85,734 Shares in SPX Flow Inc. (FLOW) Acquired by ClariVest Asset Management LLC
ClariVest Asset Management LLC bought 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 institutional investor bought 85,734 shares of the company’s stock, valued at approximately $2,235,000. ClariVest Asset Management LLC owned about 0.21% of SPX Flow as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the company. Aperio Group LLC raised its stake 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 during the period. Strs Ohio purchased a new stake in SPX Flow during the second quarter worth $307,000. Pacad Investment Ltd. raised its stake in SPX Flow by 39.7% in the first quarter. Pacad Investment Ltd. now owns 11,599 shares of the company’s stock worth $291,000 after buying an additional 3,299 shares during the period. Louisiana State Employees Retirement System raised its stake in SPX Flow by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock worth $482,000 after buying an additional 100 shares during the period. Finally, Financial Architects Inc raised its stake in SPX Flow by 3,795.9% in the second quarter. Financial Architects Inc now owns 9,545 shares of the company’s stock worth $249,000 after buying an additional 9,300 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.
SPX Flow Inc. (NYSE:FLOW) traded down 0.76% during trading on Tuesday, hitting $27.56. 232,506 shares of the company traded hands. The stock’s market capitalization is $1.15 billion. SPX Flow Inc. has a 52 week low of $14.85 and a 52 week high of $38.71. The company’s 50 day moving average is $29.30 and its 200-day moving average is $28.15.
SPX Flow (NYSE:FLOW) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. SPX Flow had a negative net margin of 16.41% and a positive return on equity of 8.26%. The firm had revenue of $528.80 million for the quarter, compared to the consensus estimate of $64.15 million. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. Analysts predict that SPX Flow Inc. will post $0.15 earnings per share for the current year.
Separately, Zacks Investment Research lowered shares of SPX Flow from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $30.00.
About SPX Flow
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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