Lorem Ipsum Management Lowers stake in W. R. Grace & Co (GRA)

W. R. Grace & Co (GRA) : Lorem Ipsum Management reduced its stake in W. R. Grace & Co by 68.0% during the most recent quarter end. The investment management company now holds a total of 16,000 shares of W. R. Grace & Co which is valued at $1,147,680 after selling 34,000 shares in W. R. Grace & Co , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.W. R. Grace & Co makes up approximately 4.53% of Lorem Ipsum Management’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp reduced its stake in GRA by selling 11,190 shares or 43.18% in the most recent quarter. The Hedge Fund company now holds 14,725 shares of GRA which is valued at $1,056,224. W. R. Grace & Co makes up approx 0.06% of Cutler Group Lp’s portfolio.Simplex Trading reduced its stake in GRA by selling 3,030 shares or 45.39% in the most recent quarter. The Hedge Fund company now holds 3,645 shares of GRA which is valued at $260,618. W. R. Grace & Co makes up approx 0.03% of Simplex Trading’s portfolio. Advisory Services Network sold out all of its stake in GRA during the most recent quarter. The investment firm sold 1,808 shares of GRA which is valued $129,272.

W. R. Grace & Co closed down -1.57 points or -2.19% at $70.16 with 3,59,957 shares getting traded on Tuesday. Post opening the session at $71.49, the shares hit an intraday low of $69.7172 and an intraday high of $71.64 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, W. R. Grace & Co reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.67. The company had revenue of $390.50 million for the quarter, compared to analysts expectations of $405.89 million. The company’s revenue was down -4.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.19 EPS.

Many Wall Street Analysts have commented on W. R. Grace & Co. Seaport Global Securities Initiated W. R. Grace & Co on Sep 13, 2016 to “Neutral”, Price Target of the shares are set at $81.

W.R. Grace & Co. (Grace) is engaged in the production and sale of specialty chemicals and specialty materials on a global basis. The Company operates in three segments: Grace Catalysts Technologies which includes catalysts and related products and refining petrochemical and other chemical manufacturing technologies; Grace Materials Technologies which includes packaging technologies and engineered materials and Grace Construction Products which includes specialty construction chemicals and specialty building materials. Its brands include Sylojet Syloid Shieldex Sylosiv Sylowhite Durafill Ludox Sylodent Syloblanc Daraclar Trisyl Perkasil Phonosorb Sylobead Cryosiv Safetysorb Poliedge Sylobloc Synthetech Davisil Vydac Modcol Spring Multipacker Reveleris Revealx Graceresolv Visionht Vydac Alltech Alltima Sodasorb Darex Daraform Daraseal Darablend Sincera Celox Apperta and Sistiaga.

Leave a Reply

W. R. Grace & Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on W. R. Grace & Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.