Qube Research & Technologies Ltd makes new investment in PGT Innovations, Inc. (NYSE: PGTI)


Qube Research & Technologies Ltd bought a new position in shares of PGT Innovations, Inc. (NYSE: PGTIGet a rating) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 44,826 shares of the construction company, valued at around $806,000. Qube Research & Technologies Ltd held approximately 0.07% of PGT Innovations when it last filed with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the company. CWM LLC increased its position in PGT Innovations by 102.9% during the first quarter. CWM LLC now owns 1,733 shares of the construction company worth $31,000 after purchasing an additional 879 shares in the last quarter. SG Americas Securities LLC increased its position in shares of PGT Innovations by 4.0% in the fourth quarter. SG Americas Securities LLC now owns 26,137 shares of the construction company valued at $588,000 after acquiring 999 additional shares last quarter. Envestnet Asset Management Inc. increased its position in PGT Innovations shares by 11.2% in the first quarter. Envestnet Asset Management Inc. now owns 10,481 shares of the construction company valued at $188,000 after acquiring 1,056 additional shares last quarter. Gamco Investors Inc. ET AL raised its position in shares of PGT Innovations by 9.9% in the fourth quarter. Gamco Investors Inc. ET AL now owns 20,447 shares of the construction company valued at $460,000 after acquiring 1,843 additional shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new equity stake in PGT Innovations in the fourth quarter at a value of $53,000. 87.24% of the shares are currently held by hedge funds and other institutional investors.

Performance of PGT Innovations shares

NYSE PGTI opened at $22.50 on Friday. The company’s 50-day moving average price is $19.25 and its 200-day moving average price is $19.17. PGT Innovations, Inc. has a 12-month low of $15.42 and a 12-month high of $23.36. The company has a market capitalization of $1.35 billion, a PE ratio of 20.64 and a beta of 1.49. The company has a current ratio of 2.82, a quick ratio of 2.24 and a debt ratio of 1.08.

PGT Innovations (NYSE: PGTIGet a rating) last announced its quarterly results on Tuesday, July 26. The construction company reported EPS of $0.67 for the quarter, beating the consensus estimate of $0.45 by $0.22. The company posted revenue of $406.52 million in the quarter, versus analyst estimates of $364.73 million. PGT Innovations had a return on equity of 18.27% and a net margin of 4.84%. The company’s revenue increased 42.4% year over year. In the same period a year earlier, the company posted earnings per share of $0.18. On average, research analysts predict that PGT Innovations, Inc. will post 1.99 earnings per share for the current year.

Insiders place their bets

In other news from PGT Innovations, Vice Chairman Robert Andrew Keller sold 4,746 shares of the company in a trade dated Friday, July 29. The stock was sold at an average price of $21.95, for a total transaction of $104,174.70. Following the completion of the sale, the vice president now directly owns 54,904 shares of the company, valued at $1,205,142.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Separately, Vice Chairman Robert Andrew Keller sold 4,746 shares in a trade dated Friday, July 29. The stock was sold at an average price of $21.95, for a total value of $104,174.70. Following the completion of the sale, the vice president now owns 54,904 shares of the company, valued at $1,205,142.80. The transaction was disclosed in a legal filing with the SEC, which is available via this link. Also, director Rodney Hershberger sold 2,000 shares in a trade dated Friday, July 22. The shares were sold at an average price of $19.03, for a total value of $38,060.00. Following the completion of the sale, the director now owns 1,370,638 shares of the company, valued at approximately $26,083,241.14. Disclosure of this sale can be found here. Insiders have sold 8,746 shares of the company worth $186,335 over the past three months. 4.50% of the shares are held by insiders.

Analyst upgrades and downgrades

Several brokerages have recently released reports on PGTI. Deutsche Bank Aktiengesellschaft began covering PGT Innovations in a research report on Wednesday. They issued a “buy” rating on the stock. TheStreet upgraded PGT Innovations from a “c+” rating to a “b” rating in a Thursday, June 2 research report. StockNews.com upgraded PGT Innovations from a “hold” rating to a “buy” rating in a Wednesday, July 27 research report. Finally, JPMorgan Chase & Co. reduced its target price on PGT Innovations from $22.00 to $19.00 in a Friday, July 15 research report.

PGT Innovations Profile

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PGT Innovations, Inc, together with its subsidiaries, manufactures and supplies impact resistant aluminum framed windows and doors in the United States and around the world. The company provides heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-blown debris; and non-impact vinyl windows with insulating glass and multi-chamber frames for different climate zones.

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Institutional ownership by quarter for PGT Innovations (NYSE: PGTI)



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