Metropolitan Life Insurance Co. NY reduced its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,765 shares of the company’s stock after selling 1,087 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Fox Factory Holding Corp. were worth $452,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Fox Factory Holding Corp. by 57.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,522,203 shares of the company’s stock worth $158,487,000 after buying an additional 2,005,628 shares during the last quarter. BlackRock Inc. raised its position in shares of Fox Factory Holding Corp. by 125,617.7% in the first quarter. BlackRock Inc. now owns 3,522,611 shares of the company’s stock worth $101,099,000 after buying an additional 3,519,809 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Fox Factory Holding Corp. by 28.5% in the first quarter. Vanguard Group Inc. now owns 1,679,239 shares of the company’s stock worth $48,194,000 after buying an additional 372,551 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Fox Factory Holding Corp. by 14.2% in the first quarter. Conestoga Capital Advisors LLC now owns 1,483,861 shares of the company’s stock worth $42,587,000 after buying an additional 184,991 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Fox Factory Holding Corp. by 4.9% in the first quarter. Wells Fargo & Company MN now owns 1,479,874 shares of the company’s stock worth $42,473,000 after buying an additional 69,635 shares during the last quarter. Institutional investors own 96.65% of the company’s stock.

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) traded down 1.20% during midday trading on Tuesday, reaching $37.05. 33,389 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $37.04 and its 200 day moving average is $31.33. Fox Factory Holding Corp. has a one year low of $18.09 and a one year high of $39.60. The firm has a market cap of $1.39 billion, a PE ratio of 29.64 and a beta of 0.69.

Fox Factory Holding Corp. (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. Fox Factory Holding Corp. had a net margin of 10.67% and a return on equity of 29.60%. The business had revenue of $120.80 million during the quarter, compared to the consensus estimate of $117.16 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. Analysts anticipate that Fox Factory Holding Corp. will post $1.50 EPS for the current year.

WARNING: This story was originally published by Watch List News and is owned by of Watch List News. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.watchlistnews.com/fox-factory-holding-corp-foxf-stake-reduced-by-metropolitan-life-insurance-co-ny/1490350.html.

FOXF has been the subject of a number of research reports. Zacks Investment Research lowered shares of Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Stifel Nicolaus reiterated a “hold” rating and set a $38.00 target price (up from $32.00) on shares of Fox Factory Holding Corp. in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th. CL King lowered shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, June 1st. Finally, Bank of America Corporation lowered shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $35.17.

In other news, CEO Larry L. Enterline sold 85,799 shares of Fox Factory Holding Corp. stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $32.47, for a total transaction of $2,785,893.53. Following the completion of the sale, the chief executive officer now directly owns 166,567 shares in the company, valued at $5,408,430.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP William H. Katherman sold 11,878 shares of Fox Factory Holding Corp. stock in a transaction on Friday, May 19th. The stock was sold at an average price of $33.01, for a total transaction of $392,092.78. Following the sale, the senior vice president now owns 18,000 shares of the company’s stock, valued at $594,180. The disclosure for this sale can be found here. Insiders have sold 186,155 shares of company stock valued at $6,201,779 over the last quarter. Insiders own 21.40% of the company’s stock.

About Fox Factory Holding Corp.

Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.

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 Holding Corp. (NASDAQ:FOXF)

Receive News & Ratings for Fox Factory Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory Holding Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.