Balter Liquid Alternatives LLC boosted its holdings in Ply Gem Holdings Inc (NYSE:PGEM) by 30.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,031 shares of the construction company’s stock after purchasing an additional 3,783 shares during the quarter. Balter Liquid Alternatives LLC’s holdings in Ply Gem were worth $297,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PGEM. Parametrica Management Ltd bought a new position in shares of Ply Gem during the 3rd quarter valued at about $196,000. Wells Fargo & Company MN boosted its holdings in shares of Ply Gem by 1.9% during the 2nd quarter. Wells Fargo & Company MN now owns 15,890 shares of the construction company’s stock valued at $285,000 after purchasing an additional 293 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Ply Gem during the 3rd quarter valued at about $327,000. Thrivent Financial For Lutherans bought a new position in shares of Ply Gem during the 2nd quarter valued at about $333,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Ply Gem by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,016 shares of the construction company’s stock valued at $342,000 after purchasing an additional 171 shares during the last quarter. Institutional investors and hedge funds own 29.04% of the company’s stock.

Ply Gem Holdings Inc (NYSE:PGEM) opened at $21.70 on Monday. Ply Gem Holdings Inc has a 1-year low of $14.55 and a 1-year high of $22.20. The company has a market cap of $1,487.12, a PE ratio of 24.66 and a beta of 2.55. The company has a current ratio of 1.92, a quick ratio of 1.28 and a debt-to-equity ratio of 13.73.

Several research analysts have commented on the stock. Royal Bank of Canada reissued a “buy” rating and set a $19.00 price objective on shares of Ply Gem in a report on Tuesday, November 7th. KeyCorp reissued a “hold” rating on shares of Ply Gem in a report on Tuesday, October 24th. ValuEngine raised shares of Ply Gem from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub downgraded shares of Ply Gem from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Finally, Zacks Investment Research raised shares of Ply Gem from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Ply Gem currently has an average rating of “Hold” and an average target price of $19.50.

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Ply Gem Profile

Ply Gem Holdings, Inc is a manufacturer of exterior building products in North America. The Company operates through two segments: Siding, Fencing, and Stone, and Windows and Doors. In the Siding, Fencing, and Stone segment, its principal products include vinyl siding and skirting, vinyl and aluminum soffit, aluminum trim coil, cellular PVC trim and moldings, J-channels, wide crown molding, window and door trim, F-channels, H-molds, fascia, undersill trims, outside/inside corner posts, rain removal systems, injection molded designer accents, such as shakes, shingles, scallops, shutters, vents and mounts, vinyl fence, vinyl railing and stone veneer in the United States and Canada.

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Institutional Ownership by Quarter for Ply Gem (NYSE:PGEM)

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