Lorem Ipsum Management adds Dynegy (DYN) to its portfolio

Dynegy (DYN) : Lorem Ipsum Management added new position in Dynegy during the most recent quarter end. The investment management firm now holds 110,000 shares of Dynegy which is valued at $1,371,700 , the company said in a statement filed on Aug 10, 2016 with the SEC.Dynegy makes up approximately 5.49% of Lorem Ipsum Management’s portfolio.

Other Hedge Funds, Including , Convergence Investment Partners added DYN to its portfolio by purchasing 292,008 company shares during the most recent quarter which is valued at $3,641,340. Dynegy makes up approx 0.48% of Convergence Investment Partners’s portfolio. Airain Ltd sold out all of its stake in DYN during the most recent quarter. The investment firm sold 22,601 shares of DYN which is valued $315,510.Neuberger Berman Group reduced its stake in DYN by selling 753,961 shares or 36.16% in the most recent quarter. The Hedge Fund company now holds 1,331,117 shares of DYN which is valued at $18,582,393. Dynegy makes up approx 0.02% of Neuberger Berman Group’s portfolio.Clarivest Asset Management boosted its stake in DYN in the latest quarter, The investment management firm added 23,527 additional shares and now holds a total of 77,427 shares of Dynegy which is valued at $1,171,471. Dynegy makes up approx 0.03% of Clarivest Asset Management’s portfolio. Huntington National Bank sold out all of its stake in DYN during the most recent quarter. The investment firm sold 170 shares of DYN which is valued $2,708.

Dynegy closed down -0.39 points or -3.11% at $12.14 with 22,60,029 shares getting traded on Friday. Post opening the session at $12.45, the shares hit an intraday low of $11.96 and an intraday high of $12.45 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Dynegy reported $-0.23 EPS for the quarter, missing the analyst consensus estimate by $ -1.20 based on the information available during the earnings call on Nov 4, 2015. Analyst had a consensus of $0.97. The company had revenue of $1232.00 million for the quarter, compared to analysts expectations of $1531.13 million. The company’s revenue was up 100.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

Many Wall Street Analysts have commented on Dynegy. Dynegy was Upgraded by Citigroup to ” Buy” on Jun 29, 2016. Dynegy was Upgraded by SunTrust to ” Buy” on Jun 29, 2016. Dynegy was Downgraded by Citigroup to ” Neutral” on Jun 10, 2016.

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