New Amsterdam Partnersny adds Tower International Inc (TOWR) to its portfolio

Tower International Inc (TOWR) : New Amsterdam Partnersny added new position in Tower International Inc during the most recent quarter end. The investment management firm now holds 134,096 shares of Tower International Inc which is valued at $2,966,204 , the company said in a statement filed on Aug 1, 2016 with the SEC.Tower International Inc makes up approximately 0.69% of New Amsterdam Partnersny’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in TOWR by selling 1,708 shares or 3.82% in the most recent quarter. The Hedge Fund company now holds 43,006 shares of TOWR which is valued at $951,293. Advisory Services Network added TOWR to its portfolio by purchasing 2,092 company shares during the most recent quarter which is valued at $49,978. Tower International Inc makes up approx 0.01% of Advisory Services Network’s portfolio.Smith Asset Management Group Lp boosted its stake in TOWR in the latest quarter, The investment management firm added 1,250 additional shares and now holds a total of 115,760 shares of Tower International Inc which is valued at $2,765,506. Tower International Inc makes up approx 0.08% of Smith Asset Management Group Lp’s portfolio.Cutler Group Lp boosted its stake in TOWR in the latest quarter, The investment management firm added 6,121 additional shares and now holds a total of 8,841 shares of Tower International Inc which is valued at $189,639. Tower International Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.

Tower International Inc closed down -0.31 points or -1.40% at $21.81 with 1,26,697 shares getting traded on Thursday. Post opening the session at $22.15, the shares hit an intraday low of $21.79 and an intraday high of $22.37 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Tower International Inc reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.69. The company had revenue of $505.10 million for the quarter, compared to analysts expectations of $504.83 million. The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

Investors should note that on Jul 22, 2016, Tower International Inc announced a cash dividend of $0.1000. The company’s management has announced Aug 8, 2016 as the ex-dividend date and fixed the record date on Aug 10, 2016. The payable date has been fixed on Sep 9, 2016.

Tower International Inc. is a global manufacturer of engineered automotive structural metal components and assemblies serving automotive original equipment manufacturers (OEMs). The Company operates in two segments: the Americas and International. The International segment consists of Europe and Asia and the Americas segment consists of North and South America. The Company offers its automotive customers a product portfolio supplying body-structure stampings frame and other chassis structures and complex welded assemblies for small and large cars crossovers pickups and sport utility vehicles (SUVs). The Company’s products are manufactured at 27 facilities located in North America Europe Brazil and China. The Company supports its manufacturing operations through seven engineering and sales locations around the world. The Company produces a range of structural components and assemblies.

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