Millennium Management LLC acquired a new stake in Fox Factory Holding Corp (NASDAQ:FOXF) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,063 shares of the company’s stock, valued at approximately $608,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Kessler Investment Group LLC acquired a new position in Fox Factory in the second quarter valued at approximately $144,000. Amalgamated Bank acquired a new position in Fox Factory in the second quarter valued at approximately $274,000. Hartford Investment Management Co. acquired a new position in Fox Factory in the second quarter valued at approximately $300,000. Xact Kapitalforvaltning AB acquired a new position in Fox Factory in the first quarter valued at approximately $252,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Fox Factory in the second quarter valued at approximately $371,000. Institutional investors and hedge funds own 97.60% of the company’s stock.
FOXF opened at $66.93 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.19 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 1.83 and a beta of 1.22. Fox Factory Holding Corp has a twelve month low of $33.20 and a twelve month high of $73.54.
Several equities analysts recently weighed in on FOXF shares. Bank of America increased their price objective on shares of Fox Factory from $53.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Jefferies Financial Group increased their price objective on shares of Fox Factory from $63.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. BidaskClub lowered shares of Fox Factory from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th. ValuEngine lowered shares of Fox Factory from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Friday, November 2nd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $63.83.
In other Fox Factory news, CEO Larry L. Enterline sold 22,401 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $70.14, for a total value of $1,571,206.14. Following the sale, the chief executive officer now directly owns 60,519 shares in the company, valued at $4,244,802.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Larry L. Enterline sold 90,000 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $68.82, for a total transaction of $6,193,800.00. Following the completion of the sale, the chief executive officer now owns 60,519 shares in the company, valued at $4,164,917.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 164,929 shares of company stock worth $11,255,573. Company insiders own 5.60% of the company’s stock.
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Fox Factory Company Profile
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.
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