Gotham Asset Management LLC Has $603,000 Holdings in Nexeo Solutions Inc (NASDAQ:NXEO)

Gotham Asset Management LLC raised its holdings in shares of Nexeo Solutions Inc (NASDAQ:NXEO) by 157.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,180 shares of the basic materials company’s stock after buying an additional 42,970 shares during the period. Gotham Asset Management LLC owned about 0.08% of Nexeo Solutions worth $603,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Nexeo Solutions during the third quarter worth $3,376,000. Polaris Capital Management LLC acquired a new position in shares of Nexeo Solutions during the third quarter worth $3,391,000. BlackRock Inc. lifted its position in shares of Nexeo Solutions by 14.9% during the third quarter. BlackRock Inc. now owns 2,222,624 shares of the basic materials company’s stock worth $27,227,000 after purchasing an additional 288,668 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of Nexeo Solutions by 1,620.6% during the third quarter. Citadel Advisors LLC now owns 188,839 shares of the basic materials company’s stock worth $2,314,000 after purchasing an additional 177,864 shares in the last quarter. Finally, Broad Bay Capital Management LP acquired a new position in shares of Nexeo Solutions during the fourth quarter worth $4,797,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on NXEO. Zacks Investment Research cut shares of Nexeo Solutions from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. ValuEngine upgraded shares of Nexeo Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

NXEO stock remained flat at $$9.93 during trading on Wednesday. 4,083,283 shares of the company’s stock traded hands, compared to its average volume of 296,384. The company has a current ratio of 2.39, a quick ratio of 1.52 and a debt-to-equity ratio of 17.43. Nexeo Solutions Inc has a 12-month low of $7.93 and a 12-month high of $12.64. The company has a market capitalization of $890.72 million, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 0.36 and a beta of 1.10.

Nexeo Solutions (NASDAQ:NXEO) last released its earnings results on Wednesday, February 6th. The basic materials company reported $0.13 earnings per share for the quarter. The firm had revenue of $935.80 million during the quarter. Nexeo Solutions had a net margin of 0.47% and a return on equity of 12.98%.

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Nexeo Solutions Profile

Nexeo Solutions, Inc operates as a chemical and plastic products distributor in North America, Europe, the Middle East, Africa, and Asia. It operates through Chemicals, Plastics, and Environmental Services segments. The company provides approximately 24,000 products that are used in various industries, including household, industrial and institutional, lubricants, automotive, healthcare, personal care, oil and gas, and construction, as well as performance coatings, including architectural coatings, adhesives, sealants, and elastomers.

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Institutional Ownership by Quarter for Nexeo Solutions (NASDAQ:NXEO)

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