Mutual of America Capital Management LLC cut its holdings in shares of Encore Wire Co. (NASDAQ:WIRE – Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,790 shares of the electronics maker’s stock after selling 563 shares during the period. Mutual of America Capital Management LLC owned approximately 0.16% of Encore Wire worth $4,706,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in WIRE. Dark Forest Capital Management LP acquired a new stake in Encore Wire during the first quarter valued at approximately $66,000. IFP Advisors Inc lifted its position in shares of Encore Wire by 231.5% in the 2nd quarter. IFP Advisors Inc now owns 358 shares of the electronics maker’s stock valued at $67,000 after acquiring an additional 250 shares in the last quarter. Delos Wealth Advisors LLC purchased a new stake in shares of Encore Wire in the 2nd quarter valued at approximately $105,000. Fortis Capital Advisors LLC purchased a new stake in shares of Encore Wire in the 4th quarter valued at approximately $121,000. Finally, Lazard Asset Management LLC lifted its position in shares of Encore Wire by 15.1% in the 4th quarter. Lazard Asset Management LLC now owns 1,029 shares of the electronics maker’s stock valued at $141,000 after acquiring an additional 135 shares in the last quarter. 99.82% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Encore Wire from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd.
Encore Wire Stock Up 0.6 %
WIRE stock opened at $245.68 on Tuesday. Encore Wire Co. has a 12-month low of $138.20 and a 12-month high of $246.75. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 9.59 and a beta of 1.31. The company has a 50 day moving average of $214.28 and a two-hundred day moving average of $189.56.
About Encore Wire
Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. The company offers NM-B cables, UF-B cables, THHN/THWN-2, XHHW-2, USE-2, RHH/RHW-2, and other types of wire products, including SEU, SER, photovoltaic, URD, tray cables, metal-clads, and armored cables.
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