Gabelli Funds LLC lessened its holdings in Armstrong Flooring Inc (NYSE:AFI) by 28.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 549,690 shares of the construction company’s stock after selling 221,199 shares during the quarter. Gabelli Funds LLC owned 2.14% of Armstrong Flooring worth $9,301,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Voya Investment Management LLC raised its stake in shares of Armstrong Flooring by 13.7% in the second quarter. Voya Investment Management LLC now owns 12,876 shares of the construction company’s stock worth $231,000 after purchasing an additional 1,551 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Armstrong Flooring in the fourth quarter worth about $336,000. KBC Group NV raised its stake in shares of Armstrong Flooring by 17.7% in the third quarter. KBC Group NV now owns 21,966 shares of the construction company’s stock worth $346,000 after purchasing an additional 3,303 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Armstrong Flooring by 5.7% in the second quarter. The Manufacturers Life Insurance Company now owns 19,565 shares of the construction company’s stock worth $351,000 after purchasing an additional 1,056 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Armstrong Flooring by 34.9% in the second quarter. Alliancebernstein L.P. now owns 19,710 shares of the construction company’s stock worth $354,000 after purchasing an additional 5,100 shares during the last quarter. 97.60% of the stock is owned by institutional investors and hedge funds.
Shares of Armstrong Flooring Inc (AFI) traded up $0.30 during mid-day trading on Friday, reaching $14.66. The company had a trading volume of 161,802 shares, compared to its average volume of 108,403. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 2.66. The stock has a market capitalization of $369.41, a PE ratio of -14.51 and a beta of 2.80. Armstrong Flooring Inc has a 52 week low of $13.32 and a 52 week high of $22.96.
AFI has been the subject of several research analyst reports. Zacks Investment Research cut Armstrong Flooring from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. SunTrust Banks restated a “hold” rating and issued a $15.00 price objective on shares of Armstrong Flooring in a research note on Friday, November 3rd. Finally, TheStreet upgraded Armstrong Flooring from a “d+” rating to a “c-” rating in a research note on Tuesday, November 28th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Armstrong Flooring presently has a consensus rating of “Hold” and an average target price of $23.33.
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Armstrong Flooring Profile
Armstrong Flooring, Inc produces flooring products for use primarily in the construction and renovation of residential, commercial and institutional buildings. The Company designs, manufactures, sources and sells resilient and wood flooring products in North America and the Pacific Rim. It operates through two segments: Resilient Flooring and Wood Flooring.
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