$0.86 EPS Expected for Cabot Microelectronics (CCMP); Straight Path Communications Class (NYSEAMERICAN:STRP) Shorts Decreased By 12.4%

October 13, 2017 - By Maria Brooks

Straight Path Communications Class (NYSEAMERICAN:STRP) had a decrease of 12.4% in short interest. STRP’s SI was 1.52 million shares in October as released by FINRA. Its down 12.4% from 1.74M shares previously. With 87,800 avg volume, 17 days are for Straight Path Communications Class (NYSEAMERICAN:STRP)’s short sellers to cover STRP’s short positions. The SI to Straight Path Communications Class’s float is 22.73%. It closed at $181.66 lastly. It is down 435.39% since October 13, 2016 and is uptrending. It has outperformed by 418.69% the S&P500.

Analysts expect Cabot Microelectronics Corporation (NASDAQ:CCMP) to report $0.86 EPS on October, 26 before the open.They anticipate $0.05 EPS change or 5.49% from last quarter’s $0.91 EPS. CCMP’s profit would be $21.80M giving it 23.97 P/E if the $0.86 EPS is correct. After having $0.81 EPS previously, Cabot Microelectronics Corporation’s analysts see 6.17% EPS growth. It closed at $82.46 lastly. It is down 87.31% since October 13, 2016 and is uptrending. It has outperformed by 70.61% the S&P500.

Investors sentiment increased to 1.9 in Q2 2017. Its up 0.47, from 1.43 in 2017Q1. It increased, as 11 investors sold Straight Path Communications Inc shares while 29 reduced holdings. 58 funds opened positions while 18 raised stakes. 5.93 million shares or 35.21% more from 4.39 million shares in 2017Q1 were reported. Invesco Ltd has invested 0% in Straight Path Communications Inc (NYSEAMERICAN:STRP). S Muoio & Limited Liability Company has 5,000 shares. National Bank & Trust Of America Corporation De accumulated 1,994 shares. American Grp accumulated 0% or 5,330 shares. Quinn Opportunity Prtn Lc stated it has 1,252 shares. Parametric Portfolio Assoc Ltd Liability Corp reported 0% in Straight Path Communications Inc (NYSEAMERICAN:STRP). The Illinois-based Equitec Proprietary Limited Liability Corporation has invested 0.78% in Straight Path Communications Inc (NYSEAMERICAN:STRP). Barclays Public Limited holds 0% or 10,788 shares. Moreover, Tig Lc has 6.14% invested in Straight Path Communications Inc (NYSEAMERICAN:STRP) for 573,234 shares. Financial Bank Of Mellon accumulated 60,602 shares. Longfellow Limited Liability Corp invested 1.99% in Straight Path Communications Inc (NYSEAMERICAN:STRP). Citadel Advsr Ltd Co reported 21,468 shares. Jpmorgan Chase & invested in 0.01% or 153,511 shares. Moreover, Gabelli Funds has 0.04% invested in Straight Path Communications Inc (NYSEAMERICAN:STRP). Halcyon Mgmt Prns Lp holds 0.85% or 20,500 shares in its portfolio.

Straight Path Communications Inc. is a communications asset company. The company has market cap of $2.31 billion. The Firm owns Straight Path Spectrum, Inc. , Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc. (Straight Path IP Group). It currently has negative earnings. The Company’s divisions include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.

Since June 13, 2017, it had 0 insider purchases, and 5 insider sales for $13.98 million activity. Shares for $1.69 million were sold by JONAS DAVIDI on Tuesday, June 13. ZEIDMAN FRED S sold $897,927 worth of Straight Path Communications Inc (NYSEAMERICAN:STRP) on Monday, June 19. 21,139 shares were sold by PI ZHOUYUE, worth $3.80 million. $3.27 million worth of Straight Path Communications Inc (NYSEAMERICAN:STRP) shares were sold by JONAS HOWARD S. $4.32 million worth of Straight Path Communications Inc (NYSEAMERICAN:STRP) was sold by TODD K CHRIS on Tuesday, June 13.

Investors sentiment increased to 1.81 in Q2 2017. Its up 0.41, from 1.4 in 2017Q1. It is positive, as 14 investors sold Cabot Microelectronics Corporation shares while 58 reduced holdings. 42 funds opened positions while 88 raised stakes. 23.63 million shares or 2.42% more from 23.07 million shares in 2017Q1 were reported. Cambridge Trust holds 0.09% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP) for 18,124 shares. Pinebridge Invs L P has 0.01% invested in Cabot Microelectronics Corporation (NASDAQ:CCMP) for 3,327 shares. Los Angeles Cap Mngmt Equity Rech reported 8,976 shares stake. Wellington Mgmt Gru Llp holds 10,793 shares or 0% of its portfolio. Schwab Charles Invest Mngmt owns 0.01% invested in Cabot Microelectronics Corporation (NASDAQ:CCMP) for 184,108 shares. Mckinley Cap Mngmt Ltd Llc Delaware holds 0.14% or 51,776 shares. Mondrian Inv Prns Limited holds 0.06% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP) for 26,178 shares. Martingale Asset L P stated it has 0.03% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP). Eagle Asset Mngmt Inc owns 146,483 shares. Carlson Capital Ltd Partnership, a Texas-based fund reported 159,800 shares. Credit Suisse Ag holds 0% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP) for 34,433 shares. Eam Limited Liability has invested 0.44% in Cabot Microelectronics Corporation (NASDAQ:CCMP). James Invest Research Inc has 0.35% invested in Cabot Microelectronics Corporation (NASDAQ:CCMP) for 151,101 shares. Bbva Compass National Bank has 0.1% invested in Cabot Microelectronics Corporation (NASDAQ:CCMP). Blackrock owns 3.15 million shares for 0.01% of their portfolio.

Among 5 analysts covering Cabot Microelectronics (NASDAQ:CCMP), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Cabot Microelectronics had 9 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Cabot Microelectronics Corporation (NASDAQ:CCMP) earned “Neutral” rating by Citigroup on Thursday, February 11. The stock of Cabot Microelectronics Corporation (NASDAQ:CCMP) has “Buy” rating given on Monday, September 18 by Needham. The rating was upgraded by Zacks on Friday, August 14 to “Sell”. The firm has “Buy” rating given on Friday, March 17 by Aegis Capital. The stock has “Buy” rating by Needham on Tuesday, June 27.

Since May 5, 2017, it had 0 insider purchases, and 2 selling transactions for $2.14 million activity. ROMAN THOMAS S sold $666,614 worth of stock. 18,930 shares were sold by JOHNSON WILLIAM S, worth $1.48 million on Friday, May 5.

Cabot Microelectronics Corporation supplies polishing slurries and pads used in the manufacture of integrated circuit devices within the semiconductor industry, in a process called chemical mechanical planarization (CMP). The company has market cap of $2.09 billion. The Firm is engaged in the development, manufacture and sale of CMP consumables. It has a 25.89 P/E ratio. The Firm develops, produces and sells CMP slurries for polishing conducting and insulating materials used in IC devices, and also for polishing the disk substrates and magnetic heads used in hard disk drives.

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