Macquarie Group Ltd. Sells 21,351 Shares of Armstrong Flooring Inc (AFI)

Share on StockTwits

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.

Armstrong Flooring (NYSE:AFI) last issued its earnings results on Tuesday, March 5th. The construction company reported ($0.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.18). Armstrong Flooring had a positive return on equity of 1.78% and a negative net margin of 15.86%. The company had revenue of $153.80 million for the quarter, compared to the consensus estimate of $233.94 million. During the same quarter in the prior year, the company posted ($0.68) EPS. Armstrong Flooring’s revenue was down 3.5% compared to the same quarter last year. Research analysts anticipate that Armstrong Flooring Inc will post 0.28 earnings per share for the current year.

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.

ILLEGAL ACTIVITY WARNING: This piece was first published by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.tickerreport.com/banking-finance/4301226/macquarie-group-ltd-sells-21351-shares-of-armstrong-flooring-inc-afi.html.

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.

Featured Story: How to Profit and Limit Losses With Stop Orders

Want to see what other hedge funds are holding AFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armstrong Flooring Inc (NYSE:AFI).

Institutional Ownership by Quarter for Armstrong Flooring (NYSE:AFI)

Receive News & Ratings for Armstrong Flooring Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong Flooring and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Soarcoin  Hits Market Cap of $1.73 Million
Soarcoin Hits Market Cap of $1.73 Million
Interstellar Holdings  Hits Market Cap of $1.74 Million
Interstellar Holdings Hits Market Cap of $1.74 Million
Brokerages Expect Aquabounty Technologies Inc  Will Announce Quarterly Sales of $250,000.00
Brokerages Expect Aquabounty Technologies Inc Will Announce Quarterly Sales of $250,000.00
Neblio 24 Hour Trading Volume Tops $843,624.00
Neblio 24 Hour Trading Volume Tops $843,624.00
Maker  Market Cap Reaches $680.31 Million
Maker Market Cap Reaches $680.31 Million
Zacks: Liberty Braves Group Series A  Given $43.00 Average Price Target by Brokerages
Zacks: Liberty Braves Group Series A Given $43.00 Average Price Target by Brokerages


© 2006-2019 Ticker Report