Nwq Investment Management Company buys $117,186,060 stake in Mitel Networks Corp (MITL)

Mitel Networks Corp (MITL) : Nwq Investment Management Company scooped up 1,906,586 additional shares in Mitel Networks Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 14,629,970 shares of Mitel Networks Corp which is valued at $117,186,060.Mitel Networks Corp makes up approximately 1.92% of Nwq Investment Management Company’s portfolio.

Other Hedge Funds, Including , Guardian Capital Advisors Lp boosted its stake in MITL in the latest quarter, The investment management firm added 9,200 additional shares and now holds a total of 48,000 shares of Mitel Networks Corp which is valued at $384,480. Mitel Networks Corp makes up approx 0.07% of Guardian Capital Advisors Lp’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in MITL in the latest quarter, The investment management firm added 34,735 additional shares and now holds a total of 85,488 shares of Mitel Networks Corp which is valued at $684,759.Paradigm Capital Management Incny boosted its stake in MITL in the latest quarter, The investment management firm added 37,000 additional shares and now holds a total of 2,460,500 shares of Mitel Networks Corp which is valued at $20,053,075. Mitel Networks Corp makes up approx 2.26% of Paradigm Capital Management Incny’s portfolio.Clear Harbor Asset Management boosted its stake in MITL in the latest quarter, The investment management firm added 20,025 additional shares and now holds a total of 55,000 shares of Mitel Networks Corp which is valued at $449,350. Mitel Networks Corp makes up approx 0.09% of Clear Harbor Asset Management’s portfolio.

Mitel Networks Corp closed down -0.05 points or -0.66% at $7.48 with 5,49,878 shares getting traded on Monday. Post opening the session at $7.52, the shares hit an intraday low of $7.395 and an intraday high of $7.56 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Mitel Networks Corp reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.14. The company had revenue of $307.20 million for the quarter, compared to analysts expectations of $291.28 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Mitel Networks Corporation (Mitel) is a global provider of business communications and collaboration software services and solutions. The Company operates in two segments: Premise and Cloud. The Premise segment sells and supports products and services for premise-based customers. The Cloud segment sells and supports products that are deployed in a cloud environment. Mitel offers portfolios of business communications solutions which are known as unified communications and collaboration (UCC). It also offers cloud-based telephony services and network services in the United States and in select markets across the globe. It operates in three geographic markets: Americas which includes the United States Canada the Caribbean and Latin America; EMEA which includes the continent of Europe the Middle East and Africa and Asia Pacific which includes the continent of Asia and the Pacific region including Australia and New Zealand.

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