Platform Specialty Prods Cor (PAH) Shareholder Ardsley Advisory Partners Decreased Its Stake by $7.15 Million

November 10, 2018 - By Margaret Staats

Platform Specialty Products Corporation (NYSE:PAH) Corporate LogoDuring Q2 2018 the big money sentiment increased to 1.04. That’s change of 0.04, from 2018Q1’s 1. 23 investors sold all, 55 reduced holdings as PAH ratio increased. 49 grew stakes while 32 funds took stakes. Funds hold 247.72 million shares thus 3.13% less from 2018Q1’s 255.74 million shares. Kamunting Street Cap Management LP stated it has 227,859 shs. Brigade Capital Mngmt Ltd Partnership has invested 2.84% in Platform Specialty Products Corporation (NYSE:PAH). Carlson Mgmt accumulated 0.08% or 25,000 shs. Metropolitan Life Insur Com New York invested in 11,724 shs or 0% of the stock. California Pub Employees Retirement invested in 0.01% or 425,747 shs. Kings Point Cap Management invested in 0.09% or 40,660 shs. Gargoyle Investment Advisor Limited Company has 0.22% invested in Platform Specialty Products Corporation (NYSE:PAH) for 33,987 shs. Bain Capital Credit LP has invested 1.14% in Platform Specialty Products Corporation (NYSE:PAH). Walleye Trading Ltd Co holds 0% of its capital in Platform Specialty Products Corporation (NYSE:PAH) for 43,245 shs. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Platform Specialty Products Corporation (NYSE:PAH). Pnc Financial Group Inc stated it has 0% in Platform Specialty Products Corporation (NYSE:PAH). Tcw Grp holds 33,987 shs. Royal Savings Bank Of Canada stated it has 0% of its capital in Platform Specialty Products Corporation (NYSE:PAH). Signaturefd Ltd Llc owns 191 shs. Natl Bank Of Mellon accumulated 722,535 shs or 0% of the stock.

PAH had 0 selling transactions and 4 insider buys since August 13, 2018. This’s net activity of $4.05 million. On Thursday, August 23 Benson Scot bought $75,360 worth of Platform Specialty Products Corporation (NYSE:PAH) or 6,000 shs. On Wednesday, August 15 $251,038 worth of stock was bought by Capps John Edward. FRANKLIN MARTIN E had bought 260,000 shs worth $3.12 million.

In Platform Specialty Prods Cor (PAH) was reduced the holdings held by Ardsley Advisory Partners. The reduction is 75.14% according to 2018Q2 SEC form. The company’s stock popped up 5.68% while Ardsley Advisory Partners sold 650,000 shares. The major chemicals company at the end of 2018Q2 was priced at $2.50 million. It’s down from 865,000 at the end of the previous reported quarter. Now it had 215,000 shares held by the hedge fund . $3.19 billion is Platform Specialty Prods Cor’s MC. PAH hit $11.07 during the last trading session after $0.19 change.Platform Specialty Products Corporation has volume of 1.88M shares. Since November 10, 2017 PAH has risen 6.83% and is uptrending. PAH underperformed the S&P 500 by 8.79%.

About $862.45 million and $664.70 million US Long portfolio Ardsley Advisory Partners operates. It increased its stake in Anthem Inc (NYSE:ANTM) by 14,000 shares to 92,500 shares, valued at $22.02 million in 2018Q2, according to the filing. Ardsley Advisory Partners has risen its stake in Micron Technology Inc (NASDAQ:MU) and also increased its holding in Polarityte Inc by 375,900 shares in the quarter, for a total of 395,000 shares.

More recent Platform Specialty Products Corporation (NYSE:PAH) news were brought out by Globenewswire.com, Seekingalpha.com and Benzinga.com. The first one has “Platform Specialty Products Corporation Announces Third Quarter 2018 Financial Results” as a title and was brought out on November 01, 2018. The next is “Platform Specialty Products Corporation (PAH) CEO Rakesh Sachdev on Q3 2018 Results – Earnings Call Transcript” on November 01, 2018. And last was brought out on November 10, 2018, called “Insider Buys Of The Week: American Homes 4 Rent, Bunge, Platform Specialty Products”.

Platform Specialty Products Corporation (NYSE:PAH) Ratings Coverage

In total 4 analysts cover Platform Specialty Products (NYSE:PAH). “Buy” rating has 1, “Sell” are 0, while 3 are “Hold”. 25% are bullish. 4 are the (NYSE:PAH)’s analyst reports since June 7, 2018 according to StockzIntelligence Inc. On Monday, October 15 Nomura maintained Platform Specialty Products Corporation (NYSE:PAH) rating. Nomura has “Buy” rating and $15 target. On Wednesday, September 19 Citigroup downgraded Platform Specialty Products Corporation (NYSE:PAH) to “Neutral” rating. The stock rating was downgraded by Goldman Sachs to “Neutral” on Monday, July 23.

Platform Specialty Products Corporation (NYSE:PAH) Institutional Investors Chart

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