Kassirer Asset Management Corp Lowers stake in Airgas (ARG)

Airgas (ARG) : Kassirer Asset Management Corp reduced its stake in Airgas by 15.91% during the most recent quarter end. The investment management company now holds a total of 26,420 shares of Airgas which is valued at $3,767,492 after selling 5,000 shares in Airgas , the firm said in a disclosure report filed with the SEC on May 2, 2016.Airgas makes up approximately 4.47% of Kassirer Asset Management Corp’s portfolio.

Airgas (ARG) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $142.6 and reached the intraday high at $142.72. The bulls started the profit booking and pushed the shares to intraday low of $142.53. The trading session was marked by a volume range of 3,44,649 shares exchanging hands. The 52-week high of the shares is $143 and the 52-week low is $86.09. The market cap of the company stands at $10,328 M and there are 7,24,28,483 shares in public circulation.

Other Hedge Funds, Including , Moody Lynn Lieberson sold out all of its stake in ARG during the most recent quarter. The investment firm sold 7,214 shares of ARG which is valued $1,028,716.Nisa Investment Advisors L.l.c. reduced its stake in ARG by selling 5,000 shares or 32.47% in the most recent quarter. The Hedge Fund company now holds 10,400 shares of ARG which is valued at $1,481,376. Airgas makes up approx 0.02% of Nisa Investment Advisors L.l.c.’s portfolio.Commonwealth Equity Services Inc boosted its stake in ARG in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 5,380 shares of Airgas which is valued at $766,327. Airgas makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.Conning boosted its stake in ARG in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 1,715 shares of Airgas which is valued at $244,285. Airgas makes up approx 0.01% of Conning’s portfolio.Gateway Investment Advisers reduced its stake in ARG by selling 2,483 shares or 34.36% in the most recent quarter. The Hedge Fund company now holds 4,744 shares of ARG which is valued at $673,126. Airgas makes up approx 0.01% of Gateway Investment Advisers’s portfolio.

On the company’s financial health, Airgas reported $1.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.17. The company had revenue of $1295.41 million for the quarter, compared to analysts expectations of $1335.45 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.23 EPS.

Airgas Inc. is a supplier of industrial medical and specialty gases and hard goods such as welding equipment and related products. The Company is also a producer of atmospheric gases carbon dioxide dry ice and nitrous oxide and a supplier of safety products refrigerants ammonia products and process chemicals. It operates through two segments: Distribution and All Other Operations. The Distribution segment offers a portfolio of related gas and hard goods products and services to the end customers. The All Other Operations segment consists of five business units which manufacture or distribute carbon dioxide dry ice nitrous oxide ammonia and refrigerant gases. It also offers supply chain management services and solutions and product and process technical support across many customer segments. It markets its products and services through multiple sales channels including branch-based sales representatives retail stores and strategic customer account programs among others.

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