Staley Capital Advisers Inc. boosted its stake in Federal-Mogul Holdings Corporation (NASDAQ:FDML) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,749,000 shares of the company’s stock after buying an additional 40,000 shares during the period. Federal-Mogul Holdings Corporation accounts for about 2.6% of Staley Capital Advisers Inc.’s investment portfolio, making the stock its 13th largest position. Staley Capital Advisers Inc. owned 1.63% of Federal-Mogul Holdings Corporation worth $26,418,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDML. KCG Holdings Inc. bought a new stake in Federal-Mogul Holdings Corporation during the second quarter valued at $104,000. State Street Corp increased its position in Federal-Mogul Holdings Corporation by 0.5% in the second quarter. State Street Corp now owns 505,812 shares of the company’s stock worth $4,206,000 after buying an additional 2,437 shares in the last quarter. TFS Capital LLC purchased a new position in Federal-Mogul Holdings Corporation during the second quarter worth about $909,000. OMERS ADMINISTRATION Corp increased its position in Federal-Mogul Holdings Corporation by 5.5% in the second quarter. OMERS ADMINISTRATION Corp now owns 131,000 shares of the company’s stock worth $1,089,000 after buying an additional 6,800 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Federal-Mogul Holdings Corporation by 3.5% in the second quarter. Alliancebernstein L.P. now owns 62,200 shares of the company’s stock worth $517,000 after buying an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 98.49% of the company’s stock.
Shares of Federal-Mogul Holdings Corporation (NASDAQ:FDML) remained flat at $9.98 during midday trading on Friday. The stock has a market capitalization of $1.69 billion, a PE ratio of 73.38 and a beta of 2.93. Federal-Mogul Holdings Corporation has a one year low of $3.81 and a one year high of $10.68. The company’s 50 day moving average is $10.13 and its 200 day moving average is $9.51.
Separately, Zacks Investment Research downgraded shares of Federal-Mogul Holdings Corporation from a “hold” rating to a “sell” rating in a report on Monday, December 26th.
In other news, major shareholder Carl C. Icahn bought 16,766,401 shares of the company’s stock in a transaction on Monday, January 23rd. The shares were acquired at an average cost of $10.00 per share, with a total value of $167,664,010.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 82.10% of the company’s stock.
About Federal-Mogul Holdings Corporation
Federal-Mogul Holdings Corp, formerly Federal-Mogul Corporation, is a global supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems. The Company serves original equipment manufacturers (OEM) and servicers (OES) (collectively OE) of automotive, light, medium and heavy-duty commercial vehicles, off-road, agricultural, marine, rail, aerospace, power generation and industrial equipment, as well as the worldwide aftermarket.
Want to see what other hedge funds are holding FDML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal-Mogul Holdings Corporation (NASDAQ:FDML).