Integrated Investment Consultants Lowers stake in Hexcel Corporation (HXL)

Hexcel Corporation (HXL) : Integrated Investment Consultants reduced its stake in Hexcel Corporation by 0.94% during the most recent quarter end. The investment management company now holds a total of 8,178 shares of Hexcel Corporation which is valued at $345,112 after selling 78 shares in Hexcel Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Hexcel Corporation makes up approximately 0.18% of Integrated Investment Consultants’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in HXL in the latest quarter, The investment management firm added 626 additional shares and now holds a total of 961 shares of Hexcel Corporation which is valued at $40,497.British Columbia Investment Management Corp boosted its stake in HXL in the latest quarter, The investment management firm added 25,000 additional shares and now holds a total of 250,000 shares of Hexcel Corporation which is valued at $10,615,000. Hexcel Corporation makes up approx 0.11% of British Columbia Investment Management Corp’s portfolio.Eagle Asset Management Inc reduced its stake in HXL by selling 35,865 shares or 1.72% in the most recent quarter. The Hedge Fund company now holds 2,046,727 shares of HXL which is valued at $86,904,028. Hexcel Corporation makes up approx 0.60% of Eagle Asset Management Inc’s portfolio. Conestoga Capital Advisors added HXL to its portfolio by purchasing 4,698 company shares during the most recent quarter which is valued at $204,363. Hexcel Corporation makes up approx 0.01% of Conestoga Capital Advisors’s portfolio.

Hexcel Corporation opened for trading at $42.43 and hit $42.73 on the upside on Friday, eventually ending the session at $42.2, with a gain of 0.14% or 0.06 points. The heightened volatility saw the trading volume jump to 4,38,248 shares. Company has a market cap of $3,903 M.

On the company’s financial health, Hexcel Corporation reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.64. The company had revenue of $522.60 million for the quarter, compared to analysts expectations of $503.98 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Hexcel Corporation. Hexcel Corporation was Downgraded by BofA/Merrill to ” Neutral” on Jul 29, 2016.

Hexcel Corporation (Hexcel) is a composites company. The Company develops manufactures and markets lightweight structural materials including carbon fibers specialty reinforcements prepregs and other fiber-reinforced matrix materials honeycomb adhesives engineered honeycomb and composite structures for use in commercial aerospace space and defense and industrial markets. The Company operates in two segments: Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers fabrics and specialty reinforcements prepregs and other fiber-reinforced matrix materials structural adhesives honeycomb molding compounds tooling materials polyurethane systems and laminates. The Engineered Products segment manufactures and markets composite structures and precision machined honeycomb parts for use in the aerospace industry.

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