Alps Advisors Inc. reduced its holdings in Zagg Inc (NASDAQ:ZAGG) by 13.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,260 shares of the specialty retailer’s stock after selling 4,751 shares during the period. Alps Advisors Inc. owned approximately 0.11% of Zagg worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. First Trust Advisors LP purchased a new position in Zagg in the third quarter worth approximately $632,000. Bowling Portfolio Management LLC purchased a new stake in shares of Zagg during the 3rd quarter worth approximately $1,077,000. Dalton Greiner Hartman Maher & Co. purchased a new stake in shares of Zagg during the 3rd quarter worth approximately $2,800,000. Northern Trust Corp lifted its position in shares of Zagg by 8.2% during the 2nd quarter. Northern Trust Corp now owns 406,625 shares of the specialty retailer’s stock worth $7,034,000 after buying an additional 30,715 shares during the last quarter. Finally, Strategic Wealth Advisors Group LLC purchased a new stake in shares of Zagg during the 2nd quarter worth approximately $760,000. 84.53% of the stock is currently owned by hedge funds and other institutional investors.

In related news, President Brian Stech sold 10,000 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $14.67, for a total value of $146,700.00. Following the completion of the sale, the president now owns 198,864 shares in the company, valued at approximately $2,917,334.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.80% of the stock is currently owned by insiders.

Several analysts have recently weighed in on the stock. B. Riley boosted their price objective on shares of Zagg from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. ValuEngine downgraded shares of Zagg from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, BidaskClub upgraded shares of Zagg from a “hold” rating to a “buy” rating in a research report on Saturday, August 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $19.50.

Shares of NASDAQ:ZAGG opened at $11.46 on Friday. The company has a market cap of $320.73 million, a PE ratio of 11.81, a P/E/G ratio of 1.12 and a beta of 1.66. The company has a quick ratio of 1.02, a current ratio of 1.66 and a debt-to-equity ratio of 0.15. Zagg Inc has a twelve month low of $10.60 and a twelve month high of $23.70.

Zagg (NASDAQ:ZAGG) last issued its quarterly earnings data on Tuesday, November 6th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. The business had revenue of $141.10 million during the quarter, compared to the consensus estimate of $149.13 million. Zagg had a net margin of 6.00% and a return on equity of 33.12%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, equities research analysts forecast that Zagg Inc will post 1.35 EPS for the current year.

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Zagg Company Profile

ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally. It operates in ZAGG and mophie segments. The company offers screen protection products; battery cases and power management products for tablets, smartphones, MP3 players, cameras, and other electronic mobile devices; device specific keyboards and device agnostic keyboards; and earbuds, headphones, wireless charging products, Bluetooth speakers, and cables under the ZAGG, InvisibleShield, IFROGZ, and mophie brands.

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Institutional Ownership by Quarter for Zagg (NASDAQ:ZAGG)

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