Ancora Advisors LLC trimmed its position in shares of Platform Specialty Products Corp (NYSE:PAH) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,910,112 shares of the specialty chemicals company’s stock after selling 45,384 shares during the period. Platform Specialty Products makes up 0.9% of Ancora Advisors LLC’s portfolio, making the stock its 16th biggest position. Ancora Advisors LLC owned 0.66% of Platform Specialty Products worth $19,731,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Investors Research Corp grew its holdings in Platform Specialty Products by 7.5% during the 4th quarter. Investors Research Corp now owns 14,300 shares of the specialty chemicals company’s stock worth $148,000 after acquiring an additional 1,000 shares in the last quarter. Independent Investors Inc. lifted its position in shares of Platform Specialty Products by 1.7% in the 4th quarter. Independent Investors Inc. now owns 76,675 shares of the specialty chemicals company’s stock worth $792,000 after buying an additional 1,300 shares during the last quarter. Raymond James Trust N.A. lifted its position in shares of Platform Specialty Products by 9.3% in the 4th quarter. Raymond James Trust N.A. now owns 15,441 shares of the specialty chemicals company’s stock worth $159,000 after buying an additional 1,312 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Platform Specialty Products by 12.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,481 shares of the specialty chemicals company’s stock worth $181,000 after buying an additional 1,997 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Platform Specialty Products by 0.6% in the 4th quarter. California State Teachers Retirement System now owns 354,053 shares of the specialty chemicals company’s stock worth $3,657,000 after buying an additional 2,244 shares during the last quarter. 94.50% of the stock is owned by institutional investors.

PAH has been the topic of a number of recent research reports. SunTrust Banks downgraded shares of Platform Specialty Products from a “buy” rating to a “hold” rating in a research report on Monday, January 14th. ValuEngine upgraded shares of Platform Specialty Products from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. UBS Group set a $14.00 price target on shares of Platform Specialty Products and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Finally, Zacks Investment Research upgraded shares of Platform Specialty Products from a “sell” rating to a “hold” rating in a research report on Tuesday, January 8th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Platform Specialty Products presently has an average rating of “Hold” and a consensus target price of $13.00.

In related news, Director Martin E. Franklin sold 2,419,258 shares of Platform Specialty Products stock in a transaction dated Friday, December 21st. The shares were sold at an average price of $9.91, for a total value of $23,974,846.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Pershing Square Capital Manage sold 37,000,000 shares of Platform Specialty Products stock in a transaction dated Sunday, February 3rd. The shares were sold at an average price of $11.72, for a total transaction of $433,640,000.00. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.

Platform Specialty Products stock opened at $10.48 on Thursday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 2.00 and a current ratio of 2.19. Platform Specialty Products Corp has a 1 year low of $9.09 and a 1 year high of $13.54. The stock has a market capitalization of $3.02 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 4.42 and a beta of 2.59.

WARNING: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.thecerbatgem.com/2019/03/21/platform-specialty-products-corp-pah-position-trimmed-by-ancora-advisors-llc.html.

Platform Specialty Products Company Profile

Platform Specialty Products Corp. engages in the provision of technology chemical products and technical services. It operates its business through the Performance Solutions and Agricultural Solutions segments. The Performance Solutions segment formulates and markets chemistry solutions that are used in production, commercial packaging and printing, electronics, and oil and gas production and drilling.

Recommended Story: Market Capitalization – What it Means for Investors

Institutional Ownership by Quarter for Platform Specialty Products (NYSE:PAH)

Receive News & Ratings for Platform Specialty Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Platform Specialty Products and related companies with MarketBeat.com's FREE daily email newsletter.