QCI Asset Management Inc. NY lowered its holdings in shares of L S Starrett Co Class A (NYSE:SCX) by 18.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,871 shares of the company’s stock after selling 10,000 shares during the period. QCI Asset Management Inc. NY’s holdings in L S Starrett Co Class A were worth $274,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ancora Advisors LLC boosted its stake in L S Starrett Co Class A by 51.1% during the first quarter. Ancora Advisors LLC now owns 69,121 shares of the company’s stock worth $467,000 after buying an additional 23,375 shares in the last quarter. Deutsche Bank AG boosted its stake in L S Starrett Co Class A by 96.5% during the fourth quarter. Deutsche Bank AG now owns 16,544 shares of the company’s stock worth $142,000 after buying an additional 8,124 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in L S Starrett Co Class A by 4.1% during the fourth quarter. Renaissance Technologies LLC now owns 359,320 shares of the company’s stock worth $3,090,000 after buying an additional 14,020 shares in the last quarter. Hedge funds and other institutional investors own 42.30% of the company’s stock.
SCX opened at $6.45 on Friday. L S Starrett Co Class A has a fifty-two week low of $5.80 and a fifty-two week high of $9.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.10 and a current ratio of 4.54. The firm has a market cap of $45.96 million, a price-to-earnings ratio of 46.79 and a beta of 1.29.
L S Starrett Co Class A Company Profile
The L.S. Starrett Company manufactures and sells industrial, professional, and consumer measuring and cutting tools and related products primarily in North America, Brazil, China, and the United Kingdom. The company's products include precision tools, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, and reciprocating saw blades, as well as M1 lubricant and precision ground flat stock products.
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