ClariVest Asset Management LLC decreased its stake in Zagg Inc. (NASDAQ:ZAGG) by 51.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 122,010 shares of the company’s stock after selling 127,500 shares during the period. ClariVest Asset Management LLC’s holdings in Zagg were worth $641,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Strs Ohio boosted its position in shares of Zagg by 8.2% in the second quarter. Strs Ohio now owns 27,700 shares of the company’s stock valued at $145,000 after buying an additional 2,100 shares during the period. Boothbay Fund Management LLC boosted its position in shares of Zagg by 80.8% in the first quarter. Boothbay Fund Management LLC now owns 35,722 shares of the company’s stock valued at $322,000 after buying an additional 15,961 shares during the period. Glenmede Trust Co. NA boosted its position in shares of Zagg by 33.9% in the first quarter. Glenmede Trust Co. NA now owns 43,417 shares of the company’s stock valued at $391,000 after buying an additional 10,983 shares during the period. A.R.T. Advisors LLC boosted its position in shares of Zagg by 424.5% in the first quarter. A.R.T. Advisors LLC now owns 62,189 shares of the company’s stock valued at $560,000 after buying an additional 50,333 shares during the period. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Zagg during the first quarter valued at about $709,000. Hedge funds and other institutional investors own 77.75% of the company’s stock.
Zagg Inc. (NASDAQ:ZAGG) traded up 1.30% during midday trading on Friday, reaching $7.80. The company’s stock had a trading volume of 192,723 shares. Zagg Inc. has a 1-year low of $4.71 and a 1-year high of $12.74. The firm has a market capitalization of $219.36 million, a PE ratio of 50.00 and a beta of 1.69. The firm has a 50 day moving average price of $7.70 and a 200 day moving average price of $6.91.
Zagg (NASDAQ:ZAGG) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.14. The business had revenue of $99.80 million for the quarter, compared to analysts’ expectations of $93.07 million. Zagg had a return on equity of 8.43% and a net margin of 1.42%. Zagg’s quarterly revenue was up 49.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share. On average, analysts predict that Zagg Inc. will post $0.45 EPS for the current year.
ZAGG has been the topic of a number of recent research reports. Zacks Investment Research cut Zagg from a “hold” rating to a “sell” rating in a research note on Thursday. Roth Capital raised their target price on Zagg from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Thursday, July 14th.
Zagg Company Profile
ZAGG Inc (ZAGG) designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands.
Want to see what other hedge funds are holding ZAGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zagg Inc. (NASDAQ:ZAGG).
Receive News & Ratings for Zagg Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zagg Inc. and related companies with MarketBeat.com's FREE daily email newsletter.