Columbia Wanger Asset Management buys $145.3 Million stake in VWR Corp (VWR)

VWR Corp (VWR) : Columbia Wanger Asset Management scooped up 2,310,857 additional shares in VWR Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 5,063,147 shares of VWR Corp which is valued at $145.3 Million.VWR Corp makes up approximately 1.56% of Columbia Wanger Asset Management’s portfolio.

Other Hedge Funds, Including , Fuller Thaler Asset Management reduced its stake in VWR by selling 18,300 shares or 92.89% in the most recent quarter. The Hedge Fund company now holds 1,400 shares of VWR which is valued at $40,180. Secor Capital Advisors Lp sold out all of its stake in VWR during the most recent quarter. The investment firm sold 12,907 shares of VWR which is valued $370,431.Kornitzer Capital Management Inc Ks boosted its stake in VWR in the latest quarter, The investment management firm added 33,555 additional shares and now holds a total of 442,440 shares of VWR Corp which is valued at $12.2 Million. VWR Corp makes up approx 0.22% of Kornitzer Capital Management Inc Ks’s portfolio.

VWR Corp opened for trading at $27.46 and hit $27.925 on the upside on Friday, eventually ending the session at $27.6, with a gain of 0.47% or 0.13 points. The heightened volatility saw the trading volume jump to 20,54,137 shares. Company has a market cap of $3,628,793 M.

On the company’s financial health, VWR Corp reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.38. The company had revenue of $1098.00 million for the quarter, compared to analysts expectations of $1065.51 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

VWR Corporation (VWR) is a provider of laboratory products services and solutions to the life science general research and applied markets. The Company operates in two segments: North Central and South America (Americas) and Europe Middle East Africa and Asia Pacific (EMEA-APAC). It has a presence in Europe and North America with respect to the laboratory products market. It also has operations in Asia-Pacific and other markets to support its multinational customers across the globe. The Company offers a portfolio of and private label laboratory products and a range of services including custom manufacturing. The Company’s portfolio includes chemicals reagents consumables durable products and scientific equipment and instruments. The Company’s branded and private label product portfolio includes service offerings marketed under the VWRCATALYST brand including sourcing and procurement logistics chemical and equipment tracking and sample management.

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