Coliseum Capital Management buys $12,358,363 stake in Accuride Corporation (ACW)

Accuride Corporation (ACW) : Coliseum Capital Management scooped up 241,728 additional shares in Accuride 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 8,464,632 shares of Accuride Corporation which is valued at $12,358,363.Accuride Corporation makes up approximately 5.18% of Coliseum Capital Management’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The added ACW to its portfolio by purchasing 6,550 company shares during the most recent quarter which is valued at $9,563. Alpine Partners Vi added ACW to its portfolio by purchasing 53,021 company shares during the most recent quarter which is valued at $77,411. Accuride Corporation makes up approx 0.04% of Alpine Partners Vi’s portfolio. Kellner Capital added ACW to its portfolio by purchasing 75,000 company shares during the most recent quarter which is valued at $105,750. Accuride Corporation makes up approx 0.08% of Kellner Capital’s portfolio. State Board Of Administration Of Florida Retirement System sold out all of its stake in ACW during the most recent quarter. The investment firm sold 23,299 shares of ACW which is valued $32,852.Anchor Capital Advisors boosted its stake in ACW in the latest quarter, The investment management firm added 196,980 additional shares and now holds a total of 424,386 shares of Accuride Corporation which is valued at $577,165. Accuride Corporation makes up approx 0.01% of Anchor Capital Advisors’s portfolio.

Accuride Corporation closed down -0.03 points or -1.78% at $1.66 with 1,00,826 shares getting traded on Thursday. Post opening the session at $1.74, the shares hit an intraday low of $1.62 and an intraday high of $1.74 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Accuride Corporation reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.01. The company had revenue of $164.12 million for the quarter, compared to analysts expectations of $171.33 million. The company’s revenue was down -11.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.13 EPS.

Accuride Corporation is a manufacturer and supplier of commercial vehicle components in North America. The Company’s three segments are Wheels Gunite and Brillion Iron Works. The Wheels segment’s products primarily consist of steel and aluminum wheels. The Gunite segment’s products consist primarily of wheel-end components and assemblies. The Brillion Iron Works segment’s products primarily consist of ductile austempered ductile and gray iron castings including engine and transmission components and industrial components. It classifies its products as wheels wheel-end components and assemblies and ductile and gray iron castings. The Company markets its products under a number of brand names including Accuride Gunite and Brillion. It serves original equipment manufacturers (OEMs) and their related aftermarket channels in the commercial vehicle market including heavy-and medium-duty trucks commercial trailers light trucks buses as well as specialty and military vehicles.

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