Teachers Advisors LLC boosted its stake in shares of Platform Specialty Products Corporation (NYSE:PAH) by 3.5% during the first quarter, Holdings Channel reports. The institutional investor owned 228,181 shares of the specialty chemicals company’s stock after buying an additional 7,687 shares during the period. Teachers Advisors LLC’s holdings in Platform Specialty Products Corporation were worth $2,971,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UBS Asset Management Americas Inc. increased its position in Platform Specialty Products Corporation by 30.0% in the first quarter. UBS Asset Management Americas Inc. now owns 153,498 shares of the specialty chemicals company’s stock valued at $1,999,000 after buying an additional 35,441 shares in the last quarter. First Trust Advisors LP increased its position in Platform Specialty Products Corporation by 590.4% in the first quarter. First Trust Advisors LP now owns 368,964 shares of the specialty chemicals company’s stock valued at $4,804,000 after buying an additional 315,519 shares in the last quarter. Reik & CO. LLC increased its position in Platform Specialty Products Corporation by 25.0% in the first quarter. Reik & CO. LLC now owns 12,500 shares of the specialty chemicals company’s stock valued at $163,000 after buying an additional 2,500 shares in the last quarter. Renaissance Technologies LLC increased its position in Platform Specialty Products Corporation by 15.0% in the fourth quarter. Renaissance Technologies LLC now owns 215,200 shares of the specialty chemicals company’s stock valued at $2,111,000 after buying an additional 28,100 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new position in Platform Specialty Products Corporation during the first quarter valued at approximately $393,000. 94.98% of the stock is owned by hedge funds and other institutional investors.

Shares of Platform Specialty Products Corporation (NYSE PAH) traded up 1.34% during mid-day trading on Friday, hitting $12.90. The company’s stock had a trading volume of 3,003,012 shares. Platform Specialty Products Corporation has a 12-month low of $6.85 and a 12-month high of $14.82. The company’s market cap is $3.70 billion. The stock has a 50-day moving average of $13.20 and a 200-day moving average of $13.02.

Platform Specialty Products Corporation (NYSE:PAH) last released its quarterly earnings results on Wednesday, August 9th. The specialty chemicals company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. Platform Specialty Products Corporation had a positive return on equity of 7.15% and a negative net margin of 0.26%. The company had revenue of $941.10 million during the quarter, compared to analysts’ expectations of $933.32 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Platform Specialty Products Corporation will post $0.79 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This piece was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/08/13/teachers-advisors-llc-purchases-7687-shares-of-platform-specialty-products-corporation-nysepah.html.

A number of brokerages have issued reports on PAH. Zacks Investment Research downgraded Platform Specialty Products Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Nomura reaffirmed a “buy” rating and issued a $16.00 target price on shares of Platform Specialty Products Corporation in a research note on Tuesday, May 9th. UBS AG reaffirmed a “buy” rating and issued a $17.00 target price (up from $16.00) on shares of Platform Specialty Products Corporation in a research note on Thursday. Instinet cut their target price on Platform Specialty Products Corporation to $14.00 and set a “buy” rating for the company in a research note on Tuesday, June 13th. Finally, ValuEngine raised Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.10.

Want to see what other hedge funds are holding PAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Platform Specialty Products Corporation (NYSE:PAH).

Institutional Ownership by Quarter for Platform Specialty Products Corporation (NYSE:PAH)

Receive News & Ratings for Platform Specialty Products Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Platform Specialty Products Corporation and related companies with MarketBeat.com's FREE daily email newsletter.