US Bancorp DE decreased its holdings of Broadwind, Inc. (NASDAQ: BWEN) shares by 14.9% during the third quarter, as stated in the most recent 13F filing that the company submitted to the SEC.
After the period’s conclusion, the corporation had 127,130 shares of the stock issued by the industrial goods company in its possession. The sale of 22,210 shares occurred during this period. US Bancorp DE had approximately 0.62% of Broad wind’s shares, worth $384,000 at the end of the most recent fiscal quarter.
In addition, several institutional investors have recently adjusted the percentage of the company’s stock in their respective portfolios.
In the first three months of 2018, Jane Street Group LLC invested approximately $31,000 in Broadwind to increase its holdings in the company.
About $38,000 was spent during the second quarter to bring Virtu Financial LLC’s ownership of Broadwind to a higher level. This was accomplished by purchasing additional shares.
Millennium Management LLC contributed approximately $46,000 during the second quarter to increase its ownership in Broadwind by increasing its stake in the company. Raymond James Financial Services Advisors Inc.
Increased its ownership stake in Broadwind by investing approximately 137 thousand dollars in the company during the third quarter.
And finally, compared to the previous quarter, Essex Investment Management Co.
LLC’s ownership of Broadwind saw a 14.4% increase during the second quarter. Over the last three months, Essex Investment Management Co.
LLC has purchased an additional 49,474 shares in the industrial products company.
As a result of this purchase, the firm now owns 394,217 shares in the company, which have a value of $647,000. To the extent of 24.49% of the company’s shares, hedge funds and other institutional investors are the owners of these shares.
When trading started on Tuesday, one share of BWEN was going for a price of $5.92 per share. The current ratio is 1.22, the quick ratio is 0.53, and the debt-to-equity ratio is 0.23. These three ratios are all in the same ballpark.
It has been reported that the company has a market capitalization of $122.38 million, its price-to-earnings ratio is -10.76, and its beta value is 0.88.
All of these figures were derived from published reports. The company’s moving average price over the past 50 days is $2.43, and the company’s moving average price over the last 200 days is $2.42. One year ago, Broadwind, Inc.
Achieved an all-time high price of $6.05 per share.
A year ago, the corporation’s price reached its all-time low of $1.46.
On Tuesday, November 8th, Broadwind (NASDAQ: BWEN) released its most recent quarterly earnings report. This report was for the period ending September 30th. The industrial goods manufacturer reported a loss of $0.09 in earnings per share for the quarter, which was $0.02 less than the estimated $0.07 that analysts made as a consensus.
Despite this, the actual revenue for the quarter was only $44.84 million, even though analysts predicted it would be $49.61 million.
Both the return on equity and the net margin for the company were negative for Broadwind. The return on equity was -21.49%, and the net margin was -6.74%.
Analysts working on the market’s sell-side forecast Broadwind, Inc. will report a loss of 0.49 cents per share for the current fiscal year.
In recent times, commentary regarding the BWEN stock has been provided by several different analysts. On January 13th, the recommendation of “hold” placed on Broadwind by StockNews.com was changed to a rating of “sell.” Broadwind’s price objective was increased by Craig Hallum from $4.00 to $9.00 in a research note published on January 12th. He also maintained his “buy” rating on the company’s stock.
Broadwind was moved from a “neutral” rating to a “buy” rating by HC Wainwright in a research note published on Tuesday, January 17th.
Additionally, HC Wainwright established a price objective of $12.00 for the company. This was the firm’s final move, but it was certainly not its least important one. Three research experts have recommended that investors purchase the stock, while one analyst has suggested that they dispose of their holdings in the stock.
According to Bloomberg, the current average rating for Broadwind is “Moderate Buy,” and the price objective for the company has been settled at $10.50.
Additionally, Bloomberg reports that the price target for the company has been established.
Broadwind, Inc.
Is the company that is in charge of the production of a variety of structures, pieces of machinery, and other components that are intended for use in clean technology and other specialized applications. Heavy fabrications, gearing, and industrial solutions are the three primary facets of the company’s business operations. The Heavy Fabrications company serves customers in various industrial sectors and provides a wide range of services to its customers.
Source: news.google.com
