Advisory Services Network Lowers stake in Exponent (EXPO)

Exponent (EXPO) : Advisory Services Network reduced its stake in Exponent by 1.11% during the most recent quarter end. The investment management company now holds a total of 2,750 shares of Exponent which is valued at $137,033 after selling 31 shares in Exponent , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Exponent makes up approximately 0.03% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in EXPO by selling 1,151 shares or 10.72% in the most recent quarter. The Hedge Fund company now holds 9,581 shares of EXPO which is valued at $477,421. Exponent makes up approx 0.06% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in EXPO by selling 4,171 shares or 51.0% in the most recent quarter. The Hedge Fund company now holds 4,007 shares of EXPO which is valued at $202,955.

Exponent closed down -0.97 points or -1.91% at $49.83 with 97,210 shares getting traded on Friday. Post opening the session at $50.65, the shares hit an intraday low of $49.6 and an intraday high of $50.65 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Exponent reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 19, 2016. Analyst had a consensus of $0.43. The company had revenue of $73.33 million for the quarter, compared to analysts expectations of $77.96 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Exponent. Exponent was Initiated by Cantor Fitzgerald to “Buy” on Aug 26, 2016.

Exponent Inc. is a science and engineering consulting firm that provides solutions to complex problems. The Company serves clients in automotive aviation chemical construction consumer products energy Government health insurance manufacturing and technology among others. It provides engineering and scientific consulting services to clients around the world. It operates around 22 practices and centers in two operating segments: Engineering and Other Scientific and Environmental and Health. Its Engineering and Other Scientific segment includes biomechanics biomedical engineering buildings and structures construction consulting electrical engineering and computer science engineering management consulting thermal sciences and vehicle analysis services among others. Its Environmental and Health segment includes chemical regulation and food safety ecological and biological sciences environmental and earth sciences and mechanistic biology services among others.

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