Silvercrest Asset Management Group buys $123,315,280 stake in MSA Safety Incorporated (MSA)

MSA Safety Incorporated (MSA) : Silvercrest Asset Management Group scooped up 132,273 additional shares in MSA Safety Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,242,096 shares of MSA Safety Incorporated which is valued at $123,315,280.MSA Safety Incorporated makes up approximately 1.50% of Silvercrest Asset Management Group’s portfolio.

Other Hedge Funds, Including , D. E. Shaw reduced its stake in MSA by selling 13,589 shares or 32.84% in the most recent quarter. The Hedge Fund company now holds 27,792 shares of MSA which is valued at $1,528,560.Aperio Group boosted its stake in MSA in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 9,567 shares of MSA Safety Incorporated which is valued at $526,185. Livingston Group Asset Management Co (operating As Southp… added MSA to its portfolio by purchasing 1,752 company shares during the most recent quarter which is valued at $96,851. MSA Safety Incorporated makes up approx 0.05% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.

MSA Safety Incorporated closed down -0.73 points or -1.25% at $57.52 with 99,471 shares getting traded on Thursday. Post opening the session at $58.19, the shares hit an intraday low of $57.37 and an intraday high of $58.3 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, MSA Safety Incorporated reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.74. The company had revenue of $296.00 million for the quarter, compared to analysts expectations of $301.02 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on MSA Safety Incorporated. Company shares were Downgraded by Robert W. Baird on Jul 22, 2016 to ” Neutral”, Firm has raised the Price Target to $ 57 from a previous price target of $54 .Stifel Upgraded MSA Safety Incorporated on Jun 14, 2016 to ” Buy”, Price Target of the shares are set at $61.

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