California State Teachers Retirement System cut its stake in shares of Federal-Mogul Holdings Corp. (NASDAQ:FDML) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,344 shares of the company’s stock after selling 400 shares during the period. California State Teachers Retirement System’s holdings in Federal-Mogul Holdings Corp. were worth $535,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in FDML. Strs Ohio raised its position in Federal-Mogul Holdings Corp. by 115.2% in the second quarter. Strs Ohio now owns 74,900 shares of the company’s stock worth $622,000 after buying an additional 40,100 shares in the last quarter. Bayesian Capital Management LP bought a new position in Federal-Mogul Holdings Corp. during the first quarter worth approximately $110,000. Renaissance Technologies LLC raised its position in Federal-Mogul Holdings Corp. by 25.3% in the first quarter. Renaissance Technologies LLC now owns 175,730 shares of the company’s stock worth $1,736,000 after buying an additional 35,500 shares in the last quarter. Geode Capital Management LLC raised its position in Federal-Mogul Holdings Corp. by 1.3% in the first quarter. Geode Capital Management LLC now owns 293,892 shares of the company’s stock worth $2,903,000 after buying an additional 3,720 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in Federal-Mogul Holdings Corp. during the first quarter worth approximately $1,227,000. Institutional investors own 98.29% of the company’s stock.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) traded down 0.94% on Friday, reaching $9.45. 59,656 shares of the company’s stock traded hands. Federal-Mogul Holdings Corp. has a 52-week low of $3.81 and a 52-week high of $10.00. The firm’s 50 day moving average price is $9.39 and its 200 day moving average price is $8.98. The firm’s market capitalization is $1.60 billion.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.04. The firm earned $1.92 billion during the quarter, compared to analyst estimates of $2 billion. Federal-Mogul Holdings Corp. had a negative net margin of 0.74% and a positive return on equity of 15.64%. Federal-Mogul Holdings Corp.’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. On average, analysts predict that Federal-Mogul Holdings Corp. will post $1.00 EPS for the current fiscal year.
A number of research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Federal-Mogul Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 26th. FBR & Co raised their price objective on shares of Federal-Mogul Holdings Corp. from $7.00 to $8.00 and gave the company a “mkt perform” rating in a research note on Tuesday, June 21st. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Federal-Mogul Holdings Corp. currently has an average rating of “Hold” and an average price target of $9.92.
About Federal-Mogul Holdings Corp.
Federal-Mogul Holdings Corp, formerly Federal-Mogul Corporation, is a global supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems. The Company serves original equipment manufacturers (OEM) and servicers (OES) (collectively OE) of automotive, light, medium and heavy-duty commercial vehicles, off-road, agricultural, marine, rail, aerospace, power generation and industrial equipment, as well as the worldwide aftermarket.
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