Rockshelter Capital Management LLC Has $1,285,000 Stake in Nexeo Solutions (NXEO)
Rockshelter Capital Management LLC maintained its stake in shares of Nexeo Solutions (NASDAQ:NXEO) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 154,840 shares of the basic materials company’s stock at the end of the 2nd quarter. Rockshelter Capital Management LLC owned 0.20% of Nexeo Solutions worth $1,285,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of NXEO. Steinberg Global Asset Management lifted its holdings in shares of Nexeo Solutions by 3.7% during the second quarter. Steinberg Global Asset Management now owns 27,699 shares of the basic materials company’s stock worth $230,000 after purchasing an additional 1,000 shares during the period. Spark Investment Management LLC acquired a new stake in shares of Nexeo Solutions during the second quarter worth $329,000. Trexquant Investment LP acquired a new stake in shares of Nexeo Solutions during the second quarter worth $213,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Nexeo Solutions by 41.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 150,756 shares of the basic materials company’s stock worth $1,252,000 after purchasing an additional 44,316 shares during the period. Finally, Rhumbline Advisers acquired a new stake in shares of Nexeo Solutions during the second quarter worth $229,000. 94.07% of the stock is owned by hedge funds and other institutional investors.
Shares of Nexeo Solutions (NASDAQ:NXEO) traded down 0.92% during midday trading on Wednesday, hitting $7.54. The company had a trading volume of 23,730 shares. Nexeo Solutions has a 12 month low of $6.74 and a 12 month high of $9.94. The company has a market cap of $673.52 million and a price-to-earnings ratio of 60.81. The stock’s 50-day moving average price is $7.27 and its 200-day moving average price is $8.23.
In other news, major shareholder Select Fund Ii L.P. Fpa acquired 18,700 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was acquired at an average price of $7.13 per share, for a total transaction of $133,331.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Park West Asset Management Llc sold 7,796 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $8.49, for a total value of $66,188.04. The disclosure for this sale can be found here. In the last 90 days, insiders bought 807,700 shares of company stock valued at $5,802,958 and sold 2,017,796 shares valued at $16,450,488. Corporate insiders own 0.07% of the company’s stock.
NXEO has been the subject of several recent research reports. Zacks Investment Research downgraded Nexeo Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $9.50 price target on shares of Nexeo Solutions in a report on Friday, June 16th. Finally, Credit Suisse Group decreased their price target on Nexeo Solutions from $10.00 to $8.50 and set a “neutral” rating for the company in a report on Friday, August 11th.
Nexeo Solutions Company Profile
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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