Mackenzie Financial Corp Takes $474,000 Position in American Vanguard Co. (NYSE:AVD)

Mackenzie Financial Corp bought a new stake in American Vanguard Co. (NYSE:AVD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 102,443 shares of the basic materials company's stock, valued at approximately $474,000. Mackenzie Financial Corp owned approximately 0.36% of American Vanguard at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AVD. Wellington Management Group LLP lifted its holdings in shares of American Vanguard by 2.0% in the 4th quarter. Wellington Management Group LLP now owns 1,498,061 shares of the basic materials company's stock valued at $6,936,000 after purchasing an additional 29,713 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in American Vanguard by 9.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 990,238 shares of the basic materials company's stock valued at $4,585,000 after purchasing an additional 88,070 shares during the last quarter. Topline Capital Management LLC acquired a new stake in American Vanguard during the 4th quarter worth $3,758,000. Geode Capital Management LLC grew its position in American Vanguard by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 595,771 shares of the basic materials company's stock worth $2,759,000 after purchasing an additional 13,798 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in American Vanguard in the fourth quarter valued at $2,666,000. 79.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of American Vanguard from a "hold" rating to a "sell" rating in a research note on Saturday.

American Vanguard Stock Performance

NYSE:AVD traded up $0.09 during midday trading on Friday, reaching $4.95. The stock had a trading volume of 538,659 shares, compared to its average volume of 268,422. American Vanguard Co. has a 12-month low of $3.28 and a 12-month high of $9.84. The stock has a market cap of $139.73 million, a P/E ratio of -4.81 and a beta of 1.28. The company has a quick ratio of 0.79, a current ratio of 1.89 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $4.18 and a two-hundred day simple moving average of $4.82.

American Vanguard (NYSE:AVD - Get Free Report) last announced its quarterly earnings data on Friday, June 6th. The basic materials company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.21). American Vanguard had a negative net margin of 5.22% and a negative return on equity of 3.45%. The firm had revenue of $127.00 million during the quarter, compared to analyst estimates of $127.00 million. During the same quarter in the previous year, the business earned $0.06 EPS.

American Vanguard Company Profile

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.