Short Call at News Buzzer- OM Asset Management (NYSE:OMAM), Lockheed Martin (NYSE:LMT)

OM Asset Management plc (NYSE:OMAM) [Trend Analysis] climbed reacts as active mover, shares a gain 1.29% to traded at $14.18. OM Asset Mgmt (OMAM) declared that prices secondary offering of 13 million ordinary shares at $14.25 per share. The ordinary shares are being offered by Old Mutual plc (ODMTY), through its wholly owned subsidiary, OM Group.

Financial services group Old Mutual Plc said its asset management unit OM Asset Management Plc’s (OMAM) public offering of 13 million shares was priced at $14.25 per share. Old Mutual said on Tuesday it would sell shares in OMAM through a public offering, as the group prepares to split into its four main businesses.

The public offering is expected to close on Dec. 19, said Old Mutual, which plans to continue to cut its stake in OMAM. The proposed split was disclosed in March as regulatory changes in Europe and South Africa have made Old Mutual, which started out in 1845 as a life insurance firm in Cape Town, more complex to run in its current form.

The firm past twelve months price to sales ratio was 2.58 and price to cash ratio remained 10.93. As far as the returns are concern, the return on equity was recorded as 74.40% and return on investment was 56.50% while its return on asset stayed at 13.10%. The firm has total debt to equity ratio measured as 0.00.

Lockheed Martin Corporation (NYSE:LMT) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.02% to close at $252.25 with the total traded volume of 66569 shares. Connecticut-based Sikorsky Aircraft Corp. a Lockheed Martin Company (LMT) COMPANY, has agreed to settle wrongful death and negligence claims in a lawsuit filed over the 2014 crash of a Navy helicopter that killed three of the five crew members on a training exercise off the coast of Virginia.Sikorsky has reached a “settlement in principle” with the widows of the three crewmen and a survivor of the crash who filed the lawsuit in federal court in Connecticut last year, according to court documents obtained by The Associated Press.

Terms of the deal have not been disclosed and await approval of a judge.”The parties have worked out contract which provides for the conclusion of the claim by the families against Sikorsky in exchange for limited compensation,” said Francis Fleming, a New York-based lawyer for the plaintiffs. The firm has institutional ownership of 80.60%, while insider ownership included 0.03%. Its price to sales ratio ended at 1.59. LMT attains analyst recommendation of 2.20 with week performance of -5.29%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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