Brigade Capital Management Lp Exits Position in Axiall Corp (AXLL)

Axiall Corp (AXLL) : Brigade Capital Management Lp has sold out all of its stake in Axiall Corp during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 1,241,772 shares of Axiall Corp which is valued at $40,879,134.

Other Hedge Funds, Including , Alpine Associates Management added AXLL to its portfolio by purchasing 1,933,900 company shares during the most recent quarter which is valued at $63,663,988. Axiall Corp makes up approx 2.76% of Alpine Associates Management’s portfolio.Rhumbline Advisers reduced its stake in AXLL by selling 20,923 shares or 18.24% in the most recent quarter. The Hedge Fund company now holds 93,771 shares of AXLL which is valued at $3,086,941. Axiall Corp makes up approx 0.01% of Rhumbline Advisers’s portfolio.Omers Administration Corp boosted its stake in AXLL in the latest quarter, The investment management firm added 152,300 additional shares and now holds a total of 286,800 shares of Axiall Corp which is valued at $9,441,456. Axiall Corp makes up approx 0.19% of Omers Administration Corp’s portfolio. Blackrock Japan Ltd added AXLL to its portfolio by purchasing 7,639 company shares during the most recent quarter which is valued at $251,476.

On the company’s financial health, Axiall Corp reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.01. The company had revenue of $776.10 million for the quarter, compared to analysts expectations of $833.20 million. The company’s revenue was down -26.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.33 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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