Stifel Financial Corp Acquires 9,845 Shares of ARC Group Worldwide, Inc. (NASDAQ:ARCW)
Stifel Financial Corp raised its stake in shares of ARC Group Worldwide, Inc. (NASDAQ:ARCW) by 37.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,845 shares of the technology company’s stock after buying an additional 9,845 shares during the period. Stifel Financial Corp’s holdings in ARC Group Worldwide were worth $151,000 at the end of the most recent quarter.
Separately, Renaissance Technologies LLC boosted its stake in ARC Group Worldwide by 58.9% in the fourth quarter. Renaissance Technologies LLC now owns 171,814 shares of the technology company’s stock valued at $756,000 after buying an additional 63,714 shares in the last quarter. 15.74% of the stock is owned by institutional investors.
Shares of ARC Group Worldwide, Inc. (ARCW) traded down 3.64% during trading on Friday, hitting $2.65. The stock had a trading volume of 2,861 shares. ARC Group Worldwide, Inc. has a 52 week low of $2.17 and a 52 week high of $5.95. The stock’s market capitalization is $48.15 million. The stock’s 50 day moving average is $3.03 and its 200 day moving average is $3.74.
ARC Group Worldwide (NASDAQ:ARCW) last issued its earnings results on Monday, May 15th. The technology company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.11. The business had revenue of $25.50 million for the quarter, compared to the consensus estimate of $28.83 million. ARC Group Worldwide had a negative net margin of 0.70% and a negative return on equity of 7.31%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) EPS. On average, equities research analysts expect that ARC Group Worldwide, Inc. will post ($0.20) earnings per share for the current fiscal year.
Several research firms recently commented on ARCW. ValuEngine upgraded ARC Group Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research cut ARC Group Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, April 14th. Finally, Imperial Capital reiterated an “in-line” rating and set a $4.50 price target on shares of ARC Group Worldwide in a research report on Wednesday, April 12th.
ARC Group Worldwide Company Profile
ARC Group Worldwide, Inc is a manufacturing company. The Company has three segments: Precision Components Group, 3DMT Group, and Flanges and Fittings Group. It provides a set of manufacturing solutions, from design and prototyping through production. Through the Company’s product offering, it provides its customers with a prototyping and production solution for both precision metal and plastic fabrication.
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