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Are Hedge Funds Betting Against Axalta Coating Systems Ltd. (AXTA)?

12 October 2017

After $1.44 actual EPS reported by Autoliv Inc. for the previous quarter, Wall Street now forecasts -6.94% negative EPS growth. Gabelli initiated Axalta Coating Systems Ltd (NYSE:AXTA) on Thursday, September 1 with "Buy" rating.

AXTA has been the subject of several other reports. Evercore ISI assumed coverage on shares of Axalta Coating Systems in a research report on Monday, February 13th.

On August 11 the stock rating was upgraded from "Neutral" to "Overweight" in an announcement from JP Morgan. The stock of Axalta Coating Systems Ltd (NYSE:AXTA) earned "Buy" rating by Citigroup on Monday, April 18.

Analysts have a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The rating was maintained by RBC Capital Markets with "Outperform" on Wednesday, March 15.

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Axalta Coating Systems Ltd. (NYSE:AXTA) gross margin percentage stands at 37.6% while its operating margin for the past trailing twelve month is 9.7 percent and its overall profit margin (ttm) is 0.2 Percent. Axalta Coating Systems Ltd (NYSE:AXTA) has risen 13.74% since October 11, 2016 and is uptrending.

The most current P/E ratio is 2836.500 and the market cap of the company is 6.90B. During the last 52 weeks, the (NYSE:WTI) price has been as high as $3.69 and as low as $1.31.

Yesterday Axalta Coating Systems (NYSE:AXTA) traded -2.63% lower at $29.68.

Axalta Coating Systems (NASDAQ:AXTA) last issued its earnings results on Wednesday, April 26th. This is assuming the current $0.35 EPS is accurate. The company has market cap of $21.02 billion. Insider ownership decreased by a total of 187774 shares, which suggests that AXTA's key executives are feeling less optimistic about the outlook for the stock. The firm's revenue for the quarter was up 2.3% on a year-over-year basis.

Institutional investors now hold around $7 billion or 0% in AXTA stock. The 50 day moving average was down by -2.954% and the 200 day average went down $-2.67 or -8.596%. A statistical measure of the dispersion of returns (volatility) for AXTA producing salvation in Investors mouth, it has week volatility of 2.49% and for the month booked as 1.44%. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Samuel L. Smolik purchased 4,000 shares of the company's stock in a transaction that occurred on Monday, August 7th.

Before trading, trader, investor or shareholder must have an eye on stock's historical performance. The disclosure for this sale can be found here. The shares were sold at an average price of $29.42, for a total transaction of $26,478.00.

These funds have shifted positions in (AXTA). As of quarter end Exane Asset Management had sold 57,995 shares trimming its position 17.7%. Engineers Gate Manager LP increased its stake in shares of Axalta Coating Systems by 46.7% during the 2nd quarter. 210 are held by Cwm Ltd Liability Company. Acrospire Investment Management LLC now owns 4,862 shares of the specialty chemicals company's stock valued at $156,000 after acquiring an additional 3,500 shares during the period. Acrospire Investment Management LLC lifted its stake in Axalta Coating Systems by 257.0% during the 2nd quarter. Finally, Advisor Group Inc. lifted its stake in Axalta Coating Systems by 217.3% during the 2nd quarter. Over the last 90 days, insiders have sold 195,774 shares of company stock valued at $5,771,898.

Institutions own - of Axalta Coating Systems Ltd. (AXTA)'s shares. The Firm is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company's divisions include Performance Coatings and Transportation Coatings. The company offers waterborne and solvent borne coatings; liquid and powder coatings; and liquid coatings.

Are Hedge Funds Betting Against Axalta Coating Systems Ltd. (AXTA)?