Apogee Enterprises (NASDAQ:APOG)’s Stock Is Buy After Less Market Selling

October 13, 2017 - By Nellie Frank

 Apogee Enterprises (NASDAQ:APOG)'s Stock Is Buy After Less Market Selling

Investors sentiment increased to 1.3 in Q2 2017. Its up 0.26, from 1.04 in 2017Q1. It increased, as 19 investors sold Apogee Enterprises Inc shares while 61 reduced holdings. 34 funds opened positions while 70 raised stakes. 28.69 million shares or 1.51% less from 29.13 million shares in 2017Q1 were reported.
Northern invested in 0.01% or 424,470 shares. Barclays Public Ltd Company holds 26,123 shares or 0% of its portfolio. Blackrock Inc has invested 0.01% in Apogee Enterprises Inc (NASDAQ:APOG). Neumeier Poma Invest Counsel Ltd Limited Liability Company invested 2.87% of its portfolio in Apogee Enterprises Inc (NASDAQ:APOG). Skylands Cap Ltd Limited Liability Company has invested 0.64% in Apogee Enterprises Inc (NASDAQ:APOG). Rhumbline Advisers accumulated 57,087 shares. Copper Rock Capital Limited Liability Company accumulated 658,289 shares. Kornitzer Capital Mngmt Ks reported 26,700 shares. 13,600 were accumulated by Chatham Cap Grp Inc. Moreover, Emerald Advisers Pa has 1.74% invested in Apogee Enterprises Inc (NASDAQ:APOG). Amalgamated State Bank holds 0.01% or 3,929 shares. Hutchin Hill Capital Lp holds 32,200 shares. Art Advsr Limited Liability reported 7,300 shares stake. Hillcrest Asset Mgmt Ltd Liability Com has 212,806 shares. Oppenheimer And Com Inc owns 72,500 shares for 0.11% of their portfolio.

Since May 1, 2017, it had 0 insider buys, and 1 insider sale for $5.60 million activity. The insider Puishys Joseph F. sold 100,000 shares worth $5.60M.

The stock of Apogee Enterprises (NASDAQ:APOG) registered a decrease of 21.43% in short interest. APOG’s total short interest was 3.48 million shares in October as published by FINRA. Its down 21.43% from 4.43 million shares, reported previously. With 554,400 shares average volume, it will take short sellers 6 days to cover their APOG’s short positions. The short interest to Apogee Enterprises’s float is 12.4%.

About 347,900 shares traded or 8.59% up from the average. Apogee Enterprises Inc (NASDAQ:APOG) has risen 21.13% since October 13, 2016 and is uptrending. It has outperformed by 4.43% the S&P500.

Apogee Enterprises, Inc. is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The company has market cap of $1.39 billion. The Firm operates through four divisions: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies . It has a 16.54 P/E ratio. The Architectural Glass segment fabricates coated glass used in customized window and wall systems.

Apogee Enterprises Inc (NASDAQ:APOG) Ratings Coverage

Among 2 analysts covering Apogee Enterprises (NASDAQ:APOG), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Apogee Enterprises had 4 analyst reports since August 26, 2015 according to SRatingsIntel. The stock has “Buy” rating by Zacks on Wednesday, August 26.

More news for Apogee Enterprises Inc (NASDAQ:APOG) were recently published by: Nasdaq.com, which released: “Validea James P. O’Shaughnessy Strategy Daily Upgrade Report – 10/13/2017” on September 01, 2017. Businesswire.com‘s article titled: “Apogee Enterprises, Inc. to Present at the DA Davidson 16” and published on September 15, 2017 is yet another important article.

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