Alta Fox Capital Management LLC Has $73.81 Million Stock Position in Daktronics, Inc. $DAKT

Alta Fox Capital Management LLC decreased its holdings in Daktronics, Inc. (NASDAQ:DAKT) by 15.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,733,199 shares of the technology company’s stock after selling 697,600 shares during the quarter. Daktronics accounts for approximately 15.9% of Alta Fox Capital Management LLC’s holdings, making the stock its 2nd largest position. Alta Fox Capital Management LLC owned approximately 7.66% of Daktronics worth $73,805,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Daktronics by 0.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,856 shares of the technology company’s stock valued at $1,440,000 after buying an additional 519 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Daktronics by 7.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,601 shares of the technology company’s stock valued at $210,000 after buying an additional 707 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Daktronics by 3.2% during the second quarter. Osaic Holdings Inc. now owns 23,638 shares of the technology company’s stock valued at $357,000 after buying an additional 728 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Daktronics by 5.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 13,195 shares of the technology company’s stock valued at $261,000 after buying an additional 730 shares in the last quarter. Finally, Verition Fund Management LLC boosted its stake in Daktronics by 3.3% during the third quarter. Verition Fund Management LLC now owns 27,983 shares of the technology company’s stock valued at $585,000 after buying an additional 898 shares in the last quarter. Institutional investors own 61.69% of the company’s stock.

Analyst Ratings Changes

DAKT has been the subject of several research reports. Roth Mkm initiated coverage on Daktronics in a research note on Wednesday. They set a “buy” rating and a $26.00 target price for the company. Wall Street Zen raised Daktronics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Zacks Research cut Daktronics from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. Finally, Weiss Ratings cut Daktronics from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $26.00.

Daktronics Trading Down 2.9%

Shares of NASDAQ DAKT opened at $20.30 on Friday. Daktronics, Inc. has a 12 month low of $13.30 and a 12 month high of $28.27. The company has a market cap of $980.49 million, a price-to-earnings ratio of 36.91, a P/E/G ratio of 0.56 and a beta of 1.66. The company has a quick ratio of 1.68, a current ratio of 2.22 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $19.77 and a 200-day simple moving average of $20.96.

Daktronics Profile

Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.

The company’s primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.