Tribune Investment Group LP Purchases New Position in DPC Holdings PLC $DPC

Tribune Investment Group LP purchased a new stake in DPC Holdings PLC (NYSE:DPC) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 63,300 shares of the company’s stock, valued at approximately $3,105,000. DPC comprises 1.3% of Tribune Investment Group LP’s portfolio, making the stock its 28th largest holding.

Separately, SurgoCap Partners LP bought a new stake in shares of DPC during the second quarter worth approximately $31,336,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DPC shares. Rothschild & Co Redburn assumed coverage on DPC in a research report on Monday, July 20th. They issued a “buy” rating and a $53.50 target price on the stock. Royal Bank Of Canada lifted their price target on DPC from $53.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Jefferies Financial Group started coverage on DPC in a research note on Monday, July 20th. They issued a “buy” rating and a $56.00 price target for the company. Zacks Research upgraded DPC to a “hold” rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen raised DPC to a “hold” rating in a report on Saturday, July 4th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.62.

DPC Stock Performance

DPC stock opened at $45.38 on Monday. The firm has a 50-day moving average price of $48.60. DPC Holdings PLC has a 12 month low of $42.50 and a 12 month high of $57.25.

DPC (NYSE:DPC) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $268.70 million for the quarter. Equities research analysts forecast that DPC Holdings PLC will post 0.45 earnings per share for the current fiscal year.

Insider Buying and Selling at DPC

In other DPC news, COO Jason Mays bought 85,973 shares of the business’s stock in a transaction on Friday, June 26th. The stock was purchased at an average cost of $33.00 per share, for a total transaction of $2,837,109.00. Following the completion of the purchase, the chief operating officer directly owned 93,456 shares of the company’s stock, valued at approximately $3,084,048. This trade represents a 1,148.91% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David John Egan bought 275,363 shares of the business’s stock in a transaction on Friday, June 26th. The shares were acquired at an average price of $33.00 per share, with a total value of $9,086,979.00. Following the completion of the purchase, the chief financial officer directly owned 294,529 shares of the company’s stock, valued at approximately $9,719,457. The trade was a 1,436.73% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 2,297,621 shares of company stock valued at $75,821,493.

DPC Company Profile

DPC Holdings is a manufacturer of engineered engine products which include complex precision cast components and nickel- and cobalt-based superalloys primarily serving Aerospace and IGT end markets. DPC Holdings is based in United Kingdom.