Linden Advisors Lp Exits Position in Meritor Inc (MTOR)

Meritor Inc (MTOR) : Linden Advisors Lp has sold out all of its stake in Meritor Inc 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 98,488 shares of Meritor Inc which is valued at $1,009,502.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in MTOR in the latest quarter, The investment management firm added 34,702 additional shares and now holds a total of 553,310 shares of Meritor Inc which is valued at $5,671,428. Meritor Inc makes up approx 0.01% of Schwab Charles Investment Management Inc’s portfolio.Proshare Advisors reduced its stake in MTOR by selling 329 shares or 2.83% in the most recent quarter. The Hedge Fund company now holds 11,300 shares of MTOR which is valued at $115,825.Bronfman E.l. Rothschild reduced its stake in MTOR by selling 160 shares or 51.45% in the most recent quarter. The Hedge Fund company now holds 151 shares of MTOR which is valued at $1,548. Edmond De Rothschild Holding S.a. sold out all of its stake in MTOR during the most recent quarter. The investment firm sold 5,980 shares of MTOR which is valued $61,295. Parametrica Management Ltd sold out all of its stake in MTOR during the most recent quarter. The investment firm sold 14,940 shares of MTOR which is valued $121,014.

Meritor Inc closed down -0.17 points or -1.52% at $10.98 with 6,04,800 shares getting traded on Thursday. Post opening the session at $11.12, the shares hit an intraday low of $10.73 and an intraday high of $11.285 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Meritor Inc reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.43. The company had revenue of $841.00 million for the quarter, compared to analysts expectations of $836.49 million. The company’s revenue was down -7.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on Meritor Inc. Meritor Inc was Downgraded by Piper Jaffray to ” Underweight” on Jun 28, 2016.

Meritor Inc. is engaged in the development manufacture sale assembly distribution import and export of movement control systems for buses trailers and trucks and their parts and components. It serves commercial truck trailer bus and coach and off-highway machinery manufacturers. The Company’s segments include commercial truck and industrial and aftermarket and trailer. Its commercial truck and industrial segment supplies drivetrain systems and components including axles drivelines braking and suspension systems primarily for medium- and heavy-duty trucks in North America South America and Europe. This segment also supplies components for defense construction bus and coach mining fire and emergency applications and Aftermarket and Trailer segment which supplies new and remanufactured axles brakes suspensions transmissions and components for all-makes aftermarket customers and also supplies a variety of undercarriage products and systems for trailer applications.

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