Joy Global (JOY) : Havens Advisors added new position in Joy Global during the most recent quarter end. The investment management firm now holds 120,260 shares of Joy Global which is valued at $3,355,254 , the company said in a statement filed on Oct 13, 2016 with the SEC.Joy Global makes up approximately 2.68% of Havens Advisors’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in JOY by selling 11 shares or 1.64% in the most recent quarter. The Hedge Fund company now holds 659 shares of JOY which is valued at $18,386. Centurylink Investment Management Co sold out all of its stake in JOY during the most recent quarter. The investment firm sold 16,360 shares of JOY which is valued $453,990. Contravisory Investment Management added JOY to its portfolio by purchasing 553 company shares during the most recent quarter which is valued at $15,384. Joy Global makes up approx 0.01% of Contravisory Investment Management’s portfolio. First Mercantile Trust Co sold out all of its stake in JOY during the most recent quarter. The investment firm sold 8,500 shares of JOY which is valued $235,620. Simplex Trading added JOY to its portfolio by purchasing 22,848 company shares during the most recent quarter which is valued at $633,347. Joy Global makes up approx 0.08% of Simplex Trading’s portfolio.
Joy Global closed down -0.07 points or -0.25% at $27.75 with 14,76,147 shares getting traded on Tuesday. Post opening the session at $27.8, the shares hit an intraday low of $27.72 and an intraday high of $27.85 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Joy Global reported $0.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Sep 1, 2016. Analyst had a consensus of $0.12. The company had revenue of $586.50 million for the quarter, compared to analysts expectations of $605.61 million. The company’s revenue was down -26.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.
Many Wall Street Analysts have commented on Joy Global. Company shares were Downgraded by Robert W. Baird on Sep 2, 2016 to ” Neutral”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .Joy Global was Upgraded by BB&T Capital Mkts to ” Hold” on Jul 21, 2016.
Joy Global Inc. is a manufacturer and servicer of high productivity mining equipment for the extraction of coal and other minerals and ores. The Company manufactures and market original equipment and aftermarket parts and services for both underground and surface mining and certain industrial applications. The Companys equipment is used in major mining regions throughout the world to mine coal copper iron ore oil sands gold and other minerals. The Company operates in two business segments: Underground Mining Machinery and Surface Mining Equipment. The Company is a manufacturer of underground mining machinery for the extraction of coal and other bedded minerals and offer service locations near major mining regions worldwide. The Company is a major producer of surface mining equipment for the extraction of ores and minerals and provides extensive operational support for many types of equipment used in surface mining.