Primecap Management Co. CA Sells 8,300 Shares of NN, Inc. (NASDAQ:NNBR)

Primecap Management Co. CA reduced its position in shares of NN, Inc. (NASDAQ:NNBR) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 345,300 shares of the industrial products company’s stock after selling 8,300 shares during the quarter. Primecap Management Co. CA owned 0.69% of NN worth $1,036,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Register Financial Advisors LLC lifted its stake in NN by 11.9% in the 2nd quarter. Register Financial Advisors LLC now owns 1,160,968 shares of the industrial products company’s stock valued at $3,483,000 after purchasing an additional 123,505 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of NN by 80.7% during the 2nd quarter. American Century Companies Inc. now owns 642,568 shares of the industrial products company’s stock worth $1,928,000 after acquiring an additional 287,060 shares during the period. Acadian Asset Management LLC increased its holdings in shares of NN by 102.0% during the 2nd quarter. Acadian Asset Management LLC now owns 208,771 shares of the industrial products company’s stock worth $625,000 after acquiring an additional 105,429 shares during the last quarter. Empowered Funds LLC raised its stake in NN by 8.1% in the 1st quarter. Empowered Funds LLC now owns 158,285 shares of the industrial products company’s stock valued at $750,000 after acquiring an additional 11,900 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in NN during the 2nd quarter valued at $429,000. Institutional investors and hedge funds own 53.92% of the company’s stock.

NN Trading Down 0.8 %

NNBR stock opened at $3.60 on Thursday. The stock has a market cap of $180.02 million, a price-to-earnings ratio of -2.57 and a beta of 2.94. The company has a fifty day moving average price of $3.67 and a two-hundred day moving average price of $3.70. NN, Inc. has a one year low of $1.63 and a one year high of $5.40. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.04 and a quick ratio of 1.29.

NN (NASDAQ:NNBR) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. NN had a negative net margin of 8.38% and a negative return on equity of 7.70%. The business had revenue of $122.99 million for the quarter, compared to analyst estimates of $123.59 million. During the same quarter in the prior year, the business earned ($0.08) EPS. Equities analysts anticipate that NN, Inc. will post -0.16 EPS for the current year.

NN Company Profile

NN, Inc, together with its subsidiaries, designs, manufactures, and sells high-precision components and assemblies for various end markets in the United States and internationally. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for automotive, general industrial, and medical end markets for use in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as in heating, ventilation, and air conditioning.