Ionic Capital Management Lowers stake in EnPro Industries (NPO)

EnPro Industries (NPO) : Ionic Capital Management reduced its stake in EnPro Industries by 23.36% during the most recent quarter end. The investment management company now holds a total of 167,286 shares of EnPro Industries which is valued at $8,722,292 after selling 51,000 shares in EnPro Industries , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.EnPro Industries makes up approximately 1.50% of Ionic Capital Management’s portfolio.

Other Hedge Funds, Including , 683 Capital Management reduced its stake in NPO by selling 31,650 shares or 64.59% in the most recent quarter. The Hedge Fund company now holds 17,350 shares of NPO which is valued at $904,629. EnPro Industries makes up approx 0.39% of 683 Capital Management’s portfolio.Aperio Group reduced its stake in NPO by selling 307 shares or 3.36% in the most recent quarter. The Hedge Fund company now holds 8,823 shares of NPO which is valued at $460,031.Trexquant Investment Lp boosted its stake in NPO in the latest quarter, The investment management firm added 4,864 additional shares and now holds a total of 8,639 shares of EnPro Industries which is valued at $450,437. EnPro Industries makes up approx 0.06% of Trexquant Investment Lp’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in NPO by selling 721 shares or 10.43% in the most recent quarter. The Hedge Fund company now holds 6,191 shares of NPO which is valued at $283,238.Louisiana State Employees Retirement System reduced its stake in NPO by selling 100 shares or 1.03% in the most recent quarter. The Hedge Fund company now holds 9,600 shares of NPO which is valued at $446,784. EnPro Industries makes up approx 0.02% of Louisiana State Employees Retirement System’s portfolio.

EnPro Industries opened for trading at $54.03 and hit $54.6058 on the upside on Thursday, eventually ending the session at $54.2, with a gain of 0.56% or 0.3 points. The heightened volatility saw the trading volume jump to 1,25,465 shares. Company has a market cap of $1,166 M.

On the company’s financial health, EnPro Industries reported $-0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.42 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.41. The company had revenue of $294.90 million for the quarter, compared to analysts expectations of $293.25 million. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

EnPro Industries Inc. (EnPro) is engaged in the designing developing manufacturing and marketing engineered industrial products. The Company operates in three segments: Sealing Products segment Engineered Products segment and Power Systems segment. Its Sealing Products segment designs manufactures and sells sealing products. Engineered Products Segment includes its bearings aluminum blocks for hydraulic applications and reciprocating compressor components. Its Engineered Products segment includes operations that design manufacture and sell self-lubricating non-rolling metal-polymer and solid polymer and filament wound bearing products among others. Its Power Systems segment designs manufactures sells and services heavy-duty medium-speed diesel natural gas and dual fuel reciprocating engines. It has approximately 63 primary manufacturing facilities located in 13 countries including the United States.

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