Insider Selling: Accuride major shareholder Sells 126,997 Shares of Stock (ACW)
Accuride (NYSE:ACW) major shareholder Coliseum Capital Management, L sold 126,997 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $5.06, for a total transaction of $642,604.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Accuride (NYSE:ACW) remained flat at $5.05 during trading on Tuesday. 106,734 shares of the company’s stock traded hands. Accuride has a one year low of $3.10 and a one year high of $5.91. The stock’s 50-day moving average is $5.01 and its 200-day moving average is $4.85. The company’s market cap is $241.0 million.
Accuride (NYSE:ACW) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.11 EPS for the quarter. The company had revenue of $181.60 million for the quarter, compared to the consensus estimate of $180.93 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Analysts expect that Accuride will post $-0.01 EPS for the current fiscal year.
ACW has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Accuride from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 31st. They now have a $5.90 price target on the stock. Analysts at B. Riley reiterated a “neutral” rating on shares of Accuride in a research note on Wednesday, July 30th. They now have a $4.50 price target on the stock, up previously from $4.00.
Accuride Corporation is a manufacturer and supplier of commercial vehicle components in North America.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.