Timucuan Asset Management Incfl Lowers stake in World Fuel Services Corp (INT)

World Fuel Services Corp (INT) : Timucuan Asset Management Incfl reduced its stake in World Fuel Services Corp by 17.11% during the most recent quarter end. The investment management company now holds a total of 1,499,555 shares of World Fuel Services Corp which is valued at $67 Million after selling 309,439 shares in World Fuel Services Corp , the firm said in a disclosure report filed with the SEC on May 11, 2016.World Fuel Services Corp makes up approximately 6.59% of Timucuan Asset Management Incfl’s portfolio.

Other Hedge Funds, Including , Convergence Investment Partners boosted its stake in INT in the latest quarter, The investment management firm added 81,298 additional shares and now holds a total of 106,786 shares of World Fuel Services Corp which is valued at $4.8 Million. World Fuel Services Corp makes up approx 0.58% of Convergence Investment Partners’s portfolio.Norges Bank boosted its stake in INT in the latest quarter, The investment management firm added 27,769 additional shares and now holds a total of 520,989 shares of World Fuel Services Corp which is valued at $23.3 Million. World Fuel Services Corp makes up approx 0.01% of Norges Bank’s portfolio.Mutual Of America Capital Management boosted its stake in INT in the latest quarter, The investment management firm added 23 additional shares and now holds a total of 48,687 shares of World Fuel Services Corp which is valued at $2.2 Million. World Fuel Services Corp makes up approx 0.05% of Mutual Of America Capital Management’s portfolio.Nisa Investment Advisors L.l.c. boosted its stake in INT in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 108,770 shares of World Fuel Services Corp which is valued at $5.1 Million. World Fuel Services Corp makes up approx 0.07% of Nisa Investment Advisors L.l.c.’s portfolio.

World Fuel Services Corp opened for trading at $45 and hit $45.63 on the upside on Monday, eventually ending the session at $45.36, with a gain of 1.54% or 0.69 points. The heightened volatility saw the trading volume jump to 2,60,849 shares. Company has a market cap of $3,213 M.

On the company’s financial health, World Fuel Services Corp reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.75. The company had revenue of $5192.60 million for the quarter, compared to analysts expectations of $6701.62 million. The company’s revenue was down -29.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.83 EPS.

Many Wall Street Analysts have commented on World Fuel Services Corp. World Fuel Services Corp was Downgraded by Credit Suisse to ” Neutral” on Apr 29, 2016.

World Fuel Services Corporation is a fuel logistics transaction management and payment processing company. The Company is engaged in the distribution of fuel and related products and services in the aviation marine and land transportation industries. It operates in three segments: aviation marine and land. The aviation segment offers fuel and related services to commercial airlines second and third-tier airlines cargo carriers regional and low cost carriers airports fixed-based operators corporate fleets fractional operators private aircraft military fleets and to the United States and foreign Governments. The marine segment offers fuel lubricants and related products and services to a base of marine customers including international container and tanker fleets commercial cruise lines yachts and time-charter operators the United States and foreign Governments. The land segment offers fuel lubricants and related products and services to petroleum distributors.

Leave a Reply

World Fuel Services Corp - Is it time to Sell?

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