Institutional Investors Hate on PGT Inc Falls

PGT Innovations, Inc. (NYSE:PGTI) Logo

Sentiment for PGT Inc (NASDAQ:PGTI)

PGT Inc (NASDAQ:PGTI) institutional sentiment decreased to 0.99 in 2019 Q1. Its down -0.43, from 1.42 in 2018Q4. The ratio turned negative, as 93 investment managers increased and started new equity positions, while 94 decreased and sold their equity positions in PGT Inc. The investment managers in our partner’s database now hold: 48.66 million shares, down from 50.54 million shares in 2018Q4. Also, the number of investment managers holding PGT Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 39 Reduced: 55 Increased: 56 New Position: 37.

PGT Innovations, Inc. manufactures and supplies residential impact-resistant windows and doors in the Southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company has market cap of $826.20 million. The firm offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones. It has a 16.37 P/E ratio. It also provides customizable non-impact-resistant aluminum frame windows and doors; and non-glass vertical and horizontal sliding panels for porch enclosures, including vinyl-glazed aluminum-framed products used for enclosing screened-in porches that provide protection from inclement weather, as well as cabana doors.

The stock increased 0.28% or $0.04 during the last trading session, reaching $14.16. About 214,599 shares traded. PGT Innovations, Inc. (NASDAQ:PGTI) has declined 33.11% since August 15, 2018 and is downtrending. It has underperformed by 33.11% the S&P500.

Spitfire Capital Llc holds 3.94% of its portfolio in PGT Innovations, Inc. for 272,347 shares. Rock Point Advisors Llc owns 273,170 shares or 1.78% of their US portfolio. Moreover, Copper Rock Capital Partners Llc has 1.04% invested in the company for 1.02 million shares. The New York-based Cooper Creek Partners Management Llc has invested 1.02% in the stock. Bbt Capital Management Llc, a Texas-based fund reported 43,193 shares.

Since January 1, 0001, it had 3 insider purchases, and 0 insider sales for $157,440 activity.

PGT Innovations, Inc. (NYSE:PGTI) Ratings Coverage

Ratings analysis reveals 100% of PGT Innovations’s analysts are positive. Out of 4 Wall Street analysts rating PGT Innovations, 4 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $18 while the high is $22. The stock’s average target of $20 is 41.24% above today’s ($14.16) share price. PGTI was included in 10 notes of analysts from February 28, 2019. KeyBanc Capital Markets upgraded the shares of PGTI in report on Monday, March 11 to “Overweight” rating. As per Thursday, February 28, the company rating was maintained by SunTrust. The stock of PGT Innovations, Inc. (NYSE:PGTI) earned “Buy” rating by FBR Capital on Monday, March 11. Dougherty maintained the shares of PGTI in report on Thursday, February 28 with “Buy” rating.

More notable recent PGT Innovations, Inc. (NYSE:PGTI) news were published by: Businesswire.com which released: “PGT Innovations Mobilizes During Hurricane Florence with Emergency Supplies – Business Wire” on October 03, 2018, also Businesswire.com with their article: “PGT Innovations Opens New Connector Building – Business Wire” published on January 30, 2019, Businesswire.com published: “PGT Innovations Showcases Indoor and Outdoor Living at 2019 International Builders Show – Business Wire” on February 12, 2019. More interesting news about PGT Innovations, Inc. (NYSE:PGTI) were released by: Bizjournals.com and their article: “Credit agency says the future looks good for this major Sarasota employer – Tampa Bay Business Journal” published on August 01, 2018 as well as Businesswire.com‘s news article titled: “PGT Innovations Prices Public Offering of Its Common Stock – Business Wire” with publication date: September 13, 2018.

PGT Innovations, Inc. (NYSE:PGTI) Institutional Positions Chart

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