Citadel Advisors LLC trimmed its stake in Plexus Corp. (NASDAQ:PLXS) by 35.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,151 shares of the technology company’s stock after selling 18,035 shares during the period. Citadel Advisors LLC owned 0.10% of Plexus worth $1,803,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC raised its position in shares of Plexus by 69.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,366 shares of the technology company’s stock worth $124,000 after acquiring an additional 966 shares in the last quarter. Appleton Group LLC purchased a new position in Plexus during the 3rd quarter worth $201,000. Neuberger Berman Group LLC grew its stake in Plexus by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,834 shares of the technology company’s stock worth $202,000 after buying an additional 31 shares during the last quarter. Amalgamated Bank grew its stake in Plexus by 1.4% during the 2nd quarter. Amalgamated Bank now owns 4,582 shares of the technology company’s stock worth $241,000 after buying an additional 65 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in Plexus during the 2nd quarter worth $263,000. 94.16% of the stock is owned by hedge funds and other institutional investors.
In other Plexus news, VP Ronnie Darroch sold 4,513 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $61.10, for a total transaction of $275,744.30. Following the completion of the transaction, the vice president now owns 9,677 shares of the company’s stock, valued at $591,264.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Dean A. Foate sold 12,300 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $63.41, for a total value of $779,943.00. Following the transaction, the chairman now directly owns 295,220 shares of the company’s stock, valued at approximately $18,719,900.20. The disclosure for this sale can be found here. Insiders sold a total of 205,696 shares of company stock valued at $12,706,971 in the last ninety days. 4.30% of the stock is currently owned by insiders.
Plexus Corp. (NASDAQ PLXS) opened at $61.19 on Wednesday. The firm has a market capitalization of $2,065.15, a PE ratio of 18.98 and a beta of 0.87. Plexus Corp. has a fifty-two week low of $49.06 and a fifty-two week high of $64.12. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.03.
Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The company had revenue of $670.00 million during the quarter, compared to analysts’ expectations of $676.23 million. Plexus had a return on equity of 11.48% and a net margin of 4.43%. Plexus’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. analysts forecast that Plexus Corp. will post 3.41 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Citadel Advisors LLC Sells 18,035 Shares of Plexus Corp. (PLXS)” was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2017/12/06/citadel-advisors-llc-sells-18035-shares-of-plexus-corp-plxs.html.
Plexus Company Profile
Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company delivers end-to-end solutions for customers in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.
Want to see what other hedge funds are holding PLXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Plexus Corp. (NASDAQ:PLXS).
Receive News & Ratings for Plexus Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plexus Corp. and related companies with MarketBeat.com's FREE daily email newsletter.