Arctic Cat Inc. (ACAT) Trading 3.9% Higher
Arctic Cat Inc. (NASDAQ:ACAT) shares traded up 3.9% during mid-day trading on Wednesday . The company traded as high as $14.66 and last traded at $14.62, with a volume of 63,363 shares changing hands. The stock had previously closed at $14.07.
A number of research analysts have issued reports on the stock. Feltl & Co. lowered shares of Arctic Cat from a “hold” rating to a “sell” rating and set a $12.00 target price for the company. in a research note on Friday, July 29th. Wunderlich reissued a “sell” rating and set a $13.00 target price (up from $10.00) on shares of Arctic Cat in a research note on Tuesday, July 12th. Zacks Investment Research raised shares of Arctic Cat from a “strong sell” rating to a “hold” rating in a research note on Monday, July 18th. Northcoast Research lowered shares of Arctic Cat from a “buy” rating to a “neutral” rating in a research note on Thursday, June 16th. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Arctic Cat in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.00.
The company’s 50 day moving average is $14.74 and its 200-day moving average is $15.91. The firm’s market capitalization is $191.27 million.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/arctic-cat-inc-acat-trading-3-9-higher.html
Arctic Cat (NASDAQ:ACAT) last announced its quarterly earnings data on Friday, July 29th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by $0.45. Arctic Cat had a negative net margin of 3.10% and a negative return on equity of 10.63%. The business earned $104.90 million during the quarter, compared to analyst estimates of $117.81 million. During the same quarter in the prior year, the company posted ($0.08) EPS. The company’s quarterly revenue was down 22.0% compared to the same quarter last year. On average, equities research analysts predict that Arctic Cat Inc. will post ($0.92) EPS for the current year.
In other Arctic Cat news, Director Andrew S. Duff acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was bought at an average price of $14.89 per share, for a total transaction of $74,450.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. Kempen Capital Management N.V. boosted its position in shares of Arctic Cat by 77.8% in the first quarter. Kempen Capital Management N.V. now owns 9,883 shares of the company’s stock worth $166,000 after buying an additional 4,323 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Arctic Cat by 2.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 10,144 shares of the company’s stock worth $170,000 after buying an additional 277 shares during the period. Teachers Advisors Inc. boosted its stake in shares of Arctic Cat by 7.5% in the second quarter. Teachers Advisors Inc. now owns 19,928 shares of the company’s stock worth $339,000 after buying an additional 1,395 shares during the period. Rhumbline Advisers boosted its stake in shares of Arctic Cat by 2.3% in the second quarter. Rhumbline Advisers now owns 20,534 shares of the company’s stock worth $349,000 after buying an additional 468 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Arctic Cat by 19.6% in the second quarter. US Bancorp DE now owns 22,388 shares of the company’s stock worth $381,000 after buying an additional 3,673 shares during the period. Institutional investors own 99.61% of the company’s stock.
Arctic Cat Company Profile
Arctic Cat Inc (Arctic Cat) designs, engineers, manufactures and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs), as well as related parts, garments and accessories (PG&A). The Company offers its products under the Arctic Cat and MotorFist brand names.
Receive News & Ratings for Arctic Cat Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arctic Cat Inc. and related companies with MarketBeat.com's FREE daily email newsletter.