Kornitzer Capital Management Inc. KS cut its position in Hexcel Corp. (NYSE:HXL) by 23.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 579,184 shares of the company’s stock after selling 176,170 shares during the period. Kornitzer Capital Management Inc. KS owned 0.63% of Hexcel Corp. worth $24,117,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in Hexcel Corp. by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 30,559 shares of the company’s stock worth $1,336,000 after buying an additional 743 shares during the last quarter. Broad Run Investment Management LLC increased its position in Hexcel Corp. by 10.2% in the first quarter. Broad Run Investment Management LLC now owns 2,171,639 shares of the company’s stock worth $94,922,000 after buying an additional 200,254 shares during the last quarter. Geode Capital Management LLC increased its position in Hexcel Corp. by 3.2% in the first quarter. Geode Capital Management LLC now owns 566,022 shares of the company’s stock worth $24,740,000 after buying an additional 17,682 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Hexcel Corp. by 15.2% in the first quarter. Loomis Sayles & Co. L P now owns 555,009 shares of the company’s stock worth $24,259,000 after buying an additional 73,289 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Hexcel Corp. during the first quarter worth about $577,000. 98.27% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Hexcel Corp. (NYSE:HXL)

Hexcel Corp. (NYSE:HXL) traded up 0.14% during midday trading on Friday, hitting $42.20. 438,248 shares of the stock traded hands. Hexcel Corp. has a 12 month low of $37.54 and a 12 month high of $48.33. The firm has a market cap of $3.90 billion, a PE ratio of 17.53 and a beta of 0.98. The company’s 50 day moving average price is $43.98 and its 200 day moving average price is $43.73.

Hexcel Corp. (NYSE:HXL) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.05. Hexcel Corp. had a net margin of 11.87% and a return on equity of 19.06%. The firm had revenue of $522.60 million for the quarter, compared to the consensus estimate of $504.31 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts predict that Hexcel Corp. will post $2.54 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the stock. Canaccord Genuity set a $48.00 price objective on shares of Hexcel Corp. and gave the stock a “hold” rating in a report on Wednesday, July 20th. Jefferies Group reissued a “hold” rating and issued a $44.00 price objective on shares of Hexcel Corp. in a report on Wednesday, August 10th. Zacks Investment Research raised shares of Hexcel Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Finally, Bank of America Corp. downgraded shares of Hexcel Corp. from a “buy” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a report on Friday, July 29th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.70.

In related news, Director David Charles Hill sold 1,188 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $44.47, for a total value of $52,830.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Robert George Hennemuth sold 2,495 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $45.00, for a total value of $112,275.00. Following the completion of the sale, the senior vice president now owns 58,922 shares in the company, valued at approximately $2,651,490. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Hexcel Corp. Company Profile

Hexcel Corporation is a composites company. The Company develops, manufactures and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets.

5 Day Chart for NYSE:HXL

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