Deroy Devereaux Private Investment Counsel Inc buys $20,888,015 stake in Tower International Inc (TOWR)

Tower International Inc (TOWR) : Deroy Devereaux Private Investment Counsel Inc scooped up 153,951 additional shares in Tower International Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 778,242 shares of Tower International Inc which is valued at $20,888,015.Tower International Inc makes up approximately 2.84% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.

Tower International Inc closed down -0.41 points or -1.47% at $27.43 with 1,22,478 shares getting traded on Wednesday. Post opening the session at $28.1, the shares hit an intraday low of $27.38 and an intraday high of $28.11 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Acadian Asset Management sold out all of its stake in TOWR during the most recent quarter. The investment firm sold 71,681 shares of TOWR which is valued $1,923,918.Dalton Greiner Hartman Maher Co boosted its stake in TOWR in the latest quarter, The investment management firm added 2,271 additional shares and now holds a total of 560,244 shares of Tower International Inc which is valued at $15,036,949. Tower International Inc makes up approx 0.90% of Dalton Greiner Hartman Maher Co’s portfolio. Simplex Trading added TOWR to its portfolio by purchasing 15,457 company shares during the most recent quarter which is valued at $414,866. Tower International Inc makes up approx 0.06% of Simplex Trading’s portfolio.Creative Planning reduced its stake in TOWR by selling 18 shares or 51.43% in the most recent quarter. The Hedge Fund company now holds 17 shares of TOWR which is valued at $452.

On the company’s financial health, Tower International Inc reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.62. The company had revenue of $494.00 million for the quarter, compared to analysts expectations of $488.83 million. The company’s revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.84 EPS.

Many Wall Street Analysts have commented on Tower International Inc. Tower International Inc was Upgraded by Wells Fargo to ” Outperform” on Mar 21, 2016.

Tower International Inc. is a global manufacturer of engineered automotive structural metal components and assemblies serving automotive original equipment manufacturers (OEMs). The Company operates in two segments: the Americas and International. The International segment consists of Europe and Asia and the Americas segment consists of North and South America. The Company offers its automotive customers a product portfolio supplying body-structure stampings frame and other chassis structures and complex welded assemblies for small and large cars crossovers pickups and sport utility vehicles (SUVs). The Company’s products are manufactured at 27 facilities located in North America Europe Brazil and China. The Company supports its manufacturing operations through seven engineering and sales locations around the world. The Company produces a range of structural components and assemblies.

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