Bessemer Group Inc. Reduces Position in Sturm Ruger & Company Inc (RGR)

Bessemer Group Inc. reduced its position in shares of Sturm Ruger & Company Inc (NYSE:RGR) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,430 shares of the company’s stock after selling 3,060 shares during the period. Bessemer Group Inc.’s holdings in Sturm Ruger & Company Inc were worth $1,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Flinton Capital Management LLC lifted its holdings in Sturm Ruger & Company Inc by 77.8% during the 2nd quarter. Flinton Capital Management LLC now owns 1,792 shares of the company’s stock worth $111,000 after purchasing an additional 784 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Sturm Ruger & Company Inc by 10.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,840 shares of the company’s stock worth $114,000 after purchasing an additional 177 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in Sturm Ruger & Company Inc during the 3rd quarter worth approximately $129,000. PNC Financial Services Group Inc. lifted its holdings in Sturm Ruger & Company Inc by 2.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,965 shares of the company’s stock worth $184,000 after purchasing an additional 80 shares during the last quarter. Finally, Yorktown Management & Research Co Inc acquired a new stake in Sturm Ruger & Company Inc during the 3rd quarter worth approximately $209,000. 86.29% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised Sturm Ruger & Company Inc from a “strong sell” rating to a “hold” rating in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $58.00.

Sturm Ruger & Company Inc (NYSE:RGR) opened at $48.85 on Tuesday. The firm has a market capitalization of $882.75, a price-to-earnings ratio of 14.28 and a beta of -0.09. Sturm Ruger & Company Inc has a fifty-two week low of $44.80 and a fifty-two week high of $68.80.

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About Sturm Ruger & Company Inc

Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.

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Institutional Ownership by Quarter for Sturm Ruger & Company Inc (NYSE:RGR)

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