ClariVest Asset Management LLC continued to hold its position in Koppers Holdings Inc. (NYSE:KOP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,719 shares of the company’s stock at the end of the second quarter. ClariVest Asset Management LLC’s holdings in Koppers Holdings were worth $483,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of KOP. BNP Paribas Arbitrage SA boosted its position in Koppers Holdings by 127.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,438 shares of the company’s stock worth $198,000 after buying an additional 3,606 shares during the last quarter. Springbok Capital Management LLC boosted its position in Koppers Holdings by 1.9% in the first quarter. Springbok Capital Management LLC now owns 10,700 shares of the company’s stock worth $240,000 after buying an additional 200 shares during the last quarter. BlackRock Group LTD boosted its position in Koppers Holdings by 4.8% in the first quarter. BlackRock Group LTD now owns 36,154 shares of the company’s stock worth $812,000 after buying an additional 1,665 shares during the last quarter. Mountain Lake Investment Management LLC boosted its position in Koppers Holdings by 1.4% in the first quarter. Mountain Lake Investment Management LLC now owns 555,500 shares of the company’s stock worth $12,482,000 after buying an additional 7,530 shares during the last quarter. Finally, Southernsun Asset Management LLC boosted its position in Koppers Holdings by 18.7% in the first quarter. Southernsun Asset Management LLC now owns 1,618,948 shares of the company’s stock worth $36,378,000 after buying an additional 255,567 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.
Koppers Holdings Inc. (NYSE:KOP) traded up 0.41% during midday trading on Friday, reaching $32.12. The company had a trading volume of 65,891 shares. The company has a 50-day moving average of $31.72 and a 200-day moving average of $28.85. Koppers Holdings Inc. has a 12-month low of $13.58 and a 12-month high of $33.71. The stock’s market capitalization is $663.34 million.
Koppers Holdings (NYSE:KOP) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.32. The business had revenue of $385.10 million for the quarter, compared to analysts’ expectations of $395.95 million. Koppers Holdings had a positive return on equity of 251.65% and a negative net margin of 4.37%. The business’s quarterly revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. On average, analysts predict that Koppers Holdings Inc. will post $2.14 EPS for the current fiscal year.
A number of equities analysts recently issued reports on KOP shares. Zacks Investment Research cut Koppers Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 13th. Jefferies Group reiterated a “buy” rating on shares of Koppers Holdings in a report on Wednesday, July 6th. Wunderlich increased their target price on Koppers Holdings from $32.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, June 30th. Finally, Monness Crespi & Hardt cut Koppers Holdings from a “buy” rating to a “neutral” rating in a report on Monday, July 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $37.00.
In other news, VP Leslie S. Hyde sold 2,850 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $32.48, for a total transaction of $92,568.00. Following the transaction, the vice president now directly owns 25,432 shares of the company’s stock, valued at $826,031.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Steven R. Lacy sold 6,670 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $32.76, for a total value of $218,509.20. Following the transaction, the vice president now directly owns 57,788 shares in the company, valued at $1,893,134.88. The disclosure for this sale can be found here. 4.69% of the stock is owned by company insiders.
Koppers Holdings Company Profile
Koppers Holdings Inc is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three business segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The Railroad and Utility Products and Services segment sells treated and untreated wood products, rail joint bars and services primarily to the railroad industry and treated wood products to the utility industry.
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