Earnings
Engineers Gate Manager LP Has $1.89 Million Stock Holdings in Adient $ADNT
Engineers Gate Manager LP reduced its stake in Adient (NYSE:ADNT) by 55.7% in the second quarter, selling over 129,000 shares but still retaining 102,755 shares valued at approximately $1.89 million. Institutional investors and hedge funds own a significant 92.44% of the company's stock. Adient shares opened at $18.36, near their 12-month low, following a reported quarterly EPS of $0.48, which missed the consensus estimate of $0.56, despite revenue growing 4.3% year-over-year to $3.93 billion.