Scoria Capital Partners Lp adds Affiliated Managers Group (AMG) to its portfolio

Affiliated Managers Group (AMG) : Scoria Capital Partners Lp added new position in Affiliated Managers Group during the most recent quarter end. The investment management firm now holds 15,600 shares of Affiliated Managers Group which is valued at $2,232,828 , the company said in a statement filed on Aug 15, 2016 with the SEC.Affiliated Managers Group makes up approximately 1.50% of Scoria Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Cardinal Capital Management Ct boosted its stake in AMG in the latest quarter, The investment management firm added 12,968 additional shares and now holds a total of 97,765 shares of Affiliated Managers Group which is valued at $13,993,104. Affiliated Managers Group makes up approx 0.67% of Cardinal Capital Management Ct’s portfolio. Menta Capital sold out all of its stake in AMG during the most recent quarter. The investment firm sold 6,240 shares of AMG which is valued $893,131.Blackrock Investment Management boosted its stake in AMG in the latest quarter, The investment management firm added 2,684 additional shares and now holds a total of 112,653 shares of Affiliated Managers Group which is valued at $16,124,024. Affiliated Managers Group makes up approx 0.02% of Blackrock Investment Management’s portfolio.

Affiliated Managers Group closed down -2.24 points or -1.58% at $139.81 with 4,74,155 shares getting traded on Thursday. Post opening the session at $142.33, the shares hit an intraday low of $138.26 and an intraday high of $142.61 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Affiliated Managers Group reported $3.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $3.01. The company had revenue of $554.10 million for the quarter, compared to analysts expectations of $560.37 million. The company’s revenue was down -14.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.08 EPS.

Affiliated Managers Group Inc. (AMG) is a global asset management company with equity investments in a diverse group of boutique investment management firms (Affiliates). The Company manages approximately $620.2 billion in assets through its affiliates across a range of asset classes and investment styles in three principal distribution channels: institutional mutual fund and high net worth. The Company’s Institutional Distribution Channel through its Affiliates manages assets for large institutional investors across the world including sovereign wealth funds foundations endowments and retirement plans for corporations and municipalities. As part of the Company’s mutual fund distribution channel the Company through its Affiliates provides advisory or sub-advisory services to mutual funds UCITS and other retail-oriented products. Through the Company’s affiliates it provides advisory services to ultra-high net worth individuals and family trusts.

Leave a Reply

Affiliated Managers Group - Is it time to Sell?

Top Brokerage Firms are advising their investors on Affiliated Managers Group. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.