Clearfield Capital Management Lp buys $54,644,150 stake in Ball Corporation (BLL)

Ball Corporation (BLL) : Clearfield Capital Management Lp scooped up 126,000 additional shares in Ball Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 680,500 shares of Ball Corporation which is valued at $54,644,150.Ball Corporation makes up approximately 15.26% of Clearfield Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Ikos Cif Ltd sold out all of its stake in BLL during the most recent quarter. The investment firm sold 1,377 shares of BLL which is valued $110,573.Mycio Wealth Partners boosted its stake in BLL in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 1,518 shares of Ball Corporation which is valued at $121,895. Ball Corporation makes up approx 0.02% of Mycio Wealth Partners’s portfolio. Hap Trading added BLL to its portfolio by purchasing 319,290 company shares during the most recent quarter which is valued at $25,271,804. Ball Corporation makes up approx 2.14% of Hap Trading’s portfolio.Spot Trading L.l.c boosted its stake in BLL in the latest quarter, The investment management firm added 12,581 additional shares and now holds a total of 26,074 shares of Ball Corporation which is valued at $1,827,787. Ball Corporation makes up approx 0.24% of Spot Trading L.l.c’s portfolio.

Ball Corporation opened for trading at $78.74 and hit $79.3 on the upside on Monday, eventually ending the session at $78.94, with a gain of 0.32% or 0.25 points. The heightened volatility saw the trading volume jump to 12,44,199 shares. Company has a market cap of $13,754 M.

On the company’s financial health, Ball Corporation reported $1.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.99. The company had revenue of $2030.00 million for the quarter, compared to analysts expectations of $2175.76 million. The company’s revenue was down -6.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.89 EPS.

Investors should note that on Jul 27, 2016, Ball Corporation announced a cash dividend of $0.1300. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 15, 2016.

Many Wall Street Analysts have commented on Ball Corporation. Ball Corporation was Resumed by Citigroup to “Neutral” on Jul 29, 2016. Barclays Resumed Ball Corporation on Jul 14, 2016 to “Equal Weight”, Price Target of the shares are set at $75.BofA/Merrill Resumed Ball Corporation on Jul 7, 2016 to “Buy”, Price Target of the shares are set at $80.

Ball Corporation (Ball) is a supplier of metal packaging to the beverage food personal care and household products industries. The Company operates in four segments. The metal beverage packaging Americas and Asia segment consists of operations in the United States Canada Brazil and the PRC which manufacture aluminum containers used in beverage packaging. . The metal beverage packaging Europe segment consists of operations in Europe which manufacture and sell metal beverage containers. The metal food and household products packaging segment consists of operations in the United States Europe Canada Mexico and Argentina that manufacture and sell metal food aerosol paint general line and extruded aluminum containers decorative specialty containers and aluminum slugs. The aerospace and technologies segment consists of the manufacture and sale of aerospace and other related products and services provided for the defense civil space and commercial space industries.

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