Strategic Wealth Advisors Group LLC acquired a new stake in Zagg Inc (NASDAQ:ZAGG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 43,968 shares of the specialty retailer’s stock, valued at approximately $760,000. Strategic Wealth Advisors Group LLC owned 0.16% of Zagg as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp lifted its position in shares of Zagg by 1.6% during the 1st quarter. Northern Trust Corp now owns 375,910 shares of the specialty retailer’s stock worth $4,586,000 after buying an additional 5,830 shares during the last quarter. Strs Ohio lifted its position in shares of Zagg by 15.4% during the 2nd quarter. Strs Ohio now owns 45,800 shares of the specialty retailer’s stock worth $792,000 after buying an additional 6,100 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Zagg by 1.8% during the 1st quarter. Baird Financial Group Inc. now owns 478,536 shares of the specialty retailer’s stock worth $5,838,000 after buying an additional 8,673 shares during the last quarter. Reliance Trust Co. of Delaware acquired a new position in shares of Zagg in the 2nd quarter valued at $180,000. Finally, US Bancorp DE acquired a new position in shares of Zagg in the 1st quarter valued at $156,000. 85.69% of the stock is owned by institutional investors and hedge funds.
ZAGG has been the topic of a number of recent research reports. BidaskClub cut shares of Zagg from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. ValuEngine cut shares of Zagg from a “hold” rating to a “sell” rating in a report on Monday, September 24th. Finally, B. Riley lifted their target price on shares of Zagg from $16.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $19.43.
In other Zagg news, President Brian Stech sold 10,000 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $14.67, for a total transaction of $146,700.00. Following the sale, the president now directly owns 198,864 shares in the company, valued at approximately $2,917,334.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.80% of the stock is currently owned by insiders.
ZAGG traded down $0.05 during trading on Friday, hitting $13.29. The stock had a trading volume of 265,395 shares, compared to its average volume of 450,784. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.02 and a current ratio of 1.66. The stock has a market capitalization of $415.34 million, a P/E ratio of 13.70, a P/E/G ratio of 1.41 and a beta of 1.49. Zagg Inc has a twelve month low of $10.90 and a twelve month high of $23.70.
Zagg (NASDAQ:ZAGG) last issued its earnings results on Tuesday, July 31st. The specialty retailer reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06). The company had revenue of $118.57 million for the quarter, compared to analysts’ expectations of $116.44 million. Zagg had a return on equity of 30.17% and a net margin of 5.18%. Sell-side analysts predict that Zagg Inc will post 1.39 EPS for the current year.
ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally. It operates in ZAGG and mophie segments. The company offers screen protection products; battery cases and power management products for tablets, smartphones, MP3 players, cameras, and other electronic mobile devices; device specific keyboards and device agnostic keyboards; and earbuds, headphones, wireless charging products, Bluetooth speakers, and cables under the ZAGG, InvisibleShield, IFROGZ, and mophie brands.
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