Ellington Management Group Lowers stake in Unisys Corporation (UIS)

Unisys Corporation (UIS) : Ellington Management Group reduced its stake in Unisys Corporation by 64.27% during the most recent quarter end. The investment management company now holds a total of 43,300 shares of Unisys Corporation which is valued at $456,815 after selling 77,900 shares in Unisys Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Unisys Corporation makes up approximately 0.59% of Ellington Management Group’s portfolio.

Other Hedge Funds, Including , J. Goldman Co Lp sold out all of its stake in UIS during the most recent quarter. The investment firm sold 95,000 shares of UIS which is valued $1,002,250.Teachers Advisors Inc reduced its stake in UIS by selling 3,508 shares or 3.32% in the most recent quarter. The Hedge Fund company now holds 102,200 shares of UIS which is valued at $1,078,210.Vanguard Group Inc boosted its stake in UIS in the latest quarter, The investment management firm added 236,672 additional shares and now holds a total of 4,285,062 shares of Unisys Corporation which is valued at $45,207,404.Blackrock Investment Management boosted its stake in UIS in the latest quarter, The investment management firm added 30,735 additional shares and now holds a total of 208,840 shares of Unisys Corporation which is valued at $2,203,262.

Unisys Corporation closed down -0.01 points or -0.10% at $10.09 with 3,69,438 shares getting traded on Thursday. Post opening the session at $10.17, the shares hit an intraday low of $10 and an intraday high of $10.19 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Unisys Corporation reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.06. The company had revenue of $666.80 million for the quarter, compared to analysts expectations of $655.37 million. The company’s revenue was down -7.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.32 EPS.

Many Wall Street Analysts have commented on Unisys Corporation. Unisys Corporation was Initiated by SunTrust to “Buy” on Jun 22, 2016.

Unisys Corporation is a global Information Technology (IT) company. The Company provides outsourcing and managed services systems integration and consulting services server technology cybersecurity and cloud management software and maintenance and infrastructure support services. The Company operates through two segments: Services and Technology. The Company’s services include outsourcing systems integration and consulting infrastructure services and maintenance. The Company’s Technology segment designs and develops software servers and related products. The Company’s product offerings include enterprise-class servers such as the ClearPath family of servers the Forward! by Unisys line of fabric servers and the ES family of servers; the Unisys Stealth family of cybersecurity software and operating system software and middleware.

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