Insider Buying: Coliseum Capital Management, L Acquires 53,631 Shares of Accuride Corp. Stock (ACW)
Accuride Corp. (NYSE:ACW) major shareholder Coliseum Capital Management, L bought 53,631 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were purchased at an average cost of $5.06 per share, for a total transaction of $271,372.86. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Accuride Corp. (NYSE:ACW) traded down 2.70% during mid-day trading on Wednesday, hitting $5.04. The stock had a trading volume of 210,928 shares. 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 $5.28. The company’s market cap is $239.5 million.
Accuride Corp. (NYSE:ACW) last issued its quarterly earnings data 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 in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was down 21.4% on a year-over-year basis. On average, analysts predict that Accuride Corp. will post $-0.63 earnings per share for the current fiscal year.
Accuride Corporation is a manufacturer and supplier of commercial vehicle components in North America.
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