Armstrong Flooring (NYSE:AFI) High to Hold at StockNews.com
Armstrong Flooring (NYSE: AFI – Get Note) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report released Friday.
NYSE: AFI lost $0.02 during Friday’s midday session, hitting $1.51. The stock had a trading volume of 131,664 shares, compared to an average trading volume of 837,068. The stock has a 50-day simple moving average of $1.81 and a two-hundred-day simple moving average of 2. $38. The company has a market capitalization of $32.78 million, a PE ratio of -0.61 and a beta of 2.53. Armstrong Flooring has a 12-month low of $1.30 and a 12-month high of $6.90.
Hedge funds have recently increased or reduced their stakes in the company. Sei Investments Co. increased its position in Armstrong Flooring shares by 46.5% during the fourth quarter. Sei Investments Co. now owns 64,262 shares of the construction company worth $127,000 after acquiring 20,400 additional shares in the last quarter. Morgan Stanley increased its position in Armstrong Flooring shares by 90.1% during the third quarter. Morgan Stanley now owns 90,620 shares of the construction company worth $284,000 after acquiring 42,957 additional shares in the last quarter. Gamco Investors Inc. ET AL increased its position in Armstrong Flooring shares by 6.8% during the third quarter. Gamco Investors Inc. ET AL now owns 2,004,146 shares of the construction company worth $6,273,000 after acquiring an additional 127,375 shares in the last quarter. Jump Financial LLC purchased a new stock position in Armstrong Flooring during the third quarter worth approximately $44,000. Finally, Hotchkis & Wiley Capital Management LLC increased its position in Armstrong Flooring shares by 1.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,367,474 shares of the construction company worth $7,410,000 after acquiring 23,140 additional shares in the last quarter. 66.03% of the shares are currently held by institutional investors.
About Armstrong Flooring (Get an assessment)
Armstrong Flooring, Inc. engages in the production of flooring products. It operates through the Resilient Flooring and Wood Flooring segments. The Resilient Flooring segment designs, manufactures, sources and sells a range of flooring primarily for homes and commercial buildings under various brands, including the Armstrong brand.
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