HBK Investments L P Increases Stake in Platform Specialty Products Corp (NYSE:PAH)

HBK Investments L P grew its position in Platform Specialty Products Corp (NYSE:PAH) by 48.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 351,095 shares of the specialty chemicals company’s stock after purchasing an additional 115,295 shares during the quarter. HBK Investments L P owned about 0.12% of Platform Specialty Products worth $3,483,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Platform Specialty Products by 69.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,365 shares of the specialty chemicals company’s stock valued at $113,000 after purchasing an additional 4,662 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Platform Specialty Products by 0.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 834,065 shares of the specialty chemicals company’s stock valued at $9,300,000 after purchasing an additional 5,621 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Platform Specialty Products by 1.5% in the third quarter. California Public Employees Retirement System now owns 445,400 shares of the specialty chemicals company’s stock valued at $4,966,000 after buying an additional 6,500 shares during the period. Swiss National Bank boosted its stake in shares of Platform Specialty Products by 2.0% in the fourth quarter. Swiss National Bank now owns 390,689 shares of the specialty chemicals company’s stock valued at $3,876,000 after buying an additional 7,800 shares during the period. Finally, Lapides Asset Management LLC boosted its stake in shares of Platform Specialty Products by 2.6% in the fourth quarter. Lapides Asset Management LLC now owns 324,700 shares of the specialty chemicals company’s stock valued at $3,221,000 after buying an additional 8,100 shares during the period. 92.24% of the stock is currently owned by institutional investors.

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NYSE PAH traded down $0.38 on Friday, hitting $9.52. 3,474,152 shares of the company’s stock were exchanged, compared to its average volume of 2,905,498. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.14 and a quick ratio of 1.69. Platform Specialty Products Corp has a 52 week low of $9.09 and a 52 week high of $14.82. The stock has a market capitalization of $2,742.04, a PE ratio of 12.53, a PEG ratio of 0.68 and a beta of 3.15.

Platform Specialty Products (NYSE:PAH) last released its earnings results on Tuesday, February 27th. The specialty chemicals company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Platform Specialty Products had a positive return on equity of 7.69% and a negative net margin of 7.84%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $978.56 million. During the same period in the prior year, the company earned $0.20 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. sell-side analysts expect that Platform Specialty Products Corp will post 0.99 earnings per share for the current year.

PAH has been the subject of several recent research reports. Zacks Investment Research upgraded Platform Specialty Products from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Wednesday, March 21st. ValuEngine cut Platform Specialty Products from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $14.14.

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Platform Specialty Products Profile

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.

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

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