Emerald Acquisition Ltd. purchased a new stake in shares of Nortek Inc. (NASDAQ:NTK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,017 shares of the company’s stock, valued at approximately $475,000. Emerald Acquisition Ltd. owned 0.05% of Nortek as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. California State Teachers Retirement System boosted its position in Nortek by 0.8% in the second quarter. California State Teachers Retirement System now owns 20,628 shares of the company’s stock valued at $1,223,000 after buying an additional 157 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Nortek by 37.1% in the second quarter. Bank of New York Mellon Corp now owns 45,541 shares of the company’s stock valued at $2,701,000 after buying an additional 12,333 shares during the last quarter. ING Groep NV purchased a new position in Nortek during the second quarter valued at $13,903,000. American Century Companies Inc. purchased a new position in Nortek during the second quarter valued at $616,000. Finally, Strs Ohio purchased a new position in Nortek during the second quarter valued at $824,000.
Shares of Nortek Inc. (NASDAQ:NTK) remained flat at $85.94 on Wednesday. Nortek Inc. has a 52 week low of $33.85 and a 52 week high of $88.30. The company’s 50-day moving average price is $86.29 and its 200-day moving average price is $58.94.
Nortek (NASDAQ:NTK) last posted its quarterly earnings data on Monday, August 8th. The company reported $1.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.41 by $0.27. The business earned $685.10 million during the quarter, compared to analyst estimates of $715.20 million. On average, equities analysts expect that Nortek Inc. will post $3.19 EPS for the current fiscal year.
Separately, TheStreet upgraded Nortek from a “sell” rating to a “hold” rating in a research report on Monday, July 25th.
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