Mason Capital Management Lowers stake in Hubbell Incorporated (HUBB)

Hubbell Incorporated (HUBB) : Mason Capital Management reduced its stake in Hubbell Incorporated by 24.47% during the most recent quarter end. The investment management company now holds a total of 659,679 shares of Hubbell Incorporated which is valued at $70,526,282 after selling 213,696 shares in Hubbell Incorporated , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Hubbell Incorporated makes up approximately 4.36% of Mason Capital Management’s portfolio.

Other Hedge Funds, Including , Gotham Asset Management reduced its stake in HUBB by selling 11,464 shares or 27.05% in the most recent quarter. The Hedge Fund company now holds 30,922 shares of HUBB which is valued at $3,305,871. Hubbell Incorporated makes up approx 0.04% of Gotham Asset Management’s portfolio. Dubuque Bank Trust Co sold out all of its stake in HUBB during the most recent quarter. The investment firm sold 56 shares of HUBB which is valued $5,987.Thrivent Financial For Lutherans boosted its stake in HUBB in the latest quarter, The investment management firm added 84,200 additional shares and now holds a total of 91,000 shares of Hubbell Incorporated which is valued at $9,728,810. Hubbell Incorporated makes up approx 0.05% of Thrivent Financial For Lutherans’s portfolio. Clinton Group Inc added HUBB to its portfolio by purchasing 11,936 company shares during the most recent quarter which is valued at $1,276,078. Hubbell Incorporated makes up approx 0.05% of Clinton Group Inc’s portfolio.Granite Investment Advisors reduced its stake in HUBB by selling 2,365 shares or 7.02% in the most recent quarter. The Hedge Fund company now holds 31,329 shares of HUBB which is valued at $3,308,342. Hubbell Incorporated makes up approx 0.65% of Granite Investment Advisors’s portfolio.

On the company’s financial health, Hubbell Incorporated reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.43. The company had revenue of $908.80 million for the quarter, compared to analysts expectations of $898.99 million. The company’s revenue was up 4.0% compared to the same quarter last year.

Hubbell Incorporated (Hubbell) is engaged in the design manufacture and sale of electrical and electronic products for a range of non-residential and residential construction industrial and utility applications. The Company operates in two segments: Electrical and Power. The Electrical segment consists of electrical systems products and lighting products. The Electrical segment consists of businesses which sell stock and custom products including standard and special application wiring device products rough-in electrical products connector and grounding products lighting fixtures and controls. It also offers light-emitting diode (LED) luminaire products. The Power segment designs and manufactures various distribution transmission substation and telecommunication products used by the electrical utility industry. It offers these products to electric utilities telecommunication companies pipeline and mining operations and construction and engineering firms among others.

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