Escalade (ESCA) Cut to Sell at Zacks Investment Research
Escalade (NASDAQ:ESCA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.
According to Zacks, “Escalade, Incorporated is a diversified company engaged in the manufacture and sale of sporting goods products and office and graphic arts products. The company offers a broad and complete product selection that is built on innovation and cutting edge product design. These diverse products include table tennis tables and equipment; pool tables and equipment; other game tables which include table soccer, table hockey, and multi games; basketball systems; and archery Equipment. “
Several other equities analysts also recently commented on the stock. Roth Capital restated a “buy” rating on shares of Escalade in a research note on Sunday. ValuEngine downgraded shares of Escalade from a “buy” rating to a “hold” rating in a research note on Wednesday, June 6th.
Several hedge funds have recently modified their holdings of ESCA. Rhumbline Advisers acquired a new position in shares of Escalade during the second quarter worth $144,000. ZPR Investment Management acquired a new position in shares of Escalade during the first quarter worth $156,000. Martingale Asset Management L P acquired a new position in shares of Escalade during the second quarter worth $180,000. Schwab Charles Investment Management Inc. grew its stake in shares of Escalade by 40.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 20,400 shares of the company’s stock worth $288,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Escalade by 69.4% during the fourth quarter. Deutsche Bank AG now owns 40,445 shares of the company’s stock worth $496,000 after purchasing an additional 16,575 shares in the last quarter. Hedge funds and other institutional investors own 27.04% of the company’s stock.
Escalade Company Profile
Escalade, Incorporated, together with its subsidiaries, manufactures and sells sporting goods in North America, Europe, and internationally. The company manufactures, imports, and distributes various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.
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