Broad Run Investment Management buys $96,681,368 stake in Hexcel Corporation (HXL)

Hexcel Corporation (HXL) : Broad Run Investment Management scooped up 200,254 additional shares in Hexcel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,171,639 shares of Hexcel Corporation which is valued at $96,681,368.Hexcel Corporation makes up approximately 4.63% of Broad Run Investment Management’s portfolio.

Other Hedge Funds, Including , Sciencast Management Lp sold out all of its stake in HXL during the most recent quarter. The investment firm sold 8,000 shares of HXL which is valued $356,160. First Personal Financial Services added HXL to its portfolio by purchasing 1,463 company shares during the most recent quarter which is valued at $64,840. Hexcel Corporation makes up approx 0.02% of First Personal Financial Services’s portfolio.Eaton Vance Management reduced its stake in HXL by selling 195,369 shares or 21.63% in the most recent quarter. The Hedge Fund company now holds 707,762 shares of HXL which is valued at $31,297,236. Hexcel Corporation makes up approx 0.09% of Eaton Vance Management’s portfolio.Forbes J M Co Llp reduced its stake in HXL by selling 53,215 shares or 28.15% in the most recent quarter. The Hedge Fund company now holds 135,793 shares of HXL which is valued at $6,026,493. Hexcel Corporation makes up approx 1.62% of Forbes J M Co Llp’s portfolio.Swiss National Bank reduced its stake in HXL by selling 1,100 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 155,400 shares of HXL which is valued at $6,836,046. Hexcel Corporation makes up approx 0.01% of Swiss National Bank’s portfolio.

Hexcel Corporation closed down -0.01 points or -0.02% at $44.84 with 4,20,046 shares getting traded on Thursday. Post opening the session at $44.76, the shares hit an intraday low of $44.19 and an intraday high of $44.92 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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