Arrowstreet Capital Limited Partnership bought a new stake in Nexeo Solutions Inc (NASDAQ:NXEO) in the fourth quarter, HoldingsChannel reports. The fund bought 77,100 shares of the basic materials company’s stock, valued at approximately $702,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in Nexeo Solutions in the 4th quarter valued at about $260,000. BlackRock Inc. grew its position in Nexeo Solutions by 2.6% in the 4th quarter. BlackRock Inc. now owns 1,520,012 shares of the basic materials company’s stock valued at $13,832,000 after buying an additional 37,861 shares in the last quarter. LSV Asset Management acquired a new stake in Nexeo Solutions in the 4th quarter valued at about $910,000. Kornitzer Capital Management Inc. KS lifted its holdings in Nexeo Solutions by 33.1% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 205,000 shares of the basic materials company’s stock valued at $1,865,000 after acquiring an additional 51,000 shares during the last quarter. Finally, Strs Ohio lifted its holdings in Nexeo Solutions by 122.8% in the 4th quarter. Strs Ohio now owns 73,300 shares of the basic materials company’s stock valued at $667,000 after acquiring an additional 40,400 shares during the last quarter. Hedge funds and other institutional investors own 94.72% of the company’s stock.
Shares of Nexeo Solutions Inc (NXEO) opened at $10.45 on Tuesday. Nexeo Solutions Inc has a 1-year low of $6.74 and a 1-year high of $10.53. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.31 and a quick ratio of 1.46. The firm has a market cap of $918.05, a PE ratio of 16.33, a price-to-earnings-growth ratio of 0.41 and a beta of 1.21.
NXEO has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Nexeo Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. ValuEngine raised shares of Nexeo Solutions from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Deutsche Bank initiated coverage on shares of Nexeo Solutions in a report on Wednesday, March 7th. They issued a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.33.
ILLEGAL ACTIVITY WARNING: This news story was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://sportsperspectives.com/2018/03/13/77100-shares-in-nexeo-solutions-inc-nxeo-purchased-by-arrowstreet-capital-limited-partnership.html.
Nexeo Solutions 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.
Want to see what other hedge funds are holding NXEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nexeo Solutions Inc (NASDAQ:NXEO).
Receive News & Ratings for Nexeo Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexeo Solutions and related companies with MarketBeat.com's FREE daily email newsletter.