Js Capital Management Exits Position in Platform Specialty Products Corp (PAH)

Platform Specialty Products Corp (PAH) : Js Capital Management has sold out all of its stake in Platform Specialty Products Corp during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 24,622 shares of Platform Specialty Products Corp which is valued at $219,136.

Other Hedge Funds, Including , Cubist Systematic Strategies boosted its stake in PAH in the latest quarter, The investment management firm added 12,600 additional shares and now holds a total of 25,245 shares of Platform Specialty Products Corp which is valued at $224,681. Platform Specialty Products Corp makes up approx 0.01% of Cubist Systematic Strategies’s portfolio. Menta Capital sold out all of its stake in PAH during the most recent quarter. The investment firm sold 13,600 shares of PAH which is valued $121,040.Janus Capital Management boosted its stake in PAH in the latest quarter, The investment management firm added 176,903 additional shares and now holds a total of 9,659,488 shares of Platform Specialty Products Corp which is valued at $85,969,443. Platform Specialty Products Corp makes up approx 0.07% of Janus Capital Management’s portfolio.California Public Employees Retirement System reduced its stake in PAH by selling 13,000 shares or 14.53% in the most recent quarter. The Hedge Fund company now holds 76,500 shares of PAH which is valued at $743,580.Mad River Investors reduced its stake in PAH by selling 18,400 shares or 6.81% in the most recent quarter. The Hedge Fund company now holds 251,850 shares of PAH which is valued at $2,317,020. Platform Specialty Products Corp makes up approx 2.74% of Mad River Investors’s portfolio.

Platform Specialty Products Corp closed down -0.15 points or -1.66% at $8.9 with 12,45,698 shares getting traded on Thursday. Post opening the session at $9.07, the shares hit an intraday low of $8.89 and an intraday high of $9.245 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Platform Specialty Products Corp reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.20. The company had revenue of $922.00 million for the quarter, compared to analysts expectations of $887.70 million. The company’s revenue was up 36.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Platform Specialty Products Corp. Platform Specialty Products Corp was Initiated by ROTH Capital to “Buy” on Aug 22, 2016. Citigroup Initiated Platform Specialty Products Corp on Jul 28, 2016 to “Buy”, Price Target of the shares are set at $11.

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