ACR Alpine Capital Research LLC Increases Position in SPX Co. (SPXC)

ACR Alpine Capital Research LLC raised its position in SPX Co. (NASDAQ:SPXC) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,657,668 shares of the company’s stock after buying an additional 33,981 shares during the period. SPX makes up approximately 5.5% of ACR Alpine Capital Research LLC’s holdings, making the stock its 10th largest position. ACR Alpine Capital Research LLC owned 6.29% of SPX worth $64,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mason Street Advisors LLC raised its position in shares of SPX by 7.9% in the first quarter. Mason Street Advisors LLC now owns 9,874 shares of the company’s stock worth $239,000 after buying an additional 721 shares in the last quarter. Alambic Investment Management L.P. acquired a new position in shares of SPX during the first quarter worth $1,346,000. Century Capital Management LLC acquired a new position in shares of SPX during the first quarter worth $2,003,000. Stevens Capital Management LP acquired a new position in shares of SPX during the first quarter worth $478,000. Finally, State of Tennessee Treasury Department raised its position in shares of SPX by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 38,718 shares of the company’s stock worth $939,000 after buying an additional 5,843 shares in the last quarter.

Institutional Ownership by Quarter for SPX (NASDAQ:SPXC)

Shares of SPX Co. (SPXC) traded up 0.12% on Friday, hitting $24.91. The company’s stock had a trading volume of 298,926 shares. SPX Co. has a 52 week low of $14.00 and a 52 week high of $28.93. The stock’s 50 day moving average is $25.64 and its 200-day moving average is $24.76. The company’s market cap is $1.06 billion.

SPX (NASDAQ:SPXC) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. The firm had revenue of $340.60 million during the quarter, compared to analyst estimates of $320.94 million. During the same period in the prior year, the business posted $0.09 EPS. On average, equities research analysts anticipate that SPX Co. will post $1.69 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “ACR Alpine Capital Research LLC Increases Position in SPX Co. (SPXC)” was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.chaffeybreeze.com/2017/06/16/spx-co-spxc-stake-raised-by-acr-alpine-capital-research-llc-updated-updated.html.

Separately, Zacks Investment Research raised SPX from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Wednesday, May 10th.

SPX Company Profile

SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.

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

Latest News

Leave a Reply