Emerald Acquisition Ltd. acquired a new stake in shares of Sturm Ruger & Co. (NYSE:RGR) during the second quarter, Holdings Channel reports. The fund acquired 15,084 shares of the company’s stock, valued at approximately $966,000. Emerald Acquisition Ltd. owned about 0.08% of Sturm Ruger & Co. at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its stake in Sturm Ruger & Co. by 31.6% in the first quarter. LPL Financial LLC now owns 19,379 shares of the company’s stock valued at $1,269,000 after buying an additional 4,655 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Sturm Ruger & Co. by 90.1% in the first quarter. Renaissance Technologies LLC now owns 354,700 shares of the company’s stock valued at $24,254,000 after buying an additional 168,100 shares during the last quarter. HBK Investments L P bought a new stake in Sturm Ruger & Co. during the first quarter valued at about $2,106,000. Bogle Investment Management L P DE bought a new stake in Sturm Ruger & Co. during the first quarter valued at about $7,489,000. Finally, UBS Group AG boosted its stake in Sturm Ruger & Co. by 11.5% in the first quarter. UBS Group AG now owns 11,738 shares of the company’s stock valued at $802,000 after buying an additional 1,207 shares during the last quarter. Hedge funds and other institutional investors own 70.69% of the company’s stock.
Sturm Ruger & Co. (NYSE:RGR) traded down 1.58% during midday trading on Tuesday, hitting $55.90. 61,160 shares of the stock traded hands. The firm has a market cap of $1.06 billion, a PE ratio of 14.21 and a beta of 0.90. The company’s 50 day moving average price is $58.57 and its 200 day moving average price is $63.79. Sturm Ruger & Co. has a 12 month low of $48.10 and a 12 month high of $78.09.
Sturm Ruger & Co. (NYSE:RGR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.07. Sturm Ruger & Co. had a return on equity of 32.40% and a net margin of 12.35%. The business had revenue of $167.90 million for the quarter, compared to analyst estimates of $164.30 million. Equities research analysts predict that Sturm Ruger & Co. will post $3.78 earnings per share for the current fiscal year.
Sturm Ruger & Co. Company Profile
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.
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