Weber Alan W buys $4.9 Million stake in Dana Holding Corporation (DAN)

Dana Holding Corporation (DAN) : Weber Alan W scooped up 31,200 additional shares in Dana Holding Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 411,907 shares of Dana Holding Corporation which is valued at $4.9 Million.Dana Holding Corporation makes up approximately 3.69% of Weber Alan W’s portfolio.

Other Hedge Funds, Including , Comerica Bank reduced its stake in DAN by selling 60,647 shares or 16.62% in the most recent quarter. The Hedge Fund company now holds 304,152 shares of DAN which is valued at $3.6 Million. Dana Holding Corporation makes up approx 0.03% of Comerica Bank’s portfolio.Lsv Asset Management reduced its stake in DAN by selling 18,800 shares or 3.07% in the most recent quarter. The Hedge Fund company now holds 594,400 shares of DAN which is valued at $7 Million. Dana Holding Corporation makes up approx 0.01% of Lsv Asset Management’s portfolio.Proshare Advisors reduced its stake in DAN by selling 3,209 shares or 8.54% in the most recent quarter. The Hedge Fund company now holds 34,362 shares of DAN which is valued at $420,591. Dana Holding Corporation makes up approx 0.01% of Proshare Advisors’s portfolio. Bluecrest Capital Management Ltd sold out all of its stake in DAN during the most recent quarter. The investment firm sold 14,209 shares of DAN which is valued $173,918.Whittier Trust Co reduced its stake in DAN by selling 8,200 shares or 96.87% in the most recent quarter. The Hedge Fund company now holds 265 shares of DAN which is valued at $3,426.

Dana Holding Corporation opened for trading at $11.96 and hit $12.07 on the upside on Monday, eventually ending the session at $11.98, with a gain of 1.27% or 0.15 points. The heightened volatility saw the trading volume jump to 10,44,470 shares. Company has a market cap of $1,772 M.

On the company’s financial health, Dana Holding Corporation reported $0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.43. The company had revenue of $1449.00 million for the quarter, compared to analysts expectations of $1506.65 million. The company’s revenue was down -9.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Dana Holding Corporation. Shares were Reiterated by Barclays on Feb 23, 2016 to “Equal Weight” and Lowered the Price Target to $ 12 from a previous price target of $13 .Shares were Reiterated by FBR Capital on Feb 19, 2016 to “Outperform” and Lowered the Price Target to $ 17 from a previous price target of $21 .Shares were Reiterated by Deutsche Bank on Feb 19, 2016 to “Hold” and Lowered the Price Target to $ 15 from a previous price target of $16 .

Dana Holding Corporation is a global provider of high technology driveline sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle medium/heavy vehicle and off-highway markets. It operates in four business segments: Light Vehicle Driveline Technologies (Light Vehicle) Commercial Vehicle Driveline Technologies (Commercial Vehicle) Off-Highway Driveline Technologies (Off-Highway) and Power Technologies. The Light Vehicle segment products include front axles rear axles drive shafts and differentials among others. The Commercial Vehicle segment products include steer axles drive axles drive shafts and tire inflation systems. The Off-Highway segment products include products include front axles rear axles drive shafts and transmissions among others. The Power Technologies segment products include gaskets cover modules heat shields engine sealing systems cooling and heat transfer products.

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