Investment analysts at StockNews.com began coverage on shares of Weyco Group (NASDAQ:WEYS – Get Rating) in a report issued on Thursday. The brokerage set a “buy” rating on the textile maker’s stock.
Weyco Group Stock Up 3.0 %
Shares of NASDAQ:WEYS opened at $22.44 on Thursday. The company has a market cap of $215.87 million, a PE ratio of 7.31 and a beta of 0.88. The company’s 50-day moving average price is $25.67 and its 200 day moving average price is $24.43. Weyco Group has a fifty-two week low of $19.89 and a fifty-two week high of $32.45.
Institutional Trading of Weyco Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MetLife Investment Management LLC bought a new stake in shares of Weyco Group during the 4th quarter worth about $68,000. Morgan Stanley raised its position in shares of Weyco Group by 16.4% during the 4th quarter. Morgan Stanley now owns 3,741 shares of the textile maker’s stock worth $79,000 after buying an additional 528 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Weyco Group by 38.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 20,382 shares of the textile maker’s stock worth $431,000 after buying an additional 5,631 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Weyco Group by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,764 shares of the textile maker’s stock worth $355,000 after buying an additional 677 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Weyco Group by 533.6% during the 4th quarter. Barclays PLC now owns 1,584 shares of the textile maker’s stock worth $33,000 after buying an additional 1,334 shares in the last quarter. 22.63% of the stock is currently owned by institutional investors.
Weyco Group Company Profile
Weyco Group, Inc engages in the design, production and trade of footwear for men, women and children. It operates through the following segments: North American Wholesale Operations and North American Retail Operations. The North American Wholesale Operations segment includes selling products to department stores and specialty shops in the United States and Canada.
- Get a free copy of the StockNews.com research report on Weyco Group (WEYS)
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