Semper Augustus Investments Group adds Hexcel Corporation (HXL) to its portfolio

Hexcel Corporation (HXL) : Semper Augustus Investments Group added new position in Hexcel Corporation during the most recent quarter end. The investment management firm now holds 82,950 shares of Hexcel Corporation which is valued at $3,692,934 , the company said in a statement filed on Aug 12, 2016 with the SEC.Hexcel Corporation makes up approximately 2.62% of Semper Augustus Investments Group’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies boosted its stake in HXL in the latest quarter, The investment management firm added 157,900 additional shares and now holds a total of 288,600 shares of Hexcel Corporation which is valued at $12,848,472. Hexcel Corporation makes up approx 0.02% of Renaissance Technologies’s portfolio.Baird Financial Group boosted its stake in HXL in the latest quarter, The investment management firm added 3,096 additional shares and now holds a total of 135,690 shares of Hexcel Corporation which is valued at $6,040,919. Hexcel Corporation makes up approx 0.05% of Baird Financial Group’s portfolio.Ramsey Quantitative Systems reduced its stake in HXL by selling 1,534 shares or 11.27% in the most recent quarter. The Hedge Fund company now holds 12,081 shares of HXL which is valued at $537,846. Hexcel Corporation makes up approx 0.57% of Ramsey Quantitative Systems’s portfolio.Ownership Capital B.v. boosted its stake in HXL in the latest quarter, The investment management firm added 168,041 additional shares and now holds a total of 1,287,147 shares of Hexcel Corporation which is valued at $56,158,224. Hexcel Corporation makes up approx 8.54% of Ownership Capital B.v.’s portfolio.

Hexcel Corporation opened for trading at $45.23 and hit $45.9 on the upside on Monday, eventually ending the session at $45.6, with a gain of 0.77% or 0.35 points. The heightened volatility saw the trading volume jump to 3,01,155 shares. Company has a market cap of $4,218 M.

On the company’s financial health, Hexcel Corporation reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.64. The company had revenue of $522.60 million for the quarter, compared to analysts expectations of $503.98 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Hexcel Corporation. Hexcel Corporation was Downgraded by BofA/Merrill to ” Neutral” on Jul 29, 2016.

Hexcel Corporation (Hexcel) is a composites company. The Company develops manufactures and markets lightweight structural materials including carbon fibers specialty reinforcements prepregs and other fiber-reinforced matrix materials honeycomb adhesives engineered honeycomb and composite structures for use in commercial aerospace space and defense and industrial markets. The Company operates in two segments: Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers fabrics and specialty reinforcements prepregs and other fiber-reinforced matrix materials structural adhesives honeycomb molding compounds tooling materials polyurethane systems and laminates. The Engineered Products segment manufactures and markets composite structures and precision machined honeycomb parts for use in the aerospace industry.

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