Lucus Advisors LLC reduced its stake in shares of Sturm Ruger & Co. (NYSE:RGR) by 26.3% during the second quarter, Holdings Channel reports. The fund owned 5,462 shares of the company’s stock after selling 1,953 shares during the period. Lucus Advisors LLC’s holdings in Sturm Ruger & Co. were worth $350,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of RGR. Contravisory Investment Management Inc. bought a new position in shares of Sturm Ruger & Co. during the second quarter valued at approximately $133,000. Seven Eight Capital LLC bought a new position in shares of Sturm Ruger & Co. during the first quarter valued at approximately $150,000. IFP Advisors Inc increased its position in shares of Sturm Ruger & Co. by 0.8% in the first quarter. IFP Advisors Inc now owns 2,684 shares of the company’s stock valued at $184,000 after buying an additional 21 shares during the last quarter. Capstone Asset Management Co. bought a new position in shares of Sturm Ruger & Co. during the second quarter valued at approximately $200,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Sturm Ruger & Co. during the first quarter valued at approximately $202,000. 70.69% of the stock is owned by institutional investors and hedge funds.
Sturm Ruger & Co. (NYSE:RGR) traded up 1.10% during trading on Friday, hitting $57.76. 165,727 shares of the stock traded hands. The company has a 50-day moving average price of $60.02 and a 200-day moving average price of $64.73. Sturm Ruger & Co. has a 12 month low of $48.10 and a 12 month high of $78.09. The stock has a market cap of $1.10 billion, a PE ratio of 14.68 and a beta of 1.09.
Sturm Ruger & Co. (NYSE:RGR) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.07. Sturm Ruger & Co. had a net margin of 12.35% and a return on equity of 32.40%. The company had revenue of $167.90 million for the quarter, compared to analyst estimates of $164.30 million. Equities research analysts expect that Sturm Ruger & Co. will post $3.78 EPS for the current year.
Several brokerages recently commented on RGR. Zacks Investment Research downgraded shares of Sturm Ruger & Co. from a “hold” rating to a “strong sell” rating in a research note on Friday, June 10th. BB&T Corp. downgraded shares of Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a research note on Monday, June 6th.
About Sturm Ruger & Co.
Sturm, Ruger & Company, Inc and subsidiary, is engaged in the design, manufacture and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols and revolvers to a range of federally licensed, independent wholesale distributors located in the United States.
Want to see what other hedge funds are holding RGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sturm Ruger & Co. (NYSE:RGR).
Receive News & Ratings for Sturm Ruger & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sturm Ruger & Co. and related companies with MarketBeat.com's FREE daily email newsletter.