Gamco Investors INC. ET AL raised its stake in Federal-Mogul Holdings Corp (NASDAQ:FDML) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,824,091 shares of the company’s stock after buying an additional 6,548 shares during the period. Gamco Investors INC. ET AL owned approximately 4.63% of Federal-Mogul Holdings Corp worth $53,595,000 as of its most recent filing with the SEC.
Separately, Strs Ohio increased its position in shares of Federal-Mogul Holdings Corp by 25.8% in the fourth quarter. Strs Ohio now owns 1,584,800 shares of the company’s stock valued at $10,855,000 after buying an additional 325,000 shares during the last quarter.
Shares of Federal-Mogul Holdings Corp (NASDAQ:FDML) opened at 9.09 on Wednesday. The stock’s market capitalization is $1.54 billion. Federal-Mogul Holdings Corp has a 12 month low of $3.81 and a 12 month high of $14.00. The company’s 50 day moving average price is $5.72 and its 200 day moving average price is $6.94.
Federal-Mogul Holdings Corp (NASDAQ:FDML) last released its quarterly earnings results on Monday, February 29th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.10. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the business earned $0.07 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. Equities analysts anticipate that Federal-Mogul Holdings Corp will post $1.05 earnings per share for the current fiscal year.
Several brokerages recently commented on FDML. Zacks Investment Research upgraded Federal-Mogul Holdings Corp from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a research report on Wednesday, March 2nd. FBR & Co. reiterated a “market perform” rating on shares of Federal-Mogul Holdings Corp in a research report on Wednesday, January 20th. Finally, BB&T Corp. reiterated a “hold” rating on shares of Federal-Mogul Holdings Corp in a research report on Tuesday, February 2nd.
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 (NASDAQ:FDML) 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.
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Source: Financial market news