California Public Employees Retirement System Has $2,599,000 Stake in Federal-Mogul Holdings Corp. (FDML)
California Public Employees Retirement System lowered its stake in Federal-Mogul Holdings Corp. (NASDAQ:FDML) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 312,772 shares of the company’s stock after selling 8,600 shares during the period. California Public Employees Retirement System owned approximately 0.19% of Federal-Mogul Holdings Corp. worth $2,599,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of FDML. OMERS ADMINISTRATION Corp purchased a new stake in Federal-Mogul Holdings Corp. during the first quarter worth about $1,227,000. State Street Corp boosted its stake in Federal-Mogul Holdings Corp. by 10.6% in the first quarter. State Street Corp now owns 503,375 shares of the company’s stock worth $4,974,000 after buying an additional 48,042 shares during the period. Strs Ohio boosted its stake 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 during the period. Renaissance Technologies LLC boosted its stake 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 during the period. Finally, Bayesian Capital Management LP purchased a new stake in Federal-Mogul Holdings Corp. during the first quarter worth about $110,000. 98.29% of the stock is currently owned by hedge funds and other institutional investors.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) traded up 2.02% during midday trading on Friday, hitting $9.61. 146,387 shares of the company traded hands. Federal-Mogul Holdings Corp. has a 12-month low of $3.81 and a 12-month high of $10.00. The company’s market capitalization is $1.62 billion. The stock’s 50-day moving average price is $9.30 and its 200 day moving average price is $8.97.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.04. Federal-Mogul Holdings Corp. had a negative net margin of 0.74% and a positive return on equity of 15.64%. The business earned $1.92 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities analysts forecast that Federal-Mogul Holdings Corp. will post $1.00 EPS for the current year.
A number of equities research analysts have issued reports on FDML shares. Zacks Investment Research upgraded shares of Federal-Mogul Holdings Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. FBR & Co increased their target price 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $9.92.
Federal-Mogul Holdings Corp. Company Profile
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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