Swiss National Bank maintained its stake in Nortek Inc. (NASDAQ:NTK) during the second quarter, Holdings Channel reports. The institutional investor owned 15,911 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned about 0.10% of Nortek worth $944,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of NTK. Legal & General Group Plc boosted its stake in shares of Nortek by 23.5% in the first quarter. Legal & General Group Plc now owns 2,378 shares of the company’s stock worth $114,000 after buying an additional 453 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Nortek during the first quarter worth about $201,000. Acadian Asset Management LLC acquired a new stake in shares of Nortek during the second quarter worth about $212,000. Menta Capital LLC boosted its stake in shares of Nortek by 5.2% in the first quarter. Menta Capital LLC now owns 5,083 shares of the company’s stock worth $245,000 after buying an additional 250 shares during the last quarter. Finally, Allen Investment Management LLC boosted its stake in shares of Nortek by 3.9% in the first quarter. Allen Investment Management LLC now owns 12,673 shares of the company’s stock worth $612,000 after buying an additional 478 shares during the last quarter.
Shares of Nortek Inc. (NASDAQ:NTK) remained flat at $85.94 during midday trading on Thursday. The firm’s 50-day moving average is $86.29 and its 200 day moving average is $58.94. Nortek Inc. has a 52-week low of $33.85 and a 52-week high of $88.30.
Nortek (NASDAQ:NTK) last posted its quarterly earnings results on Monday, August 8th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.41 by $0.27. The firm had revenue of $685.10 million for the quarter, compared to analysts’ expectations of $715.20 million. Equities analysts forecast that Nortek Inc. will post $3.19 earnings per share for the current fiscal year.
Separately, TheStreet raised shares of Nortek from a “sell” rating to a “hold” rating in a report on Monday, July 25th.
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