LMR Partners LLP acquired a new position in Axiall Corp. (NYSE:AXLL) during the second quarter, Holdings Channel reports. The fund acquired 140,637 shares of the company’s stock, valued at approximately $4,586,000. Axiall Corp. makes up about 0.7% of LMR Partners LLP’s investment portfolio, making the stock its 17th largest position.
Other hedge funds also recently bought and sold shares of the company. Price Michael F acquired a new stake in Axiall Corp. during the first quarter valued at approximately $2,512,000. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Axiall Corp. during the first quarter worth about $19,681,000. Loomis Sayles & Co. L P boosted its stake in shares of Axiall Corp. by 2.1% in the first quarter. Loomis Sayles & Co. L P now owns 449,189 shares of the company’s stock worth $9,811,000 after buying an additional 9,111 shares during the last quarter. State Street Corp boosted its stake in shares of Axiall Corp. by 3.8% in the first quarter. State Street Corp now owns 1,293,641 shares of the company’s stock worth $28,254,000 after buying an additional 47,196 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Axiall Corp. during the first quarter worth about $2,937,000.
Axiall Corp. (NYSE:AXLL) remained flat at $33.00 during trading on Tuesday. Axiall Corp. has a 1-year low of $9.04 and a 1-year high of $33.49. The company’s 50 day moving average is $32.99 and its 200-day moving average is $28.64.
Axiall Corp. (NYSE:AXLL) last announced its earnings results on Monday, August 8th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.01 by $0.11. The company had revenue of $776.10 million for the quarter, compared to analysts’ expectations of $838 million. During the same period in the prior year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was down 26.7% on a year-over-year basis. On average, equities research analysts predict that Axiall Corp. will post $0.53 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on AXLL. TheStreet upgraded Axiall Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 22nd. JPMorgan Chase & Co. cut Axiall Corp. from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $26.50 to $33.00 in a report on Monday, June 13th. They noted that the move was a valuation call. Citigroup Inc. boosted their target price on Axiall Corp. from $23.35 to $33.00 and gave the stock a “neutral” rating in a report on Monday, June 13th. Finally, Nomura reiterated a “hold” rating on shares of Axiall Corp. in a report on Monday, July 11th. Eight investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Axiall Corp. has a consensus rating of “Hold” and an average price target of $27.00.
Axiall Corp. Company Profile
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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