Alambic Investment Management buys $2,940,204 stake in Navistar International Corp (NAV)

Navistar International Corp (NAV) : Alambic Investment Management scooped up 88,879 additional shares in Navistar International Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 220,736 shares of Navistar International Corp which is valued at $2,940,204.Navistar International Corp makes up approximately 0.66% of Alambic Investment Management’s portfolio.

Other Hedge Funds, Including , Oxford Asset Management sold out all of its stake in NAV during the most recent quarter. The investment firm sold 143,032 shares of NAV which is valued $1,905,186.Wedbush Securities Inc reduced its stake in NAV by selling 860 shares or 3.41% in the most recent quarter. The Hedge Fund company now holds 24,391 shares of NAV which is valued at $296,107. Navistar International Corp makes up approx 0.05% of Wedbush Securities Inc’s portfolio.Stoneridge Investment Partners reduced its stake in NAV by selling 63,044 shares or 45.05% in the most recent quarter. The Hedge Fund company now holds 76,886 shares of NAV which is valued at $1,009,513. Navistar International Corp makes up approx 0.14% of Stoneridge Investment Partners’s portfolio.Creative Planning boosted its stake in NAV in the latest quarter, The investment management firm added 1,350 additional shares and now holds a total of 13,156 shares of Navistar International Corp which is valued at $165,634.

Navistar International Corp opened for trading at $13.17 and hit $13.76 on the upside on Monday, eventually ending the session at $13.66, with a gain of 3.72% or 0.49 points. The heightened volatility saw the trading volume jump to 10,27,739 shares. Company has a market cap of $1,115 M.

On the company’s financial health, Navistar International Corp reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on Jun 7, 2016. Analyst had a consensus of $-0.15. The company had revenue of $2197.00 million for the quarter, compared to analysts expectations of $2176.60 million. The company’s revenue was down -18.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.78 EPS.

Many Wall Street Analysts have commented on Navistar International Corp. Navistar International Corp was Downgraded by Piper Jaffray to ” Neutral” on Jun 28, 2016. Stifel Downgraded Navistar International Corp on Jun 14, 2016 to ” Sell”, Price Target of the shares are set at $10.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *