Nexeo Solutions (NASDAQ:NXEO) Insider Park West Asset Management Llc Sells 2,000,000 Shares

Nexeo Solutions (NASDAQ:NXEO) insider Park West Asset Management Llc sold 2,000,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $8.15, for a total transaction of $16,300,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Park West Asset Management Llc also recently made the following trade(s):

  • On Wednesday, July 26th, Park West Asset Management Llc sold 7,796 shares of Nexeo Solutions stock. The stock was sold at an average price of $8.49, for a total transaction of $66,188.04.
  • On Friday, July 21st, Park West Asset Management Llc sold 10,000 shares of Nexeo Solutions stock. The stock was sold at an average price of $8.43, for a total transaction of $84,300.00.
  • On Monday, June 26th, Park West Asset Management Llc sold 204,766 shares of Nexeo Solutions stock. The stock was sold at an average price of $8.19, for a total transaction of $1,677,033.54.
  • On Friday, June 16th, Park West Asset Management Llc sold 100,000 shares of Nexeo Solutions stock. The stock was sold at an average price of $8.65, for a total transaction of $865,000.00.
  • On Friday, May 12th, Park West Asset Management Llc sold 126,131 shares of Nexeo Solutions stock. The stock was sold at an average price of $9.13, for a total transaction of $1,151,576.03.

Shares of Nexeo Solutions (NXEO) traded down 2.47% during trading on Friday, reaching $7.51. 183,905 shares of the company’s stock traded hands. Nexeo Solutions has a 1-year low of $7.13 and a 1-year high of $9.94. The stock has a market capitalization of $576.34 million and a PE ratio of 60.56. The company has a 50 day moving average price of $8.20 and a 200 day moving average price of $8.82.

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A number of large investors have recently bought and sold shares of the company. Nationwide Fund Advisors acquired a new stake in Nexeo Solutions during the second quarter valued at about $121,000. Symphony Asset Management LLC increased its stake in Nexeo Solutions by 4.2% in the second quarter. Symphony Asset Management LLC now owns 20,346 shares of the basic materials company’s stock valued at $169,000 after buying an additional 815 shares in the last quarter. Trexquant Investment LP acquired a new stake in Nexeo Solutions during the second quarter valued at about $213,000. Rhumbline Advisers acquired a new stake in Nexeo Solutions during the second quarter valued at about $229,000. Finally, Steinberg Global Asset Management increased its stake in Nexeo Solutions by 3.7% in the second quarter. Steinberg Global Asset Management now owns 27,699 shares of the basic materials company’s stock valued at $230,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 84.03% of the company’s stock.

A number of analysts have issued reports on NXEO shares. Zacks Investment Research lowered shares of Nexeo Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Jefferies Group LLC restated a “hold” rating and set a $9.50 target price on shares of Nexeo Solutions in a research note on Friday, June 16th. Finally, Credit Suisse Group cut their target price on shares of Nexeo Solutions from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Nexeo Solutions currently has a consensus rating of “Hold” and an average price target of $9.50.

Nexeo Solutions Company Profile

Nexeo Solutions Inc, formerly WL Ross Holding Corp., is global distributor of chemicals products in North America and Asia, and plastics products in North America, Europe, the Middle East and Africa (EMEA) and Asia. The Company provides services, such as custom blending, packaging and re-packaging, private-label manufacturing and product testing in the form of chemical analysis, product performance analysis and product development.

Insider Buying and Selling by Quarter for Nexeo Solutions (NASDAQ:NXEO)

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