Argan, Inc. (AGX) Position Trimmed by Emancipation Management LLC

Emancipation Management LLC lowered its position in Argan, Inc. (NYSE:AGX) by 42.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 54,804 shares of the construction company’s stock after selling 40,375 shares during the quarter. Argan makes up 7.4% of Emancipation Management LLC’s investment portfolio, making the stock its 4th biggest position. Emancipation Management LLC’s holdings in Argan were worth $2,074,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in Argan by 20.1% in the 4th quarter. Legal & General Group Plc now owns 2,663 shares of the construction company’s stock worth $100,000 after buying an additional 446 shares in the last quarter. Palo Capital Inc. lifted its holdings in Argan by 0.9% in the 3rd quarter. Palo Capital Inc. now owns 58,193 shares of the construction company’s stock worth $2,502,000 after buying an additional 534 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Argan by 5.3% in the 4th quarter. California Public Employees Retirement System now owns 15,374 shares of the construction company’s stock valued at $582,000 after purchasing an additional 775 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Argan by 2.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 51,641 shares of the construction company’s stock valued at $2,220,000 after purchasing an additional 1,208 shares in the last quarter. Finally, Investment Management of Virginia LLC raised its stake in Argan by 0.7% during the fourth quarter. Investment Management of Virginia LLC now owns 175,753 shares of the construction company’s stock worth $6,651,000 after acquiring an additional 1,261 shares during the period. Hedge funds and other institutional investors own 84.94% of the company’s stock.

AGX opened at $48.11 on Monday. The stock has a market cap of $749.11 million, a P/E ratio of 12.18 and a beta of 0.95. Argan, Inc. has a fifty-two week low of $34.90 and a fifty-two week high of $50.00.

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Argan Company Profile

Argan, Inc, through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, development, technical, and consulting services to the power generation and renewable energy markets. The company's Power Industry Services segment offers engineering, procurement, and construction contracting services to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, project management, start-up, and operation services for 44 projects with approximately 15,000 megawatts of power-generating capacity.

See Also: Exchange-Traded Funds (ETFs)

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Institutional Ownership by Quarter for Argan (NYSE:AGX)

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