Amalgamated Bank Takes Position in Fox Factory Holding Corp (FOXF)

Amalgamated Bank purchased a new position in shares of Fox Factory Holding Corp (NASDAQ:FOXF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,846 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ameritas Investment Partners Inc. increased its holdings in Fox Factory by 76.4% in the second quarter. Ameritas Investment Partners Inc. now owns 3,076 shares of the company’s stock valued at $110,000 after buying an additional 1,332 shares in the last quarter. SG Americas Securities LLC purchased a new position in Fox Factory in the second quarter valued at about $111,000. LS Investment Advisors LLC increased its holdings in Fox Factory by 7.5% in the second quarter. LS Investment Advisors LLC now owns 3,990 shares of the company’s stock valued at $142,000 after buying an additional 279 shares in the last quarter. Paradigm Asset Management Co. LLC purchased a new position in Fox Factory in the second quarter valued at about $160,000. Finally, Pinebridge Investments L.P. increased its holdings in Fox Factory by 20.5% in the second quarter. Pinebridge Investments L.P. now owns 4,564 shares of the company’s stock valued at $163,000 after buying an additional 778 shares in the last quarter. 98.07% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP William H. Katherman sold 18,580 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $42.01, for a total transaction of $780,545.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 21.40% of the company’s stock.

A number of research analysts have issued reports on FOXF shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $38.00 target price (up from $32.00) on shares of Fox Factory in a report on Wednesday, August 9th. Zacks Investment Research cut shares of Fox Factory from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. ValuEngine raised shares of Fox Factory from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Bank of America increased their target price on shares of Fox Factory from $39.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, September 21st. Finally, Robert W. Baird reissued a “hold” rating and set a $40.00 price objective on shares of Fox Factory in a research note on Thursday, September 28th. Nine equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.14.

Fox Factory Holding Corp (NASDAQ:FOXF) opened at $39.15 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.41 and a current ratio of 2.48. Fox Factory Holding Corp has a 12 month low of $24.63 and a 12 month high of $46.80. The firm has a market cap of $1,469.77, a P/E ratio of 25.76, a PEG ratio of 1.85 and a beta of 0.62.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.02. Fox Factory had a net margin of 10.76% and a return on equity of 28.25%. The business had revenue of $127.40 million during the quarter, compared to analysts’ expectations of $123.02 million. During the same period last year, the company posted $0.44 EPS. The company’s revenue was up 16.9% on a year-over-year basis. research analysts predict that Fox Factory Holding Corp will post 1.53 earnings per share for the current year.

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About Fox Factory

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.

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

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