Cevian Capital II GP Limited recently stated that they own a 8% stake in Platform Specialty Products Corp (NYSE:PAH) in a Schedule 13G disclosure that was filed with the SEC on Thursday, January 28th. The investor owns 18,245,406 shares of the stock valued at approximately $137,752,815. The filing is available through EDGAR at this hyperlink.

A number of other institutional investors have also recently bought and sold shares of PAH. Russell Frank Co increased its position in Platform Specialty Products Corp by 10.8% in the fourth quarter. Russell Frank Co now owns 1,977,078 shares of the company’s stock worth $25,238,000 after buying an additional 192,986 shares in the last quarter. Trellus Management Company LLC purchased a new position in Platform Specialty Products Corp during the fourth quarter worth about $257,000. Meeder Asset Management purchased a new position in Platform Specialty Products Corp during the fourth quarter worth about $0. Pecaut & Company increased its position in Platform Specialty Products Corp by 12.3% in the fourth quarter. Pecaut & Company now owns 166,500 shares of the company’s stock worth $2,136,000 after buying an additional 18,300 shares in the last quarter. Finally, Janus Capital Management increased its position in Platform Specialty Products Corp by 47.1% in the third quarter. Janus Capital Management now owns 3,748,688 shares of the company’s stock worth $47,421,000 after buying an additional 1,199,474 shares in the last quarter.

Shares of Platform Specialty Products Corp (NYSE:PAH) remained flat at $7.55 during trading on Thursday. The stock had a trading volume of 569,437 shares. Platform Specialty Products Corp has a 52 week low of $6.48 and a 52 week high of $28.44. The stock’s market capitalization is $1.59 billion. The company’s 50-day moving average price is $10.43 and its 200 day moving average price is $15.01.

Platform Specialty Products Corp (NYSE:PAH) last announced its quarterly earnings results on Tuesday, November 10th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by $0.04. During the same period last year, the firm earned $0.18 earnings per share. The company earned $597 million during the quarter, compared to the consensus estimate of $582 million. The firm’s revenue for the quarter was up 203.5% compared to the same quarter last year. On average, analysts predict that Platform Specialty Products Corp will post $0.64 earnings per share for the current year.

A number of equities analysts have issued reports on PAH shares. SunTrust started coverage on shares of Platform Specialty Products Corp in a report on Tuesday, October 13th. They set a “neutral” rating and a $15.00 price objective on the stock. Nomura cut their price objective on shares of Platform Specialty Products Corp from $15.00 to $12.00 in a report on Wednesday, January 13th. Zacks Investment Research raised shares of Platform Specialty Products Corp from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. Credit Suisse reaffirmed a “neutral” rating and set a $14.00 price objective on shares of Platform Specialty Products Corp in a report on Thursday, December 3rd. Finally, Barclays cut their price objective on shares of Platform Specialty Products Corp from $18.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, November 12th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Platform Specialty Products Corp presently has an average rating of “Hold” and a consensus target price of $17.00.

In other news, Director Martin E. Franklin acquired 500,000 shares of the firm’s stock in a transaction on Thursday, November 19th. The stock was acquired at an average price of $11.88 per share, for a total transaction of $5,940,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Benjamin Gliklich acquired 4,000 shares of the firm’s stock in a transaction on Thursday, November 19th. The stock was purchased at an average price of $11.75 per share, with a total value of $47,000.00. Following the acquisition, the chief operating officer now owns 8,760 shares of the company’s stock, valued at approximately $102,930. The disclosure for this purchase can be found here.

12 Month Chart for NYSE:PAH

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