Arctic Cat Inc. (NASDAQ:ACAT) VP Bradley D. Darling sold 19,101 shares of the business’s stock in a transaction that occurred on Feb. 26.
The stock was sold at an average price of $15.78, for a total value of $301,413.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Other institutional investors have made changes to their positions in the company. American Century Companies Inc. increased its position in shares of Arctic Cat by 36.5 percent in the fourth quarter. American Century Companies Inc. now owns 16,367 shares of the company’s stock worth $268,000 after buying an additional 4,380 shares in the last quarter.
California State Teachers Retirement System increased its position in shares of Arctic Cat by 1.7 percent in the fourth quarter. California State Teachers Retirement System now owns 23,957 shares of the company’s stock worth $392,000 after buying an additional 400 shares in the last quarter.
HL Financial Services LLC increased its position in shares of Arctic Cat by 45.6 percent in the fourth quarter. HL Financial Services LLC now owns 29,746 shares of the company’s stock worth $487,000 after buying an additional 9,317 shares in the last quarter.
Pacific Ridge Capital Partners LLC increased its position in shares of Arctic Cat by 5.3 percent in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 68,430 shares of the company’s stock worth $1,121,000 after buying an additional 3,450 shares in the last quarter.
Finally, Investment Counselors of Maryland LLC increased its position in shares of Arctic Cat by 1.4 percent in the fourth quarter. Investment Counselors of Maryland LLC now owns 553,297 shares of the company’s stock worth $9,063,000 after buying an additional 7,425 shares in the last quarter.
The company has a 50-day moving average price of $13.78 and a 200 day moving average price of $19.88. The stock’s market cap is $227.66 million. Arctic Cat Inc has a 1-year low of $8.90 and a 1-year high of $39.00.
Arctic Cat (NASDAQ:ACAT) last released its quarterly earnings results on Thursday, Jan. 28th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.29. During the same period in the prior year, the firm posted $0.68 earnings per share. The company had revenue of $166 million for the quarter, compared to the consensus estimate of $191.51 million. Arctic Cat’s quarterly revenue was down 14.3 percent compared to the same quarter last year. Equities analysts expect that Arctic Cat Inc will post ($0.29) earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on ACAT. Wedbush cut their target price on Arctic Cat from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, Jan. 29. Northcoast Research began coverage on Arctic Cat in a research note. They issued a “buy” rating on the stock.
Wunderlich cut their target price on Arctic Cat from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, December 15th. The Street downgraded Arctic Cat from a “hold” rating to a “sell” rating in a research note on Monday, Feb. 8. Finally, Raymond James downgraded Arctic Cat from a “strong-buy” rating to a “market perform” rating in a research note on Monday, Jan. 11.
One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $14.83.
Arctic Cat Inc. designs, engineers, manufactures and markets snowmobiles and all-terrain vehicles (NASDAQ:ACAT) and recreational off-highway vehicles (side-by-sides or ROVs), as well as related parts, garments and accessories. The company offers its products under the Arctic Cat and MotorFist brand names.