Parametric Risk Advisors Lowers stake in Ball Corporation (BLL)

Ball Corporation (BLL) : Parametric Risk Advisors reduced its stake in Ball Corporation by 33.33% during the most recent quarter end. The investment management company now holds a total of 150,000 shares of Ball Corporation which is valued at $10.8 Million after selling 75,000 shares in Ball Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.Ball Corporation makes up approximately 0.73% of Parametric Risk Advisors’s portfolio.

Other Hedge Funds, Including , Bokf Na boosted its stake in BLL in the latest quarter, The investment management firm added 797 additional shares and now holds a total of 20,230 shares of Ball Corporation which is valued at $1.5 Million. Ball Corporation makes up approx 0.05% of Bokf Na’s portfolio. Hap Trading sold out all of its stake in BLL during the most recent quarter. The investment firm sold 99,260 shares of BLL which is valued $7.2 Million.Pioneer Investment Management Inc reduced its stake in BLL by selling 10,267 shares or 4.96% in the most recent quarter. The Hedge Fund company now holds 196,848 shares of BLL which is valued at $14.2 Million. Ball Corporation makes up approx 0.05% of Pioneer Investment Management Inc’s portfolio.Bahl Gaynor Inc boosted its stake in BLL in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 11,080 shares of Ball Corporation which is valued at $799,311. Ball Corporation makes up approx 0.01% of Bahl Gaynor Inc’s portfolio. Capital Fund Management S.a. sold out all of its stake in BLL during the most recent quarter. The investment firm sold 14,246 shares of BLL which is valued $1 Million.

Ball Corporation opened for trading at $71.9 and hit $72.63 on the upside on Wednesday, eventually ending the session at $72.09, with a gain of 0.46% or 0.33 points. The heightened volatility saw the trading volume jump to 7,74,660 shares. Company has a market cap of $10,218 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.

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.

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