Telemetry Investments L.L.C. acquired a new stake in Nexeo Solutions Inc (NASDAQ:NXEO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 24,300 shares of the basic materials company’s stock, valued at approximately $209,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of NXEO. Alpine Associates Management Inc. bought a new stake in Nexeo Solutions in the 3rd quarter valued at about $20,062,000. Citigroup Inc. lifted its holdings in shares of Nexeo Solutions by 318.0% during the 4th quarter. Citigroup Inc. now owns 890,897 shares of the basic materials company’s stock worth $7,653,000 after acquiring an additional 677,756 shares during the period. Pentwater Capital Management LP bought a new stake in shares of Nexeo Solutions during the 3rd quarter worth approximately $7,350,000. Water Island Capital LLC bought a new stake in shares of Nexeo Solutions during the 3rd quarter worth approximately $7,288,000. Finally, Broad Bay Capital Management LP bought a new stake in shares of Nexeo Solutions during the 4th quarter worth approximately $4,797,000. 98.84% of the stock is owned by hedge funds and other institutional investors.
Shares of Nexeo Solutions stock remained flat at $$9.93 on Friday. 4,083,283 shares of the stock were exchanged, compared to its average volume of 296,384. Nexeo Solutions Inc has a 12 month low of $7.93 and a 12 month high of $12.64. The company has a debt-to-equity ratio of 17.43, a quick ratio of 1.52 and a current ratio of 2.39. The company has a market cap of $890.72 million, a P/E ratio of 14.22, a PEG ratio of 0.36 and a beta of 1.10.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Nexeo Solutions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 21st. ValuEngine raised shares of Nexeo Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.
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About Nexeo Solutions
Nexeo Solutions, Inc operates as a chemical and plastic products distributor in North America, Europe, the Middle East, Africa, and Asia. It operates through Chemicals, Plastics, and Environmental Services segments. The company provides approximately 24,000 products that are used in various industries, including household, industrial and institutional, lubricants, automotive, healthcare, personal care, oil and gas, and construction, as well as performance coatings, including architectural coatings, adhesives, sealants, and elastomers.
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