Avior Wealth Management LLC Has $399,000 Stock Position in Flex Ltd. (NASDAQ:FLEX)

Avior Wealth Management LLC trimmed its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 27.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,944 shares of the technology company’s stock after selling 4,556 shares during the period. Avior Wealth Management LLC’s holdings in Flex were worth $399,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in Flex during the third quarter worth $29,000. Huntington National Bank raised its holdings in shares of Flex by 87.9% during the third quarter. Huntington National Bank now owns 1,024 shares of the technology company’s stock valued at $34,000 after purchasing an additional 479 shares during the period. Kathleen S. Wright Associates Inc. bought a new position in shares of Flex during the 3rd quarter worth about $39,000. Quarry LP bought a new stake in Flex in the 2nd quarter valued at about $43,000. Finally, American Capital Advisory LLC acquired a new position in Flex during the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 94.30% of the company’s stock.

Flex Trading Up 1.9 %

Shares of FLEX stock opened at $41.30 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.43. The company has a market capitalization of $16.02 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 2.37 and a beta of 1.08. Flex Ltd. has a 52-week low of $21.84 and a 52-week high of $41.52. The company has a 50-day simple moving average of $34.89 and a two-hundred day simple moving average of $32.18.

Insider Transactions at Flex

In other Flex news, EVP David Scott Offer sold 10,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $32.95, for a total value of $329,500.00. Following the transaction, the executive vice president now owns 158,094 shares of the company’s stock, valued at approximately $5,209,197.30. The trade was a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles K. Stevens III sold 13,157 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $38.69, for a total value of $509,044.33. Following the sale, the director now directly owns 55,713 shares of the company’s stock, valued at approximately $2,155,535.97. This represents a 19.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,185 shares of company stock worth $1,122,655 in the last 90 days. Insiders own 0.82% of the company’s stock.

Wall Street Analysts Forecast Growth

FLEX has been the subject of a number of research reports. The Goldman Sachs Group set a $39.00 price objective on Flex in a research note on Thursday, October 17th. KeyCorp started coverage on shares of Flex in a research note on Tuesday, October 22nd. They set an “overweight” rating and a $41.00 price target for the company. Craig Hallum raised their price objective on shares of Flex from $39.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. StockNews.com raised shares of Flex from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Finally, Barclays lifted their price target on Flex from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Flex currently has an average rating of “Buy” and an average price target of $40.83.

Flex Company Profile

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.