Ball Corporation (BLL) : Fortaleza Asset Management Inc scooped up 9,290 additional shares in Ball Corporation 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 30,460 shares of Ball Corporation which is valued at $2.2 Million.Ball Corporation makes up approximately 1.41% of Fortaleza Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Baird Financial Group reduced its stake in BLL by selling 1,123 shares or 23.03% in the most recent quarter. The Hedge Fund company now holds 3,753 shares of BLL which is valued at $270,741. Trexquant Investment Lp sold out all of its stake in BLL during the most recent quarter. The investment firm sold 20,069 shares of BLL which is valued $1.4 Million.Scout Investments reduced its stake in BLL by selling 249 shares or 5.92% in the most recent quarter. The Hedge Fund company now holds 3,955 shares of BLL which is valued at $282,545. Ball Corporation makes up approx 0.01% of Scout Investments’s portfolio.Nisa Investment Advisors L.l.c. reduced its stake in BLL by selling 100 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 51,058 shares of BLL which is valued at $3.6 Million. Ball Corporation makes up approx 0.05% of Nisa Investment Advisors L.l.c.’s portfolio.Retirement Systems Of Alabama boosted its stake in BLL in the latest quarter, The investment management firm added 1,905 additional shares and now holds a total of 72,597 shares of Ball Corporation which is valued at $5.2 Million. Ball Corporation makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio.
Ball Corporation opened for trading at $71.77 and hit $72 on the upside on Friday, eventually ending the session at $71.77, with a gain of 0.49% or 0.35 points. The heightened volatility saw the trading volume jump to 9,97,480 shares. Company has a market cap of $10,172 M.
On the company’s financial health, Ball Corporation reported $0.59 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.69. The company had revenue of $1756.00 million for the quarter, compared to analysts expectations of $1881.80 million. The company’s revenue was down -8.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.
Investors should note that on Apr 27, 2016, Ball Corporation announced a cash dividend of $0.1300. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 15, 2016.
Many Wall Street Analysts have commented on Ball Corporation. JP Morgan Upgraded Ball Corporation on Mar 31, 2016 to ” Overweight”, Price Target of the shares are set at $79.
Ball Corporation (Ball) is a supplier of metal packaging to the beverage food personal care and household products industries. The Company operates in four segments. The metal beverage packaging Americas and Asia segment consists of operations in the United States Canada Brazil and the PRC which manufacture aluminum containers used in beverage packaging. . The metal beverage packaging Europe segment consists of operations in Europe which manufacture and sell metal beverage containers. The metal food and household products packaging segment consists of operations in the United States Europe Canada Mexico and Argentina that manufacture and sell metal food aerosol paint general line and extruded aluminum containers decorative specialty containers and aluminum slugs. The aerospace and technologies segment consists of the manufacture and sale of aerospace and other related products and services provided for the defense civil space and commercial space industries.