Falcon Point Capital buys $15,760,382 stake in Apogee Enterprises Inc (APOG)

Apogee Enterprises Inc (APOG) : Falcon Point Capital scooped up 95,869 additional shares in Apogee Enterprises Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 349,842 shares of Apogee Enterprises Inc which is valued at $15,760,382.Apogee Enterprises Inc makes up approximately 2.78% of Falcon Point Capital’s portfolio.

Apogee Enterprises Inc closed down -0.6 points or -1.36% at $43.62 with 2,38,659 shares getting traded on Wednesday. Post opening the session at $44.22, the shares hit an intraday low of $43.53 and an intraday high of $44.684 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Gemmer Asset Management sold out all of its stake in APOG during the most recent quarter. The investment firm sold 12 shares of APOG which is valued $541. Simplex Trading added APOG to its portfolio by purchasing 668 company shares during the most recent quarter which is valued at $30,093.Independent Portfolio Consultants boosted its stake in APOG in the latest quarter, The investment management firm added 175 additional shares and now holds a total of 425 shares of Apogee Enterprises Inc which is valued at $19,146. Apogee Enterprises Inc makes up approx 0.01% of Independent Portfolio Consultants’s portfolio.Central Trust Co boosted its stake in APOG in the latest quarter, The investment management firm added 341 additional shares and now holds a total of 912 shares of Apogee Enterprises Inc which is valued at $41,086.

On the company’s financial health, Apogee Enterprises Inc reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 6, 2016. Analyst had a consensus of $0.64. The company had revenue of $262.15 million for the quarter, compared to analysts expectations of $259.15 million. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

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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