Hoplite Capital Management buys $89,517,702 stake in W. R. Grace & Co (GRA)

W. R. Grace & Co (GRA) : Hoplite Capital Management scooped up 95,281 additional shares in W. R. Grace & Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,295,668 shares of W. R. Grace & Co which is valued at $89,517,702.W. R. Grace & Co makes up approximately 4.68% of Hoplite Capital Management’s portfolio.

Other Hedge Funds, Including , Tlp Group sold out all of its stake in GRA during the most recent quarter. The investment firm sold 7,904 shares of GRA which is valued $546,087. Checchi Capital Advisers sold out all of its stake in GRA during the most recent quarter. The investment firm sold 746 shares of GRA which is valued $52,145.Alliancebernstein reduced its stake in GRA by selling 200 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 52,039 shares of GRA which is valued at $3,637,526.California Public Employees Retirement System boosted its stake in GRA in the latest quarter, The investment management firm added 2,200 additional shares and now holds a total of 163,600 shares of W. R. Grace & Co which is valued at $11,443,820. W. R. Grace & Co makes up approx 0.02% of California Public Employees Retirement System’s portfolio.

W. R. Grace & Co closed down -0.28 points or -0.42% at $67.11 with 9,05,969 shares getting traded on Monday. Post opening the session at $67.32, the shares hit an intraday low of $66.95 and an intraday high of $67.625 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, W. R. Grace & Co reported $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.77. The company had revenue of $404.50 million for the quarter, compared to analysts expectations of $414.13 million. The company’s revenue was up 1.3% 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 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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