Bares Capital Management buys $113,802,467 stake in Platform Specialty Products Corp (PAH)

Platform Specialty Products Corp (PAH) : Bares Capital Management scooped up 836,225 additional shares in Platform Specialty Products Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 12,786,794 shares of Platform Specialty Products Corp which is valued at $113,802,467.Platform Specialty Products Corp makes up approximately 7.50% of Bares Capital Management’s portfolio.

Other Hedge Funds, Including , New York State Common Retirement Fund boosted its stake in PAH in the latest quarter, The investment management firm added 89,900 additional shares and now holds a total of 384,400 shares of Platform Specialty Products Corp which is valued at $3,421,160.Swiss National Bank boosted its stake in PAH in the latest quarter, The investment management firm added 4,000 additional shares and now holds a total of 247,189 shares of Platform Specialty Products Corp which is valued at $2,402,677. Spot Trading L.l.c added PAH to its portfolio by purchasing 3,576 company shares during the most recent quarter which is valued at $34,759.Cutler Group Lp boosted its stake in PAH in the latest quarter, The investment management firm added 168 additional shares and now holds a total of 19,900 shares of Platform Specialty Products Corp which is valued at $183,080. Platform Specialty Products Corp makes up approx 0.01% of Cutler Group Lp’s portfolio.

Platform Specialty Products Corp closed down -0.06 points or -0.66% at $8.99 with 10,44,440 shares getting traded on Friday. Post opening the session at $8.93, the shares hit an intraday low of $8.81 and an intraday high of $9.02 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Platform Specialty Products Corp reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.20. The company had revenue of $922.00 million for the quarter, compared to analysts expectations of $887.70 million. The company’s revenue was up 36.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Platform Specialty Products Corp. Platform Specialty Products Corp was Initiated by ROTH Capital to “Buy” on Aug 22, 2016. Citigroup Initiated Platform Specialty Products Corp on Jul 28, 2016 to “Buy”, Price Target of the shares are set at $11.

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