Cheyne Capital Management (uk) Llp adds Airgas (ARG) to its portfolio

Airgas (ARG) : Cheyne Capital Management (uk) Llp added new position in Airgas during the most recent quarter end. The investment management firm now holds 10,290 shares of Airgas which is valued at $1,460,048 , the company said in a statement filed on Apr 18, 2016 with the SEC.Airgas makes up approximately 0.67% of Cheyne Capital Management (uk) Llp’s portfolio.

Airgas opened for trading at $141.83 and hit $141.97 on the upside on Friday, eventually ending the session at $141.89, with a gain of 0.10% or 0.14 points. The heightened volatility saw the trading volume jump to 10,45,872 shares. Company has a market cap of $10,277 M.

Other Hedge Funds, Including , New York State Teachers Retirement System boosted its stake in ARG in the latest quarter, The investment management firm added 9,331 additional shares and now holds a total of 121,285 shares of Airgas which is valued at $17,209,129. Airgas makes up approx 0.04% of New York State Teachers Retirement System’s portfolio.Kanaly Trust Co reduced its stake in ARG by selling 2 shares or 10.0% in the most recent quarter. The Hedge Fund company now holds 18 shares of ARG which is valued at $2,556. Moon Capital Management added ARG to its portfolio by purchasing 16,125 company shares during the most recent quarter which is valued at $2,289,750. Airgas makes up approx 2.89% of Moon Capital Management’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in ARG in the latest quarter, The investment management firm added 1,335 additional shares and now holds a total of 15,871 shares of Airgas which is valued at $2,253,682. Airgas makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio.

On the company’s financial health, Airgas reported $1.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.17. The company had revenue of $1295.41 million for the quarter, compared to analysts expectations of $1335.45 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.23 EPS.

Airgas Inc. is a supplier of industrial medical and specialty gases and hard goods such as welding equipment and related products. The Company is also a producer of atmospheric gases carbon dioxide dry ice and nitrous oxide and a supplier of safety products refrigerants ammonia products and process chemicals. It operates through two segments: Distribution and All Other Operations. The Distribution segment offers a portfolio of related gas and hard goods products and services to the end customers. The All Other Operations segment consists of five business units which manufacture or distribute carbon dioxide dry ice nitrous oxide ammonia and refrigerant gases. It also offers supply chain management services and solutions and product and process technical support across many customer segments. It markets its products and services through multiple sales channels including branch-based sales representatives retail stores and strategic customer account programs among others.

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