SPX Corp (SPXC) Stake Decreased by Jane Street Group LLC
Jane Street Group LLC cut its position in shares of SPX Corp (NASDAQ:SPXC) by 47.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,494 shares of the company’s stock after selling 9,479 shares during the period. Jane Street Group LLC’s holdings in SPX Corp were worth $254,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of SPXC. Financial Architects Inc boosted its position in SPX Corp by 1.1% in the first quarter. Financial Architects Inc now owns 11,028 shares of the company’s stock valued at $267,000 after buying an additional 123 shares in the last quarter. State of Alaska Department of Revenue boosted its position in SPX Corp by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 4,660 shares of the company’s stock worth $113,000 after buying an additional 140 shares during the period. Arizona State Retirement System boosted its position in SPX Corp by 1.9% in the first quarter. Arizona State Retirement System now owns 22,000 shares of the company’s stock worth $534,000 after buying an additional 400 shares during the period. Mason Street Advisors LLC boosted its position in SPX Corp by 7.9% in the first quarter. Mason Street Advisors LLC now owns 9,874 shares of the company’s stock worth $239,000 after buying an additional 721 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of SPX Corp by 2.3% in the first quarter. Russell Investments Group Ltd. now owns 34,176 shares of the company’s stock worth $829,000 after buying an additional 784 shares during the last quarter.
SPX Corp (SPXC) traded up 1.04% on Thursday, reaching $28.19. The company had a trading volume of 365,339 shares. The stock has a market capitalization of $1.20 billion and a P/E ratio of 13.49. SPX Corp has a 12-month low of $14.43 and a 12-month high of $29.25. The stock’s 50-day moving average price is $26.35 and its 200-day moving average price is $25.25.
SPX Corp (NASDAQ:SPXC) last posted its earnings results on Thursday, May 4th. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.11. The company had revenue of $340.60 million during the quarter, compared to the consensus estimate of $320.94 million. SPX Corp had a net margin of 3.02% and a return on equity of 20.52%. During the same period in the previous year, the firm posted $0.09 earnings per share. On average, equities research analysts anticipate that SPX Corp will post $1.70 EPS for the current fiscal year.
Separately, Zacks Investment Research cut shares of SPX Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th.
About SPX Corp
SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.
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