Scoggin Management Lp adds Platform Specialty Products Corp (PAH) to its portfolio

Platform Specialty Products Corp (PAH) : Scoggin Management Lp added new position in Platform Specialty Products Corp during the most recent quarter end. The investment management firm now holds 329,000 shares of Platform Specialty Products Corp which is valued at $3,178,140 , the company said in a statement filed on Aug 9, 2016 with the SEC.Platform Specialty Products Corp makes up approximately 0.99% of Scoggin Management Lp’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in PAH in the latest quarter, The investment management firm added 60,889 additional shares and now holds a total of 2,163,645 shares of Platform Specialty Products Corp which is valued at $20,900,811. Platform Specialty Products Corp makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.Utah Retirement Systems boosted its stake in PAH in the latest quarter, The investment management firm added 6,300 additional shares and now holds a total of 29,900 shares of Platform Specialty Products Corp which is valued at $290,628. Platform Specialty Products Corp makes up approx 0.01% of Utah Retirement Systems’s portfolio. Spot Trading L.l.c added PAH to its portfolio by purchasing 3,576 company shares during the most recent quarter which is valued at $34,759.Simplex Trading boosted its stake in PAH in the latest quarter, The investment management firm added 7,100 additional shares and now holds a total of 10,150 shares of Platform Specialty Products Corp which is valued at $91,046. Platform Specialty Products Corp makes up approx 0.01% of Simplex Trading’s portfolio. Stanhope Investments sold out all of its stake in PAH during the most recent quarter. The investment firm sold 16,216,808 shares of PAH which is valued $149,194,634.

Platform Specialty Products Corp closed down -0.07 points or -0.77% at $8.97 with 9,39,179 shares getting traded on Wednesday. Post opening the session at $8.99, the shares hit an intraday low of $8.74 and an intraday high of $9.03 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Platform Specialty Products Corp reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.20. The company had revenue of $922.00 million for the quarter, compared to analysts expectations of $887.70 million. The company’s revenue was up 36.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Platform Specialty Products Corp. Citigroup Initiated Platform Specialty Products Corp on Jul 28, 2016 to “Buy”, Price Target of the shares are set at $11.

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