Morgan Stanley lifted its holdings in shares of Clarus Corp (NASDAQ:CLAR) by 34.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 143,462 shares of the company’s stock after acquiring an additional 37,006 shares during the period. Morgan Stanley’s holdings in Clarus were worth $1,585,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Panagora Asset Management Inc. bought a new stake in Clarus during the third quarter worth approximately $145,000. Engineers Gate Manager LP bought a new stake in Clarus during the third quarter worth approximately $187,000. Citadel Advisors LLC bought a new stake in Clarus during the third quarter worth approximately $335,000. Algert Global LLC raised its holdings in Clarus by 189.2% during the third quarter. Algert Global LLC now owns 37,070 shares of the company’s stock worth $410,000 after purchasing an additional 24,251 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Clarus by 62.5% during the second quarter. Bank of America Corp DE now owns 37,448 shares of the company’s stock worth $309,000 after purchasing an additional 14,401 shares in the last quarter. Institutional investors and hedge funds own 54.21% of the company’s stock.
Several equities research analysts recently commented on CLAR shares. TheStreet raised Clarus from a “c+” rating to a “b” rating in a report on Friday, November 23rd. BidaskClub cut Clarus from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 28th. ValuEngine cut Clarus from a “buy” rating to a “hold” rating in a report on Thursday, December 13th. Finally, Zacks Investment Research cut Clarus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $12.75.
NASDAQ CLAR opened at $11.81 on Friday. The firm has a market capitalization of $352.53 million, a price-to-earnings ratio of 20.72, a P/E/G ratio of 1.69 and a beta of 1.33. Clarus Corp has a 1 year low of $6.35 and a 1 year high of $12.72. The company has a current ratio of 4.99, a quick ratio of 2.00 and a debt-to-equity ratio of 0.13.
Clarus (NASDAQ:CLAR) last posted its quarterly earnings results on Monday, March 4th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The company had revenue of $57.31 million for the quarter, compared to analysts’ expectations of $57.00 million. Clarus had a return on equity of 10.30% and a net margin of 3.44%. As a group, analysts anticipate that Clarus Corp will post 0.7 EPS for the current year.
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Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories.
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