Stanley Capital Management Exits Position in Navistar International Corp (NAV)

Navistar International Corp (NAV) : Stanley Capital Management has sold out all of its stake in Navistar International Corp during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 274,966 shares of Navistar International Corp which is valued at $3,338,087.

Other Hedge Funds, Including , Wedbush Securities Inc reduced its stake in NAV by selling 860 shares or 3.41% in the most recent quarter. The Hedge Fund company now holds 24,391 shares of NAV which is valued at $296,107. Navistar International Corp makes up approx 0.05% of Wedbush Securities Inc’s portfolio. Ftb Advisors sold out all of its stake in NAV during the most recent quarter. The investment firm sold 16 shares of NAV which is valued $205.Public Employees Retirement Association Of Colorado reduced its stake in NAV by selling 2,900 shares or 19.9% in the most recent quarter. The Hedge Fund company now holds 11,675 shares of NAV which is valued at $149,674. Meeder Asset Management Inc added NAV to its portfolio by purchasing 3,240 company shares during the most recent quarter which is valued at $40,241.

Navistar International Corp opened for trading at $12.63 and hit $13.1 on the upside on Monday, eventually ending the session at $12.84, with a gain of 2.56% or 0.32 points. The heightened volatility saw the trading volume jump to 4,97,082 shares. Company has a market cap of $1,048 M.

On the company’s financial health, Navistar International Corp reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on Jun 7, 2016. Analyst had a consensus of $-0.15. The company had revenue of $2197.00 million for the quarter, compared to analysts expectations of $2176.60 million. The company’s revenue was down -18.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.78 EPS.

Many Wall Street Analysts have commented on Navistar International Corp. Navistar International Corp was Downgraded by Piper Jaffray to ” Neutral” on Jun 28, 2016. Stifel Downgraded Navistar International Corp on Jun 14, 2016 to ” Sell”, Price Target of the shares are set at $10.

Navistar International Corporation (NIC) is a holding company whose principal operating subsidiaries are Navistar Inc. and Navistar Financial Corporation (NFC). The Company is a manufacturer of International brand commercial and military trucks MaxxForce brand diesel engines IC Bus (IC) brand school and commercial buses as well as a provider of service parts for trucks and diesel engines. It also provides retail wholesale and lease financing of trucks and parts. The Company operates in four reporting segments which comprises: North America Truck North America Parts Global Operations (collectively referred to as Manufacturing operations) and Financial Services. Its principal products and services include Trucks Parts Engines and Financial Services.

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