Teachers Advisors LLC purchased a new stake in shares of Nexeo Solutions (NASDAQ:NXEO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,261 shares of the basic materials company’s stock, valued at approximately $392,000. Teachers Advisors LLC owned 0.05% of Nexeo Solutions as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of NXEO. Symphony Asset Management LLC lifted its stake in shares of Nexeo Solutions by 4.2% during the second quarter. Symphony Asset Management LLC now owns 20,346 shares of the basic materials company’s stock valued at $169,000 after acquiring an additional 815 shares during the period. Trexquant Investment LP acquired a new position in shares of Nexeo Solutions during the second quarter valued at $213,000. Rhumbline Advisers acquired a new position in shares of Nexeo Solutions during the second quarter valued at $229,000. Steinberg Global Asset Management lifted its stake in shares of Nexeo Solutions by 3.7% during the second quarter. Steinberg Global Asset Management now owns 27,699 shares of the basic materials company’s stock valued at $230,000 after acquiring an additional 1,000 shares during the period. Finally, Spark Investment Management LLC acquired a new position in shares of Nexeo Solutions during the second quarter valued at $329,000. 94.01% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have weighed in on NXEO shares. Zacks Investment Research raised Nexeo Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Jefferies Group LLC reissued a “hold” rating and issued a $8.50 target price on shares of Nexeo Solutions in a research note on Friday, September 15th. ValuEngine raised Nexeo Solutions from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Finally, Credit Suisse Group cut their target price on Nexeo Solutions from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $9.33.
Nexeo Solutions (NASDAQ:NXEO) opened at $7.56 on Wednesday. Nexeo Solutions has a one year low of $6.74 and a one year high of $9.94. The company has a quick ratio of 1.35, a current ratio of 2.14 and a debt-to-equity ratio of -96.10. The firm has a market capitalization of $684.24 and a PE ratio of 19.64.
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In other Nexeo Solutions news, major shareholder Select Fund Ii L.P. Fpa purchased 18,700 shares of the stock in a transaction on Tuesday, September 12th. The stock was bought at an average cost of $7.13 per share, for a total transaction of $133,331.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Select Maple Fund L.P. Fpa purchased 162,190 shares of the stock in a transaction on Monday, August 21st. The stock was acquired at an average price of $7.30 per share, with a total value of $1,183,987.00. The disclosure for this purchase can be found here. Insiders acquired 727,700 shares of company stock worth $5,211,758 in the last three months. Insiders own 0.07% of the company’s stock.
Nexeo Solutions Company Profile
Nexeo Solutions Inc, formerly WL Ross Holding Corp., is global distributor of chemicals products in North America and Asia, and plastics products in North America, Europe, the Middle East and Africa (EMEA) and Asia. The Company provides services, such as custom blending, packaging and re-packaging, private-label manufacturing and product testing in the form of chemical analysis, product performance analysis and product development.
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