Phoenix Investment Adviser Lowers stake in Alliance One International (AOI)

Alliance One International (AOI) : Phoenix Investment Adviser reduced its stake in Alliance One International by 9.2% during the most recent quarter end. The investment management company now holds a total of 59,223 shares of Alliance One International which is valued at $1,266,188 after selling 6,000 shares in Alliance One International , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Alliance One International makes up approximately 1.58% of Phoenix Investment Adviser’s portfolio.

Alliance One International opened for trading at $21.17 and hit $21.82 on the upside on Monday, eventually ending the session at $21.61, with a gain of 1.08% or 0.23 points. The heightened volatility saw the trading volume jump to 39,632 shares. Company has a market cap of $209 M.

Other Hedge Funds, Including ,

Alliance One International Inc. is a leaf tobacco merchant. The Company is engaged in purchasing processing packing storing and shipping tobacco to manufacturers of cigarettes and other consumer tobacco products globally. The Company deals primarily in flue-cured burley and oriental tobaccos that is used in international brand cigarettes. The Company’s revenues are primarily comprised of sales of processed tobacco and fees charged for processing and related services to these manufacturers of tobacco products. The Company does not manufacture cigarettes or other consumer tobacco products. The Company has classified its business into three segments for reporting purposes: South America segment Value Added Services segment and Other Regions segment. Value Added Services is comprised of the Company’s crushed rolled expanded stem (CRES) cut rag toasted burley and other specialty products and services.

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