Ariana Resources PLC (LON:AAU) Speculative Buy Rating Reiterated at Beaufort Securities; Wafra Investment Advisory Group Decreased Its Martin Marietta Mat (MLM) Position

December 7, 2017 - By Richard Conner

Wafra Investment Advisory Group Inc decreased Martin Marietta Mat (MLM) stake by 2.84% reported in 2017Q2 SEC filing. Wafra Investment Advisory Group Inc sold 1,788 shares as Martin Marietta Mat (MLM)’s stock rose 4.98%. The Wafra Investment Advisory Group Inc holds 61,158 shares with $13.61 million value, down from 62,946 last quarter. Martin Marietta Mat now has $12.67 billion valuation. The stock decreased 2.13% or $4.39 during the last trading session, reaching $201.51. About 590,878 shares traded or 0.94% up from the average. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 23.49% since December 7, 2016 and is uptrending. It has outperformed by 6.79% the S&P500.

Ariana Resources PLC (LON:AAU) stock Speculative Buy was restate by Analysts at Beaufort Securities in a research report sent to investors and clients on Thursday morning.

Analysts await Martin Marietta Materials, Inc. (NYSE:MLM) to report earnings on February, 13. They expect $1.58 EPS, up 1.94% or $0.03 from last year’s $1.55 per share. MLM’s profit will be $99.32 million for 31.88 P/E if the $1.58 EPS becomes a reality. After $2.39 actual EPS reported by Martin Marietta Materials, Inc. for the previous quarter, Wall Street now forecasts -33.89% negative EPS growth.

Investors sentiment decreased to 0.98 in 2017 Q2. Its down 0.05, from 1.03 in 2017Q1. It dived, as 39 investors sold MLM shares while 161 reduced holdings. 54 funds opened positions while 141 raised stakes. 58.73 million shares or 0.45% less from 58.99 million shares in 2017Q1 were reported. Aqr Cap Limited Liability invested in 0% or 8,211 shares. The Missouri-based Benjamin F Edwards & Co has invested 0.04% in Martin Marietta Materials, Inc. (NYSE:MLM). Balyasny Asset Mgmt Ltd Liability Company holds 0.07% or 71,800 shares in its portfolio. Baldwin Brothers Inc Ma stated it has 0% in Martin Marietta Materials, Inc. (NYSE:MLM). First Manhattan has invested 0.01% in Martin Marietta Materials, Inc. (NYSE:MLM). Gilder Gagnon Howe Ltd Llc invested in 305,195 shares or 1% of the stock. Fjarde Ap holds 0.04% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM) for 9,024 shares. New York-based Gabelli Funds Limited Liability Co has invested 0.01% in Martin Marietta Materials, Inc. (NYSE:MLM). Alliancebernstein LP invested in 399,180 shares. Shufro Rose & Ltd Liability accumulated 0.02% or 1,050 shares. 60,000 are owned by Caxton Associate Limited Partnership. Advisory Net Ltd Liability Co accumulated 5,218 shares or 0.15% of the stock. Mutual Of America Capital Mngmt Ltd Liability invested in 0.03% or 7,681 shares. Massmutual Tru Fsb Adv holds 10,815 shares. Cibc World has invested 0.02% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM).

Wafra Investment Advisory Group Inc increased Devon Energy Corp. (NYSE:DVN) stake by 18,614 shares to 367,577 valued at $11.75M in 2017Q2. It also upped Ctrip.Com Adr 22943F100 (NASDAQ:CTRP) stake by 18,161 shares and now owns 187,735 shares. Home Depot Inc. (NYSE:HD) was raised too.

Among 12 analysts covering Martin Marietta (NYSE:MLM), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Martin Marietta had 23 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, September 6 by Stifel Nicolaus. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) has “Buy” rating given on Wednesday, August 5 by Stifel Nicolaus. The stock has “Buy” rating by Cleveland on Monday, April 3. The rating was maintained by Citigroup with “Buy” on Monday, October 9. The company was upgraded on Friday, March 31 by Cleveland. The firm earned “Overweight” rating on Thursday, June 9 by Alembic. Bank of America downgraded the stock to “Neutral” rating in Wednesday, November 16 report. The firm has “Neutral” rating given on Tuesday, October 11 by Goldman Sachs. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) earned “Buy” rating by SunTrust on Wednesday, October 26. The rating was maintained by Goldman Sachs with “Buy” on Wednesday, June 8.

The stock increased 0.21% or GBX 0.0025 during the last trading session, reaching GBX 1.2025. About 2.17 million shares traded or Infinity% up from the average. Ariana Resources plc (LON:AAU) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Ariana Resources PLC, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Turkey. The company has market cap of 12.65 million GBP. The firm primarily explores for gold, silver, and copper deposits. It has a 0.86 P/E ratio. The Company’s principal project is the Red Rabbit gold project located in western Turkey.

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