Armstrong Flooring Inc (NYSE:AFI) Holdings Cut by Tudor Investment Corp Et Al

Christel Deskins

Tudor Investment Corp Et Al lowered its holdings in Armstrong Flooring Inc (NYSE:AFI) by 17.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,854 shares of the construction company’s stock after selling 3,850 shares during the period. […]

Tudor Investment Corp Et Al lowered its holdings in Armstrong Flooring Inc (NYSE:AFI) by 17.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,854 shares of the construction company’s stock after selling 3,850 shares during the period. Tudor Investment Corp Et Al owned about 0.08% of Armstrong Flooring worth $53,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of Armstrong Flooring during the second quarter valued at approximately $33,000. Alliancebernstein L.P. raised its holdings in shares of Armstrong Flooring by 33.3% during the first quarter. Alliancebernstein L.P. now owns 35,600 shares of the construction company’s stock valued at $51,000 after buying an additional 8,900 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Armstrong Flooring by 171.1% during the first quarter. Deutsche Bank AG now owns 43,995 shares of the construction company’s stock valued at $63,000 after buying an additional 27,766 shares during the last quarter. First Quadrant L P CA bought a new stake in shares of Armstrong Flooring during the second quarter valued at approximately $72,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Armstrong Flooring by 50.2% during the first quarter. Wells Fargo & Company MN now owns 54,492 shares of the construction company’s stock valued at $78,000 after buying an additional 18,217 shares during the last quarter. 82.51% of the stock is currently owned by hedge funds and other institutional investors.

NYSE AFI opened at $4.32 on Friday. The company’s 50 day simple moving average is $3.59 and its 200 day simple moving average is $2.79. Armstrong Flooring Inc has a 12 month low of $1.12 and a 12 month high of $7.08. The company has a current ratio of 1.78, a quick ratio of 0.76 and a debt-to-equity ratio of 0.25.

Armstrong Flooring (NYSE:AFI) last issued its earnings results on Wednesday, July 22nd. The construction company reported ($0.23) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.08. Armstrong Flooring had a negative net margin of 12.85% and a negative return on equity of 19.22%. The firm had revenue of $145.60 million during the quarter.

A number of research firms have recently weighed in on AFI. Zacks Investment Research raised Armstrong Flooring from a “hold” rating to a “strong-buy” rating and set a $4.50 price target on the stock in a report on Tuesday, June 9th. Nomura reaffirmed a “buy” rating and set a $5.00 price target on shares of Armstrong Flooring in a report on Sunday, June 7th. Finally, Nomura Instinet reiterated a “neutral” rating and set a $5.00 price objective on shares of Armstrong Flooring in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $3.66.

About Armstrong Flooring

Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells resilient flooring products for use primarily in the construction and renovation of commercial, residential, and institutional buildings in North America and the Pacific Rim. The company sells its products to independent wholesale flooring distributors, retailers, builders, contractors, installers, property management firms, homeowners, and others.

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Institutional Ownership by Quarter for Armstrong Flooring (NYSE:AFI)

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