Sei Investments Co. Grows Stock Position in PGT Innovations, Inc. (NYSE:PGTI)

Sei Investments Co. lifted its stake in shares of PGT Innovations, Inc. (NYSE:PGTI) by 35.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 48,122 shares of the construction company’s stock after buying an additional 12,500 shares during the quarter. Sei Investments Co.’s holdings in PGT Innovations were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in PGT Innovations by 10.2% in the first quarter. Victory Capital Management Inc. now owns 103,997 shares of the construction company’s stock worth $2,626,000 after acquiring an additional 9,611 shares in the last quarter. Rhumbline Advisers raised its position in PGT Innovations by 1.8% in the first quarter. Rhumbline Advisers now owns 184,792 shares of the construction company’s stock worth $4,666,000 after acquiring an additional 3,304 shares in the last quarter. Swiss National Bank raised its position in PGT Innovations by 0.9% in the first quarter. Swiss National Bank now owns 134,800 shares of the construction company’s stock worth $3,404,000 after acquiring an additional 1,200 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in PGT Innovations by 124.2% in the first quarter. BNP Paribas Arbitrage SA now owns 25,251 shares of the construction company’s stock worth $638,000 after acquiring an additional 13,988 shares in the last quarter. Finally, BlackRock Inc. raised its position in PGT Innovations by 4.3% in the first quarter. BlackRock Inc. now owns 9,591,100 shares of the construction company’s stock worth $242,176,000 after acquiring an additional 398,653 shares in the last quarter. Institutional investors and hedge funds own 86.63% of the company’s stock.

NYSE:PGTI opened at $19.36 on Tuesday. The stock has a fifty day moving average price of $21.45 and a two-hundred day moving average price of $23.57. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 24.82 and a beta of 1.46. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.99 and a current ratio of 2.56. PGT Innovations, Inc. has a 1 year low of $16.09 and a 1 year high of $28.11.

PGT Innovations (NYSE:PGTI) last posted its earnings results on Thursday, August 12th. The construction company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.13). The firm had revenue of $285.50 million during the quarter, compared to analyst estimates of $281.83 million. PGT Innovations had a net margin of 4.90% and a return on equity of 11.18%. On average, analysts predict that PGT Innovations, Inc. will post 1.03 EPS for the current year.

Separately, Zacks Investment Research cut PGT Innovations from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 18th.

In other PGT Innovations news, Director Rodney Hershberger sold 1,100 shares of the company’s stock in a transaction on Friday, July 2nd. The stock was sold at an average price of $23.08, for a total value of $25,388.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 4,400 shares of company stock worth $98,626 in the last three months. 4.20% of the stock is owned by corporate insiders.

About PGT Innovations

PGT Innovations, Inc engages in the manufacture and supply of windows and doors under the brand name PGT Custom Windows + Doors; CGI; WinDoor; Western Window Systems; Eze-Breeze; and CGI Commercial. It operates through the Southeast and Western geographical segments. The company was founded by Rodney Hershberger in 1980 and is headquartered in Nokomis, FL.

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Institutional Ownership by Quarter for PGT Innovations (NYSE:PGTI)

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