GSA Capital Partners LLP purchased a new position in SPX Flow Inc. (NYSE:FLOW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,287 shares of the company’s stock, valued at approximately $346,000.
A number of other institutional investors also recently added to or reduced their stakes in the company. Aperio Group LLC boosted its position in SPX Flow by 84.6% in the first quarter. Aperio Group LLC now owns 71,822 shares of the company’s stock worth $1,801,000 after buying an additional 32,911 shares in the last quarter. Synovus Financial Corp boosted its position in SPX Flow by 0.7% in the second quarter. Synovus Financial Corp now owns 10,713 shares of the company’s stock worth $281,000 after buying an additional 70 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in SPX Flow by 806.5% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 140,500 shares of the company’s stock worth $3,663,000 after buying an additional 125,000 shares in the last quarter. Swiss National Bank boosted its position in SPX Flow by 12.9% in the second quarter. Swiss National Bank now owns 66,718 shares of the company’s stock worth $1,739,000 after buying an additional 7,600 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in SPX Flow by 5.8% in the second quarter. California Public Employees Retirement System now owns 178,205 shares of the company’s stock worth $4,646,000 after buying an additional 9,700 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.
Shares of SPX Flow Inc. (NYSE:FLOW) traded down 1.09% during midday trading on Friday, reaching $29.98. 474,981 shares of the company’s stock traded hands. The company’s market capitalization is $1.25 billion. SPX Flow Inc. has a one year low of $14.85 and a one year high of $42.06. The company has a 50-day moving average of $28.30 and a 200-day moving average of $27.65.
SPX Flow (NYSE:FLOW) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.05. The company had revenue of $528.80 million for the quarter, compared to analysts’ expectations of $64.15 million. SPX Flow had a negative net margin of 16.41% and a positive return on equity of 8.26%. SPX Flow’s quarterly revenue was down 14.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.15 earnings per share. Equities research analysts anticipate that SPX Flow Inc. will post $0.15 EPS for the current year.
Separately, Zacks Investment Research cut shares of SPX Flow from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $30.00.
SPX Flow Company Profile
SPX FLOW, Inc is a global supplier of engineered solutions. The Company engineers, designs, manufactures and markets products and solutions used to process, blend, filter, dry, meter and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems and components, as well as aftermarket components and support services.
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