Ct Mason Lowers stake in AptarGroup (ATR)

AptarGroup (ATR) : Ct Mason reduced its stake in AptarGroup by 11.24% during the most recent quarter end. The investment management company now holds a total of 4,898 shares of AptarGroup which is valued at $372,787 after selling 620 shares in AptarGroup , the firm said in a disclosure report filed with the SEC on Oct 4, 2016.AptarGroup makes up approximately 0.16% of Ct Mason’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank added ATR to its portfolio by purchasing 8 company shares during the most recent quarter which is valued at $609.

AptarGroup closed down -1.26 points or -1.63% at $76.1 with 2,42,680 shares getting traded on Tuesday. Post opening the session at $77.24, the shares hit an intraday low of $76 and an intraday high of $77.676 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, AptarGroup reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.90. The company had revenue of $620.00 million for the quarter, compared to analysts expectations of $620.24 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS.

AptarGroup Inc. is a solution provider of a range of packaging delivery solutions for the beauty personal care home care prescription drug consumer health care injectables food and beverage markets. The Company has manufacturing facilities located throughout the world including North America Europe Asia and South America. It offers various dispensing and sealing solutions. Its primary products are dispensing pumps closures aerosol valves and elastomer primary packaging components. It also manufactures and sells elastomer primary packaging components which include stoppers for infusion antibiotic lyophilization and diagnostic vials. Its elastomer components also include pre-filled syringe components such as plungers needle shields tip caps and cartridges as well as dropper bulbs and disposable syringe plungers. The Company’s segments include Beauty + Home Pharma and Food + Beverage.

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