Appaloosa Lp Lowers stake in Whirlpool Corporation (WHR)

Whirlpool Corporation (WHR) : Appaloosa Lp reduced its stake in Whirlpool Corporation by 7.47% during the most recent quarter end. The investment management company now holds a total of 1,305,387 shares of Whirlpool Corporation which is valued at $242,762,820 after selling 105,409 shares in Whirlpool Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Whirlpool Corporation makes up approximately 6.02% of Appaloosa Lp’s portfolio.

Other Hedge Funds, Including , Cornercap Investment Counsel Inc reduced its stake in WHR by selling 990 shares or 2.47% in the most recent quarter. The Hedge Fund company now holds 39,160 shares of WHR which is valued at $7,282,585. Whirlpool Corporation makes up approx 1.31% of Cornercap Investment Counsel Inc’s portfolio. Segall Bryant Hamill added WHR to its portfolio by purchasing 13,634 company shares during the most recent quarter which is valued at $2,535,515. Whirlpool Corporation makes up approx 0.06% of Segall Bryant Hamill’s portfolio.State Treasurer State Of Michigan reduced its stake in WHR by selling 200 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 26,345 shares of WHR which is valued at $4,948,381. Whirlpool Corporation makes up approx 0.04% of State Treasurer State Of Michigan’s portfolio.Northpointe Capital reduced its stake in WHR by selling 3,954 shares or 32.06% in the most recent quarter. The Hedge Fund company now holds 8,378 shares of WHR which is valued at $1,597,014. Whirlpool Corporation makes up approx 0.18% of Northpointe Capital’s portfolio.Nordea Investment Management Ab boosted its stake in WHR in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 3,177 shares of Whirlpool Corporation which is valued at $583,520.

Whirlpool Corporation opened for trading at $181 and hit $182.63 on the upside on Monday, eventually ending the session at $181.34, with a gain of 0.18% or 0.32 points. The heightened volatility saw the trading volume jump to 4,90,978 shares. Company has a market cap of $13,681 M.

On the company’s financial health, Whirlpool Corporation reported $3.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $3.37. The company had revenue of $5198.00 million for the quarter, compared to analysts expectations of $5130.20 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.70 EPS.

Many Wall Street Analysts have commented on Whirlpool Corporation. Whirlpool Corporation was Upgraded by Raymond James to ” Strong Buy” on Jul 25, 2016. Company shares were Reiterated by MKM Partners on Jul 25, 2016 to “Buy”, Firm has raised the Price Target to $ 215 from a previous price target of $204 .

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in 14 countries and markets products in nearly every country around the world under brand names such as Whirlpool KitchenAid Maytag Consul Brastemp Amana Bauknecht Jenn-Air and Indesit. The Company’s reportable segments consist of North America Latin America EMEA (Europe Middle East and Africa) and Asia. The Company manufactures and markets a line of home appliances and related products. Its principal products are laundry appliances refrigerators and freezers cooking appliances dishwashers mixers and other portable household appliances. It also produces hermetic compressors for refrigeration systems.

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