Macquarie Group Ltd. trimmed its holdings in shares of Armstrong Flooring Inc (NYSE:AFI) by 73.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,681 shares of the construction company’s stock after selling 21,351 shares during the quarter. Macquarie Group Ltd.’s holdings in Armstrong Flooring were worth $91,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantamental Technologies LLC bought a new position in shares of Armstrong Flooring in the fourth quarter worth approximately $25,000. Csenge Advisory Group bought a new position in shares of Armstrong Flooring in the third quarter worth approximately $41,000. Legal & General Group Plc boosted its position in shares of Armstrong Flooring by 23.8% in the fourth quarter. Legal & General Group Plc now owns 3,865 shares of the construction company’s stock worth $46,000 after purchasing an additional 742 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Armstrong Flooring by 683.4% in the third quarter. Tower Research Capital LLC TRC now owns 5,868 shares of the construction company’s stock worth $106,000 after purchasing an additional 5,119 shares during the period. Finally, ClariVest Asset Management LLC bought a new position in shares of Armstrong Flooring in the fourth quarter worth approximately $76,000. Institutional investors own 98.20% of the company’s stock.
Shares of NYSE:AFI opened at $14.85 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 1.36. Armstrong Flooring Inc has a fifty-two week low of $11.39 and a fifty-two week high of $20.46. The firm has a market cap of $378.75 million, a P/E ratio of 67.50, a P/E/G ratio of 2.73 and a beta of 2.26.
A number of equities analysts have weighed in on AFI shares. Nomura set a $14.00 price target on shares of Armstrong Flooring and gave the stock a “hold” rating in a research report on Monday, January 14th. Zacks Investment Research upgraded shares of Armstrong Flooring from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Friday, January 11th. Finally, Zelman & Associates upgraded shares of Armstrong Flooring from a “sell” rating to a “hold” rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $17.60.
About Armstrong Flooring
Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells resilient flooring products for use primarily in the construction and renovation of commercial, residential, and institutional buildings in North America and the Pacific Rim. The company sells its products to independent wholesale flooring distributors, retailers, builders, contractors, installers, property management firms, homeowners, and others.
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