Crescent Park Management adds Platform Specialty Products Corp (PAH) to its portfolio

Platform Specialty Products Corp (PAH) : Crescent Park Management added new position in Platform Specialty Products Corp during the most recent quarter end. The investment management firm now holds 1,626,478 shares of Platform Specialty Products Corp which is valued at $14.9 Million , the company said in a statement filed on May 13, 2016 with the SEC.Platform Specialty Products Corp makes up approximately 3.41% of Crescent Park Management’s portfolio.

Other Hedge Funds, Including , Clinton Group Inc boosted its stake in PAH in the latest quarter, The investment management firm added 89,690 additional shares and now holds a total of 125,650 shares of Platform Specialty Products Corp which is valued at $1.2 Million. Platform Specialty Products Corp makes up approx 0.07% of Clinton Group Inc’s portfolio. First Eagle Investment Management added PAH to its portfolio by purchasing 57,800 company shares during the most recent quarter which is valued at $508,640. Checchi Capital Advisers added PAH to its portfolio by purchasing 610 company shares during the most recent quarter which is valued at $5,368.

Platform Specialty Products Corp opened for trading at $9.34 and hit $9.74 on the upside on Wednesday, eventually ending the session at $9.58, with a gain of 4.36% or 0.4 points. The heightened volatility saw the trading volume jump to 17,29,039 shares. Company has a market cap of $2,199 M.

On the company’s financial health, Platform Specialty Products Corp reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.10. The company had revenue of $824.00 million for the quarter, compared to analysts expectations of $799.69 million. The company’s revenue was up 54.0% compared to the same quarter last year.

Many Wall Street Analysts have commented on Platform Specialty Products Corp. Credit Suisse Resumed Platform Specialty Products Corp on May 2, 2016 to “Neutral”, Price Target of the shares are set at $10.Platform Specialty Products Corp was Initiated by BofA/Merrill to “Buy” on Mar 9, 2016.

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