Iszo Capital Management Lp Exits Position in Hutchinson Technology Incorporated (HTCH)

Hutchinson Technology Incorporated (HTCH) : Iszo Capital Management Lp has sold out all of its stake in Hutchinson Technology Incorporated during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 28,223 shares of Hutchinson Technology Incorporated which is valued at $44,592.

Other Hedge Funds, Including , Two Sigma Securities added HTCH to its portfolio by purchasing 12,500 company shares during the most recent quarter which is valued at $19,750. Hutchinson Technology Incorporated makes up approx 0.01% of Two Sigma Securities’s portfolio.Renaissance Technologies reduced its stake in HTCH by selling 226,750 shares or 7.1% in the most recent quarter. The Hedge Fund company now holds 2,968,297 shares of HTCH which is valued at $4,689,909. Hutchinson Technology Incorporated makes up approx 0.01% of Renaissance Technologies’s portfolio. Investors Capital Advisory Services sold out all of its stake in HTCH during the most recent quarter. The investment firm sold 16,226 shares of HTCH which is valued $22,392.

Hutchinson Technology Incorporated closed down -0.01 points or -0.67% at $1.49 with 77,595 shares getting traded on Thursday. Post opening the session at $1.52, the shares hit an intraday low of $1.47 and an intraday high of $1.52 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Hutchinson Technology Incorporated reported $-0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $-0.25. The company had revenue of $53.20 million for the quarter, compared to analysts expectations of $54.65 million. The company’s revenue was down -17.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.26 EPS.

Hutchinson Technology Incorporated is a global supplier of critical precision component technologies. The Company is engaged in manufacturing suspension assemblies for all sizes and types of hard disk drives. Suspension assemblies are components of disk drives that hold the read/write heads in position above the spinning magnetic disks. It manufactures its suspension assemblies with technology and processes with low part-to-part variation. The Company categorizes its products as either suspension assemblies or other revenue which consists primarily of revenue outside of the disk drive industry for precision component manufacturing tool design tool build and metrology suspension assembly components reimbursement for disk drive industry-related engineering services and specific disk drive program capacity and biomeasurement products. It sells its suspension assemblies to original equipment manufacturers.

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