Alta Fundamental Advisers buys $17,247,660 stake in Koppers Holdings (KOP)

Koppers Holdings (KOP) : Alta Fundamental Advisers scooped up 490,679 additional shares in Koppers Holdings 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 540,679 shares of Koppers Holdings which is valued at $17,247,660.Koppers Holdings makes up approximately 13.09% of Alta Fundamental Advisers’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management boosted its stake in KOP in the latest quarter, The investment management firm added 13,083 additional shares and now holds a total of 67,092 shares of Koppers Holdings which is valued at $2,140,235.Oppenheimerfunds reduced its stake in KOP by selling 11,496 shares or 30.73% in the most recent quarter. The Hedge Fund company now holds 25,917 shares of KOP which is valued at $826,752.Lombardia Capital Partners reduced its stake in KOP by selling 257,439 shares or 53.52% in the most recent quarter. The Hedge Fund company now holds 223,617 shares of KOP which is valued at $7,292,150. Koppers Holdings makes up approx 0.53% of Lombardia Capital Partners’s portfolio.

Koppers Holdings closed down -0.12 points or -0.37% at $32.52 with 78,092 shares getting traded on Thursday. Post opening the session at $32.69, the shares hit an intraday low of $31.9 and an intraday high of $32.69 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Koppers Holdings reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.61. The company had revenue of $385.10 million for the quarter, compared to analysts expectations of $395.95 million. The company’s revenue was down -10.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.68 EPS.

Many Wall Street Analysts have commented on Koppers Holdings. Koppers Holdings was Downgraded by Monness Crespi & Hardt to ” Neutral” on Jul 18, 2016. Company shares were Reiterated by Wunderlich on Jun 30, 2016 to “Buy”, Firm has raised the Price Target to $ 39 from a previous price target of $32 .Koppers Holdings was Initiated by Barrington Research to “Outperform” on Jun 8, 2016.

Koppers Holdings Inc. (Koppers) is an integrated global provider of carbon compounds chemicals and treated wood products and services. Koppers’ products and services are used in various end-markets including the aluminum railroad specialty chemical utility rubber concrete steel residential lumber and agricultural industries. Koppers operates through three segments: Carbon Materials and Chemicals (CMC) Railroad and Utility Products and Services (RUPS) and Performance Chemicals (PC). The CMC segment is primarily a manufacturer of carbon pitch naphthalene phthalic anhydride creosote and carbon black feedstock. The RUPS segment sells treated and untreated wood products manufactured products and services primarily to the railroad and public utility markets. The PC segment sells preservatives for residential and agricultural treated lumber that includes decking and fencing. Koppers has manufacturing facilities in North America South America Australasia China and Europe.

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