Capital Fund Management S.A. purchased a new stake in shares of Axiall Corp. (NYSE:AXLL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 121,175 shares of the company’s stock, valued at approximately $3,952,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Springbok Capital Management LLC raised its stake in Axiall Corp. by 291.7% in the first quarter. Springbok Capital Management LLC now owns 4,700 shares of the company’s stock valued at $103,000 after buying an additional 3,500 shares in the last quarter. Bank of Montreal Can purchased a new stake in Axiall Corp. during the second quarter valued at approximately $115,000. Ngam Advisors L.P. raised its stake in Axiall Corp. by 6.2% in the first quarter. Ngam Advisors L.P. now owns 79,291 shares of the company’s stock valued at $1,732,000 after buying an additional 4,623 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Axiall Corp. by 371.0% in the second quarter. BNP Paribas Arbitrage SA now owns 6,081 shares of the company’s stock valued at $198,000 after buying an additional 4,790 shares in the last quarter. Finally, Strs Ohio raised its stake in Axiall Corp. by 21.4% in the second quarter. Strs Ohio now owns 34,600 shares of the company’s stock valued at $1,128,000 after buying an additional 6,100 shares in the last quarter.
Axiall Corp. (NYSE:AXLL) remained flat at $33.00 during trading on Monday. The firm’s 50 day moving average price is $32.99 and its 200-day moving average price is $28.64. Axiall Corp. has a one year low of $9.04 and a one year high of $33.49.
Axiall Corp. (NYSE:AXLL) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.11. The firm had revenue of $776.10 million for the quarter, compared to analysts’ expectations of $838 million. The firm’s quarterly revenue was down 26.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. On average, analysts anticipate that Axiall Corp. will post $0.53 EPS for the current year.
AXLL has been the topic of several recent analyst reports. Nomura reaffirmed a “hold” rating on shares of Axiall Corp. in a report on Monday, July 11th. JPMorgan Chase & Co. downgraded shares of Axiall Corp. from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $26.50 to $33.00 in a report on Monday, June 13th. They noted that the move was a valuation call. Citigroup Inc. increased their price objective on shares of Axiall Corp. from $23.35 to $33.00 and gave the company a “neutral” rating in a report on Monday, June 13th. Finally, TheStreet raised shares of Axiall Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 22nd. Eight analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $27.00.
About Axiall Corp.
Axiall Corporation (Axiall) is a manufacturer and international marketer of chemicals and building products. The Company operates through two segments: chlorovinyls and building products. Its products include chlorine, caustic soda, vinyl chloride monomer, siding and exterior accessories, and pipe and pipe fittings, among others.
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