Strs Ohio boosted its stake in Axiall Corp. (NYSE:AXLL) by 21.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,600 shares of the company’s stock after buying an additional 6,100 shares during the period. Strs Ohio’s holdings in Axiall Corp. were worth $1,128,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new position in shares of Axiall Corp. during the second quarter worth $115,000. Sphinx Trading LP bought a new position in shares of Axiall Corp. during the second quarter worth $310,000. Havens Advisors LLC bought a new position in shares of Axiall Corp. during the second quarter worth $1,523,000. BNP Paribas Arbitrage SA raised its position in shares of Axiall Corp. by 371.0% in the second quarter. BNP Paribas Arbitrage SA now owns 6,081 shares of the company’s stock worth $198,000 after buying an additional 4,790 shares during the last quarter. Finally, Seven Eight Capital LLC bought a new position in shares of Axiall Corp. during the first quarter worth $135,000.
Shares of Axiall Corp. (NYSE:AXLL) remained flat at $33.00 during trading on Thursday. Axiall Corp. has a 12-month low of $9.04 and a 12-month high of $33.49. The stock’s 50-day moving average is $33.00 and its 200-day moving average is $29.10.
Axiall Corp. (NYSE:AXLL) last released its earnings results on Monday, August 8th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.11. The firm had revenue of $776.10 million for the quarter, compared to analyst estimates of $838 million. The business’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. Analysts anticipate that Axiall Corp. will post $0.53 EPS for the current year.
A number of analysts have recently issued reports on AXLL shares. Nomura reiterated a “hold” rating on shares of Axiall Corp. in a report on Monday, July 11th. TheStreet upgraded shares of Axiall Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 22nd. Eight investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Axiall Corp. currently 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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