Manor Road Capital Partners Lowers stake in Allison Transmission Holdings Inc (ALSN)

Allison Transmission Holdings Inc (ALSN) : Manor Road Capital Partners reduced its stake in Allison Transmission Holdings Inc by 57.14% during the most recent quarter end. The investment management company now holds a total of 1,500,000 shares of Allison Transmission Holdings Inc which is valued at $42,360,000 after selling 2,000,000 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 6.23% of Manor Road Capital Partners’s portfolio.

Other Hedge Funds, Including , Vollero Beach Capital Partners boosted its stake in ALSN in the latest quarter, The investment management firm added 23,937 additional shares and now holds a total of 98,937 shares of Allison Transmission Holdings Inc which is valued at $2,793,981. Allison Transmission Holdings Inc makes up approx 0.62% of Vollero Beach Capital Partners’s portfolio.Laurion Capital Management Lp boosted its stake in ALSN in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 9,100 shares of Allison Transmission Holdings Inc which is valued at $256,984. Allison Transmission Holdings Inc makes up approx 0.02% of Laurion Capital Management Lp’s portfolio.Blackrock Group Ltd boosted its stake in ALSN in the latest quarter, The investment management firm added 38,612 additional shares and now holds a total of 157,497 shares of Allison Transmission Holdings Inc which is valued at $4,447,715.Princeton Alpha Management Lp boosted its stake in ALSN in the latest quarter, The investment management firm added 25,625 additional shares and now holds a total of 71,253 shares of Allison Transmission Holdings Inc which is valued at $2,027,860. Allison Transmission Holdings Inc makes up approx 0.34% of Princeton Alpha Management Lp’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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