Senator Investment Group Lp buys $371.5 Million stake in Ball Corporation (BLL)

Ball Corporation (BLL) : Senator Investment Group Lp scooped up 1,300,000 additional shares in Ball Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 5,150,000 shares of Ball Corporation which is valued at $371.5 Million.Ball Corporation makes up approximately 5.03% of Senator Investment Group Lp’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp reduced its stake in BLL by selling 596,833 shares or 77.1% in the most recent quarter. The Hedge Fund company now holds 177,302 shares of BLL which is valued at $12.8 Million. Ball Corporation makes up approx 0.04% of Susquehanna International Group Llp’s portfolio.Lmr Partners Llp boosted its stake in BLL in the latest quarter, The investment management firm added 10,023 additional shares and now holds a total of 14,704 shares of Ball Corporation which is valued at $1.1 Million. Ball Corporation makes up approx 0.16% of Lmr Partners Llp’s portfolio. Bluecrest Capital Management Ltd added BLL to its portfolio by purchasing 63,926 company shares during the most recent quarter which is valued at $4.6 Million. Ball Corporation makes up approx 0.40% of Bluecrest Capital Management Ltd’s portfolio.Rhumbline Advisers boosted its stake in BLL in the latest quarter, The investment management firm added 3,402 additional shares and now holds a total of 224,919 shares of Ball Corporation which is valued at $16.1 Million. Ball Corporation makes up approx 0.05% of Rhumbline Advisers’s portfolio.

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.

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.

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