Bares Capital Management Lowers stake in Colfax Corp (CFX)

Colfax Corp (CFX) : Bares Capital Management reduced its stake in Colfax Corp by 44.9% during the most recent quarter end. The investment management company now holds a total of 4,129,169 shares of Colfax Corp which is valued at $125,278,987 after selling 3,365,107 shares in Colfax Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Colfax Corp makes up approximately 8.26% of Bares Capital Management’s portfolio.

Other Hedge Funds, Including , Dynamic Technology Lab Private Ltd sold out all of its stake in CFX during the most recent quarter. The investment firm sold 18,484 shares of CFX which is valued $560,805. Oxford Asset Management sold out all of its stake in CFX during the most recent quarter. The investment firm sold 26,442 shares of CFX which is valued $825,784.Boston Partners boosted its stake in CFX in the latest quarter, The investment management firm added 10,799 additional shares and now holds a total of 126,483 shares of Colfax Corp which is valued at $3,765,399. Colfax Corp makes up approx 0.01% of Boston Partners’s portfolio.Quantbot Technologies Lp boosted its stake in CFX in the latest quarter, The investment management firm added 1,081 additional shares and now holds a total of 2,085 shares of Colfax Corp which is valued at $59,589. Colfax Corp makes up approx 0.01% of Quantbot Technologies Lp’s portfolio. Ruane Cunniff Goldfarb Inc sold out all of its stake in CFX during the most recent quarter. The investment firm sold 501,400 shares of CFX which is valued $14,490,460.

Colfax Corp (CFX) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $30.6 and reached the intraday high at $31. The bulls started the profit booking and pushed the shares to intraday low of $30.41. The trading session was marked by a volume range of 6,70,785 shares exchanging hands. The 52-week high of the shares is $40.16 and the 52-week low is $18.22. The market cap of the company stands at $3,782 M and there are 12,26,59,511 shares in public circulation.

On the company’s financial health, Colfax Corp reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.39. The company had revenue of $957.25 million for the quarter, compared to analysts expectations of $942.67 million. The company’s revenue was down -6.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Colfax Corp. Company shares were Upgraded by Barclays on May 25, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 26 from a previous price target of $24 .BB&T Capital Mkts Upgraded Colfax Corp on May 17, 2016 to ” Buy”, Price Target of the shares are set at $34.

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid-handling and fabrication technology products and services to commercial and Governmental customers around the world under the Howden ESAB and Colfax Fluid Handling brand names. The Company’s segments include gas and fluid handling and fabrication technology. The gas and fluid handling segment supplies a range of products including heavy-duty centrifugal and axial fans rotary heat exchangers gas compressors pumps fluid-handling systems and controls and specialty valves which serves customers in the power generation oil gas and petrochemical mining marine (including defense) and general industrial and other end markets. Fabrication technology segment formulates develops manufactures and supplies consumable products and equipment for the cutting and joining of steels aluminum and other metals and metal alloys.

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