Todays Report: Today, Mason Street Advisors LLC Invests $121,000 in SPX Co. (SPXC)

Today, Mason Street Advisors LLC Invests $121,000 in SPX Co. (SPXC)

Mason Street Advisors LLC acquired a new position in SPX Co. (NASDAQ:SPXC) during the second quarter, Holdings Channel reports. The institutional investor acquired 8,134 shares of the company’s stock, valued at approximately $121,000.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its position in SPX by 14.5% in the second quarter. AQR Capital Management LLC now owns 1,884,278 shares of the company’s stock worth $27,982,000 after buying an additional 238,858 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in SPX by 212.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 522,559 shares of the company’s stock worth $7,761,000 after buying an additional 355,208 shares in the last quarter. Brant Point Investment Management LLC increased its position in SPX by 369.1% in the second quarter. Brant Point Investment Management LLC now owns 234,559 shares of the company’s stock worth $3,483,000 after buying an additional 184,559 shares in the last quarter. Guggenheim Capital LLC increased its position in SPX by 3.3% in the second quarter. Guggenheim Capital LLC now owns 219,253 shares of the company’s stock worth $3,256,000 after buying an additional 7,010 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its position in SPX by 26.3% in the second quarter. Panagora Asset Management Inc. now owns 205,750 shares of the company’s stock worth $3,055,000 after buying an additional 42,880 shares in the last quarter.

SPX Co. (NASDAQ:SPXC) opened at 19.67 on Tuesday. The stock’s market capitalization is $821.36 million. The company has a 50 day moving average of $19.81 and a 200-day moving average of $17.05. SPX Co. has a one year low of $7.62 and a one year high of $20.55.

SPX (NASDAQ:SPXC) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. The firm earned $412.90 million during the quarter, compared to the consensus estimate of $413.55 million. SPX’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 EPS. Equities research analysts predict that SPX Co. will post $1.19 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of SPX from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. Credit Suisse Group AG raised shares of SPX to a “buy” rating in a report on Saturday, July 9th.

In other SPX news, insider Michael Andrew Reilly sold 2,258 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $19.19, for a total value of $43,331.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

SPX Company Profile

SPX Corporation is a diversified, global supplier of infrastructure equipment. The Company operates through three segments: heating, ventilation and air conditioning (HVAC); Detection and Measurement, and Power. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.

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