
Ardelyx Inc (NASDAQ: ARDX) shares fell 8.9 percent to $5.15 in pre-market trading after announcing a $50 million common stock offering.
GSV Capital Corp. (NASDAQ: GSVC) shares fell 8.8 percent to $6.40 in pre-market trading after dropping 2.09 percent on Monday.
Melinta Therapeutics, Inc. (NASDAQ: MLNT) fell 8.2 percent to $6.70 in pre-market trading after the company disclosed a $75 million common stock offering.
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Clearwater Paper Corporation (NYSE: CLW) shares fell 4 percent to $25.25 in pre-market trading.
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Advance Auto Parts, Inc. (NYSE: AAP) fell 2.5 percent to
- [By Lisa Levin]
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- [By Ethan Ryder]
ValuEngine upgraded shares of Ardelyx (NASDAQ:ARDX) from a sell rating to a hold rating in a research report sent to investors on Friday.
Several other research analysts have also weighed in on ARDX. BidaskClub lowered Ardelyx from a buy rating to a hold rating in a research report on Friday, February 2nd. Zacks Investment Research lowered Ardelyx from a buy rating to a hold rating in a research report on Friday, February 2nd. Cantor Fitzgerald set a $12.00 price target on Ardelyx and gave the company a buy rating in a research report on Monday, February 12th. Wedbush reissued an outperform rating on shares of Ardelyx in a research report on Thursday, March 15th. Finally, Leerink Swann reissued an outperform rating and set a $13.00 price target on shares of Ardelyx in a research report on Monday, March 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $13.08.
- [By Lisa Levin]
Ardelyx, Inc. (NASDAQ: ARDX) was down, falling around 13 percent to $3.95. Ardelyx priced its 12.5 million share offering at $4.00 per share.
- [By Lisa Levin]
Ardelyx, Inc. (NASDAQ: ARDX) shares dropped 19 percent to $4.575 after announcing a $50 million common stock offering.
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Hot Energy Stocks To Buy Right Now: Minerva Neurosciences, Inc(NERV)
- [By Lisa Levin] Gainers
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World Wrestling Entertainment, Inc. (NYSE: WWE) shares jumped 15.9 percent to $50.50. The company's "Smackdown Live" may not be renewed at NBCUniversal network and the company's "Monday Night Raw" program could be worth three times its current value elsewhere, according to a report for The Hollywood Reporter.
Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) gained 14.7 percent to $ 20.46 after the company issued further details on Phase 3 ADVANCE study of ROLONTIS.
Motus GI Holdings, Inc. (NASDAQ: MOTS) climbed 13.4 percent to $5.5009.
Endocyte, Inc. (NASDAQ: ECYT) rose 13.3 percent to $ 14.23 after the company announced presentation of Phase 2 data from prostate cancer trial of 177Lu-PSMA-617 at the 2018 ASCO Annual Meeting.
Diana Containerships Inc. (NASDAQ: DCIX) gained 12.9 percent to $1.7499 after the company announced the sale of Post-Panamax Container Vessel for $21 million.
Essendant Inc. (NASDAQ: ESND) gained 12.7 percent to $12.43. Essendant confirmed receipt of unsolicited proposal from Staples of $11.50 per share in cash.
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OptimumBank Holdings, Inc. (NASDAQ: OPHC) gained 11.5 percent to $5.15.
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Williams Partners L.P. (NYSE: WPZ) rose 5.6 percent to $40