Parametrica Management Ltd Invests $408,000 in Fox Factory Holding Corp. (FOXF) Stock

Parametrica Management Ltd acquired a new position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,455 shares of the company’s stock, valued at approximately $408,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FOXF. BlackRock Inc. raised its stake in Fox Factory Holding Corp. by 125,617.7% during the first quarter. BlackRock Inc. now owns 3,522,611 shares of the company’s stock worth $101,099,000 after acquiring an additional 3,519,809 shares during the period. Peregrine Capital Management LLC acquired a new stake in Fox Factory Holding Corp. during the second quarter worth about $19,214,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in Fox Factory Holding Corp. by 7.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,926,907 shares of the company’s stock worth $210,998,000 after acquiring an additional 404,704 shares during the period. Vanguard Group Inc. raised its stake in Fox Factory Holding Corp. by 28.5% during the first quarter. Vanguard Group Inc. now owns 1,679,239 shares of the company’s stock worth $48,194,000 after acquiring an additional 372,551 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in Fox Factory Holding Corp. by 786.8% during the second quarter. Neuberger Berman Group LLC now owns 398,346 shares of the company’s stock worth $14,181,000 after acquiring an additional 353,427 shares during the period. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Several equities research analysts recently weighed in on FOXF shares. William Blair lowered shares of Fox Factory Holding Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. Zacks Investment Research lowered shares of Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Stifel Nicolaus reiterated a “hold” rating and set a $38.00 price objective (up previously from $32.00) on shares of Fox Factory Holding Corp. in a research note on Wednesday, August 9th. Robert W. Baird reiterated a “hold” rating and set a $40.00 price objective on shares of Fox Factory Holding Corp. in a research note on Thursday, September 28th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $36.00 price objective on shares of Fox Factory Holding Corp. in a research note on Friday, October 20th. Eight research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Fox Factory Holding Corp. has an average rating of “Hold” and a consensus target price of $39.29.

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Fox Factory Holding Corp. (NASDAQ:FOXF) traded up 2.23% on Wednesday, reaching $43.50. 11,031 shares of the company’s stock traded hands. The firm’s 50-day moving average is $42.72 and its 200 day moving average is $36.86. The stock has a market capitalization of $1.63 billion, a PE ratio of 34.80 and a beta of 0.70. Fox Factory Holding Corp. has a 52-week low of $19.65 and a 52-week high of $46.80.

Fox Factory Holding Corp. (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. Fox Factory Holding Corp. had a net margin of 10.67% and a return on equity of 29.60%. The firm had revenue of $120.80 million during the quarter, compared to the consensus estimate of $117.16 million. During the same period last year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. Analysts forecast that Fox Factory Holding Corp. will post $1.50 EPS for the current year.

In related news, CFO Zvi Glasman sold 10,200 shares of Fox Factory Holding Corp. stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $39.34, for a total transaction of $401,268.00. Following the completion of the transaction, the chief financial officer now directly owns 82,325 shares of the company’s stock, valued at approximately $3,238,665.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Michael Wittenschlaeger sold 2,000 shares of Fox Factory Holding Corp. stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $39.22, for a total transaction of $78,440.00. Following the transaction, the insider now directly owns 61,162 shares of the company’s stock, valued at $2,398,773.64. The disclosure for this sale can be found here. Insiders have sold a total of 70,739 shares of company stock valued at $2,766,288 over the last three months. 21.40% of the stock is currently owned by insiders.

Fox Factory Holding Corp. Profile

Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.

Institutional Ownership by Quarter for Fox Factory Holding Corp. (NASDAQ:FOXF)

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