Strategic Investment Management Lowers stake in MSA Safety Incorporated (MSA)

MSA Safety Incorporated (MSA) : Strategic Investment Management reduced its stake in MSA Safety Incorporated by 22.11% during the most recent quarter end. The investment management company now holds a total of 9,900 shares of MSA Safety Incorporated which is valued at $544,500 after selling 2,811 shares in MSA Safety Incorporated , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.MSA Safety Incorporated makes up approximately 0.26% of Strategic Investment Management’s portfolio.

Other Hedge Funds, Including , Private Capital Management reduced its stake in MSA by selling 11,303 shares or 10.67% in the most recent quarter. The Hedge Fund company now holds 94,589 shares of MSA which is valued at $5,202,395. MSA Safety Incorporated makes up approx 0.66% of Private Capital Management’s portfolio.Norges Bank reduced its stake in MSA by selling 546 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 258,965 shares of MSA which is valued at $14,243,075. MSA Safety Incorporated makes up approx 0.01% of Norges Bank’s portfolio.Blackrock Advisors boosted its stake in MSA in the latest quarter, The investment management firm added 877 additional shares and now holds a total of 14,632 shares of MSA Safety Incorporated which is valued at $804,760.Msi Financial Services Inc boosted its stake in MSA in the latest quarter, The investment management firm added 1,457 additional shares and now holds a total of 1,657 shares of MSA Safety Incorporated which is valued at $91,599. Huntington National Bank sold out all of its stake in MSA during the most recent quarter. The investment firm sold 3,140 shares of MSA which is valued $173,579.

MSA Safety Incorporated closed down -0.73 points or -1.25% at $57.52 with 99,471 shares getting traded on Thursday. Post opening the session at $58.19, the shares hit an intraday low of $57.37 and an intraday high of $58.3 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, MSA Safety Incorporated reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.74. The company had revenue of $296.00 million for the quarter, compared to analysts expectations of $301.02 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on MSA Safety Incorporated. Company shares were Downgraded by Robert W. Baird on Jul 22, 2016 to ” Neutral”, Firm has raised the Price Target to $ 57 from a previous price target of $54 .Stifel Upgraded MSA Safety Incorporated on Jun 14, 2016 to ” Buy”, Price Target of the shares are set at $61.

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