Kornitzer Capital Management Inc. KS Invests $208,000 in Air Liquide $AIQUY

Kornitzer Capital Management Inc. KS bought a new position in Air Liquide (OTCMKTS:AIQUY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,069 shares of the basic materials company’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently added to or reduced their stakes in AIQUY. Accent Capital Management LLC purchased a new position in shares of Air Liquide in the 1st quarter worth about $34,000. First Horizon Advisors Inc. raised its holdings in Air Liquide by 37.8% in the first quarter. First Horizon Advisors Inc. now owns 1,042 shares of the basic materials company’s stock valued at $40,000 after buying an additional 286 shares during the period. GAMMA Investing LLC lifted its position in Air Liquide by 52.2% during the first quarter. GAMMA Investing LLC now owns 4,629 shares of the basic materials company’s stock valued at $176,000 after buying an additional 1,588 shares in the last quarter. Hancock Whitney Corp grew its stake in Air Liquide by 3.2% during the first quarter. Hancock Whitney Corp now owns 17,545 shares of the basic materials company’s stock worth $667,000 after buying an additional 547 shares during the period. Finally, Corient IA LLC purchased a new stake in Air Liquide during the first quarter worth approximately $757,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Air Liquide Stock Down 0.5%

OTCMKTS:AIQUY opened at $39.92 on Monday. The firm has a 50-day moving average of $40.93 and a two-hundred day moving average of $40.86. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.84 and a quick ratio of 0.61. Air Liquide has a 1-year low of $31.68 and a 1-year high of $43.12.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded Air Liquide from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Air Liquide Profile

L'Air Liquide SA provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. It operates in Gas & Services, Engineering & Construction, and Global Markets & Technologies segments. The Gas & Services segment comprises large industries business, which offers gas and energy solutions including oxygen, nitrogen, argon, hydrogen, and carbon monoxide, as well as operates cogeneration plants to supply steam and electricity to metals, chemicals, refining, and energy industries; and industrial merchant business line provides industrial gases, equipment, hardgoods, and associated services to materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and craftsmen and retail sectors.