The Profund Advisors LLC Sells 3,807 Shares of SPX Co. (SPXC)

The Profund Advisors LLC Sells 3,807 Shares of SPX Co. (SPXC)

Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of SPX by 0.6% in the third quarter. BlackRock Inc. now owns 11,367 shares of the company’s stock worth $229,000 after buying an additional 63 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in SPX by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 4,660 shares of the company’s stock valued at $113,000 after buying an additional 140 shares in the last quarter. Levin Capital Strategies L.P. boosted its stake in SPX by 0.3% in the fourth quarter. Levin Capital Strategies L.P. now owns 276,070 shares of the company’s stock valued at $6,548,000 after buying an additional 777 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in SPX by 3.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 30,247 shares of the company’s stock valued at $717,000 after buying an additional 950 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in SPX by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 22,510 shares of the company’s stock valued at $534,000 after buying an additional 1,320 shares in the last quarter.

Profund Advisors LLC decreased its position in shares of SPX Co. (NASDAQ:SPXC) by 29.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,279 shares of the company’s stock after selling 3,807 shares during the period. Profund Advisors LLC’s holdings in SPX were worth $225,000 as of its most recent filing with the SEC.

Shares of SPX Co. (NASDAQ:SPXC) opened at 25.28 on Monday. SPX Co. has a 1-year low of $14.00 and a 1-year high of $28.93. The firm has a 50-day moving average of $25.32 and a 200 day moving average of $24.69. The stock’s market capitalization is $1.07 billion.

SPX (NASDAQ:SPXC) last announced its earnings results on Thursday, May 4th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.11. The business had revenue of $340.60 million for the quarter, compared to the consensus estimate of $320.94 million. During the same quarter last year, the firm posted $0.09 earnings per share. Analysts predict that SPX Co. will post $1.69 EPS for the current year. Separately, Zacks Investment Research upgraded shares of SPX from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Wednesday, March 1st.

About SPX SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SPXC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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