Ownership Action Don’t Lie: Virco MFG Corporation (NASDAQ:VIRC) First Quarter Institutional Investor Sentiment Steady

November 17, 2016 - By Marie Mckinney   ·   0 Comments

Ownership Action Don't Lie: Virco MFG Corporation (NASDAQ:VIRC) First Quarter Institutional Investor Sentiment Steady

Sentiment for Virco MFG Corporation (NASDAQ:VIRC)

Virco MFG Corporation (NASDAQ:VIRC) institutional sentiment increased to 1 in Q2 2016. Its up 0.14, from 0.86 in 2016Q1. The ratio is better, as 9 active investment managers increased or opened new equity positions, while 9 decreased and sold holdings in Virco MFG Corporation. The active investment managers in our partner’s database now own: 4.22 million shares, up from 4.19 million shares in 2016Q1. Also, the number of active investment managers holding Virco MFG Corporation in their top 10 equity positions increased from 0 to 1 for an increase of 1. Sold All: 2 Reduced: 7 Increased: 7 New Position: 2.

Virco Mfg. Corporation is engaged in the designing, producing and distributing of furniture for a range family of customers. The company has a market cap of $68.31 million. The Firm is a maker and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. It has a 17.7 P/E ratio. It makes an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, folding chairs and folding tables.

The stock decreased 1.10% or $0.05 during the last trading session, hitting $4.5. Virco Mfg. Corporation (NASDAQ:VIRC) has risen 45.37% since April 15, 2016 and is uptrending. It has outperformed by 40.74% the S&P500.

According to Zacks Investment Research, “Virco Mfg. Corporation designs, produces, and distributes quality furniture for the contract and education markets worldwide. Examples of facilities served by Virco include public and private schools, colleges and universities, convention centers, federal and state institutions, churches and other businesses. They also sell to wholesalers, distributors, retailers and catalog retailers. In order to divide the workload into manageable amounts, Virco has divided the sales force into two groups: Education and Commercial.”

Minerva Advisors Llc holds 3.08% of its portfolio in Virco Mfg. Corporation for 1.04 million shares. Stonebridge Capital Management Inc owns 13,000 shares or 0.03% of their US portfolio. Moreover, Grt Capital Partners L.L.C. has 0.02% invested in the company for 17,605 shares. The Montana-based D.A. Davidson & Co. has invested 0.01% in the stock. Acadian Asset Management Llc, a Massachusetts-based fund reported 4,039 shares.#img1#

Virco Mfg. Corporation (NASDAQ:VIRC) Ratings Coverage

Ratings analysis reveals 50% of Virco Mfg.’s analysts are positive. Out of 2 Wall Street analysts rating Virco Mfg., 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $3.25 while the high is $3.25. The stock’s average target of $3.25 is -27.78% below today’s ($4.5) share price. VIRC was included in 2 notes of analysts from September 22, 2015. The firm has “Strong-Buy” rating by Zacks given on Tuesday, September 22.

VIRC Company Profile

Virco Mfg. Corporation (Virco), incorporated on April 23, 1984, is engaged in the designing, producing and distributing of furniture for a range family of customers. The Firm is a maker and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. The Firm makes an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, activity tables, folding chairs and folding tables. The Company’s primary furniture lines are constructed of tubular metal legs and frames, combined with wood and plastic tops, plastic seats and backs, upholstered seats and backs, and upholstered rigid polyethylene and polypropylene shells. Virco also has flat metal forming capabilities to enable the production of desks, returns, bookcases, filing cabinets, mobile pedestals and related items.

More recent Virco Mfg. Corporation (NASDAQ:VIRC) news were published by: Globenewswire.com which released: “Virco Announces Board Reorganization” on May 13, 2014. Also Zacks.com published the news titled: “Virco Mfg. Stock: 3 Reasons Why VIRC Is a Top Choice for Value Investors” on May 08, 2015. Seekingalpha.com‘s news article titled: “Virco Manufacturing: EPS And Shares Poised For Material Upside Driven By Lean …” with publication date: July 07, 2016 was also an interesting one.

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By Marie Mckinney


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