Armstrong Flooring, Inc. (NYSE:AFI) Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its holdings in Armstrong Flooring, Inc. (NYSE:AFI) by 35.2% during the second quarter, HoldingsChannel reports. The firm owned 20,604 shares of the construction company’s stock after buying an additional 5,369 shares during the period. American Century Companies Inc.’s holdings in Armstrong Flooring were worth $128,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AFI. BlackRock Inc. increased its stake in Armstrong Flooring by 1.3% in the first quarter. BlackRock Inc. now owns 583,787 shares of the construction company’s stock valued at $2,855,000 after purchasing an additional 7,444 shares during the period. Russell Investments Group Ltd. acquired a new position in Armstrong Flooring in the first quarter valued at $120,000. Acadian Asset Management LLC increased its stake in Armstrong Flooring by 2.9% in the first quarter. Acadian Asset Management LLC now owns 742,588 shares of the construction company’s stock valued at $3,631,000 after purchasing an additional 20,690 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Armstrong Flooring by 6.7% in the first quarter. Geode Capital Management LLC now owns 178,728 shares of the construction company’s stock valued at $873,000 after acquiring an additional 11,297 shares in the last quarter. Finally, Capstone Financial Advisors Inc. purchased a new stake in shares of Armstrong Flooring in the first quarter valued at about $49,000. Institutional investors own 69.12% of the company’s stock.

In related news, major shareholder Lp 22Nw acquired 104,370 shares of the firm’s stock in a transaction that occurred on Monday, July 26th. The shares were purchased at an average price of $4.01 per share, with a total value of $418,523.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by insiders.

Shares of NYSE:AFI opened at $3.16 on Friday. The company has a market cap of $68.53 million, a price-to-earnings ratio of -1.93 and a beta of 2.75. The firm’s 50-day simple moving average is $3.80 and its 200-day simple moving average is $5.06. The company has a quick ratio of 0.68, a current ratio of 1.62 and a debt-to-equity ratio of 0.21. Armstrong Flooring, Inc. has a fifty-two week low of $2.62 and a fifty-two week high of $6.96.

Armstrong Flooring (NYSE:AFI) last issued its earnings results on Wednesday, July 21st. The construction company reported ($0.79) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.86). The firm had revenue of $168.10 million during the quarter. Armstrong Flooring had a negative net margin of 5.89% and a negative return on equity of 28.26%.

Armstrong Flooring Profile

Armstrong Flooring, Inc engages in the production of flooring products. It operates through the Resilient Flooring and Wood Flooring segments. The Resilient Flooring segment designs, manufactures, sources, and sells a range of floor coverings primarily for homes and commercial buildings under various brands, including the Armstrong brand.

See Also: When can a hold rating present a buying opportunity?

Want to see what other hedge funds are holding AFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armstrong Flooring, Inc. (NYSE:AFI).

Institutional Ownership by Quarter for Armstrong Flooring (NYSE:AFI)

Receive News & Ratings for Armstrong Flooring Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong Flooring and related companies with MarketBeat.com's FREE daily email newsletter.