Cooke & Bieler LP Sells 88,690 Shares of PGT Innovations Inc (PGTI)
Cooke & Bieler LP cut its position in shares of PGT Innovations Inc (NYSE:PGTI) by 3.7% during the 4th quarter, Holdings Channel reports. The firm owned 2,304,336 shares of the construction company’s stock after selling 88,690 shares during the period. Cooke & Bieler LP’s holdings in PGT Innovations were worth $38,828,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new position in PGT Innovations during the 2nd quarter worth approximately $137,000. Empirical Finance LLC bought a new position in PGT Innovations during the 3rd quarter worth approximately $160,000. Campbell & CO Investment Adviser LLC bought a new position in PGT Innovations during the 3rd quarter worth approximately $170,000. Citadel Advisors LLC bought a new position in PGT Innovations during the 2nd quarter worth approximately $147,000. Finally, State Board of Administration of Florida Retirement System bought a new position in PGT Innovations during the 3rd quarter worth approximately $177,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.
Several equities analysts recently issued reports on the company. B. Riley raised their price target on PGT Innovations from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Dougherty & Co restated a “buy” rating and set a $19.00 price target (up from $18.00) on shares of PGT Innovations in a research report on Thursday. Royal Bank of Canada reiterated a “buy” rating and issued a $17.00 price objective on shares of PGT Innovations in a research report on Wednesday, November 15th. Finally, BidaskClub lowered PGT Innovations from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $17.25.
Shares of PGT Innovations Inc (NYSE:PGTI) opened at $15.20 on Monday. The firm has a market capitalization of $754.85, a P/E ratio of 33.04, a PEG ratio of 1.28 and a beta of 1.06. PGT Innovations Inc has a 1 year low of $10.00 and a 1 year high of $17.60. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.67 and a quick ratio of 2.71.
About PGT Innovations
PGT Innovations, Inc, formerly PGT, Inc, is a manufacturer of impact-resistant windows and doors. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. CGI serves residential and commercial markets in both new and existing construction. CGI manufacturing and delivery facilities are based in Miami, Florida.
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