American International Group Inc. decreased its position in shares of Fox Factory Holding Corp (NASDAQ:FOXF) by 1.1% during the 4th quarter, Holdings Channel reports. The fund owned 28,230 shares of the company’s stock after selling 320 shares during the quarter. American International Group Inc.’s holdings in Fox Factory were worth $1,662,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FOXF. Vanguard Group Inc boosted its position in shares of Fox Factory by 38.4% during the 3rd quarter. Vanguard Group Inc now owns 2,909,215 shares of the company’s stock valued at $203,790,000 after acquiring an additional 806,477 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Fox Factory by 38.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,909,215 shares of the company’s stock valued at $203,790,000 after acquiring an additional 806,477 shares during the last quarter. BlackRock Inc. boosted its position in shares of Fox Factory by 4.2% during the 3rd quarter. BlackRock Inc. now owns 5,455,689 shares of the company’s stock valued at $382,170,000 after acquiring an additional 221,693 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of Fox Factory during the 4th quarter valued at about $11,900,000. Finally, Castleark Management LLC acquired a new position in Fox Factory in the third quarter valued at about $12,179,000. 99.99% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ FOXF opened at $69.67 on Friday. Fox Factory Holding Corp has a 12 month low of $33.20 and a 12 month high of $76.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.29 and a current ratio of 2.40. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 1.82 and a beta of 1.11.

Fox Factory (NASDAQ:FOXF) last posted its earnings results on Tuesday, February 26th. The company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.02. Fox Factory had a net margin of 13.57% and a return on equity of 30.19%. The company had revenue of $156.81 million for the quarter, compared to analysts’ expectations of $156.79 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. Fox Factory’s revenue for the quarter was up 29.5% compared to the same quarter last year. As a group, analysts predict that Fox Factory Holding Corp will post 2.52 EPS for the current fiscal year.

A number of research firms have commented on FOXF. BidaskClub raised shares of Fox Factory from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th. Zacks Investment Research raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Thursday, February 28th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $63.83.

In other Fox Factory news, CEO Larry L. Enterline sold 177,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $63.98, for a total transaction of $11,324,460.00. Following the sale, the chief executive officer now directly owns 95,335 shares in the company, valued at $6,099,533.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Zvi Glasman sold 6,750 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $67.48, for a total transaction of $455,490.00. Following the sale, the chief financial officer now owns 20,284 shares in the company, valued at $1,368,764.32. The disclosure for this sale can be found here. Insiders sold 198,395 shares of company stock worth $12,731,021 in the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

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Fox Factory Profile

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.

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Want to see what other hedge funds are holding FOXF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fox Factory Holding Corp (NASDAQ:FOXF).

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

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