Primecap Management Co. CA Lowers Stock Holdings in NN, Inc. (NASDAQ:NNBR)

Primecap Management Co. CA cut its stake in shares of NN, Inc. (NASDAQ:NNBR) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 337,600 shares of the industrial products company’s stock after selling 7,700 shares during the period. Primecap Management Co. CA owned approximately 0.68% of NN worth $1,317,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in shares of NN by 7.2% in the second quarter. Renaissance Technologies LLC now owns 127,000 shares of the industrial products company’s stock valued at $381,000 after purchasing an additional 8,500 shares during the period. Empowered Funds LLC increased its stake in NN by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 179,637 shares of the industrial products company’s stock valued at $701,000 after buying an additional 9,112 shares during the period. Moss Adams Wealth Advisors LLC acquired a new position in NN in the 3rd quarter valued at $43,000. SG Americas Securities LLC purchased a new position in NN during the 1st quarter worth $53,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of NN in the 2nd quarter worth $61,000. 53.92% of the stock is owned by institutional investors and hedge funds.

NN Trading Up 0.3 %

Shares of NN stock opened at $3.96 on Friday. The firm has a market cap of $197.80 million, a price-to-earnings ratio of -3.70 and a beta of 2.96. NN, Inc. has a 52-week low of $2.25 and a 52-week high of $5.40. The company’s 50-day simple moving average is $3.79 and its 200-day simple moving average is $3.54. The company has a quick ratio of 1.18, a current ratio of 1.96 and a debt-to-equity ratio of 1.27.

About NN

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.