Dimensional Fund Advisors LP Sells 9,738 Shares of Axiall Corp. (AXLL)
Dimensional Fund Advisors LP lowered its position in Axiall Corp. (NYSE:AXLL) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,009,953 shares of the company’s stock after selling 9,738 shares during the period. Dimensional Fund Advisors LP owned approximately 4.26% of Axiall Corp. worth $98,154,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in AXLL. Norges Bank acquired a new position in shares of Axiall Corp. during the fourth quarter worth approximately $12,328,000. Ngam Advisors L.P. raised its position in shares of Axiall Corp. by 6.2% in the first quarter. Ngam Advisors L.P. now owns 79,291 shares of the company’s stock worth $1,732,000 after buying an additional 4,623 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Axiall Corp. by 23.0% in the first quarter. TIAA CREF Investment Management LLC now owns 3,530,080 shares of the company’s stock worth $77,097,000 after buying an additional 660,100 shares during the period. Teachers Advisors Inc. raised its position in shares of Axiall Corp. by 17.3% in the first quarter. Teachers Advisors Inc. now owns 2,137,370 shares of the company’s stock worth $46,680,000 after buying an additional 315,510 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of Axiall Corp. by 150.9% in the first quarter. Prudential Financial Inc. now owns 155,897 shares of the company’s stock worth $3,405,000 after buying an additional 93,770 shares during the period.
Axiall Corp. (NYSE:AXLL) remained flat at $33.00 on Wednesday. Axiall Corp. has a 52-week low of $9.04 and a 52-week high of $33.49. The company has a 50 day moving average of $32.95 and a 200-day moving average of $27.87.
Axiall Corp. (NYSE:AXLL) last issued its earnings results on Monday, August 8th. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.11. The business had revenue of $776.10 million for the quarter, compared to the consensus estimate of $838 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business’s revenue was down 26.7% compared to the same quarter last year. Equities research analysts anticipate that Axiall Corp. will post $0.53 EPS for the current fiscal year.
AXLL has been the subject of a number of recent research reports. TheStreet upgraded Axiall Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 22nd. Nomura restated a “hold” rating on shares of Axiall Corp. in a research note on Monday, July 11th. Citigroup Inc. upped their target price on Axiall Corp. from $23.35 to $33.00 and gave the company a “neutral” rating in a research note on Monday, June 13th. JPMorgan Chase & Co. lowered Axiall Corp. from an “overweight” rating to a “neutral” rating and upped their target price for the company from $26.50 to $33.00 in a research note on Monday, June 13th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Axiall Corp. from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research note on Friday, June 3rd. Eight analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $27.00.
Axiall Corp. Company Profile
Axiall Corporation (Axiall) is a manufacturer and international marketer of chemicals and building products. The Company operates through two segments: chlorovinyls and building products. Its products include chlorine, caustic soda, vinyl chloride monomer, siding and exterior accessories, and pipe and pipe fittings, among others.
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