Mutual of America Capital Management LLC increased its position in shares of Plantronics, Inc. (NYSE:POLY – Get Rating) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,164 shares of the company’s stock after acquiring an additional 325 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Plantronics were worth $243,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in POLY. Rational Advisors LLC bought a new stake in Plantronics in the fourth quarter valued at about $25,000. Advisor Group Holdings Inc. bought a new stake in Plantronics in the fourth quarter valued at about $48,000. Nisa Investment Advisors LLC bought a new stake in Plantronics in the fourth quarter valued at about $88,000. Shell Asset Management Co. bought a new stake in Plantronics in the fourth quarter valued at about $141,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Plantronics in the fourth quarter valued at about $148,000. Institutional investors and hedge funds own 88.85% of the company’s stock.
Plantronics Price Performance
Shares of Plantronics stock opened at $39.79 on Tuesday. Plantronics, Inc. has a 1 year low of $22.69 and a 1 year high of $40.82. The business has a 50-day moving average of $39.67 and a two-hundred day moving average of $35.22. The company has a market capitalization of $1.74 billion, a P/E ratio of 113.69 and a beta of 1.60. The company has a debt-to-equity ratio of 74.41, a current ratio of 1.54 and a quick ratio of 1.07.
Analyst Upgrades and Downgrades
Separately, TheStreet upgraded Plantronics from a “d+” rating to a “c-” rating in a report on Friday, April 22nd.
Insiders Place Their Bets
In other Plantronics news, Director Guido Jouret sold 800 shares of the stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $39.35, for a total value of $31,480.00. Following the completion of the sale, the director now directly owns 21,226 shares in the company, valued at $835,243.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.
Plantronics, Inc, together with its subsidiaries, designs, manufactures, markets, and sells integrated communications and collaborations solutions for corporate customers, small businesses, and individuals in the United States, Europe, the Middle East, Africa, the Asia Pacific, and rest of the Americas.
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