85,734 Shares in SPX Flow Inc. (FLOW) Acquired by ClariVest Asset Management LLC
ClariVest Asset Management LLC acquired a new position in shares of SPX Flow Inc. (NYSE:FLOW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 85,734 shares of the company’s stock, valued at approximately $2,235,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Aperio Group LLC boosted its position in shares of 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. Pacad Investment Ltd. raised its stake in shares of 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 in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of SPX Flow by 126.1% in the second quarter. BNP Paribas Arbitrage SA now owns 15,543 shares of the company’s stock worth $405,000 after buying an additional 8,668 shares in the last quarter. Alpha Windward LLC bought a new stake in shares of SPX Flow during the second quarter worth $380,000. Finally, Nordea Investment Management AB bought a new stake in shares of SPX Flow during the second quarter worth $2,221,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of SPX Flow Inc. (NYSE:FLOW) traded down 0.76% during trading on Tuesday, hitting $27.56. 232,493 shares of the stock were exchanged. SPX Flow Inc. has a 52 week low of $14.85 and a 52 week high of $38.71. The stock’s 50 day moving average price is $29.30 and its 200 day moving average price is $28.15. The firm’s market capitalization is $1.15 billion.
SPX Flow (NYSE:FLOW) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 EPS for the quarter, beating the Zacks’ 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 revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.15 EPS. On average, equities 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 research report 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 currently has an average rating of “Hold” and an average target price 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.
Want to see what other hedge funds are holding FLOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPX Flow Inc. (NYSE:FLOW).
Receive News & Ratings for SPX Flow Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX Flow Inc. and related companies with MarketBeat.com's FREE daily email newsletter.