Dimensional Fund Advisors LP Has $35.14 Million Holdings in Zagg Inc (ZAGG)
Dimensional Fund Advisors LP decreased its holdings in shares of Zagg Inc (NASDAQ:ZAGG) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,231,082 shares of the specialty retailer’s stock after selling 81,542 shares during the quarter. Dimensional Fund Advisors LP owned about 0.08% of Zagg worth $35,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Wasatch Advisors Inc. raised its holdings in Zagg by 7.3% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,370,557 shares of the specialty retailer’s stock valued at $11,855,000 after acquiring an additional 93,551 shares during the period. Systematic Financial Management LP bought a new stake in Zagg during the 3rd quarter valued at $582,000. Moors & Cabot Inc. raised its holdings in Zagg by 49.8% during the 2nd quarter. Moors & Cabot Inc. now owns 119,900 shares of the specialty retailer’s stock valued at $1,040,000 after acquiring an additional 39,850 shares during the period. Macquarie Group Ltd. bought a new stake in Zagg during the 3rd quarter valued at $671,000. Finally, EAM Investors LLC bought a new stake in Zagg during the 3rd quarter valued at $6,040,000. 82.75% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on ZAGG shares. TheStreet raised shares of Zagg from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Zagg from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Saturday, January 6th. Craig Hallum set a $24.00 target price on shares of Zagg and gave the company a “buy” rating in a report on Wednesday, January 3rd. ValuEngine raised shares of Zagg from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Northland Securities restated a “buy” rating and set a $23.00 price target on shares of Zagg in a research report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $19.17.
Zagg (NASDAQ:ZAGG) last released its quarterly earnings results on Wednesday, November 1st. The specialty retailer reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $134.40 million during the quarter, compared to analyst estimates of $128.23 million. Zagg had a net margin of 0.63% and a return on equity of 6.59%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 EPS. sell-side analysts anticipate that Zagg Inc will post 1 earnings per share for the current fiscal year.
In other news, CEO Randall L. Hales sold 19,829 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $19.85, for a total transaction of $393,605.65. Following the completion of the transaction, the chief executive officer now directly owns 713,380 shares in the company, valued at approximately $14,160,593. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Randall L. Hales sold 50,001 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $19.16, for a total transaction of $958,019.16. Following the transaction, the chief executive officer now owns 713,380 shares of the company’s stock, valued at $13,668,360.80. The disclosure for this sale can be found here. Insiders have sold a total of 99,830 shares of company stock valued at $1,903,425 over the last 90 days. Company insiders own 4.20% of the company’s stock.
ZAGG Inc (ZAGG) designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands.
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