Citadel Advisors LLC Acquires 116,856 Shares of Armstrong Flooring, Inc. (AFI)

Citadel Advisors LLC increased its holdings in shares of Armstrong Flooring, Inc. (NYSE:AFI) by 636.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,223 shares of the construction company’s stock after purchasing an additional 116,856 shares during the quarter. Citadel Advisors LLC owned approximately 0.53% of Armstrong Flooring worth $2,130,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Oppenheimer Asset Management Inc. raised its position in Armstrong Flooring by 138.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 8,800 shares of the construction company’s stock worth $158,000 after acquiring an additional 5,102 shares in the last quarter. Voya Investment Management LLC raised its position in Armstrong Flooring by 13.7% during the second quarter. Voya Investment Management LLC now owns 12,876 shares of the construction company’s stock worth $231,000 after acquiring an additional 1,551 shares in the last quarter. KBC Group NV raised its position in Armstrong Flooring by 1.2% during the second quarter. KBC Group NV now owns 18,663 shares of the construction company’s stock worth $335,000 after acquiring an additional 225 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Armstrong Flooring by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 19,565 shares of the construction company’s stock worth $351,000 after acquiring an additional 1,056 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Armstrong Flooring by 34.9% during the second quarter. Alliancebernstein L.P. now owns 19,710 shares of the construction company’s stock worth $354,000 after acquiring an additional 5,100 shares in the last quarter. Institutional investors and hedge funds own 98.53% of the company’s stock.

Several analysts have issued reports on AFI shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price target on shares of Armstrong Flooring in a research report on Monday, August 7th. Gabelli lowered shares of Armstrong Flooring from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a research report on Tuesday, August 8th. Nomura reissued a “neutral” rating on shares of Armstrong Flooring in a research report on Tuesday, August 8th. Zacks Investment Research lowered shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, TheStreet lowered shares of Armstrong Flooring from a “c-” rating to a “d+” rating in a research report on Monday, August 21st. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Armstrong Flooring currently has a consensus rating of “Hold” and a consensus price target of $24.20.

Armstrong Flooring, Inc. (AFI) opened at $17.25 on Tuesday. The firm has a market cap of $447.10, a PE ratio of 72.42 and a beta of 4.89. Armstrong Flooring, Inc. has a 1 year low of $13.32 and a 1 year high of $22.96. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.66 and a quick ratio of 0.98.

Armstrong Flooring (NYSE:AFI) last issued its quarterly earnings data on Monday, November 6th. The construction company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.07). The company had revenue of $308.50 million during the quarter, compared to the consensus estimate of $294.68 million. Armstrong Flooring had a negative net margin of 2.40% and a positive return on equity of 1.06%. Armstrong Flooring’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. sell-side analysts predict that Armstrong Flooring, Inc. will post 0.15 EPS for the current fiscal year.

WARNING: “Citadel Advisors LLC Acquires 116,856 Shares of Armstrong Flooring, Inc. (AFI)” was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2017/12/05/citadel-advisors-llc-acquires-116856-shares-of-armstrong-flooring-inc-afi.html.

Armstrong Flooring Profile

Armstrong Flooring, Inc produces flooring products for use primarily in the construction and renovation of residential, commercial and institutional buildings. The Company designs, manufactures, sources and sells resilient and wood flooring products in North America and the Pacific Rim. It operates through two segments: Resilient Flooring and Wood Flooring.

Want to see what other hedge funds are holding AFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armstrong Flooring, Inc. (NYSE:AFI).

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

Receive News & Ratings for Armstrong Flooring Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong Flooring Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply