JPMorgan Chase & Co. Has $3.93 Million Position in NN, Inc. (NASDAQ:NNBR)

JPMorgan Chase & Co. raised its stake in NN, Inc. (NASDAQ:NNBR) by 130.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,094 shares of the industrial products company’s stock after acquiring an additional 81,070 shares during the period. JPMorgan Chase & Co. owned approximately 0.52% of NN worth $3,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of NN by 6.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,288,095 shares of the industrial products company’s stock worth $57,659,000 after acquiring an additional 142,697 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of NN by 31.2% in the first quarter. Nuveen Asset Management LLC now owns 1,176,352 shares of the industrial products company’s stock worth $29,644,000 after acquiring an additional 279,795 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of NN by 7.7% in the first quarter. Vanguard Group Inc. now owns 1,081,836 shares of the industrial products company’s stock worth $27,262,000 after acquiring an additional 77,538 shares during the last quarter. Skylands Capital LLC grew its stake in shares of NN by 15.2% in the second quarter. Skylands Capital LLC now owns 469,350 shares of the industrial products company’s stock worth $12,884,000 after acquiring an additional 61,914 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of NN by 8.1% in the first quarter. Geode Capital Management LLC now owns 217,710 shares of the industrial products company’s stock worth $5,486,000 after acquiring an additional 16,404 shares during the last quarter. 91.27% of the stock is currently owned by hedge funds and other institutional investors.

In other NN news, Director Steven T. Warshaw sold 5,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $27.08, for a total transaction of $135,400.00. Following the sale, the director now owns 58,732 shares in the company, valued at approximately $1,590,462.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven T. Warshaw sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $26.82, for a total value of $53,640.00. Following the sale, the director now owns 58,732 shares in the company, valued at approximately $1,575,192.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,000 shares of company stock worth $436,660. 3.32% of the stock is owned by company insiders.

Shares of NN, Inc. (NASDAQ NNBR) opened at 29.80 on Wednesday. NN, Inc. has a 52-week low of $13.43 and a 52-week high of $31.65. The stock’s market capitalization is $820.69 million. The company’s 50 day moving average price is $27.69 and its 200 day moving average price is $27.54.

NN (NASDAQ:NNBR) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. NN had a positive return on equity of 14.58% and a negative net margin of 0.77%. The firm had revenue of $225.88 million for the quarter, compared to the consensus estimate of $221.00 million. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that NN, Inc. will post $1.60 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “JPMorgan Chase & Co. Has $3.93 Million Position in NN, Inc. (NASDAQ:NNBR)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/18/jpmorgan-chase-co-has-3-93-million-position-in-nn-inc-nnbr.html.

NNBR has been the topic of a number of recent research reports. Zacks Investment Research cut NN from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. William Blair reaffirmed a “market perform” rating on shares of NN in a research report on Tuesday, July 11th. BidaskClub cut NN from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $29.00 price obj

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of NN by 6.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,288,095 shares of the industrial products company’s stock worth $57,659,000 after acquiring an additional 142,697 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of NN by 31.2% in the first quarter. Nuveen Asset Management LLC now owns 1,176,352 shares of the industrial products company’s stock worth $29,644,000 after acquiring an additional 279,795 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of NN by 7.7% in the first quarter. Vanguard Group Inc. now owns 1,081,836 shares of the industrial products company’s stock worth $27,262,000 after acquiring an additional 77,538 shares during the last quarter. Skylands Capital LLC grew its stake in shares of NN by 15.2% in the second quarter. Skylands Capital LLC now owns 469,350 shares of the industrial products company’s stock worth $12,884,000 after acquiring an additional 61,914 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of NN by 8.1% in the first quarter. Geode Capital Management LLC now owns 217,710 shares of the industrial products company’s stock worth $5,486,000 after acquiring an additional 16,404 shares during the last quarter. 91.27% of the stock is currently owned by hedge funds and other institutional investors.

In other NN news, Director Steven T. Warshaw sold 5,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $27.08, for a total transaction of $135,400.00. Following the sale, the director now owns 58,732 shares in the company, valued at approximately $1,590,462.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven T. Warshaw sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $26.82, for a total value of $53,640.00. Following the sale, the director now owns 58,732 shares in the company, valued at approximately $1,575,192.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,000 shares of company stock worth $436,660. 3.32% of the stock is owned by company insiders.

Shares of NN, Inc. (NASDAQ NNBR) opened at 29.80 on Wednesday. NN, Inc. has a 52-week low of $13.43 and a 52-week high of $31.65. The stock’s market capitalization is $820.69 million. The company’s 50 day moving average price is $27.69 and its 200 day moving average price is $27.54.

NN (NASDAQ:NNBR) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. NN had a positive return on equity of 14.58% and a negative net margin of 0.77%. The firm had revenue of $225.88 million for the quarter, compared to the consensus estimate of $221.00 million. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that NN, Inc. will post $1.60 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “JPMorgan Chase & Co. Has $3.93 Million Position in NN, Inc. (NASDAQ:NNBR)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/18/jpmorgan-chase-co-has-3-93-million-position-in-nn-inc-nnbr.html.

NNBR has been the topic of a number of recent research reports. Zacks Investment Research cut NN from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. William Blair reaffirmed a “market perform” rating on shares of NN in a research report on Tuesday, July 11th. BidaskClub cut NN from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $29.00 price objective on shares of NN in a research report on Friday, August 4th. Finally, KeyCorp reaffirmed a “buy” rating and set a $36.00 price objective on shares of NN in a research report on Sunday, September 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.00.

NN Company Profile

NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.

Institutional Ownership by Quarter for NN (NASDAQ:NNBR)

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