Cooper Creek Partners Management adds PGT (PGTI) to its portfolio

PGT (PGTI) : Cooper Creek Partners Management added new position in PGT during the most recent quarter end. The investment management firm now holds 809,339 shares of PGT which is valued at $9,145,531 , the company said in a statement filed on Aug 15, 2016 with the SEC.PGT makes up approximately 5.54% of Cooper Creek Partners Management’s portfolio.

Other Hedge Funds, Including , Putnam Investments reduced its stake in PGTI by selling 247,125 shares or 35.76% in the most recent quarter. The Hedge Fund company now holds 443,951 shares of PGTI which is valued at $5,016,646. PGT makes up approx 0.01% of Putnam Investments’s portfolio.Allianz Asset Management Ag reduced its stake in PGTI by selling 1,641 shares or 0.95% in the most recent quarter. The Hedge Fund company now holds 171,805 shares of PGTI which is valued at $1,941,397.King Luther Capital Management Corp reduced its stake in PGTI by selling 53,330 shares or 4.94% in the most recent quarter. The Hedge Fund company now holds 1,026,840 shares of PGTI which is valued at $11,603,292. PGT makes up approx 0.11% of King Luther Capital Management Corp’s portfolio.Blackrock Fund Advisors reduced its stake in PGTI by selling 87,861 shares or 2.11% in the most recent quarter. The Hedge Fund company now holds 4,073,317 shares of PGTI which is valued at $46,028,482. PGT makes up approx 0.01% of Blackrock Fund Advisors’s portfolio.

PGT (PGTI) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $11.97 and reached the intraday high at $11.99. The bulls started the profit booking and pushed the shares to intraday low of $11.79. The trading session was marked by a volume range of 3,23,449 shares exchanging hands. The 52-week high of the shares is $14.05 and the 52-week low is $8.685. The market cap of the company stands at $583 M and there are 4,89,45,966 shares in public circulation.

On the company’s financial health, PGT reported $0.15 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.15. The company had revenue of $119.00 million for the quarter, compared to analysts expectations of $124.48 million. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Many Wall Street Analysts have commented on PGT. FBR Capital Initiated PGT on Jun 1, 2016 to “Outperform”, Price Target of the shares are set at $14.50.

PGT Inc. is a manufacturer and supplier of residential impact-resistant windows and doors. The Company’s impact-resistant products are marketed under WinGuard PremierVue PGT Architectural Systems and PGT Commercial Storefront System brand names combine heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris by maintaining their structural integrity and preventing penetration by impacting objects. The Company also manufactures non-impact resistant products in both aluminum and vinyl frames including its SpectraGuard line of products. The Company conducts business in the Southeastern United States Gulf Coast Coastal mid-Atlantic the Caribbean Central America and Canada.

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