Sagard Capital Partners Management Corp buys $63,214,644 stake in InnerWorkings (INWK)

InnerWorkings (INWK) : Sagard Capital Partners Management Corp scooped up 14,970 additional shares in InnerWorkings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 7,481,023 shares of InnerWorkings which is valued at $63,214,644.InnerWorkings makes up approximately 22.28% of Sagard Capital Partners Management Corp’s portfolio.

Other Hedge Funds, Including , Norges Bank reduced its stake in INWK by selling 115,323 shares or 49.08% in the most recent quarter. The Hedge Fund company now holds 119,629 shares of INWK which is valued at $1,010,865.Teachers Advisors Inc boosted its stake in INWK in the latest quarter, The investment management firm added 4,659 additional shares and now holds a total of 58,590 shares of InnerWorkings which is valued at $495,086.Kalmar Investments Inc De boosted its stake in INWK in the latest quarter, The investment management firm added 70,999 additional shares and now holds a total of 670,242 shares of InnerWorkings which is valued at $5,703,759. InnerWorkings makes up approx 0.24% of Kalmar Investments Inc De’s portfolio.Ami Asset Management Corp reduced its stake in INWK by selling 4,595 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 1,884,717 shares of INWK which is valued at $16,283,955. InnerWorkings makes up approx 1.09% of Ami Asset Management Corp’s portfolio.

InnerWorkings closed down -0.15 points or -1.67% at $8.82 with 1,67,189 shares getting traded on Monday. Post opening the session at $8.99, the shares hit an intraday low of $8.77 and an intraday high of $9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, InnerWorkings reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 15, 2016. Analyst had a consensus of $0.04. The company had revenue of $269.20 million for the quarter, compared to analysts expectations of $264.05 million. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

InnerWorkings Inc. is global marketing execution company. The Company offers services for Fortune 500 brands across a range of industries. The Company leverages a range of technology supplier network and domain expertise to streamline the creation production and distribution of marketing and promotional materials signage and displays retail experiences events and promotions and product packaging across the world. The Company’s software applications and databases create an integrated solution that stores analyzes and tracks the production capabilities of its supplier network as well as detailed pricing data. The Company’s business of providing marketing execution solutions primarily includes the procurement of marketing materials branded merchandise and retail displays. The Company’s network of more than 10000 global suppliers offers a variety of products and a range of print fulfillment and logistics services.

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