Fenix Parts Inc. (NASDAQ:FENX) was downgraded by analysts at Roth Capital from a “buy” rating to a “neutral” rating in a note issued to investors on Friday.
FENX has been the topic of a number of other reports. Zacks Investment Research downgraded Fenix Parts from a “hold” rating to a “sell” rating in a research report on Tuesday, August 23rd. BMO Capital Markets reiterated an “outperform” rating and set a $7.00 target price (down from $8.00) on shares of Fenix Parts in a research report on Tuesday, July 5th.
Fenix Parts (NASDAQ:FENX) opened at 3.35 on Friday. Fenix Parts has a 52-week low of $2.94 and a 52-week high of $8.50. The company’s market capitalization is $66.86 million. The stock’s 50 day moving average price is $4.04 and its 200-day moving average price is $4.20.
Several hedge funds have recently modified their holdings of the stock. Paloma Partners Management Co bought a new stake in shares of Fenix Parts during the second quarter valued at about $215,000. Geode Capital Management LLC increased its stake in shares of Fenix Parts by 6.7% in the first quarter. Geode Capital Management LLC now owns 83,793 shares of the company’s stock valued at $385,000 after buying an additional 5,234 shares in the last quarter. State Street Corp increased its stake in shares of Fenix Parts by 9.3% in the first quarter. State Street Corp now owns 134,502 shares of the company’s stock valued at $618,000 after buying an additional 11,404 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Fenix Parts by 0.5% in the second quarter. HighTower Advisors LLC now owns 293,831 shares of the company’s stock valued at $1,155,000 after buying an additional 1,604 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Fenix Parts by 8.5% in the second quarter. Vanguard Group Inc. now owns 645,328 shares of the company’s stock valued at $2,536,000 after buying an additional 50,638 shares in the last quarter. Institutional investors and hedge funds own 58.62% of the company’s stock.
Fenix Parts Company Profile
Fenix Parts, Inc is engaged in auto recycling business. The Company recovers and resells original equipment manufacturer (OEM) parts, components and systems, such as engines, transmissions, radiators, trunks, lamps and seats reclaimed from damaged, totaled or low value vehicles. The Company operates through Automobile Recycling segment.
Receive News & Ratings for Fenix Parts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fenix Parts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.