Virtu Financial LLC purchased a new position in Nexeo Solutions Inc (NASDAQ:NXEO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,555 shares of the basic materials company’s stock, valued at approximately $260,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Voya Investment Management LLC bought a new position in shares of Nexeo Solutions in the second quarter worth about $106,000. Nationwide Fund Advisors bought a new position in shares of Nexeo Solutions in the second quarter worth about $121,000. Citadel Advisors LLC bought a new position in shares of Nexeo Solutions in the third quarter worth about $117,000. The Manufacturers Life Insurance Company bought a new position in shares of Nexeo Solutions in the second quarter worth about $174,000. Finally, New York State Common Retirement Fund bought a new position in shares of Nexeo Solutions in the second quarter worth about $232,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.
Nexeo Solutions Inc (NXEO) opened at $10.34 on Friday. The company has a quick ratio of 1.46, a current ratio of 2.31 and a debt-to-equity ratio of 1.05. The company has a market cap of $921.64, a PE ratio of 18.02, a PEG ratio of 0.41 and a beta of 1.21. Nexeo Solutions Inc has a 1-year low of $6.74 and a 1-year high of $10.70.
Nexeo Solutions (NASDAQ:NXEO) last issued its earnings results on Wednesday, February 7th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.08. Nexeo Solutions had a net margin of 1.30% and a return on equity of 22.12%. The company had revenue of $929.60 million for the quarter, compared to analysts’ expectations of $886.00 million. research analysts predict that Nexeo Solutions Inc will post 0.82 EPS for the current year.
A number of research analysts have recently commented on the stock. Deutsche Bank assumed coverage on shares of Nexeo Solutions in a report on Wednesday, March 7th. They issued a “hold” rating on the stock. ValuEngine upgraded shares of Nexeo Solutions from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research cut shares of Nexeo Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $9.33.
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About Nexeo Solutions
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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