North Run Capital Lp adds Esterline Technologies Corporation (ESL) to its portfolio

Esterline Technologies Corporation (ESL) : North Run Capital Lp added new position in Esterline Technologies Corporation during the most recent quarter end. The investment management firm now holds 585,000 shares of Esterline Technologies Corporation which is valued at $38.6 Million , the company said in a statement filed on May 13, 2016 with the SEC.Esterline Technologies Corporation makes up approximately 5.25% of North Run Capital Lp’s portfolio.

Other Hedge Funds, Including , Marshall Wace Llp reduced its stake in ESL by selling 106,429 shares or 91.88% in the most recent quarter. The Hedge Fund company now holds 9,404 shares of ESL which is valued at $620,100. Esterline Technologies Corporation makes up approx 0.01% of Marshall Wace Llp’s portfolio.Blackrock Fund Advisors boosted its stake in ESL in the latest quarter, The investment management firm added 6,477 additional shares and now holds a total of 1,573,054 shares of Esterline Technologies Corporation which is valued at $103.7 Million. Esterline Technologies Corporation makes up approx 0.02% of Blackrock Fund Advisors’s portfolio. Numeric Investors sold out all of its stake in ESL during the most recent quarter. The investment firm sold 7,700 shares of ESL which is valued $530,376.Nisa Investment Advisors L.l.c. reduced its stake in ESL by selling 1,900 shares or 12.03% in the most recent quarter. The Hedge Fund company now holds 13,900 shares of ESL which is valued at $954,374. Esterline Technologies Corporation makes up approx 0.01% of Nisa Investment Advisors L.l.c.’s portfolio.First Mercantile Trust Co reduced its stake in ESL by selling 10 shares or 1.85% in the most recent quarter. The Hedge Fund company now holds 530 shares of ESL which is valued at $36,390.

Esterline Technologies Corporation opened for trading at $67.36 and hit $68.315 on the upside on Wednesday, eventually ending the session at $67.6, with a gain of 1.09% or 0.73 points. The heightened volatility saw the trading volume jump to 1,64,975 shares. Company has a market cap of $1,984 M.

On the company’s financial health, Esterline Technologies Corporation reported $0.92 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.97. The company had revenue of $490.30 million for the quarter, compared to analysts expectations of $466.11 million. The company’s revenue was up 4.7% compared to the same quarter last year.

Esterline Technologies Corporation is a specialized manufacturing company. The Company designs manufactures and markets engineered products and systems for application in the industries. The Company is focused on serving aerospace and defense customers. The Company’s products are used in military and commercial aircraft helicopters and land-based systems. Its products are used in the active and in-production United States military aircraft and Boeing commercial aircraft platform. In addition its products are supplied to regional and business jet manufacturers and aircraft engine manufacturers. The Company conducts its business in three segments: Avionics & Controls Sensors & Systems and Advanced Materials.

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