Cubist Systematic Strategies LLC Takes $84,000 Position in Broadwind, Inc. (NASDAQ:BWEN)

Cubist Systematic Strategies LLC bought a new position in Broadwind, Inc. (NASDAQ:BWEN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 25,713 shares of the industrial products company’s stock, valued at approximately $84,000. Cubist Systematic Strategies LLC owned about 0.12% of Broadwind at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BWEN. Lincoln Capital Corp purchased a new stake in Broadwind during the first quarter valued at about $49,000. Ritholtz Wealth Management bought a new position in Broadwind during the 2nd quarter worth approximately $83,000. American Century Companies Inc. increased its stake in Broadwind by 181.0% in the 2nd quarter. American Century Companies Inc. now owns 46,032 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 29,653 shares during the period. XTX Topco Ltd purchased a new position in Broadwind in the 2nd quarter worth approximately $159,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Broadwind by 65.2% during the second quarter. Renaissance Technologies LLC now owns 83,800 shares of the industrial products company’s stock valued at $275,000 after purchasing an additional 33,064 shares during the period. Institutional investors own 33.27% of the company’s stock.

Broadwind Price Performance

Shares of NASDAQ BWEN opened at $2.06 on Wednesday. Broadwind, Inc. has a 1 year low of $2.01 and a 1 year high of $4.65. The stock has a market capitalization of $44.77 million, a P/E ratio of 5.28 and a beta of 1.41. The company’s 50-day moving average is $2.21 and its 200 day moving average is $2.77. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.51 and a quick ratio of 0.52.

Broadwind (NASDAQ:BWEN) last posted its earnings results on Tuesday, August 13th. The industrial products company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Broadwind had a return on equity of 13.11% and a net margin of 4.19%. The firm had revenue of $36.45 million for the quarter, compared to the consensus estimate of $37.13 million. During the same quarter in the prior year, the business earned $0.07 EPS. On average, sell-side analysts expect that Broadwind, Inc. will post 0.01 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on BWEN. Roth Mkm decreased their target price on shares of Broadwind from $4.00 to $3.50 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. StockNews.com lowered shares of Broadwind from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. HC Wainwright reaffirmed a “buy” rating and set a $8.00 price target on shares of Broadwind in a research report on Wednesday, August 14th. Finally, Craig Hallum cut their price objective on Broadwind from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th.

About Broadwind

Broadwind, Inc manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets.