Federal-Mogul Holdings Corp (FDML) : Paradigm Financial Advisors has sold out all of its stake in Federal-Mogul Holdings Corp during the most recent quarter, according to the disclosure filed by the company on Jul 26, 2016 with the SEC. The investment management company has sold out 20,000 shares of Federal-Mogul Holdings Corp which is valued at $183,200.
Other Hedge Funds, Including , Strs Ohio boosted its stake in FDML in the latest quarter, The investment management firm added 40,100 additional shares and now holds a total of 74,900 shares of Federal-Mogul Holdings Corp which is valued at $686,084. Simplex Trading added FDML to its portfolio by purchasing 2,038 company shares during the most recent quarter which is valued at $18,383.First Manhattan Co reduced its stake in FDML by selling 1,734 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 267,439 shares of FDML which is valued at $2,452,416. Federal-Mogul Holdings Corp makes up approx 0.01% of First Manhattan Co’s portfolio.Cutler Group Lp boosted its stake in FDML in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 4,400 shares of Federal-Mogul Holdings Corp which is valued at $40,348. Bnp Paribas Arbitrage Sa added FDML to its portfolio by purchasing 1,541 company shares during the most recent quarter which is valued at $13,684.
Federal-Mogul Holdings Corp opened for trading at $8.74 and hit $9.005 on the upside on Friday, eventually ending the session at $8.84, with a gain of 0.57% or 0.05 points. The heightened volatility saw the trading volume jump to 1,38,375 shares. Company has a market cap of $1,494 M.
On the company’s financial health, Federal-Mogul Holdings Corp reported $0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.32. The company had revenue of $1924.00 million for the quarter, compared to analysts expectations of $2000.90 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.
Many Wall Street Analysts have commented on Federal-Mogul Holdings Corp. Company shares were Reiterated by FBR Capital on Jun 21, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 8 from a previous price target of $7 .
Federal-Mogul Holdings Corporation (Federal-Mogul) formerly Federal-Mogul Corporation is a global supplier of technology and innovation in vehicle and industrial products for fuel economy emissions reduction and safety systems. The Company operates in two segments: Powertrain segment and Motorparts segment. The Powertrain segment focuses on original equipment products for automotive heavy duty and industrial applications. The Motorparts segment sells and distributes a portfolio of products in the global aftermarket while also serving original equipment manufacturers with products including braking chassis wipers and other vehicle components. The Company serves the original equipment manufacturers (OEM) and servicers (OES) (collectively OE) of automotive light medium and heavy-duty commercial vehicles off-road agricultural marine rail aerospace power generation and industrial equipment.