World Fuel Services Corp (INT) : Airain Ltd reduced its stake in World Fuel Services Corp by 25.56% during the most recent quarter end. The investment management company now holds a total of 541,335 shares of World Fuel Services Corp which is valued at $24,181,434 after selling 185,836 shares in World Fuel Services Corp , the firm said in a disclosure report filed with the SEC on May 9, 2016.World Fuel Services Corp makes up approximately 1.70% of Airain Ltd’s portfolio.
Other Hedge Funds, Including , Quantbot Technologies Lp added INT to its portfolio by purchasing 7,264 company shares during the most recent quarter which is valued at $339,447. World Fuel Services Corp makes up approx 0.05% of Quantbot Technologies Lp’s portfolio. Winfield Associates added INT to its portfolio by purchasing 20 company shares during the most recent quarter which is valued at $935.
World Fuel Services Corp closed down -0.73 points or -1.61% at $44.67 with 3,67,939 shares getting traded on Friday. Post opening the session at $45.18, the shares hit an intraday low of $44.44 and an intraday high of $45.63 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, World Fuel Services Corp reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.75. The company had revenue of $5192.60 million for the quarter, compared to analysts expectations of $6701.62 million. The company’s revenue was down -29.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.83 EPS.
Many Wall Street Analysts have commented on World Fuel Services Corp. World Fuel Services Corp was Downgraded by Credit Suisse to ” Neutral” on Apr 29, 2016. World Fuel Services Corp was Upgraded by BofA/Merrill to ” Neutral” on Feb 11, 2016.
World Fuel Services Corporation is a fuel logistics transaction management and payment processing company. The Company is engaged in the distribution of fuel and related products and services in the aviation marine and land transportation industries. It operates in three segments: aviation marine and land. The aviation segment offers fuel and related services to commercial airlines second and third-tier airlines cargo carriers regional and low cost carriers airports fixed-based operators corporate fleets fractional operators private aircraft military fleets and to the United States and foreign Governments. The marine segment offers fuel lubricants and related products and services to a base of marine customers including international container and tanker fleets commercial cruise lines yachts and time-charter operators the United States and foreign Governments. The land segment offers fuel lubricants and related products and services to petroleum distributors.