Coastland Capital adds Axiall Corp (AXLL) to its portfolio

Axiall Corp (AXLL) : Coastland Capital added new position in Axiall Corp during the most recent quarter end. The investment management firm now holds 200,100 shares of Axiall Corp which is valued at $6,587,292 , the company said in a statement filed on Aug 15, 2016 with the SEC.Axiall Corp makes up approximately 0.81% of Coastland Capital’s portfolio.

Other Hedge Funds, Including , Balyasny Asset Management boosted its stake in AXLL in the latest quarter, The investment management firm added 2,420 additional shares and now holds a total of 12,760 shares of Axiall Corp which is valued at $420,059.Blackrock Institutional Trust Company N.a. boosted its stake in AXLL in the latest quarter, The investment management firm added 47,490 additional shares and now holds a total of 1,749,620 shares of Axiall Corp which is valued at $57,597,490. Axiall Corp makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.Edmond De Rothschild Asset Management (france) reduced its stake in AXLL by selling 495,800 shares or 63.5% in the most recent quarter. The Hedge Fund company now holds 285,000 shares of AXLL which is valued at $9,382,200. Axiall Corp makes up approx 0.42% of Edmond De Rothschild Asset Management (france)’s portfolio.Royce Associates Lp reduced its stake in AXLL by selling 106,323 shares or 66.73% in the most recent quarter. The Hedge Fund company now holds 53,000 shares of AXLL which is valued at $1,743,700. Axiall Corp makes up approx 0.01% of Royce Associates Lp’s portfolio. Banco Btg Pactual S.a. added AXLL to its portfolio by purchasing 291,450 company shares during the most recent quarter which is valued at $9,582,876. Axiall Corp makes up approx 10.93% of Banco Btg Pactual S.a.’s portfolio.

On the company’s financial health, Axiall Corp reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.01. The company had revenue of $776.10 million for the quarter, compared to analysts expectations of $833.20 million. The company’s revenue was down -26.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on Axiall Corp. Axiall Corp was Downgraded by JP Morgan to ” Neutral” on Jun 13, 2016.

Axiall Corporation is a manufacturer and international marketer of chemicals and building products. The Company operates through three segments: chlorovinyls building products and aromatics. The Company’s chlorovinyls segment produces a chain of products including chlor-alkali and derivative products such as chlorine caustic soda vinyl chloride monomer (VCM) vinyl resins ethylene dichloride (or 1 2 dichloroethane) (EDC) chlorinated solvents calcium hypochlorite hydrochloric acid (HCL) and phosgene derivatives and compound products such as vinyl compounds and compound additives and plasticizers. The Company’s building products segment consists of two primary product groups: window and door profiles and trim moldings and deck products and outdoor building products which includes siding and exterior accessories pipe and pipe fittings. The Company’s aromatics segment manufactures cumene products and phenol and acetone products (co-products made from cumene).

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