NEXEO SOLUTIONS (NASDAQ:NXEO) major shareholder Select Fund Ii L.P. Fpa bought 43,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average price of $7.09 per share, with a total value of $304,870.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Select Fund Ii L.P. Fpa also recently made the following trade(s):
- On Tuesday, September 12th, Select Fund Ii L.P. Fpa bought 18,700 shares of NEXEO SOLUTIONS stock. The stock was purchased at an average price of $7.13 per share, with a total value of $133,331.00.
Shares of NEXEO SOLUTIONS (NASDAQ NXEO) opened at 7.01 on Friday. The company has a market capitalization of $625.82 million and a PE ratio of 56.57. The firm has a 50-day moving average price of $7.50 and a 200-day moving average price of $8.47. NEXEO SOLUTIONS has a 12 month low of $6.74 and a 12 month high of $9.94.
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A number of brokerages recently commented on NXEO. Jefferies Group LLC restated a “hold” rating and issued a $8.50 target price (down from $9.50) on shares of NEXEO SOLUTIONS in a research note on Thursday, August 10th. Zacks Investment Research upgraded NEXEO SOLUTIONS from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, Credit Suisse Group cut their target price on NEXEO SOLUTIONS from $10.00 to $8.50 and set a “neutral” rating for the company in a research note on Friday, August 11th.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Voya Investment Management LLC acquired a new position in NEXEO SOLUTIONS in the 2nd quarter valued at $106,000. Nationwide Fund Advisors acquired a new position in NEXEO SOLUTIONS in the 2nd quarter valued at $121,000. Symphony Asset Management LLC raised its holdings in NEXEO SOLUTIONS by 4.2% in the 2nd 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 in the last quarter. The Manufacturers Life Insurance Company acquired a new position in NEXEO SOLUTIONS in the 2nd quarter valued at $174,000. Finally, Trexquant Investment LP acquired a new position in NEXEO SOLUTIONS in the 2nd quarter valued at $213,000. 94.07% of the stock is owned by hedge funds and other institutional investors.
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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