Copper Rock Capital Partners buys $25,854,200 stake in Apogee Enterprises Inc (APOG)

Apogee Enterprises Inc (APOG) : Copper Rock Capital Partners scooped up 8,373 additional shares in Apogee Enterprises Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 539,641 shares of Apogee Enterprises Inc which is valued at $25,854,200.Apogee Enterprises Inc makes up approximately 1.88% of Copper Rock Capital Partners’s portfolio.

Other Hedge Funds, Including , Eagle Asset Management Inc reduced its stake in APOG by selling 86,630 shares or 9.95% in the most recent quarter. The Hedge Fund company now holds 783,679 shares of APOG which is valued at $37,546,061. Apogee Enterprises Inc makes up approx 0.25% of Eagle Asset Management Inc’s portfolio. Arcadia Investment Management Corpmi added APOG to its portfolio by purchasing 699 company shares during the most recent quarter which is valued at $33,489. Apogee Enterprises Inc makes up approx 0.01% of Arcadia Investment Management Corpmi’s portfolio.Creative Planning reduced its stake in APOG by selling 38 shares or 0.9% in the most recent quarter. The Hedge Fund company now holds 4,185 shares of APOG which is valued at $198,453.

Apogee Enterprises Inc opened for trading at $47.51 and hit $48.02 on the upside on Wednesday, eventually ending the session at $47.91, with a gain of 1.31% or 0.62 points. The heightened volatility saw the trading volume jump to 2,43,779 shares. Company has a market cap of $1,380 M.

On the company’s financial health, Apogee Enterprises Inc reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jun 22, 2016. Analyst had a consensus of $0.49. The company had revenue of $247.88 million for the quarter, compared to analysts expectations of $247.18 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on Apogee Enterprises Inc. Apogee Enterprises Inc was Downgraded by Goldman to ” Neutral” on Jul 12, 2016.

Apogee Enterprises Inc. is engaged in the design and development of value-added glass solutions for enclosing commercial buildings and framing art. The Company operates in four segments: Architectural Glass Architectural Services Architectural Framing Systems and Large-Scale Optical Technologies. The Architectural Glass segment fabricates glass used in customized window and curtainwall systems comprising the outside skin of buildings. The Architectural Services segment primarily installs and renovates customized aluminum and glass window and curtainwall systems comprising the outside skin of buildings. The Architectural Framing Systems segment designs engineers and fabricates the aluminum frames used in customized aluminum and glass window curtainwall storefront and entrance systems comprising the outside skin and entrances of buildings. Large-Scale Optical Technologies segment manufactures value-added glass and acrylic products primarily for the custom picture framing market.

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