Sienna Gestion has initiated a new position of 34,335 shares, valued at approximately $6.14 million, in Howmet Aerospace Inc. Several other institutional investors, such as Norges Bank and JPMorgan Chase & Co., also significantly increased their holdings in the company, bringing the total institutional ownership to 90.46%. Despite strong institutional interest and exceeding quarterly earnings and revenue estimates, some company insiders have been selling shares.
Sienna Gestion Makes New Investment in Howmet Aerospace Inc. $HWM
Sienna Gestion has initiated a new position of 34,335 shares, valued at approximately $6.14 million, in Howmet Aerospace Inc. Several other institutional investors, such as Norges Bank and JPMorgan Chase & Co., also significantly increased their holdings in the company, bringing the total institutional ownership to 90.46%. Despite strong institutional interest and exceeding quarterly earnings and revenue estimates, some company insiders have been selling shares.