JPMorgan Chase & Co. raised its holdings in Platform Specialty Products Corp (NYSE:PAH) by 5.4% in the 1st quarter, Holdings Channel reports. The fund owned 577,700 shares of the specialty chemicals company’s stock after acquiring an additional 29,838 shares during the period. JPMorgan Chase & Co.’s holdings in Platform Specialty Products were worth $5,835,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of PAH. Norges Bank acquired a new position in Platform Specialty Products in the 4th quarter valued at $26,004,000. Consulta Ltd purchased a new stake in shares of Platform Specialty Products during the 4th quarter valued at $20,660,000. Gates Capital Management Inc. grew its stake in shares of Platform Specialty Products by 13.2% during the 4th quarter. Gates Capital Management Inc. now owns 6,723,388 shares of the specialty chemicals company’s stock valued at $69,453,000 after buying an additional 782,130 shares during the period. Royce & Associates LP grew its stake in shares of Platform Specialty Products by 54.1% during the 4th quarter. Royce & Associates LP now owns 2,111,954 shares of the specialty chemicals company’s stock valued at $21,816,000 after buying an additional 741,846 shares during the period. Finally, Locust Wood Capital Advisers LLC grew its stake in shares of Platform Specialty Products by 30.5% during the 1st quarter. Locust Wood Capital Advisers LLC now owns 2,844,150 shares of the specialty chemicals company’s stock valued at $28,726,000 after buying an additional 665,138 shares during the period. Institutional investors own 94.50% of the company’s stock.
Shares of NYSE PAH opened at $10.79 on Friday. Platform Specialty Products Corp has a 52-week low of $9.09 and a 52-week high of $13.54. The firm has a market cap of $3.16 billion, a PE ratio of 14.20, a P/E/G ratio of 4.42 and a beta of 2.59. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.19 and a quick ratio of 2.00.
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Platform Specialty Products Company Profile
Platform Specialty Products Corp. engages in the provision of technology chemical products and technical services. It operates its business through the Performance Solutions and Agricultural Solutions segments. The Performance Solutions segment formulates and markets chemistry solutions that are used in production, commercial packaging and printing, electronics, and oil and gas production and drilling.
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