Fenix Parts Inc. (FENX) Downgraded by Roth Capital to Neutral
Several other research firms have also weighed in on FENX. Zacks Investment Research raised Fenix Parts from a sell rating to a hold rating in a research report on Tuesday, August 16th. BMO Capital Markets reaffirmed an outperform rating and set a $7.00 price target (down previously from $8.00) on shares of Fenix Parts in a research report on Tuesday, July 5th.
Shares of Fenix Parts (NASDAQ:FENX) traded down 4.52% on Friday, reaching $3.38. The company had a trading volume of 23,520 shares. Fenix Parts has a 52-week low of $2.94 and a 52-week high of $8.50. The company’s 50-day moving average price is $4.08 and its 200-day moving average price is $4.22. The firm’s market capitalization is $67.45 million.
A number of hedge funds have recently added to or reduced their stakes in the stock. Paloma Partners Management Co purchased a new stake in Fenix Parts during the second quarter valued at about $215,000. Geode Capital Management LLC increased its stake in Fenix Parts by 6.7% in the first quarter. Geode Capital Management LLC now owns 83,793 shares of the company’s stock valued at $385,000 after buying an additional 5,234 shares during the period. State Street Corp increased its stake in Fenix Parts by 9.3% in the first quarter. State Street Corp now owns 134,502 shares of the company’s stock valued at $618,000 after buying an additional 11,404 shares during the period. HighTower Advisors LLC increased its stake in Fenix Parts by 0.5% in the second quarter. HighTower Advisors LLC now owns 293,831 shares of the company’s stock valued at $1,155,000 after buying an additional 1,604 shares during the period. Finally, Vanguard Group Inc. increased its stake in Fenix Parts by 8.5% in the second quarter. Vanguard Group Inc. now owns 645,328 shares of the company’s stock valued at $2,536,000 after buying an additional 50,638 shares during the period. Institutional investors and hedge funds own 58.62% of the company’s stock.
About Fenix Parts
Fenix Parts, Inc is engaged in auto recycling business. The Company recovers and resells original equipment manufacturer (OEM) parts, components and systems, such as engines, transmissions, radiators, trunks, lamps and seats reclaimed from damaged, totaled or low value vehicles. The Company operates through Automobile Recycling segment.
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