Axiall Corp (AXLL) : Springbok Capital Management scooped up 142,467 additional shares in Axiall Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 147,167 shares of Axiall Corp which is valued at $4,844,738.Axiall Corp makes up approximately 0.80% of Springbok Capital Management’s portfolio.
Other Hedge Funds, Including , Envestnet Asset Management Inc reduced its stake in AXLL by selling 2,369 shares or 40.57% in the most recent quarter. The Hedge Fund company now holds 3,471 shares of AXLL which is valued at $114,265.Fmr boosted its stake in AXLL in the latest quarter, The investment management firm added 310,978 additional shares and now holds a total of 3,051,752 shares of Axiall Corp which is valued at $100,463,676. Axiall Corp makes up approx 0.01% of Fmr’s portfolio. Bbt Capital Management sold out all of its stake in AXLL during the most recent quarter. The investment firm sold 100,000 shares of AXLL which is valued $3,292,000.Vanguard Group Inc boosted its stake in AXLL in the latest quarter, The investment management firm added 186,933 additional shares and now holds a total of 5,279,296 shares of Axiall Corp which is valued at $173,794,424. Axiall Corp makes up approx 0.01% of Vanguard Group Inc’s portfolio. Nine Chapters Capital Management sold out all of its stake in AXLL during the most recent quarter. The investment firm sold 19,200 shares of AXLL which is valued $631,104.
On the company’s financial health, Axiall Corp reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.01. The company had revenue of $776.10 million for the quarter, compared to analysts expectations of $833.20 million. The company’s revenue was down -26.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.33 EPS.
Many Wall Street Analysts have commented on Axiall Corp. Axiall Corp was Downgraded by JP Morgan to ” Neutral” on Jun 13, 2016.
Axiall Corporation is a manufacturer and international marketer of chemicals and building products. The Company operates through three segments: chlorovinyls building products and aromatics. The Company’s chlorovinyls segment produces a chain of products including chlor-alkali and derivative products such as chlorine caustic soda vinyl chloride monomer (VCM) vinyl resins ethylene dichloride (or 1 2 dichloroethane) (EDC) chlorinated solvents calcium hypochlorite hydrochloric acid (HCL) and phosgene derivatives and compound products such as vinyl compounds and compound additives and plasticizers. The Company’s building products segment consists of two primary product groups: window and door profiles and trim moldings and deck products and outdoor building products which includes siding and exterior accessories pipe and pipe fittings. The Company’s aromatics segment manufactures cumene products and phenol and acetone products (co-products made from cumene).