Rutabaga Capital Managementma Lowers stake in Ply Gem Holdings Inc (PGEM)

Ply Gem Holdings Inc (PGEM) : Rutabaga Capital Managementma reduced its stake in Ply Gem Holdings Inc by 23.7% during the most recent quarter end. The investment management company now holds a total of 1,550,227 shares of Ply Gem Holdings Inc which is valued at $21.9 Million after selling 481,502 shares in Ply Gem Holdings Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Ply Gem Holdings Inc makes up approximately 3.68% of Rutabaga Capital Managementma’s portfolio.

Other Hedge Funds, Including , Bogle Investment Management L P De added PGEM to its portfolio by purchasing 72,990 company shares during the most recent quarter which is valued at $1 Million. Ply Gem Holdings Inc makes up approx 0.07% of Bogle Investment Management L P De’s portfolio.Blackrock Advisors boosted its stake in PGEM in the latest quarter, The investment management firm added 619 additional shares and now holds a total of 9,980 shares of Ply Gem Holdings Inc which is valued at $140,918. Spot Trading L.l.c sold out all of its stake in PGEM during the most recent quarter. The investment firm sold 3,325 shares of PGEM which is valued $46,949.Rhumbline Advisers boosted its stake in PGEM in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 20,837 shares of Ply Gem Holdings Inc which is valued at $308,596. Campbell Co Investment Adviser added PGEM to its portfolio by purchasing 13,128 company shares during the most recent quarter which is valued at $194,426. Ply Gem Holdings Inc makes up approx 0.71% of Campbell Co Investment Adviser’s portfolio.

Ply Gem Holdings Inc opened for trading at $14.6 and hit $14.845 on the upside on Wednesday, eventually ending the session at $14.74, with a gain of 1.73% or 0.25 points. The heightened volatility saw the trading volume jump to 2,15,628 shares. Company has a market cap of $1,004 M.

On the company’s financial health, Ply Gem Holdings Inc reported $-0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 9, 2016. Analyst had a consensus of $-0.25. The company had revenue of $408.60 million for the quarter, compared to analysts expectations of $400.01 million. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.53 EPS.

Ply Gem Holdings Inc. manufactures exterior building products in North America. The Company operates in two segments: Siding Fencing and Stone and Windows and Doors. The Siding Fencing and Stone segment offers vinyl siding and skirting vinyl and aluminum soffit aluminum trim coil cellular polyvinyl chloride trim and moldings J- channels F-channels wide crown molding window and door trim H-molds fascia undersill trims outside and inside corner posts rain removal systems and injection molded designer accents under the brands Variform Napco Mastic Home Exteriors Mitten Procanna (Canada only) Cellwood Ply Gem Trim Mouldings Ply Gem Leaf Relief Leaf Relief Snap Tight Leaf Smart and Leaf Logic. The Windows and Doors segment offers vinyl aluminum-clad vinyl aluminum wood and clad-wood windows and patio doors and steel wood and fiberglass entry doors under the Ply Gem Windows Simonton Windows Great Lakes Window Mastic by Ply Gem and Ply Gem Canada brands.

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