What Will Happen to Ply Gem Holdings Inc (PGEM) Next? The Stock Formed a Several Months Bullish Double Top Pattern

June 19, 2017 - By Ellis Scott

Investors sentiment decreased to 1.04 in Q4 2016. Its down 0.91, from 1.95 in 2016Q3. It is negative, as 11 investors sold Ply Gem Holdings Inc shares while 41 reduced holdings. 17 funds opened positions while 37 raised stakes. 19.33 million shares or 0.70% less from 19.46 million shares in 2016Q3 were reported.
Convergence Invest Lc invested in 0.23% or 104,035 shares. Geode Mgmt Limited Com invested 0% in Ply Gem Holdings Inc (NYSE:PGEM). Tiaa Cref Invest Mgmt Ltd Liability Com stated it has 0% of its portfolio in Ply Gem Holdings Inc (NYSE:PGEM). Oxford Asset, United Kingdom-based fund reported 71,325 shares. Rutabaga Mgmt Ltd Llc Ma invested in 3.56% or 1.28M shares. Alliancebernstein Lp accumulated 248,618 shares. Susquehanna Int Gp Limited Liability Partnership holds 0% or 29,933 shares in its portfolio. National Bank & Trust Of Mellon Corporation invested 0% in Ply Gem Holdings Inc (NYSE:PGEM). Moreover, Brandywine Inv Limited Co has 0.03% invested in Ply Gem Holdings Inc (NYSE:PGEM). Illinois-based Hightower Limited Liability Corporation has invested 0% in Ply Gem Holdings Inc (NYSE:PGEM). 62,844 were accumulated by Nationwide Fund Advisors. Peak6 Invs Limited Partnership reported 2,658 shares. Spark Investment Mngmt Limited Liability Company holds 149,300 shares. Moreover, Gargoyle Advisor Llc has 0.15% invested in Ply Gem Holdings Inc (NYSE:PGEM). Renaissance Techs Ltd reported 0.02% in Ply Gem Holdings Inc (NYSE:PGEM).

Since May 11, 2017, it had 0 buys, and 1 sale for $80,409 activity.

The chart of Ply Gem Holdings Inc (PGEM) shows a double top with $17.97 target or 3.00 % above today’s $17.45 share price. The 7 months chart pattern indicates low risk for the $1.19 billion company. It was reported on Jun, 19 by Finviz.com. If the $17.97 price target is reached, the company will be worth $35.70M more. Double tops are rare but powerful chart patterns.

About 1,308 shares traded. Ply Gem Holdings Inc (NYSE:PGEM) has risen 22.22% since June 19, 2016 and is uptrending. It has outperformed by 5.52% the S&P500.

Ply Gem Holdings Inc (NYSE:PGEM) Ratings Coverage

Among 7 analysts covering Ply Gem Holdings (NYSE:PGEM), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Ply Gem Holdings had 9 analyst reports since August 11, 2015 according to SRatingsIntel. On Tuesday, October 18 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. The firm has “Buy” rating by Zelman given on Tuesday, March 14. The firm earned “Buy” rating on Wednesday, April 12 by RBC Capital Markets. As per Tuesday, September 20, the company rating was initiated by RBC Capital Markets. As per Tuesday, August 9, the company rating was maintained by JP Morgan. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, August 11. The firm earned “Outperform” rating on Tuesday, August 11 by Imperial Capital.

More important recent Ply Gem Holdings Inc (NYSE:PGEM) news were published by: Seekingalpha.com which released: “Ply Gem Holdings (PGEM) Q3 2016 Results – Earnings Call Transcript” on November 07, 2016, also Nypost.com published article titled: “Manhattan mogul seeking $2B for Ply Gem: source”, Seekingalpha.com published: “Ply Gem Holdings (PGEM) CEO Gary Robinette on Q4 2016 Results – Earnings Call …” on March 10, 2017. More interesting news about Ply Gem Holdings Inc (NYSE:PGEM) was released by: Seekingalpha.com and their article: “Ply Gem Holdings (PGEM) Q1 2017 Results – Earnings Call Transcript” with publication date: May 08, 2017.

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