Coliseum Capital Management - Llc Insider Buy
On October 2, 2015, insider trading deal was made. Coliseum Capital Management - Llc, an insider of Accuride Corp purchased a total of 68,092 shares of Accuride Corp, worth approx. $187,208 US Dollars, at $2.7 per share at the time of the deal. Dated October 2, 2015 the investment Form 4 is ready for use here. Coliseum Capital Management - Llc now indirectly has ownership of 14941304 shares. The insider also directly has ownership of 0 shares. In total he holds a stake of 30.49%.
Accuride Corp Sentiment and Fundamentals
Four Wall Street equity analysts expect that for the financial year 2015, the earnings of the -listed Accuride Corp might go up to $0.18 earnings-per-share thus giving Accuride Corp YOY growth rate of 0.00%. This would give it a 16.06 P/E ratio.
Our equity traders rate Accuride Corp’s stock - NEUTRAL, based on our momentum model. In the last 200 days, Accuride Corp’s price per share has dropped 39.43% and shows a smooth and strong downtrend.
Institutional Ownership
Recently released 13F public data filings show 91 hedge funds and other institutions own Accuride Corp. Our tracked institutional investors have traditionally had a high interest in the company in focus, and that was also the case in the last quarter. The institutional ownership was 65.89% of the stock’s outstanding shares. Its up 0.20% from previous quarter. These professional stock holders increased the total shares they own by 64,151 to 31.60 million this quarter. A total of 13 funds closed their positions in Accuride Corp and 34 reduced their holdings. There were 10 funds that created new positions and 28 funds that added to their positions.
This stock is Top 10 in two of them. Some of them are: Coliseum Capital Management Llc, New Generation Advisors Llc.
Kevin Michael Ulrich And Anthony Davis’s Anchor Capital Advisors Llc had the greatest investment with ownership of 495,363 shares as of Q2 2015 for 0.04% of the fund’s portfolio. Croft-Leominster Inc is another positive asset manager possessing 60,000 shares of the company or 0.04% of their stocks portfolio. The stock is also 0.03% of the fund’s AUM. Moreover Paradigm Capital Management Inc Ny have 0.01% of their stock portfolio invested in the company’s market cap for 30,000 shares. The Massachusetts-based fund Rutabaga Capital Management Llc Ma disclosed it had purchased a stake worth 1.10% of the fund’s stock portfolio in Accuride Corp. The Connecticut-based fund Coliseum Capital Management Llc is also upbeat about the publicly listed company, possessing 7.15 million shares or 9.34% of their stock portfolio.
Accuride Corporation NYSE:ACW Company Profile
Accuride Corporation is a manufacturer and supplier of commercial vehicle components in North America. The Company’s three segments are Wheels, Gunite and Brillion Iron Works. The Wheels segment’s products primarily consist of steel and aluminum wheels. The Gunite segment’s products consist primarily of wheel-end components and assemblies. The Brillion Iron Works segment’s products primarily consist of ductile, austempered ductile and gray iron castings, including engine and transmission components and industrial components. It classifies its products as wheels, wheel-end components and assemblies, and ductile and gray iron castings. The Company markets its products under a number of brand names, including Accuride, Gunite, and Brillion. It serves original equipment manufacturers (OEMs) and their related aftermarket channels in the commercial vehicle market, including heavy-and medium-duty trucks, commercial trailers, light trucks, buses, as well as specialty and military vehicles.
Company Website: Accuride Corporation
As of writing its market worth is: $134.74 million and it has 49.00 million outstanding shares. The company has 2186 employees. Currently there are 65.75% shareholders and the institutional ownership stands at 65.75%. Accuride Corp was created in Delaware on 1986-11-14. The stock closed at $2.75 yesterday and it had average 2 days volume of 44820 shares. It is down from the 30 days average shares volume of 54297. Accuride Corp has a one year low of $2.33 and a 52weeks high of $5.47. The current price is below the 200 days Simple moving average. Accuride Corp last issued its quarterly earnings data on 07/27/2015. The company reported 0.13 EPS for the quarter, above the consensus estimate of 0.1 by 0.03. The company had a revenue of 185.38 million for 6/30/2015 and 183.66 million for 3/31/2015. Therefore, the revenue was 1.72 million up.
Coliseum Capital Management - Llc is also director of Lhc Group, Inc, Bioscrip, Inc., Blue Bird Corp, Advanced Emissions Solutions, Inc., Providence Service Corp, Benihana Inc, 10 percent owner of Insite Vision Inc, Cash Store Financial Services Inc., Rural/Metro Corp /De/, Interstate Hotels & Resorts Inc, Dei Holdings, Inc.
* These securities are held directly by (a) Coliseum Capital Partners - L.P. (“CCP”) - an investment limited partnership of which Coliseum Capital - LLC - a Delaware limited liability company (“CC”) - is general partner and for which Coliseum Capital Management - LLC - a Delaware limited liability company (“CCM”) - serves as investment adviser - (b) Coliseum Capital Partners II - L.P. (“CCP2” and - together with CCP - the “Funds”) - an investment limited partnership of which CC is general partner and for which CCM serves as investment adviser - and (c) a separate account investment advisory client of CCM (the “Separate Account”).
* Christopher Shackelton (“Shackelton”) and Adam Gray (“Gray”) are managers of and have an ownership interest in each of CCM and CC and may be deemed to have an indirect pecuniary interest in the shares held by the Funds and the Separate Account due to CCM’s right to receive performance-related fees from the Separate Account and CC’s right to receive performance-related fees from the Funds. Each of Shackelton - Gray - CCP - CCP2 - the Separate Account - CC and CCM disclaims beneficial ownership of these securities except to the extent of that person’s pecuniary interest therein.
* Following the transactions reported herein - CCP - CCP2 and the Separate Account directly owned 4 - 236 - 834 - 1 - 280 - 190 and 1 - 955 - 880 shares of common stock - respectively.
