American International Group Inc. cut its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 20.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,772 shares of the company’s stock after selling 3,632 shares during the period. American International Group Inc.’s holdings in Fox Factory Holding Corp. were worth $395,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Fox Factory Holding Corp. by 57.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,522,203 shares of the company’s stock valued at $158,487,000 after buying an additional 2,005,628 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of Fox Factory Holding Corp. by 14.2% in the first quarter. Conestoga Capital Advisors LLC now owns 1,483,861 shares of the company’s stock valued at $42,587,000 after buying an additional 184,991 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Fox Factory Holding Corp. by 4.9% in the first quarter. Wells Fargo & Company MN now owns 1,479,874 shares of the company’s stock valued at $42,473,000 after buying an additional 69,635 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of Fox Factory Holding Corp. by 17.0% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,397,730 shares of the company’s stock valued at $40,114,000 after buying an additional 203,425 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Fox Factory Holding Corp. by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,278,943 shares of the company’s stock valued at $35,491,000 after buying an additional 31,772 shares during the last quarter. Institutional investors own 95.70% of the company’s stock.

Fox Factory Holding Corp. (NASDAQ FOXF) opened at 36.80 on Tuesday. Fox Factory Holding Corp. has a one year low of $18.00 and a one year high of $38.40. The stock has a market capitalization of $1.37 billion, a PE ratio of 32.86 and a beta of 0.67. The company’s 50-day moving average price is $32.94 and its 200-day moving average price is $29.01.

Fox Factory Holding Corp. (NASDAQ:FOXF) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.08. Fox Factory Holding Corp. had a return on equity of 30.07% and a net margin of 10.01%. The firm had revenue of $106.33 million during the quarter, compared to the consensus estimate of $97.31 million. Equities research analysts predict that Fox Factory Holding Corp. will post $1.44 EPS for the current year.

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A number of equities analysts have recently weighed in on the company. Zacks Investment Research cut Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub upgraded Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 29th. CL King cut Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, June 1st. Bank of America Corporation cut Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $38.00 price target for the company. in a report on Wednesday, July 12th. They noted that the move was a valuation call. Finally, ValuEngine upgraded Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $31.71.

In other Fox Factory Holding Corp. news, insider Wesley E. Allinger sold 17,418 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $32.88, for a total transaction of $572,703.84. Following the completion of the sale, the insider now owns 29,419 shares of the company’s stock, valued at $967,296.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Zvi Glasman sold 6,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $31.99, for a total value of $191,940.00. Following the sale, the chief financial officer now directly owns 62,100 shares of the company’s stock, valued at approximately $1,986,579. The disclosure for this sale can be found here. In the last three months, insiders have sold 216,170 shares of company stock valued at $7,020,981. 21.40% of the stock is owned by company insiders.

Fox Factory Holding Corp. Company Profile

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.

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

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