Accuride major shareholder Sells $642,605 in Stock (ACW)
Accuride (NYSE:ACW) major shareholder Coliseum Capital Management, L sold 126,997 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $5.06, for a total transaction of $642,604.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.
A number of research firms have recently commented on ACW. 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.
Shares of Accuride (NYSE:ACW) traded down 1.00% during mid-day trading on Thursday, hitting $4.96. 9,140 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 has a 50-day moving average of $5.01 and a 200-day moving average of $4.85. The company’s market cap is $236.7 million.
Accuride (NYSE:ACW) last announced its earnings results on Monday, July 28th. The company reported $0.11 earnings per share 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 last year, the company posted ($0.11) earnings per share. Accuride’s revenue was up .9% compared to the same quarter last year. Analysts expect that Accuride will post $-0.01 EPS for the current fiscal year.
Accuride Corporation is a manufacturer and supplier of commercial vehicle components in North America.
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