Vivaldi Asset Management adds Axiall Corp (AXLL) to its portfolio

Axiall Corp (AXLL) : Vivaldi Asset Management added new position in Axiall Corp during the most recent quarter end. The investment management firm now holds 281,869 shares of Axiall Corp which is valued at $9,273,490 , the company said in a statement filed on Aug 9, 2016 with the SEC.Axiall Corp makes up approximately 4.94% of Vivaldi Asset Management’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp reduced its stake in AXLL by selling 9,738 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 3,009,953 shares of AXLL which is valued at $98,937,155. Axiall Corp makes up approx 0.05% of Dimensional Fund Advisors Lp’s portfolio.Barrow Hanley Mewhinney Strauss reduced its stake in AXLL by selling 11,980 shares or 31.08% in the most recent quarter. The Hedge Fund company now holds 26,565 shares of AXLL which is valued at $873,989. Banco Btg Pactual S.a. added AXLL to its portfolio by purchasing 291,450 company shares during the most recent quarter which is valued at $9,582,876. Axiall Corp makes up approx 10.93% of Banco Btg Pactual S.a.’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in AXLL by selling 7,099 shares or 13.85% in the most recent quarter. The Hedge Fund company now holds 44,175 shares of AXLL which is valued at $1,452,474.

Axiall Corp opened for trading at $32.96 and hit $32.97 on the upside on Wednesday, eventually ending the session at $32.95, with a gain of 0.12% or 0.04 points. The heightened volatility saw the trading volume jump to 7,90,475 shares. Company has a market cap of $2,331 M.

On the company’s financial health, Axiall Corp reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.01. The company had revenue of $776.10 million for the quarter, compared to analysts expectations of $833.20 million. The company’s 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.

Many Wall Street Analysts have commented on Axiall Corp. Axiall Corp was Downgraded by JP Morgan to ” Neutral” on Jun 13, 2016.

Axiall Corporation is a manufacturer and international marketer of chemicals and building products. The Company operates through three segments: chlorovinyls building products and aromatics. The Company’s chlorovinyls segment produces a chain of products including chlor-alkali and derivative products such as chlorine caustic soda vinyl chloride monomer (VCM) vinyl resins ethylene dichloride (or 1 2 dichloroethane) (EDC) chlorinated solvents calcium hypochlorite hydrochloric acid (HCL) and phosgene derivatives and compound products such as vinyl compounds and compound additives and plasticizers. The Company’s building products segment consists of two primary product groups: window and door profiles and trim moldings and deck products and outdoor building products which includes siding and exterior accessories pipe and pipe fittings. The Company’s aromatics segment manufactures cumene products and phenol and acetone products (co-products made from cumene).

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