Falcon Point Capital buys $17,171,340 stake in Apogee Enterprises Inc (APOG)

Apogee Enterprises Inc (APOG) : Falcon Point Capital scooped up 7,522 additional shares in Apogee Enterprises Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 357,364 shares of Apogee Enterprises Inc which is valued at $17,171,340.Apogee Enterprises Inc makes up approximately 2.88% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , Candriam Luxembourg S.c.a. sold out all of its stake in APOG during the most recent quarter. The investment firm sold 20,800 shares of APOG which is valued $999,440.Louisiana State Employees Retirement System reduced its stake in APOG by selling 100 shares or 0.78% in the most recent quarter. The Hedge Fund company now holds 12,700 shares of APOG which is valued at $610,235. Apogee Enterprises Inc makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio. Stoneridge Investment Partners sold out all of its stake in APOG during the most recent quarter. The investment firm sold 24,024 shares of APOG which is valued $1,154,353.Simplex Trading boosted its stake in APOG in the latest quarter, The investment management firm added 1,369 additional shares and now holds a total of 2,037 shares of Apogee Enterprises Inc which is valued at $97,593. Apogee Enterprises Inc makes up approx 0.01% of Simplex Trading’s portfolio.Nisa Investment Advisors boosted its stake in APOG in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 5,350 shares of Apogee Enterprises Inc which is valued at $256,319.

Apogee Enterprises Inc closed down -1.02 points or -2.14% at $46.75 with 3,94,676 shares getting traded on Friday. Post opening the session at $47.68, the shares hit an intraday low of $46.72 and an intraday high of $47.68 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Apogee Enterprises Inc reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jun 22, 2016. Analyst had a consensus of $0.49. The company had revenue of $247.88 million for the quarter, compared to analysts expectations of $247.18 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on Apogee Enterprises Inc. Apogee Enterprises Inc was Downgraded by Goldman to ” Neutral” on Jul 12, 2016.

Apogee Enterprises Inc. is engaged in the design and development of value-added glass solutions for enclosing commercial buildings and framing art. The Company operates in four segments: Architectural Glass Architectural Services Architectural Framing Systems and Large-Scale Optical Technologies. The Architectural Glass segment fabricates glass used in customized window and curtainwall systems comprising the outside skin of buildings. The Architectural Services segment primarily installs and renovates customized aluminum and glass window and curtainwall systems comprising the outside skin of buildings. The Architectural Framing Systems segment designs engineers and fabricates the aluminum frames used in customized aluminum and glass window curtainwall storefront and entrance systems comprising the outside skin and entrances of buildings. Large-Scale Optical Technologies segment manufactures value-added glass and acrylic products primarily for the custom picture framing market.

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