Bessemer Group Inc. Has $1.64 Million Holdings in Sturm Ruger & Company Inc (NYSE:RGR)

Bessemer Group Inc. reduced its stake in shares of Sturm Ruger & Company Inc (NYSE:RGR) by 9.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,430 shares of the company’s stock after selling 3,060 shares during the period. Bessemer Group Inc. owned 0.17% of Sturm Ruger & Company Inc worth $1,644,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RGR. Wells Fargo & Company MN raised its position in shares of Sturm Ruger & Company Inc by 4.1% during the 2nd quarter. Wells Fargo & Company MN now owns 105,973 shares of the company’s stock worth $6,587,000 after purchasing an additional 4,205 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Sturm Ruger & Company Inc by 87.7% during the 2nd quarter. Teachers Advisors LLC now owns 58,792 shares of the company’s stock worth $3,654,000 after purchasing an additional 27,471 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Sturm Ruger & Company Inc by 45.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 73,369 shares of the company’s stock worth $4,560,000 after purchasing an additional 22,784 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Sturm Ruger & Company Inc by 2.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,965 shares of the company’s stock worth $184,000 after purchasing an additional 80 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of Sturm Ruger & Company Inc by 4.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 10,860 shares of the company’s stock worth $675,000 after purchasing an additional 480 shares during the last quarter. Hedge funds and other institutional investors own 86.77% of the company’s stock.

Shares of Sturm Ruger & Company Inc (NYSE:RGR) traded down $0.25 on Tuesday, reaching $48.05. The company’s stock had a trading volume of 72,031 shares, compared to its average volume of 246,944. The firm has a market cap of $835.69, a P/E ratio of 14.06 and a beta of -0.09. Sturm Ruger & Company Inc has a 52 week low of $44.80 and a 52 week high of $68.80.

Separately, Zacks Investment Research upgraded Sturm Ruger & Company Inc from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $58.00.

ILLEGAL ACTIVITY NOTICE: “Bessemer Group Inc. Has $1.64 Million Holdings in Sturm Ruger & Company Inc (NYSE:RGR)” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/13/sturm-ruger-company-inc-rgr-shares-sold-by-bessemer-group-inc.html.

About Sturm Ruger & Company Inc

Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.

Institutional Ownership by Quarter for Sturm Ruger & Company Inc (NYSE:RGR)

Receive News & Ratings for Sturm Ruger & Company Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sturm Ruger & Company Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply