Redwood Capital Management Exits Position in Dynegy (DYN)

Dynegy (DYN) : Redwood Capital Management has sold out all of its stake in Dynegy 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 100,000 shares of Dynegy which is valued at $1,247,000.

Other Hedge Funds, Including , Archer Capital Management added DYN to its portfolio by purchasing 2,743,539 company shares during the most recent quarter which is valued at $34,211,931. Dynegy makes up approx 6.44% of Archer Capital Management’s portfolio. Bogle Investment Management L P De sold out all of its stake in DYN during the most recent quarter. The investment firm sold 141,961 shares of DYN which is valued $1,770,254. Sg Americas Securities added DYN to its portfolio by purchasing 28,681 company shares during the most recent quarter which is valued at $437,672. Howard Hughes Medical Institute added DYN to its portfolio by purchasing 563 company shares during the most recent quarter which is valued at $8,591. Pyrrho Capital Management Lp sold out all of its stake in DYN during the most recent quarter. The investment firm sold 112,000 shares of DYN which is valued $1,784,160.

Dynegy closed down -0.39 points or -3.08% at $12.28 with 15,47,385 shares getting traded on Thursday. Post opening the session at $12.64, the shares hit an intraday low of $12.13 and an intraday high of $12.73 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Dynegy reported $-0.23 EPS for the quarter, missing the analyst consensus estimate by $ -1.20 based on the information available during the earnings call on Nov 4, 2015. Analyst had a consensus of $0.97. The company had revenue of $1232.00 million for the quarter, compared to analysts expectations of $1531.13 million. The company’s revenue was up 100.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

Many Wall Street Analysts have commented on Dynegy. Dynegy was Upgraded by Citigroup to ” Buy” on Jun 29, 2016. Dynegy was Upgraded by SunTrust to ” Buy” on Jun 29, 2016. Dynegy was Downgraded by Citigroup to ” Neutral” on Jun 10, 2016.

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