Muse John R Exits Position in TTM Technologies (TTMI)

TTM Technologies (TTMI) : Muse John R has sold out all of its stake in TTM Technologies during the most recent quarter, according to the disclosure filed by the company on Jul 14, 2016 with the SEC. The investment management company has sold out 1,740,340 shares of TTM Technologies which is valued at $14,427,419.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in TTMI by selling 5,520 shares or 10.93% in the most recent quarter. The Hedge Fund company now holds 45,002 shares of TTMI which is valued at $355,966. TTM Technologies makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Cutler Group Lp added TTMI to its portfolio by purchasing 1,643 company shares during the most recent quarter which is valued at $12,996. Quotient Investors added TTMI to its portfolio by purchasing 10,200 company shares during the most recent quarter which is valued at $80,682. TTM Technologies makes up approx 0.04% of Quotient Investors’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in TTMI in the latest quarter, The investment management firm added 30,300 additional shares and now holds a total of 186,138 shares of TTM Technologies which is valued at $1,412,787. TTM Technologies makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

TTM Technologies opened for trading at $8.14 and hit $8.3 on the upside on Monday, eventually ending the session at $8.29, with a gain of 2.09% or 0.17 points. The heightened volatility saw the trading volume jump to 2,96,098 shares. Company has a market cap of $830 M.

On the company’s financial health, TTM Technologies reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.08. The company had revenue of $583.30 million for the quarter, compared to analysts expectations of $584.97 million. The company’s revenue was up 77.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

TTM Technologies Inc. is a provider of printed circuit board (PCB) products and backplane assemblies which serve as the foundation of electronic products. The Company operates a total of 13 facilities in the United States and the People’s Republic of China (China). It manages operations based on two geographic operating segments: Asia Pacific which consists of five PCB fabrication plants and North America which consists of seven domestic PCB fabrication plants including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants and one backplane assembly plant in Shanghai China which is managed in conjunction with its United States operations. It serves a range of customer base in various markets including manufacturers of networking/communications infrastructure products smartphones and touchscreen tablets as well as the aerospace and defense high-end computing and industrial/medical industries.

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