Capital Fund Management S.A. acquired a new position in shares of Sturm Ruger & Co. (NYSE:RGR) during the second quarter, according to its most recent filing with the SEC. The fund acquired 9,600 shares of the company’s stock, valued at approximately $614,000.
Several other large investors also recently made changes to their positions in the stock. New York State Teachers Retirement System raised its stake in Sturm Ruger & Co. by 3.6% in the second quarter. New York State Teachers Retirement System now owns 51,904 shares of the company’s stock valued at $3,322,000 after buying an additional 1,800 shares during the last quarter. Capstone Asset Management Co. acquired a new stake in Sturm Ruger & Co. during the second quarter valued at approximately $200,000. Contravisory Investment Management Inc. acquired a new stake in Sturm Ruger & Co. during the second quarter valued at approximately $133,000. Creative Planning raised its stake in Sturm Ruger & Co. by 7.6% in the second quarter. Creative Planning now owns 4,749 shares of the company’s stock valued at $304,000 after buying an additional 337 shares during the last quarter. Finally, Edge Wealth Management LLC acquired a new stake in Sturm Ruger & Co. during the second quarter valued at approximately $287,000. 70.69% of the stock is currently owned by hedge funds and other institutional investors.
Sturm Ruger & Co. (NYSE:RGR) traded up 1.43% during midday trading on Wednesday, reaching $56.70. 89,222 shares of the company’s stock traded hands. The company has a market capitalization of $1.08 billion, a PE ratio of 14.41 and a beta of 0.90. Sturm Ruger & Co. has a 1-year low of $48.10 and a 1-year high of $78.09. The firm’s 50 day moving average price is $58.33 and its 200-day moving average price is $63.74.
Sturm Ruger & Co. (NYSE:RGR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.07. Sturm Ruger & Co. had a net margin of 12.35% and a return on equity of 32.40%. The firm had revenue of $167.90 million for the quarter, compared to analyst estimates of $164.30 million. Equities analysts expect that Sturm Ruger & Co. will post $3.78 EPS for the current year.
Sturm Ruger & Co. Company Profile
Sturm, Ruger & Company, Inc and subsidiary, is engaged in the design, manufacture and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols and revolvers to a range of federally licensed, independent wholesale distributors located in the United States.
Want to see what other hedge funds are holding RGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sturm Ruger & Co. (NYSE:RGR).
Receive News & Ratings for Sturm Ruger & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sturm Ruger & Co. and related companies with MarketBeat.com's FREE daily email newsletter.