Parametrica Management Ltd adds Carpenter Technology Corporation (CRS) to its portfolio

Carpenter Technology Corporation (CRS) : Parametrica Management Ltd added new position in Carpenter Technology Corporation during the most recent quarter end. The investment management firm now holds 9,115 shares of Carpenter Technology Corporation which is valued at $348,284 , the company said in a statement filed on Oct 13, 2016 with the SEC.Carpenter Technology Corporation makes up approximately 0.99% of Parametrica Management Ltd’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in CRS by selling 4 shares or 3.92% in the most recent quarter. The Hedge Fund company now holds 98 shares of CRS which is valued at $3,745.Weaver C. Barksdale Associates reduced its stake in CRS by selling 22 shares or 8.59% in the most recent quarter. The Hedge Fund company now holds 234 shares of CRS which is valued at $9,311. Carpenter Technology Corporation makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio.Independent Portfolio Consultants reduced its stake in CRS by selling 180 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 12,011 shares of CRS which is valued at $491,730. Carpenter Technology Corporation makes up approx 0.15% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CRS by selling 11,539 shares or 51.18% in the most recent quarter. The Hedge Fund company now holds 11,007 shares of CRS which is valued at $450,627.

Carpenter Technology Corporation closed down -1.38 points or -3.35% at $39.79 with 3,62,694 shares getting traded on Tuesday. Post opening the session at $40.75, the shares hit an intraday low of $39.43 and an intraday high of $40.75 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Carpenter Technology Corporation reported $0.35 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.35. The company had revenue of $457.70 million for the quarter, compared to analysts expectations of $454.00 million. The company’s revenue was down -18.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Carpenter Technology Corporation. Seaport Global Securities Initiated Carpenter Technology Corporation on Sep 9, 2016 to “Neutral”, Price Target of the shares are set at $38.

Carpenter Technology Corporation is engaged in the manufacture fabrication and distribution of specialty metals. It develops manufactures and distributes cast/wrought and powder metal stainless steels and special alloys used in the oil and gas industry. It provides material solutions to the changing needs of the aerospace and defense energy transportation medical and industrial and consumer industries. The Company operates in two segments: Specialty Alloys Operations (SAO) comprises company’s alloy and stainless steel manufacturing operations and Performance Engineered Products (PEP) comprises company’s differentiated operations which include Dynamet titanium business Carpenter Powder Products business Amega West business Specialty Steel Supply business and Latrobe and Mexico distribution businesses. Its product line includes Special alloys Stainless steels Titanium products Powder metals and Alloy and tool steel.

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