Nuveen Asset Management LLC cut its holdings in shares of Traeger, Inc. (NYSE:COOK - Free Report) by 65.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 301,636 shares of the company's stock after selling 581,097 shares during the period. Nuveen Asset Management LLC owned 0.23% of Traeger worth $721,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in COOK. Graham Capital Management L.P. purchased a new position in Traeger during the fourth quarter valued at $37,000. Two Sigma Securities LLC bought a new stake in Traeger during the fourth quarter worth about $78,000. Bank of America Corp DE grew its holdings in Traeger by 36.6% in the fourth quarter. Bank of America Corp DE now owns 33,314 shares of the company's stock worth $80,000 after purchasing an additional 8,933 shares during the period. Deutsche Bank AG increased its stake in shares of Traeger by 231.8% during the fourth quarter. Deutsche Bank AG now owns 41,344 shares of the company's stock valued at $99,000 after purchasing an additional 28,883 shares in the last quarter. Finally, Barclays PLC raised its stake in Traeger by 15.9% during the fourth quarter. Barclays PLC now owns 51,987 shares of the company's stock valued at $124,000 after buying an additional 7,126 shares during the last quarter. Institutional investors own 46.84% of the company's stock.
Traeger Stock Performance
Shares of NYSE COOK traded up $0.40 during midday trading on Monday, hitting $1.87. 7,365,139 shares of the company's stock traded hands, compared to its average volume of 244,915. The firm has a fifty day moving average of $1.44 and a 200 day moving average of $2.08. Traeger, Inc. has a 1 year low of $1.28 and a 1 year high of $3.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.08 and a current ratio of 2.09. The stock has a market capitalization of $253.06 million, a price-to-earnings ratio of -4.66 and a beta of 1.38.
Insiders Place Their Bets
In related news, CEO Jeremy Andrus bought 176,425 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were bought at an average cost of $1.46 per share, with a total value of $257,580.50. Following the acquisition, the chief executive officer now owns 14,228,779 shares in the company, valued at $20,774,017.34. This trade represents a 1.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have acquired 730,387 shares of company stock worth $1,009,986. Company insiders own 14.70% of the company's stock.
Analysts Set New Price Targets
Several research firms recently issued reports on COOK. Royal Bank of Canada lowered their price objective on Traeger from $2.75 to $2.00 and set a "sector perform" rating on the stock in a research report on Friday, March 7th. Robert W. Baird reduced their price objective on Traeger from $3.50 to $2.50 and set a "neutral" rating for the company in a report on Friday, March 7th. B. Riley restated a "buy" rating and set a $3.00 target price (down previously from $4.00) on shares of Traeger in a research note on Friday, May 2nd. UBS Group set a $2.50 price target on shares of Traeger in a research note on Friday, March 7th. Finally, Telsey Advisory Group lowered their price objective on shares of Traeger from $2.50 to $2.00 and set a "market perform" rating on the stock in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $2.44.
View Our Latest Research Report on COOK
Traeger Profile
(
Free Report)
Traeger, Inc, together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbecue grills for retailers, distributors, and direct to consumers in the United States. Its wood pellet grills are internet of things devices that allow owners to program, monitor, and control their grill through its Traeger app.
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