PNC Financial Services Group Inc. Purchases 73,443 Shares of Fox Factory Holding Corp. (FOXF)

PNC Financial Services Group Inc. raised its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 6,522.5% during the first quarter, Holdings Channel reports. The fund owned 74,569 shares of the company’s stock after buying an additional 73,443 shares during the period. PNC Financial Services Group Inc.’s holdings in Fox Factory Holding Corp. were worth $2,140,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. LS Investment Advisors LLC boosted its position in Fox Factory Holding Corp. by 261.7% in the first quarter. LS Investment Advisors LLC now owns 3,711 shares of the company’s stock valued at $107,000 after buying an additional 2,685 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Fox Factory Holding Corp. by 22.8% in the first quarter. State of Alaska Department of Revenue now owns 3,830 shares of the company’s stock valued at $109,000 after buying an additional 710 shares during the last quarter. Victory Capital Management Inc. boosted its position in Fox Factory Holding Corp. by 11.3% in the first quarter. Victory Capital Management Inc. now owns 5,003 shares of the company’s stock valued at $144,000 after buying an additional 509 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Fox Factory Holding Corp. by 16.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,847 shares of the company’s stock valued at $197,000 after buying an additional 955 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Fox Factory Holding Corp. during the first quarter valued at $211,000. 95.80% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Fox Factory Holding Corp. (NASDAQ:FOXF)

Fox Factory Holding Corp. (NASDAQ FOXF) traded up 0.16% on Friday, hitting $32.10. 13,793 shares of the stock traded hands. The company’s 50 day moving average price is $32.49 and its 200-day moving average price is $28.68. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 28.66 and a beta of 0.68. Fox Factory Holding Corp. has a 52-week low of $16.28 and a 52-week high of $34.00.

Fox Factory Holding Corp. (NASDAQ:FOXF) last released its earnings results on Wednesday, May 3rd. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. Fox Factory Holding Corp. had a net margin of 10.01% and a return on equity of 30.07%. The company had revenue of $106.33 million for the quarter, compared to analysts’ expectations of $97.31 million. On average, analysts forecast that Fox Factory Holding Corp. will post $1.44 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “PNC Financial Services Group Inc. Purchases 73,443 Shares of Fox Factory Holding Corp. (FOXF)” was published by Mideast Time and is the sole property of of Mideast Time. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.mideasttime.com/pnc-financial-services-group-inc-purchases-73443-shares-of-fox-factory-holding-corp-foxf/1805014.html.

Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. DA Davidson cut shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a report on Wednesday, May 17th. Zacks Investment Research raised shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Friday, May 5th. CL King cut shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, June 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $26.00 price target (up previously from $23.00) on shares of Fox Factory Holding Corp. in a report on Wednesday, March 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Fox Factory Holding Corp. has an average rating of “Buy” and a consensus price target of $29.83.

In other Fox Factory Holding Corp. news, SVP William H. Katherman sold 11,878 shares of Fox Factory Holding Corp. stock in a transaction on Friday, May 19th. The shares were sold at an average price of $33.01, for a total value of $392,092.78. Following the sale, the senior vice president now directly owns 18,000 shares in the company, valued at approximately $594,180. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Larry L. Enterline sold 85,799 shares of Fox Factory Holding Corp. stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $32.47, for a total transaction of $2,785,893.53. Following the completion of the sale, the chief executive officer now owns 166,567 shares in the company, valued at $5,408,430.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,170 shares of company stock worth $7,020,981. 21.40% of the stock is owned by corporate insiders.

About Fox Factory Holding Corp.

Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FOXF”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding FOXF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fox Factory Holding Corp. (NASDAQ:FOXF).

Receive News & Ratings for Fox Factory Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory Holding Corp. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.