Cubist Systematic Strategies LLC Has $368,000 Holdings in American Woodmark Corporation $AMWD

Key Points

• Cubist Systematic Strategies LLC significantly reduced its stake in American Woodmark Corporation by 69.3%, holding 6,254 shares valued at $368,000 after selling 14,140 shares in the first quarter.
• Other institutional investors showed mixed trends, with LSV Asset Management increasing its position by 22.3% and GAMMA Investing LLC growing its stake by an impressive 7,721.1%.
• American Woodmark's recent earnings report showed a 12.2% decrease in revenue year-over-year, with last quarter earnings per share of $1.01, falling short of analyst estimates.

Cubist Systematic Strategies LLC cut its position in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 69.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 6,254 shares of the company's stock after selling 14,140 shares during the quarter. Cubist Systematic Strategies LLC's holdings in American Woodmark were worth $368,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. SummerHaven Investment Management LLC grew its holdings in shares of American Woodmark by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 9,962 shares of the company's stock worth $586,000 after acquiring an additional 185 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of American Woodmark by 5.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company's stock worth $234,000 after acquiring an additional 193 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of American Woodmark by 32.9% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the company's stock worth $47,000 after acquiring an additional 197 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of American Woodmark by 4.6% in the 4th quarter. Vident Advisory LLC now owns 6,398 shares of the company's stock worth $509,000 after acquiring an additional 281 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of American Woodmark by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,861 shares of the company's stock worth $705,000 after acquiring an additional 325 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMWD has been the topic of a number of recent research reports. Wall Street Zen cut American Woodmark from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Loop Capital lowered their price target on American Woodmark from $75.00 to $72.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Finally, Robert W. Baird lifted their price target on American Woodmark from $64.00 to $68.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $70.00.

American Woodmark Stock Up 1.9%

AMWD traded up $1.32 during trading on Monday, reaching $69.64. 121,491 shares of the stock traded hands, compared to its average volume of 171,518. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 12.46 and a beta of 1.21. American Woodmark Corporation has a fifty-two week low of $50.00 and a fifty-two week high of $104.28. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.04 and a quick ratio of 1.05. The stock's 50-day simple moving average is $60.31 and its two-hundred day simple moving average is $58.32.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its quarterly earnings data on Tuesday, August 26th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.13). The firm had revenue of $403.05 million for the quarter, compared to analyst estimates of $420.64 million. American Woodmark had a net margin of 5.11% and a return on equity of 9.43%. American Woodmark's revenue for the quarter was down 12.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 EPS.

American Woodmark Company Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.