Gratia Capital buys $9,575,534 stake in Ball Corporation (BLL)

Ball Corporation (BLL) : Gratia Capital scooped up 12,030 additional shares in Ball Corporation 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 119,247 shares of Ball Corporation which is valued at $9,575,534.Ball Corporation makes up approximately 4.39% of Gratia Capital’s portfolio.

Other Hedge Funds, Including , Teachers Retirement System Of The State Of Kentucky boosted its stake in BLL in the latest quarter, The investment management firm added 1,993 additional shares and now holds a total of 63,258 shares of Ball Corporation which is valued at $5,079,617. Ball Corporation makes up approx 0.06% of Teachers Retirement System Of The State Of Kentucky’s portfolio.Clinton Group Inc boosted its stake in BLL in the latest quarter, The investment management firm added 7,139 additional shares and now holds a total of 27,916 shares of Ball Corporation which is valued at $2,241,655. Ball Corporation makes up approx 0.09% of Clinton Group Inc’s portfolio.Old Mutual Customised Solutions (proprietary) Ltd reduced its stake in BLL by selling 2,600 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 2,600 shares of BLL which is valued at $208,780. Ball Corporation makes up approx 0.05% of Old Mutual Customised Solutions (proprietary) Ltd’s portfolio. Dynamic Technology Lab Private Ltd sold out all of its stake in BLL during the most recent quarter. The investment firm sold 4,190 shares of BLL which is valued $336,457.

Ball Corporation opened for trading at $79.39 and hit $79.89 on the upside on Thursday, eventually ending the session at $79.85, with a gain of 0.83% or 0.66 points. The heightened volatility saw the trading volume jump to 23,85,951 shares. Company has a market cap of $13,912 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.

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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