Private Harbour Investment Management Counsel Lowers stake in PolyOne Corporation (POL)

PolyOne Corporation (POL) : Private Harbour Investment Management Counsel reduced its stake in PolyOne Corporation by 2.43% during the most recent quarter end. The investment management company now holds a total of 39,130 shares of PolyOne Corporation which is valued at $1,373,463 after selling 975 shares in PolyOne Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.PolyOne Corporation makes up approximately 1.10% of Private Harbour Investment Management Counsel’s portfolio.

Other Hedge Funds, Including , Tocqueville Asset Management reduced its stake in POL by selling 127,620 shares or 23.91% in the most recent quarter. The Hedge Fund company now holds 406,052 shares of POL which is valued at $14,240,244. PolyOne Corporation makes up approx 0.18% of Tocqueville Asset Management’s portfolio.Kalmar Investments Inc De reduced its stake in POL by selling 78,667 shares or 6.53% in the most recent quarter. The Hedge Fund company now holds 1,125,302 shares of POL which is valued at $39,464,341. PolyOne Corporation makes up approx 1.68% of Kalmar Investments Inc De’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in POL by selling 1,120 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 537,858 shares of POL which is valued at $18,862,680. PolyOne Corporation makes up approx 0.15% of Public Employees Retirement Association Of Colorado’s portfolio.Strs Ohio reduced its stake in POL by selling 28,700 shares or 4.49% in the most recent quarter. The Hedge Fund company now holds 611,000 shares of POL which is valued at $22,429,810. PolyOne Corporation makes up approx 0.10% of Strs Ohio’s portfolio.

PolyOne Corporation closed down -0.03 points or -0.09% at $35.07 with 2,21,483 shares getting traded on Thursday. Post opening the session at $34.96, the shares hit an intraday low of $34.96 and an intraday high of $35.39 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, PolyOne Corporation reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.61. The company had revenue of $861.50 million for the quarter, compared to analysts expectations of $878.15 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 EPS.

Investors should note that on Jul 14, 2016, PolyOne Corporation announced a cash dividend of $0.1200. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Oct 6, 2016.

Many Wall Street Analysts have commented on PolyOne Corporation. PolyOne Corporation was Downgraded by Goldman to ” Neutral” on Jul 28, 2016. PolyOne Corporation was Upgraded by Wellington Shields to ” Gradually Accumulate” on Jun 30, 2016.

PolyOne Corporation (PolyOne) is a provider of polymer materials services and solutions. The Company offers specialty polymer formulations color and additive systems plastic sheet and packaging solutions and polymer distribution. The Company operates in five segments: Global Color Additives and Inks; which provides color and additive concentrates; Global Specialty Engineered Materials which offers polymer formulations services and solutions; Designed Structures and Solutions which provides solutions for engineered polymer structures rigid barrier packaging and specialty cast acrylics; Performance Products and Solutions segment consists of the Geon Performance Materials (Geon) and Producer Services business units and PolyOne Distribution segment distributes engineering and commodity grade resins. It offers ColorMatrix fiber colorant solutions which provides late-stage color injection in fiber applications utilizing liquid solutions.

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