Parametric Portfolio Associates LLC Purchases 604 Shares of ZAGG Inc (ZAGG)
Parametric Portfolio Associates LLC boosted its position in ZAGG Inc (NASDAQ:ZAGG) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,638 shares of the specialty retailer’s stock after purchasing an additional 604 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.16% of ZAGG worth $386,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of ZAGG by 7.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,183,161 shares of the specialty retailer’s stock valued at $10,235,000 after acquiring an additional 76,913 shares during the period. Northern Trust Corp lifted its position in shares of ZAGG by 5.6% during the 2nd quarter. Northern Trust Corp now owns 408,422 shares of the specialty retailer’s stock valued at $3,533,000 after acquiring an additional 21,489 shares during the period. Penn Capital Management Co. Inc. lifted its position in shares of ZAGG by 1.1% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 624,911 shares of the specialty retailer’s stock valued at $5,405,000 after acquiring an additional 7,041 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of ZAGG by 2.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 93,133 shares of the specialty retailer’s stock valued at $806,000 after acquiring an additional 2,261 shares during the period. Finally, Teachers Advisors LLC lifted its position in shares of ZAGG by 5.0% during the 2nd quarter. Teachers Advisors LLC now owns 50,494 shares of the specialty retailer’s stock valued at $437,000 after acquiring an additional 2,401 shares during the period. Institutional investors and hedge funds own 80.94% of the company’s stock.
In other news, CEO Randall L. Hales sold 19,829 shares of the business’s stock in a transaction on Monday, November 13th. The stock was 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 owns 713,380 shares of the company’s stock, valued at approximately $14,160,593. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Randall L. Hales sold 50,001 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $19.16, for a total value of $958,019.16. Following the transaction, the chief executive officer now directly owns 713,380 shares of the company’s stock, valued at approximately $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 in the last three months. 4.20% of the stock is owned by insiders.
ZAGG Inc (NASDAQ:ZAGG) opened at $22.80 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 0.07. ZAGG Inc has a fifty-two week low of $5.90 and a fifty-two week high of $23.70. The company has a market capitalization of $637.83, a price-to-earnings ratio of 87.69, a PEG ratio of 4.55 and a beta of 0.82.
ZAGG (NASDAQ:ZAGG) last posted its quarterly earnings results on Wednesday, November 1st. The specialty retailer reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. ZAGG had a return on equity of 6.59% and a net margin of 0.63%. The company had revenue of $134.40 million during the quarter, compared to analysts’ expectations of $128.23 million. During the same quarter in the previous year, the firm earned $0.29 EPS. ZAGG’s revenue was up 7.8% on a year-over-year basis. research analysts expect that ZAGG Inc will post 1 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on ZAGG. TheStreet upgraded ZAGG from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. Craig Hallum reiterated a “buy” rating and set a $23.00 target price (up from $16.00) on shares of ZAGG in a research report on Thursday, October 19th. B. Riley set a $17.00 price target on ZAGG and gave the stock a “hold” rating in a report on Monday, October 30th. Roth Capital set a $17.00 price target on ZAGG and gave the stock a “hold” rating in a report on Tuesday, October 17th. Finally, Zacks Investment Research cut ZAGG from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 12th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $17.67.
COPYRIGHT VIOLATION NOTICE: This news story was posted by Watch List News and is owned by of Watch List News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/parametric-portfolio-associates-llc-purchases-604-shares-of-zagg-inc-zagg/1728729.html.
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.
Want to see what other hedge funds are holding ZAGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZAGG Inc (NASDAQ:ZAGG).
Receive News & Ratings for ZAGG Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZAGG Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.