Wall Street Access Asset Management Lowers stake in Park-Ohio Holdings Corp. (PKOH)

Park-Ohio Holdings Corp. (PKOH) : Wall Street Access Asset Management reduced its stake in Park-Ohio Holdings Corp. by 0.23% during the most recent quarter end. The investment management company now holds a total of 221,270 shares of Park-Ohio Holdings Corp. which is valued at $5,529,537 after selling 500 shares in Park-Ohio Holdings Corp. , the firm said in a disclosure report filed with the SEC on May 2, 2016.Park-Ohio Holdings Corp. makes up approximately 3.10% of Wall Street Access Asset Management’s portfolio.

Park-Ohio Holdings Corp. opened for trading at $23.93 and hit $25.36 on the upside on Friday, eventually ending the session at $24.99, with a gain of 6.70% or 1.57 points. The heightened volatility saw the trading volume jump to 2,33,418 shares. Company has a market cap of $307 M.

Other Hedge Funds, Including , Burney Co sold out all of its stake in PKOH during the most recent quarter. The investment firm sold 6,170 shares of PKOH which is valued $154,188.Buckhead Capital Management boosted its stake in PKOH in the latest quarter, The investment management firm added 13,100 additional shares and now holds a total of 105,000 shares of Park-Ohio Holdings Corp. which is valued at $2,672,250. Park-Ohio Holdings Corp. makes up approx 0.49% of Buckhead Capital Management’s portfolio. Bnp Paribas Arbitrage Sa sold out all of its stake in PKOH during the most recent quarter. The investment firm sold 916 shares of PKOH which is valued $37,574. Thomson Horstmann Bryant Inc added PKOH to its portfolio by purchasing 99,874 company shares during the most recent quarter which is valued at $4,096,831. Park-Ohio Holdings Corp. makes up approx 0.48% of Thomson Horstmann Bryant Inc’s portfolio.

Many Wall Street Analysts have commented on Park-Ohio Holdings Corp.. Shares were Downgraded by FBR Capital on May 5, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 33 from a previous price target of $50 .Shares were Reiterated by FBR Capital on Mar 15, 2016 to “Outperform” and Lowered the Price Target to $ 50 from a previous price target of $65 .

Park-Ohio Holdings Corp. is a holding company. The Company operates through the subsidiaries owned by its direct subsidiary which is Park-Ohio Industries Inc. Park-Ohio is an industrial supply chain logistics and diversified manufacturing business operating in three segments: Supply Technologies Assembly Components and Engineered Products. Supply Technologies provides its customers with Total Supply Management services for a range of high-volume specialty production components. Assembly Components manufactures cast and machined aluminum components automotive and industrial rubber and thermoplastic products gasoline direct injection systems fuel filler and hydraulic assemblies for automotive agricultural equipment construction equipment heavy-duty truck and marine equipment industries. Engineered Products operates a group of manufacturing businesses that design and manufacture a range of products engineered for specific customer applications.

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