Pamplona Capital Management Lowers stake in Aecom (ACM)

Aecom (ACM) : Pamplona Capital Management reduced its stake in Aecom by 2.2% during the most recent quarter end. The investment management company now holds a total of 685,546 shares of Aecom which is valued at $22,520,186 after selling 15,410 shares in Aecom , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.Aecom makes up approximately 42.16% of Pamplona Capital Management’s portfolio.

Other Hedge Funds, Including , Next Financial Group Inc boosted its stake in ACM in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 4,860 shares of Aecom which is valued at $159,651. Aecom makes up approx 0.05% of Next Financial Group Inc’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in ACM in the latest quarter, The investment management firm added 76,717 additional shares and now holds a total of 157,952 shares of Aecom which is valued at $5,188,723. Aecom makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.

Aecom (ACM) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $34.21 and reached the intraday high at $34.29. The bulls started the profit booking and pushed the shares to intraday low of $33.84. The trading session was marked by a volume range of 7,58,581 shares exchanging hands. The 52-week high of the shares is $34.29 and the 52-week low is $22.8. The market cap of the company stands at $5,211 M and there are 15,33,66,730 shares in public circulation.

On the company’s financial health, Aecom reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.73. The company had revenue of $4381.00 million for the quarter, compared to analysts expectations of $4559.85 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.58 EPS.

Many Wall Street Analysts have commented on Aecom. Canaccord Genuity Initiated Aecom on Apr 12, 2016 to “Hold”, Price Target of the shares are set at $31.

AECOM formerly AECOM Technology Corporation designs builds finances and operates infrastructure assets for governments businesses and organizations around the world. The Company provides program and facilities management and maintenance training logistics consulting technical assistance and systems integration and information technology (IT) services. The Company operates through three segments: Design and Consulting Services (DCS) Construction Services (CS) and Management Services (MS). The DCS segment provides planning consulting architectural and engineering design and program and construction management services to commercial and government clients across the world. Its CS segment provides construction program and construction management services including building construction and energy infrastructure and industrial construction primarily in the Americas. The Company through its MS segment is a contractor to the United States Federal Government.

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