Markets are wavering on Friday following weaker-than-expected jobs data. However, the report depletes the likelihood of a June interest rate hike. Some important stocks that are gaining ground today are Teradata Corporation (NYSE:TDC), Envision Healthcare Holdings Inc (NYSE:EVHC), Atwood Oceanics, Inc. (NYSE:ATW), LSB Industries, Inc. (NYSE:LXU) and Sierra Wireless, Inc. (USA) (NASDAQ:SWIR). Let’s see what sent these stocks higher today and analyze the hedge fund sentiment towards them.
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Teradata Corporation Reports Losses, Appoints New CEO
Teradata Corporation (NYSE:TDC)’s stock has gained around 7% after the company announced the appointment of a new CEO after having reported a $46 million loss for the first quarter on Thursday. Victor Lund was named as the new president and CEO of the data company, replacing Mike Koehler, who had headed the company since 2007. Lund said that moving forward, the company would accelerate its transformation efforts and would strive to maintain a cost focus, but not at the expense of profitable revenue growth. The new CEO added that he would try to instill a “sense of urgency and accountability” in Teradata’s culture. For the first quarter, Teradata posted adjusted EPS of $0.47, better than the expected $0.37, while revenue of $545 million also surpassed the expectations of $517.52 million. For the full year, the company expects revenue of $2.32 billion to $2.39 billion. Among the funds we track, 23 held approximately $830 million worth of Teradata Corporation (NYSE:TDC)’s shares at the end of the fourth quarter of 2015. As of the end of March, First Eagle Investment Management owns more than 17 million shares of the company, according to its latest 13F filing.
Envision Healthcare Beats Estimates
Envision Healthcare Holdings Inc (NYSE:EVHC)’s stock is nearly 10% in the green after the company posted first-quarter EPS of $0.28, beating the analysts’ estimates of $0.25, while revenue came in at $1.6 billion, higher than the estimated $1.55 billion. For the full fiscal 2016, the company expects its EPS to be in the range of $1.46 to $1.54. In a statement, Envision Healthcare’s CEO, William A. Sanger, said that the company continues to expand using its integrated care delivery strategy. As of the end of the fourth quarter of 2015, 32 hedge funds reported stakes in Envision Healthcare Holdings Inc (NYSE:EVHC), unchanged from a quarter earlier, having amassed 21% of the company’s total stock. Phil Frohlich’s Prescott Group Capital Management owns 57,500 shares of the company, according to its 13F filing for the end of March.
On the next page, we will take a look at Atwood Oceanics, LSB Industries and Sierra Wireless.
Atwood Oceanics Beats Earnings Estimate
Shares of Atwood Oceanics, Inc. (NYSE:ATW) have skyrocketed by more than 29% today on the back of the company posting fiscal second quarter earnings of $1.89 per share, better than the expected $1.59. The Houston based drilling contractor’s revenue declined by 15% on the year to $296.40 million, missing the $296.8 million estimate by a small margin. With ownership of more than 3.1 million shares, Israel Englander’s Millennium Management stood out among the 18 hedge funds from our database that held long positions in Atwood Oceanics, Inc. (NYSE:ATW) at the end of the last year
LSB Industries Misses Estimates, Ready to Launch Ammonia Plant
LSB Industries, Inc. (NYSE:LXU) posted an adjusted net loss of $0.47 per share for the first quarter, worse than estimates of $0.30 a share loss. Revenue declined by 14.6% year-over-year to $165.6 million, but beat the expectations of $159.18 million. In a statement, Dan Greenwell, the CEO of chemicals and climate Control Company, said that the company is making progress to increase its profitability and that it is nearing a transformative development as a public company. Mr. Greenwell also announced that LSB Industries’ new 375,000-ton-per-year ammonia plant at the El Dorado facility is in the final stages of launch. LSB Industries, Inc. (NYSE:LXU)’s shares have surged by over 30% today. Overall, 13 funds that we track held positions in LSB Industries, Inc. (NYSE:LXU) at the end of 2015. As of the end of March, Murray Stahl’s Horizon Asset Management owns 793,390 shares of the company.
Sierra Wireless Surpasses Estimates
Sierra Wireless, Inc. (USA) (NASDAQ:SWIR)’s stock has jumped by 28% after the company reported better-than-expected financial results on Thursday evening. The wireless equipment maker posted first-quarter EPS of $0.08, above estimates of $0.01. Revenue of $142.8 million also surpassed the expectations of $139.85 million. For the full year, the company expects EPS between $0.60 and $0.90, versus the consensus estimate of $0.69. During the earnings call, Sierra Wireless CEO, Jason Cohenour, said that the company expects strength in its business as it plans to introduce new Internet of Things products and customer programs. Six investors from our database held shares of Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) at the end of 2015, down from nine hedge funds a quarter earlier.