Russell Investments Group Ltd. decreased its stake in Koppers Holdings Inc. (NYSE:KOP – Get Rating) by 31.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,844 shares of the specialty chemicals company’s stock after selling 15,329 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.16% of Koppers worth $680,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James & Associates lifted its position in Koppers by 3.5% in the 3rd quarter. Raymond James & Associates now owns 12,470 shares of the specialty chemicals company’s stock worth $259,000 after buying an additional 423 shares in the last quarter. Bank of Montreal Can lifted its position in Koppers by 6.0% in the 1st quarter. Bank of Montreal Can now owns 7,518 shares of the specialty chemicals company’s stock worth $212,000 after buying an additional 425 shares in the last quarter. Captrust Financial Advisors lifted its position in Koppers by 46.8% in the 2nd quarter. Captrust Financial Advisors now owns 1,477 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 471 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in Koppers by 15.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 3,551 shares of the specialty chemicals company’s stock worth $80,000 after buying an additional 481 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Koppers by 3.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 20,772 shares of the specialty chemicals company’s stock worth $470,000 after buying an additional 745 shares in the last quarter. Hedge funds and other institutional investors own 88.68% of the company’s stock.
Koppers Stock Performance
Shares of KOP opened at $34.03 on Wednesday. The company’s fifty day moving average is $31.32 and its 200-day moving average is $27.03. Koppers Holdings Inc. has a 12 month low of $20.11 and a 12 month high of $35.90. The firm has a market cap of $711.16 million, a price-to-earnings ratio of 10.19 and a beta of 1.85. The company has a quick ratio of 1.03, a current ratio of 2.07 and a debt-to-equity ratio of 2.20.
Analyst Ratings Changes
Several research analysts have recently commented on KOP shares. B. Riley restated a “buy” rating on shares of Koppers in a research note on Monday, November 7th. StockNews.com upgraded shares of Koppers from a “hold” rating to a “buy” rating in a research note on Wednesday, December 7th.
Koppers Company Profile
Koppers Holdings, Inc engages in the provision of treated wood products, wood treatment chemicals and carbon compounds. It operates through the following segments: Carbon Materials and Chemicals, Railroad and Utility Products and Services, and Performance Chemicals. The Carbon Materials and Chemicals segment manufactures carbon pitch naphthalene, creosote, and carbon black feedstock.