OxFORD Asset Management LLP Takes $510,000 Position in Neenah Paper, Inc. (NP)

OxFORD Asset Management LLP purchased a new stake in shares of Neenah Paper, Inc. (NYSE:NP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,356 shares of the basic materials company’s stock, valued at approximately $510,000.

Several other hedge funds have also recently added to or reduced their stakes in NP. UBS Asset Management Americas Inc. lifted its position in shares of Neenah Paper by 35.5% during the first quarter. UBS Asset Management Americas Inc. now owns 3,753 shares of the basic materials company’s stock valued at $280,000 after buying an additional 983 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Neenah Paper during the first quarter valued at about $107,000. Mason Street Advisors LLC lifted its position in shares of Neenah Paper by 7.4% during the first quarter. Mason Street Advisors LLC now owns 3,930 shares of the basic materials company’s stock valued at $294,000 after buying an additional 270 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Neenah Paper by 9.0% during the first quarter. Prudential Financial Inc. now owns 49,930 shares of the basic materials company’s stock valued at $3,730,000 after buying an additional 4,130 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Neenah Paper by 1.2% during the first quarter. Arizona State Retirement System now owns 8,748 shares of the basic materials company’s stock valued at $653,000 after buying an additional 100 shares during the last quarter. 89.33% of the stock is owned by institutional investors and hedge funds.

Shares of Neenah Paper, Inc. (NYSE:NP) opened at 86.35 on Thursday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 19.67 and a beta of 1.32. Neenah Paper, Inc. has a 52-week low of $72.35 and a 52-week high of $90.23. The firm’s 50 day moving average is $82.79 and its 200 day moving average is $79.19.

Neenah Paper (NYSE:NP) last announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.14. Neenah Paper had a return on equity of 21.03% and a net margin of 7.99%. The business had revenue of $248.70 million during the quarter, compared to the consensus estimate of $250.88 million. During the same period in the previous year, the company posted $1.26 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts expect that Neenah Paper, Inc. will post $4.18 earnings per share for the current year.

WARNING: This article was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/19/oxford-asset-management-llp-takes-510000-position-in-neenah-paper-inc-np.html.

Several analysts have commented on NP shares. Zacks Investment Research raised shares of Neenah Paper from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub lowered shares of Neenah Paper from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th.

In related news, CFO Bonnie Cruickshank Lind sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $82.00, for a total transaction of $123,000.00. Following the completion of the sale, the chief financial officer now owns 25,574 shares in the company, valued at $2,097,068. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Steven S. Heinrichs sold 2,744 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $85.00, for a total value of $233,240.00. Following the sale, the senior vice president now owns 18,293 shares of the company’s stock, valued at approximately $1,554,905. The disclosure for this sale can be found NYSE:NP) opened at 86.35 on Thursday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 19.67 and a beta of 1.32. Neenah Paper, Inc. has a 52-week low of $72.35 and a 52-week high of $90.23. The firm’s 50 day moving average is $82.79 and its 200 day moving average is $79.19.

Neenah Paper (NYSE:NP) last announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.14. Neenah Paper had a return on equity of 21.03% and a net margin of 7.99%. The business had revenue of $248.70 million during the quarter, compared to the consensus estimate of $250.88 million. During the same period in the previous year, the company posted $1.26 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts expect that Neenah Paper, Inc. will post $4.18 earnings per share for the current year.

WARNING: This article was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/19/oxford-asset-management-llp-takes-510000-position-in-neenah-paper-inc-np.html.

Several analysts have commented on NP shares. Zacks Investment Research raised shares of Neenah Paper from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub lowered shares of Neenah Paper from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th.

In related news, CFO Bonnie Cruickshank Lind sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $82.00, for a total transaction of $123,000.00. Following the completion of the sale, the chief financial officer now owns 25,574 shares in the company, valued at $2,097,068. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Steven S. Heinrichs sold 2,744 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $85.00, for a total value of $233,240.00. Following the sale, the senior vice president now owns 18,293 shares of the company’s stock, valued at approximately $1,554,905. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,892 shares of company stock valued at $723,754. Corporate insiders own 2.00% of the company’s stock.

About Neenah Paper

Neenah Paper, Inc is a producer of technical products and premium fine papers and packaging. The Company has two primary businesses: technical products business, and fine paper and packaging business. Its segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of transportation, water and other filter media and durable, saturated and coated substrates.

Want to see what other hedge funds are holding NP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Neenah Paper, Inc. (NYSE:NP).

Institutional Ownership by Quarter for Neenah Paper (NYSE:NP)

Receive News & Ratings for Neenah Paper Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neenah Paper Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply