Investmentaktiengesellschaft Fuer Langfristige Investoren… Lowers stake in NOW Inc (DNOW)

NOW Inc (DNOW) : Investmentaktiengesellschaft Fuer Langfristige Investoren… reduced its stake in NOW Inc by 36.15% during the most recent quarter end. The investment management company now holds a total of 490,700 shares of NOW Inc which is valued at $8,862,042 after selling 277,800 shares in NOW Inc , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.NOW Inc makes up approximately 2.34% of Investmentaktiengesellschaft Fuer Langfristige Investoren…’s portfolio.

NOW Inc closed down -0.16 points or -0.89% at $17.9 with 10,82,578 shares getting traded on Monday. Post opening the session at $18.12, the shares hit an intraday low of $17.64 and an intraday high of $18.195 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Louisiana State Employees Retirement System boosted its stake in DNOW in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 29,800 shares of NOW Inc which is valued at $538,188. NOW Inc makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio. Strs Ohio sold out all of its stake in DNOW during the most recent quarter. The investment firm sold 1,631 shares of DNOW which is valued $29,815. Simplex Trading added DNOW to its portfolio by purchasing 6,864 company shares during the most recent quarter which is valued at $117,031. NOW Inc makes up approx 0.02% of Simplex Trading’s portfolio. Donald L. Hagan added DNOW to its portfolio by purchasing 25 company shares during the most recent quarter which is valued at $426.

On the company’s financial health, NOW Inc reported $-0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 23, 2016. Analyst had a consensus of $-0.23. The company had revenue of $644.00 million for the quarter, compared to analysts expectations of $681.85 million. The company’s revenue was down -36.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

NOW Inc. (NOW) is a global distributor to energy and industrial markets. The Company operates through three segments: United States (U.S.) Canada and International. The Company operates primarily under the DistributionNOW and Wilson Export brands. Its energy product offering is needed throughout all sectors of the oil and gas industry from upstream drilling and completion exploration and production (E&P) midstream infrastructure development to downstream petroleum refining as well as in other industries. It also provides supply chain management to drilling contractors E&P operators midstream operators downstream energy and industrial manufacturing companies around the world. The Company’s global product offering includes consumable maintenance repair and operating (MRO) supplies pipe valves fittings flanges electrical artificial lift solutions mill tools safety supplies and spare parts to support customers’ operations.

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