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.