SG Americas Securities LLC Has $2.05 Million Stock Holdings in Daktronics, Inc. $DAKT

SG Americas Securities LLC lifted its holdings in shares of Daktronics, Inc. (NASDAQ:DAKT) by 366.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 97,923 shares of the technology company’s stock after buying an additional 76,940 shares during the period. SG Americas Securities LLC owned about 0.20% of Daktronics worth $2,049,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. boosted its stake in Daktronics by 12.5% in the third quarter. Harbor Capital Advisors Inc. now owns 9,902 shares of the technology company’s stock valued at $207,000 after buying an additional 1,097 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Daktronics during the 3rd quarter valued at approximately $261,000. Osaic Holdings Inc. increased its position in Daktronics by 3.2% during the 2nd quarter. Osaic Holdings Inc. now owns 23,638 shares of the technology company’s stock worth $357,000 after purchasing an additional 728 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Daktronics by 74.5% in the 2nd quarter. Squarepoint Ops LLC now owns 116,413 shares of the technology company’s stock valued at $1,760,000 after purchasing an additional 49,684 shares during the last quarter. Finally, Duquesne Family Office LLC lifted its stake in Daktronics by 0.3% in the 2nd quarter. Duquesne Family Office LLC now owns 3,076,224 shares of the technology company’s stock valued at $46,513,000 after purchasing an additional 8,599 shares during the last quarter. 61.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DAKT. Zacks Research downgraded shares of Daktronics from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Daktronics in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.00.

Daktronics Trading Up 3.3%

Shares of NASDAQ DAKT opened at $21.70 on Thursday. The firm has a 50 day moving average price of $19.11 and a two-hundred day moving average price of $18.64. The stock has a market cap of $1.06 billion, a P/E ratio of 166.94, a price-to-earnings-growth ratio of 0.61 and a beta of 1.72. Daktronics, Inc. has a 52-week low of $10.24 and a 52-week high of $24.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.71 and a current ratio of 2.23.

Daktronics (NASDAQ:DAKT) last issued its quarterly earnings data on Wednesday, December 10th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.08. The company had revenue of $229.25 million for the quarter, compared to analysts’ expectations of $213.93 million. Daktronics had a net margin of 0.96% and a return on equity of 15.42%. During the same quarter in the previous year, the firm posted $0.27 earnings per share. As a group, equities analysts forecast that Daktronics, Inc. will post 0.96 EPS for the current year.

Daktronics Profile

Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.

The company’s primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.