AQR Capital Management LLC decreased its position in ZAGG Inc (NASDAQ:ZAGG) by 14.9% during the first quarter, Holdings Channel reports. The fund owned 533,048 shares of the specialty retailer’s stock after selling 93,116 shares during the period. AQR Capital Management LLC’s holdings in ZAGG were worth $3,838,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in ZAGG. American International Group Inc. increased its stake in shares of ZAGG by 7.0% in the first quarter. American International Group Inc. now owns 16,976 shares of the specialty retailer’s stock worth $122,000 after buying an additional 1,117 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in shares of ZAGG during the first quarter worth about $130,000. Brandes Investment Partners LP increased its stake in shares of ZAGG by 86.9% in the first quarter. Brandes Investment Partners LP now owns 19,621 shares of the specialty retailer’s stock worth $141,000 after buying an additional 9,122 shares during the last quarter. Strs Ohio increased its stake in shares of ZAGG by 587.9% in the first quarter. Strs Ohio now owns 22,700 shares of the specialty retailer’s stock worth $163,000 after buying an additional 19,400 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of ZAGG by 0.4% in the first quarter. JPMorgan Chase & Co. now owns 24,142 shares of the specialty retailer’s stock worth $174,000 after buying an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 78.77% of the company’s stock.
ZAGG Inc (ZAGG) opened at 8.65 on Friday. ZAGG Inc has a one year low of $5.15 and a one year high of $9.15. The company’s market cap is $241.86 million. The company has a 50-day moving average of $8.58 and a 200-day moving average of $7.46.
ZAGG (NASDAQ:ZAGG) last issued its quarterly earnings data on Tuesday, May 2nd. The specialty retailer reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. The company had revenue of $92.95 million during the quarter, compared to analyst estimates of $88.29 million. ZAGG had a positive return on equity of 4.81% and a negative net margin of 4.26%. Equities research analysts expect that ZAGG Inc will post $0.79 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This article was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at https://stocknewstimes.com/2017/07/21/aqr-capital-management-llc-has-3-84-million-stake-in-zagg-inc-zagg.html.
A number of research firms have recently weighed in on ZAGG. Wunderlich reduced their price target on shares of ZAGG from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. Zacks Investment Research upgraded shares of ZAGG from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research note on Wednesday. TheStreet upgraded shares of ZAGG from a “d+” rating to a “c-” rating in a research note on Friday, May 5th. Finally, Roth Capital set a $9.00 price target on shares of ZAGG and gave the company a “hold” rating in a research note on Saturday, June 17th.
ZAGG Company Profile
ZAGG Inc (ZAGG) designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands.
Want to see what other hedge funds are holding ZAGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZAGG Inc (NASDAQ:ZAGG).
Receive News & Ratings for ZAGG Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZAGG Inc and related companies with MarketBeat.com's FREE daily email newsletter.
