Clark Estates Incny Exits Position in Hillenbrand (HI)

Hillenbrand (HI) : Clark Estates Incny has sold out all of its stake in Hillenbrand during the most recent quarter, according to the disclosure filed by the company on Aug 1, 2016 with the SEC. The investment management company has sold out 94,600 shares of Hillenbrand which is valued at $2,956,250.

Other Hedge Funds, Including , Palo Capital added HI to its portfolio by purchasing 95,066 company shares during the most recent quarter which is valued at $3,061,125. Hillenbrand makes up approx 1.01% of Palo Capital’s portfolio.Creative Planning reduced its stake in HI by selling 50 shares or 0.96% in the most recent quarter. The Hedge Fund company now holds 5,165 shares of HI which is valued at $165,383.

Hillenbrand opened for trading at $32.3 and hit $33.165 on the upside on Thursday, eventually ending the session at $31.75, with a gain of 1.60% or 0.5 points. The heightened volatility saw the trading volume jump to 9,59,931 shares. Company has a market cap of $2,001 M.

On the company’s financial health, Hillenbrand reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.52. The company had revenue of $371.00 million for the quarter, compared to analysts expectations of $406.70 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

Hillenbrand Inc. is a global diversified industrial company that makes and sells business-to-business products and services for a variety of industries. The Company has two segments: the Process Equipment Group and Batesville. The Process Equipment Group has multiple brands of process and material handling equipment and systems serving a variety of industries worldwide. The Process Equipment Group product portfolio includes products and services for compounding extrusion and material handling; crushing and sizing and screening and separating. Batesville is engaged in the North American death care industry where it has been designing manufacturing distributing and selling funeral service products and solutions.

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