Bank of New York Mellon Corp continued to hold its stake in shares of Xerium Technologies, Inc. (NYSE:XRM) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 53,880 shares of the industrial products company’s stock at the end of the 2nd quarter. Bank of New York Mellon Corp owned about 0.33% of Xerium Technologies worth $387,000 as of its most recent filing with the SEC.
Separately, WealthTrust Axiom LLC increased its stake in Xerium Technologies by 1.4% during the second quarter. WealthTrust Axiom LLC now owns 169,974 shares of the industrial products company’s stock worth $1,222,000 after acquiring an additional 2,300 shares during the last quarter. 65.50% of the stock is currently owned by hedge funds and other institutional investors.
Xerium Technologies (NYSE:XRM) last released its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The firm had revenue of $120.34 million for the quarter. Xerium Technologies had a negative net margin of 2.98% and a negative return on equity of 2.20%.
About Xerium Technologies
Xerium Technologies, Inc (Xerium) is a manufacturer and supplier of over two types of consumable products used in the production of paper: machine clothing and roll covers. The Company markets its products through brands, such as Huyck Wangner, Weavexx, Stowe Woodward, Mount Hope, Robec and Xibe. The Company operates in two segments: machine clothing and roll covers.
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