Timucuan Asset Management INC Position in Hexcel Corporation (HXL) Cut by $27.44 Million as Stock Value Declined

February 19, 2018 - By Nellie Frank

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.12, from 1.19 in 2017Q2. It dived, as 23 investors sold HXL shares while 97 reduced holdings. 31 funds opened positions while 97 raised stakes. 80.81 million shares or 0.27% less from 81.03 million shares in 2017Q2 were reported. Fifth Third Bankshares owns 4,969 shares. Public Employees Retirement Association Of Colorado holds 0.01% or 18,040 shares in its portfolio. Caxton Assoc Ltd Partnership holds 0.03% in Hexcel Corporation (NYSE:HXL) or 15,000 shares. Roanoke Asset Corporation New York invested in 3.27% or 120,979 shares. Putnam Fl Mgmt reported 0.6% in Hexcel Corporation (NYSE:HXL). Bnp Paribas Arbitrage reported 2,842 shares or 0% of all its holdings. Pacad Limited holds 0.03% of its portfolio in Hexcel Corporation (NYSE:HXL) for 2,000 shares. 48,846 are owned by Zurcher Kantonalbank (Zurich Cantonalbank). Martin Currie invested 0.42% in Hexcel Corporation (NYSE:HXL). Boston Prtnrs holds 63,807 shares or 0% of its portfolio. Suntrust Banks holds 0.01% or 19,304 shares. Carnegie Asset Mngmt Lc owns 14,125 shares. State Of New Jersey Common Pension Fund D owns 95,000 shares. Rmb Capital Mngmt Ltd Co reported 28,000 shares or 0.04% of all its holdings. Baldwin Brothers Ma stated it has 0.55% of its portfolio in Hexcel Corporation (NYSE:HXL).

Since October 23, 2017, it had 0 insider purchases, and 5 selling transactions for $5.03 million activity. Hendricks Kimberly A. also sold $165,222 worth of Hexcel Corporation (NYSE:HXL) shares.

Timucuan Asset Management Inc decreased its stake in Hexcel Corporation (HXL) by 22.34% based on its latest 2017Q3 regulatory filing with the SEC. Timucuan Asset Management Inc sold 481,398 shares as the company’s stock declined 6.01% while stock markets rallied. The hedge fund held 1.67 million shares of the major chemicals company at the end of 2017Q3, valued at $96.10M, down from 2.16M at the end of the previous reported quarter. Timucuan Asset Management Inc who had been investing in Hexcel Corporation for a number of months, seems to be less bullish one the $6.12 billion market cap company. The stock decreased 0.21% or $0.14 during the last trading session, reaching $68.1. About 390,411 shares traded. Hexcel Corporation (NYSE:HXL) has risen 15.53% since February 19, 2017 and is uptrending. It has underperformed by 1.17% the S&P500.

More important recent Hexcel Corporation (NYSE:HXL) news were published by: Nasdaq.com which released: “Hexcel Corporation (HXL) Ex-Dividend Date Scheduled for February 05, 2018” on February 02, 2018, also Fool.com published article titled: “Forget Boeing: Hexcel Corporation Is the Best Buy in the Aerospace Sector”, Nasdaq.com published: “Hexcel Corp. Q4 Profit Advances” on January 24, 2018. More interesting news about Hexcel Corporation (NYSE:HXL) was released by: Seekingalpha.com and their article: “Hexcel’s (HXL) CEO Nick Stanage on Q4 2017 Results – Earnings Call Transcript” with publication date: January 25, 2018.

Hexcel Corporation (NYSE:HXL) Ratings Coverage

Among 15 analysts covering Hexcel (NYSE:HXL), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. Hexcel had 42 analyst reports since August 4, 2015 according to SRatingsIntel. The company was upgraded on Monday, February 6 by Bank of America. The rating was downgraded by Bank of America to “Neutral” on Friday, July 29. RBC Capital Markets maintained it with “Outperform” rating and $52 target in Wednesday, October 21 report. Jefferies maintained it with “Hold” rating and $5000 target in Tuesday, July 25 report. On Friday, September 1 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The stock of Hexcel Corporation (NYSE:HXL) has “Hold” rating given on Friday, September 29 by Jefferies. On Tuesday, August 4 the stock rating was maintained by Deutsche Bank with “Buy”. As per Tuesday, September 12, the company rating was maintained by Cowen & Co. The rating was maintained by Cowen & Co with “Buy” on Wednesday, August 9. The stock has “Hold” rating by Vertical Research on Wednesday, July 26.

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