Three Peaks Capital Management buys $16,847,407 stake in Silgan Holdings (SLGN)

Silgan Holdings (SLGN) : Three Peaks Capital Management scooped up 79,234 additional shares in Silgan Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 332,296 shares of Silgan Holdings which is valued at $16,847,407.Silgan Holdings makes up approximately 3.06% of Three Peaks Capital Management’s portfolio.

Other Hedge Funds, Including , Jacobson Schmitt Advisors boosted its stake in SLGN in the latest quarter, The investment management firm added 945 additional shares and now holds a total of 64,792 shares of Silgan Holdings which is valued at $3,284,954. Silgan Holdings makes up approx 2.89% of Jacobson Schmitt Advisors’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in SLGN by selling 785 shares or 6.56% in the most recent quarter. The Hedge Fund company now holds 11,182 shares of SLGN which is valued at $567,375.Aperio Group reduced its stake in SLGN by selling 640 shares or 11.06% in the most recent quarter. The Hedge Fund company now holds 5,148 shares of SLGN which is valued at $261,210.Gw&k Investment Management reduced its stake in SLGN by selling 2,797 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 488,711 shares of SLGN which is valued at $26,116,716. Silgan Holdings makes up approx 0.57% of Gw&k Investment Management’s portfolio.

Silgan Holdings opened for trading at $50.87 and hit $51.66 on the upside on Tuesday, eventually ending the session at $51.58, with a gain of 1.64% or 0.83 points. The heightened volatility saw the trading volume jump to 1,97,208 shares. Company has a market cap of $3,119 M.

On the company’s financial health, Silgan Holdings reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.40. The company had revenue of $792.70 million for the quarter, compared to analysts expectations of $802.65 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Silgan Holdings. Silgan Holdings was Downgraded by BofA/Merrill to ” Underperform” on Mar 18, 2016.

Silgan Holdings Inc. (Silgan) is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products. The Company operates through three segments: metal container closures and plastic container. Its metal container business is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products. Its closures business manufactures and sells metal composite and plastic closures for food and beverage products. Its plastic container business manufactures and sells custom designed plastic containers tubes and closures for personal care food health care pharmaceutical household and industrial chemical pet care agricultural automotive and marine chemical products. Its metal container business has operating facilities in North America Europe and Asia. Its closures business has operating facilities in North and South America Europe and Asia. Its plastic container business is -based in North America.

Leave a Reply

Silgan Holdings - Is it time to Sell?

Top Brokerage Firms are advising their investors on Silgan Holdings. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.