Park West Asset Management Llc Sells 126,131 Shares of NEXEO SOLUTIONS (NXEO) Stock
NEXEO SOLUTIONS (NASDAQ:NXEO) major shareholder Park West Asset Management Llc sold 126,131 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $9.13, for a total transaction of $1,151,576.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
NEXEO SOLUTIONS (NASDAQ NXEO) traded down 1.48% during trading on Friday, hitting $8.65. 342,820 shares of the company traded hands. The stock has a 50 day moving average price of $8.91 and a 200 day moving average price of $8.99. NEXEO SOLUTIONS has a 12-month low of $7.13 and a 12-month high of $9.94. The company’s market capitalization is $771.77 million.
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Separately, Jefferies Group LLC reiterated a “hold” rating and issued a $9.50 price objective on shares of NEXEO SOLUTIONS in a report on Friday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. NEXEO SOLUTIONS has an average rating of “Buy” and an average price target of $9.75.
About NEXEO SOLUTIONS
Nexeo Solutions Inc, formerly WL Ross Holding Corp., is global distributor of chemicals products in North America and Asia, and plastics products in North America, Europe, the Middle East and Africa (EMEA) and Asia. The Company provides services, such as custom blending, packaging and re-packaging, private-label manufacturing and product testing in the form of chemical analysis, product performance analysis and product development.
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