ClariVest Asset Management LLC lifted its stake in PGT Innovations Inc (NYSE:PGTI) by 136.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 309,410 shares of the construction company’s stock after buying an additional 178,789 shares during the quarter. ClariVest Asset Management LLC’s holdings in PGT Innovations were worth $6,684,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Cypress Capital Management LLC WY purchased a new position in shares of PGT Innovations in the second quarter worth $138,000. Oppenheimer Asset Management Inc. purchased a new stake in PGT Innovations during the third quarter valued at $214,000. Aperio Group LLC purchased a new stake in PGT Innovations during the second quarter valued at $210,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in PGT Innovations during the second quarter valued at $220,000. Finally, Acadian Asset Management LLC purchased a new stake in PGT Innovations during the third quarter valued at $238,000. 79.43% of the stock is currently owned by hedge funds and other institutional investors.
PGT Innovations stock opened at $19.41 on Friday. The firm has a market cap of $1.18 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 0.88 and a beta of 0.89. The company has a current ratio of 2.82, a quick ratio of 2.16 and a debt-to-equity ratio of 0.99. PGT Innovations Inc has a 52-week low of $14.50 and a 52-week high of $26.40.
In other PGT Innovations news, Director Richard D. Feintuch sold 5,010 shares of the business’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $21.05, for a total transaction of $105,460.50. Following the transaction, the director now owns 101,810 shares in the company, valued at $2,143,100.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.80% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of PGT Innovations from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Deutsche Bank upped their price target on shares of PGT Innovations from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, November 5th. ValuEngine downgraded shares of PGT Innovations from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd. Jefferies Financial Group assumed coverage on shares of PGT Innovations in a research note on Thursday, October 4th. They set a “buy” rating and a $27.00 price target on the stock. Finally, Wells Fargo & Co assumed coverage on shares of PGT Innovations in a research note on Thursday, October 4th. They set an “outperform” rating and a $25.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $23.63.
PGT Innovations Company Profile
PGT Innovations, Inc manufactures and supplies residential impact-resistant windows and doors in the Southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones.
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