1 is Virco MFG Corporation’s (NASDAQ:VIRC) Institutional Investor Sentiment

June 19, 2017 - By Richard Conner

 1 is Virco MFG Corporation's (NASDAQ:VIRC) Institutional Investor Sentiment

Sentiment for Virco MFG Corporation (NASDAQ:VIRC)

Virco MFG Corporation (NASDAQ:VIRC) institutional sentiment decreased to 1 in Q4 2016. Its down -0.38, from 1.38 in 2016Q3. The ratio has dropped, as 9 investment managers increased or started new equity positions, while 9 sold and trimmed stakes in Virco MFG Corporation. The investment managers in our partner’s database now hold: 4.17 million shares, down from 4.24 million shares in 2016Q3. Also, the number of investment managers holding Virco MFG Corporation in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 6 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 market cap of $67.70 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 3.04 P/E ratio. It makes an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, folding chairs and folding tables.

About 327 shares traded. Virco Mfg. Corporation (NASDAQ:VIRC) has risen 14.99% since June 19, 2016 and is uptrending. It has underperformed by 1.71% the S&P500.

Minerva Advisors Llc holds 2.53% of its portfolio in Virco Mfg. Corporation for 1.05 million shares. Stonebridge Capital Management Inc owns 11,995 shares or 0.02% of their US portfolio. Moreover, D.A. Davidson & Co. has 0.01% invested in the company for 126,775 shares. The New York-based Bank Of New York Mellon Corp has invested 0% in the stock. Blackrock Advisors Llc, a Delaware-based fund reported 5,315 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 -30.85% below today’s ($4.7) share price. VIRC was included in 2 notes of analysts from September 22, 2015. Zacks upgraded the stock to “Strong-Buy” rating in Tuesday, September 22 report.

More news for Virco Mfg. Corporation (NASDAQ:VIRC) were recently published by: Reuters.com, which released: “BRIEF-Virco Q1 revenue $23.24 million” on June 12, 2017. Globenewswire.com‘s article titled: “Virco Reports Financial Results for 4th Quarter and Fiscal 2014” and published on April 23, 2015 is yet another important article.

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