Cubist Systematic Strategies LLC Sells 60,677 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Cubist Systematic Strategies LLC cut its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 66.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,205 shares of the industrial products company’s stock after selling 60,677 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.14% of Apogee Enterprises worth $1,898,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of APOG. Headlands Technologies LLC increased its holdings in shares of Apogee Enterprises by 340.8% during the first quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 593 shares in the last quarter. EntryPoint Capital LLC increased its holdings in shares of Apogee Enterprises by 31.4% during the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 222 shares in the last quarter. CWM LLC increased its holdings in shares of Apogee Enterprises by 290.6% during the second quarter. CWM LLC now owns 957 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 712 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Apogee Enterprises by 599.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 959 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of Apogee Enterprises during the second quarter valued at $75,000. 94.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on APOG. DA Davidson increased their price objective on Apogee Enterprises from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. StockNews.com raised Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 26th.

Apogee Enterprises Trading Up 0.3 %

Apogee Enterprises stock opened at $70.02 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.29. Apogee Enterprises, Inc. has a one year low of $41.01 and a one year high of $71.49. The stock has a market capitalization of $1.54 billion, a PE ratio of 14.38 and a beta of 0.98. The business’s fifty day moving average is $65.21 and its 200 day moving average is $62.94.

Insider Activity at Apogee Enterprises

In other Apogee Enterprises news, insider Brent C. Jewell sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $64.34, for a total value of $321,700.00. Following the transaction, the insider now directly owns 23,405 shares of the company’s stock, valued at $1,505,877.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by insiders.

About Apogee Enterprises

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).