Farallon Capital Management Lowers stake in Allison Transmission Holdings Inc (ALSN)

Allison Transmission Holdings Inc (ALSN) : Farallon Capital Management reduced its stake in Allison Transmission Holdings Inc by 17.33% during the most recent quarter end. The investment management company now holds a total of 5,075,140 shares of Allison Transmission Holdings Inc which is valued at $143,321,954 after selling 1,063,810 shares in Allison Transmission Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Allison Transmission Holdings Inc makes up approximately 2.68% of Farallon Capital Management’s portfolio.

Other Hedge Funds, Including , Point72 Asset Management added ALSN to its portfolio by purchasing 60,500 company shares during the most recent quarter which is valued at $1,708,520. Allison Transmission Holdings Inc makes up approx 0.01% of Point72 Asset Management’s portfolio. Bayesian Capital Management Lp added ALSN to its portfolio by purchasing 13,000 company shares during the most recent quarter which is valued at $367,120. Allison Transmission Holdings Inc makes up approx 0.21% of Bayesian Capital Management Lp’s portfolio. Johnson Financial Group sold out all of its stake in ALSN during the most recent quarter. The investment firm sold 35 shares of ALSN which is valued $988.Eagle Asset Management Inc reduced its stake in ALSN by selling 239,469 shares or 32.87% in the most recent quarter. The Hedge Fund company now holds 489,016 shares of ALSN which is valued at $14,606,908. Allison Transmission Holdings Inc makes up approx 0.10% of Eagle Asset Management Inc’s portfolio.

Allison Transmission Holdings Inc closed down -0.09 points or -0.32% at $27.65 with 9,27,995 shares getting traded on Thursday. Post opening the session at $27.72, the shares hit an intraday low of $27.46 and an intraday high of $27.9 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Allison Transmission Holdings Inc reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.33. The company had revenue of $475.00 million for the quarter, compared to analysts expectations of $476.28 million. The company’s revenue was down -7.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

Many Wall Street Analysts have commented on Allison Transmission Holdings Inc. Allison Transmission Holdings Inc was Downgraded by Stifel to ” Hold” on Jun 14, 2016.

Allison Transmission Holdings Inc. designs and manufactures commercial and defense transmissions. The Company offers fully-automatic transmissions for medium-and heavy-duty commercial vehicles and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a variety of applications including on-highway trucks (distribution refuse construction fire and emergency) buses (primarily school transit and hybrid-transit) motorhomes off-highway vehicles and equipment (energy mining and construction) and defense vehicles (wheeled and tracked). The Company’s transmissions are sold under the Allison Transmission brand name and remanufactured transmissions are sold under the ReTran brand name. The Company has over 100 different models that are used in over 2500 different vehicle configurations and are compatible with more than 500 combinations of engine brands models and ratings including diesel gasoline natural gas and other alternative fuels.

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