Procurement News Notice |
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| PNN | 10579 |
| Work Detail | Farallon Capital Management reduced its stake in B/E Aerospace Inc by 59.99% during the most recent quarter end. The investment management company now holds a total of 1,361,839 shares of B/E Aerospace Inc which is valued at $64,101,762 after selling 2,041,813 shares in B/E Aerospace Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.B/E Aerospace Inc makes up approximately 1.20% of Farallon Capital Management’s portfolio. Other Hedge Funds, Including , Invictus Rg Pte. Ltd. reduced its stake in BEAV by selling 1,223 shares or 21.82% in the most recent quarter. The Hedge Fund company now holds 4,382 shares of BEAV which is valued at $206,261. B/E Aerospace Inc makes up approx 0.18% of Invictus Rg Pte. Ltd.’s portfolio.Riverhead Capital Management reduced its stake in BEAV by selling 11,596 shares or 54.17% in the most recent quarter. The Hedge Fund company now holds 9,812 shares of BEAV which is valued at $461,851. B/E Aerospace Inc makes up approx 0.01% of Riverhead Capital Management’s portfolio.Canada Pension Plan Investment Board boosted its stake in BEAV in the latest quarter, The investment management firm added 19,218 additional shares and now holds a total of 46,838 shares of B/E Aerospace Inc which is valued at $2,204,665. B/E Aerospace Inc makes up approx 0.01% of Canada Pension Plan Investment Board’s portfolio.Neuberger Berman Group boosted its stake in BEAV in the latest quarter, The investment management firm added 68,630 additional shares and now holds a total of 2,079,080 shares of B/E Aerospace Inc which is valued at $99,296,861. B/E Aerospace Inc makes up approx 0.13% of Neuberger Berman Group’s portfolio. Tygh Capital Management added BEAV to its portfolio by purchasing 63,360 company shares during the most recent quarter which is valued at $3,026,074. B/E Aerospace Inc makes up approx 0.80% of Tygh Capital Management’s portfolio. B/E Aerospace Inc opened for trading at $50.43 and hit $51.38 on the upside on Thursday, eventually ending the session at $51.24, with a gain of 1.36% or 0.69 points. The heightened volatility saw the trading volume jump to 12,88,556 shares. Company has a market cap of $5,207 M. On the company’s financial health, B/E Aerospace Inc reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.82. The company had revenue of $753.10 million for the quarter, compared to analysts expectations of $713.38 million. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. Many Wall Street Analysts have commented on B/E Aerospace Inc. B/E Aerospace Inc was Downgraded by JP Morgan to ” Neutral” on May 20, 2016. B/E Aerospace Inc. is a manufacturer of cabin interior products for commercial aircraft and business jets. The Company sells its products and provides services directly to various airlines and aerospace manufacturers across the world. The Company operates through two segments: commercial aircraft (CAS) and business jet (BJS). The Company?s commercial aircraft (CAS) segment offers a range of seating products oxygen delivery systems coffee makers and water boilers ovens and refrigeration equipment modular lavatory wastewater and galley systems and also provides engineering design integration installation and certification services. The Company?s business jet segment offers a range of furnishings and interior packages for business jets. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 15 Oct 2016 |
| Source | http://www.tradecalls.org/2016/09/farallon-capital-management-lowers-stake-in-be-aerospace-inc-beav-385479/ |
