Malaga Cove Capital buys $4,343,139 stake in Metaldyne Performance Group Inc (MPG)

Metaldyne Performance Group Inc (MPG) : Malaga Cove Capital scooped up 121,626 additional shares in Metaldyne Performance Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 272,639 shares of Metaldyne Performance Group Inc which is valued at $4,343,139.Metaldyne Performance Group Inc makes up approximately 3.52% of Malaga Cove Capital’s portfolio.

Metaldyne Performance Group Inc (MPG) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $15.95 and reached the intraday high at $16.14. The bulls started the profit booking and pushed the shares to intraday low of $15.5583. The trading session was marked by a volume range of 1,25,228 shares exchanging hands. The 52-week high of the shares is $24.62 and the 52-week low is $10.87. The market cap of the company stands at $1,085 M and there are 6,81,09,627 shares in public circulation.

Other Hedge Funds, Including , Sawtooth Asset Management sold out all of its stake in MPG during the most recent quarter. The investment firm sold 42,720 shares of MPG which is valued $680,530.Bnp Paribas Arbitrage Sa reduced its stake in MPG by selling 2,135 shares or 94.18% in the most recent quarter. The Hedge Fund company now holds 132 shares of MPG which is valued at $2,160.New York State Teachers Retirement System reduced its stake in MPG by selling 100 shares or 10.0% in the most recent quarter. The Hedge Fund company now holds 900 shares of MPG which is valued at $14,724.Skylands Capital boosted its stake in MPG in the latest quarter, The investment management firm added 10,300 additional shares and now holds a total of 55,700 shares of Metaldyne Performance Group Inc which is valued at $884,516. Metaldyne Performance Group Inc makes up approx 0.14% of Skylands Capital’s portfolio. Capital Impact Advisors sold out all of its stake in MPG during the most recent quarter. The investment firm sold 42,500 shares of MPG which is valued $674,900.

On the company’s financial health, Metaldyne Performance Group Inc reported $0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus of $0.42. The company had revenue of $735.30 million for the quarter, compared to analysts expectations of $740.77 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

Metaldyne Performance Group Inc. is a provider of components for use in engine transmission and driveline (Powertrain) and chassis suspension steering and brake component (Safety-Critical) platforms for the global light commercial and industrial vehicle markets. The Company operates in three operating segments: HHI which consists of the business of ASP HHI Holdings Inc.; Metaldyne which consists of the business of ASP MD Holdings Inc. and Grede which consists of the business of ASP Grede Intermediate Holdings LLC. The Company’s HHI segment manufactures metal-based products for the North American light vehicle market. The Company’s Metaldyne segment manufactures metal-based Powertrain products for the global light vehicle markets. The Company’s Grede segment manufactures cast machined and assembled components for the light commercial and industrial (agriculture construction mining rail wind energy and oil field) vehicle and equipment end-markets.

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