Platform Specialty Products Corporation (PAH) Holdings Boosted by Nomura Holdings Inc.

Nomura Holdings Inc. raised its stake in shares of Platform Specialty Products Corporation (NYSE:PAH) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,749,035 shares of the specialty chemicals company’s stock after purchasing an additional 55,263 shares during the period. Nomura Holdings Inc. owned 0.61% of Platform Specialty Products Corporation worth $22,168,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC lifted its stake in shares of Platform Specialty Products Corporation by 12.7% in the second quarter. FMR LLC now owns 22,055,440 shares of the specialty chemicals company’s stock worth $279,663,000 after buying an additional 2,483,623 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Platform Specialty Products Corporation by 4.6% in the second quarter. Vanguard Group Inc. now owns 16,082,464 shares of the specialty chemicals company’s stock worth $203,926,000 after buying an additional 711,500 shares in the last quarter. Glenview Capital Management LLC lifted its stake in shares of Platform Specialty Products Corporation by 17.9% in the second quarter. Glenview Capital Management LLC now owns 13,203,633 shares of the specialty chemicals company’s stock worth $167,422,000 after buying an additional 2,000,000 shares in the last quarter. Capital World Investors lifted its stake in shares of Platform Specialty Products Corporation by 13.1% in the second quarter. Capital World Investors now owns 12,080,829 shares of the specialty chemicals company’s stock worth $153,185,000 after buying an additional 1,398,319 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Platform Specialty Products Corporation by 20,109.1% in the first quarter. BlackRock Inc. now owns 10,392,944 shares of the specialty chemicals company’s stock worth $135,317,000 after buying an additional 10,341,517 shares in the last quarter. 93.88% of the stock is currently owned by institutional investors and hedge funds.

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In other news, CEO Rakesh Sachdev bought 11,000 shares of Platform Specialty Products Corporation stock in a transaction on Friday, August 25th. The shares were bought at an average cost of $11.06 per share, for a total transaction of $121,660.00. Following the acquisition, the chief executive officer now owns 11,000 shares in the company, valued at $121,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ian G. H. Ashken bought 45,000 shares of Platform Specialty Products Corporation stock in a transaction on Tuesday, August 29th. The stock was purchased at an average price of $10.98 per share, for a total transaction of $494,100.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 60,500 shares of company stock worth $664,865. 6.00% of the stock is owned by insiders.

Platform Specialty Products Corporation (NYSE PAH) traded up 1.66% during trading on Tuesday, hitting $11.63. 678,866 shares of the stock traded hands. The company’s 50 day moving average price is $11.47 and its 200-day moving average price is $12.68. The stock’s market cap is $3.33 billion. Platform Specialty Products Corporation has a 52-week low of $6.85 and a 52-week high of $14.82.

Platform Specialty Products Corporation (NYSE:PAH) last released its quarterly earnings data on Wednesday, August 9th. The specialty chemicals company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $941.10 million for the quarter, compared to analyst estimates of $933.32 million. Platform Specialty Products Corporation had a negative net margin of 0.26% and a positive return on equity of 7.15%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. Equities research analysts forecast that Platform Specialty Products Corporation will post $0.80 earnings per share for the current fiscal year.

PAH has been the topic of several research reports. Zacks Investment Research raised shares of Platform Specialty Products Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. UBS AG reissued a “buy” rating and issued a $17.00 price target (up from $16.00) on shares of Platform Specialty Products Corporation in a research note on Thursday, August 10th. Instinet decreased their price target on shares of Platform Specialty Products Corporation to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, June 13th. BidaskClub downgraded shares of Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, SunTrust Banks, Inc. raised shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and raised their price target for the stock from $13.00 to $15.00 in a research note on Monday, September 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $13.44.

About Platform Specialty Products Corporation

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.

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Institutional Ownership by Quarter for Platform Specialty Products Corporation (NYSE:PAH)

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