Chatham Capital Group Inc. Acquires 2,483 Shares of Encore Wire Co. (WIRE)

Chatham Capital Group Inc. boosted its holdings in shares of Encore Wire Co. (NASDAQ:WIRE) by 10.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,583 shares of the electronics maker’s stock after buying an additional 2,483 shares during the quarter. Chatham Capital Group Inc. owned 0.13% of Encore Wire worth $1,334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Montreal Can raised its position in Encore Wire by 111.1% during the 4th quarter. Bank of Montreal Can now owns 2,538 shares of the electronics maker’s stock worth $127,000 after buying an additional 1,336 shares during the last quarter. Capital Fund Management S.A. purchased a new position in Encore Wire during the 3rd quarter worth approximately $230,000. Algert Global LLC purchased a new position in Encore Wire during the 4th quarter worth approximately $320,000. Renaissance Technologies LLC purchased a new position in Encore Wire during the 2nd quarter worth approximately $361,000. Finally, Stone Ridge Asset Management LLC grew its stake in shares of Encore Wire by 39.0% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 8,688 shares of the electronics maker’s stock worth $435,000 after purchasing an additional 2,437 shares during the period. 89.95% of the stock is owned by institutional investors.

WIRE has been the topic of a number of analyst reports. BidaskClub raised shares of Encore Wire from a “hold” rating to a “buy” rating in a research note on Tuesday, December 25th. DA Davidson set a $60.00 price objective on shares of Encore Wire and gave the stock a “buy” rating in a research note on Tuesday, December 4th. Finally, Zacks Investment Research cut shares of Encore Wire from a “buy” rating to a “hold” rating in a research note on Saturday, January 12th.

Shares of NASDAQ WIRE opened at $54.60 on Wednesday. The company has a market cap of $1.11 billion, a PE ratio of 20.92, a PEG ratio of 1.63 and a beta of 1.37. Encore Wire Co. has a 12 month low of $40.96 and a 12 month high of $58.70.

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About Encore Wire

Encore Wire Corporation manufactures and sells electrical building wire and cable products for interior electrical wiring in the United States. Its products include NM-B cable for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2, metal-clad, and armored cables for use primarily as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; and other types of wire products.

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Institutional Ownership by Quarter for Encore Wire (NASDAQ:WIRE)

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