Forest Hill Capital LLC raised its position in Nexeo Solutions Inc (NASDAQ:NXEO) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 407,820 shares of the basic materials company’s stock after purchasing an additional 49,211 shares during the quarter. Forest Hill Capital LLC owned 0.45% of Nexeo Solutions worth $3,711,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Voya Investment Management LLC acquired a new stake in shares of Nexeo Solutions in the second quarter valued at about $106,000. Nationwide Fund Advisors acquired a new stake in shares of Nexeo Solutions in the second quarter valued at about $121,000. Citadel Advisors LLC acquired a new stake in shares of Nexeo Solutions in the third quarter valued at about $117,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Nexeo Solutions in the second quarter valued at about $174,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Nexeo Solutions in the second quarter valued at about $232,000. 94.72% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on the company. Deutsche Bank assumed coverage on Nexeo Solutions in a research note on Wednesday, March 7th. They issued a “hold” rating for the company. ValuEngine raised Nexeo Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research cut Nexeo Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Nexeo Solutions currently has an average rating of “Hold” and an average price target of $9.33.
Nexeo Solutions (NASDAQ:NXEO) last released its earnings results on Wednesday, February 7th. The basic materials company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.06 by $0.08. Nexeo Solutions had a return on equity of 22.12% and a net margin of 1.30%. The business had revenue of $929.60 million during the quarter, compared to analysts’ expectations of $886.00 million. analysts forecast that Nexeo Solutions Inc will post 0.82 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This article was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/03/14/forest-hill-capital-llc-boosts-holdings-in-nexeo-solutions-inc-nxeo.html.
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.
Want to see what other hedge funds are holding NXEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nexeo Solutions Inc (NASDAQ:NXEO).
Receive News & Ratings for Nexeo Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexeo Solutions and related companies with MarketBeat.com's FREE daily email newsletter.