Edgepoint Investment Group Lowers stake in Carpenter Technology Corporation (CRS)

Carpenter Technology Corporation (CRS) : Edgepoint Investment Group reduced its stake in Carpenter Technology Corporation by 1.22% during the most recent quarter end. The investment management company now holds a total of 4,484,498 shares of Carpenter Technology Corporation which is valued at $164,222,317 after selling 55,339 shares in Carpenter Technology Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Carpenter Technology Corporation makes up approximately 2.70% of Edgepoint Investment Group’s portfolio.

Other Hedge Funds, Including , Keybank National Associationoh boosted its stake in CRS in the latest quarter, The investment management firm added 2,280 additional shares and now holds a total of 25,380 shares of Carpenter Technology Corporation which is valued at $929,416. Carpenter Technology Corporation makes up approx 0.01% of Keybank National Associationoh’s portfolio.Acrospire Investment Management reduced its stake in CRS by selling 4,000 shares or 60.61% in the most recent quarter. The Hedge Fund company now holds 2,600 shares of CRS which is valued at $98,800. Carpenter Technology Corporation makes up approx 0.07% of Acrospire Investment Management’s portfolio.Neuberger Berman Group boosted its stake in CRS in the latest quarter, The investment management firm added 360 additional shares and now holds a total of 22,291 shares of Carpenter Technology Corporation which is valued at $844,829.American Century Companies Inc reduced its stake in CRS by selling 163,669 shares or 33.16% in the most recent quarter. The Hedge Fund company now holds 329,961 shares of CRS which is valued at $13,013,662. Carpenter Technology Corporation makes up approx 0.01% of American Century Companies Inc’s portfolio.

Carpenter Technology Corporation closed down -0.87 points or -2.32% at $36.64 with 2,54,483 shares getting traded on Friday. Post opening the session at $37.14, the shares hit an intraday low of $36.53 and an intraday high of $37.325 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Carpenter Technology Corporation reported $0.35 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.35. The company had revenue of $457.70 million for the quarter, compared to analysts expectations of $454.00 million. The company’s revenue was down -18.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

Carpenter Technology Corporation is engaged in the manufacture fabrication and distribution of specialty metals. It develops manufactures and distributes cast/wrought and powder metal stainless steels and special alloys used in the oil and gas industry. It provides material solutions to the changing needs of the aerospace and defense energy transportation medical and industrial and consumer industries. The Company operates in two segments: Specialty Alloys Operations (SAO) comprises company’s alloy and stainless steel manufacturing operations and Performance Engineered Products (PEP) comprises company’s differentiated operations which include Dynamet titanium business Carpenter Powder Products business Amega West business Specialty Steel Supply business and Latrobe and Mexico distribution businesses. Its product line includes Special alloys Stainless steels Titanium products Powder metals and Alloy and tool steel.

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