Which investment organizations acquired Axalta Coating Systems shares?

Hedge Funds Buying AXTA

Some investment companies have purchased AXTA stock. Moore Capital Management purchased a new $6 million position in AXTA. The fund picked up 256,239 shares in the last quarter, forming 0.31% of the fund's holdings.

Schonfeld Strategic Advisors has been adding to its stake in AXTA throughout the prior year, snapping up 15,200 shares in the 2nd quarter and an additional 261,200 shares in the 3rd quarter, boosting the aggregate number of shares held by the firm to 284,200. The fund now holds a $6.7 million position in Axalta Coating Systems, making up 0.25% of the fund's investments. This represents a growth of 1,135.65% over the previous quarter's 23,000 shares.

Balyasny Asset Management enlarged its holdings in Axalta Coating Systems by 1,170,119 shares, boosting the total number of shares held by the firm to 1,335,655, valued at $31,281,000. This represents a growth of 706.87% over the past quarter's 165,536 shares. AXTA now makes up 0.25% of the hedge fund's holdings.

Hedge Funds Selling AXTA

Highfields Capital Management exited its $101.9 million stake in AXTA after selling away its AXTA shares throughout the prior few quarters. The fund traded away 3,306,979 shares in the 2nd quarter and 3,877,000 more shares in the 3rd quarter.

Arrowgrass Capital Partners disposed off all its 255,358 shares of AXTA during the last quarter, unloading its $6.7 million stake in the company

Echo Street Capital Management sold all its 357,553 shares of Axalta Coating Systems throughout the previous quarter, closing out its $9.4 million stake in the company

Top Holders of AXTA

Soroban Capital Partners, FPR Partners, and Olstein Capital Management are the investment companies with the largest investments in AXTA. After the acquisition of 1,222,927 shares by Soroban Capital Partners, Axalta Coating Systems now makes up 3.83% of the hedge fund's investments. This equals a growth of 19.58% over the prior quarter's 6,244,451 shares.

FPR Partners off-loaded 1,374,506 shares of AXTA, reducing the cumulative number of shares owned by the hedge fund to 4,590,911, worth about $107,519,000. This equals a decline of -23.04% over the prior quarter's 5,965,417 shares. AXTA now makes up 2.84% of the fund's holdings.

Olstein Capital Management inflated its stake in AXTA by 42,901 shares, growing the aggregate number of shares owned by the fund to 265,700, worth about $6,223,000. This adds up to an increase of 19.26% over the prior quarter's 222,799 shares. Axalta Coating Systems now forms 1.02% of the fund's holdings.

AXTA Stock Price

AXTA moved down 0.48% yesterday, sinking to a low of 27 before increasing to close at 26.88. The stock commenced trading at 27.00, around -0.04% lower than its past close of 27.01. AXTA is drifting 24.56% over its 52-week low of 21.58 and is 19.28% under its trailing year high of 33.30. AXTA has a quite large P/E ratio of 31.58. The company has a market capitalization of $6.63B.