Alta Fundamental Advisers buys $13.5 Million stake in Koppers Holdings (KOP)

Koppers Holdings (KOP) : Alta Fundamental Advisers scooped up 490,679 additional shares in Koppers Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 540,679 shares of Koppers Holdings which is valued at $13.5 Million.Koppers Holdings makes up approximately 11.10% of Alta Fundamental Advisers’s portfolio.

Other Hedge Funds, Including , Citadel Advisors sold out all of its stake in KOP during the most recent quarter. The investment firm sold 48,403 shares of KOP which is valued $1.2 Million. Gsa Capital Partners Llp added KOP to its portfolio by purchasing 40,192 company shares during the most recent quarter which is valued at $999,977. Koppers Holdings makes up approx 0.06% of Gsa Capital Partners Llp’s portfolio.Irving Magee Investment Management boosted its stake in KOP in the latest quarter, The investment management firm added 10,900 additional shares and now holds a total of 135,690 shares of Koppers Holdings which is valued at $3.4 Million. Koppers Holdings makes up approx 1.75% of Irving Magee Investment Management’s portfolio.

Koppers Holdings opened for trading at $25.1 and hit $26.15 on the upside on Wednesday, eventually ending the session at $26.02, with a gain of 4.37% or 1.09 points. The heightened volatility saw the trading volume jump to 1,18,724 shares. Company has a market cap of $537 M.

On the company’s financial health, Koppers Holdings reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on May 6, 2016. Analyst had a consensus of $0.07. The company had revenue of $346.80 million for the quarter, compared to analysts expectations of $364.50 million. The company’s revenue was down -12.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on Koppers Holdings. Company shares were Reiterated by Monness Crespi & Hardt on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 32 from a previous price target of $27 .Monness Crespi & Hardt Upgraded Koppers Holdings on Mar 14, 2016 to ” Buy”, Price Target of the shares are set at $27.

Koppers Holdings Inc. (Koppers) is an integrated global provider of carbon compounds chemicals and treated wood products and services. Koppers’ products and services are used in various end-markets including the aluminum railroad specialty chemical utility rubber concrete steel residential lumber and agricultural industries. Koppers operates through three segments: Carbon Materials and Chemicals (CMC) Railroad and Utility Products and Services (RUPS) and Performance Chemicals (PC). The CMC segment is primarily a manufacturer of carbon pitch naphthalene phthalic anhydride creosote and carbon black feedstock. The RUPS segment sells treated and untreated wood products manufactured products and services primarily to the railroad and public utility markets. The PC segment sells preservatives for residential and agricultural treated lumber that includes decking and fencing. Koppers has manufacturing facilities in North America South America Australasia China and Europe.

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