Quantamental Technologies LLC Cuts Stake in PGT Innovations Inc (NYSE:PGTI)

Quantamental Technologies LLC reduced its position in shares of PGT Innovations Inc (NYSE:PGTI) by 35.5% in the second quarter, Holdings Channel reports. The firm owned 5,874 shares of the construction company’s stock after selling 3,235 shares during the quarter. Quantamental Technologies LLC’s holdings in PGT Innovations were worth $98,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. AlphaOne Investment Services LLC bought a new position in shares of PGT Innovations during the first quarter valued at $46,000. Redhawk Wealth Advisors Inc. bought a new stake in PGT Innovations in the 2nd quarter worth about $79,000. Bank of Montreal Can increased its holdings in PGT Innovations by 18.8% in the 2nd quarter. Bank of Montreal Can now owns 5,956 shares of the construction company’s stock worth $100,000 after buying an additional 944 shares in the last quarter. NumerixS Investment Technologies Inc raised its position in PGT Innovations by 48.7% in the 1st quarter. NumerixS Investment Technologies Inc now owns 10,426 shares of the construction company’s stock worth $146,000 after buying an additional 3,413 shares during the last quarter. Finally, Creative Planning purchased a new position in PGT Innovations in the 2nd quarter worth about $173,000. 91.27% of the stock is owned by institutional investors and hedge funds.

In other PGT Innovations news, Director Rodney Hershberger sold 23,505 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $15.84, for a total transaction of $372,319.20. Following the sale, the director now owns 1,181,135 shares in the company, valued at approximately $18,709,178.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Andrew Keller purchased 3,500 shares of the stock in a transaction on Tuesday, August 20th. The shares were purchased at an average cost of $14.15 per share, for a total transaction of $49,525.00. Following the acquisition, the insider now directly owns 29,328 shares of the company’s stock, valued at $414,991.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 59,305 shares of company stock valued at $903,726. 4.60% of the stock is owned by corporate insiders.

NYSE:PGTI traded up $0.29 on Wednesday, hitting $16.47. The stock had a trading volume of 5,580 shares, compared to its average volume of 330,596. The business’s 50-day simple moving average is $14.94 and its two-hundred day simple moving average is $15.19. The stock has a market cap of $947.99 million, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 1.83 and a beta of 1.00. PGT Innovations Inc has a 52-week low of $13.30 and a 52-week high of $26.35. The company has a quick ratio of 2.40, a current ratio of 2.99 and a debt-to-equity ratio of 0.95.

PGT Innovations (NYSE:PGTI) last issued its quarterly earnings data on Thursday, August 1st. The construction company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The firm had revenue of $199.00 million for the quarter, compared to analysts’ expectations of $206.34 million. PGT Innovations had a net margin of 6.48% and a return on equity of 15.36%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 EPS. As a group, equities research analysts anticipate that PGT Innovations Inc will post 0.94 EPS for the current year.

Several equities analysts have issued reports on PGTI shares. G.Research restated a “buy” rating on shares of PGT Innovations in a research note on Friday, August 2nd. ValuEngine upgraded shares of PGT Innovations from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Zacks Investment Research cut shares of PGT Innovations from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. Finally, Gabelli upgraded shares of PGT Innovations from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. PGT Innovations has an average rating of “Buy” and a consensus price target of $22.88.

About PGT Innovations

PGT Innovations, Inc manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. It offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones.

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Institutional Ownership by Quarter for PGT Innovations (NYSE:PGTI)

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