North Run Capital Lp Lowers stake in Esterline Technologies Corporation (ESL)

Esterline Technologies Corporation (ESL) : North Run Capital Lp reduced its stake in Esterline Technologies Corporation by 2.56% during the most recent quarter end. The investment management company now holds a total of 570,000 shares of Esterline Technologies Corporation which is valued at $40,213,500 after selling 15,000 shares in Esterline Technologies Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Esterline Technologies Corporation makes up approximately 6.03% of North Run Capital Lp’s portfolio.

Other Hedge Funds, Including , Citadel Advisors boosted its stake in ESL in the latest quarter, The investment management firm added 105,709 additional shares and now holds a total of 128,156 shares of Esterline Technologies Corporation which is valued at $9,041,406. Esterline Technologies Corporation makes up approx 0.02% of Citadel Advisors’s portfolio.Snyder Capital Management L P reduced its stake in ESL by selling 1,170 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 438,956 shares of ESL which is valued at $30,968,346. Esterline Technologies Corporation makes up approx 1.93% of Snyder Capital Management L P’s portfolio.Credit Suisse Ag boosted its stake in ESL in the latest quarter, The investment management firm added 20,893 additional shares and now holds a total of 43,894 shares of Esterline Technologies Corporation which is valued at $3,096,722. Princeton Alpha Management Lp sold out all of its stake in ESL during the most recent quarter. The investment firm sold 11,088 shares of ESL which is valued $768,842.

Esterline Technologies Corporation opened for trading at $77.01 and hit $77.45 on the upside on Monday, eventually ending the session at $77.04, with a gain of 0.38% or 0.29 points. The heightened volatility saw the trading volume jump to 1,22,512 shares. Company has a market cap of $2,265 M.

On the company’s financial health, Esterline Technologies Corporation reported $1.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.28. The company had revenue of $517.10 million for the quarter, compared to analysts expectations of $491.28 million. The company’s revenue was up 6.7% compared to the same quarter last year.

Many Wall Street Analysts have commented on Esterline Technologies Corporation. Esterline Technologies Corporation was Upgraded by Drexel Hamilton to ” Buy” on Aug 15, 2016.

Esterline Technologies Corporation is a specialized manufacturing company. The Company designs manufactures and markets engineered products and systems for application in the industries. The Company is focused on serving aerospace and defense customers. The Company’s products are used in military and commercial aircraft helicopters and land-based systems. Its products are used in the active and in-production United States military aircraft and Boeing commercial aircraft platform. In addition its products are supplied to regional and business jet manufacturers and aircraft engine manufacturers. The Company conducts its business in three segments: Avionics & Controls Sensors & Systems and Advanced Materials.

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