Selz Capital LLC Sells 2,000 Shares of SPX Corp (NYSE:SPXC)
Selz Capital LLC decreased its position in SPX Corp (NYSE:SPXC) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 716,444 shares of the company’s stock after selling 2,000 shares during the quarter. SPX accounts for about 6.4% of Selz Capital LLC’s holdings, making the stock its 4th biggest holding. Selz Capital LLC owned 1.63% of SPX worth $23,657,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Arizona State Retirement System raised its holdings in SPX by 0.4% in the first quarter. Arizona State Retirement System now owns 67,102 shares of the company’s stock valued at $2,334,000 after acquiring an additional 279 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in SPX by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 16,806 shares of the company’s stock worth $585,000 after purchasing an additional 304 shares in the last quarter. Raymond James Trust N.A. raised its holdings in SPX by 7.1% during the second quarter. Raymond James Trust N.A. now owns 6,709 shares of the company’s stock worth $222,000 after purchasing an additional 442 shares in the last quarter. Mason Street Advisors LLC raised its holdings in SPX by 3.7% during the first quarter. Mason Street Advisors LLC now owns 13,970 shares of the company’s stock worth $486,000 after purchasing an additional 495 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. raised its holdings in SPX by 6.0% during the first quarter. Piedmont Investment Advisors Inc. now owns 10,940 shares of the company’s stock worth $381,000 after purchasing an additional 621 shares in the last quarter. 87.29% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research cut shares of Eisai from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 24th.
SPXC stock traded up $0.70 during midday trading on Tuesday, reaching $34.94. 8,585 shares of the company were exchanged, compared to its average volume of 175,424. The company has a current ratio of 1.12, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80. SPX Corp has a 1-year low of $25.22 and a 1-year high of $39.28. The company’s 50-day moving average price is $33.21. The company has a market capitalization of $1.50 billion, a P/E ratio of 15.86 and a beta of 1.47.
SPX (NYSE:SPXC) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $351.50 million for the quarter, compared to analysts’ expectations of $344.50 million. SPX had a net margin of 4.44% and a return on equity of 26.49%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $0.44 earnings per share. As a group, sell-side analysts predict that SPX Corp will post 2.6 EPS for the current year.
SPX Corporation supplies infrastructure equipment serving the heating, ventilation and cooling (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. It operates in three segments: HVAC, Detection and Measurement, and Engineered Solutions.
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