Bluemountain Capital Management Lowers stake in Tower International Inc (TOWR)

Tower International Inc (TOWR) : Bluemountain Capital Management reduced its stake in Tower International Inc by 4.59% during the most recent quarter end. The investment management company now holds a total of 1,297,165 shares of Tower International Inc which is valued at $31,456,251 after selling 62,468 shares in Tower International Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Tower International Inc makes up approximately 1.03% of Bluemountain Capital Management’s portfolio.

Other Hedge Funds, Including , Buckhead Capital Management reduced its stake in TOWR by selling 18,115 shares or 11.74% in the most recent quarter. The Hedge Fund company now holds 136,240 shares of TOWR which is valued at $3,303,820. Tower International Inc makes up approx 0.61% of Buckhead Capital Management’s portfolio. Credit Agricole S A added TOWR to its portfolio by purchasing 38,310 company shares during the most recent quarter which is valued at $932,849. Marshall Wace Llp added TOWR to its portfolio by purchasing 16,062 company shares during the most recent quarter which is valued at $391,110.Princeton Alpha Management Lp reduced its stake in TOWR by selling 5,834 shares or 28.87% in the most recent quarter. The Hedge Fund company now holds 14,371 shares of TOWR which is valued at $349,934. Tower International Inc makes up approx 0.07% of Princeton Alpha Management Lp’s portfolio. Capital Fund Management S.a. added TOWR to its portfolio by purchasing 34,054 company shares during the most recent quarter which is valued at $713,431. Tower International Inc makes up approx 0.01% of Capital Fund Management S.a.’s portfolio.

Tower International Inc opened for trading at $26.05 and hit $26.45 on the upside on Monday, eventually ending the session at $26.2, with a gain of 0.77% or 0.2 points. The heightened volatility saw the trading volume jump to 92,011 shares. Company has a market cap of $533 M.

On the company’s financial health, Tower International Inc reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.80. The company had revenue of $457.00 million for the quarter, compared to analysts expectations of $466.68 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Tower International Inc. is a global manufacturer of engineered automotive structural metal components and assemblies serving automotive original equipment manufacturers (OEMs). The Company operates in two segments: the Americas and International. The International segment consists of Europe and Asia and the Americas segment consists of North and South America. The Company offers its automotive customers a product portfolio supplying body-structure stampings frame and other chassis structures and complex welded assemblies for small and large cars crossovers pickups and sport utility vehicles (SUVs). The Company’s products are manufactured at 27 facilities located in North America Europe Brazil and China. The Company supports its manufacturing operations through seven engineering and sales locations around the world. The Company produces a range of structural components and assemblies.

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