Simplex Trading buys $670,902 stake in Ashland Inc (ASH)

Ashland Inc (ASH) : Simplex Trading scooped up 4,642 additional shares in Ashland Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 5,721 shares of Ashland Inc which is valued at $670,902.Ashland Inc makes up approximately 0.09% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in ASH in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 156 shares of Ashland Inc which is valued at $18,294.Bnp Paribas Arbitrage Sa reduced its stake in ASH by selling 21,432 shares or 66.21% in the most recent quarter. The Hedge Fund company now holds 10,940 shares of ASH which is valued at $1,268,602. Ashland Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio. Washington Trust Bank sold out all of its stake in ASH during the most recent quarter. The investment firm sold 13 shares of ASH which is valued $1,507.

Ashland Inc closed down -0.63 points or -0.53% at $117.27 with 7,81,906 shares getting traded on Friday. Post opening the session at $118.08, the shares hit an intraday low of $116.57 and an intraday high of $119.03 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Ashland Inc reported $1.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.74. The company had revenue of $1247.00 million for the quarter, compared to analysts expectations of $1251.60 million. The company’s revenue was down -7.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.03 EPS.

Many Wall Street Analysts have commented on Ashland Inc. Ashland Inc was Downgraded by Credit Suisse to ” Neutral” on Jul 28, 2016.

Ashland Inc. (Ashland) is a specialty chemical company that provides products services and solutions to industries. The Company’s segments are: Ashland Specialty Ingredients offers products technologies and resources in key markets including personal and home care pharmaceutical food and beverage coatings construction energy and other industries; Ashland Water Technologies is a supplier of specialty chemicals and services to the pulp paper mining food and beverage power generation refining chemical processing general manufacturing and municipal markets. Ashland Performance Materials helps customers to create substitutes for traditional materials through higher performing cost-efficient resin and adhesive technologies that improve the manufacturing fabrication and design process and Ashland Consumer Markets delivers premium-branded automotive commercial and industrial lubricants automotive chemicals and car-care products.

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