Ownership Capital B.v. buys $56,158,224 stake in Hexcel Corporation (HXL)

Hexcel Corporation (HXL) : Ownership Capital B.v. scooped up 168,041 additional shares in Hexcel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 1,287,147 shares of Hexcel Corporation which is valued at $56,158,224.Hexcel Corporation makes up approximately 8.54% of Ownership Capital B.v.’s portfolio.

Other Hedge Funds, Including , Moody Aldrich Partners boosted its stake in HXL in the latest quarter, The investment management firm added 16,900 additional shares and now holds a total of 29,590 shares of Hexcel Corporation which is valued at $1,291,012. Hexcel Corporation makes up approx 1.03% of Moody Aldrich Partners’s portfolio.Checchi Capital Advisers boosted its stake in HXL in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 498 shares of Hexcel Corporation which is valued at $22,037. Hexcel Corporation makes up approx 0.01% of Checchi Capital Advisers’s portfolio.Cutler Group Lp boosted its stake in HXL in the latest quarter, The investment management firm added 842 additional shares and now holds a total of 1,900 shares of Hexcel Corporation which is valued at $79,648. Hexcel Corporation makes up approx 0.01% of Cutler Group Lp’s portfolio.

Hexcel Corporation closed down -0.11 points or -0.25% at $43.17 with 8,29,413 shares getting traded on Friday. Post opening the session at $42.48, the shares hit an intraday low of $42.01 and an intraday high of $43.21 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Hexcel Corporation reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.64. The company had revenue of $522.60 million for the quarter, compared to analysts expectations of $503.98 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Hexcel Corporation. Hexcel Corporation was Downgraded by BofA/Merrill to ” Neutral” on Jul 29, 2016.

Hexcel Corporation (Hexcel) is a composites company. The Company develops manufactures and markets lightweight structural materials including carbon fibers specialty reinforcements prepregs and other fiber-reinforced matrix materials honeycomb adhesives engineered honeycomb and composite structures for use in commercial aerospace space and defense and industrial markets. The Company operates in two segments: Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers fabrics and specialty reinforcements prepregs and other fiber-reinforced matrix materials structural adhesives honeycomb molding compounds tooling materials polyurethane systems and laminates. The Engineered Products segment manufactures and markets composite structures and precision machined honeycomb parts for use in the aerospace industry.

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