Systematic Financial Management LP purchased a new position in shares of Zagg Inc (NASDAQ:ZAGG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,965 shares of the specialty retailer’s stock, valued at approximately $582,000. Systematic Financial Management LP owned approximately 0.13% of Zagg at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ZAGG. American International Group Inc. grew its position in shares of Zagg by 7.0% during the first quarter. American International Group Inc. now owns 16,976 shares of the specialty retailer’s stock worth $122,000 after buying an additional 1,117 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Zagg by 10.8% during the first quarter. TIAA CREF Investment Management LLC now owns 90,872 shares of the specialty retailer’s stock worth $654,000 after buying an additional 8,852 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Zagg by 134.5% during the first quarter. California Public Employees Retirement System now owns 197,900 shares of the specialty retailer’s stock worth $1,416,000 after buying an additional 113,500 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Zagg by 6.4% during the first quarter. Vanguard Group Inc. now owns 1,106,248 shares of the specialty retailer’s stock worth $7,964,000 after buying an additional 66,284 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Zagg by 3.5% during the first quarter. Geode Capital Management LLC now owns 207,906 shares of the specialty retailer’s stock worth $1,496,000 after buying an additional 7,094 shares in the last quarter. 82.58% of the stock is owned by institutional investors and hedge funds.

Zagg Inc (ZAGG) opened at $20.15 on Friday. Zagg Inc has a one year low of $5.90 and a one year high of $23.70. The stock has a market capitalization of $572.09, a price-to-earnings ratio of 78.65, a P/E/G ratio of 4.08 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.68 and a current ratio of 1.12.

Zagg (NASDAQ:ZAGG) last announced its quarterly earnings data on Wednesday, November 1st. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.02. Zagg had a return on equity of 6.59% and a net margin of 0.63%. The firm had revenue of $134.40 million for the quarter, compared to analysts’ expectations of $128.23 million. During the same period last year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. analysts predict that Zagg Inc will post 1 EPS for the current fiscal year.

ZAGG has been the topic of several research analyst reports. Zacks Investment Research upgraded Zagg from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, October 26th. Craig Hallum restated a “buy” rating and set a $23.00 price objective (up from $16.00) on shares of Zagg in a research note on Thursday, October 19th. Roth Capital set a $17.00 price objective on Zagg and gave the stock a “hold” rating in a research note on Tuesday, October 17th. TheStreet upgraded Zagg from a “c” rating to a “b-” rating in a research note on Wednesday, November 1st. Finally, B. Riley upgraded Zagg from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $17.00 to $20.00 in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $17.67.

In other Zagg news, insider Brian Stech sold 20,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $18.08, for a total value of $361,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Randall L. Hales sold 50,001 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $19.16, for a total value of $958,019.16. Following the completion of the sale, the chief executive officer now owns 713,380 shares in the company, valued at $13,668,360.80. The disclosure for this sale can be found here. Insiders have sold 99,830 shares of company stock worth $1,903,425 over the last 90 days. 4.20% of the stock is currently owned by company insiders.

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Zagg Company Profile

ZAGG Inc (ZAGG) designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands.

Institutional Ownership by Quarter for Zagg (NASDAQ:ZAGG)

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