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

Platform Specialty Products Corp (PAH) : Roystone Capital Management Lp 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 2,516,000 shares of Platform Specialty Products Corp which is valued at $22,392,400.

Other Hedge Funds, Including , Guggenheim Capital boosted its stake in PAH in the latest quarter, The investment management firm added 36,995 additional shares and now holds a total of 70,702 shares of Platform Specialty Products Corp which is valued at $629,248.Citadel Advisors boosted its stake in PAH in the latest quarter, The investment management firm added 1,124,424 additional shares and now holds a total of 2,418,883 shares of Platform Specialty Products Corp which is valued at $21,528,059. Platform Specialty Products Corp makes up approx 0.05% of Citadel Advisors’s portfolio.Blackrock Group Ltd reduced its stake in PAH by selling 12,948 shares or 2.03% in the most recent quarter. The Hedge Fund company now holds 625,550 shares of PAH which is valued at $5,567,395.Acrospire Investment Management reduced its stake in PAH by selling 293 shares or 32.56% in the most recent quarter. The Hedge Fund company now holds 607 shares of PAH which is valued at $5,864. Meeder Asset Management Inc sold out all of its stake in PAH during the most recent quarter. The investment firm sold 32 shares of PAH which is valued $283.

Platform Specialty Products Corp opened for trading at $9.4 and hit $9.63 on the upside on Wednesday, eventually ending the session at $9.53, with a gain of 1.28% or 0.12 points. The heightened volatility saw the trading volume jump to 1,125,596 shares. Company has a market cap of $2,188 M.

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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