Corbyn Investment Management Inc. MD Has $295,000 Position in PGT Innovations Inc (NYSE:PGTI)

Corbyn Investment Management Inc. MD decreased its position in shares of PGT Innovations Inc (NYSE:PGTI) by 88.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,500 shares of the construction company’s stock after selling 139,487 shares during the period. Corbyn Investment Management Inc. MD’s holdings in PGT Innovations were worth $295,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its position in PGT Innovations by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 211,449 shares of the construction company’s stock worth $2,707,000 after buying an additional 2,278 shares during the last quarter. Teachers Advisors LLC grew its position in PGT Innovations by 2.7% in the second quarter. Teachers Advisors LLC now owns 88,954 shares of the construction company’s stock worth $1,139,000 after buying an additional 2,355 shares during the last quarter. Ameriprise Financial Inc. grew its position in PGT Innovations by 1.6% in the second quarter. Ameriprise Financial Inc. now owns 259,470 shares of the construction company’s stock worth $3,322,000 after buying an additional 4,025 shares during the last quarter. Nationwide Fund Advisors grew its position in PGT Innovations by 3.6% in the second quarter. Nationwide Fund Advisors now owns 28,511 shares of the construction company’s stock worth $365,000 after buying an additional 988 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in PGT Innovations by 11.6% in the second quarter. New York State Common Retirement Fund now owns 50,200 shares of the construction company’s stock worth $643,000 after buying an additional 5,199 shares during the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PGT Innovations Inc (PGTI) traded up $0.35 during trading hours on Wednesday, hitting $15.50. 102,842 shares of the company’s stock were exchanged, compared to its average volume of 285,909. The firm has a market cap of $749.88, a price-to-earnings ratio of 32.94, a P/E/G ratio of 1.27 and a beta of 1.06. PGT Innovations Inc has a 52 week low of $10.00 and a 52 week high of $17.60. The company has a quick ratio of 2.71, a current ratio of 3.67 and a debt-to-equity ratio of 1.50.

In related news, Director Richard D. Feintuch sold 50,000 shares of PGT Innovations stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $16.05, for a total value of $802,500.00. Following the completion of the sale, the director now owns 75,508 shares of the company’s stock, valued at approximately $1,211,903.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William J. Morgan sold 41,395 shares of PGT Innovations stock in a transaction on Monday, November 20th. The shares were sold at an average price of $15.71, for a total transaction of $650,315.45. Following the completion of the sale, the director now directly owns 75,508 shares of the company’s stock, valued at approximately $1,186,230.68. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

PGTI has been the topic of several recent research reports. Royal Bank of Canada restated a “buy” rating and issued a $17.00 price target on shares of PGT Innovations in a research report on Wednesday, November 15th. Dougherty & Co upgraded shares of PGT Innovations from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. BidaskClub lowered shares of PGT Innovations from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Finally, B. Riley lifted their price objective on shares of PGT Innovations from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $17.25.

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PGT Innovations Profile

PGT Innovations, Inc, formerly PGT, Inc, is a manufacturer of impact-resistant windows and doors. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. CGI serves residential and commercial markets in both new and existing construction. CGI manufacturing and delivery facilities are based in Miami, Florida.

Institutional Ownership by Quarter for PGT Innovations (NYSE:PGTI)

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