Fox Run Management L.l.c. adds PolyOne Corporation (POL) to its portfolio

PolyOne Corporation (POL) : Fox Run Management L.l.c. added new position in PolyOne Corporation during the most recent quarter end. The investment management firm now holds 26,300 shares of PolyOne Corporation which is valued at $994,403 , the company said in a statement filed on Jul 18, 2016 with the SEC.PolyOne Corporation makes up approximately 0.46% of Fox Run Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Simplex Trading added POL to its portfolio by purchasing 268 company shares during the most recent quarter which is valued at $10,133. Capstone Asset Management Co added POL to its portfolio by purchasing 5,728 company shares during the most recent quarter which is valued at $215,602. PolyOne Corporation makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Cutler Group Lp added POL to its portfolio by purchasing 625 company shares during the most recent quarter which is valued at $23,525.

PolyOne Corporation opened for trading at $37.58 and hit $38.11 on the upside on Wednesday, eventually ending the session at $37.81, with a gain of 0.56% or 0.21 points. The heightened volatility saw the trading volume jump to 2,22,325 shares. Company has a market cap of $3,178 M.

On the company’s financial health, PolyOne Corporation reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.49. The company had revenue of $847.00 million for the quarter, compared to analysts expectations of $840.00 million. The company’s revenue was down -3.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.46 EPS.

Investors should note that on Jul 14, 2016, PolyOne Corporation announced a cash dividend of $0.1200. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Oct 6, 2016.

Many Wall Street Analysts have commented on PolyOne Corporation. PolyOne Corporation was Upgraded by Wellington Shields to ” Gradually Accumulate” on Jun 30, 2016. Company shares were Upgraded by Seaport Global Securities on Apr 27, 2016 to ” Buy”, Firm has raised the Price Target to $ 41 from a previous price target of $37 .

PolyOne Corporation (PolyOne) is a provider of polymer materials services and solutions. The Company offers specialty polymer formulations color and additive systems plastic sheet and packaging solutions and polymer distribution. The Company operates in five segments: Global Color Additives and Inks; which provides color and additive concentrates; Global Specialty Engineered Materials which offers polymer formulations services and solutions; Designed Structures and Solutions which provides solutions for engineered polymer structures rigid barrier packaging and specialty cast acrylics; Performance Products and Solutions segment consists of the Geon Performance Materials (Geon) and Producer Services business units and PolyOne Distribution segment distributes engineering and commodity grade resins. It offers ColorMatrix fiber colorant solutions which provides late-stage color injection in fiber applications utilizing liquid solutions.

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