Nationwide Fund Advisors Takes Position in Nexeo Solutions (NXEO)

Nationwide Fund Advisors purchased a new position in Nexeo Solutions (NASDAQ:NXEO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,560 shares of the basic materials company’s stock, valued at approximately $121,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NXEO. Steinberg Global Asset Management increased its position in shares of Nexeo Solutions by 3.7% in 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 bought a new position in shares of Nexeo Solutions in the second quarter worth $329,000. Trexquant Investment LP bought a new position in shares of Nexeo Solutions in the second quarter worth $213,000. Schwab Charles Investment Management Inc. increased its position in shares of Nexeo Solutions by 41.6% in 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 bought a new position in shares of Nexeo Solutions in the second quarter worth $229,000. Institutional investors own 90.98% of the company’s stock.

Nexeo Solutions (NASDAQ NXEO) opened at $7.59 on Tuesday. Nexeo Solutions has a 12-month low of $6.74 and a 12-month high of $9.94. The company has a debt-to-equity ratio of -96.10, a current ratio of 2.14 and a quick ratio of 1.35. The stock has a market capitalization of $677.98 and a PE ratio of 19.46.

A number of brokerages recently commented on NXEO. SunTrust Banks, Inc. restated a “buy” rating and issued a $11.00 price target on shares of Nexeo Solutions in a research report on Friday, November 10th. Zacks Investment Research upgraded Nexeo Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Jefferies Group LLC restated a “hold” rating and issued a $8.50 price target on shares of Nexeo Solutions in a research report on Thursday, October 19th. Finally, ValuEngine upgraded Nexeo Solutions from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $9.33.

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In other news, major shareholder Select Fund Ii L.P. Fpa purchased 18,700 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were purchased at an average cost of $7.13 per share, with a total value of $133,331.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Select Maple Fund L.P. Fpa purchased 250,000 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were purchased at an average cost of $7.25 per share, for a total transaction of $1,812,500.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 565,510 shares of company stock worth $4,027,771. Company insiders own 0.07% of the company’s stock.

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.

Institutional Ownership by Quarter for Nexeo Solutions (NASDAQ:NXEO)

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