Short Interest in Apogee Enterprises, Inc. (NASDAQ:APOG) Decreases By 12.8%

Apogee Enterprises, Inc. (NASDAQ:APOGGet Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 1,160,000 shares, a decline of 12.8% from the March 15th total of 1,330,000 shares. Approximately 5.4% of the shares of the stock are sold short. Based on an average daily volume of 122,400 shares, the days-to-cover ratio is presently 9.5 days.

Apogee Enterprises Stock Down 1.5 %

Shares of APOG stock opened at $56.99 on Friday. The stock has a market cap of $1.26 billion, a P/E ratio of 12.10 and a beta of 1.10. Apogee Enterprises has a 52 week low of $36.62 and a 52 week high of $60.40. The company has a quick ratio of 1.28, a current ratio of 1.57 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $56.85 and its two-hundred day simple moving average is $51.40.

Institutional Trading of Apogee Enterprises

Several hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC raised its position in shares of Apogee Enterprises by 8.1% during the 2nd quarter. Lazard Asset Management LLC now owns 2,727 shares of the industrial products company’s stock valued at $129,000 after buying an additional 204 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of Apogee Enterprises by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 15,235 shares of the industrial products company’s stock valued at $814,000 after buying an additional 211 shares in the last quarter. Gotham Asset Management LLC raised its position in shares of Apogee Enterprises by 2.5% during the 4th quarter. Gotham Asset Management LLC now owns 8,775 shares of the industrial products company’s stock valued at $469,000 after buying an additional 217 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Apogee Enterprises by 20.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,300 shares of the industrial products company’s stock valued at $62,000 after buying an additional 220 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of Apogee Enterprises by 4.3% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 8,204 shares of the industrial products company’s stock valued at $355,000 after buying an additional 336 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Company Profile

(Get Free Report)

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and installs custom glass and aluminum windows, curtainwalls, storefront, and entrance systems for the exterior of buildings primarily in the commercial, institutional, and multi-family residential construction sectors.

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