California State Teachers Retirement System Buys 22 Shares of Arctic Cat Inc. (ACAT)
California State Teachers Retirement System increased its stake in shares of Arctic Cat Inc. (NASDAQ:ACAT) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,467 shares of the company’s stock after buying an additional 22 shares during the period. California State Teachers Retirement System owned about 0.21% of Arctic Cat worth $467,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Kempen Capital Management N.V. boosted its position in Arctic Cat by 77.8% in the first quarter. Kempen Capital Management N.V. now owns 9,883 shares of the company’s stock valued at $166,000 after buying an additional 4,323 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Arctic Cat by 2.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 10,144 shares of the company’s stock valued at $170,000 after buying an additional 277 shares during the period. Nisa Investment Advisors L.L.C. purchased a new stake in shares of Arctic Cat during the first quarter valued at about $412,000. Virginia Retirement System purchased a new stake in shares of Arctic Cat during the first quarter valued at about $487,000. Finally, Prudential Financial Inc. raised its stake in shares of Arctic Cat by 4.1% in the first quarter. Prudential Financial Inc. now owns 30,685 shares of the company’s stock valued at $516,000 after buying an additional 1,200 shares during the period. Institutional investors own 99.61% of the company’s stock.
Arctic Cat Inc. (NASDAQ:ACAT) traded up 0.87% on Monday, reaching $15.09. The company’s stock had a trading volume of 43,046 shares. The company’s market capitalization is $196.88 million. Arctic Cat Inc. has a one year low of $8.90 and a one year high of $25.60. The firm has a 50-day moving average of $14.66 and a 200-day moving average of $15.74.
Arctic Cat (NASDAQ:ACAT) last issued its quarterly earnings results on Friday, July 29th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.36) by $0.45. Arctic Cat had a negative return on equity of 10.63% and a negative net margin of 3.10%. The business earned $104.90 million during the quarter, compared to analysts’ expectations of $117.81 million. During the same quarter in the previous year, the company posted ($0.08) EPS. The company’s quarterly revenue was down 22.0% on a year-over-year basis. Analysts predict that Arctic Cat Inc. will post ($0.92) EPS for the current year.
Several equities research analysts have issued reports on the company. Wunderlich reaffirmed a “sell” rating and set a $13.00 price target (up previously from $10.00) on shares of Arctic Cat in a research note on Tuesday, July 12th. Northcoast Research lowered Arctic Cat from a “buy” rating to a “neutral” rating in a research note on Thursday, June 16th. Zacks Investment Research lowered Arctic Cat from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 3rd. KeyCorp reaffirmed a “buy” rating and set a $22.00 price target on shares of Arctic Cat in a research note on Thursday. Finally, Feltl & Co. lowered Arctic Cat from a “hold” rating to a “sell” rating and set a $12.00 price target for the company. in a research note on Friday, July 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $16.57.
In other Arctic Cat news, Director Andrew S. Duff purchased 5,000 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was acquired at an average price of $14.89 per share, for a total transaction of $74,450.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.70% of the stock is owned by company insiders.
About Arctic Cat
Arctic Cat Inc (Arctic Cat) designs, engineers, manufactures and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs), as well as related parts, garments and accessories (PG&A). The Company offers its products under the Arctic Cat and MotorFist brand names.
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