Simplex Trading Lowers stake in W. R. Grace & Co (GRA)

W. R. Grace & Co (GRA) : Simplex Trading reduced its stake in W. R. Grace & Co by 45.39% during the most recent quarter end. The investment management company now holds a total of 3,645 shares of W. R. Grace & Co which is valued at $260,618 after selling 3,030 shares in W. R. Grace & Co , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.W. R. Grace & Co makes up approximately 0.03% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , 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.Bnp Paribas Arbitrage Sa boosted its stake in GRA in the latest quarter, The investment management firm added 873 additional shares and now holds a total of 3,014 shares of W. R. Grace & Co which is valued at $219,238.

W. R. Grace & Co closed down -1.56 points or -2.14% at $71.5 with 8,59,762 shares getting traded on Friday. Post opening the session at $73.34, the shares hit an intraday low of $70.55 and an intraday high of $73.34 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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