Btr Capital Management Inc adds Universal Display Corporation (OLED) to its portfolio

Universal Display Corporation (OLED) : Btr Capital Management Inc added new position in Universal Display Corporation during the most recent quarter end. The investment management firm now holds 8,550 shares of Universal Display Corporation which is valued at $420,831 , the company said in a statement filed on Oct 14, 2016 with the SEC.Universal Display Corporation makes up approximately 0.10% of Btr Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in OLED by selling 3,761 shares or 86.66% in the most recent quarter. The Hedge Fund company now holds 579 shares of OLED which is valued at $28,811. Eagle Asset Management Inc sold out all of its stake in OLED during the most recent quarter. The investment firm sold 330,311 shares of OLED which is valued $16,660,887.First Mercantile Trust Co reduced its stake in OLED by selling 3,117 shares or 14.8% in the most recent quarter. The Hedge Fund company now holds 17,944 shares of OLED which is valued at $942,598. Universal Display Corporation makes up approx 0.13% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in OLED in the latest quarter, The investment management firm added 1,861 additional shares and now holds a total of 3,498 shares of Universal Display Corporation which is valued at $183,190.

Universal Display Corporation closed down -0.54 points or -1.09% at $49.22 with 4,21,769 shares getting traded on Friday. Post opening the session at $50.24, the shares hit an intraday low of $49.02 and an intraday high of $50.665 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Universal Display Corporation reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.51. The company had revenue of $64.40 million for the quarter, compared to analysts expectations of $69.51 million. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on Universal Display Corporation. Universal Display Corporation was Downgraded by Needham to ” Hold” on Aug 5, 2016.

Universal Display Corporation is engaged in the research development and commercialization of organic light emitting diode (OLED) technologies and materials for use in displays for wearables smartphones tablets and televisions as well as solid-state lighting applications. The Company’s flat panel displays are used for a variety of portable consumer electronics products such as cell phones portable media devices digital cameras tablets and laptop computers. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities and it provides technical assistance and support to these manufacturers. Its customers include LG Display Tohoku Pioneer and Konica Minolta among others.

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