Loukas Stephen Lowers stake in Ferro Corporation (FOE)

Ferro Corporation (FOE) : Loukas Stephen reduced its stake in Ferro Corporation by 4.24% during the most recent quarter end. The investment management company now holds a total of 12,591 shares of Ferro Corporation which is valued at $191,635 after selling 557 shares in Ferro Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Ferro Corporation makes up approximately 100.00% of Loukas Stephen’s portfolio.

Other Hedge Funds, Including , Group One Trading reduced its stake in FOE by selling 16,213 shares or 44.59% in the most recent quarter. The Hedge Fund company now holds 20,144 shares of FOE which is valued at $306,592. Ferro Corporation makes up approx 0.02% of Group One Trading’s portfolio.Lombardia Capital Partners boosted its stake in FOE in the latest quarter, The investment management firm added 460,312 additional shares and now holds a total of 791,679 shares of Ferro Corporation which is valued at $10,956,837. Ferro Corporation makes up approx 0.90% of Lombardia Capital Partners’s portfolio. Paradice Investment Management sold out all of its stake in FOE during the most recent quarter. The investment firm sold 691,794 shares of FOE which is valued $9,062,501.Ironwood Investment Management reduced its stake in FOE by selling 28,117 shares or 16.93% in the most recent quarter. The Hedge Fund company now holds 138,010 shares of FOE which is valued at $1,810,691. Ferro Corporation makes up approx 1.47% of Ironwood Investment Management’s portfolio.

Ferro Corporation opened for trading at $14.68 and hit $14.89 on the upside on Monday, eventually ending the session at $14.85, with a gain of 1.02% or 0.15 points. The heightened volatility saw the trading volume jump to 4,84,559 shares. Company has a market cap of $1,238 M.

On the company’s financial health, Ferro Corporation reported $0.27 EPS for the quarter, based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus estimate of $0.27. The company had revenue of $288.53 million for the quarter, compared to analysts expectations of $283.97 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Ferro Corporation (Ferro) produces performance materials for a range of manufacturers in diversified industries throughout the world. The Company uses inorganic and organic chemical processes polymer science and materials science to develop and produce these performance materials. It operates approximately 33 facilities around the world that manufacture performance materials and performance chemicals. The Company’s performance materials include frits porcelain and other glass enamels glazes stains decorating colors pigments inks polishing materials specialty dielectrics electronic glasses and other specialty coatings. Ferro operates through four segments: Tile Coating Systems Porcelain Enamel Performance Colors and Glass and Pigments Powders and Oxides. Ferro’s products are used in a variety of product applications in markets including appliances household furnishings automobiles industrial products building and renovation and packaging.

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