Fort Pitt Capital Group Lowers stake in Axiall Corp (AXLL)

Axiall Corp (AXLL) : Fort Pitt Capital Group reduced its stake in Axiall Corp by 0.3% during the most recent quarter end. The investment management company now holds a total of 126,612 shares of Axiall Corp which is valued at $4,152,874 after selling 382 shares in Axiall Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Axiall Corp makes up approximately 0.49% of Fort Pitt Capital Group’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in AXLL by selling 134 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 149,065 shares of AXLL which is valued at $4,889,332. Axiall Corp makes up approx 0.01% of California State Teachers Retirement System’s portfolio. Lmr Partners Llp added AXLL to its portfolio by purchasing 140,637 company shares during the most recent quarter which is valued at $4,591,798. Axiall Corp makes up approx 0.69% of Lmr Partners Llp’s portfolio. First New York Securities Ny added AXLL to its portfolio by purchasing 32,900 company shares during the most recent quarter which is valued at $1,072,540. Axiall Corp makes up approx 1.08% of First New York Securities Ny’s portfolio. Mraz Amerine Associates sold out all of its stake in AXLL during the most recent quarter. The investment firm sold 14,355 shares of AXLL which is valued $467,973. Nikko Asset Management Americas sold out all of its stake in AXLL during the most recent quarter. The investment firm sold 139,742 shares of AXLL which is valued $4,556,987.

Axiall Corp closed down -0.02 points or -0.06% at $32.78 with 5,84,453 shares getting traded on Thursday. Post opening the session at $32.8, the shares hit an intraday low of $32.77 and an intraday high of $32.83 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Axiall Corp reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.46 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.29. The company had revenue of $699.20 million for the quarter, compared to analysts expectations of $753.01 million. The company’s revenue was down -10.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.05 EPS.

Many Wall Street Analysts have commented on Axiall Corp. Axiall Corp was Downgraded by JP Morgan to ” Neutral” on Jun 13, 2016.

Axiall Corporation is a manufacturer and international marketer of chemicals and building products. The Company operates through three segments: chlorovinyls building products and aromatics. The Company’s chlorovinyls segment produces a chain of products including chlor-alkali and derivative products such as chlorine caustic soda vinyl chloride monomer (VCM) vinyl resins ethylene dichloride (or 1 2 dichloroethane) (EDC) chlorinated solvents calcium hypochlorite hydrochloric acid (HCL) and phosgene derivatives and compound products such as vinyl compounds and compound additives and plasticizers. The Company’s building products segment consists of two primary product groups: window and door profiles and trim moldings and deck products and outdoor building products which includes siding and exterior accessories pipe and pipe fittings. The Company’s aromatics segment manufactures cumene products and phenol and acetone products (co-products made from cumene).

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