Archer Capital Management L.P. raised its position in Xerium Technologies, Inc. (NYSE:XRM) by 3,293.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 730,522 shares of the industrial products company’s stock after buying an additional 708,992 shares during the period. Xerium Technologies accounts for 1.2% of Archer Capital Management L.P.’s investment portfolio, making the stock its 15th biggest holding. Archer Capital Management L.P. owned 4.46% of Xerium Technologies worth $3,112,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of XRM. Halcyon Management Partners LP purchased a new stake in Xerium Technologies in the 4th quarter valued at about $2,396,000. Phoenix Investment Adviser LLC purchased a new stake in Xerium Technologies in the 4th quarter valued at about $511,000. Kennedy Capital Management Inc. purchased a new stake in Xerium Technologies in the 4th quarter valued at about $412,000. B. Riley Financial Inc. purchased a new stake in Xerium Technologies in the 4th quarter valued at about $362,000. Finally, JPMorgan Chase & Co. increased its stake in Xerium Technologies by 1,720.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,864 shares of the industrial products company’s stock valued at $194,000 after buying an additional 39,564 shares during the last quarter. Hedge funds and other institutional investors own 64.40% of the company’s stock.
Shares of Xerium Technologies, Inc. (NYSE:XRM) opened at $5.28 on Wednesday. The company has a debt-to-equity ratio of -3.59, a current ratio of 1.59 and a quick ratio of 0.98. The company has a market cap of $90.53, a PE ratio of -5.87 and a beta of 0.90. Xerium Technologies, Inc. has a one year low of $3.70 and a one year high of $7.75.
WARNING: This report was posted by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/03/14/archer-capital-management-l-p-has-3-11-million-holdings-in-xerium-technologies-inc-xrm.html.
About Xerium Technologies
Xerium Technologies, Inc (Xerium) is a manufacturer and supplier of over two types of consumable products used in the production of paper: machine clothing and roll covers. The Company markets its products through brands, such as Huyck Wangner, Weavexx, Stowe Woodward, Mount Hope, Robec and Xibe. The Company operates in two segments: machine clothing and roll covers.
Want to see what other hedge funds are holding XRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xerium Technologies, Inc. (NYSE:XRM).
Receive News & Ratings for Xerium Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xerium Technologies and related companies with MarketBeat.com's FREE daily email newsletter.