Accuride Corp. Major Shareholder Buys $2,138,722 in Stock (ACW)
Accuride Corp. (NYSE:ACW) major shareholder Coliseum Capital Management, L purchased 414,481 shares of the stock in a transaction dated Friday, September 27th. The shares were purchased at an average cost of $5.16 per share, for a total transaction of $2,138,721.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Accuride Corp. (NYSE:ACW) opened at 5.15 on Monday. Accuride Corp. has a one year low of $2.21 and a one year high of $6.88. The stock has a 50-day moving average of $5.2 and a 200-day moving average of $5.27. The company’s market cap is $244.7 million.
Accuride Corp. (NYSE:ACW) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.11) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.14) by $0.03. The company had revenue of $211.30 million for the quarter, compared to the consensus estimate of $200.32 million. During the same quarter last year, the company posted ($0.02) earnings per share. Accuride Corp.’s revenue was down 21.4% compared to the same quarter last year. Analysts expect that Accuride Corp. will post $-0.63 EPS for the current fiscal year.
Accuride Corporation is a manufacturer and supplier of commercial vehicle components in North America.
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