Ply Gem Holdings Inc (PGEM) Stake Cut by GSA Capital Partners LLP
GSA Capital Partners LLP decreased its stake in Ply Gem Holdings Inc (NYSE:PGEM) by 76.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,893 shares of the company’s stock after selling 92,676 shares during the period. GSA Capital Partners LLP’s holdings in Ply Gem Holdings were worth $470,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. Paradigm Capital Management Inc. NY increased its stake in Ply Gem Holdings by 34.4% in the third quarter. Paradigm Capital Management Inc. NY now owns 1,135,500 shares of the company’s stock valued at $15,170,000 after buying an additional 290,700 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Ply Gem Holdings by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 953,413 shares of the company’s stock valued at $15,493,000 after buying an additional 67,281 shares during the last quarter. Renaissance Technologies LLC increased its stake in Ply Gem Holdings by 10.4% in the fourth quarter. Renaissance Technologies LLC now owns 825,400 shares of the company’s stock valued at $13,413,000 after buying an additional 77,500 shares during the last quarter. Discovery Group I LLC bought a new stake in Ply Gem Holdings during the fourth quarter valued at about $6,003,000. Finally, State Street Corp increased its stake in Ply Gem Holdings by 7.4% in the fourth quarter. State Street Corp now owns 346,116 shares of the company’s stock valued at $5,625,000 after buying an additional 23,853 shares during the last quarter. Hedge funds and other institutional investors own 29.65% of the company’s stock.
Ply Gem Holdings Inc (NYSE:PGEM) opened at 19.65 on Tuesday. The firm’s 50-day moving average price is $17.69 and its 200 day moving average price is $15.56. The stock has a market cap of $1.34 billion, a PE ratio of 17.86 and a beta of 2.56. Ply Gem Holdings Inc has a 1-year low of $12.50 and a 1-year high of $20.00.
Ply Gem Holdings (NYSE:PGEM) last posted its quarterly earnings results on Friday, March 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.01. The firm earned $462.30 million during the quarter, compared to the consensus estimate of $441.81 million. Ply Gem Holdings had a net margin of 4.14% and a negative return on equity of 147.73%. Ply Gem Holdings’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 EPS. Equities research analysts expect that Ply Gem Holdings Inc will post $1.25 EPS for the current year.
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PGEM has been the topic of several research analyst reports. Zacks Investment Research raised Ply Gem Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, January 18th. Seaport Global Securities initiated coverage on Ply Gem Holdings in a research note on Thursday, March 16th. They set a “neutral” rating on the stock. Stephens cut Ply Gem Holdings from an “overweight” rating to an “equal weight” rating in a research note on Friday, January 13th. Zelman & Associates raised Ply Gem Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, March 14th. Finally, Royal Bank of Canada lifted their target price on Ply Gem Holdings from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, March 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $18.10.
Ply Gem Holdings Company Profile
Ply Gem Holdings, Inc is a manufacturer of exterior building products in North America. The Company operates through two segments: Siding, Fencing, and Stone, and Windows and Doors. In the Siding, Fencing, and Stone segment, the Company’s principal products include vinyl skirting, vinyl and aluminum soffit, aluminum trim coil, cellular PVC moldings, J-channels, wide crown molding, window and door trim, F-channels, H-molds, fascia, undersill trims, outside/inside corner posts, rain removal systems, injection molded designer accents, such as shakes, shingles, scallops, shutters, vents and mounts, vinyl fence, vinyl railing and stone veneer in the United States and Canada.
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