Bluemar Capital Management buys $5,910,000 stake in VWR Corp (VWR)

VWR Corp (VWR) : Bluemar Capital Management scooped up 144,000 additional shares in VWR Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 200,000 shares of VWR Corp which is valued at $5,910,000.VWR Corp makes up approximately 2.73% of Bluemar Capital Management’s portfolio.

Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. reduced its stake in VWR by selling 67,825 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 67,825 shares of VWR which is valued at $2,004,229. VWR Corp makes up approx 0.01% of Connor Clark Lunn Investment Management Ltd.’s portfolio.Crescent Park Management reduced its stake in VWR by selling 246,700 shares or 25.57% in the most recent quarter. The Hedge Fund company now holds 718,086 shares of VWR which is valued at $21,219,441. VWR Corp makes up approx 4.96% of Crescent Park Management’s portfolio.Bogle Investment Management L P De boosted its stake in VWR in the latest quarter, The investment management firm added 402,300 additional shares and now holds a total of 456,183 shares of VWR Corp which is valued at $13,480,208. VWR Corp makes up approx 0.84% of Bogle Investment Management L P De’s portfolio.Vaughan Nelson Investment Management boosted its stake in VWR in the latest quarter, The investment management firm added 93,375 additional shares and now holds a total of 7,405,287 shares of VWR Corp which is valued at $218,826,231. VWR Corp makes up approx 2.66% of Vaughan Nelson Investment Management’s portfolio.Acadian Asset Management boosted its stake in VWR in the latest quarter, The investment management firm added 1,391,180 additional shares and now holds a total of 5,028,202 shares of VWR Corp which is valued at $153,561,289. VWR Corp makes up approx 0.76% of Acadian Asset Management’s portfolio.

VWR Corp closed down -0.16 points or -0.57% at $27.75 with 6,13,250 shares getting traded on Thursday. Post opening the session at $27.89, the shares hit an intraday low of $27.5475 and an intraday high of $27.97 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, VWR Corp reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.41. The company had revenue of $1150.00 million for the quarter, compared to analysts expectations of $1140.88 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on VWR Corp. Shares were Downgraded by UBS on Sep 6, 2016 to ” Sell” and Lowered the Price Target to $ 27 from a previous price target of $29 .Company shares were Reiterated by Mizuho on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $33 .

VWR Corporation (VWR) is a provider of laboratory products services and solutions to the life science general research and applied markets. The Company operates in two segments: North Central and South America (Americas) and Europe Middle East Africa and Asia Pacific (EMEA-APAC). It has a presence in Europe and North America with respect to the laboratory products market. It also has operations in Asia-Pacific and other markets to support its multinational customers across the globe. The Company offers a portfolio of and private label laboratory products and a range of services including custom manufacturing. The Company’s portfolio includes chemicals reagents consumables durable products and scientific equipment and instruments. The Company’s branded and private label product portfolio includes service offerings marketed under the VWRCATALYST brand including sourcing and procurement logistics chemical and equipment tracking and sample management.

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