Pacific Global Investment Management Co Lowers stake in Navistar International Corp (NAV)

Navistar International Corp (NAV) : Pacific Global Investment Management Co reduced its stake in Navistar International Corp by 14.46% during the most recent quarter end. The investment management company now holds a total of 412,530 shares of Navistar International Corp which is valued at $11,336,324 after selling 69,735 shares in Navistar International Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Navistar International Corp makes up approximately 2.40% of Pacific Global Investment Management Co’s portfolio.

Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership added NAV to its portfolio by purchasing 125,795 company shares during the most recent quarter which is valued at $3,456,847. Navistar International Corp makes up approx 0.01% of Arrowstreet Capital Limited Partnership’s portfolio.Citadel Advisors reduced its stake in NAV by selling 58,409 shares or 65.54% in the most recent quarter. The Hedge Fund company now holds 30,706 shares of NAV which is valued at $814,630.

Navistar International Corp opened for trading at $28.65 and hit $29.25 on the upside on Monday, eventually ending the session at $29, with a gain of 1.58% or 0.45 points. The heightened volatility saw the trading volume jump to 8,07,763 shares. Company has a market cap of $2,367 M.

On the company’s financial health, Navistar International Corp reported $-0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.60 based on the information available during the earnings call on Sep 8, 2016. Analyst had a consensus of $0.18. The company had revenue of $2086.00 million for the quarter, compared to analysts expectations of $2194.04 million. The company’s revenue was down -17.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.37 EPS.

Many Wall Street Analysts have commented on Navistar International Corp. Company shares were Reiterated by UBS on Sep 16, 2016 to “Neutral”, Firm has raised the Price Target to $ 20 from a previous price target of $11 .Company shares were Reiterated by RBC Capital Mkts on Sep 12, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 18 from a previous price target of $13 .Navistar International Corp was Upgraded by Goldman to ” Neutral” on Sep 9, 2016.

Navistar International Corporation (NIC) is a holding company whose principal operating subsidiaries are Navistar Inc. and Navistar Financial Corporation (NFC). The Company is a manufacturer of International brand commercial and military trucks MaxxForce brand diesel engines IC Bus (IC) brand school and commercial buses as well as a provider of service parts for trucks and diesel engines. It also provides retail wholesale and lease financing of trucks and parts. The Company operates in four reporting segments which comprises: North America Truck North America Parts Global Operations (collectively referred to as Manufacturing operations) and Financial Services. Its principal products and services include Trucks Parts Engines and Financial Services.

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